Gate Research Institute: Kanye's issuance of YZY Token sparks controversy | stake ETH, ARIA leads Airdrop

Crypto Market Overview

• BTC (-0.48% | Current Price 113,078 USDT): After experiencing a decline in the previous days, the BTC price entered a consolidation phase on August 22, and with the trading volume rapidly decreasing, it may continue to move sideways in the short term. On August 21, BTC ETF saw an outflow of 194 million USD, with 127 million USD flowing out from the IBIT issued by BlackRock and 43.3 million USD from the ARKB issued by Ark.
• ETH (1.02% | Current Price 4,334 USDT): The price of ETH has resumed its upward trend after a brief correction, receiving strong support in the range of 4,083-4,299 USD, indicating stable buying power. If it can stabilize above 4,300 USD, it is expected to launch further towards 4,400 USD. On August 21, ETH ETF inflows reached 240 million USD, with 233 million USD coming from the ETHA issued by BlackRock and 28.5 million USD from the FETH issued by Fidelity.
• Altcoins: Most mainstream altcoins have seen slight declines, with market sentiment predominantly "neutral" or "buying". The Fear and Greed Index reported 50 today, indicating a return to normal levels, suggesting that market sentiment has cooled compared to previous overheating.
• Macro: On August 21, the S&P 500 index fell by 0.40%, reporting at 6,370.17 points; the Dow Jones index fell by 0.34%, reporting at 44,785.50 points; the Nasdaq index fluctuated by 0.34%, reporting at 21,100.31 points. As of August 21, 10:50 AM (UTC+8), the spot gold price per ounce is currently reported at 3,334.98 USD, with a 24H decline of 0.11%.

Trending Tokens on Juejin

BIO Bio Protocol (+23.50%, circulating market value 313 million USD)

According to Gate.io market data, the current price of the BIO token is $0.188, with a 24-hour increase of 23.50%.

BIO Protocol is a decentralized science (DeSci) protocol designed to provide a decentralized support platform for global scientific research. Its core goal is to break down the barriers in traditional research funding models, enabling the flow of funds, resource sharing, and innovation incentive mechanisms in scientific research through blockchain technology, thereby promoting faster, more transparent, and more efficient research progress. BIO Protocol combines the decentralized characteristics of blockchain with funding and governance in biomedical and scientific research to create a brand new research ecosystem.

Recently, the price of the BIO token has risen mainly due to the sales announcement of Bio Protocol's first BioAgent (Aubrai), which has stimulated community engagement and market expectations for ecological expansion. Users can participate in the sale by staking BioXP and investing in BIO, while the upcoming listing of AUBRAI further attracts speculative buying. The popularity of the DeSci track and the optimistic sentiment surrounding recent proposals have also contributed to the price increase.

M MemeCore (+3.31%, circulating market cap 467 million USD)

According to Gate.io market data, the current price of M token is $0.44, with a 24-hour increase of 3.31%.

MemeCore is a public chain compatible with the Ethereum Virtual Machine (EVM), utilizing an innovative "Meme Consensus Mechanism (PoM)" to maintain network security. Users can delegate their meme coins to nodes for staking in a multi-chain environment, enhancing network stability and earning dual block rewards. MemeCore is building the first Layer 1 blockchain specifically designed for meme coins, providing a complete infrastructure, security mechanisms, and incentive systems to support the next generation of meme-driven assets. It introduces a unique "Meme Consensus Mechanism (PoM)" that allows users to stake meme coins to maintain network security, earn dual rewards, and promote the development of a community-centric ecosystem.

Recently, the rise in the price of M tokens is mainly attributed to the high participation in the MemeX Liquidity Festival, which attracted a large trading volume and triggered short-term liquidations. The strategic enhancement of the Asian market has boosted investor confidence, driving speculative buying. The overall recovery of the crypto market has also provided support for prices.

PLUME Plume (+0.96%, circulating market cap 222 million USD)

According to Gate.io market data, the current price of the PLUME token is $0.08, with a 24-hour increase of 0.96%.

Plume is a fully integrated modular Layer 2 focused on RWAfi. They have built the first modular, composable EVM-compatible chain centered around RWA, aimed at simplifying the tokenization of all types of assets through native infrastructure and a unified RWAfi-specific functionality across the entire chain. Plume is building a composable DeFi ecosystem around RWAfis, featuring an integrated end-to-end tokenization engine and a network of financial infrastructure partners for plug-and-play builders.

Recently, the rise of Plume tokens is mainly attributed to LayerBank launching Leverage Looping Vaults on its platform, which, in integration with NestCredit, enhances the convenience and scalability of RWA yield strategies, attracting market attention. The high liquidity following its listing on Binance and the continued popularity of the RWA sector further fueled speculative buying.

