QueenOfTheDay

💖 Gate Social’s Qixi limited-edition Easter egg is live! Add a little sweetness to every post~
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4️⃣ Limited avatar: Equip a Qixi avatar accessory on your profile
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Post, like, chat, and watch livestreams—celebrate Qixi together!
Note: Update the App to version v8.31.0 or above to experience the effects.

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Event details: https://www.gate.com/announcements/article/101104.

#StockTradingShareChallenge
Stock trading is no longer just about watching charts and waiting for the perfect entry. Today, traders are also looking for opportunities to learn, compete, share strategies, and turn their market experience into something bigger.
That is what makes the interesting.
Trading challenges can create a different kind of motivation. Instead of keeping every market observation private, traders can share their ideas, strategies, setups, lessons, and results with the wider community. The real value is not only in winning a reward. It is in learning how different traders approach the same market.
Gate has been expanding its stock ecosystem with trading opportunities across different products and promotional campaigns. Recent Gate stock campaigns have included rewards linked to trading activity, leaderboards, referrals, and stock-related incentives.
But competition should never replace risk management.
A strong trader does not enter a position simply because there is a challenge or reward attached to it. The first priority should always be understanding the asset, market conditions, volatility, liquidity, and potential downside.
For anyone participating in a stock trading challenge, I would focus on three things:
Research before trading.
Risk management before chasing returns.
Consistency before trying to become the biggest winner overnight.
The best trading content is not always a screenshot showing profit. Sometimes the most valuable post is an honest explanation of why a trade worked, why it failed, where the risk was underestimated, or what lesson came from it.
That is how a trading community becomes stronger.
can be more than a competition. It can become a place where traders exchange knowledge, discover different strategies, and improve together.
Share your market view. Share your analysis. Share the lesson behind your trade.
But never forget that every market carries risk, and past performance does not guarantee future results.
Trade with a plan, protect your capital, and let your decisions be based on research rather than emotion.

#TetherReservesExceedLiabilitiesBy6.8B
Tether is back in the spotlight with a major transparency milestone that deserves attention across the stablecoin industry.
Tether has announced that KPMG U.S. completed its first full independent financial audit of Tether International’s 2025 financial statements. The audit found that Tether’s reserves exceeded its liabilities by approximately $6.814 billion at the end of 2025.
That number matters because reserves are at the center of the stablecoin trust equation.
USDT is designed to maintain a 1:1 relationship with the U.S. dollar, so users and institutions naturally want to know whether the assets supporting the tokens are sufficient to meet liabilities. Tether’s transparency framework states that its assets exceed its liabilities.
The first full KPMG audit is particularly significant because Tether had previously relied on periodic reserve attestations. Moving to a full financial audit represents a deeper level of independent examination and could strengthen transparency around the company’s financial position.
However, there is an important detail investors should understand.
The $6.814 billion figure is a year-end 2025 snapshot. It should not automatically be interpreted as Tether’s current reserve surplus in August 2026. Tether’s March 31, 2026 attestation reported a larger $8.23 billion reserve buffer, showing that the figure can change as assets, liabilities, and market conditions change.
This is why transparency should be viewed as an ongoing process rather than a single headline.
For the stablecoin sector, stronger independent reporting can help users, institutions, regulators, and the broader crypto market better understand how major digital-dollar issuers manage reserves and liquidity.
USDT has become a critical part of global crypto liquidity, and developments around its financial strength can have implications far beyond Tether itself.
is therefore an important development for anyone following stablecoins, crypto liquidity, and the future of digital dollars.
Read the numbers. Understand the reporting date. Check the underlying disclosures.
Transparency builds confidence, but informed users should always look beyond the headline.

#Web3SecurityGuide
Web3 gives users more control over their assets, but that control also comes with responsibility.
One wrong click, one fake website, one malicious signature, or one leaked recovery phrase can put an entire wallet at risk. That is why security should never be treated as an afterthought.
Here are some simple rules every Web3 user should follow:
1. Never share your seed phrase or private key.
No legitimate wallet, exchange, moderator, or support agent should ask for it. Anyone who gets your recovery phrase can potentially control your wallet and its assets.
2. Verify every website before connecting your wallet.
Phishing websites can look almost identical to legitimate platforms. Check the domain carefully and use bookmarks for websites you regularly access.
