Gate Research Institute: Ethereum Foundation Overview of Development Vision for the Next Decade | SEC Announces Launch of "Project Crypto" Program

Crypto Market Overview

• BTC (-2.10% | Current Price 115,947 USDT): BTC has dropped approximately 2.10% in the past 24 hours, forming a bearish K-line pattern, with the lower shadow indicating limited buying support at low levels. Technical analysis shows that lower highs and lower lows confirm a downward trend, with selling pressure dominating. On July 31, BTC ETF experienced an outflow of 114 million USD, with IBIT inflowing 18.6 million USD and FBTC outflowing 53.6 million USD.
• ETH (-3.79% | Current Price 3,715 USDT): ETH has dropped approximately 3.79% in price over the past 24 hours, with an RSI of 69.8, nearing overbought, suggesting a potential short-term correction. The price has formed lower highs and lower lows, reflecting a bearish dominance in the market, with the support level at 3,600 USDT likely to be tested. On July 31, ETH ETF inflows totaled $17 million, with BlackRock's ETHA inflowing $18.2 million and Fidelity's FETH inflowing $5.6 million.
• Altcoins: Altcoins have shown a downward trend in the last 24 hours. The fear and greed index is currently at 65, indicating a decline in investor optimism towards the market.
• Macro: On July 31, the S&P 500 index fell 0.37% to 6,339.39 points; the Dow Jones index dropped 0.74% to 44,130.98 points; the Nasdaq index decreased by 0.03% to 21,122.45 points. As of August 1, 11:00 (UTC+8), the spot gold price is temporarily reported at 3,289 USD per ounce, with a 24H decline of 0.03%.

Trending Tokens

M MemeCore (+18.11%, circulating market value 615 million USD)

According to Gate.io market data, the current price of M token is $0.390, with a 24-hour increase of 18.11%.

MemeCore is a public blockchain (Layer 1) compatible with the Ethereum Virtual Machine (EVM), using 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 specifically designed for the meme coin ecosystem, and its mainnet officially launched on February 12, 2025. Its goal is to create a playground where the community can collaboratively build the future of Web3 through memes and decentralized applications.

The price increase of M in the last 24 hours may be related to several factors. First, the listing of M on mainstream exchanges has increased the visibility and accessibility of the token, attracting more investors and thereby increasing trading volume. Second, MemeCore announced its entry into the South Korean market by acquiring a KOSDAQ-listed company, a strategic move that may enhance investor confidence and expand market coverage.

IOTX IoTeX (+8.89%, circulating market cap 210 million USD)

According to Gate.io market data, the current price of the IOTX token is 0.292 USD, with an increase of 8.89% in the last 24 hours.

The IoTeX platform was established in 2017 and is an open-source blockchain project built specifically for Internet of Things (IoT) applications. The goal of the project is to create a network that allows "people and machines to interact in a privacy-preserving, trustless environment." Additionally, the IoTeX ecosystem includes blockchain technology with secure hardware and computation, enabling "trusted data from trusted devices" to be used for decentralized applications.

The main reason for the price increase of IOTX in the past 24 hours is a tweet posted on its official X account. The tweet states that the White House released its digital asset report based on Executive Order 14178, which explicitly mentions DePIN for the first time. Earlier this year, IoTeX went to Washington, D.C., to meet directly with lawmakers, showcase actual hardware, and elaborate on the importance of DePIN. DePIN is developing rapidly, with annual revenues exceeding $250 million, generating significant real-world impact, but it still requires clear regulatory support. The crypto market in Washington has finally gained momentum, and now is the time to push further.

TFUEL Theta Fuel (+5.24%, circulating market cap 277 million USD)

According to Gate.io market data, the current price of TFUEL token is $0.039, with a 24-hour increase of 5.24%.

Theta is a "dual network" composed of two complementary subsystems, namely the Theta blockchain and the Theta edge network. The Theta blockchain, which is based on a proof-of-stake mechanism, provides payment, rewards, staking, and smart contract functionalities, while the edge network is responsible for computing, storing, and transmitting video streams, AI tasks, and other scientific, simulation, and financial modeling use cases. There are two native encryption currencies on the Theta blockchain: THETA, used as a staking and governance token; TFUEL, used as the fuel for all transactions and on-chain smart contract interactions.

The price of TFUEL has risen in the last 24 hours mainly driven by the development of the Theta network ecosystem. The full launch of Theta EdgeCloud has enhanced network capabilities, attracting more users and developers, which may increase the demand for TFUEL.

Alpha Interpretation

The Ethereum Foundation published "lean Ethereum", outlining the development vision for the next decade.

