Weekly Hot Project Updates: Pumpfun Token Sale Imminent, WLFI Launches Official Wallet, Yuga Labs CEO Proposes Dissolution of ApeCoin DAO, etc. (06/01–06/07)

1. Pumpfun Plans $4 Billion Valuation for $1 Billion Token Sale
Pumpfun plans a token sale of $1 billion based on a fully diluted valuation (FDV) of $4 billion, targeting both public and private investors. It is considering allocating part of the protocol revenue to future PUMP token holders. The total supply of PUMP tokens may reach 1 trillion, with the private sale price set at $0.004 per token. The public sale is expected to launch within two weeks, accompanied by an airdrop, with about 25% of the tokens allocated for the public sale and 10% for the airdrop.

2. Donald Trump Jr. Denies Association with TRUMP Wallet; WLFI to Launch Official Wallet Soon
The Trump family denies involvement in the TRUMP Wallet project and will take legal action against unauthorized use of the "TRUMP" name in wallet projects. Donald Trump Jr. stated that the official wallet project of World Liberty Financial (WLFI) is progressing and the related product will be launched soon.

3. EigenLayer Announces Redistribution Mechanism Live on Testnet
EigenLayer's redistribution mechanism, which supports redirecting slashed funds, is already operational on multiple testnets and is expected to launch on the mainnet by the end of June or July.

4. Yuga Labs CEO Proposes Dissolution of ApeCoin DAO and Launch of New Operating Model ApeCo
The proposal states that ApeCoin DAO has become disconnected from the future. ApeCo, established by Yuga Labs, will consolidate the three pillars: ApeChain, BAYC, and Otherside, and transfer the assets of Ape Foundation and ApeCoin DAO to ApeCo.

5. Ethena USDe Net Staking Reaches $839 Million in May
The sUSDe APY has rebounded to above 6.5%, with the staking rate rising from under 45% to over 57%. Pendle contributes approximately 83% of the inflows. The TVL of Ethena sUSDe on Pendle increased from $1.07 billion to $1.89 billion.

6. Data: USD1 On-Chain Trading Volume Exceeds CEX, Market Making Concentrated in Few Addresses
Kaiko data shows that USD1's daily trading volume on PancakeSwap reached $14 million, far exceeding Binance's on-platform volume of $8 million. More than half of the market-making activity comes from three wallets. CEX trading volume lags behind Ripple's stablecoin RLUSD.

7. Sei Network Hits Record Highs: 621 Thousand Active Wallets and 1.17 Million Transactions on June 3
User and transaction growth is mainly driven by several games, including World of Dypians and Europe Fantasy League.

8. Tether Launches Cross-Chain Gold Stablecoin XAUt0 on TON Blockchain
Tether, in collaboration with the TON Foundation, has launched XAUt0, built on the LayerZero OFT standard, supporting free multi-chain transfers. XAUt is the world's largest gold-backed stablecoin by market capitalization, with circulating supply exceeding $832 million.

9. Hyperlane Trading Volume Questioned; LayerZero Co-founder Points to Wash Trading
LayerZero co-founder Bryan Pellegrino pointed out that Hyperlane engages in wash trading, with certain addresses frequently trading to simulate false volume, raising questions about the fairness of token reward distribution.

10. Ripple Stablecoin RLUSD Approved by Dubai Financial Regulator
RLUSD has been approved by the Dubai Financial Services Authority (DFSA) and can be used within the Dubai International Financial Centre. It is permitted to be integrated into DFSA-licensed payment schemes, and other licensed entities may also use this stablecoin.