Weekly Crypto Roundup: WLFI Ignites Rally, Polygon Faces Hurdles, SwissBorg Delivers Bombshell

Markets surge as WLFI tokens defy gravity while Polygon's network hiccups trigger trader anxiety—just another week where digital assets outperform traditional finance's 0.5% savings accounts.

WLFI's Meteoric Rise

Speculators pile into the nascent token, pushing valuations into stratospheric territory as FOMO overwhelms rational analysis. The rally showcases crypto's relentless capacity for creating—and destroying—wealth at lightspeed.

Polygon's Technical Struggles

Network congestion returns to haunt the scaling solution, triggering flash crashes and delayed transactions. Developers scramble to patch vulnerabilities while decentralized applications strain under unexpected load.

SwissBorg's Regulatory Earthquake

The wealth management platform drops a compliance bombshell, restructuring services across multiple jurisdictions. European users face new verification hurdles as the platform preempts coming regulatory crackdowns.

This ecosystem never sleeps—bulls charge ahead while skeletons rattle in closets. Always forward, never stagnant.

Top Headlines of the Week

WLFI’s Bold Buyback Gambit

WLFI kept itself in headlines as the community voted on a dramatic 100% buyback-and-burn plan. The MOVE followed last week’s decision to freeze 272 wallets tied to security threats — a step that divided opinions. 

If the buyback goes through, WLFI could drastically cut supply and potentially spark a new narrative around the token’s value. It’s bold, it’s risky, and everyone’s watching.

SwissBorg Covers $41M Hack

Security fears returned after SwissBorg confirmed $41 million worth of SOL had been drained in a hack. The platform promised users won’t shoulder the loss, taking responsibility for the hit itself. Partner firm Kiln also pulled back from ETH validator operations to limit further risks. Polygon’s Fork to the Rescue

Polygon’s Fork to the Rescue

Polygon had a shaky week after block finality delays rattled users and the market. Developers quickly pushed a hard fork, restoring consensus and helping POL recover. The patch worked, but it also showed that even big scaling networks can slip.

Linea Faces Rough Waters

Linea Network also stumbled with a 46-minute production halt. Tensions ROSE further after backlash over its airdrop strategy, forcing Consensys CEO Joseph Lubin to step in and promise smoother operations ahead.

Hyperliquid’s Governance Test

Hyperliquid locked in September 14 for its USDH vote, a key moment for the project’s future. Ethena pulled out to focus on product work, leaving Native Markets as the frontrunner. The outcome will decide who takes charge of stablecoin issuance inside the ecosystem.

Gemini Steals the Spotlight With $4B IPO Push

Gemini made the week’s biggest splash, driving a $4 billion IPO wave. It showed how exchanges are leaning into Wall Street to boost credibility. Right after, CoinShares revealed its own Nasdaq listing plan in a $1.2B deal with Vine Hill Capital. Together, the moves fed the sense that IPO fever in crypto is only getting started.

Nemo Protocol’s Costly Mistake

Nemo Protocol suffered a $2.6M exploit tied to unaudited code pushed live too soon. The fallout reignited debate about developer responsibility and why audits remain non-negotiable for projects heading to mainnet.

Crypto in Nepal’s Protests

Far from trading floors, crypto showed up where it mattered most in Nepal. Deadly protests shut down normal communication, and Bitchat became the people’s lifeline. Messages, updates, warnings — everything flowed through it. A stark reminder that crypto isn’t just about markets; sometimes it’s about survival.

News You Might Have Missed

• Galaxy Digital bought $536M worth of Solana from Binance and Bybit, showing that big institutions are still betting on crypto.
• SSV Labs said everything’s fine after some validator slashing incidents and reassured users the protocol is safe.
• CoinShares is going public through a $1.2B deal with Nasdaq-listed Vine Hill Capital, marking its U.S. debut.
• Coinbase vs. SEC escalated as the exchange dragged the regulator to court over allegedly deleted messages from Gary Gensler.
• THORChain’s co-founder was duped out of $1.3M in a Zoom scam, showing how social engineering threats are getting sharper.

Top Highlight

This week, the crypto world narrowly avoided chaos after a JavaScript NPM supply chain attack. Malicious code was injected into popular packages like Chalk, Strip ANSI, and Color Convert, which together see over a billion downloads weekly. The code aimed to swap crypto wallet addresses and hijack transactions. 

🚨 There’s a large-scale supply chain attack in progress: the NPM account of a reputable developer has been compromised. The affected packages have already been downloaded over 1 billion times, meaning the entire JavaScript ecosystem may be at risk.

The malicious payload works…

Fortunately, the attack was spotted when an old Node.js version crashed, revealing the obfuscated code. If unnoticed, it could have caused massive losses across the ecosystem.

What to Expect Next Week?

Next week, all eyes will be on Hyperliquid as the USDH governance vote takes place. WLFI’s buyback plan is also in the spotlight and could shift how people feel about the token. Polygon will need to prove its network is stable after the recent fork, while the SwissBorg hack fallout will still be talked about. On the institutional side, traders will watch closely to see if the IPO momentum keeps building.