Alpha Interpretation

Ripple partners with SBI to launch RLUSD stablecoin in Japan in 2026.

Ripple and SBI Holdings announced the launch of Ripple USD (RLUSD) stablecoin in Japan, targeting the emerging stablecoin market in Japan. The two parties have signed a memorandum of understanding, with SBI VC Trade acting as the distributor, planning to launch RLUSD in Japan in the first quarter of 2026, leveraging the new regulatory framework to promote the development of digital financial infrastructure.

RLUSD is the first stablecoin project launched by Ripple in December 2024, fully backed by US dollar deposits, short-term government bonds, and cash equivalents, with monthly audit reports provided by a third-party institution. Ripple states that this structure offers clear regulatory compliance and institutional-grade standards, which is expected to make RLUSD stand out in the crypto market.

Kanye's issuance of YZY tokens has sparked controversy, with several insiders profiting millions.

YZY Money, a Solana memecoin under Ye (formerly Kanye West), was released this Thursday, with its price soaring nearly 6,800% in a short time, peaking at $3.16, and once estimated to have a market capitalization of around $3 billion. However, it quickly fell below $1, showing extremely high speculation. The token has only 20% available to the public, 10% for liquidity, and 70% held by Yeezy Investments LLC, locked for 24 months, along with a mechanism to prevent pump-and-dump schemes with 25 contract addresses. However, on-chain data still shows instances of internal wallets gaining prior knowledge of contract addresses and executing operations.

Analysis indicates that some internal wallets made large purchases and sales immediately after going live, with a single investor profiting over 1.5 million dollars. YZY launched with a unilateral liquidity pool and did not pair with USDC, allowing developers or large holders to freely increase or decrease liquidity, which increased the risk for retail investors. This event is considered similar to the previous attempt by the Ye team to imitate the model of the Trump TRUMP token, reigniting concerns in the market about the fairness of celebrity endorsement tokens and potential "insider trading."

User signed a false Uniswap trading application, resulting in a loss of approximately 1 million dollars.

According to Odaily Planet Daily, a user recently signed a phishing bulk transaction request disguised as a Uniswap swap transaction, resulting in approximately $1 million worth of tokens and NFTs being stolen. The attacker used a highly realistic Uniswap trading interface to lure the user into signing the transaction unknowingly, thereby embedding malicious code or obtaining authorization, which directly led to the transfer of assets. This type of attack method shows that there are still significant risks regarding the interface security of DeFi trading platforms and user signing behavior.

Analysts point out that this incident serves as a reminder to users that while decentralized financial transactions eliminate intermediaries, it is crucial to exercise extra caution when signing transactions. Users should ensure they use official links, carefully check the content of signing requests, and combine safety measures such as hardware wallets or multi-factor authentication to prevent significant losses from malicious contracts or phishing requests. Furthermore, this incident highlights the importance of contract transparency and security education in the DeFi ecosystem, and platforms and communities need to further strengthen risk alerts and protective mechanisms.

Gate Launchpool

New Subscription Details

• Subscription Project: Aria
• Token Name: ARIA
• New listing time: until August 24, 2025, 21:00 (UTC+8)
• Participation method: Stake ETH or ARIA to receive for free
• Total airdrop: 625,000 ARIA

Project Introduction

AriaAI is a next-generation game development and publishing experiment inspired by Disney-style immersive worlds and AI technology, designed around gameplay related to its own IP. It represents a significant leap in bringing Web2 quality game design and publishing standards (combined with AI execution) into the Web3 era.
Reference:

• Gate, https://www.gate.com/trade/BTC_USDT
• Farside Investors, https://farside.co.uk/btc/
• Gate, https://www.gate.com/trade/ETH_USDT
• Farside Investors, https://farside.co.uk/eth/
• Gate, https://www.gate.com/crypto-market-data
• Investing, https://investing.com/indices/usa-indices
• Investing, https://investing.com/currencies/xau-usd
• CoinGecko, https://www.coingecko.com/categories
• Defillama, https://defillama.com/revenue/chain/solana
• Odaily, https://www.odaily.news/zh-CN/newsflash/444552
• Coindesk, https://www.coindesk.com/markets/2025/08/21/insiders-cash-in-millions-as-ye-formerly-kanye-west-apparently-issues-yzy-token
• Gate, https://www.gate.com/launchpool/BSU?pid=355

Disclaimer Investing in the crypto market involves high risks, and users are advised to conduct independent research and fully understand the nature of the assets and products being purchased before making any investment decisions. Gate is not responsible for any losses or damages resulting from such investment decisions.