Odaily reports that Sui stated on X that SlushWallet is purpose-built for Sui, supporting policies, replacing addresses with SuiNS names, and gas-free stablecoin transfers that settle in under 1 second. The wallet is developed by Mysten Labs.
Odaily News: A Fox Business crypto reporter posted on X platform that SEC Commissioner Hester Peirce, known as "Crypto Mom," will leave the SEC on October 2 after nearly 9 years of service on the commission. She will join Regent University School of Law in November as an associate professor.
Odaily News: Over the past 30 days, spot DEX trading volume of tokenized stocks on the Base chain reached approximately $1.3 billion, a 153.8% increase compared to the previous 30 days. Among this, tokenized stocks issued by Coinbase accounted for approximately $1.2 billion in trading volume, representing the vast majority; st0x-related assets recorded approximately $90 million in trading volume.
Odaily News: The U.S. Commodity Futures Trading Commission (CFTC) has filed a lawsuit against Cash FX Group S.A. and its CEO Huascar Jose Lopez Castillo, The Conversion Pros Inc. and its CEO Ronald Pope, and Justin Halladay, alleging that the defendants operated a multi-level marketing Ponzi scheme, raising over $950 million from the public, including in the United States, purportedly for retail forex contract trading.
The CFTC stated that the defendants falsely claimed funds were traded by professional traders, proprietary algorithms, and AI, and promised returns of up to 15% per week; in reality, Cash FX conducted only minimal forex trading, and nearly all participant funds were misappropriated, with funds from new participants used to pay fictitious trading profits to other participants, while millions of dollars were paid to the defendants. The CFTC also stated that Cash FX provided participants with false account statements to maintain the illusion of high trading returns, and participants lost at least $406 million. The CFTC is seeking restitution, disgorgement of ill-gotten gains, civil monetary penalties, trading and registration bans, and permanent injunctions against the defendants.
Odaily reports that the LAPTOP token launched by Hunter Biden, son of former U.S. President Biden, has seen its market cap drop below $25 million, a 99.9% decline from its launch. Some sources claim the project team is estimated to have profited "tens of millions of dollars."
In response, Hunter Biden said: "Who made that estimate? I already said the project's launch performance was terrible, and I also said the accounts would be published."
Hunter Biden also stated that the team wallet has not sold any LAPTOP tokens. The tokens held by the team are locked for 6 months, followed by a two-year vesting schedule, which has already been explained in the relevant disclosure documents. He also demanded that those claiming the team profited "tens of millions of dollars" publish the relevant wallet addresses.
Odaily reports: US-Iran negotiations have entered the technical consultation stage. According to Gate data, possibly influenced by this, Brent crude oil plunged 4.00% intraday, currently at $96.71 per barrel.
Odaily News: Bitcoin fell back to around $83,600 on Friday, down about 1% from the previous trading day, after briefly touching around $87,000, reaching that level for the first time in months. Market analysis suggests that the expiry of $1.56 billion in Bitcoin options on Deribit may have exacerbated short-term volatility, as market makers typically unwind their hedging positions after options expiry.
Over the past 24 hours, BTC open interest and trading volume fell by 14.39% and 13.68% respectively, with long and short liquidations relatively balanced—long liquidations totaled $161.96 million and short liquidations $156.1 million—indicating that leveraged funds are readjusting. On the technical side, BTC's 50-day moving average remains above its 200-day moving average, forming a "golden cross," and the short-term trend is still viewed as relatively strong.
Meanwhile, Bitcoin spot ETFs saw net inflows of $299.09 million on Friday, though this was lower than the single-day inflow levels seen earlier in the week. By contrast, XRP rose 4.37% over the past 24 hours and 15.45% over the past 7 days, currently trading at around $1.58; Solana rose 3.36% over the past 24 hours and 9.33% over the past 7 days, currently trading at around $119.84. The next macro data points the market is watching are the U.S. Personal Consumption Expenditures (PCE) inflation data due on September 30 and the September nonfarm payrolls report due on October 2. (Decrypt)
According to Gate data, Brent crude oil (XBRUSD) has fallen to $102/barrel, currently trading at $101.82/barrel, a 24-hour decline of 5.1%.