3. Read before you sign.
Don't blindly approve wallet transactions or signatures. Modern security initiatives are specifically addressing the risks of "blind signing" because users can unknowingly approve dangerous actions.
4. Be careful with token approvals.
A smart contract approval can give a dApp permission to spend tokens. Avoid unnecessary unlimited approvals and regularly review permissions you no longer need.
5. Use stronger protection for valuable assets.
For significant holdings, consider appropriate cold or hardware-wallet security and keep recovery information offline.
6. Don't trust unexpected DMs.
Scammers often pretend to be support staff, project teams, influencers, or recovery experts. If someone contacts you unexpectedly and asks for funds, credentials, or your seed phrase, stop and verify independently.
7. If you think your wallet is compromised, act quickly.
Move remaining assets to a secure wallet, revoke suspicious token approvals, change linked account passwords, and enable 2FA where available.
Web3 security is not only about having a good wallet. It is about developing good habits.
Stop. Verify. Read. Then sign.
Your private keys are your responsibility, and in crypto, prevention is usually far easier than recovery.

#GateJulyTransparencyReportReleased Gate July Transparency Report: Why Verifiable Reserves Matter More Than Ever
After the collapse of FTX, one lesson became impossible for the crypto industry to ignore:
Trust should be supported by evidence.
For centralized exchanges holding billions of dollars in customer assets, transparency is no longer simply a public-relations feature. It has become a core part of the conversation around custody, solvency, risk management, and user confidence.
That is why Gate’s transparency reporting deserves attention.
More Than a Monthly Reserve Number
Gate’s July transparency reporting highlighted approximately $10.504 billion in total reserves and a reported 126.03% reserve ratio as of July 11, 2025.
In simple terms, the reported reserve level was above the liabilities covered by the report.
But the more important story is not one percentage on one date.
It is the trend across multiple reporting periods.
Gate reported approximately $10.328 billion in reserves with a 128.58% ratio in Q1 2025, followed by approximately $10.865 billion and a 128.57% ratio in May. The August 2025 report subsequently showed approximately $12.02 billion in reserves with a 123.98% ratio.
Looking at multiple snapshots provides more context than simply highlighting the strongest number.
The central question becomes:
Is the exchange consistently maintaining sufficient reserves as its customer base and activity evolve?
Why Proof of Reserves Became So Important
Before the FTX collapse, many users placed significant trust in centralized exchanges based on reputation, size, brand recognition, and market share.
The collapse demonstrated why those factors are not enough.
An exchange can appear large and successful while users may not have complete visibility into the underlying financial position.
Proof of Reserves attempts to address part of this problem by providing evidence regarding assets held by an exchange and how those assets relate to customer liabilities under the reporting methodology.
It does not eliminate every risk.
But it can make an important part of the picture more transparent.
The Importance of a 126% Reserve Ratio
A reserve ratio above 100% generally indicates that the reported reserves exceed the liabilities covered by the relevant calculation.
A reported 126.03% ratio therefore represents a meaningful buffer within the scope of that report.
However, users should avoid interpreting the number as a universal guarantee of solvency.
The quality of a reserve ratio depends on several factors:
- What assets are included?
- How are liabilities calculated?
- Are the reserves liquid?
- Are the assets unencumbered?
- What methodology is used?
- How frequently is the information updated?
- What risks exist outside the reported scope?
The percentage is useful, but context is essential.
Transparency Over Time Is More Valuable
One of the strongest aspects of transparency reporting is the ability to compare results across different periods.
A single snapshot can tell users what was reported at one point in time.
Multiple reports can reveal a trend.
If reserves change significantly, users can ask why.
If the reserve ratio changes, users can investigate the reasons.
If customer liabilities increase alongside reserves, that provides additional context about the scale of the platform.
This is why transparency should be treated as an ongoing process rather than a one-time announcement.
The Role of zk-SNARK Technology
Gate has also highlighted the use of zk-SNARK technology within its Proof of Reserves framework.
The underlying concept is important.
Users want evidence that their balances are included in the relevant reserve verification process, but they do not want their sensitive account information publicly exposed.
Cryptographic technologies such as zero-knowledge proofs can help address this tension.
