Tether Officially Launches USA₮, AI Developer Slams Meme Coins, What Are Crypto Communities Talking About Today Abroad?

Publication Date: January 28, 2025
Author: BlockBeats Editorial Team

Over the past 24 hours, the crypto market has witnessed various dynamics ranging from macroeconomic discussions to specific ecosystem developments. Mainstream discussions have focused on Tether launching the USA₮ compliant stablecoin, directly challenging USDC; meanwhile, AI developer Peter Steinberger's strong criticism of the Meme coin community and project rebranding has sparked reflections on Web3 speculation culture. In terms of ecosystem development, $HYPE surged during the precious metals trading craze, Ethereum's ERC-8004 is driving AI interaction on-chain, and Solana introduced institutional-grade yield strategies through USCC.

Mainstream Topics

1. Tether Officially Launches USA₮

Stablecoin giant Tether has officially announced the launch of USA₮, a federally regulated, USD-backed stablecoin, emphasizing its "Made in America" positioning. This move has been interpreted by the market as Tether's effort to expand its compliant footprint in the U.S. market, in direct competition with existing compliant products like Circle's USDC. Analysts point out that leveraging its dominant position in the global stablecoin market and strong liquidity, the launch of USA₮ will further elevate the competitive landscape of the stablecoin race in terms of compliance and regional competition.

2. Clawdbot Founder Criticizes Crypto Meme Community and Rebrands Project

AI automated trading tool Clawdbot's founder Peter Steinberger has expressed strong anger and dissatisfaction towards the crypto community, especially the Meme coin frenzy. He publicly called for the community to stop the harassment and made it clear that he will never issue a token, stating that any project claiming him as a token holder is a scam. Peter Steinberger emphasized that he will not accept any fees and believes that such behavior is actively damaging the project itself. In order to completely disassociate from this speculative culture, Peter Steinberger announced a project name change to Molt, likening it to the process of molting in lobsters, symbolizing "shedding the old shell to embrace new life." This event highlights the rapid spread of Meme coins and the disturbance caused to serious developers by speculative culture, reflecting some developers' stance of keeping a distance from the tokenization trend in order to maintain project purity.

3. $HYPE Strong Rebound

The native token of Hyperliquid, $HYPE, experienced a strong rebound after a round of selling pressure, with the price surging 35% in a short period of time. The main driver of this rebound is believed to be a trading frenzy spurred by Hyperliquid's HIP-3 mechanism. HIP-3 allows users to permissionlessly create new perpetual contract markets by staking HYPE. With the rise in prices of traditional assets like precious metals, the precious metal trading pairs deployed on HIP-3 on Hyperliquid (such as Uranium URA/USD) saw a surge in trading volume, driving demand for the HYPE token and capturing trading fees, thus pushing up the price of HYPE. Additionally, the centralized exchange Kraken's announcement of the upcoming listing of $HYPE also provided additional market confidence and liquidity expectations.

4. USD.AI Launches Governance Token $CHIP

USD.AI has announced the launch of its governance token, $CHIP, positioned as a tool to set AI interest rates, with its value based on over $7.7 billion in trading volume and real income from GPU collateralized lending.

5. Tenbin Raises $7.1M

Tenbin Labs, focused on tokenizing traditional financial assets on-chain, has announced the completion of a $7.1 million seed round led by Galaxy Digital, aimed at addressing efficiency issues in the current tokenization space and driving the convergence of traditional financial liquidity with DeFi utility.

6. Top Articles

Two articles have sparked in-depth community discussions on market structure and Web3 business models. An article on the Perp market landscape points out that the Perp DEX race should not be seen as a zero-sum "winner takes all" game, but rather platforms (such as Hyperliquid) are specializing to serve different trading needs. The article details Hyperliquid's high-performance architecture (HyperCore + HyperEVM) and HIP-3 mechanism, allowing anyone to permissionlessly create perpetual contract markets by staking HYPE, emphasizing the trend of market specialization rather than zero-sum competition.

Another article written by Melee Markets argues that Creator Tokens have already failed and proposes prediction markets as an alternative. The article analyzes three structural issues that led to the failure of Creator Tokens: perpetual token existence (out of sync with fleeting attention), lack of truth anchor (easily manipulable), and brand risk (creators becoming token pumpers). The prediction market model proposed by Melee Markets addresses these issues by having a time-limited and objectively verifiable truth anchor, allowing creators to profit from proposing questions and benefiting from transaction volume, shifting speculation from the creators themselves to predicting objective events, thus safeguarding creators' reputations.

Mainstream Ecosystem Updates

Solana

The Solana ecosystem takes a significant step in institutional-grade DeFi. Kamino partnered with Superstate to launch $USCC on the Kamino market. This is a market-neutral yield strategy designed for accredited investors and professionals, providing returns by capturing crypto basis from Bitcoin, Ethereum, Solana, and US Treasury securities. USCC shares can be used as collateral, aiming to enhance capital efficiency on Solana and introduce institutional liquidity to the ecosystem.

Ethereum

The Ethereum Foundation's AI Lead, Davide Crapis, announced that the ERC-8004 standard is set to go live on the mainnet. This standard aims to position Ethereum as a platform for securing and settling AI-to-AI interactions, further driving the fusion of AI with Ethereum and providing infrastructure for on-chain AI agents.

The issue of restricted dissemination of crypto content on mainstream platforms has resurfaced. The documentary "Vitalik: An Ethereum Story," which tells Vitalik Buterin's story, was rejected by Amazon Prime due to Amazon's discontinuation of any "cryptocurrency-related content." Although the documentary has been released on Tubi and YouTube Movies, Amazon's decision highlights mainstream traditional platforms' censorship and restrictions on crypto content, prompting the crypto community to seek decentralized content distribution channels.

Perp DEX

Centralized exchange Kraken announced the upcoming listing of $HYPE, becoming another mainstream CEX to list HYPE spot trading after Coinbase, Bybit, and OKX.

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