📢 Gate Square Exclusive: #WXTM Creative Contest# Is Now Live!
Celebrate CandyDrop Round 59 featuring MinoTari (WXTM) — compete for a 70,000 WXTM prize pool!
🎯 About MinoTari (WXTM)
Tari is a Rust-based blockchain protocol centered around digital assets.
It empowers creators to build new types of digital experiences and narratives.
With Tari, digitally scarce assets—like collectibles or in-game items—unlock new business opportunities for creators.
🎨 Event Period:
Aug 7, 2025, 09:00 – Aug 12, 2025, 16:00 (UTC)
📌 How to Participate:
Post original content on Gate Square related to WXTM or its
Fed lowers interest rate expectations, Syria plans to establish a Bitcoin banking system
Attention Value Market Highlights
Macroeconomic Environment
Goldman Sachs adjusts its forecast for the Federal Reserve's interest rate cuts, with a clear trend of falling inflation.
Recently, a report showed that a large investment bank adjusted its interest rate cut forecast for the Federal Reserve, lowering its expectation for this year's rate cuts from 100 basis points to 75 basis points. The report pointed out that claims regarding a rebound in underlying inflation may have been exaggerated. Data shows that core Personal Consumption Expenditure (PCE) inflation had an annualized increase of 2.5% from September to November last year, slightly higher than the 2.3% in the previous three months, but still lower than the 2.8% year-on-year increase, reflecting a continued downward trend in inflation.
In addition, the revised average PCE inflation data from a certain Federal Reserve branch shows that the annualized PCE inflation from September to November last year was 2.4%, with the inflation rate in November dropping to 1.8%. As the labor market gradually tightens, the annual wage growth rate has slowed to 3.9%, within the range of 3.5% to 4%. Analysts believe that if productivity growth in the coming years stays between 1.5% and 2%, it will align with the 2% inflation target.
Web3 Field
The U.S. delays the implementation of cryptocurrency tax reporting rules.
The U.S. tax authorities have postponed the implementation date for cryptocurrency tax reporting rules to December 31, 2025, to give brokers more time to address legal and regulatory challenges. Reportedly, the tax authorities have also issued a temporary relief measure, which is expected to benefit cryptocurrency holders on centralized finance (CeFi) trading platforms in 2025.
The new regulations require the use of the First-In-First-Out ( FIFO ) accounting method for crypto assets starting from January 1, 2025, unless the Highest-In-First-Out ( HIFO ) or Specific Identification ( Spec ID ) methods are chosen. This decision provides industry participants with more preparation time and helps ensure the smooth implementation of tax rules.
Hot Events
The Syrian organization proposed to establish a banking system based on Bitcoin.
A Syrian research institution recently called on the new government to consider establishing a banking system based on the Bitcoin network and related technologies. The institution noted in its policy proposal that such a system is crucial for accelerating national reconstruction and protecting the public from the effects of inflation and currency devaluation.
The proposal, known as the "Syria Bitcoin Policy", aims to provide new solutions for the country facing economic difficulties. Since taking office in December 2024, the new president has been striving to seek international recognition to obtain reconstruction funds. The agency emphasizes that the government should establish a comprehensive regulatory framework to legalize the trading and mining of Bitcoin and other digital assets, thereby promoting the recovery of the Syrian economy. In addition, the proposal suggests digitizing the Syrian currency and considering support with assets including US dollars and Bitcoin.
Ethereum News Weekly announces shutdown
The Ethereum News Weekly (, abbreviated as WiE), announced by its founder on social media that WiE will officially cease operations on January 1, 2025. He stated that this decision stemmed from a conversation with the leadership of the Ethereum Foundation ( EF), during which it was indicated that EF's perception of WiE's value has clearly diminished, and it only provided symbolic financial support in 2024.
The founder mentioned that, despite the opportunity to continue operations through fundraising, he prefers to focus on other meaningful projects. He also pointed out that WiE has failed to find a sustainable business model, and that advertising and sponsorship revenue are difficult to maintain. Furthermore, he emphasized the issues present in the Ethereum ecosystem, specifically the overemphasis on code development and research, while neglecting other important contributions.
The Elon Musk renaming incident triggered fluctuations in the cryptocurrency market.
A few days ago, well-known entrepreneur Elon Musk changed his account name to "Kekius Maximus" on a social media platform and used a popular internet culture image as his profile picture, sparking widespread attention in the online community. However, he has recently restored the account name and changed the profile picture back to a personal photo.
Musk's move had a significant impact on the cryptocurrency market, especially for a certain token that shares its name with his new title, which experienced extreme price fluctuations in a short period. Although Musk did not directly mention his relationship with the token, his social media activities often have a strong influence on the cryptocurrency market. After he changed his name, the token's price dropped to one-fourth of the previous day's peak level, demonstrating that the market is highly sensitive to his dynamics.
Hot Projects
T3AI - DeFi network protocol combined with AI
T3AI is a DeFi network protocol that combines AI, built using the Solana Agent tool. The project aims to address the problems of leveraged investment and limited asset utilization caused by the need for excessive collateral in the DeFi ecosystem. T3 introduces a dedicated AI agent as a trusted intermediary, ensuring loan repayability through dynamic risk management algorithms while allowing users to freely invest, trade, or stake on-chain, thus achieving higher capital returns.
The token allocation of T3 is 90.5% for free circulation, 9.5% for development rewards and community activities. 0.3% of the loans will be treated as income, of which 80% will be used for buybacks. In addition, 10% of the loans will be paid in T3AI tokens, while the remaining 90% will be paid in SOL or USDC.
It is worth noting that the project experienced a price surge in a short period, and the development team conducted a large-scale sell-off at 4 AM, claiming it was to cover infrastructure costs. This move sparked discussions in the market about the project's sustainability.