The objective is to allow certain information to be verified without unnecessarily revealing private data.
Combined with a Merkle Tree structure, this can give users a way to verify that their individual balance is represented within the reported set while preserving greater privacy.
That changes the transparency conversation from:
“Trust the exchange because it says the reserves exist.”
toward:
“Here is a mechanism through which parts of the claim can be independently verified.”
That is a meaningful distinction.
But Proof of Reserves Is Not Proof of Everything
This point deserves emphasis.
Proof of Reserves should not be confused with a complete audit of an exchange's entire financial condition.
Showing that assets exist does not automatically answer every question about liabilities, corporate structure, operational controls, security, legal risks, or other obligations.
Users should therefore consider Proof of Reserves as one component of due diligence, not a complete replacement for it.
The right questions go beyond:
“What is the reserve ratio?”
They also include:
“What exactly makes up those reserves?”
“How liquid are they?”
“How are customer liabilities calculated?”
“How frequently is the information verified?”
“What methodology and cryptographic mechanisms are being used?”
The more transparent the answers, the better users can evaluate the risks.
Asset Composition Matters
A reserve ratio can look impressive, but composition matters.
Not all assets carry the same liquidity or market risk.
Highly liquid assets can generally provide a different risk profile from volatile or thinly traded tokens.
This is especially important during a market-wide selloff.
In a severe downturn, asset prices can fall quickly while redemption demand increases simultaneously.
That is why users should look beyond the headline reserve percentage and understand what sits underneath it.
Transparency Can Become a Competitive Advantage
The crypto exchange industry is increasingly competitive.
Trading fees, product selection, liquidity, technology, security, customer support, and global availability all influence users' decisions.
Transparency can become another important differentiator.
An exchange that consistently provides verifiable information about its reserves can give users additional tools for evaluating custody risk.
This does not mean users should blindly trust any report.
It means exchanges have an incentive to compete on evidence, not simply marketing.
That could be a healthy development for the entire industry.
From Trust-Based Custody to Evidence-Based Custody
The biggest shift after FTX may ultimately be cultural.
Users are becoming more willing to ask difficult questions.
They want to know where their assets are.
They want to understand how exchanges manage custody.
They want transparency around reserves and liabilities.
They want stronger mechanisms for verification.
This represents a transition from:
“I trust this platform.”
to:
“I can verify important parts of what this platform is telling me.”
That is a much stronger foundation for a mature financial market.
What Users Should Do
For anyone holding assets on a centralized exchange, the practical approach is straightforward.
Verify the reserve information.
Read the methodology.
Track reports over time.
Examine asset composition.
Understand what the reserve ratio actually measures.
Consider security and custody risks separately.
Never rely solely on brand reputation.
This approach applies not only to Gate but to centralized exchanges across the industry.
The goal should not be to blindly trust or blindly distrust.
The goal should be to verify.
The Bigger Lesson
The crypto industry learned a painful lesson from FTX:
Size is not proof. Reputation is not proof. Marketing is not proof.
Evidence matters.
Gate's continued transparency reporting and its use of cryptographic verification mechanisms reflect the broader direction the industry needs to move toward.
Proof of Reserves cannot eliminate every risk associated with centralized custody.
But better reporting, stronger verification, and greater visibility can make it easier for users to understand the risks they are taking.
And that is ultimately what transparency should accomplish.
Not asking users to trust harder.
Giving users more information to verify.
Final Takeaway
The most important part of a transparency report is not a single impressive percentage.
It is the ability to create a consistent, understandable, and verifiable record over time.
Gate's reported reserve figures across multiple periods, together with its use of zk-SNARK-based verification within its Proof of Reserves framework, highlight an important trend in crypto:
The future of exchange trust should be built on evidence, transparency, and verification—not reputation alone.
For traders and investors, the message is simple:
Don't just trust. Verify.
@Gate_Square
#GateJulyTransparencyReportReleased

#Web3SecurityGuide Your Wallet Is Not the Target—Your Decisions Are
Web3 gives users something traditional finance rarely offers at the same level: direct control over digital assets.
But with that control comes responsibility.
In Web3, one wrong click, one malicious signature, one fake website, or one leaked Secret Recovery Phrase can turn a secure wallet into an easy target.
