BlockBeats will summarize key industry news from the week of September 1 to September 7 in this article, and recommend in-depth articles to help readers better understand the market and grasp industry trends.
Important News Review
Trump Family Project Token WLFI Officially Launched; WSJ: Trump Family Accumulates $5 Billion in Paper Wealth
On September 1, the Trump family project World Liberty Finance token WLFI officially launched, but the price of the token has been declining for several days since its launch. On the 4th, WLFI fell below $0.17 and has now rebounded to $0.23. According to the Wall Street Journal, the Trump family has increased its paper wealth by as much as $5 billion as a result. This trading debut is likely the biggest financial success for his family since Trump took office. Currently, the Trump family holds less than a quarter of the WLFI tokens. Trump's three sons are co-founders of World Liberty, while Trump himself is titled "Honorary Co-Founder." Related articles: “Shell + Trump = $30 Billion, WLFI is a Textbook Operation”, “This Year’s Only Top Narrative for Trump, What Related Concept Projects Can We Focus on for WLFI?”, “WLFI Team Exposed: A Crypto Experiment Backed by Aristocracy and Controversial Figures”
WLFI Blacklists Justin Sun and 272 Addresses; Sun Claims WLFI Tokens Were Unjustly Frozen and Calls for Unlocking
On September 5, WLFI blacklisted Justin Sun's address, locking 540 million unlocked tokens and 2.4 billion locked tokens, stating that they believe a trading platform has been using user tokens for selling, thus suppressing the price. In the past week, WLFI has blacklisted 272 addresses. On the same day, Justin Sun stated that his tokens were unjustly frozen, pointing out that such actions not only infringe on investors' legitimate rights but may also undermine public confidence in World Liberty Finance. On the 6th, WLFI officially stated that blacklisting 272 addresses was to protect user asset security and that accounts would never be banned for normal market participation.
Jack Ma Indirectly Invests in ETH: Yunfeng Financial, in which he holds 11.15% of shares, Purchases 10,000 ETH to Establish Ethereum Asset Reserves
On September 2, Hong Kong-listed company Yunfeng Financial (00376.HK) announced that its board of directors has approved the purchase of ETH as reserve assets in the open market. As of the announcement date, the group has cumulatively purchased 10,000 ETH in the open market, with a total investment cost of $44 million. According to public data, Alibaba founder Jack Ma indirectly holds about 11.15% of Yunfeng Financial through Yunfeng Fund. On the 5th, Yunfeng Financial stated that the purchased ETH will be listed as investment assets in the financial statements and that it will continue to increase its investment in digital assets, planning to explore including BTC, SOL, and other diversified mainstream digital assets into the company's strategic reserve assets. Related articles: “‘Jack Ma Concept Stock’ Yunfeng Financial Buys ETH, A New Beginning for Web3 Layout?”
Trump Family Supports Mining Company American Bitcoin's Listing; Eric Trump Holds Shares Worth Over $500 Million
On September 4, the Trump family supported the listing of mining company American Bitcoin (code ABTC), with the stock price rising nearly 17% on its first day to $8.04 per share, peaking at $14 during the day. The stock's trading volume exceeded 29 million shares on its first day. According to Bloomberg's estimates, the successful listing of American Bitcoin means that Eric Trump, Trump's second son, holds shares worth over $500 million. Trump's eldest son, Donald Trump Jr., previously stated that American Bitcoin's mission is to create the largest Bitcoin reserve in the United States. If shareholders win, America wins. The new era of Bitcoin in America starts now. Related articles: “Trump Family Strikes Again: American Bitcoin's US Stock Debut, Doubling Before Retracing Most Gains”
Linea: TGE on September 10, All Airdrops Fully Unlocked, Initial Distribution Plan Mimics ETH
On September 3, Linea's official social media confirmed that airdrop checks have been opened and announced that the TGE will take place on September 10. LINEA mimics Ethereum's initial distribution plan: 85% of tokens are allocated to the ecosystem. Among them, 10% is allocated to early users and builders, and 75% is included in the largest ecosystem fund in cryptocurrency history. The project team and venture capital institutions have not allocated shares. The claim window will open on September 10 and last until December 9. All airdrop tokens are fully unlocked with no vesting period. Related articles: “After Three Years of Waiting, Linea Airdrop Finally Lands: A Victory for ‘Quality Addresses’?”
