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Grayscale announced two lists of the top ten cryptocurrency asset returns. In terms of token holder returns, HYPE, LIT, and CAKE ranked first, second, and third with returns of 8.0%, 7.9%, and 2.6%, respectively, followed by AERO, UNI, RAY, PENDLE, AAVE, JUP, and CRV.In terms of adjusted profit returns, CAKE, LIT, and HYPE ranked first, second, and third with returns of 14.4%, 14.1%, and 9.8%, respectively, followed by RAY, AAVE, JUP, SKY, UNI, AERO, and PENDLE. Grayscale stated that many cryptocurrency assets can be valued based on cash flow, profitability, and capital returned to token holders, without relying solely on narratives.

The decentralized trading protocol of PancakeSwap, The Flip proposal, has entered the governance voting phase, accompanied by CAKE supply conditions. This proposal aims to allocate 88% of the trading fees from v3 and Infinity pools to liquidity providers, with the remaining 12% going to the protocol treasury, while the fee structure for v2 remains unchanged.In terms of token issuance, the proposal plans to reduce the daily CAKE issuance from 22,500 tokens to 7,000 tokens, a decrease of about 69%, equivalent to approximately 5.66 million newly minted tokens per year. The remaining 7,000 tokens per day will be allocated to an ecological growth fund named Pantry, which will be flexibly used by The Kitchen team for marketing, partnerships, and initial liquidity for new pools.If the vote passes, implementation will begin within two weeks after approval, lasting from November 2026 to the end of January 2027, completing in about three months and being announced chain by chain. This proposal is built upon the Tokenomics 3 framework passed in April 2025, aiming to reduce the supply by approximately 20% by 2030. PancakeSwap states that the supply has decreased by 11.5% over the past 18 months.

According to Arkham monitoring, whale 0xf82 withdrew 1 million PancakeSwap (CAKE) tokens from Bybit, worth 2.16 million dollars. Additionally, the whale also withdrew 800 BNB, worth approximately 576,000 dollars.The core team of PancakeSwap previously proposed "The Flip" governance plan, intending to increase the proportion of trading fees from the v3 and Infinity liquidity pools allocated to liquidity providers (LP) to 88%, covering all 11 supported blockchains, while reducing the daily effective emission of CAKE from 22,500 tokens to 7,000 tokens, a decrease of about 69%.

According to official news, the PancakeSwap core team (The Kitchen) has released a tokenomics proposal titled "The Flip." This proposal suggests increasing the trading fee sharing ratio for PancakeSwap v3 and Infinity liquidity providers (LP) to 88% across all 11 supported chains, with the remaining 12% allocated as protocol fees to the treasury, while v2 remains unchanged.

Binance Wallet announced on X the launch of the Pre-Access event, which is hosted by PancakeSwap, allowing users to participate through Binance Wallet.The event aims to provide users with indirect exposure before the potential listing of popular companies, with the first project to be announced soon.

On September 2, WEEX Exchange announced that zero-fee trading for ECS, CAKE, and SNDK has now begun.The total prize pool for the event is 20,000 USDT, and the event runs from September 1 at 19:00 to September 8 at 19:00 (UTC+8).

According to Specter monitoring, a long-inactive PancakeSwap liquidity provider (LP) lost approximately $2.96 million due to signing a malicious EIP-7702 authorization.It is reported that the attacker removed about $1.48 million in BSC-USD and $1.48 million in BUSD liquidity provided by the victim and exchanged BUSD for ETH. Currently, the attacker has deposited approximately $1.46 million in funds to Tornado Cash, while the remaining approximately $1.48 million in USDT is still held in the attacker's address.

Grayscale posted the current protocol revenue rankings of the top 15 on-chain applications, with Hyperliquid (HYPE) ranking first with $871 million in 12-month protocol revenue, followed by Pump.fun (PUMP, $459 million) and PancakeSwap (CAKE, $322 million).The accompanying image shows that some leading applications already have real cash flow and lower operating costs, but their current valuation multiples remain low. For example, the revenue multiples for projects like PUMP, CAKE, and METEORA are only 1x, AERO is 4x, and LDO is 3x.Grayscale stated that in the context of the CLARITY Act potentially advancing in the coming weeks, these on-chain applications with real revenue and relatively reasonable valuations may become attractive investment opportunities.

In response to rumors regarding the attack on the BNB Chain OLPC/LABUBU liquidity pool, PancakeSwap's official announcement stated that the platform has noted the news related to this security incident. After preliminary verification, PancakeSwap's own smart contracts do not have security vulnerabilities. The project team is still continuously investigating the complete causes of the incident and will promptly share the latest investigation progress once more clues are obtained. Meanwhile, the official reminds users that all relevant event information should be based on content released through PancakeSwap's official channels.

According to monitoring by PeckShield, the OLPC/LABUBU liquidity pool on PancakeSwap on the BNB Chain was attacked, with the attacker stealing assets worth approximately $1.1 million. After the incident, the attacker transferred the stolen funds across chains to Ethereum and subsequently deposited 633.4 ETH into the mixing protocol Tornado Cash. In addition, the attacker sent 0.0221 BNB and 0.0411 ETH to an abandoned address, and the details of the attack and the flow of funds are still being tracked.

