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The Sui Foundation said it will support losses caused by an ALPHA oracle configuration error at AlphaFi, a Sui-based DeFi yield optimization protocol. AlphaFi plans to shut down protocol operations as a result. The foundation said it will help the protocol remain solvent, and AlphaLend borrowers can now unwind positions and withdraw assets. Separately, the Sui security team plans to formally launch the security tool used to identify the error and make it available to DeFi protocols across the Sui ecosystem.

PayPal has temporarily suspended new purchases of cryptocurrencies such as Bitcoin for users in Luxembourg since June 25, Crypto Briefing reported. According to the media outlet, the move is tied to a need to collect and verify customer tax information under the OECD’s Crypto-Asset Reporting Framework, or CARF. Existing holdings can still be managed and sold, but additional purchases are restricted. PayPal plans to restore the purchase function by the end of 2026 after completing system updates.

The U.S. Department of Justice is seeking to seize about $84 million through civil forfeiture from accounts held by Montana-based payments firm Capstone, which is tied to Tether and Bitfinex, Bitcoin.com reported. Prosecutors claim Capstone operated an unlicensed money transmission business in at least six states and misrepresented itself to banks as an IT services provider. According to the Financial Times, Capstone helped Tether and Bitfinex open U.S. bank accounts and handle payments through EQIBank, and more than $700 million was transferred through its Wells Fargo accounts. Capstone is also accused of helping convert cash stolen through fraud schemes targeting elderly victims into stablecoins.

Ethereum co-founder Vitalik Buterin said on X that Ethereum node sync time has been reduced to under half a day through EIP-4444 and client teams’ snap sync optimization. Buterin added that disk usage can also be cut to under 0.5 TB with aggressive settings. Buterin said the upcoming Glamsterdam upgrade is expected to further improve sync performance and that the technology will also be applied to Nimbus’ new sync protocol. EIP-4444, which was activated in July 2025, allows nodes to delete historical block data after a set period to reduce storage burdens.

According to CoinNess market monitoring, BTC has fallen below $84,000. BTC is trading at $83,983.2 on the Binance USDT market.

The U.S. Court of Appeals for the Sixth Circuit ruled for Ohio and Tennessee in a lawsuit over sports event contracts involving Kalshi, The Block reported. The court said Kalshi did not present sufficient grounds to have its sports event contracts recognized as swaps under the Commodity Exchange Act. It also rejected Kalshi’s argument that even if the contracts qualified as swaps, federal law would preempt state gambling regulations. The ruling allows Ohio and Tennessee to apply state gambling laws to Kalshi’s sports contracts and overturns a previous Tennessee court injunction in Kalshi’s favor.

CoinMarketCap’s in-house crypto Fear and Greed Index stood at 73, unchanged from yesterday, indicating continued market greed. The index signals extreme fear as it approaches zero and extreme optimism as it nears 100. CoinMarketCap calculates the index based on price movements among the top 10 cryptocurrencies by market capitalization, market volatility, derivatives-market indicators such as the put/call ratio, the stablecoin supply ratio (SSR), and CoinMarketCap’s own search data.

Summer Mersinger, CEO of the Blockchain Association, will step down on Oct. 16 and remain as an adviser through year-end, The Block reported. After that, former Blockchain Association CEO Kristin Smith, who is serving as president of the Solana Policy Institute, will return as interim CEO, according to the report. The outlet said Mersinger helped advance passage of the GENIUS Act and efforts to secure regulatory clarity from agencies including the SEC and CFTC during the tenure.

About 81% of Bitcoin’s total supply, or roughly 16.3 million BTC, has remained dormant for more than six months with no transfer activity, according to an analysis by Unfolded. The analysis found that while BTC has risen about 50% since the start of the year, trading volume has fallen by around 30%, indicating the market could face a supply shock amid tightening liquidity.

The U.S. SEC’s Division of Corporation Finance released an FAQ on Sept. 25 on how federal securities laws apply to crypto assets and related transactions, saying staff views suggest a cryptocurrency with sufficient functionality is unlikely to be treated as an investment contract solely because an issuer or related party continues to support the system’s security, maintenance, upgrades or user growth. The FAQ also said a staking receipt token, which verifies ownership of digital assets deposited through staking, could be classified as a digital tool when the underlying asset is not an investment contract and the token’s role is to evidence ownership. If issued by a protocol-based liquid staking provider, it could also be classified as a digital commodity, according to the FAQ. It added a buyback plan for a functional cryptocurrency also does not, in principle, amount to an investment contract. That could change, however, if the asset is not yet sufficiently functional and the buyback is promoted as a way for token holders to generate profits. The SEC said the FAQ reflects the views of Division of Corporation Finance staff rather than an official SEC rule or regulation and does not have legal force.

U.S. prosecutors have charged Vietnamese national Trung Nguyen Van over alleged involvement in a $16 million cryptocurrency fraud scheme, the U.S. Department of Justice said on Sept. 25. According to the DOJ, Van is accused of taking part in a so-called pig-butchering scam, in which fraudsters build trust with victims through online dating sites and social media before steering them to fake crypto investment platforms and misappropriating their funds. The DOJ said one victim sent about $16 million in cryptocurrency to the fake investment platform Triangle between June and August 2024, believing the funds were being invested, and about $569,000 of that amount flowed into Van’s crypto wallet. Investigators also found that the wallet received about $53.27 million in cryptocurrency tied to wire fraud targeting U.S. citizens between February 2018 and December 2024, according to the DOJ.

