Top Crypto News this Week: Sonic Summit, Fusaka Testnet, $1.6 Billion FTX Distribution, and More
This week, a number of crypto information headlines are within the pipeline and might transfer tokens inside particular ecosystems.
Traders trying to place their portfolios strategically forward of this week’s crypto information can front-run the next calendar occasions.
Sonic Summit Announcements
This week’s record of crypto information begins with the Sonic Summit, slated for Monday, September 29. Important bulletins are anticipated. Sonic Labs introduced Mitchell Demeter as its new CEO and Michael Kong’s transition to CIO after serving as CEO.
Demeter, recognized for co-creating the world’s first Bitcoin ATM and beforehand main Sonic Strategy, will concentrate on increasing ecosystem adoption, strengthening institutional partnerships, and driving development within the US and international markets.
“This marks an thrilling new chapter for Sonic Labs as the corporate prepares for its subsequent part of world development,” one person stated.
The change follows Sonic Labs’ rebranding from the Fantom Foundation, which reached a $1 billion market cap beneath Kong’s management since 2018.
Community members see it as a bullish management shake-up because the community pushes towards increasing ecosystem adoption, constructing stronger institutional partnerships, and driving development within the US and international markets.
Following this information, Sonic’s powering token, S, leaped by virtually 4% within the final 24 hours to commerce for $0.2418 as of this writing.
Falcon Finance Token Launch
Another headline to observe is the launch of Falcon Finance’s FF token on Monday, September 29. In a latest submit, the community introduced the opening of pockets registration for claiming FF.
“To declare FF, register your pockets earlier than September 28, 2025, 23:59 UTC. This step is obligatory. Wallets not registered by the deadline will likely be disqualified from claiming,” Falcon Finance indicated.
The token might notice elevated exercise upon launch. Still, traders ought to stay eager as value surges attributed to the token launch additionally appropriate as quick as merchants money in for early earnings.
Ethereum’s Fusaka Upgrade Testnet
Ethereum neighborhood members have been awaiting the Fusaka Upgrade after the successful Pectra Upgrade earlier within the yr.
This improve’s predominant objective is to enhance scalability and decrease prices for customers and builders. While the upgrade itself is slated for December, the testnet will debut on Wednesday, October 1.
Tim Beiko, an Ethereum developer and neighborhood member, indicated that the Fusaka Upgrade will function three testnets, Holesky, Sepolia, and Hoodi, all unfold throughout October.
Notably, the Holešky testnet will likely be shut down two weeks after Fusaka finalizes it.
EtherFi Analyst Call
Another crypto information to observe this week is EtherFi’s analyst name, which is predicted to carry vital bulletins for ETHFI token holders.
EtherFi indicated that the occasion will embrace a hearth chat with BitMEX co-founder and former CEO, Arthur Hayes.
Given the crypto govt’s historical past with bold predictions for Bitcoin and altcoins, any related remarks or inclinations for ETHFI might propel the token.
Notably, Hayes has been eyeing ETHFI, amongst different altcoins, lately remarking that it is likely one of the “must-buy” altcoins earlier than Bitcoin hits $1 million.
$1.6 Billion FTC Creditor Distribution
As September nears its finish, FTX collectors additionally come to the limelight, with a deliberate $1.6 billion distribution on Tuesday because the defunct exchange pushes towards making collectors complete.
The alternate famous that eligible collectors ought to count on to obtain funds from their chosen distribution service supplier inside 1 to three enterprise days from September 30, 2025.
BeInCrypto reported that the distribution could fuel liquidity and spark a brand new altcoin season. Nevertheless, it’s price mentioning that the payout is $300 million lower than July’s projection, elevating issues regardless of optimism about market momentum.
Still, the alternate urged clients to stay conscious of phishing emails that will appear to be they’re from FTX and rip-off websites from channels that appear to be the FTX Customer Portal.
With FTX creditor distributions barely 24 hours away, the FTT token was buying and selling for $0.9628, up by virtually 4% within the final 24 hours.
The submit Top Crypto News this Week: Sonic Summit, Fusaka Testnet, $1.6 Billion FTX Distribution, and More appeared first on BeInCrypto.
