Pre-market Cryptocurrency Stocks Mixed, WLFI Finance Company ALTS Plunges 9.3%

On September 3rd, Pump.fun, the token launchpad within the Solana ecosystem, announced the Dynamic Fee V1 update. The creator fee for tokens will now be tiered according to market capitalization. This implies that the higher the token's market capitalization, the lower the percentage of the creator fee. This fee structure is applicable to all PumpSwap tokens, whether they are old or new. The Pump.fun protocol fees and the fees that are automatically compounded to liquidity providers (including burned LPs) remain unchanged from before.

On September 3rd, Joseph Chalom, the Co-CEO of SharpLink which is the second-largest treasury company in Ethereum, published an article to explain why ETH is favored by Wall Street capital. He stated that Ethereum is the place where capital wants to go. With 10 years of continuous operation, it ensures the storage of trillions of dollars in value. At the same time, the new foundation leadership is making significant progress at the L1 level. Therefore, SharpLink is very optimistic about the entire Ethereum ecosystem, including L1 and L2, believing that it will attract capital attention. Since Ethereum on-chain transactions are secure and ongoing, SharpLink believes that ETH is a high-quality treasury asset - the world's first truly trusted commodity with productivity, profitability, programmability and is rapidly becoming a core institutional digital asset.

September 3rd: In response to a security incident where users fell victim to a phishing attack, the Venus Protocol has released an emergency vote. This has prompted the protocol to quickly pause in order to protect asset safety. The team has proposed a partial protocol recovery to adjust positions and prevent liquidation. Additionally, a forced liquidation of the attacker's wallet is also part of the plan. The protocol will be fully restored once the security review is completed. The vote encompasses: - Partial recovery of the Venus Protocol within 5 hours (allowing for debt repayment/supply of funds); - Recovery of stolen funds within 7 hours; - Security review of Venus within 24 hours to prevent any other users from experiencing similar attacks. Full recovery of Venus - Updates and timelines will be announced separately.

On September 3rd, Coinbase International is set to list ZEN, UMA, and GMX perpetual contracts. The markets for ZEN-PERP, UMA-PERP, and GMX-PERP will commence on September 4, 2025, at 9:30 AM (UTC) or thereafter.

On September 2nd, Linea officially made an announcement regarding the launch of the Linea Ignition liquidity incentive program, which is open to the entire community. The program is designed to expedite the growth of active TVL on Linea, provide rewards to liquidity providers, and Power Linea is also scheduled to introduce the Native Yield feature. The Linea Ignition liquidity incentive program will allocate 1 billion LINEA tokens as incentives, and the end date of the program is October 26, 2025.