Federal Reserve Chair Candidate Pool Narrowed to Three; Trump Reiterates Support for Hassett
On September 6, U.S. President Trump stated that he is considering appointing Kevin Hassett, the director of the White House National Economic Council, to another position. Trump mentioned that Hassett is one of the three possible candidates for Federal Reserve Chair. However, he refused to confirm that he would choose Hassett for the position. Trump stated that U.S. Treasury Secretary Mnuchin was the fourth candidate for Federal Reserve Chair, and now there are three remaining. Waller and Walsh are other potential candidates. Related articles: “Today, Interviews for 11 Federal Reserve Chair Candidates Begin; How Will Trump Choose?”
Polymarket Approved by CFTC to Return to the U.S. Market
On September 4, it was reported that the world's largest prediction market, Polymarket, has been approved by the U.S. Commodity Futures Trading Commission (CFTC) to return to the U.S. market. This platform, founded in 2020, previously ceased operations for U.S. users after being accused by the CFTC of operating an unregistered derivatives market and reached a settlement in 2022. Polymarket has not yet disclosed a specific timeline for its return. Related articles: “If Polymarket Doesn’t Issue Tokens, What Else Can Prediction Markets Speculate On?”
OKX Wallet Launches OKX Boost Product, Aims to Connect Real Users with Innovative Projects
On September 3, according to an official announcement, OKX Wallet announced the official launch of the OKX Boost product, aimed at building an efficient bridge between on-chain innovative projects and real users. This product will provide OKX DEX aggregator users with the opportunity to participate in innovative projects at the first moment while helping project parties gain exposure to real users. This upgrade integrates activities such as Giveaways, Cryptopedia, and trading competitions, forming three main modes: X Launch, Giveaway, and trading competitions, and continuously optimizes user experience under the principles of fairness and transparency.
Venus Protocol Users Encounter Phishing Attack; Venus Protocol's Emergency Suspension Successfully Recovers Funds
On September 2, Venus Protocol users encountered a phishing attack, resulting in a loss of approximately $13 million in cryptocurrency. The Venus Protocol immediately suspended usage. Venus Protocol had previously experienced three security controversy incidents, with related losses exceeding $100 million. On the same day, Venus Protocol issued an emergency vote regarding the security incident, as users suffered from phishing attacks, leading to the rapid suspension of the protocol to protect asset security. On the 3rd, Venus Protocol officials stated that the protocol has fully resumed operation and successfully recovered the stolen funds. On the 4th, a user affected by the attack, Kuan Sun, tweeted that the attack was carried out by the Lazarus hackers, originating from a disguised Zoom meeting invitation.
Federal Reserve to Hold Meeting on October 21 to Discuss Stablecoins and Tokenized Financial Products
On September 4, the U.S. Federal Reserve announced that it has scheduled a meeting to discuss payment-related topics, including stablecoins and tokenization. The Federal Reserve stated in the notice that the meeting on October 21 will discuss "emerging stablecoin use cases and business models" as well as "the tokenization of financial products and services," as part of efforts to innovate the U.S. payment system.
ZachXBT Reveals Charging Standards and Wallet Addresses of Over 200 Crypto KOLs; Most KOLs Did Not Clearly Indicate the Advertising Nature of Tweets
On September 2, ZachXBT disclosed the charging standards and wallet addresses of over 200 crypto KOLs on the X platform. ZachXBT stated that among more than 160 paid promoters, fewer than 5 clearly indicated the advertising nature of their posts. ZachXBT believes that in many jurisdictions, failing to disclose the promotional nature of information is even illegal. "I have said many times that if you disclose paid promotional information for a project you truly believe in, then paid promotion is acceptable. If you think influencers should be allowed to secretly receive money to promote projects and mislead fans, then that says a lot about the issues at hand." Related articles: “The Million-Dollar Promotion Underbelly: ZachXBT Reveals the Overseas KOL Cashing In Scene”
BGB Upgraded to Morph Public Chain Token, 220 Million Tokens Burned in One Go
On September 2, Bitget announced an exclusive strategic partnership with the consumer-grade public chain Morph to accelerate the on-chain application and ecological expansion of BGB. BGB will be upgraded to serve as the Gas token and governance token of the Morph ecosystem. It will continue to play a role in partner ecosystems such as trading platforms and wallets, including participating in Launchpool and fee discounts. According to this cooperation, all BGB tokens governed by the Bitget team will be transferred to the Morph Foundation, totaling 440 million tokens, of which 220 million will be burned in one go, and the remaining 220 million will be locked and unlocked at a rate of 2% per month for liquidity incentives, usage scenario expansion, education, and awareness. Related articles: “BGB Joins the Burning Battle, Who Can Replicate a 10x Platform Token?”
