Gate Research: Anchorage Digital and Ethena Labs Launch First GENIUS Compliant Stablecoin | WOO X Attacked, Loss Estimated at $14 Million

Crypto Market Overview

• BTC (-1.45% | Current Price: 117,202 USDT): BTC is currently in a consolidation phase. After a brief upward movement, the price has pulled back from 117,395.1 USDT to 117,176.1 USDT and is now testing support at 117,194.2 USDT. On July 24, BTC ETF saw a net inflow of $226 million, with BlackRock’s IBIT contributing $32.5 million and Fidelity’s FBTC contributing $106 million, showing that institutional funds continue to increase their Bitcoin allocations.
• ETH (+0.89% | Current Price: 3,675 USDT): ETH is in a high-level consolidation phase, fluctuating between 3,673.33 USDT and 3,690.60 USDT. In the short term, ETH has reached support at around 3,680 USDT and is showing signs of a rebound. Although it has not broken through the 3,690 USDT resistance, it could still test this level in the short term. On July 24, ETH ETF saw a net inflow of $231 million, with Fidelity’s FETH contributing $210 million.
• Altcoins: Most mainstream altcoins have experienced pullbacks. The Fear & Greed Index is at 70, remaining in the “greed” zone, indicating that market sentiment is positive, but caution is needed regarding potential over-enthusiasm.
• Macro: On July 24, the S&P 500 index rose 0.07%, closing at 6,363.35 points; the Dow Jones index fell 0.70%, closing at 44,693.91 points; the Nasdaq index rose 0.18%, closing at 21,057.96 points. As of 2:30 AM (UTC) on July 25, spot gold is priced at $3,366 per ounce, with a 24-hour decline of 0.08%.

Trending Tokens

VINE (Vine) (+51.9%, Market Cap: $59.96 million)

According to Gate data, VINE is currently priced at $0.05959, up about 51.9% in the last 24 hours. VINE is a token issued by Vine’s founder, Rus, based on the Solana blockchain, aiming to commemorate the spirit of unity and creativity. Vine, launched in June 2012 and later acquired by Twitter (now X), allows users to create and share short videos.

Following Elon Musk’s announcement on social media about the AI-powered relaunch of Vine, VINE surged, breaking the $0.08 barrier and reaching its peak, reflecting strong market attention toward the project’s revival.

MDT (Measurable Data Token) (+104.5%, Market Cap: $20.60 million)

According to Gate data, MDT is currently priced at $0.03412, up 104.5% in the last 24 hours. Measurable Data Token (MDT) focuses on data control and monetization through blockchain technology. Its RewardMe product allows users to earn rewards by contributing data while ensuring privacy by only processing aggregated anonymous data.

Recently, MDT launched RewardMe 2.0, which includes staking and cashback features. Additionally, MDT’s Q2 financial report showed a 5% increase in revenue, reaching $1.36 million, with user growth. This, combined with a surge in market interest, led to a rapid price increase, reaching $0.045, accompanied by record-breaking trading volume, indicating strong demand.

HYPER (Hyperlane) (+28.04%, Market Cap: $92.95 million)

According to Gate data, HYPER is currently priced at $0.51748, up 28.04% in the last 24 hours. Hyperlane is a permissionless blockchain communication protocol designed for seamless interoperability and data exchange between different blockchains. HYPER is used for staking to protect cross-chain communication and as a governance and reward mechanism.

The price of HYPER had been consolidating between $0.35 and $0.38, but with the upcoming release of Hyperlane Warp Routes 2.0 (HWR 2.0), the price broke through its long-standing consolidation zone. HWR 2.0 will enable liquidity extraction from collateral chains with native rebalancing functionality, facilitating faster bridging and integration across more blockchains. This new version is expected to significantly increase the utility and liquidity of Hyperlane, reflecting strong bullish momentum.

Alpha Insights

WOO X Platform Hacked, Losses Estimated at $14 Million, Full Compensation Promised to Affected Users

According to blockchain security agency Cyvers Alerts, WOO X trading platform recently suffered from multiple suspicious transactions involving BTC, ETH, BNB, and ARB networks, with estimated losses exceeding $12 million. On the Ethereum network, a suspicious address received $1 million USDT from WOO’s hot wallet, which was then converted into ETH. Additionally, around $7.3 million was transferred to a new address. After further investigation, WOO confirmed that the total loss amounted to $14 million. The platform has pledged to fully compensate affected users and is collaborating with external security teams and other exchanges to prevent further funds from being drained.

