WLFI debuted with a reported $25 billion opening market capitalization while Bitcoin trades around $110,000, a sign of renewed momentum across crypto markets. The WLFI team says it will use operating revenue to buy back tokens, a strategy that could support price but depends on execution.
On-chain and market activity showed mixed signals: gold reached record highs even as BTC remains firm and some large holders appear to be reallocating toward Ethereum. HYPE recorded roughly $100 million in monthly fees, while TRON cut network fees by about 60%, a move likely to spur more transactions on that chain.
Institutional interest remains notable: Metaplanet disclosed a $112 million Bitcoin purchase, and exchanges are positioning for broader asset flows—Coinbase and OKX are eyeing participation in parts of Australia’s pension market. In a first for the region, a Chinese state-owned enterprise reportedly issued a real-world-asset digital bond on Ethereum, highlighting growing institutional experimentation with on-chain securities.
On the technical front, developers are exploring mechanisms to tokenize burned ETH, potentially creating liquid instruments tied to permanent supply reductions. Sonic Labs passed a $150 million proposal to fund U.S. expansion, underscoring ongoing ecosystem investment and governance activity.
Why this matters: launches, buyback plans, institutional buys, fee reforms and RWA issuance together point to a maturing market — but also to persistent volatility. Investors should weigh potential upside against execution, regulatory and market risks; this is not investment advice.
Source: Decrypt. Read the original coverage for full details.