Topics of Crypto World

Tether has launched a new compliant stablecoin, USAT, fully adhering to the requirements of the GENIUS Act: its reserves consist entirely of cash and short-term U.S. Treasuries, it undergoes independent monthly audits, and it is managed by a U.S.-regulated custodian. The goal of USAT is to provide institutional users with transparency and legitimacy, while retaining the flexibility and widespread adoption that USDT enjoys in global markets.

The HYPE token of Hyperliquid has recently experienced a sharp decline, which is believed to be linked to the rise of emerging DEX tokens such as Aster. The article reveals that starting in November, approximately 237.8 million HYPE tokens will be unlocked, creating significant supply pressure, while the buyback program can only cover about 17%. Amid intensifying competition and shifting market sentiment, this could accelerate the token’s price correction.

A bold proposal from Jon and Hasu in the Hyperliquid community is generating significant discussion. The plan calls for burning roughly 45% of the total HYPE supply and reducing the FDV (Fully Diluted Valuation) to align more closely with circulating market capitalization. It also proposes eliminating the predefined future allocation for “Community Rewards & Reserve Pool” to make the token more attractive to institutional investors.

While airdrop strategies in Web3 can rapidly boost user growth and on-chain activity, most struggle to remain sustainable: around 88% of airdropped tokens lose significant value within three months of distribution. Drawing on empirical data across DeFi, NFTs, and Layer-2 networks, this article highlights the disconnect between airdrop hype and retention or community loyalty, and explores which design choices can enable airdrops to deliver genuine long-term ecosystem value.

Gate, one of the world's leading crypto exchanges, announced two major initiatives: the official launch of its proprietary high-performance Layer 2 network, Gate Layer, and a comprehensive upgrade of the tokenomics and ecosystem mechanisms of its native token, GT (GateToken). The move aims to deliver a faster, lower-cost experience for Web3 users while marking a new milestone in Gate's infrastructure and ecosystem development.

Gate Research Weekly Report: This week, BTC declined by 1.99% and ETH dropped by 7.69%, while some DeFi sectors saw gains against the trend. The crypto market experienced its largest liquidation event of the year, with $1.8 billion wiped out. Gate launched its Gate Layer L2 network, marking a full-scale upgrade to the GT ecosystem and its deflationary mechanism. The Ethereum Fusaka upgrade focuses on data availability and security, with PeerDAS ushering in a new era of Layer 1 scalability. Meanwhile, SUI Group revealed a major SUI token holding and stock buyback, demonstrating strong capital reserves and market confidence.

Bless is committed to establishing a decentralized edge computing network that deploys CPU and GPU resources to nodes near end users, enabling low-latency and highly efficient performance. This architecture is especially advantageous for advanced applications like artificial intelligence, machine learning, and data analytics.

Gate Research Daily Report: On September 25, BTC and ETH remained in a consolidation phase, while small- and mid-cap tokens saw notable moves. IN surged over 70% following the launch of its strategy automation product, attracting strong capital inflows. FLUID and SNX rose 28% and 25%, respectively, driven by TVL growth, token buyback plans, and perpetual incentive programs. Gate introduced its Layer 2 network, Gate Layer, marking a comprehensive upgrade to the GT ecosystem and its deflationary mechanism. Meanwhile, the crypto market experienced its largest liquidation event of the year, triggered by excessive leverage and cascading sell-offs. SUI Group revealed a heavy position in SUI and a stock buyback plan, signaling strong capital backing and market confidence.

The article details Pyth Pro’s core capabilities and benefits. It also examines how the platform delivers a transparent, comprehensive, and cost-effective market data solution to institutions.

The article offers an in-depth examination of Figure's team background, technology architecture, market positioning, and the challenges and opportunities confronting the company.

The article analyzes how stablecoins can temporarily ease U.S. fiscal constraints and strengthen the dollar’s dominance, while pointing out that in the long run, their impact depends on the soundness of U.S. fiscal and monetary policies.

This article examines the past several years of traditional venture capital firms—such as Sequoia and IDG—entering the Web3 sector with enthusiasm, making fervent bets, and then pulling back. It analyzes how capital allocation has transitioned from the “crypto frenzy” toward areas like AI, stablecoins, and Real World Assets (RWA), and explores both the present challenges and emerging opportunities facing the primary market.

Reports indicate that South Korean tech giant Naver is set to acquire Dunamu, the parent company of Upbit, via a share swap. This share swap will make Dunamu a subsidiary of Naver. Upon completion, Naver would gain control of South Korea’s largest crypto exchange. This will enable Naver to build an integrated digital finance ecosystem, encompassing payments and trading.

Aster's Season 2 airdrop pool accounts for 4% of the total supply. This equals roughly 320 million ASTER tokens, with a total value of more than $700 million. The article offers a detailed analysis of airdrop scoring strategies, such as hedged arbitrage, capturing funding rate opportunities, earning USDF/asBNB deposit returns, and leveraging the team multiplier system. It warns readers about the risks of volume manipulation. The article also highlights the possibility of rule changes.

Discover the latest insights from Gate Ventures’ weekly crypto recap for August 18, 2025 — covering market trends, investment highlights, ecosystem updates, and the key developments shaping the blockchain and digital asset industry.