The Ethereum Foundation (EF) official website today published an article titled "lean Ethereum," written by EF researcher Justin Drake, outlining the development vision for Ethereum over the next decade. The main goals of this vision include: expanding the base layer transaction count (TPS) to 10,000 per second, expanding the second layer network to 1 million per second, while maintaining decentralization and 100% uptime. Additionally, Ethereum will undergo significant upgrades in the consensus layer, data layer, and execution layer, including upgrading the beacon chain to version 2.0, introducing block 2.0 for the post-quantum era, and possibly building EVM 2.0 based on the open-source RISC-V instruction set. In terms of encryption, the system will rely entirely on hash-based signatures, hash root data commitments, and native hash zero-knowledge virtual machines to achieve quantum resistance.

The "Streamlined Ethereum" vision proposed by the Ethereum Foundation marks its profound strategic layout in the field of blockchain technology, aiming to build an efficient and scalable global distributed computing platform for the next decade by significantly enhancing transaction processing capabilities, strengthening decentralization features, and ensuring quantum resistance. This plan showcases Ethereum's firm commitment to technological innovation and ecological sustainability through a comprehensive upgrade of consensus mechanisms, data storage, and execution environments.

The SEC announced the launch of the "Project Crypto" initiative, aimed at making the United States a global crypto market hub.

SEC Chairman Paul Atkins recently delivered a speech announcing the launch of a committee-level initiative called "Project Crypto," aimed at modernizing securities regulations to promote the on-chain transformation of the U.S. financial markets, in response to President Trump's vision of making the U.S. a "global crypto hub." The plan will focus on bringing crypto asset issuance back to the U.S., establishing clear and concise rules for the issuance, custody, and trading of crypto assets, and updating existing regulations to accommodate on-chain software systems. Atkins stated that the plan would also allow market participants to innovate through "super apps," providing a one-stop, single-license offering of various products and services, and exploring innovative exemptions to encourage emerging business models.

The launch of the SEC's "Project Crypto" initiative marks a significant policy shift by U.S. regulators in the blockchain and encryption asset space, aimed at modernizing securities regulations to promote the on-chain transformation of financial markets and enhance America's competitiveness as a global center for crypto innovation. The plan aims to provide a more favorable regulatory environment for the encryption asset industry by establishing clear rules for issuance and trading, promoting innovation exemptions, and supporting the "super app" model. Looking ahead, this move is expected to attract more crypto asset-related businesses back to the U.S., facilitating the deep integration of fintech and traditional finance, and aiding the global promotion of emerging business models.

Puffer Finance announced that Puffer UniFi AVS has been upgraded.

Ethereum infrastructure protocol Puffer Finance announced that Puffer UniFi AVS has been upgraded. Puffer UniFi AVS is built on EigenLayer and is backed by over 13 billion dollars of restaked ETH, providing sub-second execution speed and economic consistency for Rollup through validator-supported gateways and real-time pre-confirmations. Puffer UniFi AVS offers: L2 execution presets, millisecond transactions, achieving high throughput and economic coordination between Rollup owners and Ethereum proposers.

The upgrade of Puffer Finance to UniFi AVS marks a significant breakthrough in the performance and security of Ethereum's Layer 2 solutions. By integrating a re-staking mechanism with an efficient validation gateway, it significantly enhances the Rollup transaction speed and economic synergy, providing better infrastructure support for decentralized applications. This upgrade demonstrates the continuous innovation of the Ethereum ecosystem in scalability and user experience optimization. Looking ahead, the enhanced features of Puffer UniFi AVS are expected to promote the adoption of high-throughput, low-latency on-chain applications, further solidifying Ethereum's leading position in the blockchain technology field and providing technical support for diverse decentralized finance and business scenarios.

Gate Launchpool

New Subscription Details

• Subscription Project: MinoTari
• Token Name: WXTM
• Deadline: August 8, 2025 20:00 (UTC+8)
• Participation method: Stake USDT or WXTM to receive for free
• Total airdrop amount: 15,200,000 WXTM

Project Introduction

Tari is a blockchain protocol centered around digital assets, built in Rust, which is privacy-focused, open-source by default, and designed to be a sidechain for merged mining with Monero. Tari enables creators to design new types of stories and experiences, with digitally scarce assets or collectibles opening up new business opportunities for creators. Tari is a dual-token, privacy-first blockchain that combines the PoW security of Minotari (XTM) with the second-layer digital asset programmability of the Tari token (XTR).
Reference:

• Gate, https://www.gate.com/trade/BTC_USDT
• Gate, https://www.gate.com/trade/ETH_USDT
• Farside Investors, https://farside.co.uk/btc/
• 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
• Ethereum Foundation, https://blog.ethereum.org/2025/07/31/lean-ethereum
• X, https://x.com/solidintel_x/status/1950960032016695709
• X, https://x.com/puffer_finance/status/1950948681517019196
• Gate, https://www.gate.com/announcements/article/46386

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 does not take responsibility for any losses or damages caused by such investment decisions.