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From WLFI freezing Justin Sun’s holdings to the possibility of a bitcoin bear market starting in October, here is the list of news you may have missed this week.
WLFI Freezes Justin Sun’s $550M Allocation, Token Jumps 8%
World Liberty Financial’s governance token, WLFI, rose 8% early September after the project froze nearly $550 million worth of holdings tied to the platform’s advisor and TRON founder, Justin Sun.
The move blacklisted his wallet, locking up 2.94 billion tokens, including $101 million in unlocked tokens and $452 million in staked assets, after on-chain monitors flagged unusually large transfers that could have affected market dynamics.
The freeze sharply reduced circulating supply and pushed WLFI’s price back above $0.18, adding about $400 million in market value after a steep post-launch sell-off.
Sun dismissed the claims in a post on X, saying the wallet activity involved only minor test deposits and address transfers.
“Our address only carried out a few general exchange deposit tests with very small amounts, followed by an address dispersion. No buying or selling was involved, so it could not possibly have any impact on the market.”
Justin Sun, TRON Founder and Advisor, World Liberty Financial
XRP Army’s Affidavits Credited in Ripple’s SEC Win
Lawyer John Deaton said that the XRP Army, a group of investors and supporters of the cryptocurrency, played a key role in XRP-issuer Ripple’s long-running legal battle with the U.S. Securities and Exchange Commission (SEC).
He pointed out that among more than 2,000 exhibits filed during the case, several dozen affidavits from XRP holders were specifically cited by Judge Analisa Torres in her July 2023 ruling that XRP sales on public exchanges did not violate securities laws.
The SEC sued Ripple in 2020 for allegedly selling XRP as unregistered securities, sparking nearly five years of litigation. While the court found Ripple liable for institutional sales, the ruling that XRP itself was not a security was hailed as a major industry victory. The dispute formally ended in August 2025 after both Ripple and the SEC dropped their appeals, a conclusion supporters credited partly to their collective testimony.
Japan Eyes Stricter Crypto Oversight Under Securities Law
Japan’s Financial Services Agency proposed shifting cryptocurrency regulation from the Payment Services Act to the Financial Instruments and Exchange Act (FIEA), bringing digital assets under the same framework that governs securities.
The regulator said many issues in the crypto sector, including unclear disclosures, unregistered operations, scams, and exchange security risks, mirror those already addressed under the FIEA.
The proposal, presented in a report to the Financial System Council, is not yet legally binding but signals a push to strengthen investor protections and reduce information asymmetry between issuers and investors.
If adopted, the new rules would impose disclosure requirements, regulate brokerages, and expand enforcement measures, including injunctions against unregistered operators.
ZachXBT: Crypto Influencers Took Paid Deals Without Disclosure
Blockchain investigator ZachXBT alleged that more than 100 crypto influencers promoted tokens without disclosing they were paid.
He shared a spreadsheet on X showing price quotes, wallet addresses, and payment receipts for over 200 influencers contacted for a campaign, claiming fewer than five of the 160 who accepted deals labeled their posts as ads.
The findings raise concerns over transparency in crypto promotions, where undisclosed endorsements can mislead investors.
Regulators such as the U.S. Federal Trade Commission require influencers to clearly disclose sponsored content, and failure to do so has previously drawn scrutiny amid losses tied to promoted tokens with thin liquidity.
Analyst Warns Bitcoin Bear Market Could Begin in October
Bitcoin may enter a bear market as early as October 2025 if its four-year price cycle pattern holds, according to Joao Wedson, the CEO of crypto analytics firm Alphractal.
He projected that BTC could fall to $50,000 by October 2026, though he also noted the possibility of a short-term rally to $140,000 before the downturn.
Wedson highlighted that the current cycle differs from past ones due to institutional demand and ETF speculation, raising questions about whether the fractal remains reliable. Traders are also closely watching the $100,000 support level, warning that a failure to hold it could mark the end of the bull market.
This article is published on BitPinas: Crypto News You May Have Missed This Week | August 31 to September 6, 2025
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