1. WLFI to Open First — Round 20% Token Withdrawal on September 1st link
WLFI announced that its token is set to launch on the Ethereum mainnet. 20% of the early supporter allocation will be available for claiming starting at 8:00 a.m. ET on September 1, while the unlocking of the remaining 80% will be decided by community voting. Tokens of the founding team, advisors, and partners remain in a locked state.
2. Morpho’s Total Deposit Amount Exceeds $10 Billion link
Morpho’s total deposit amount has exceeded $10 billion, including Morpho Core, Morpho Lite, and Morpho Optimizer which already support multi-chain. Among them, Morpho’s active loan amount is $3.5 billion, and the total locked value is $6.7 billion.
3. Wormhole Officially Submits Acquisition Offer for Stargate, Planning to Acquire with at Least 120 Million USDC link
On August 21st, the Wormhole Foundation announced its intention to acquire the cross — chain protocol Stargate and requested a five — working — day suspension of the current Snapshot vote to complete due diligence and submit a more attractive formal offer. Wormhole pointed out that the acquisition plan proposed by LayerZero, which valued STG at approximately $110 million, did not fully reflect Stargate’s growth performance.
On August 23rd, the Wormhole Foundation has officially made an acquisition offer for Stargate, planning to acquire Stargate with an initial offer of at least $120 million in USDC. This offer is higher than LayerZero’s $110 million and will adopt a cash — payment model instead of a token — exchange model.
Previously, the LayerZero Foundation proposed an acquisition proposal of approximately $110 million to the Stargate DAO, aiming to acquire the Stargate cross — chain bridge and its STG tokens, planning to dissolve the Stargate DAO, and convert STG into LayerZero’s native token ZRO at a ratio of 1 STG for 0.08634 ZRO.
4. Kaito Releases Roadmap and Update Plan link
Kaito released its roadmap and update plan. To address AI pollution, it will establish a unified identity system to aggregate reputations across various platforms and data silos. It achieved approximately $40 million in ARR in the first half of the year, with over 80% of traceable on-chain revenue. The strategic reserve of over 6 million KAITO is sufficient to support incentives for existing plans, and ways to deploy these reserves will be explored. Focus will be placed on on-chain integration, leaderboards and Kaito Earn, distribution, vertical integration, mobile-native experience, and ecosystem advocacy. In the past few months, the total airdrop amount was $9.4 million, with an annualized return rate of approximately 75%. Kaito Venture has been established.
5. Starknet Announces Community Proposal SNIP — 31 Passed, to Launch Bitcoin Staking Function link
Starknet announced that the community proposal SNIP-31 has been approved, and the Bitcoin staking function will be officially launched in the coming weeks. The mechanism sets the Bitcoin staking weight at 0.25, accounting for 25% of the consensus weight, with the remaining borne by STRK. It also approved WBTC, LBTC, tBTC and SolvBTC as staking assets, and established governance rules for adding new BTC wrapped assets in the future.
6. Avalanche Collaborates with Bowmore to Launch On — chain Whisky NFT link
Renowned Scottish whisky brand Bowmore announced a partnership with Avalanche to launch its first on-chain whisky NFT collection. The collection will be released at the Singapore TOKEN2049 conference on September 30, 2025, with pre-sales already underway. It includes a 30-year-old collector’s edition priced at $5,500, limited to 8 sets (holders will be invited to meet Emin Gün Sirer, founder of Ava Labs), and a 12-year-old classic edition priced at $180, limited to 150 bottles. Each bottle is equipped with an NFC chip and bound to an NFT. Buyers can claim the NFT through Suntory’s official website and redeem the physical product on-site at the conference.
7. Total Addresses on X Layer Network Exceed 2 Million link
The total number of addresses on the X Layer network has exceeded 2 million, with an increase of over 500,000 in the past week. On August 21, the number of daily active addresses on X Layer surpassed 60,000, hitting a new all-time high; at the same time, the average block size and Gas consumption on that day both reached historical highs.
OKB has broken through $210, continuing to hit a new all-time high, currently trading at $209.13, with a 7-day gain of 91.49%. At present, the total market value of OKB is $4.39 billion, ranking 32nd in market value.
8. Messari Releases BNB Chain Q2 Report, DEX Trading Volume Ranks First Across Chains link
The latest BNB Chain Q2 2025 report released by Messari shows that the market capitalization of BNB increased by 7.5% quarter — on — quarter to $92.6 billion, and the on — chain revenue decreased by 37.5% to $44.1 million due to the reduction of Gas fees. The average daily trading volume doubled quarter — on — quarter to 9.9 million, and the daily active addresses increased to 1.6 million. DeFi TVL rose to $9.95 billion, and the average daily trading volume of DEX was $3.3 billion, ranking first among all chains. The market capitalization of stablecoins increased to $10.5 billion, and the market capitalization of USD1 in the first quarter reached $2.2 billion.
9. Story Co — Founder Jason Zhao Announces Stepdown from Full — time Role, Transitions to Strategic Advisor link
Jason Zhao, co-founder of Story, announced his resignation from his full-time position to take on the role of strategic advisor and will focus on the new AI project Poseidon. He stated that Story was his most meaningful experience over 3.5 years, and the project has completed over $130 million in financing. However, this move has raised doubts from the community. Many comments pointed out that Story lacks actual products and long-term value, criticizing that it announced the exit shortly after the Token Generation Event (TGE), leaving an uncertain technical and ecological outlook.
10. Kanye West Announces Launch of Meme Coin YZY on Solana link
Famous rapper Kanye West posted tweets and videos, announcing the launch of a meme coin named “YZY” on the Solana blockchain. According to GMGN data, the market value of this token surged to a high of $2.04 billion after its release and has now fallen back to around $700 million. In addition to the YZY token, its official website also introduces a crypto payment processor called YE Pay and a debit card tool YZY Card. Conor Grogan, a director at Coinbase, tweeted that at least 94% of YZY tokens are held by insiders; 87% of the tokens are held by a single multi-signature wallet (which has now been dispersed to multiple wallets); over 3% of the tokens were purchased by multiple (pre-prepared) wallets through single large transactions when the market opened; and over 7% of the tokens are in the liquidity pool.
According to Bubblemaps analysis, the first buyer of YZY was trader Naseem, who once profited over $100 million from TRUMP. On-chain data shows that the address AwY1V first bought YZY with $250,000 on August 21, then sold it for a profit of $800,000, and currently still holds YZY worth about $600,000. This address is highly associated with multiple wallets that Naseem used to target projects such as TRUMP and LIBRA in the past.
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