Crypto Morning Brief: ETH hits all-time high, WLFI to launch on Ethereum mainnet September 1
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Crypto Morning Brief: ETH hits all-time high, WLFI to launch on Ethereum mainnet September 1
Listed company ETHZilla plans to increase its rights issue fundraising target to $10 billion to continue purchasing ETH.
Navigating Web3 tides with focused insightsAuthor: TechFlow
Yesterday's Market Dynamics
ETH breaks above $4,900 in early morning hours, hits all-time high
HTX market data shows that ETH broke above $4,900 this morning, peaking at $4,956—its highest level ever—and is now trading at $4,781.
U.S. government acquires 10% stake in Intel, total investment approximately $8.9 billion
U.S. Secretary of Commerce Lutnick posted: "The United States now holds a 10% stake in Intel, one of America’s leading technology companies. This historic agreement will solidify U.S. leadership in semiconductors, driving economic growth and ensuring American technological superiority. Thank you to Intel CEO Lip-Bu Tan for reaching this fair and reasonable deal for both Intel and the American people."
Intel stated that the U.S. government purchased 433.3 million shares of common stock at $20.47 per share, totaling an investment of about $8.9 billion for a 10% equity stake. Intel noted this price was below the prevailing market value. Intel (INTC.US) closed up 5.53%, at $24.80, with trading volume of $4.785 billion.
Earlier, Trump indicated he was considering acquiring a 10% stake in Intel through transactions and would pursue more such deals.
World Liberty Finance (WLFI) to launch on Ethereum mainnet September 1; early investors to unlock 20%
Trump family project World Liberty Finance (WLFI) announced it will go live on the Ethereum mainnet on September 1, enabling claiming and trading.
Early supporters (those from the $0.015 and $0.05 rounds) will unlock 20%, while the remaining 80% will be decided by community voting. Tokens allocated to founding team members, advisors, and partners will not be unlocked.
Trading will begin and 20% token claims will start at 8 PM Beijing time on September 1. The two-step claiming process requires user action on the official website:
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Step 1 (before September 1): Activate the vesting contract on the official site (this transfers WLFI into the unlocking contract);
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Step 2 (starting at 8 PM on September 1): Claim 20% of unlocked tokens.
Claim that “Aave will receive 7% of total WLFI supply” is false
According to Wu Talk, the WLFI team has clarified to Wu Talk that the claim "Aave will receive 7% of the total WLFI supply" is false.
Previously, a community member claimed: "Per the previously published proposal, AaveDAO would receive 20% of protocol fees generated by the WLFI Aave v3 instance and approximately 7% of the total WLFI token supply." The WLFI team told Wu Talk this information is incorrect.
"LayerZero acquires Stargate" proposal passes vote, STG tokens can now be converted to ZRO
According to the Snapshot voting page, StargateDAO members voted nearly 95% in favor of LayerZero's acquisition of Stargate (STG). STG token holders can convert their tokens to ZRO starting Monday on stargate.finance.
Stargate, previously a core liquidity hub in cross-chain infrastructure, focused mainly on cross-chain bridging, token expansion, and stablecoin services. Following the acquisition, LayerZero plans to rapidly roll out a full financial infrastructure suite via Stargate, including token swaps and treasury management.
Ondo Finance announces tokenized stocks to launch on September 3
Ondo Finance announced on X that tokenized stocks will launch on September 3.
Earlier, Ondo Finance announced it would launch its on-chain U.S. stock platform, Ondo Global Markets, this summer, initially bringing over 100 U.S. stocks on-chain and expanding to thousands by year-end.
Pudgy Penguins CEO: Collaborating with finance experts, planning IPO within two years
According to Decrypt, Pudgy Penguins is planning an initial public offering (IPO) by 2027. CEO Luca Netz revealed the company expects to generate a record $50 million in revenue this year and has begun working with financial experts to make its PENGU token and NFTs more accessible to retail and institutional investors. Netz said: "If we don’t go public within the next two years, I’ll be disappointed in myself—please hold me accountable." Additionally, the company is exploring tokenized stocks as an alternative, allowing investors to participate via on-chain trading platforms.
Du Jun: Received multiple invitations for ETH and SOL treasury entities, one starting with 300,000 ETH
Du Jun, founder of Vernal and co-founder of ABCDE, posted on social media: "Chinese institutions were slightly late to adopt the 'MicroStrategy model,' but have quickly caught up. Currently, I’ve been invited to join three ETH and two SOL 'MicroStrategy-style' treasury initiatives, all in progress—one ETH DAT initiative starts with 300,000 ETH."
Publicly traded ETHZilla plans to increase share issuance fundraising target to $10 billion to continue buying ETH
Strategic ETH Reserve announced on X that Nasdaq-listed Ethereum treasury firm ETHZilla (formerly 180 Life Sciences Corp.) has revised its prior securities sales agreement. The amendment includes a prospectus supplement and accompanying prospectus for the issuance of common stock. Under the revised terms, the company may raise up to $10,000,000,000 through issuing and selling shares of common stock to support continued ETH purchases.
Michael Saylor re-posts Bitcoin Tracker info, likely to disclose accumulation data next week
Strategy (formerly MicroStrategy) Executive Chairman Michael Saylor reposted Bitcoin Tracker information on X.
Based on past patterns, he typically discloses Strategy’s latest Bitcoin accumulation data the day after posting the Bitcoin Tracker update.
This week, tokens including HUMA, SAHARA, and JUP face large unlocks
According to Token Unlocks data, several tokens will undergo significant unlocks this week:
Huma Finance (HUMA) will unlock approximately 378 million tokens at 9 PM Beijing time on August 26, representing 23.38% of current circulating supply, worth about $10 million
Sahara AI (SAHARA) will unlock approximately 84.27 million tokens at 8 PM Beijing time on August 26, representing 3.97% of current circulating supply, worth about $7.3 million
Jupiter (JUP) will unlock approximately 53.47 million tokens at 10 PM Beijing time on August 28, representing 1.78% of current circulating supply, worth about $27.1 million
Sophon (SOPH) will unlock approximately 267 million tokens at 9 PM Beijing time on August 28, representing 12.94% of current circulating supply, worth about $8.9 million
Kamino (KMNO) will unlock approximately 229 million tokens at 8 PM Beijing time on August 30, representing 6.81% of current circulating supply, worth about $13.3 million
Renzo (REZ) will unlock approximately 448 million tokens at 7 PM Beijing time on August 30, representing 11.36% of current circulating supply, worth about $6.2 million
Sui (SUI) will unlock 44 million tokens at 8 AM Beijing time on September 1, representing 1.25% of current circulating supply, worth $161 million.
Market Updates
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