Hey frens 👋
Another week, another rollercoaster in Web3. From Bitcoin breaking $110K to Trump’s family token drama, DeFi hacks hitting record levels, and meme coins literally invading WNBA courts — the space continues to prove it’s part-finance, part-entertainment, part-chaos.
Here’s everything you need to know to stay informed, ahead, and ready to act.
📈 Markets: Quiet Strength With Big Sector Rotations
The crypto market showed modest but important gains this week.
- Bitcoin (BTC): Broke $110,000 mid-week, topping out at $113K before cooling around $111,000. Institutional flows remain strong. Mining profitability is up — one miner reported $2,442/month net profit with 26 machines.
- Ethereum (ETH): Slipped slightly to $4,298 despite record ETF inflows of $3.87B in August. Validator exits (~$5B ETH queued for withdrawal) weighed on price.
- Solana (SOL): Around $250, boosted by ETF filings and treasury raises.
- XRP: Hovering near $2.99 on ETF rumors.
- RWAs (Real-World Assets): The week’s standout sector, up 6%. Analysts say RWAs could grow into a $10T asset class, potentially pushing ETH to $41,000 in the future.
👉 Track live prices: CoinDesk | CryptoNews
| Asset | Price (Sept 3) | Weekly Change | Drivers |
|---|---|---|---|
| Bitcoin (BTC) | $111,019 | +1.5% | Institutional buying, mining profitability |
| Ethereum (ETH) | $4,298 | -0.5% | ETF inflows vs. validator exits |
| Solana (SOL) | ~$250 | +2% | Treasury raises, ETF buzz |
| XRP | $2.99 | +1% | ETF speculation, on-chain activity |
🏛️ Trump’s WLFI Token Scandal
One of the loudest stories of the week: Trump family’s WLFI token.
- WLFI’s value has now ballooned into $6B+ in family holdings, making it their single largest asset.
- Critics (like former U.S. Labor Secretary Robert Reich) are calling it “a corrupt crypto scheme.”
- The timing is controversial: Trump is lobbying for lighter crypto rules while profiting directly from a token.
- Token unlock on Sept 1 released 20% more supply, creating both hype and sell-off risk.
👉 More on WLFI: Weex
🔐 Security: A $163M Wake-Up Call
DeFi continues to be the weakest link in Web3.
- August alone saw 16 exploits, totaling $163M in losses — up 15% from July.
- Major incidents:
- BetterBank → $4.1M lost (partial refund by hacker)
- BtcTurk → $49M drained (their second hack since 2024)
- SuperRare NFT exploit → $731K stolen
- A single victim lost 783 BTC (~$91M) to a fake support scam
AI-driven phishing is on the rise. Lesson: stick to audited protocols, avoid suspicious DMs, and use hardware wallets.
👉 Full security report: TechRound
🐂 Meme Coins & Viral Mayhem
Crypto culture was as wild as the charts this week:
- MoonBull ($MOBU): Riding whale accumulation and September hype, up significantly.
- FLOKI ($FLOKI): Still holding a $2B+ market cap thanks to relentless community marketing.
- Bitcoin Hyper ($HYPER): Forecasts of 1000x potential driving buzz.
- WNBA Stunt: A group promoting a memecoin threw neon green sex toys onto courts during multiple games. Players condemned it as misogynistic and unsafe, but the coin trended.
👉 Explore meme coins: CoinCentral
| Meme Coin | Market Cap | Why Trending |
|---|---|---|
| MoonBull ($MOBU) | $50M+ | Whale buying, September narrative |
| FLOKI | $2B+ | Strong community, partnerships |
| Bitcoin Hyper ($HYPER) | $100M+ | 1000x predictions |
| Maxi Doge ($MAXI) | Emerging | Leverage + meme narrative |
🎁 Airdrops: September Is Here
It’s airdrop season, and communities are buzzing.
- Linea: Eligibility checker launched → Check here
- Morph: Bitget partnership adds 120M potential users; $35M reward pool.
- Hyperwave, NPRO, Syntetika, Billions Network: Presales + community tasks driving hype.
- Wallet V: Announced a Mobile Airdrops Launchpad after crossing $100M in 30 days.
👉 Full airdrop list: Airdrops.io
🌍 Global Moves & Institutional Plays
- Galaxy, Jump, Multicoin are pooling $1B+ to buy Solana.
- Biotech firms are adding crypto to their balance sheets to attract retail investors.
- South Korea now shares crypto transaction data with 48 countries → global KYC tightening.
- Chainlink to distribute U.S. GDP data on Solana & Avalanche → major TradFi x Web3 bridge.
👉 More details: CryptoNews
🔮 What to Watch Next
- RWAs & Ethereum: $10T opportunity could push ETH into five-figure territory.
- ETH staking yields (~3%) → Wall Street positioning ETH as a bond-like asset.
- Pump.fun → Viral Solana tool making meme-token launches effortless.
- AI + Blockchain → Projects like EternalAI and Cysic show where the next big narrative may emerge.
- Events: WOW Summit (Hong Kong, Sept 9–10) & CoinferenceX (Singapore, Sept 29–30).
👉 Event calendar: CryptoNewsZ
✅ Key Sources for Deeper Reading
- TS2 Tech: BTC Breaks $110K
- FinanceFeeds: DeFi Growth
- CoinCentral: Meme Coin Watch
- Weex: Linea Airdrop
- CryptoEvents Calendar
✌️ Closing Note from Your Web3 Guy
This week was a snapshot of what makes Web3 different from any other market: macro-scale finance, messy politics, cultural chaos, and endless opportunity.
- If you’re investing → Watch RWAs, staking, and ETH unlocks.
- If you’re building → Security should be priority #1.
- If you’re farming → September airdrops are where the action is.
Stay sharp. Stay curious. And never forget: in Web3, attention is liquidity.
See you next week,
– Your Web3 Guy
Leave a comment