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- 🏁 Gate Red Bull Racing Tour 2025 In Full Swing!
Up to now, the total trading volume exceeded $2 billion, with top trader trading volume nearing $200 million
Join the race now & fuel your trades for real-world rewards:
✅ 5,000 GT Prize Pool
✅ VIP Seat at an F1 Grand Prix
✅ Futures Vouchers for New Signups
Start your engines & trade fast
Top the leaderboards. The Race is ON!
👉 Go Now: www.gate.com/competition/f1rb/s1
#GateRedBullRacingTour# - 📢 Gate releases its latest Reserve Audit Report!
💰 Total reserves: $10.453B
🟢 Excess reserves: $1.96B — ensuring full coverage and extra security for user assets.
Gate continues to uphold 100% proof-of-reserves and full transparency.
🔗 Read the full report: https://www.gate.com/zh/announcements/article/45617
- Limited-Time Airdrop Is LIVE — Don't Miss Out!
Exclusive for new Gate users:
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🎯 Complete simple tasks to share a 3,000 GT reward pool!
Limited time, limited supply — first come, first served!
👉 https://www.gate.com/campaigns/1227
- #Gate Latest Proof of Reserves Reaches 10.453 Billion Dollars#
Gate has released its latest Proof of Reserves report! As of June 2025, the total value of Gate’s reserves stands at $10.453 billion, covering over 350 types of user assets, with a total reserve ratio of 123.09% and an excess reserve of $1.96 billion.
Currently, BTC, ETH, and USDT are backed by more than 100% reserves. The BTC customer balance is 17,022.60, and Gate’s BTC balance is 23,611.00, with an excess reserve ratio of 38.70%.The ETH customer balance is 386,645.00, and Gate’s ETH balance is 437,127.00, with an excess reserve
Gitcoin Co-founder: Grants Lab will close due to lack of a sustainable profit model.
Techub News reports that Gitcoin co-founder Kevin Owocki announced on social media that Gitcoin will close its main software development department, Grants Lab, and bid farewell to some of its outstanding team members. This is one of the toughest decisions since Gitcoin's inception. Key members of Grants Lab have successively left, and the team currently lacks a clear and sustainable profit model, resulting in its financial expenditures exceeding manageable limits.
Therefore, Grants Lab will no longer apply for the budget for the second half of 2025, and the remaining funds will be used to provide severance compensation for affected employees. Gitcoin stated that they will make every effort to support the transition of departing employees in a respectful and caring manner.