That is why Web3 security should not be treated as an advanced topic for developers only.
It is basic financial hygiene for every crypto user.
🔐 The Ultimate Web3 Security Guide
Before connecting your wallet to any website, minting an NFT, claiming an airdrop, approving a token, or signing a transaction, stop for a few seconds and ask:
Do I know exactly what I am signing?
If the answer is no, don't sign it.
1. NEVER Share Your Seed Phrase
Your Secret Recovery Phrase, also called a seed phrase, is effectively the master key to a self-custodial wallet.
Anyone who obtains it can potentially control the assets associated with that wallet. Legitimate wallet support should never need your seed phrase or private key.
Never send it through:
❌ Telegram
❌ Discord
❌ X/Twitter DMs
❌ Email
❌ WhatsApp
❌ Screenshots
❌ Cloud notes
❌ “Support” chats
If somebody asks for your seed phrase to “verify,” “unlock,” “recover,” or “secure” your wallet:
STOP.
It is a major red flag.
2. Verify the Website Before Connecting
One of the easiest ways to lose funds is interacting with a fake version of a legitimate Web3 application.
Scammers can copy:
• Logos
• Websites
• Social-media profiles
• Support accounts
• Airdrop announcements
• Token pages
• Wallet interfaces
Always verify the domain through an official source rather than clicking an unexpected link from a DM or random post.
A professional-looking website does not automatically mean it is legitimate. Phishing and spoofing attacks are specifically designed to look trustworthy.
3. Your Wallet Connection Is Not the Same as an Approval
This distinction is extremely important.
Connecting a wallet to a decentralized application does not necessarily mean you have given that application permission to move your tokens.
A token approval is a separate permission that can allow a dApp or contract to access and move a particular token from your wallet.
That's why users should carefully inspect approval requests.
Ask:
Which token?
How much?
Which contract?
Why does this dApp need it?
If the requested amount is unlimited and you do not understand why, stop and investigate.
Where supported, setting a limited spending allowance can reduce potential exposure.
4. Beware of “Free” Crypto
“Free” is one of the most powerful words scammers use.
Fake:
🎁 Airdrops
🎁 Giveaways
🎁 Mining rewards
🎁 Staking rewards
🎁 Presales
🎁 NFT claims
🎁 Recovery bonuses
🎁 Extremely high APYs
can all be used to lure users toward malicious websites.
A recent Chainalysis investigation highlighted approval phishing as an active threat, where victims can be socially engineered into signing transactions that give attackers permission to move tokens.
The rule is simple:
If the reward looks impossibly good, slow down before interacting.
5. Don't Blindly Sign Transactions
The most dangerous button in Web3 isn't always “Send.”
Sometimes it is:
Sign.
A signature or approval can authorize actions you may not fully understand.
Before confirming a transaction, check the wallet prompt carefully.
If the transaction details look unfamiliar, the contract is unknown, or the requested permission doesn't match what you intended to do:
Reject it.
A few seconds of hesitation can save years of savings.
6. Use Separate Wallets
One wallet does not have to do everything.
A practical setup can separate risk:
Long-term wallet:
For assets you intend to hold.
Trading wallet:
For regular DeFi and trading activity.
Experimental wallet:
For unfamiliar dApps, NFTs, testnets, and new protocols.
This approach limits the potential damage if an experimental interaction goes wrong.
The principle is simple:
Don't put your entire portfolio behind every connection.
7. Hardware Wallets Help—But They Are Not Magic
Hardware wallets can provide strong protection by keeping private keys more isolated from internet-connected environments.
But hardware security does not eliminate every risk.
A user can still be tricked into approving a malicious transaction.
Physical security, backup security, phishing awareness, and transaction verification still matter.
Self-custody doesn't remove risk.
It changes where the responsibility sits.
Recent incidents have also shown that hardware-wallet ecosystems can face risks beyond the device itself, including supply-chain and personal-data exposure.
8. Revoke Old Approvals
Connecting to many dApps over time can leave old token permissions active.
That creates unnecessary exposure.
Regularly review your wallet's token approvals and revoke permissions you no longer need, especially for dApps you no longer use.
Think of approvals like giving someone a key.
If they no longer need access:
Take the key back.
