Crypto Week Recap: WLFI Drama, Gemini IPO, StarkNet Outage

The crypto market witnessed a whirlwind of activity during the first week of September. World Liberty Financial (WLFI), backed by former President Trump’s family, launched its token amidst controversy and uncertainty. The project saw massive initial DEX trading volume, but also encountered issues with blacklisting key investor Justin Sun and freezing wallets. Meanwhile, Gemini is preparing for a major $2.2 billion IPO on the Nasdaq, while a series of DeFi hacks left platforms vulnerable. Ethereum’s layer-two network, StarkNet, was briefly offline following an upgrade, leading to delays in transactions. Here’s a rundown of the week’s key events.