#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
Musk shares his first entrepreneurial experience: he once created the first internet map and lived in the office when he had no money.
Gate News bot news, based on a video clip shared by encryption KOL DogeDesigner on X, Elon Musk shared his experience of founding his first company:
"In 1995, I wrote the first, or what is close to the first, map, routes, white pages, and yellow pages on the Internet. I wrote everything myself and did not use a web server. I read directly from the port because I couldn't afford a T1."
Our first office was in Palo Alto. There was an ISP (Internet Service Provider) downstairs. So I dug a hole in the floor and connected the network cable directly to the ISP. My brother and another co-founder who has since passed away also joined us. At that time, we couldn't even afford a place to live; the office rent was $500 a month. So we lived in the office and took showers at the YMCA.