The following article is adapted from The Block’s newsletter,The Daily, which comes out every weekday.

Happy Monday! It may be the Labor Day holiday in the U.S., but crypto never takes a break, with the Trump family-backed DeFi project World Liberty Financial unlocking its first set of WLFI tokens for trading this morning.

In today's newsletter, an OG Bitcoin whale continues to rotate into Ethereum, Metaplanet's treasury holdings reach 20,000 BTC, Sonic Labs plans to expand into U.S. capital markets, and more.

Let's get started.

P.S. Don't forget to check out The Funding, a biweekly rundown of crypto VC trends. It's a great read — and just like The Daily, it's free to subscribe!

An OG Bitcoin whale sold thousands more BTC over the weekend and into Monday, rotating heavily into Ethereum.

Japan's leading bitcoin treasury firm Metaplanet bought another 1,009 BTC for around $112 million at an average price of $111,068 per bitcoin, pushing its total holdings to 20,000 BTC.

The Sonic blockchain community near-unanimously passed a $150 million proposal to back a Nasdaq private investment in a public equity treasury vehicle and launch a regulated ETF for its native S coin.

Binance has named former Crypto.com Vice President SB Seker as its new Head of APAC to lead its regional strategy and regulatory outreach.

Pete Davidson and Casey Affleck will star in "Killing Satoshi," a conspiracy thriller about Bitcoin's mysterious creator set for release in 2026.

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