Defillama founder 0xngmi posted on the X platform that the KelpDAO hacking incident triggered a chain reaction of panic withdrawals from DeFi lending protocols, even those on Solana that were not directly affected were not spared. The specific data is as follows: Aave net outflow of $6.2 billion (-23%), Morpho net outflow of $716 million (-9%), Sky net outflow of $272 million (-4%), JupLend net outflow of $76 million (-8%).0xngmi added that the entire DeFi TVL directly evaporated by nearly $10 billion as a result. In such events, no one is a winner; it only shrinks the "cake" of the entire industry, and everyone suffers.

According to Binance spot data, the market has experienced significant fluctuations. DEGO has dropped 14.1% in the last 24 hours, FORTH has dropped 27.36% in the last 24 hours, and there is a "high and then low" state.At the same time, CAKE has reached a new high this week, with an increase of 5.02%. UTK, GUN, and HUMA have all shown a "bottoming rebound" state, with increases of 8.07%, 7.42%, and 8.01%, respectively. Other tokens LRC, FLUX, and 0G have also shown a "high and then low" state, with decreases of 6.7%, 7.77%, and 7.07%, respectively.

According to BlockSec monitoring, the PancakeSwap BCE-USDT pool on the BSC chain was attacked a few hours ago, resulting in a loss of approximately $679,000. The root cause lies in the flawed destruction mechanism of the BCE token.The attacker deployed two malicious contracts to bypass trading restrictions and trigger the destruction of tokens within the pool, profiting approximately $679,000 by manipulating the reserves in the BCE-USDT pool.

According to on-chain analyst Yu Jin's monitoring, the Venus attacker has exchanged 2,178 BNB, 20 BTC, and 1.466 million CAKE for 2,257.3 ETH, worth 4.72 million dollars. From an on-chain perspective, he used 9.92 million U to execute this attack, which has currently returned about 5 million dollars in ETH. It is still unclear whether there were any long or short trades of THE in CEX to profit from this attack.

The DeFi project AiFi has announced the early minting of 3,000 community phase NFT lucky cards, which will officially launch on the PancakeSwap V2 liquidity pool at 19:18 Beijing time on March 20, 2026.According to the mechanism set by the official, AiFi adopts a dual-mode structure of "NFT equal rights LP dividends and NFT-backed redemption." Currently, the initial liquidity of its lucky card NFTs has been sent to a black hole address (0x00DEAD) for destruction and locking to reduce human intervention. After the project officially launches, users can participate in dividends by adding USDT liquidity through PancakeSwap, and NFTs and LPs will be included in the same pool for equal distribution.It is reported that AiFi is positioned as a new generation DeFi ecological engine, aiming to achieve a positive cycle of value accumulation, market liquidity, and long-term dividends through community consensus and on-chain rules, combined with NFT rights and LP liquidity systems.

According to Binance spot data, the market has experienced significant fluctuations. CAKE has risen by 18.32% and 18.18% in 24 hours, showing a rebound after hitting a low.At the same time, PSG has shown a "high to low" state, with a 24-hour decline of 16.36%. HFT has also shown a "high to low" state, with a decline of 15.12%. Additionally, MAV, DYM, TAO, and TST have all shown a "high to low" state, with declines of 13.9%, 11.47%, 5.18%, and 5.49%, respectively.

According to on-chain analyst Yu Jin's monitoring, an address that received 7,400 ETH from Tornado (hacker?) dominated tonight's liquidation event of CAKE and THE collateral, resulting in Venus incurring a liquidation deficit of about $2.15 million (1.18 million CAKE + 1.84 million THE), while the hacker obtained approximately $5.07 million in funds from Venus (2,172 BNB + 1.516 million CAKE + 20 BTC):The address first received 7,400 ETH from Tornado through the address 0x7a7...234, then deposited it into Aave to borrow 9.92 million U (including USDT, DAI, USDC) and transferred it to multiple wallets to purchase THE.Around 8 PM tonight, he likely pumped the price of THE in a CEX (it is presumed he had previously deployed long positions). Then, through two wallets, he deposited 36.1 million THE into Venus, borrowing assets like BTC, BNB, CAKE, etc.Forty minutes later, the price of THE plummeted (most likely due to his closing of long positions and opening of shorts), and his collateral on Venus was liquidated, further pushing down the price of THE. Ultimately, the collateral from these two wallets was completely liquidated, but there remained about $2.15 million (1.18 million CAKE + 1.84 million THE) in loans that had not been repaid, resulting in a deficit for Venus.Overall, he borrowed 9.92 million U to create chaos, but the assets borrowed from Venus were only worth $5.07 million. While it may not seem profitable on-chain, it is speculated that he aimed to dominate the decline of THE through on-chain liquidation, thus making a profit on his positions in the CEX.