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The U.S. Genius Act has triggered 72 copycat crypto ETF filings, sparking new battles over fee wars, staking yields, and regulatory arbitrage.

Gate Research Daily Report (August 26): BTC and ETH prices fluctuated within a narrow range, with $65,000 acting as a short-term resistance level. Floor prices for NFT collections like BAYC and Pudgy Penguins saw significant recoveries. Mt. Gox wallet Bitcoin holdings have decreased by approximately 68.3%. TON tokens plummeted following the arrest of their founder, with related ecosystem tokens also declining. Projects like Orderly Network and Corn are set to launch airdrops in the near future.

This article discusses the current situation and challenges of celebrities/stars joining Web3, especially in the NFT and Metaverse fields. The star effect has brought huge traffic and initial market prosperity, but due to the lack of attraction for long-term fan participation and professional operation planning, many projects have experienced rapid rise and fall.