9. Never Trust “Support” DMs
This is one of the oldest and most effective crypto scams.
You post:
“My transaction is stuck.”
Someone replies:
“DM me, I can fix it.”
Then they ask you to connect to a website, provide information, or reveal your seed phrase.
That's the trap.
Legitimate support channels should be verified through the project's official website. MetaMask, for example, explicitly warns users that anyone requesting their Secret Recovery Phrase is attempting to scam them.
10. Secure Your Email and Main Accounts
Web3 security doesn't begin with the wallet.
It begins with your digital identity.
Use:
• Strong unique passwords
• Two-factor authentication where available
• A secure email account
• Device security
• Updated operating systems
• Screen locks
• Trusted browser extensions only
Your email can become a gateway to other accounts, so protecting it is part of protecting your crypto.
🧠 The Advanced Web3 Security Mindset
Security isn't about being paranoid.
It's about being difficult to trick.
Before every transaction, develop a habit:
STOP → VERIFY → UNDERSTAND → SIGN
STOP:
Don't react emotionally to urgency.
VERIFY:
Confirm the website, contract, account, and source.
UNDERSTAND:
Know what permission or transaction you're giving.
SIGN:
Only approve when everything makes sense.
This four-step process can dramatically improve decision-making.
🚨 Red Flags You Should Never Ignore
Be extremely cautious when someone tells you:
“Act now.”
“Limited-time claim.”
“Your wallet will be suspended.”
“Verify your account immediately.”
“Send crypto first to receive more.”
“Connect your wallet to unlock your reward.”
“Give me your seed phrase so I can recover it.”
“I'm official support—DM me.”
“Guaranteed profit.”
“Guaranteed APY.”
“Risk-free investment.”
These tactics rely on urgency, greed, fear, or authority.
When emotion rises, slow down.
📊 Why Web3 Security Matters More in 2026
The scale of crypto activity means attackers have increasingly valuable targets.
Chainalysis reported that more than $2.17 billion in cryptocurrency had been stolen from services by the middle of 2025, while personal wallet compromises accounted for a growing share of stolen-fund activity.
That means security is no longer only an exchange problem.
It is also a user problem.
The more valuable the ecosystem becomes, the more sophisticated the attacks can become.
Scammers are also becoming better at social engineering, impersonation, phishing, and approval-based attacks.
Technology is improving.
Unfortunately, the attackers are improving too.
🔥 The Biggest Web3 Security Mistake
The biggest mistake is thinking:
“It won't happen to me.”
Experienced traders can lose money.
Developers can get phished.
Whales can be targeted.
New users can be targeted.
One careless signature can matter more than years of successful trading.
Security therefore should not depend on experience alone.
It should depend on process.
🛡️ My Web3 Security Checklist
Before interacting with any new Web3 project:
✅ Verify the official website
✅ Check the exact domain
✅ Verify official social accounts
✅ Never share your seed phrase
✅ Never share private keys
✅ Understand every approval
✅ Avoid unnecessary unlimited allowances
✅ Check contract information where possible
✅ Separate long-term and experimental funds
✅ Review old token approvals
✅ Use strong account security
✅ Be suspicious of unsolicited DMs
✅ Never rush because of “limited-time” pressure
✅ Don't connect your main wallet to unknown dApps
✅ If something feels wrong, stop
🎯 Final Lesson: Your Wallet Is Only as Secure as Your Next Decision
Web3 security is not about predicting every possible attack.
It is about reducing unnecessary opportunities for attackers.
A secure wallet with careless signing habits can still be compromised.
A powerful security tool cannot protect someone who willingly gives away their seed phrase.
A legitimate dApp can still become dangerous if a user blindly approves a malicious contract.
The strongest security system is therefore a combination of:
Technology + Verification + Awareness + Discipline.
The Web3 ecosystem is moving toward a future where users have greater control over their assets.
But greater control comes with greater responsibility.
So before your next transaction, remember four words:
STOP. VERIFY. UNDERSTAND. SIGN.
Don't trust a link because it looks professional.
Don't trust a DM because it looks official.
Don't trust an offer because the numbers look attractive.
And never trust anyone with your seed phrase.
In Web3, security isn't a feature you turn on once.
It's a habit you practice every time you click “Confirm.”
#Web3SecurityGuide