Latest Crypto News & Market Updates

Fully Diluted vs. Circulating Valuation: How Tokenomics Mask Suis DeFi Lead Over NEAR

If market cap measured effort, Suiwould be ahead of NEARand this article wouldnt exist.　　It measures something else. Right now the market values NEAR at roughly $1.8 billion more than Sui, while Sui quietly beats it on TVL, daily users and DEX volume. I spent time with the numbers, and the gap says a lot about what investors actually pay for.　　NEAR Wins The Market Cap Race By $1.8 Billion　　On DefiLlama‘s NEAR token page, NEAR trades at $5.02 with a market cap of $6.548 billion. Sui’s token page shows SUI at $1.15 and a market cap of $4.72 billion. That makes NEAR about 38% larger by market cap.　　On price action alone, you would guess NEAR is the busier network. I dont think that guess survives a look at the chain data.　　Sui Doubles NEAR On Every Activity Metric　　DefiLlamas Sui chain dashboard and NEAR chain dashboard show the same pattern in every category I checked:　　Discover more　　News　　Crypto market analysis　　Bitcoin halving forecast　　- TVL:Sui holds $542.11 million against NEARs $240.12 million, about 2.3x more.　　- Active addresses (24h):Sui has 127,942 against NEARs 63,589, roughly double.　　- DEX volume (24h):Sui does $83.56 million against NEARs $36.56 million, close to 2.7x more (see the Sui DEX page and NEAR DEX page).　　-

09-29Industry

RedotPay Gets Clean Big Four Audit For US Listing

Stablecoin payments company RedotPay said on September 28 that it received an unqualified, or “clean,” audit opinion from a Big Four accounting firm covering its consolidated financial statements for the two years ended December 31, 2025. The Hong Kong-based firm, which announced the result in a company statement, framed the milestone as part of preparing for a potential future public listing and said the figures were prepared under U.S. generally accepted accounting principles.　　A clean opinion under US GAAP　　The company said the independent auditor returned an unqualified opinion, the most favorable outcome of a financial statement audit, and concluded that the groups consolidated statements were fairly presented under US GAAP as issued by the Financial Accounting Standards Board. RedotPay did not name the Big Four firm that performed the work, and the review covered two full fiscal years of results across the group.　　Compliance groundwork ahead of a possible listing　　The financial audit follows a separate independent review of RedotPays anti-money-laundering and counter-terrorist-financing controls by a Big Four firm that the company disclosed earlier in September. RedotPay has also been expanding its U.S. regulatory footprint, most recently obtaining two state lending licenses in a push that followed its first money transmitter license. The

09-29Industry

40,000 BTC leave exchanges - How Bitcoins Q4 rally setup is taking shape

Unlike whale accumulation, corporate accumulation has much more weight.　　The logic is simple: Whales usually buy Bitcoin [BTC] for risk/reward prospects and portfolio diversification, while corporations are adding Bitcoin to their treasury reserves. Therefore, a prolonged period of BTC price decline may considerably hurt corporate finances, stock prices, and the overall market confidence.　　On the flip side, sustained DAT accumulation could generate the reverse effect, as it would boost corporate exposure to BTC and add another layer of demand on the asset. Notably, with fresh momentum building around Bitcoin DATs, the Q4 narrative around corporate BTC accumulation may already be taking shape.　　Source: X　　To begin with, Michael Saylor has shared an “Orange signal” on X, indicating a possible BTC purchase. This comes as MSTR continues to gain ground, extending last months 30% rise with a 20% rally this month.　　Along the same lines, Strive CEO Matt Cole has also hinted at the purchase of more Bitcoin. In turn, Strives share (NASDAQ: ASST) has been climbing strongly after registering a huge rally of 118% last month with another 21% gain this month.　　This matters because a higher stock price gives Strategy and Strive more room to raise capital, and potentially scale their Bitcoin treasuries, which is

