Crypto Morning Brief: Falcon Finance starts token distribution today; this week, major unlocks are expected for tokens including SUI, EIGEN, ENA
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Crypto Morning Brief: Falcon Finance starts token distribution today; this week, major unlocks are expected for tokens including SUI, EIGEN, ENA
The money laundering case involving 60,000 bitcoins is set to go to trial in London, with Chinese victims testifying remotely.
Navigating Web3 tides with focused insightsAuthor: TechFlow
Yesterday's Market Dynamics
Huatai Securities: U.S. government could temporarily shut down on October 1 under base case scenario
According to Jinshi Data, Huatai Securities' research report indicates that the U.S. Congress has yet to pass a short-term funding bill. If no compromise is reached by October 1, the U.S. government may temporarily shut down. This marks the second time the U.S. government faces a shutdown risk since Trump returned to the White House. Unlike the March government shutdown turmoil, both Republicans and Democrats now believe a shutdown benefits their side more—especially the Democrats, who see little short-term gain in compromising on the short-term funding bill. Under the current political climate, we assess the likelihood of a bipartisan agreement before October 1 as low, making a government shutdown the base case scenario. Roughly estimated, a one-week U.S. government shutdown would drag quarterly GDP growth by about 0.1 percentage points. This crisis may further amplify concerns over U.S. political polarization and fiscal sustainability, and combined with recent strong economic data, could increase Treasury bond volatility. If the dollar continues to rebound, market liquidity might turn tight in the short term.
CZ Confirms Aster Has Several Former Binance Employees and YZi Labs Holds Minority Stake
CZ (Changpeng Zhao) retweeted and confirmed early this morning that Aster includes several former Binance employees and that YZi Labs holds a minority equity stake in Aster.
Falcon Finance to Launch $FF Token Claim on September 29
Falcon Finance officially announced that the $FF token claim will begin on September 29, 2025, at 12:00 UTC, and end on December 28, 2025, at 12:00 UTC. Users can choose to stake tokens to receive $sFF, and those achieving an 80% staking ratio will enjoy a 25% Miles reward bonus.
Hyper Foundation: Hypurr NFT Deployed and Distributed on HyperEVM
According to Hyper Foundation, the Hypurr NFT series has been successfully deployed on HyperEVM. The collection consists of 4,600 NFTs, with 4,313 distributed to Genesis event participants, 144 allocated to Hyper Foundation, and 143 assigned to core contributors (including Hyperliquid Labs, NFT artists, etc.).
UXLINK: Token Migration to Launch Next Week; UXLINK Will Cover Gas Fees for On-Chain Users
UXLINK released an early-morning update today on its token migration and security upgrade status.
UXLINK stated it has completed the security solution upgrade, and the detailed plan has been approved by third-party security advisors. CEX migrations will begin next week. Due to regulatory differences across regions and variations in exchange operations, phased compensation schemes will be implemented by individual exchanges. The project team has finalized the new token generation process, ensuring these tokens are dedicated to exchanges and on-chain user swaps.
On-chain user migration will also start next week, with UXLINK covering all associated gas fees. Staking users can claim all accrued tokens and annualized yields calculated up to October 31, 2025. Token circulation and release schedules remain consistent with the whitepaper, and the maximum token supply function has been locked at the code level in the new contract.
Plasma: Stablecoin Supply Surpasses $7 Billion
Plasma posted on social media: "Within two days, the stablecoin supply on the Plasma platform has surpassed $7 billion."
Apple CEO Cook Admits Personal Crypto Holdings, Calls It 'A Reasonable Allocation Approach'
Apple CEO Tim Cook, when asked in an interview whether he holds cryptocurrencies such as Bitcoin or Ethereum and if he would participate, gave an affirmative response.
Cook added that crypto assets can form part of a diversified investment portfolio, calling it a reasonable allocation approach. He said he has long followed the space and spent time studying it, stating: "I find it very interesting."
Tom Lee Responds to Cathie Wood: She Was Prescient on BTC, Should Grow to Like ETH More
In response to Ark Invest founder and CEO Cathie Wood expressing in a podcast interview with The Master Investor that she has some disagreements with Tom Lee, Tom Lee, current chairman of Ethereum treasury firm Bitmine, responded on social media: "Cathie Wood is the GOAT in the crypto industry. She was prescient on Bitcoin, and should grow to like ETH more."
Earlier reports indicated that while Cathie Wood believes Ethereum cannot surpass Bitcoin, her interest in Ethereum is growing, and she recently purchased shares in BitMine.
Largest Bitcoin Money Laundering Case in UK to Open in London; Chinese Victims to Testify Remotely
According to Jinshi Data, Southwark Crown Court near London’s iconic Tower Bridge is once again drawing global attention. At 10:30 AM local time on September 29, Qian Zhimin, the main suspect in the UK's largest Bitcoin money laundering case and the mastermind behind Tianjin's Blue Sky Grid massive illegal fundraising scheme, will appear in court.
The trial is expected to last 12 weeks and conclude before Christmas. During this period, Chinese law enforcement officers will travel to London to testify, while multiple Chinese victims will appear via remote video from a court in Tianjin. These arrangements have been made under the judicial cooperation framework between China and the UK.
