Headline
▌WLFI Proposes to Use All of the Protocol's Own Liquidity Fees for Repurchase and Destruction
The WLFI team has put forward a new proposal, suggesting that all fees generated by the WLFI protocol's own liquidity (POL) be used to repurchase WLFI on the open market and permanently destroy it, thereby directly reducing the circulating supply.
▌Four of the Top 10 WLFI Holders Have Sold Approximately 1.86 Billion Tokens
According to on-chain analyst Ai Yi, within 30 minutes after the WLFI Token Generation Event (TGE), four of the top 10 holders chose to sell, selling approximately 1.86 billion tokens through exchanges, accounting for 20% of the total unlocked tokens. Data shows that the top 10 WLFI holders have invested a cumulative $73.08 million and hold a combined 4.64 billion tokens (4.63% of the total). Moonmanifest.eth, the largest holder, holds 1 billion tokens, topping the list. All of these holders participated in the first round of the public offering, with one also participating in the second round.
Market
As of press time, according to Coingecko data:
BTC price is $108,842, up or down 0.7% in 24 hours;
ETH price is $4,289.53, up or down -2.2% in 24 hours;
BNB price is $845.84, up or down -1.4% in 24 hours;
-2.5%; the price of DOGE is $0.2091, with a 24-hour increase or decrease of -2.2%; the price of XRP is $2.74, with a 24-hour increase or decrease of -1.3%. The price of TRX is $0.3368, with a 24-hour increase or decrease of -1.2%.
WLFI price is $0.2343, with a 24-hour change of -16.9%
Policy
▌The U.S. Government Department of Efficiency is using AI to try to cut the rules and regulations of the U.S. SEC
According to The Information: The Department of U.S. Government Efficiency (DOGE) is using artificial intelligence to try to cut the rules and regulations of the U.S. Securities and Exchange Commission (SEC).
▌Ministry of Industry and Information Technology: Actively participate in global governance in areas such as digital economy and artificial intelligence
On September 1, the Party Leadership Group of the Ministry of Industry and Information Technology held a theoretical study session with the Central Committee of the Communist Party of China. The meeting emphasized that we must unswervingly expand high-level opening up, make good use of both domestic and international markets and resources, promote the mutual promotion of domestic and international dual circulations, and cultivate new advantages for my country to participate in international cooperation and competition. We must "bring in" with higher quality, build a first-class business environment that is market-oriented, law-based, and internationalized, and encourage foreign-funded enterprises to deeply participate in the process of new industrialization. We must "go global" at a higher level, encourage enterprises to diversify their layout and develop internationally, and deepen complementary cooperation in industrial advantages with countries participating in the joint construction of the "Belt and Road". We must actively participate in global governance in areas such as digital economy, artificial intelligence, radio spectrum, and communications infrastructure, advance the construction of a new industrial revolution partnership network, and promote the construction of a global industrial chain and supply chain system that is safe, stable, smooth, efficient, open, inclusive, and mutually beneficial. Revolut Launches Secondary Share Offering with a $75 Billion Valuation. British fintech company Revolut launches secondary share sale with a $75 billion valuation. Futian Investment Holding Issues World's First Publicly Listed Digital Bond Using RWA on a Public Chain. According to an official announcement, Futian Investment Holding (rated "A-" by Fitch) completed an offshore RMB bond issuance in Hong Kong. This bond is the world's first publicly listed digital bond using RWA on the Ethereum public blockchain, with an issuance size of RMB 500 million, a two-year term, and a coupon rate of 2.62%.
▌Ethereum Holešky testnet will be shut down within two weeks
The Ethereum Foundation announced today that the large-scale public testnet Holešky will be shut down within two weeks after the Fusaka upgrade is completed. Since its launch in 2023, the testnet has been Ethereum's largest public testnet and has played an important role in validator operations and protocol upgrade testing. The Foundation recommends that validators and staking service providers migrate to the Hoodi testnet launched in March of this year, while application developers can use the Sepolia testnet for development and testing. After this adjustment, the Ethereum testnet ecosystem will consist of three testnets: Sepolia, Hoodi and Ephemery, each serving different testing needs. According to Lookonchain, an on-chain analytics platform, the crypto market showed divergent trends last week. While DEX trading volume declined by approximately 10% month-over-month, the market capitalization of stablecoins increased by $6.65 billion, indicating continued inflows of new funds. Notably, an early adopter (OG), a significant Bitcoin holder, undertook a major asset allocation adjustment, selling 35,991 BTC (approximately $4.04 billion) and purchasing 886,371 ETH (approximately $4.07 billion) since August 20th, demonstrating strong confidence in Ethereum's future performance. The investor currently holds 49,634 BTC (approximately $5.43 billion). During the same period, institutional investment remained strong, with six publicly listed companies purchasing a total of 2,329 Bitcoins, valued at approximately $253 million.
▌Justin Sun has received 600 million WLFI, equivalent to approximately US$178 million
According to Arkham monitoring, Justin Sun has received 600 million WLFI, worth US$178 million. He holds a total of 3 billion WLFI, worth US$891.2 million. This claim is only 20% of the first batch of unlocked shares.
