Weekly Project Updates: WLFI Adds DeFi Modules like Lending, OpenSea to Fully Shut Down Legacy Version, Optimism Governance Concentration Worsens, etc

Jun 14, 2025

1. SharpLink Gaming Acquires 176,270.69 ETH for $463 Million, Holding Second Only to Ethereum Foundation link

SharpLink Gaming (SBET) announced that it has acquired 176,270.69 Ethereum (ETH) at a total cost of approximately $463 million, with an average purchase price of $2,626 per coin. This makes it the listed company with the largest ETH — holding globally, second only to the Ethereum Foundation. The company stated that more than 95% of its ETH holdings have been used for staking and liquid staking, to support the Ethereum network and obtain native yields.

2. Biometric Authentication Project World to Launch in London This Thursday link

The biometric authentication project World, co-founded by OpenAI CEO Sam Altman, will launch in London this Thursday and plans to expand to major UK cities including Manchester, Birmingham, Cardiff, Belfast, and Glasgow in the coming months. World uses a spherical device called Orb to scan human eyes and generate unique iris codes to verify whether users are human, aiming to address AI abuse risks such as deepfakes.

3. Polygon Unveils “Gigagas” Roadmap, Plans to Scale to 100,000 TPS in Three — Stage link

Polygon has released the “Gigagas” scaling roadmap, planning to expand the network to 100,000 TPS in three phases to support global payments and the on — chain of real — world assets (RWA). In the short term (by July 2025), it will be upgraded to 1,000 TPS through the Bhilai upgrade, the transaction finality time will be shortened to about 5 seconds, and the stability of gas fees will be optimized; the target within the year is to increase to 5,000 TPS, access Agglayer to achieve cross — chain liquidity, and introduce a single — block finality mechanism to eliminate the risk of chain reorganization; in the long term, with the help of a more efficient verification architecture and Agglayer to expand connections, it will be promoted to 100,000 TPS to support large — scale institutional trading and payment needs.

4. Cardano Founder Launches Bitcoin DeFi Protocol Cardinal on Cardano link

Charles Hoskinson, the founder of Cardano, has announced the launch of Cardinal, the first Bitcoin DeFi protocol on Cardano. The protocol achieves non — custodial cross — chain functionality through MuSig2 multi — signature technology, enabling users to directly use Bitcoin UTXOs to participate in lending and staking operations on the Cardano chain. It is also compatible with Ordinals inscriptions as collateral. The technical solution includes the BitVMX off — chain verification system and supports interaction with public chains such as Ethereum and Solana. This is the first solution that allows Bitcoin to access the Cardano ecosystem without the need for custody.

5. Trump Family Project WLFI Adds Swap, Bridge, Lending and Other Modules to Official Website link

The official website of the Trump — family project WLFI has been updated. Under USD1, new modules such as Bridge and Swap, as well as a separate lending module and WLFI APP module, have been added. However, for now, except for the Bridge module, other functions are still in the “soon” state and have not been officially launched.

6. Safe Establishes Safe Labs to Address Bybit Attack and Reshape Institutional Development Strategy link

Safe has announced the establishment of a new development entity, Safe Labs, aiming to integrate technical operations, reshape the product roadmap, and address the security challenges exposed by the Bybit hacking incident related to North Korea in February this year. Although the core contracts of Safe were not affected, its front — end applications were attacked. Safe Labs will operate as a development department under the Safe Foundation, replacing the previous outsourced development model, with the aim of meeting the security and usability needs of both the crypto — native community and institutional users.

7. OpenSea to Completely Shut Down OS1 Version on June 16th link

NFT trading platform OpenSea has announced that it will fully phase out the OS1 version on June 16. The new OS2 version will no longer support features such as Deals, English auctions, testnet support, and shopping carts. The platform explained that these features have low usage rates, and the “trading negotiation” function has compatibility issues with the ERC 721-C royalty mandatory contract. Some users expressed dissatisfaction, believing that the cancellation of “Deals” will increase the risk of fraud. This feature was launched in July 2023, allowing users to customize NFT exchange plans.

8. Ether Fi’s ETH Staking Volume Up 30% in Past 6 Months, Lido Down 9% link

In the past six months, Ether Fi’s ETH staking volume has increased by 30%, while Lido’s has decreased by 9%. Among them, Ether Fi has seen an increase of 316,322 ETH staked in the past month. It is worth noting that Lido’s market share has dropped from around 30% during the period from the middle of 2022 to the middle of 2024 to 25.6% currently.

9. Optimism Governance Concentration Intensifies: Over 50% of Voting Rights Controlled by 18 Addresses link

According to the research on Optimism governance by on — chain analyst mrwildcat, in the latest quarter, nearly 80% of the votes in Optimism (from more than 30,000 voters) came from voters who were delegated 1 less OP. Although the number of these voters is large, their actual voting influence is almost zero. The number of addresses controlling more than 50% of the delegated voting rights has reached an all — time high, with 18 delegators. However, the number of representatives required to reach a quorum is very stable, always less than 8. In addition, the current market value of the delegated OP is close to the historical low.

10. NFT Market Solsniper to Close at 12 Noon (PST) on June 13, 2025 link

The Solana — based NFT marketplace Solsniper has announced that it will shut down its NFT marketplace at 12:00 noon (PST) on June 13, 2025. All NFTs will be automatically delisted, bids will be cancelled, and the relevant balances will be refunded to users’ wallets. The platform stated that due to the unsustainable operation over the past year, it has decided to terminate the marketplace function. However, it will retain the reward leader — board records and plans to continue using them in future incentive programs.

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