Michael Saylor Posts Bitcoin Tracker Again; New Purchases May Be Disclosed Next Week
Michael Saylor has once again posted Bitcoin Tracker information on X. Based on past patterns, Strategy Corp typically discloses new Bitcoin purchase data the day after Saylor posts the tracker.
This Week, Major Token Unlocks for SUI, EIGEN, ENA, and Others Total Over $300 Million
According to Token Unlocks data, major token unlocks for SUI, ENA, EIGEN, and others are scheduled this week, totaling over $300 million. Tokens unlocking over $1 million in value include:
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SUI will unlock 44 million tokens on October 1, valued at approximately $144 million, representing 1.23% of circulating supply;
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EIGEN will unlock 36.82 million tokens on October 1, valued at around $69.22 million, or 13.77% of circulating supply;
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ENA will unlock 40.63 million tokens on October 2, valued at about $24.34 million, or 0.62% of circulating supply;
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OP will unlock 31.34 million tokens on September 30, valued at approximately $21.38 million, or 1.74% of circulating supply;
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IMX will unlock 24.52 million tokens on October 3, valued at around $19.49 million, or 1.26% of circulating supply;
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BIGTIME will unlock 333 million tokens on September 30, valued at about $16.14 million, or 20.00% of circulating supply;
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KMNO will unlock 229 million tokens on September 30, valued at approximately $15.65 million, or 6.37% of circulating supply;
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ZETA will unlock 43.17 million tokens on October 1, valued at around $7.24 million, or 4.22% of circulating supply;
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REZ will unlock 424 million tokens on September 30, valued at about $5.1 million, or 9.64% of circulating supply;
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IOTA will unlock 15.16 million tokens on October 1, valued at approximately $2.53 million, or 0.41% of circulating supply;
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DYDX will unlock 4.17 million tokens on October 1, valued at around $2.54 million, or 0.58% of circulating supply;
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AI will unlock 18.21 million tokens on October 1, valued at about $2.25 million, or 4.32% of circulating supply;
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MAV will unlock 36.4 million tokens on October 1, valued at approximately $2.13 million, or 5.01% of circulating supply;
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GUN will unlock 87.58 million tokens on September 30, valued at around $2.04 million, or 7.81% of circulating supply;
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TREE will unlock 7.08 million tokens on September 29, valued at about $1.94 million, or 4.11% of circulating supply;
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GPS will unlock 166 million tokens on October 1, valued at approximately $1.79 million, or 6.89% of circulating supply;
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HONEY will unlock 122 million tokens on October 3, valued at around $1.76 million, or 1.75% of circulating supply;
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STIK will unlock 1.57 million tokens on September 30, valued at about $1.52 million, or 2.60% of circulating supply;
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SKL will unlock 50 million tokens on October 1, valued at approximately $1.36 million, or 0.84% of circulating supply;
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SPEC will unlock 3.62 million tokens on October 4, valued at around $1.28 million, or 12.66% of circulating supply.
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WMTX will unlock 5 million tokens on October 5, valued at approximately $1.15 million, or 0.48% of circulating supply.
Market Movements
Suggested Reading
Inside Network School: A Web3 Utopia Built Inside a Malaysian Country Garden Ghost Project
This article explores Network School, an experimental community located in Forest City, Malaysia, founded by former Coinbase CTO Balaji Srinivasan. Targeting a Web3 utopia, it attracts talent weary of traditional tech company rat races and seeking entrepreneurial freedom. Despite its prime location, daily conveniences are limited. The community offers extensive facilities and activities, including gyms, libraries, and self-directed learning challenges. Network School aims to become a hub for dark talent, exploring digital-age utopias.
This article details the vision, development strategy, and token utility of stablecoin project Plasma. Plasma aims to drive global commerce toward stablecoins and expand influence through partnerships with Binance and Tether. The article also examines the future growth potential of the stablecoin sector and Plasma’s competitive edge within it.
Forbes: Is Ethereum the Best Choice to Rebuild Wall Street’s Financial Infrastructure?
This article argues that Ethereum is considered the top choice for rebuilding Wall Street’s financial infrastructure, despite ongoing debates over speed and cost. Ethereum’s security, neutrality, and privacy capabilities give it unique advantages in institutional finance. Through modular architecture and zero-knowledge proof technology, Ethereum can meet institutional demands for security, privacy, and scalability while maintaining global network effects.
CoinGecko Data: A New FOMO Wave? Only 50% of New Crypto Investors Choose Bitcoin
This article discusses how Bitcoin’s market dominance may shrink but remains an “anchor” for many investors. New crypto investors increasingly favor altcoins and diversified portfolios, reflecting market maturity and ecosystem expansion.
Can Your Robot Vacuum Steal Your Bitcoin?
This article highlights how smart devices like robot vacuums can be hacked to record passwords or seed phrases, potentially leading to fund losses. Growing numbers of IoT devices are increasing attack frequency, with insecure devices serving as entry points into home networks. Protective measures include setting strong passwords, using isolated guest networks, timely software updates, and avoiding default settings.
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