Daily Crypto Update: WLFI Launch & Bitcoin Movements

The Daily: Trump-backed WLFI token launches on exchanges, OG Bitcoin whale shifts billions into Ethereum, and more. Happy Monday! While it's Labor Day in the U.S., the crypto market is buzzing with activity. Today, the DeFi project backed by the Trump family, World Liberty Financial, has released its first batch of WLFI tokens for trading. In today’s issue, we spotlight an OG Bitcoin whale making significant transfers into Ethereum, Metaplanet reaching a remarkable 20,000 BTC in holdings, Sonic Labs gearing up for expansion into U.S. capital markets, and more. Let’s dive in. P.S. Don’t miss out on The Funding, our biweekly update on crypto VC trends—it’s free to subscribe! **OG Bitcoin Whale Increases BTC to ETH Rotation** An OG Bitcoin whale has sold thousands of BTC over the weekend and into Monday, making a strong move into Ethereum. **Metaplanet Reaches 20,000 BTC Milestone** Japan's leading Bitcoin treasury firm, Metaplanet, has acquired an additional 1,009 BTC for approximately $112 million at an average price of $111,068 each, bringing its total to 20,000 BTC. **Sonic Approves $150 Million Expansion Proposal** Sonic's blockchain community has nearly unanimously approved a $150 million proposal to support a Nasdaq private investment in a public equity treasury vehicle and launch a regulated ETF for its S coin. **Binance Taps Former Crypto.com Executive** Binance has appointed SB Seker, a previous executive from Crypto.com, as its new Head of APAC to spearhead its regional strategy and regulatory engagement. **Upcoming Film: "Killing Satoshi"** Pete Davidson and Casey Affleck will star in "Killing Satoshi," a conspiracy thriller exploring the mystery behind Bitcoin's creator, set for release in 2026. **In the Next 24 Hours** Never miss out on key developments with The Block’s daily digest featuring the most influential happenings in the digital asset ecosystem. *Disclaimer: This article was created with the assistance of OpenAI’s ChatGPT and has been reviewed by our editorial team. The Block operates independently to provide objective and impactful news about the crypto industry.* © 2025 The Block. All rights reserved. This article is for informational purposes only and should not be construed as legal, tax, investment, or financial advice.