Gate Research: Ethereum Foundation Outlines Vision for the Next Decade | SEC Announces Launch of "Project Crypto" Initiative

Crypto Market Overview

• BTC (-2.10% | Current price 115,947 USDT): BTC has fallen about 2.10% in the past 24 hours, forming a bearish candlestick pattern with a lower wick indicating limited buying support at lower levels. Technical analysis shows lower highs and lows confirming a downtrend, with selling pressure dominating. On July 31, BTC ETFs saw a net outflow of $114 million, with IBIT seeing an $18.6 million inflow, while FBTC recorded a $53.6 million outflow.
• ETH (-3.79% | Current price 3,715 USDT): ETH price has decreased by about 3.79% in the last 24 hours, with an RSI of 69.8, approaching overbought conditions, suggesting a possible short-term correction. The price is forming lower highs and lows, reflecting bearish market dominance, with the support level at 3,600 USDT likely to be tested. On July 31, ETH ETFs saw an inflow of $17 million, with BlackRock’s ETHA alone contributing an $18.2 million inflow and Fidelity’s FETH adding $5.6 million.
• Altcoins: Altcoins have shown a downward trend in the past 24 hours. The Fear and Greed Index currently stands at 65, indicating a slight decrease in investor optimism.
• Macro Environment: On July 31, the S&P 500 index fell 0.37% to 6,339.39 points; the Dow Jones Industrial Average dropped 0.74% to 44,130.98 points; and the Nasdaq Composite declined 0.03% to 21,122.45 points. As of August 1 at 3:00 (UTC), the spot gold price per ounce is $3,289, down 0.03% in the last 24 hours.

Trending Tokens

M MemeCore (+18.11%, Market Cap $615 million)

According to Gate.io data, the M token is currently priced at $0.390, up 18.11% in the last 24 hours. MemeCore is an Ethereum Virtual Machine (EVM) compatible Layer 1 blockchain that uses an innovative “Proof of Meme (PoM)” consensus mechanism 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 designed for the meme coin ecosystem, with its mainnet officially launched on February 12, 2025. Its goal is to create a playground where the community can 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. Firstly, M’s listing on mainstream exchanges has increased the token’s visibility and accessibility, attracting more investors and increasing trading volume. Secondly, MemeCore’s announcement of entering the Korean market through the acquisition of a KOSDAQ-listed company may have strengthened investor confidence and expanded market coverage.

IOTX IoTeX (+8.89%, Market Cap $210 million)

According to Gate.io data, the IOTX token is currently priced at $0.292, up 8.89% in the last 24 hours. The IoTeX platform, established in 2017, is an open-source blockchain project built specifically for Internet of Things (IoT) applications. The project aims to create a network where “humans and machines can interact in a privacy-protecting, trustless environment.” Additionally, the IoTeX ecosystem includes blockchain technology with secure hardware and computing, “enabling trusted data from trusted devices” for use in decentralized applications.

The main reason for IOTX’s price increase in the last 24 hours is a tweet from its official X account. The tweet mentioned that the White House has released its digital asset report based on Executive Order 14178, explicitly mentioning DePIN for the first time. Earlier this year, IoTeX traveled to Washington D.C. to meet directly with legislators, showcase actual hardware, and explain the importance of DePIN. DePIN is developing rapidly, with annual revenues exceeding $250 million and generating significant real-world impact, but still needs clear regulatory support. The crypto industry is finally gaining momentum in Washington, and now is the time to push further.

TFUEL Theta Fuel (+5.24%, Market Cap $277 million)

According to Gate.io data, the TFUEL token is currently priced at $0.039, up 5.24% in the last 24 hours. Theta is a “dual network” consisting of two complementary subsystems: the Theta blockchain and the Theta Edge Network. Theta’s proof-of-stake blockchain provides payment, reward, staking, and smart contract functionalities, while the edge network is responsible for computation, storage, and transmission for video streaming, AI tasks, and other scientific, simulation, and financial modeling use cases. There are two native cryptocurrencies on the Theta blockchain: THETA, used as a staking and governance token; and TFUEL, used as fuel for all transactions and on-chain smart contract interactions.

