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- #Over 100 Companies Hold Over 830,000 BTC#
According to reports as of June 19, more than 100 companies collectively hold over 830,000 BTC, worth about $86.476 billion.
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#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
Cetus Proposes Onchain Vote to Return All Funds Lost in Exploit - Unchained
After Sui-based decentralized exchange Cetus suffered a $220 million exploit last week, it has now proposed a community vote to potentially return 100% of the frozen funds to affected users.
The protocol’s team proposed returning the funds using its cash and token treasuries, alongside a critical loan from the Sui Foundation, provided that the community approves the return of the locked funds via an upcoming onchain vote.
This story is an excerpt from the Unchained Daily newsletter
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Validators and SUI stakers have been encouraged to participate, with the team promising to begin recovery efforts regardless of the vote’s outcome
The proposal has, however, sparked debate within the Sui community about the balance between decentralization and user protection, with some arguing that such an intervention could undermine the network’s decentralized ethos.