Hunter Biden said on X the LAPTOP team wallet has not sold a single token, rejecting allegations that the team made tens of millions of dollars by selling its allocation. Earlier, crypto outlet Market Insider said on its official X account that the market capitalization of Hunter Biden-themed memecoin LAPTOP had fallen below $25 million and was down 99.9% since launch, while the team was estimated to have made tens of millions of dollars. In response, Hunter Biden said he questioned who made that estimate, had already said the LAPTOP launch was poor, and had stated he would disclose accounting records. Hunter Biden added that if someone had estimated profits in the tens of millions of dollars, that person should be able to identify the wallet involved. According to CoinMarketCap, LAPTOP was trading at $0.0734, up 1.81%.

Bitget, a cryptocurrency exchange with Chinese roots, was hit by a hack on Sept. 25 that resulted in the theft of $387.5 million in crypto, and Binance founder Changpeng Zhao said Binance, the BNB Chain ecosystem and the community would do everything possible to help.

BTW has risen by 4.07% in the past five minutes on the COINNESS market. Currently, BTW is trading at $1.18.

BTW has fallen by 4.54% in the past five minutes on the COINNESS market. Currently, BTW is trading at $1.13.

Tokenization is advancing faster than U.S. regulators can build rules, former New York Gov. Andrew Cuomo said in a CoinDesk opinion piece. Cuomo argued that regulatory clarity is not just a legal or political issue but an economic one, adding that the debate is no longer about whether blockchain technology can eventually enter traditional capital markets, but how existing markets will adopt the technology and what rules will govern that transition. Cuomo also said the U.S. SEC’s Innovation Exemption would allow innovation within defined safeguards, let regulators observe how the technology works, and use that experience to shape future rules. Still, innovation and regulation ultimately need to develop together, Cuomo added, as jurisdictions with credible and predictable regulatory frameworks are better positioned to attract investment, talent, and financial infrastructure, while prolonged uncertainty risks pushing standards and eventually the market itself to other regions.

Whale Alert reported that 210,400,929 USDC has been transferred from Coinbase Institutional to Coinbase. The transaction is valued at about $210 million.

Bitget CEO Gracy Chen said on X that on-chain tracking showed about $387.5 million in assets had been transferred to attacker-linked addresses, putting the scale of the hack above the previously known $351.6 million. Chen said the revised figure reflects additional assets including ZEC and TRX, not a new breach. Chen added the incident remains under control and the exchange is investigating with Mandiant and SlowMist. Chen also said Bitget has started a fund recovery bounty program under which parties that voluntarily freeze 5% of the stolen cryptocurrency can receive 5% of the recovered amount as a reward, with already secured frozen assets also eligible. A plan to resume user withdrawals is due to be announced by 4:00 a.m. UTC on Sept. 26.

Circle Foundation has partnered with the United Nations Development Programme and the World Food Programme to pilot stablecoin payments for humanitarian aid delivery, CoinDesk reported. The foundation plans to test USDC-based aid disbursements in conflict zones and areas with limited connectivity.

Cryptocurrencies and stablecoins will become the main payment methods for AI agents, Brian Armstrong, CEO of Coinbase, the largest U.S. cryptocurrency exchange, said. Armstrong said the number of AI agents will keep rising, and the number of agents requiring transactions will increase as well, making cryptocurrencies and stablecoins their primary means of payment.

Bitcoin is likely to reclaim $100,000, though the timing remains uncertain, Multicoin Capital co-founder Kyle Samani said in a recent interview with Cointelegraph. Samani said a recovery within this year looked unlikely, but not impossible. Samani also said the U.S. crypto regulation bill Clarity Act was unlikely to have a direct impact on Bitcoin. If passed, the bill could still support BTC prices, Samani said, but more because it would lift sentiment and optimism across the broader crypto market than because it would materially affect Bitcoin itself. Compared with other cryptocurrencies that would be affected much more directly by the Clarity Act, Bitcoin’s gains would likely be far smaller, Samani added.

Multichain exchange Jumper has spun out from LI.FI to launch as an independent company and plans its first JUMP token sale through Legion, Cointelegraph reported. The platform also plans to offer swaps, yield products, stock tokens and, eventually, perpetual futures trading within a single app. Jumper’s cumulative trading volume has surpassed $40 billion, with more than 100,000 monthly active users.

The three major U.S. stock indices opened higher today. - S&P 500: +0.07% - Nasdaq: +0.1% - Dow Jones: +0.02%

SUI has risen 20% over the past 24 hours and was trading at $1.14, according to CoinMarketCap.

Tether froze 218,000 USDT held at an address tied to funds stolen from Bitget. The address was linked to Bitget’s initial theft address after three transfers, and no notable fund movement was identified for more than two and a half hours after it was discovered. Circle had earlier frozen 100,000 USDC held at a related address seven hours earlier.