This week, various crypto news stories are on the horizon and may influence tokens within particular ecosystems.
Traders aiming to optimize their portfolios ahead of this week’s crypto updates can prepare for the following key events.
Sonic Summit Announcements
This week’s crypto news kicks off with the Sonic Summit on Monday, September 29. Significant announcements are anticipated. Sonic Labs has appointed Mitchell Demeter as its new CEO, while Michael Kong transitions to CIO after his tenure as CEO.
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Demeter, recognized for co-creating the first Bitcoin ATM and his prior role at Sonic Strategy, will target expanding ecosystem adoption, fortifying institutional partnerships, and accelerating growth in both US and global markets.
“This marks an exciting new chapter for Sonic Labs as the company prepares for its next phase of global growth,” one user stated.
This transition follows Sonic Labs’ rebranding from the Fantom Foundation, reaching a $1 billion market cap under Kong’s leadership since 2018.
Community members view it as a positive leadership change as the network aims to broaden ecosystem adoption, enhance institutional partnerships, and drive growth in US and global markets.
Following these developments, Sonic’s token, S, surged nearly 4% in the last 24 hours, trading at $0.2418 at the time of writing.
Falcon Finance Token Launch
Another significant event to monitor is the launch of Falcon Finance’s FF token on Monday, September 29. The network recently announced the start of wallet registration for claiming FF.
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“To claim FF, register your wallet before September 28, 2025, 23:59 UTC. This step is mandatory, and unregistered wallets will not be able to claim,” Falcon Finance indicated.
The token could see a surge in activity upon its launch. However, investors should remain cautious, as price increases linked to new tokens can quickly reverse when traders take profits.
Ethereum’s Fusaka Upgrade Testnet
Members of the Ethereum community are anticipating the Fusaka Upgrade following the successful Pectra Upgrade earlier this year.
The primary objective of this upgrade is to enhance scalability and reduce costs for users and developers. While the upgrade itself is scheduled for December, the testnet will debut on Wednesday, October 1.
Tim Beiko, an Ethereum developer and community member, mentioned that the Fusaka Upgrade will include three testnets: Holesky, Sepolia, and Hoodi, rolling out through October.
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It is noteworthy that the Holešky testnet will be shut down two weeks after the Fusaka upgrade finalizes.
EtherFi Analyst Call
Another important update this week is EtherFi’s analyst call, expected to provide major news for ETHFI token holders.
EtherFi has indicated that the event will feature a fireside chat with BitMEX co-founder and former CEO, Arthur Hayes.
Given Hayes’ history with bold predictions for Bitcoin and altcoins, any statements regarding ETHFI could greatly impact the token.
Hayes has recently highlighted ETHFI as one of the “must-buy” altcoins before Bitcoin potentially reaches $1 million.
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$1.6 Billion FTC Creditor Distribution
As September approaches its conclusion, FTX creditors are also gaining attention with a planned $1.6 billion distribution on Tuesday as the defunct exchange moves toward compensating creditors.
The exchange has noted that eligible creditors should anticipate receiving funds from their designated distribution service provider within 1 to 3 business days from September 30, 2025.
BeInCrypto has reported that this distribution could enhance liquidity and trigger a new altcoin season. However, it is important to note that the payout is $300 million less than the July projection, leading to some concerns despite positive market sentiment.
Moreover, the exchange has cautioned customers to be alert for phishing emails that may appear to originate from FTX and scam websites mimicking the FTX Customer Portal.
With FTX creditor distributions less than 24 hours away, the FTT token was trading at $0.9628, reflecting an increase of nearly 4% in the past 24 hours.
