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An anonymous whale address beginning with 0xc642 withdrew 18.84 million ENA worth $4.91 million from FalconX, according to Lookonchain. Exchange withdrawals are generally interpreted as a sign of holding intent.

An anonymous whale wallet starting with 0x4876 withdrew a total of 9,132 ETH worth $24.37 million from Binance over the past three hours, according to Lookonchain.

U.S. asset manager Canary Capital said it has filed an amended S-1 registration statement with the U.S. SEC for an INJ spot ETF.

Injective has launched a "stockdrop" event in which participants who burn its native INJ token can receive stock tokens as rewards, Crypto Briefing reported. The event gives users who burn INJ a chance to receive asset tokens issued based on shares such as Nvidia, AMC and Meta.

BitMEX co-founder Arthur Hayes said at Cointelegraph Connect Seoul Edition that, from the perspective of AI agents, he does not believe most existing cryptocurrencies are well suited to their purposes.

SharpLink Gaming has staked an additional 42,074 ETH worth $112.8 million, according to Lookonchain. The company now holds 892,127 ETH and has earned 27,945 ETH in staking rewards, valued at $75 million.

U.S. spot Ethereum ETFs recorded a net inflow of $17.1 million on Sept. 28, according to Farside Investors, marking a seventh straight trading day of net inflows. - BlackRock ETHA: +$15.4 million - 21Shares TETH: +$1.7 million

South Korean exchange Upbit announced it will temporarily suspend HBAR deposits and withdrawals from 11:00 a.m. UTC on Sept. 29 for a Hedera network upgrade.

U.S. spot Bitcoin ETFs recorded about $31.07 million in net inflows on Sept. 28, marking the eighth consecutive trading day of net inflows, according to SoSoValue. - BlackRock's IBIT: +$54.84 million - Grayscale's BTC: +$10.32 million

South Korea’s financial authorities plan to step up coordination with the Bank of Korea and the Ministry of Economy and Finance as they prepare legislation to establish a legal framework for won-denominated stablecoins, News1 reported. Speaking at a forum on the future governance and market ecosystem of won stablecoins through overseas case studies, hosted today by Democratic Party lawmaker Kim Hyun-jung, Yoo Won-gyu, an official in the virtual asset division at South Korea’s Financial Services Commission, said there appears to be broad consensus on the need for a consultative body involving the FSC, the finance ministry and the central bank. Yoo said authorities are discussing legislation in a way that would allow such a body to be formed and related policies to be closely coordinated. Yoo added that authorities would support drafting the bill with safeguards including bankruptcy remoteness, so customer assets are managed separately and customers’ ability to recover funds is not affected even if an institution runs into problems.

South Korea’s debt relief program Saedoyak Fund under President Lee Jae-myung’s administration does not review whether borrowers hold virtual assets, meaning debt could be written off even when a borrower has the ability to repay through large crypto holdings, the Financial News reported. The report said criticism is growing because the program has effectively left a gap in screening despite around 270 cases of hidden virtual assets having previously been uncovered under a similar debt relief scheme, the New Start Fund. Instead, the Korea Asset Management Corp. maintains it is conducting follow-up oversight through a fraudulent benefit reporting system. Under that process, if a report is filed with a hidden asset reporting center and concealed assets such as virtual assets are found, authorities can recover the amount of debt that was forgiven or seek damages. Kamco said no cases have yet been confirmed in which additional assets such as virtual assets were found after a borrower’s debt had already been canceled.

HTX chief analyst Cloud said the recent drop in Bitcoin prices looks more like a normal correction after a rebound than a trend reversal. Cloud said elevated U.S. Treasury yields are mainly a factor weighing on valuations, while their impact on overall liquidity remains limited, adding the funding structure and holding costs of the crypto market itself have not been impaired. Cloud said the latest decline appears closer to a temporary round of position unwinding ahead of key economic data releases. Cloud also said the decoupling, or divergence, between Bitcoin and altcoins warrants caution. As marginal liquidity shrinks, capital tends to concentrate in the most established leading asset, Bitcoin, while altcoins face a lack of additional inflows to support them and are more vulnerable to sharper declines because of their higher leverage. Cloud expects that decoupling to persist until this week’s personal consumption expenditures data and nonfarm payrolls report are released.

Spanish authorities officially announced an exemption from foreign asset reporting requirements for virtual assets held in self-custody wallets. They also said virtual assets held through overseas custodians must be reported under Form 721 only when total holdings exceed €50,000 ($53,000). In addition, assets bought and fully sold within the same year on overseas exchanges are excluded from the reporting requirement.

Ari Paul, founder of blockchain investment firm BlockTower Capital, said on X today that Coinbase concealed past hacking losses worth hundreds of millions of dollars and did not return client funds. Paul said Coinbase had written off $25 million of BlockTower’s funds several years ago, but an investigation later led Paul to conclude the move was intended to cover up repeated large-scale hacking incidents. Paul added that tracing efforts identified at least 12 affected companies and that the total concealed losses exceeded $1 billion. Paul also said multiple legal cases are currently underway and that Paul could not disclose further details.

