Tokyo WebX Summit Launches: HYPE Token Surges, Gate Rebrands, Japanese PM Backs Web3
The Tokyo WebX Summit kicked off on August 25, drawing global crypto projects, investors and partners to discuss Web3 innovation, digital asset compliance and cross-border collaboration. BitMEX co-founder Arthur Hayes predicted a 126× rise for the HYPE token within three years, driving HYPE up 5% to around $45.6, with a daily peak of $47.37. Gate Exchange CEO Dr. Han unveiled the exchange’s rebranding to Gate.com and stressed that broad Web3 adoption hinges on seamless user experience, supportive regulation and industry cooperation. As the summit’s title sponsor, Gate will host an invite-only VIP event in Tokyo to foster Asia-Pacific partnerships. Japanese Prime Minister Shigeru Ishiba attended and announced a five-year plan to bolster innovation in Web3, AI and digital industries, with practical Web3 applications set for Expo 2025. The summit solidifies Japan’s proactive stance on blockchain development and signals bullish momentum for the crypto market.
Bullish
The summit’s high-profile endorsements and concrete forecasts create a bullish outlook. Arthur Hayes’s 126× HYPE prediction and the token’s immediate 5% rally signal strong speculative interest. Gate’s rebrand and VIP networking event boost platform visibility and user confidence. Prime Minister Ishiba’s five-year innovation plan and planned Web3 rollout at Expo 2025 underscore regulatory support. Historically, major conferences with official backing—like Consensus—have spurred short-term price rallies and sustained sector growth. Traders can expect continued altcoin momentum in the near term, while long-term regulatory clarity and infrastructure development bode well for Web3 asset appreciation.