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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
Institution: Australia is expected to begin cutting interest rates in February.
According to Shane Oliver, Chief Economist of Australia's AMP Financial Service, the Reserve Bank of Australia is expected to start cutting interest rates in February. He said that the money market indicates a 69% probability of a rate cut in February. Oliver stated that the Reserve Bank of Australia should start cutting rates no later than May and is expected to have at least three cuts by 2025. He said, 'It should be noted that although Trump's policies may increase US inflation and interest rates, they have ambiguous or even potentially negative effects on Australia's rise and inflation.' Oliver added that the new committee is unlikely to change the interest rate path from March onwards.