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

Alpha Insights

Ethereum Foundation publishes “lean Ethereum” article, outlining vision for the next decade

The Ethereum Foundation (EF) website has published an article titled “lean Ethereum,” written by EF researcher Justin Drake, outlining Ethereum’s development vision for the next decade. The main goals of this vision include: scaling base layer transactions (TPS) to 10,000 per second, layer 2 networks to 1 million per second, while maintaining decentralization and 100% uptime. Additionally, Ethereum will undergo major upgrades in consensus, data, and execution layers, including upgrading the beacon chain to version 2.0, introducing post-quantum era Block 2.0, and possibly building EVM 2.0 based on the open-source RISC-V instruction set. In terms of cryptography, the system will rely entirely on hash-based signatures, hash root data commitments, and native hash zero-knowledge virtual machines to achieve quantum computing resistance.

The “lean Ethereum” vision proposed by the Ethereum Foundation marks its far-reaching strategic layout in the blockchain technology field, aiming to build an efficient, scalable global distributed computing platform for the next decade by significantly improving transaction processing capabilities, strengthening decentralization features, and quantum resistance. This plan demonstrates Ethereum’s firm commitment to technological innovation and sustainable ecosystem development through comprehensive upgrades to consensus mechanisms, data storage, and execution environments.

SEC announces launch of “Project Crypto” initiative to promote US as global crypto hub

SEC Chairman Paul Atkins recently announced the launch of a commission-level initiative called “Project Crypto,” aimed at modernizing securities regulations to promote the on-chain transformation of US financial markets, responding to President Trump’s vision of making the US a “global crypto hub.” The initiative will focus on bringing crypto asset issuance back to the US, 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 initiative will also allow market participants to innovate through “super apps,” offering one-stop, single-license multiple products and services, and explore innovative exemptions to encourage emerging business models.

The launch of the SEC’s “Project Crypto” initiative marks a significant policy shift by US regulators in the blockchain and crypto asset space, aiming to enhance the US’s competitiveness as a global center for crypto innovation by modernizing securities regulations and promoting the on-chain transformation of financial markets. The initiative provides a more friendly regulatory environment for the crypto asset industry by establishing clear issuance and trading rules, promoting innovative exemptions, and supporting the “super app” model. Looking ahead, this move is expected to attract more crypto asset-related businesses back to the US, drive the deep integration of fintech and traditional finance, and help promote emerging business models globally.

Puffer Finance announces upgrade of Puffer UniFi AVS

Ethereum infrastructure protocol Puffer Finance has announced the upgrade of Puffer UniFi AVS. Built on EigenLayer and secured by over $13 billion in restaked ETH, Puffer UniFi AVS brings sub-second execution speed and economic consistency to Rollups through validator-backed gateways and real-time pre-confirmations. Puffer UniFi AVS offers: L2 execution pre-placement, millisecond-level transactions, enabling high throughput, and economic coordination between Rollup owners and Ethereum proposers.

Puffer Finance’s upgrade of UniFi AVS marks a significant breakthrough in performance and security for Ethereum Layer 2 solutions. By integrating restaking mechanisms with efficient validation gateways, it significantly improves Rollup transaction speed and economic synergy, providing better infrastructure support for decentralized applications. This upgrade demonstrates the continuous innovation of the Ethereum ecosystem in terms of scalability and user experience optimization. Looking ahead, the enhanced features of Puffer UniFi AVS are expected to drive the popularization of high-throughput, low-latency on-chain applications, further consolidate Ethereum’s leading position in the blockchain technology field, and provide technical support for diverse decentralized finance and business scenarios.

Gate Launchpool

Launchpool Details

• Project: MinoTari
• Token: WXTM
• Expiration date: August 8, 2025, 12:00 (UTC)
• Participation: Stake USDT or WXTM for free rewards
• Total Mining Rewards: 15,200,000 WXTM

Project Overview

Tari is a digital asset-focused blockchain protocol built in Rust, private by default, open-source, and being designed as a merge-mined sidechain to Monero. Tari enables creators to design new types of stories and experiences, where digitally scarce assets or collectibles will open up new business opportunities for creators. Tari is a dual-token, privacy-first blockchain that combines the PoW security of Minotari (XTM) with the layer-2 digital asset programmability of Tari tokens (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

Gate Research is a comprehensive platform offering in-depth blockchain and cryptocurrency research, including technical analysis, market reviews, trend forecasts, and macroeconomic insights.

Disclaimer
Investing in the cryptocurrency market involves high risk. Users are advised to conduct independent research and fully understand the nature of the assets and products before making any investment decisions. Gate is not responsible for any losses or damages arising from such investment decisions.