Ondo Tokenized Stocks Launched, Supporting Over 100 Individual Stocks and ETFs
On September 4, according to official news, Ondo Global Markets has officially launched, providing non-U.S. investors with around-the-clock instant access to tokenized U.S. stocks, ETFs, and other securities, along with traditional market liquidity and institutional-level protection. Non-U.S. investors can buy and sell over 100 tokenized U.S. stocks and ETFs (subject to jurisdictional restrictions), with plans to expand to over 1,000 by the end of the year—marking the largest issuance of tokenized equity assets in history. Ondo tokenized stocks are now available on Ethereum and will soon expand to networks such as BNB Chain, Solana, and Ondo Chain.
Uniswap Community Votes to Establish DUNI Legal Entity, Taking First Step to Open Protocol Fee Switch
On September 4, according to the Snapshot governance page, the Uniswap community voted to pass the temperature check proposal to "Establish DUNI Legal Entity," which will proceed to a second on-chain vote. The proposal states that Uniswap intends to adopt a decentralized, unregistered, non-profit association (DUNA) registered in Wyoming as the legal structure for the governance protocol and to establish a legal entity named "DUNI." DUNI aims to maintain a decentralized governance structure while supporting off-chain operations, such as signing contracts, hiring service providers, and fulfilling regulatory and tax obligations.
Director of "Mr. & Mrs. Smith" to Direct New Film "Killing Satoshi," Expected to Release in 2026
On September 2, according to financefeeds, Pete Davidson and Casey Affleck will star in "Killing Satoshi," a conspiracy thriller directed by Doug Liman, known for "The Bourne Identity." The film is inspired by the mysterious story surrounding the anonymous founder of Bitcoin and is expected to be released in 2026. According to the production team, the film will blend political conspiracy, cutting-edge espionage, and global power struggles, depicting the competition among governments, Wall Street, and Silicon Valley to control the world monetary system. Producer Ryan Kavanaugh described the project as a fintech drama similar to "The Social Network."
Beijing's Largest Off-Market Financing Boss Song Shijie Involved in Money Laundering and Crypto Scam, UK and US Collect 200 Million Yuan in Settlement, Seize Assets Worth 161 Million Yuan
On September 5, according to Caixin, Song Shijie, the largest off-market financing boss in Beijing, who owes 22 million yuan in fines to the treasury, handed over nearly 200 million yuan in asset seizure settlement to the UK and the US. The UK's National Crime Agency seized his luxury house, apartment, and bank accounts in London, valued at a total of 16.7 million pounds, approximately 161 million yuan, determining that the funds came from illegal securities trading in China and money laundering in the UK. Reports indicate that Song Shijie was also involved in a crypto "pig-butchering" scam, with three of his Binance accounts frozen, containing about 10 million dollars in crypto assets. According to a document from a court in Orlando, Florida, in late March, he avoided criminal charges by waiving claims.
A Gang in Fujian, China Used USDT for Money Laundering, Involved Flow Exceeds 13.3 Billion Yuan
On September 5, in the first half of this year, the People's Court of Hanjing District, Fujian, China, ruled on a virtual currency-related criminal case initiated by the court. Individuals including Yan, Zheng, and Lin used the virtual currency USDT to build an underground foreign exchange trading network, soliciting customers through overseas chat software, illegally exchanging RMB and foreign currencies using "U coins" as a medium, with involved bank account flows exceeding 13.3 billion yuan. It was verified that the illegal foreign exchange trading amount was 25.62 million yuan. The gang also withdrew cash exceeding 478 million yuan from banks in multiple locations in Fujian, purchasing "U coins" to transfer to upstream criminal wallets to "clean" cross-border criminal funds, profiting from the price difference. Ultimately, the court sentenced Yan, Zheng, Lin, and 12 others to prison terms ranging from 8 months to 3 years for illegal business operations and aiding information network crime activities, along with fines.
