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Gate Research Daily Report (August 16):BTC briefly broke above $59,800 before quickly retreating to $56,000, while ETH fluctuated between $2,500 and $2,700. MakerDAO’s proposal to reduce WBTC collateral could pose liquidity risks. Pump.fun continues to dominate the meme coin market, with Beethoven X, Colend Protocol, and Symbiotic leading TVL growth in the DeFi sector. A rebound in U.S. stocks has boosted blockchain shares, and $95 million in funding was secured in the Web3 sector. Keep an eye on airdrop opportunities from Pichi Finance and Grass.

FLock.io is a decentralized platform based on blockchain technology. Through federated learning and decentralized training frameworks, it completely changes the development and deployment of artificial intelligence (AI) models. FLock solves problems in traditional AI development, such as centralized control, lack of transparency, and inadequate privacy protection, achieving democratization of AI technology. FLock's system design includes AI Arena, FL Alliance, and AI Marketplace, supporting the entire process from model training to deployment. FLock aims to promote the development of AI technology towards a more ethical and secure direction through transparent, privacy-protecting, and inclusive development processes.

Barstool founder David Portnoy launched the JAILSTOOL token due to recent Meme coin trading controversies. This article will explore the background of JAILSTOOL, the characteristics of the token, and the investment opportunities and risks it brings, helping readers better understand this emerging project and its position in the cryptocurrency market.