GT

Gatechain Token

Crypto exchange Gate has launched Gate Layer, a proprietary Layer 2 blockchain designed to boost transaction throughput and reduce costs, while simultaneously rolling out a major upgrade to the GT (GateToken) ecosystem Built on the OP Stack and fully compatible with Ethereum, Gate Layer is anchored by GateChain as its settlement layer, the company said in an emailed announcement on Wednesday. Gate is positioning Gate Layer as the backbone of its “All in Web3” strategy, launching tools such as Perp, a perpetuals hub with CEX-level liquidity; Gate Fun, a no-code incubator for token launches; and Meme Go, a real-time cross-chain meme token tracker. As part of the overhaul, GT will serve as the exclusive gas token for Gate Layer, while continuing its dual burn model. To date, over 180 million GT have been burned, about 60% of initial supply. Gate’s move follows a growing trend of major exchanges, including Coinbase with Base, launching their own Layer 2s to capture more user activity onchain . By pairing infrastructure with native tokenomics, exchanges are seeking to deepen liquidity, expand ecosystems, and position themselves as full-stack Web3 providers—not just trading venues.

The LayerZero Stargate acquisition is a $110 million deal approved by Stargate token holders with ~95% support, returning Stargate to LayerZero control and swapping all circulating STG for ZRO at

Wormhole has jumped into the bidding plans for bridging service Stargate, promising a bid above LayerZero’s initial $110 million token-swap proposal. It wants the Snapshot vote delayed so the community can weigh its offer. Stargate’s numbers explain the interest. The bridge processed $4 billion in July, holds $345 million in TVL, and sits on a treasury of $92 million in stables and ether, plus $55 million in STG and other assets. The annual revenue is approximately $2 million. “Based on our initial review, we believe that STG holders deserve a more competitive process, and we are prepared to submit a meaningfully higher bid,” the proposal said. LayerZero’s proposal would transfer both the treasury and future income, which critics call a discount. Wormhole says the terms shortchange tokenholders and that “STG holders deserve better.” A Wormhole–Stargate tie-up would create one of the largest cross-chain hubs in crypto, pairing Stargate’s unified liquidity pools with Wormhole’s integrations across dozens of networks. The foundation argues this would boost volume and long-term resilience for both ecosystems. “The Wormhole Foundation sees unrealized value in the Stargate brand, protocol, and protocol assets,” the proposal said. “The Wormhole Foundation is confident that a successful combination of Stargate and the Wormhole ecosystem will lead to the most immediate and long-term value for current holders of STG, as well as current and future holders of Wormhole (W).” Wormhole has requested a five-day delay in the vote, seeking more time for due diligence and a fairer process. Read more: LayerZero Proposes $110M Stargate Token Merger in Consolidation Play

GateToken skyrockets 13.5% following BNB and OKB highs, reflecting market dynamics. Read original article on tokentopnews.com

Gate.io launches a guaranteed win event with RHEA token rewards for new users making their first futures trade from August 7 to 15, 2025. Read original article on coinlineup.com

Gate's Dr. Han confirmed for keynote at WebX2025 in Tokyo, highlighting compliance and collaboration. Read original article on coinlineup.com

Centralized exchange coins Bitget Token (BGB) and GateToken (GT) rise amid market trends. Read original article on tokentopnews.com

Charles Hoskinson affirms ADA staking doesn’t meet the Howey Test requirements Cardano’s native staking differs from liquid staking service provider models. SEC Project Crypto initiative drives new regulatory clarity for blockchain. Charles Hoskinson has asserted that Cardano’s ADA staking protocol is, under federal law, not a security. The Input Output CEO made the statement after the SEC’s Division of Corporation Finance released new guidance on liquid staking, which raised fresh concerns in the crypto community. The clarification comes amid the SEC’s broader Project Crypto initiative, which aims to modernize financial regulations to better align with blockchain-based technologies. The guidance distinguishes between different staking models and their regulatory implications for cryptocurrency owners. Native Staking Model Evades Securities Classification Cardano’s native staking system runs as part of the blockchain’s consensus layer. This enables ADA token holders to delegate tokens to staking pools without giving away ownership. This native process varies from liquid staking services using third-party intermediaries and receipt tokens for staked … The post Hoskinson Declares ADA Staking Non-Security Following SEC Liquid Staking Guidance appeared first on Coin Edition .

Gate.io lists WXTM on July 30, 2025, distributing 3.8M WXTM to GT holders. Read original article on coinlineup.com