Hunan Police in China Crack Down on 170 Million Yuan Virtual Currency Money Laundering Case, Arrest 15 Suspects
On September 2, according to the Hunan Public Security WeChat account, Yueyang police successfully cracked a major virtual currency money laundering case. The criminal gang, disguised as "blockchain OTC traders," attracted "card farmers" to provide bank cards by offering each USDT at a price 0.8 yuan above market price, providing a money laundering channel for illegal funds from overseas online gambling and telecom fraud. Since July 2024, the gang has built a four-level money laundering network, processing illegal funds totaling approximately 170 million yuan, with illegal profits exceeding 1 million yuan, spanning over 20 provinces and cities nationwide. Currently, police have arrested 15 criminal suspects, and the case is under further investigation.
A Gang in Fujian, China Organized a Pyramid Scheme Using Virtual Currency and NFTs, Appeals Rejected by Second Instance Court
On September 2, it was reported that from May to August 2023, individuals including Li used the issuance of a certain virtual currency to construct a hierarchical reward mechanism based on invitation relationships, forming groups on social platforms for online and offline promotion, enticing participants to gain entry qualifications through purchasing virtual currency, staking assets, and bidding for virtual cards, and obtaining rebates based on the number of downlines developed. By October 2023, when the case broke, the organization had developed multiple levels, absorbing funds equivalent to over 20 million yuan. The Shishi City Procuratorate in Fujian Province reviewed and determined that this operational model constituted the crime of organizing and leading pyramid selling activities as defined by the Criminal Law of the People's Republic of China. In December 2024, the court sentenced four defendants to prison terms ranging from six years and six months to three years, along with fines and confiscation of illegal gains.
This Week's Major Financing: Everlyn, Kite AI, Anthropic, Treasury, Etherealize, Utila, Aria, Lead Bank
On September 1, on-chain video AI model Everlyn announced the completion of a $15 million financing round, with participation from MystenLabs, Selini Capital, Nesa, Aethir, io.net, and others.
On the 2nd, according to Fortune, Kite AI announced the completion of a total of $33 million in financing, with the latest Series A round amounting to $18 million, led by PayPal Ventures and General Catalyst, with participation from 8VC, Samsung Next, and others. It is reported that Kite AI is building a foundational trading layer for the "Agentic Internet," providing unified identity, payment, and governance infrastructure for autonomous intelligent agents.
On the 3rd, AI company Anthropic announced the completion of a new round of financing totaling $13 billion, with its valuation soaring to $183 billion, making it one of the highest-valued startups globally. This round of financing was led by Iconiq Capital, with Fidelity Management and Research, Lightspeed Venture Partners participating, along with Singapore's GIC, Insight Partners, and Qatar Investment Authority (QIA).
On the 3rd, according to Cointelegraph, European Bitcoin company Treasury completed a $147 million financing round, led by Winklevoss Capital and Nakamoto Holdings, acquiring over 1,000 BTC.
On the 3rd, Ethereum startup Etherealize announced the completion of a $40 million financing round, led by Electric Capital and Paradigm, with Ethereum co-founder Vitalik Buterin and the Ethereum Foundation providing support through an early grant, and IOSG Ventures participating. Related articles: “$40 Million Financing, Vitalik Participates, Etherealize Aims to Be Ethereum's ‘Spokesperson’”
On September 3, digital asset operation platform Utila announced the completion of a $22 million financing round. This round was led by Red Dot Capital Partners, with participation from Nyca, Wing VC, DCG, and Cerca Partners, expanding the total amount raised in the Series A round in March to $40 million.
On the 4th, Aria Protocol Labs and Aria Foundation—the team behind the story-based intellectual property (IP) tokenization platform Aria—recently raised a total of $15 million in seed and strategic rounds. Both rounds of financing were completed last month, starting from discussions in March. The seed round was co-led by Polychain Capital and Neoclassic Capital.
On the 5th, crypto-friendly bank Lead Bank completed a $70 million financing round at a valuation of $1.47 billion, with a16z and Khosla Ventures leading this round, while existing investors Ribbit Capital, Coatue, and Zeev Ventures participated, along with new investors including Iconiq Capital and Greycroft.
