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Gate Research Institute: Ethereum Foundation Launches "Trillion Dollar Security" Phase Two | MetaMask Launches mUSD Stablecoin
Encryption Asset Panorama
BTC (-0.70% | Current Price 112,909 USDT)
BTC has fluctuated by 0.70% in price over the past 24 hours. BTC is currently in a consolidation phase, with trading indicators such as MACD and RSI being relatively neutral, showing no recent trending trading opportunities.
In addition, on August 21, BTC ETF saw an outflow of $194 million, of which IBIT issued by BlackRock had an outflow of $127 million, and ARKB issued by Ark Invest had an outflow of $43.3 million.
ETH (-0.42% | Current price 4,288 USDT)
ETH has fallen by 0.42% in the past 24 hours. After hitting a bottom of $4,000, ETH has shown a volatile upward trend over the past 2 days. The short-term resistance level for ETH is at $4,400.
On August 21, ETH ETFs saw an inflow of $240 million, with $233 million coming from the ETHA issued by BlackRock and $28.5 million from the FETH issued by Fidelity.
GT (+3.44% | Current Price 18.67 USDT)
In the past 24 hours, the price of the GT token has risen by 3.44%. From the candlestick chart, GT has shown a trend of increasing volume and price over several hours. The short-term resistance level for GT is at the $20 position.
Daily Price Fluctuation Tokens
Most tokens continued to decline yesterday. However, some small-cap tokens saw an increase, with MAT leading the entire encryption market with a rise of 67.73%. Tokens such as BIO, M, and PLUME also increased. Among the top 100 tokens, the median change in price for tokens over the past 24 hours decreased by 1.83%.
BIO Bio Protocol (+23.50%, circulating market cap 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 aimed at providing a decentralized support platform for global scientific research. Its core objective is to break down the barriers in traditional research funding models by utilizing blockchain technology to facilitate the flow of funding, resource sharing, and innovation incentive mechanisms in scientific research, thus promoting faster, more transparent, and efficient research progress. BIO Protocol combines the decentralized characteristics of blockchain with funding and governance in biomedical and scientific research, creating a brand new research ecosystem.
Recently, the price of the BIO token has increased mainly due to the announcement of the sale of Bio Protocol's first BioAgent (Aubrai), which has sparked 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 the M token is 0.44 USD, with a 24-hour increase of 3.31%.
MemeCore is a public blockchain 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, thereby 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 boosted investor confidence, driving speculative buying. The overall rebound in the altcoin market also provided support for prices.
PLUME Plume (+0.96%, circulating market value 222 million USD)
According to Gate.io market data, the current price of 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 with an emphasis on RWA, designed to simplify the tokenization of all types of assets through native infrastructure and unified RWAfi-specific features 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 builders to plug and play.
Recently, the increase in the Plume token is mainly attributed to LayerBank launching Leverage Looping Vaults on its platform, which, in conjunction with NestCredit, has improved 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 have further driven speculative buying.
Hot Spot Interpretation
MetaMask has launched the mUSD stablecoin, supported by cash and short-term U.S. Treasury bonds.
MetaMask announced the launch of MetaMask USD (mUSD) stablecoin on the Ethereum chain. Ajay Mittal, Vice President of Product Strategy at MetaMask, stated: "MetaMask USD is fully backed by cash and short-term U.S. Treasury bonds, which can generate returns. MetaMask benefits from these returns, which in turn allows us to enhance the user experience across the stack, with potentially lower costs and more seamless integration."
MetaMask's latest launch of a dollar-pegged encryption asset marks an important step in advancing the practical use of digital assets and deepening user services. This initiative not only enhances the value stability of the platform's ecosystem but also provides users with a more reliable underlying financial support. By combining traditional financial tools with decentralized services, this project further bridges the gap between real assets and the encryption ecosystem, making it possible for returns to feedback into product experience optimization, thereby improving the overall convenience and economy of operations.
BenFen public chain supports rapid issuance of RWA, allowing multiple physical assets to be put on-chain with one click.
The stablecoin payment public chain BenFen has officially announced in its major version upgrade that it supports one-click issuance and on-chain integration of RWA (real-world assets). This feature maintains a unified framework with the existing one-click stablecoin issuance, further enhancing BenFen's positioning as a "stablecoin + RWA infrastructure public chain." The new version optimizes the Move virtual machine and cross-chain engine, maintaining tens of thousands of TPS and sub-second confirmations, while providing underlying support for asset on-chain and compliant custody. Through built-in contracts and standardized processes, issuers can one-click map real assets such as real estate, bonds, and stocks to on-chain tokens, ensuring secure mapping of off-chain assets to on-chain vouchers in combination with custody, auditing, and KYC processes.
BenFen public chain has strengthened its support for the one-click on-chain and digitalization of real-world assets through the latest upgrade, establishing its key position as "stablecoin + RWA infrastructure" while maintaining high performance and enhancing compliance security and operational convenience. This progress will strongly promote the large-scale on-chain of real-world assets and the integration of DeFi with traditional finance, contributing to the construction of a more open and efficient global financial market. In the future, the asset issuance and management model is expected to undergo fundamental changes, providing investors with richer low-threshold allocation options while also promoting further development of blockchain compliance and cross-chain technology.
Ethereum Foundation launches the second phase of "Trillion Dollar Security"
The Ethereum Foundation announced the launch of the "Trillion Dollar Security" Phase Two plan, focusing on improving the user experience for wallet users. The plan involves enhancing wallet security, addressing the blind signature issue, and establishing a vulnerability database to prevent smart contract exploitations.
The Ethereum Foundation's "Trillion-Level Security" new phase plan systematically addresses issues such as blind signatures and smart contract vulnerabilities, significantly enhancing wallet security and user experience, and promoting the development of blockchain infrastructure towards a more reliable and user-friendly direction. In the future, this progress will accelerate the attraction of mainstream users and facilitate the application of digital assets in everyday scenarios, while establishing a key trust foundation for the large-scale implementation of Web3 through security collaboration and standardization.
Reference Materials:
[Gate Research Institute](https://www.gate.com/learn/category/research) is a comprehensive blockchain and encryption research platform that provides readers with in-depth content, including technical analysis, hot insights, market reviews, industry research, trend forecasts, and macroeconomic policy analysis.
Disclaimer Investing in the cryptocurrency market involves high risks. It is advised that users conduct independent research and fully understand the nature of the assets and products they are purchasing before making any investment decisions. Gate does not bear any responsibility for any losses or damages resulting from such investment decisions.