This attack highlights ongoing security concerns within the crypto industry. Despite the platform’s swift response and commitment to compensating victims, it has raised questions regarding its security protocols and operational transparency. With the collaboration of external teams, there is hope to enhance security measures to prevent future incidents. This event underscores the urgency for crypto exchanges to strengthen security safeguards.

Resolv Activates Protocol Fee Mechanism, Profits to Be Distributed to RESOLV Stakers

Resolv announced the activation of its protocol fee mechanism starting this month. Under the new measure, Resolv will begin charging protocol fees, with a portion of daily profits dedicated to long-term value creation and distributed to RESOLV token stakers. The fee will gradually increase, starting at 2.5% in week 1 and reaching up to 10% in week 4 and beyond. Fees will only be charged when the platform generates positive returns. In the event of no profits, no fees will be incurred.The generated revenue will primarily be used to drive the continued development of the Resolv ecosystem, including supporting new integrations in DeFi, fintech, and institutional sectors, funding ecosystem grants and product development, and driving buybacks and other token alignment strategies. Additionally, users will be able to track the use of protocol revenues through a dedicated transparent dashboard.

This fee mechanism aims to enhance the platform’s long-term value and reward stakers, thus improving user engagement and incentivizing growth in DeFi and fintech sectors. The gradual increase in fees reflects a prudent strategy that ensures both user participation and the system’s ongoing development. However, ensuring the transparency and proper use of these fees will be a key point of focus for users. If the platform can execute this effectively, it will build greater trust among its user base.

Anchorage Digital Partners with Ethena Labs to Launch First GENIUS-Compliant Stablecoin USDtb

Anchorage Digital announced a strategic partnership with Ethena Labs to launch USDtb, the first stablecoin compliant with the GENIUS Act. As the only federally chartered crypto bank in the U.S., Anchorage Digital will issue USDtb on its stablecoin platform, providing institutions with a compliant and secure way to access digital dollars. This collaboration marks a significant breakthrough in the digital asset industry and further accelerates the compliance process for U.S. Stablecoins.

The partnership signals a major step forward in stablecoin regulation, particularly under the GENIUS Act, and could set a new benchmark for the stablecoin market. For institutional clients, the launch of USDtb provides a regulatory-compliant stablecoin solution, bridging the gap between crypto markets and the mainstream financial system. As digital dollars continue to gain traction, this initiative could infuse new vitality into the global stablecoin market, particularly as traditional financial institutions transition to Web3, attracting more capital into the space.

Gate Launchpool

Token Sale Details

• Subscription Project: Elympics
• Token Name: ELP
• Subscription Time: Until August 14, 2025, 12:00 (UTC)
• How to Participate: Stake GT, ELP to receive free airdrop
• Total Airdrop Supply: 10,000,000 ELP

Project Introduction

Elympics is a multi-chain entertainment infrastructure designed to connect brands and IP with Web3, enabling millions to join the cryptocurrency world. It allows developers to easily build and deploy blockchain-based skill-based games across popular super apps, social platforms, and wallets.


References

• Gate, https://www.gate.com/trade/BTC_USDT
• Farside Investors, https://farside.co.uk/btc/
• Gate, https://www.gate.com/trade/ETH_USDT
• 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
• CoinGecko, https://www.coingecko.com/categories
• X, https://x.com/_WOO_X/status/1948422045760389330
• Resolv, https://resolv.xyz/blog/closing-the-loop-activating-resolv-s-protocol-fee
• Business Wire, https://www.businesswire.com/news/home/20250723391461/en/Anchorage-Digital-Partners-with-Ethena-Labs-to-Launch-the-First-GENIUS-Compliant-Federally-Regulated-Stablecoin
• Gate, https://www.gate.com/launchpool/ELP?pid=345

Gate Research is a comprehensive blockchain and cryptocurrency research platform that provides deep content for readers, including technical analysis, market insights, industry research, trend forecasting, and macroeconomic policy analysis.

Disclaimer
Investing in cryptocurrency markets involves high risk. Users are advised to conduct their own 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 decisions.