Topics of Crypto World

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.

Trading Card Games (TCG) have evolved over more than thirty years since the launch of Magic: The Gathering in the early 1990s. They have become a global industry that integrates entertainment, collection, and investment. Today, the cumulative circulation of trading cards has reached tens of billions, and the worldwide community of enthusiasts continues to expand.

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.

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.

The article examines the key success drivers behind leading platforms like Hyperliquid, Aster, and Avantis, while also offering an in-depth overview of other promising Perp DEX platforms such as Lighter, edgeX, and Paradex.

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 article provides a detailed analysis of several DeFi protocols, including Hyperliquid, Ethena, Maker, and Frax, showing how they leverage native stablecoins or innovative mechanisms to recycle revenues into buybacks, ecosystem funding, and user incentives.

The article not only traces the development of similar platforms such as Facebook, Twitter, and Roblox—revealing their transformation from being questioned to becoming global cultural infrastructure and sources of wealth—but also provides a detailed analysis of Pump.fun’s potential and innovations in the live-streaming space.

On Sept 24, BTC traded at $112,462 with weak rebound momentum; ETH recovered to $4,192 under mid-term pressure; GT hovered at $16.27 in consolidation. The market stayed cautious. Hot tokens saw strong inflows: SVL surged 61.17%, BARD rose 47.33%, and HEMI gained 53.20%. On the macro side, Vitalik highlighted full-stack openness and verifiability, Tether reportedly seeks up to $20B funding at a $500B valuation, and Seedify suffered a hack, spotlighting cross-chain bridge risks.

Gate, a global leading digital asset trading platform, announced that its Launchpad will be the first to launch Plasma (XPL) as its 4th project, with subscription opening soon.

This report summarizes Web3 industry funding in August 2025. A total of 112 deals were completed, with total funding reaching $2.05 billion, marking a clear decline from previous periods. CeFi once again demonstrated strong capital absorption, infrastructure and mid-sized growth projects received steady support, while application-layer projects faced accelerated elimination. With the emerging trend of “on-chain reserve assetization” and institutional capital increasingly concentrated in Series B and strategic rounds, the Web3 industry is entering a more stable, diversified, and sustainable growth stage. The report also highlights major funding cases, including SuperGaming, Multipli, BOB, HoneyCoin, and Perle.

Web3 and AI are converging to create the next wealth-generation window. This article presents 11 high-potential projects, featuring AI research assistants, decentralized cloud computing power platforms, hardware-based yield products, and agent deployment hubs. Covering a range of sectors from AI models and computational resources to ecosystem collaboration, these selections position you to seize the next major opportunity as market sentiment stabilizes.

Vitalik suggested that “low-risk DeFi” could become a cornerstone application in the Ethereum ecosystem, much like Google Search is to the internet. The article argues that use cases such as fully collateralized lending, stable payments, and synthetic assets can provide sustainable value and cultural identity for ETH without relying on extreme speculation, making this an important direction that balances both economic benefits and community spirit.

This article examines the competitive dynamics and liquidity structures of centralized exchanges (CEXs) to identify growth opportunities for decentralized perpetual contract exchanges (Perp DEXs). The article analyzes the key differences between the Central Limit Order Book (CLOB) and AMM-based perpetual contract models, focusing on market structure, price discovery, liquidity aggregation, and asset listing strategies as the basis for comparison. Under current market conditions, Perp DEXs are gaining prominence and are well-positioned to capitalize on emerging structural opportunities.