A hacker that attacked exchange Bitget’s hot wallet tried to launder stolen funds through cross-chain swap protocol Chainflip, but the attempt was blocked. According to on-chain tracking data, the deposit was immediately rejected at the Chainflip broker level. Chainflip did not directly freeze the stolen funds, but it refunded them to the original wallet after rejecting the deposit, thwarting the hacker’s attempt to move the assets.

Bithumb announced the designation of CAMP for its delisting watchlist.

The following shows estimated liquidation volumes and position ratios for major crypto perpetual futures over the past 24 hours: - BTC: $104.16 million liquidated (74.52% longs) - ETH: $70.31 million liquidated (63.62% longs) - ZEC: $36.13 million liquidated (94.55% longs)

An anonymous whale has withdrawn a total of 8,605 ZEC from three exchanges since yesterday evening, Arkham reported. Six addresses linked to the whale hold a combined 65,158 ZEC, worth about $91.13 million.

Cross-chain protocol Relay said about 5,600 users were affected by sandwich attacks caused by an API security vulnerability. The incident occurred after pending order information was exposed externally before trades were executed, allowing MEV searchers to exploit the data and transaction route status to carry out the attacks. Relay said the attackers generated about $136,000 in profit. The protocol also said it paid a $50,000 bounty to security team Outputlayer for identifying and reporting the vulnerability, and plans to fully reimburse affected users a total of about $312,000.

More than nine in 10 South Korean digital-asset investors keep their holdings on domestic exchanges, highlighting heavy reliance on exchange custody, The Herald Business reported, citing a survey by the Korea Financial Consumer Foundation. The survey, conducted among 2,500 adults ages 19 to 69 living in Seoul, Gyeonggi Province and South Korea’s six largest metropolitan cities, showed exchange use was especially frequent among middle-aged and older investors. Among respondents who said they check exchanges at least twice a day, people in their 60s accounted for the highest share at 24.8%, followed by those in their 50s at 22.1%. That compared with 12% for respondents in their 20s and 13.6% for those in their 30s. Reliance on exchanges was even more pronounced in asset storage, with 94.8% of investors saying they currently keep their assets on South Korean exchanges.

Strategy’s transfer of 3,568 BTC, worth about $297 million, over the past nine hours was a routine internal fund movement within Fidelity Custody rather than a sale, Arkham analyst Emmett Gallic said. Gallic added that Fidelity treats all client BTC holdings as fungible assets and moves funds as needed, and said the addresses had already been labeled on Arkham as Fidelity-owned addresses.

Weekly card payment volume using stablecoins topped $189 million two weeks ago, setting a record high, according to Crypto Briefing. Stablecoin card payment volume has risen steadily this year. Based on July data, USDC and USDT accounted for about 84% of total stablecoin card spending, with USDC at 58% and USDT at about 26%. The average payment size was about $86, and most transactions were processed through Visa. By card issuer, RedotPay led with about $395 million in monthly payment volume, followed by Ether.fi (ETHFI) and KAST. The three providers accounted for about 77% of total card transaction volume covered in the tally. Separately, RedotPay halted all new card issuance for users in South Korea in September.

An early Ethereum investor who bought 3,000 ETH eight years ago at $18.8 per token sold another 1,000 ETH worth $2.68 million today, according to Lookonchain. The investor still holds 1,000 ETH valued at $2.67 million.

Illia Polosukhin, co-founder of NEAR Protocol, warned the crypto industry could be pushed out of the mainstream market by indiscriminate regulation if it fails to address crime on its own and build a more mature ecosystem. Polosukhin said it is inaccurate to claim developers of decentralized systems can do nothing to prevent crime. Banks use AI for fraud detection, Polosukhin said, but rely on centralized structures and know-your-customer checks, while KYC also fails to solve practical problems. Polosukhin added the crypto industry can use better data and talent to build systems that effectively curb criminal activity without KYC while preserving freedom for ordinary users. Polosukhin also said industry-wide cooperation could eradicate criminal activity in the crypto ecosystem, adding decentralization does not mean disorder.

Independent lawmaker Han Dong-hoon said crypto taxation should be delayed immediately, arguing a failure to act could drive South Korean investors out of domestic channels and into areas beyond the reach of tax authorities. In a Facebook post titled "가상자산 과세 유예, 즉시 해야" at 12:45 a.m. UTC today, Han said the Democratic Party government under President Lee Jae-myung still does not appear to grasp the seriousness of crypto taxation. Han said 2027 is only three months away and a decision on a delay should be made quickly. Han said Binance and Bybit, which are widely used by South Korean investors, are based in the United Arab Emirates, while Gate is based in the Cayman Islands and Bitget in Seychelles. Under the Crypto-Asset Reporting Framework, or CARF, the United Arab Emirates and Seychelles would only be able to conduct their first information exchange in 2028, Han said. Han added South Korean investors could leave domestic platforms over the remaining three months and move into decentralized spaces beyond the reach of tax authorities. He said delaying taxation by at least two years would allow authorities to collect transaction data generated on overseas exchanges through CARF, while also creating more time to address second-phase virtual asset legislation. Han added that disclosing detailed crypto tax measures at year-end could trigger public backlash similar to the response to a housing tax overhaul proposal.