Odaily News: Anthropic is seeking shareholder approval for a new equity structure that would grant special shares to CEO Dario Amodei and six other co-founders, giving the seven individuals a combined 50.1% voting power over most company matters. This arrangement would be maintained as long as at least three founders continue to hold a minimum percentage of shares. The structure resembles the founder super-voting rights model adopted by tech companies such as Palantir, designed to help the founding team retain control after the company's IPO.
Reports indicate that Anthropic's seven co-founders currently each hold approximately 2% of the company's shares. The new shares carry no additional economic rights and only confer higher voting power. Additionally, Anthropic's long-term benefit trust will retain the power to elect a majority of board members, the number of founder board seats will increase from 2 to 3, and employees will also gain voting rights to break deadlocks on certain matters. (TechCrunch)
Odaily Report: A US court in Washington, D.C. has rejected Anthropic's challenge against officials of President Trump's administration. Anthropic suffered a court setback in the US "supply chain risk" label case.
Odaily News: The Bitwise CEO posted on X platform that the assets under management of Bitwise Chainlink ETF CLNK have exceeded $50 million.
Odaily reports that Flap announced on X that it has launched on Base, supporting the trading of stock-linked tokens and RWA assets on Base. Users can now access this service through Flap.sh.
Odaily Report: CZ posted on X, stating: "It's a tough day for Bitget. I expect and know that Binance, the BNB Chain ecosystem, and the community will do everything we can to help. Stay SAFU."
Odaily reports that ARK analyst Lorenzo Valente posted on X platform stating that Uniswap completed approximately 140 million transactions in August this year, surpassing the combined total of two trading platforms, Cboe BZX and NYSE American. NYSE American has been operating since 1908, while Uniswap launched in 2018; five years ago, Uniswap's monthly transaction count was only about 2 million.
Valente noted that by transaction count, Uniswap's next target to catch up with is NYSE Arca, which completed approximately 232 million transactions in August.
Odaily News: Stablecoin issuer Tether stated that its exposure to EQIBank, a Dominica-licensed bank whose assets were seized by U.S. authorities, accounts for less than 0.034% of the group's total assets. Based on Tether's total group assets of $187.75 billion disclosed in June of this year, its maximum exposure to EQIBank is approximately $64 million. However, Tether did not disclose the specific amount and stated that it was previously unaware of the actions of U.S. payment processor Capstone as alleged by the U.S. Department of Justice.
According to court documents, EQIBank held and transferred customer funds through Capstone, with the relevant funds deposited in accounts at Wells Fargo and JPMorgan Chase. U.S. prosecutors have seized the funds in these accounts and filed a civil forfeiture lawsuit, alleging that Capstone misrepresented the nature of its business to the banks. EQIBank claims that approximately $89 million in assets were seized, equivalent to about 80% of its monetary assets, and it may face liquidation as a result. EQIBank previously provided banking services to Tether, including processing wire transfers related to USDT purchases and redemptions.
Tether's disclosure does not currently indicate a direct threat to its USDT reserves or dollar peg, but it highlights the counterparty risks stablecoin issuers face when accessing and redeeming funds through fiat channels such as banks and payment processors. (CoinDesk)
Odaily reports that former New York Governor and OKX board member Andrew Cuomo stated that tokenization of US financial markets is accelerating, and the regulatory system needs to keep pace with technological and market developments. On September 17, the SEC introduced a five-year interim "innovation exemption" framework, allowing eligible on-chain trading platforms to trade tokenized stocks of certain US-listed companies under specific conditions.
The framework requires trading platform participants to obtain licenses. Tokenized stocks grant investors the same rights and benefits as traditional stocks, with smart contracts audited and deployed on public chains; when the underlying stock is suspended from trading, the corresponding tokenized stock must also cease trading. On September 15, the US Senate failed to advance the Digital Asset Market Structure Act, and comprehensive digital asset regulatory legislation remains contentious.


