The probability of Trump being elected as the US president hit a new high on Polymarket, with BTC reaching 68,000 USDT during the week.
Written by Alex Liu, Foresight News
Map: Kiet, Foresight News
Note: "Weekly Hot Searches" counts the user search results of Foresight News from last Friday to this Thursday (October 11 to October 17), and the capitalization of the same concepts is merged.
Sui ranks first in popularity
The popularity of "Sui" continues to rise, ranking first in popularity.
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At present, Sui is still very popular, overshadowing other public chains. However, Aptos, one of the twin stars of Move, has seen frequent price and ecological movements recently, and deserves more attention. If you ambush in the current Aptos ecological blue ocean and less competitive stage, you may get unexpected gains. Recommended reading: Gold Rush Manual | Airdrops + High-yield Opportunities Not to Be Missed on Aptos
Cryptocurrencies surge on optimistic election outlook
The probability of "Trump" being elected as the US president on Polymarket (crypto prediction market) has hit new highs recently. Since Trump is seen as a candidate with friendly crypto policies, the market has been rising this week and has reached the 68,000 USDT mark.
Although Trumpâs coming to power is good for crypto, are the crypto projects he supports really reliable?
WLFI
The Trump family's crypto project World Liberty Financial "WLFI" released its vision. The protocol aims to become a one-stop service platform for DeFi, combining the blockchain industry's leading technology with strategic partnerships and extensive distribution channels to achieve large-scale adoption. WLFi will also launch a governance platform to help shape the protocol through governance. In addition, WLFi plans to run independent "instances" on Ethereum and Scroll, but they must go through the WLFi governance platform approval process.
The project has gained the participation of professionals in the industry: According to The Block Pro, Rich Teo, former CEO of blockchain financial services company Paxos, has joined the Trump family's crypto project WLFI as head of stablecoin and payment business.
But the project's public token sale performed poorly: According to CoinDesk, the Trump family-backed crypto project World Liberty Financial (WLFI) sold only 4% of its expected token sale target 24 hours after going online. WLFI sold more than 792.36 million tokens and raised $11 million, falling short of its $300 million target. The price of each token was $0.015, and the average token purchased by holders was less than $1,000.
This may be related to its harsh token terms: according to its updated WLFI token sales terms and conditions, WLFI is only used for governance and not as an investment tool; all WLFI is currently locked in wallets or smart contracts indefinitely and cannot be transferred; if you want to unlock the transferability of WLFI through the protocol governance procedure in the future, the following conditions must be met: determine that it does not violate applicable laws and at least 12 months after the completion of the token sale; because the tokens are not transferable, the company has not taken any action at present and does not plan to create a secondary market for the tokens; no refunds are available after the purchase of tokens unless required by applicable law; WLF reserves the right to reject or cancel token purchase requests.
At the same time, according to the documents, about $30 million of the initial revenue was designated as a reserve to pay operating expenses and other financial obligations. DT Marks DEFI LLC, a Delaware company associated with Trump, will receive 75% of the net agreement revenue. The Trump family will receive 22.5 billion WLFI tokens, which are worth about $337.5 million based on the issue price of 1.5 cents this week. The remaining 25% of the net agreement revenue will belong to Axiom Management Group (AMG), a Puerto Rican company wholly owned by project co-founders Chase Herro and Zachary Folkman. AMG has agreed to distribute half of its profit rights to WC Digital Fi, an affiliate of Trump's close friend and political donor Steve Witkoff and some of his family members.
This means that Trump affiliates will receive 75% of WLFIâs net income and bear no liability.
GOAT
The popularity of "Meme" is still rising. Is it really a "Meme super cycle"? What is the latest hot topic, the meme coin "Goat" that is said to have AI involved? Recommended reading: "I ride the narrow "GOAT" under my crotch and run towards the endless abyss" to see the most complete timeline and future vision of GOAT.
More hot words
The Puffer claim window is now online. After claiming, you can stake PUFFER, participate in governance through vePUFFER staking, increase rewards, and earn more points.
StakeStone announced that it will support the Trump family's crypto project World Liberty Financial "WLFI", and will carry out relevant liquidity cooperation with its official partners "Scroll" and AAVE. More details will be disclosed later.
At the 10th Blockchain Global Summit held by Wanxiang Blockchain Lab, David Chiu, a member of the Legislative Council of the Hong Kong Special Administrative Region (Technology and Innovation), said, "I hope that Hong Kong can surpass the density of wealth management in Switzerland in the future. The government will consult on legislative proposals to regulate over-the-counter transactions of virtual assets in the next stage, and introduce independent regulatory legislation for virtual asset custody services."
According to Sing Tao Daily, CMB Wing Lung Bank has officially launched virtual asset exchange-traded open-end index funds (ETFs) trading services in the Hong Kong stock market, becoming one of the first Chinese banks in Hong Kong to provide virtual asset ETF trading services.
Uniswap Labs, the development team of decentralized exchange Uniswap, announced the launch of its own Layer 2 network "Unichain". The network is built on Optimismâs OP Stack technology and is scheduled to go live on testnet on October 10, with mainnet launching later this year. Unichain will introduce several technological innovations, including a Trusted Execution Environment (TEE) developed in partnership with Flashbots for block construction, and a community verification network. TEE is expected to reduce block construction times to 200-250 milliseconds, significantly faster than the Ethereum mainnet and other Layer-2 networks.
Modular data layer CARV announced that it will transfer 1.2% of the CARV token distribution to Aethir, specifically for staking pools. Users will have the opportunity to stake their CARV tokens and earn veCARV, and veCARV holders will receive voting rights within the CARV ecosystem. CARV said that the partnership with Aethir enables it to support game developers more effectively, ensuring that part of the tokens are used to promote game development and innovation.
This week's hot searches also reflect a trend: the popularity of "Ton" is declining.