▌WLFI's largest investor unlocks 200 million tokens, worth nearly US$60 million
According to analyst Ember's monitoring, WLFI's largest investor @moonmanifest47 received his 20% unlocked share 10 minutes ago, totaling 200 million WLFI tokens, with a current market value of approximately US$59.45 million. This investor previously invested 15 million USDC in the first round of public offerings, subscribing to 1 billion WLFI at a price of $0.015. Coinbase Announces Listing of WLFI According to an official announcement, Coinbase announced that it will support World Liberty Financial (WLFI)'s ERC-20 token on the Ethereum network. WLFI Officials Spend 2 Million USD1 to Purchase 6.498 Million WLFI Tokens According to Arkham data, the official address of World Liberty Financial spent another 1 million USD1 to purchase 3.239 Million WLFI at around 9 PM last night, bringing the total amount spent to 6.498 Million USD1.
▌Hyperliquid: You can now go long or short $WLFI with up to 5x leverage
Hyperliquid announced that the WLFI excess return perpetual contract has been converted to a regular perpetual contract, and you can now go long or short $WLFI with up to 5x leverage.
▌1 billion XRP unlocked within two hours of midnight
According to Whale Alert monitoring, there were five large transactions totaling 1.7 billion XRP within two hours of midnight, of which three transactions unlocked a total of 1 billion XRP, and two transactions locked a total of 700 million XRP.
▌WLFI's official multi-signature address transferred 485 million tokens to Jump for market making
According to on-chain analyst Ai Yi's monitoring, WLFI's official multi-signature address transferred a total of 485 million market-making tokens to two Jump Crypto addresses.
▌Deutsche Bank increased its holdings in Strategy to $220 million in the second quarter
Deutsche Bank increased its holdings in Strategy (MSTR) stock by $47 million in the second quarter and currently holds 659,000 shares, with a market value of over $220 million. RAK Properties, a publicly listed real estate developer in the UAE's Ras Al Khaimah emirate, announced it will begin accepting cryptocurrencies such as Bitcoin, Ethereum, and USDT for international real estate transactions. Digital asset transactions will be processed by the regional payment platform Hubpay and converted into local fiat currency before being credited. RAK's Chief Financial Officer, Rahul Jogani, stated that the move aims to attract a new customer base with a strong digital and investment awareness.
Important Economic Developments
▌U.S. Treasury Secretary Jeff Bessant said on Monday that the Federal Reserve is and should remain independent, but noted that the institution "has made many mistakes" and defended U.S. President Trump's right to fire Federal Reserve Governor Lisa Cook over allegations of mortgage fraud. Trump has for months criticized the Fed and its Chairman Jerome Powell for failing to cut interest rates, and recently attacked Powell over the costly renovation of the central bank's Washington headquarters. "The Federal Reserve should be independent. The Federal Reserve is independent, but I think they have made many mistakes," Bessant said in an interview at a restaurant in the suburbs of Washington.
▌ECB President Lagarde stated that inflation will continue to be controlled.
ECB President Lagarde stated that the ECB will continue to take necessary measures to ensure inflation is under control.
▌The probability of a Fed rate cut in September is 89.6%.
According to CME's "Fed Watch": The probability of the Fed keeping interest rates unchanged in September is 10.4%, and the probability of a 25 basis point rate cut is 89.6%. The probability of the Fed keeping interest rates unchanged in October is 4.9%, the probability of a cumulative 25 basis point rate cut is 47.3%, and the probability of a cumulative 50 basis point rate cut is 47.9%.
Golden Encyclopedia
▌What is a rug pull in cryptocurrency? How can you identify it? A "rug pull" occurs when a team or developer withdraws support for a project, leaving investors with worthless tokens. Crypto scams are common in decentralized finance (DeFi), where there are no regulations governing project operations. An individual or group of developers creates excitement around a crypto project to attract traders. As excitement builds, many invest by purchasing tokens or minting non-fungible tokens (NFTs). Then, the developers suddenly dump their holdings and disappear, shocking investors and leaving them empty-handed. The project's abrupt end causes its token price to plummet, and investors lose most of their money. However, understanding blockchain "rug pulls" allows you to identify red flags early on. If you know the signs of a cryptocurrency "rug pull," you can spot a potential scam before it's too late. From examining the project team to analyzing token economics and community engagement, here are the key steps to spot red flags and make informed investment decisions: 1. Unknown or unconfirmed developers; 2. Lack of locked liquidity; 3. Sell order restrictions; 4. Limited number of token holders and volatile price fluctuations; 5. Suspiciously high returns; 6. No external audits. Imagine a crowded market with stallholders selling a variety of goods. A "carpet scam" resembles an impressive stall with the promise of valuable items to attract buyers. The stallholder takes advance reservations for these items at a high price. Just as the market is bustling, the stallholder suddenly disappears, leaving behind an empty stall and worthless reservation receipts. In the context of cryptocurrency, stallholders can commit this fraud in a variety of ways. One method is for fraudulent developers to introduce hidden vulnerabilities in smart contracts to control the native token or steal cryptocurrency from investors. Second, developers can use a technique called dumping. Third, scammers may implement a "carpet scam" by restricting sell orders.
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