This Week's Popular Articles
“Shell + Trump = $30 Billion, WLFI's Textbook-Level Operation”
WLFI quickly upgraded from an "Aave fork" to a DeFi super application narrative centered around the stablecoin USD1 after its launch on September 1: leveraging the strong ties of the Trump family and $2 billion in funding from Abu Dhabi, along with resources from Binance, DWF, Sun Yuchen, Ankr, Paxos, etc., the circulation and scenarios for USD1 were rapidly inflated, extending the project's influence to trading, lending, payments, and treasury layouts; its core logic is to connect the political capital of the presidential family with the global crypto network, creating a fast track of "family endorsement + resource integration." However, the concentration of tokens and governance, multiple "Coming Soon" products, the leap from settlement to real user usage for stablecoins, and uncertainties regarding compliance and banking channels remain the biggest variables in the short to medium term.
“The Chinese Gang Behind Trump's Coin Project”
Behind the rise of WLFI is a "digital retainer" network woven by Chinese capital and technology across the Pacific: Binance serves as the hub, controlling the expansion and liquidity of the stablecoin USD1; projects like Ankr, Paxos, and DWF Labs provide infrastructure, compliance, and liquidity support; Sun Yuchen's timely investment of $75 million revived the project; while Asian funds from Hong Kong and Singapore have become important pillars for the Trump family's bet on the crypto empire. The deep binding of the U.S. presidential family with Eastern powers not only changed the fate of the project but also reshaped the geopolitical and crypto-financial power landscape.
This year's Bitcoin Asia in Hong Kong had a lackluster atmosphere, while side events unrelated to Bitcoin, such as stablecoins, RWA, DePIN, and coin-stock events, were packed. CZ sparked discussions on stablecoins and Hong Kong's prospects at the University of Hong Kong. The conference felt more like a "surrounding marketplace + Eric Trump meet-and-greet," with mining machines and Bitcoin reserve companies taking center stage, while the presence of Bitcoin's native ecosystem booths was minimal, with few attendees at events like Babylon. Despite frequent questioning of "whether the Bitcoin ecosystem still has significance," builders like UniSat and DotSwap emphasized long-term value and liquidity space, believing that patience is needed for 5–10 years; as Bitcoin gradually gets included in institutional and political asset allocations, ecosystem developers continue to quietly advance, "building high walls and accumulating grain" away from the noise.
Huaxing Capital is making intensive moves in the summer of 2025: signing a memorandum with YZi Labs to heavily invest $100 million in BNB, and the board has also approved a budget of the same scale to enter Web3, seen as a signal of transitioning from "king of mergers and acquisitions" to digital assets. Its rise relies on the dividends of China's internet mergers and acquisitions, but under the constraints of stock competition and antitrust regulations, centralized networking and FA models have failed; although it had early investments in Circle, Amber, etc., these were more reflected in market cap imagination rather than cash returns. After Bao Fan, Xu Yanqing leads "Huaxing 2.0," promoting "BNB micro-strategies" through Hong Kong's new stablecoin policy, setting up a multi-hundred-million-dollar RWA fund, and assisting in compliance for token listings, attempting to become the "first investment bank" connecting Web2/Web3. However, on-chain transparency weakens information advantages, forcing it to personally engage in primary/secondary investments and trading, with narrative tides receding, compliance and reputation risks, and shortcomings in quantitative and risk control capabilities; this transformation resembles a passive self-revolution, with success or failure depending on the ability to quickly establish native capabilities and verifiable value-added services.
“Tom Lee: Does Not Expect a Crypto Winter Soon, Long-Term ETH Target $60,000”
The main driver of Ethereum's recent rise comes from the continuous buying by "treasury companies," with BitMine's holdings reaching approximately 1.87 million ETH. Its leader, Tom Lee, believes that U.S. regulation and stablecoin progress are shifting the financial "track" towards blockchain, placing ETH at a historical turning point similar to the dollar's decoupling from gold in 1971; his team provides a long-term valuation of around $60,000 for ETH based on payment tracks and network income. Compared to ETFs, the treasury model can continuously increase "per share corresponding to ETH" through capital operations, similar to the compounding effect of MicroStrategy, with the key being to maintain a simple balance sheet and flexibly issue and repurchase at reasonable premiums to excel in potential downturn cycles; institutional allocation is still in its early stages, but Lee is optimistic about Ethereum's dominant position in tokenization and payments and its far-reaching social impact.
