1. Hyperliquid August Revenue Exceeds $100 Million, Setting a Historic Record
2. BGB Upgrades to Morph Chain Token, Burns 2.2 Billion Tokens at Once
3. Linea Network DeFi TVL Hits All-Time High, with a 60.30% Increase in the Past Week
4. Venus Protocol Has Experienced 3 Security Incidents, Exceeding $100 Million in Losses
Source: Overheard on CT (tg: @overheardonct), Kaito
WLFI: WLFI, the governance token of World Liberty Finance, was officially launched today, sparking a significant discussion on Twitter. Backed by the Trump family, this issuance is seen as a key event in the crypto industry, with focus on its potential impact on financial freedom and governance models. Despite concerns about insider trading and token distribution, its cross-chain capabilities and partnerships with platforms like Chainlink and Raydium are widely seen as core strengths. The launch has also sparked debates on the Trump family's influence in the crypto market and the long-term outlook for WLFI.
HUMAFINANCE: HUMAFINANCE garnered widespread attention for its launch of the first-quarter airdrop event. This event distributed 12.5 million $HUMA to eligible users who staked over 3000 $HUMA since August 1, 2025, and linked a Solana wallet on Kaito. The event triggered discussions on reward distribution, eligibility criteria, and wallet linking requirements. Some users expressed satisfaction with the rewards, while others raised concerns about eligibility and communication issues. The community is also looking forward to future developments and the upcoming PayFi Summit.
LINEA: LINEA has attracted attention today due to its listing on major platforms such as Binance Smart Chain and Hyperliquid for pre-listing trading (leveraged). As an extension of Ethereum, its native ETH rewards, protocol-level ETH burning, and other features have been highlighted. The market discussion has also focused on its valuation compared to other layer 2 solutions, as well as its integration with high-yield platforms like Etherex. With the TGE approaching, coupled with ConsenSys' strategic support, the market excitement continues to grow.
XION: XION has garnered widespread attention following the conclusion of the XION x KaitoAI RISE event, which distributed over 33,000 $XION to the top 50 creators in the first month. This event has been recognized for its innovative decentralized storytelling approach, transforming community interactions into on-chain continuous narratives. Additionally, the market is also focusing on XION's upcoming token unlock and its strategic expansion into the Korean market, further boosting its presence and engagement on social media. ref0 ref1 ref2 ref3
LINK: Chainlink (LINK) has gained significant attention for playing a key role in the cross-chain transfer of the World Liberty Finance governance token WLFI, with its CCIP technology seen as crucial infrastructure bridging decentralized finance and traditional finance. Endorsement from industry leader Charles Hoskinson has further elevated its influence. Concurrently, Chainlink's collaboration with Solv Protocol to enhance secure price oracles and its partnership with the U.S. Department of Commerce for on-chain data verification have solidified its core position in the crypto industry. ref0 ref1 ref2 ref3 ref4 ref5
1. "The Chinese Behind the Trump Coin Project"
Behind this $40 billion valuation project stand a group of modern-day "eunuchs." There's a Chinese billionaire who put in $75 million, a cryptocurrency exchange founder seeking a presidential pardon, a stablecoin expert deeply rooted in the Asian market, and a force from the East known as "capable of elevating the Trump family's wealth to the sky, but also capable of plunging them into poverty overnight when they overstep." As the wealth of American political families intertwines with Eastern capital, and as China influences the global crypto landscape through the Hong Kong market, a new geopolitical game is unfolding.
2. "Public Sale Snapped Up by Whales, How Much Upside Potential Does XPL Have After Going Live?"
In the context of the overall market sentiment cooling down, Bitcoin and Ethereum prices saw a pullback, and the discussion heat of mainstream altcoins also declined accordingly. However, among the "bombshell-level" projects that are still being continuously discussed in the community, in addition to WLFI, which went live yesterday, another major focus is the new stablecoin-specific blockchain Plasma jointly invested in by stablecoin giant Tether and Silicon Valley legendary investor Peter Thiel. The token, XPL, has had its contract transactions launched on multiple mainstream exchanges.
On-Chain Fund Flow for the Week of September 2
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