09-29Industry

SpaceX Starship reaches orbit, deploys 26 Starlinks in shortened Flight 14

SpaceX launched Starship into orbit for the very first time on 28 September 2026, releasing 26 operational Starlink V3 satellites. However, due to engine failure, SpaceX had to cut the mission short. This flight demonstrated that the Starship can lift up SpaceX‘s biggest satellite, but it didn’t prove that the company can maintain a sufficient launch frequency.　　An engine dropped out on the way up　　Starship successfully took off from Starbase,Texas at 7:48 a.m. CT. During its ascent, one Super Heavy engine switched off, which was soon followed by an early shutdown of a vacuum Raptor engine on the upper section of the spacecraft. As a result, Starship effectively adapted by utilizing the rest of its engines for a longer period of time before concluding its orbital burn after the flight managers checked the status of the craft.　　The spacecraft accomplished its mission of reaching low-Earth orbit at an altitude of about 275 kilometers and releasing its batch of 26 Starlink V3 satellites. SpaceX wanted to accomplish about six orbits during a period of nearly ten hours, but due to the engine problem, the mission was terminated after only about three hours. According to SpaceX:　　“The Starlink V3 satellite is designed to support 1

09-29Industry

Bitget resumes Bitcoin withdrawals as hacker swaps ETH via THORChain

Crypto exchange Bitget is resuming withdrawals after a security breach affecting nearly $388 million in assets, as the attacker continues moving stolen crypto through THORChain.　　Bitget said it resumed Bitcoin (BTC) withdrawals Monday after suspending them following last weeks security incident, with additional assets and networks set to follow over the coming days.　　The Sept. 24 breach compromised part of Bitgets hot and warm wallet infrastructure, while its cold wallets remained secure, according to the exchange.　　Bitget later revised the stolen amount from $351.6 million to $387.5 million after accounting for additional transfers on Zcash and Tron.　　Ether and USDT withdrawals next as security checks progress　　BTC withdrawals on the Bitcoin network and the BNB Smart Chain resumed first, Bitget CEO Gracy Chen said during a Monday ask-me-anything session.　　“We restored BTC first because the withdrawal pipeline is the first to be completed,” Chen said, adding that Ether (ETH) and Tethers USDt (USDT) would follow as security checks progress.　　Related: Bitget clarifies $388M in assets affected by security breach　　Under Bitgets announced schedule, ETH withdrawals are set to resume Tuesday across Ethereum, BNB Smart Chain, Arbitrum, Base and Optimism, followed by USDT on Wednesday across Ethereum, BNB Smart Chain, Solana and Tron. Withdrawals for other assets and peer-to-peer

09-29Industry

Bitget CEO says $388M hack exploited third-party security vulnerability

Bitget CEO Gracy Chen said the crypto exchanges recent $388 million exploit stemmed from a vulnerability in a third-party security product that allowed the attacker to obtain “high-level internal credentials.”　　In comments to Cointelegraph, Chen said the attacker used those credentials to issue fraudulent withdrawal commands. Bitgets private keys were not compromised, and its cold wallets were not affected, she said.　　Bitget said it has since addressed the security flaw and tightened its withdrawal controls, including restricting internal access, adding independent verification for withdrawals and increasing monitoring for unusual activity.　　The attack occurred on Sept. 24, when Bitget detected unauthorized transfers from several of its hot wallets and temporarily suspended withdrawals. The exchange initially estimated that about $352 million in assets had been affected.　　Related: Bitget resumes Bitcoin withdrawals as hacker swaps ETH via THORChain　　Bitget has yet to disclose recovery figures　　The exchange has not disclosed how much of the stolen crypto has been recovered or frozen. Chen said some assets have been frozen with help from other industry participants, but Bitget would release a total only after verifying the amounts.　　Bitget had previously called on THORChain, a protocol for swapping assets between blockchains, to refuse services to addresses linked to the attack.　　The exchange said it

09-29Industry

Analyst Links 53 Robinhood Chain Tokens to One $18.4M Rug-Pull Ring

A single operation may have extracted at least $18.43 million from 53 memecoin launches on Robinhood Chain in just over two months, according to an onchain investigation by pseudonymous analyst Wazz.　　The alleged activity ran from July 10 through Sept. 21 and largely centered on Pons V2, a token launchpad on Robinhood Chain. Wazz linked the launches through wallet-funding patterns, shared collector addresses and, in several cases, private keys used across multiple launches.　　How the Alleged Scheme Worked　　Pons V2 normally imposes a 99% anti-sniping tax on purchases made immediately after a token launches, with the tax quickly falling toward zero.　　However, creators can exempt selected addresses from that mechanism.　　Onchain records reviewed by The Block showed creators of nine launches from late August onward exempting groups of roughly 15 to 25 wallets. Within seconds, bundled transactions bought most of each tokens available supply.　　The creator and exempt wallets ultimately controlled between 82% and 86% of supply in those launches.Linked token launches53Estimated extraction$18.43M+Operation periodJuly 10–Sept. 21Wallets used per launchUp to 70–200Supply captured in reviewed launchesUp to 86%　　The largest alleged extraction was CRUMBS at $3.12 million, followed by LEGS at $2.9 million and PINK at $1.44 million.　　Robinhood Chains Memecoin Boom Faces a New Test　　The allegations arrive during

