Gate News bot news, according to the official announcement from Gate on August 18, 2025: Gate exchange announced the delisting of 27 tokens including 88MPH, ALTAIR, MATRIX and their corresponding USDT trading pairs. The exchange stated that these tokens have been assessed and do not meet the platform's listing standards. For users holding these tokens and who have submitted the relevant forms, Gate has completed the asset buyback and deposited the buyback amount into the users' accounts. The recharge and trading services for the relevant tokens have been suspended, and the withdrawal service will also be closed soon. The tokens involved in the delisting include: 88MPH, ALTAIR, MATRIX, MUNITY, BYIN, FRBK, EARLY, ROCO, HIT, RUFF, CATTON, SMILEAI, LANDWOLF, DMCK, NALS, DESCI, BTCS, NFTL, SPAY, KILT, CLH, CIRUS, DFI, BTF, FCON, CLAY, and VRTX.

Ingo Rübe, CEO of KILT Protocol, said that decentralized identifiers can be verified using Merkle trees, which is faster and more efficient than ZK proofs; open source software may lead to large-scale data leaks, and public permissionless blockchains should be used to store the validity of credentials. Users must create their own digital identifiers, store them locally, and use decentralized blockchain networks for verification.