#TopContentChallenge#  Being a Gate io Member is a Privilege.
Cryptocurrency exchange Gate, the leading crypto exchange and the only address of trust among cryptocurrency exchanges, has published its August proof of reserve report.
Total reserve: 12.02 billion USD
Total Reserve Ratio: 123.98%
Excess Reserve: 2.32 billion USD
Gate Total Reserves
$ 12,020,437,687
Aside from $BTC, $ETH, and $USDT, the reserve ratios of assets such as $GT, $DOGE, and $XRP have all exceeded the 100% reserve benchmark
A centralized trading platform must maintain a ledger to record user assets in a database. Platf

#TopContentChallenge#  What happened today? Why did BTC rise? What's the situation with EFH and XRP?
Bitcoin reached an all-time high (ATH) of $124,128.
The cryptocurrency market continues its upward trend. Bitcoin is priced just below $122,000, while the total cryptocurrency market capitalization stands at $4.23 trillion.
Notable developments in cryptocurrencies over the last 24 hours
The optimism in the crypto markets, fueled by positive US CPI data, continues. The total cryptocurrency market capitalization increased by 2.8 percent in the last 24 hours, reaching $4.23 trillion. Having reached

#ETH Countdown To A New High#  Despite record transaction traffic on Ethereum, revenues are declining sharply.
Transactions are increasing as Ethereum moves toward its $5,000 target. However, increased competition is reducing network revenue and user interest.
According to data, Ethereum's (ETH) average daily transaction count is near all-time highs, with over 1.7 million transactions recorded on Tuesday.
For comparison, Ethereum's second-layer networks, Arbitrum and Base, recorded 3.4 million and 8.6 million transactions, respectively, according to The Tie, while rival first-layer blockchain A

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#BTC Hits New ATH#  Bitcoin at a New All-Time High – What's the Bulls' Next Target?
Bitcoin's price has entered uncharted territory, reaching a new all-time high above $124,000. BTC is up almost 8% in the past week.
This move comes as a significant on-chain shift favors the bulls. Aggressive buying in perpetual futures has been increasing for days. However, this time, the bulls may aim to break beyond the current all-time high, as a significant development has favored Bitcoin's price action.
Miner Reserves Retreat, Selling Pressure Easing
Earlier this month, miner reserves rose from 1,806,790 B

#BTC Hits New ATH#  Bitcoin hit a record high on its way to $125,000 amid liquidation expectations.
The price of Bitcoin (BTC) reached a new all-time high on Wednesday, exceeding $124,547.
Bitcoin's surge to new highs came a day after July's US CPI data showed annual inflation remaining at 2.7 percent. This rate was the same as in June and below the 2.8 percent forecast. The data showed the overall CPI rose 0.2 percent, compared to a 0.3 percent increase in June.
Following the report's release, the CME FedWatch tool showed that the probability of a rate cut at the Federal Reserve meeting in Sep

#Crypto Market Cap Hits ATH#  XRP Whales' $3.8 Billion Accumulation Could Push the Price to a New All-Time High.
XRP has experienced price fluctuations in recent days, with a slight decline observed. However, the cryptocurrency remains positioned near key resistance levels, and whales continue to accumulate XRP despite a potential market top.
While the possibility of reaching the all-time high (ATH) remains strong, current market conditions could pose challenges to further gains.
XRP Investors Remain Bullish
XRP faces a potential market top with over 95% of its circulating supply in profit. His

#Crypto Market Cap Hits ATH#  Stellar (XLM) Poised for a Bullish Crossover: $70 Million in Short Positions at Risk.
Stellar XLMUSD has been experiencing a recent price surge thanks to bullish investor sentiment in the cryptocurrency market. This rise has also generated positive momentum in technical indicators.
XLM's price is showing signs of further strength, and investors are wondering if the altcoin can continue its upward trend.
Stellar Has Recovery Potential
The Moving Average Convergence Divergence (MACD) indicator is signaling a potential bullish crossover for XLM. The MACD histogram has

#PROVE Creative Contest#  The Succinct Prover Network is a protocol that provides a decentralized and affordable zero-knowledge proof infrastructure for all types of software. The protocol's main network asset is the PROVE coin.
The Succinct Prover Network, or Succinct, is the first decentralized protocol to globalize proof generation within the blockchain ecosystem. Thanks to the zero-knowledge virtual machine called SP1, developers can generate proofs just like writing regular code, without requiring complex cryptography knowledge. The network simultaneously ensures efficiency and durability