09-29Industry

OKX US to sell USD trading bot positions if users miss Sept 30 deadline

OKX US plans to cancel open orders and trading bots left on affected dollar trading pairs when it retires those order books on Sept. 30. Positions in Grid and Smart Portfolio bots on the affected pairs will also be sold, the exchange says, making inaction potentially costly for traders using those strategies.　　According to the US customer notice, the corresponding USDC pairs have been available alongside the affected USD pairs since Sept. 23. Traders have until the migration to cancel open USD-pair orders, stop those bots and recreate them on the USDC pairs. Orders and bots created on the replacement pairs during the parallel window will keep running afterward.　　What the deadline changes　　OKX US says the old books will be retired between 3 and 4 a.m. Eastern time on Sept. 30, equivalent to 7 to 8 a.m. UTC. All remaining orders and bots or automated trades on affected USD pairs will be canceled. OKXs migration schedule says bots using those pairs may close gradually over that hour and the relevant USD pairs will be delisted at 8 a.m. UTC.　　Related Asset USDC USDC · Stablecoin　　The cancellation has different consequences for the positions behind different bots. OKX says it will sell positions in Grid

09-28Industry

Tether and Shiga plan self-custodial wallets for Africa and the GCC

Tether and Shiga have announced plans to bring self-custodial wallets for USD₮, Bitcoin, and Tether Gold to individuals and institutions across Africa and the Gulf Cooperation Council.　　Tether said in its Sep. 28 announcement that both products will use its open-source Wallet Development Kit, or WDK. Shiga will offer one product directly to users and another to institutions building payment and treasury services for their customers.　　The plan extends a relationship that began with Tether‘s investment in Shiga Digital in June 2025. At the time, crypto.news covered the investment and Shiga’s existing services for African businesses, including virtual accounts, foreign exchange, treasury management and over-the-counter transactions.　　Shigas ENTA will put three assets in user-controlled wallets　　Under the new plan, ENTA will serve individuals, high-net-worth users and businesses. Tether said customers will be able to add funds using local currency, U.S. dollars, or Bitcoin, then hold and transfer USD₮, Bitcoin and XAU₮ from self-custodial wallets.　　The funding options and the assets held in the wallet serve different roles. A customer adding local currency, for example, would use it to fund access to the supported digital assets; the announcement does not say that ENTA will hold local currency as a wallet asset. Tether also did not give

09-28Industry

Bitget had 30 minutes to contain its hack before $290 million started moving

Bitget detected unauthorized wallet transfers about 30 minutes before attackers began draining hundreds of millions of dollars from the crypto exchange, raising questions about why its security response failed to contain the breach.　　Related Company Bitget Trading platform for crypto products　　The exchange said its systems flagged unauthorized transfers at 18:31 UTC on Sept. 24 and that its security team immediately activated emergency protocols.　　However, blockchain security firm Hypernatives reconstruction of the attack shows that most losses came later: $87.6 million left hot wallets at 19:01, and another $202.8 million left warm wallets at 19:16.　　Those two bursts, completed in a combined 24 seconds, accounted for about three-quarters of the $387.5 million Bitget ultimately said was moved to attacker-controlled addresses.　　The sequence suggests Bitget had roughly half an hour after its initial alert to prevent the first major wave and about 45 minutes before the largest transfer burst. It also shifts scrutiny from how the attacker first gained access to how the exchange responded once its own systems indicated something was wrong.　　Hypernative said the attacker initially tested the compromised route at 18:31 with transfers of 0.84 ETH and 93 TRX to new addresses. After waiting about 28 minutes, the attacker moved $34.75 million of USDT

09-28Industry

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