“In Two Days, Nearly 10x Increase: Is Pokémon Card Trading Real Demand or False Emotion?”
$CARDS is the token of the Pokémon card trading platform Collector Crypt on Solana, which has surged nearly 10 times since September 2, with its market cap briefly exceeding $400 million. Although its business model is not novel, with the core profit point being the "blind box" style gambling demand, it has become a leader in the field due to its monthly sales of around $40 million and the first-mover advantage of issuing tokens. This surge relies more on the promotion by top KOLs, with limited real demand, and whether it can maintain its popularity remains to be seen in the market.
“Public Sale Snatched Up by Big Players, How Much Upside is Left for XPL After Launch?”
Plasma is a stablecoin-specific public chain supported by Tether and Silicon Valley investor Peter Thiel, featuring "zero fees + USDT for Gas payments," positioning itself as the on-chain version of Visa. The project has frequently raised funds since the end of 2024, totaling over $500 million, with a strong capital lineup. Its token XPL has a total supply of 10 billion, with the team and investors' tokens locked for a year before unlocking, resulting in no short-term selling pressure. The public sale phase was exceptionally hot, completing hundreds of millions in subscriptions in just a few minutes, and the allocation from Binance was quickly snatched up. The current price has risen more than tenfold from the public sale price, with a market cap range of $5 to $8 billion, seen as another hot narrative following WLFI, bolstered by the stablecoin sector and institutional endorsements.
“In 7 Days, Raked in $300 Million: Is TechnoRevenant Insider Trading or the New On-Chain Monarch?”
TechnoRevenant, a mysterious trader whose identity is unknown and who presents as a humanoid, has raked in nearly $300 million in just a week through the two hot events of WLFI and Hyperliquid XPL. Earlier this year, he spent $15 million to become a major holder of WLFI, achieving several times the returns after the project launched; meanwhile, on Hyperliquid, he accidentally placed a buy order of over $4 million due to a "fat finger" mistake, ultimately profiting $38 million during the liquidation wave. On-chain data shows that he frequently interacts with top institutions like Jump and Wintermute, suggesting he may not be a retail investor. Supporters call him a "god-level trader," while skeptics believe he manipulates the market. This incident reflects the reality of weak liquidity in the on-chain market and the infiltration of institutional power, prompting a reevaluation of the risks and impacts of future Pre-IPO style token trading.
“Missed the Pre-Sale? Here Are 8 Ways to Participate in the WLFI Ecosystem”
Although WLFI has seen a pullback after its launch, early players have already profited, and subsequent funds may have a second chance. There are mainly eight paths to participate: buying tokens (such as $DOLO, $BLOCK, LINK, AAVE, etc.), DeFi (USD1 staking and mining on ListaDAO, Falcon, Raydium, etc.), Launchpad (BlockStreet, bonk.fun), points play (USD1 holding and trading points), task interactions (TaggerAI), stock investments (ALT5), strategic investments (Falcon, Vaulta, etc.), and upcoming applications like the WLFI App and lending. Overall, it is still in the early stages, with opportunities and risks coexisting.
“Live Streaming Coin MITCH Soars, Can Pump.fun Really Win with Live Streaming?”
Recently, the Solana chain has been exceptionally active due to the RWA craze surrounding $CARD and $ZARD, as well as the surge of $HUCH. Pump.fun has also seized the opportunity to launch Project Ascend and Dynamic Fees V1, introducing the concept of Creator Capital Markets (CCM) in an attempt to transform the platform into an ultimate version of Twitch. The updated dynamic fee structure allows creators to increase their earnings by up to 10 times, encouraging long-term operation of the token ecosystem. The return of well-known figures like Mitch, rasmr, and Gainzy, along with the issuance of live streaming coins, has further heightened the excitement. Although CCM is seen as an innovative attempt in the creator economy, concerns about controversy and speculative bubbles still exist. Whether Pump.fun can find a balance between innovation and order remains to be tested by the market.
