Crypto Weekly Roundup: Key Events and Developments
WLFI Proposes 100% Buyback and Burn Plan
WLFI’s community voted on a bold 100% buyback-and-burn plan. This follows last week’s freeze of 272 wallets linked to security threats. The buyback could significantly reduce WLFI’s token supply. The move aims to boost the token’s value but carries risks.
SwissBorg Responds to $41 Million SOL Hack
SwissBorg confirmed a $41 million hack involving SOL tokens. The platform assured users they will not bear any losses. SwissBorg took full responsibility for the breach. Its partner, Kiln, paused ETH validator operations to reduce further risks.
Polygon Recovers After Network Issues
Polygon faced block finality delays that unsettled users and markets. Developers quickly released a hard fork to restore consensus. The update helped POL tokens recover. The incident highlighted vulnerabilities even in major scaling networks.
Linea Network Experiences Production Halt
Linea Network paused block production for 46 minutes. The halt caused user frustration, especially over its airdrop strategy. Consensys CEO Joseph Lubin intervened, promising improved operations moving forward.
Hyperliquid Sets Governance Vote for September 14
Hyperliquid scheduled a key governance vote on September 14 for its USDH stablecoin. Ethena withdrew from the race, leaving Native Markets as the main contender. The vote will decide who controls stablecoin issuance in the ecosystem.
Gemini Leads $4 Billion IPO Surge
Gemini spearheaded a $4 billion wave of crypto IPOs this week. The exchange’s move signals growing Wall Street interest in crypto firms. CoinShares also announced a $1.2 billion Nasdaq listing deal with Vine Hill Capital. These deals suggest IPO activity is rising in crypto.
Nemo Protocol Suffers $2.6 Million Exploit
Nemo Protocol lost $2.6 million due to unaudited code deployed prematurely. The incident renewed calls for strict audits before projects launch on mainnet. Developer accountability remains a critical issue in crypto security.
Crypto Supports Protesters in Nepal
During deadly protests in Nepal, crypto played a vital role. With normal communication down, people used Bitchat to share messages and warnings. This showed crypto’s importance beyond markets, as a tool for survival.
Additional News Highlights
- Galaxy Digital purchased $536 million in Solana from Binance and Bybit, signaling strong institutional interest.
- SSV Labs reassured users after validator slashing incidents, confirming the protocol remains secure.
- CoinShares plans a Nasdaq listing through a $1.2 billion deal with Vine Hill Capital, marking its U.S. market entry.
- Coinbase sued the SEC over allegedly deleted messages from Gary Gensler, escalating regulatory tensions.
- THORChain’s co-founder lost $1.3 million in a Zoom scam, highlighting growing social engineering threats.
Major Security Alert: JavaScript NPM Supply Chain Attack
A large-scale supply chain attack targeted popular JavaScript packages like Chalk, Strip ANSI, and Color Convert. These packages have over one billion