“10 Airdrops Worth Watching Recently: The Evolution from 'Wool Harvesting' to 'Real Users'”
Although the enthusiasm for airdrops has not been as high as before, it has not disappeared; the rules now emphasize genuine usage and long-term activity. Ten potential opportunities worth noting include: the trading application Based and the neutral yield vault Liminal based on Hyperliquid; Legion, which is involved in equity and OTC; the high-performance public chain Fogo based on SVM; the emerging compliant CEX Backpack; high-yield DEX Axiom; and prediction markets like Polymarket, Limitless, and Myriad; finally, Kinetiq and the cross-chain bridge Unit. Strategically, it is advisable to diversify small amounts and run multiple protocols in parallel, which can accumulate points for future airdrops while also generating stable returns from the products themselves, achieving "wool harvesting" without incurring excessive opportunity costs.
“The Underrated Malaysian Chinese: Invisible Builders in the Crypto World”
Malaysian Chinese have long maintained a low profile in the crypto world, yet they profoundly influence the industry landscape: from CoinGecko, Etherscan to Pendle, Jupiter, and Virtuals Protocol, they have built indispensable global infrastructure and popular narrative projects; their multilingual and multicultural backgrounds make them natural bridges, capable of reaching European and American trends while also rooting themselves in the Asian market; historical institutional constraints have shaped their pragmatic and resilient character, making them particularly stable in the volatile crypto industry. Although early negative cases have led to biases, an increasing number of Malaysian Chinese entrepreneurs are successfully reshaping their image globally, gradually allowing the outside world to see the true value of this "invisible legion."
“Build a Launchpad Platform in Just 3 Days and $400: A Step-by-Step Guide”
The author developed a token issuance platform named Blind in just three days with about $400, based on the Base chain and Flaunch infrastructure. The core innovation allows creators to choose which social data to make public while setting pre-sale access thresholds, achieving a mechanism that can both leverage reputation and protect privacy. The project development emphasizes low cost, rapid iteration, and maximizing the use of existing tools, employing "confusion marketing" and leaderboard strategies to attract a large number of registrations before launch. Ultimately, it proves that in the current context of mature AI and blockchain tools, independent developers are fully capable of quickly implementing innovative ideas at a very low cost.
“California Governor Goes All Out, Newsom Plans to Issue 'Corruption Coin' to Mock Trump”
California Governor Newsom's conflict with President Trump has escalated from immigration policy to military deployment, evolving into a systemic confrontation between federal and state powers. Newsom announced in a podcast that he would issue a "Trump Corruption Coin" to satirize his opponent, seizing the opportunity to amplify the corruption controversies surrounding the Trump family's involvement in cryptocurrency and political funding operations. Trump has frequently faced scrutiny for using his power to benefit his family and supporters, from token issuance to accepting foreign gifts, yet continues to act boldly under the protection of the Republican Party and interest groups. Newsom's strong rebuttal is seen as a potential presidential prelude, turning the "California vs. White House" confrontation into a new stage where American politics and Web3 narratives intertwine.
“ArkStream Capital: Why Crypto VCs Struggle to Outperform BTC?”
The crypto primary market has sharply cooled since its peak in 2022, with financing scales and returns continuing to decline. VCs have shifted from early to late-stage investments, preferring deterministic tracks like DeFi, infrastructure, and RWA. High FDV and the effect of listing on trading platforms have failed, leading to a high project failure rate, with average returns unable to cover losses, resulting in the collapse of the traditional "broad net" model. In the new cycle, investment logic has shifted towards value and execution capability, with stablecoins, RWA, and Crypto+AI seen as long-term opportunities.
“A16z Partner's Ten-Year Advice: In the New Cycle, Just Focus on These Three Things”
In the Web3 world, the alternation of bull and bear markets is the norm; the key is not to predict cycles but to continuously build value against the trend. A16z partner Arianna Simpson summarizes over a decade of experience, noting that the choice of top founders is often more meaningful than grand narratives: when stablecoins truly enter payment and settlement scenarios, cross-border business efficiency will significantly improve; when Crypto resonates with AI and DePIN, the on-chain supply-side platforms and real-world resources will present long-term opportunities. For Chinese entrepreneurs, calm execution is more important than chasing trends; financing needs to return to fundamentals, governance must be institutionalized, and narratives should be defined by products and delivery. While cycles cannot be controlled, those who can persist in doing difficult but correct things for a long time will be able to navigate volatility and leave lasting value.
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