BingX Crypto & Financial News
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🌐 Your portal to the crypto and financial world. Breaking news, insights, and analysis from BingX and crypto market.
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Vitalik Buterin highlights that Base functions as a case study for Ethereum's Layer 2 network, leveraging centralized features to improve user experience while remaining connected to Ethereum’s decentralized layer to preserve security.
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Qcp published an article indicating that following a significant liquidation event, markets stabilized as funds flowed back into Bitcoin, whose dominance increased to 57%. Ethereum declined by 12%. Historically, October has been a strong month for Bitcoin. Upcoming events, including Powell’s speech on Wednesday and personal consumption expenditure data on Friday, may serve as catalysts for growth.
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Tether (USDT) has denied reports that it is shutting down a $500 million cryptocurrency project in Uruguay.
cointelegraph
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Whale Transactions:

1. The address 0xb2ca initiated a 5X Long position on 514,906 #Avax worth $17.2 million, currently with an unrealized profit of $920,000.
2. The advisor WLFI, known as OGLE, established a 10X Long position with 66,479 #Avax valued at $2.2 million.
3. The address 0x09D4 sold 56,569 #Hype for $2.67 million at an average price of $47.23, incurring a loss of $103,000. Previously purchased the same amount for $2.77 million at an average of $49, 26 days prior.
4. The address BV2GZZ liquidated 307.27 million #PUMP for $1.73 million at an average price of $0.00564, resulting in a loss of $582,000. The tokens were previously acquired for $2.31 million at an average price of $0.00753.
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BingX Crypto & Financial News
UXLINK revealed security vulnerabilities in their multi-signature wallet, leading to unauthorized transfers of a substantial amount of crypto assets to various centralized and decentralized exchanges.
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The hacker targeted UXLINK, which was compromised in a phishing attack, resulting in the loss of 542 million UXLINK tokens, valued at approximately $48 million. x
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BingX Crypto & Financial News
Coinbase CEO confirms involvement in developing legislation to establish a clear crypto regulatory framework to prevent future issues similar to those with Gary Gensler.
Patrick Witt, the Executive Director of the White House's digital assets advisory team, expects legislation on cryptocurrency market structure to be enacted by the end of 2025. #regulation theblock.com
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BNB Yzi Labs, founded by CZ, seeks to attract external investment and transition into a publicly listed fund.
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Societe Generale has partnered with Bullish Europe to launch its stablecoin, USD Coinvertible (#usDcv).coindesk
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The Bitcoin Fear and Greed Index stands at 43, reflecting a neutral market sentiment.
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C.Q.: The current environment suggests the bull market is still in place, although near-term metrics show signs of overheating. A possible correction may present attractive entry points near +0.4 standard deviations.
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Hype Hyperlique's market share declines to 38%, down from 71% in May, with Lighter capturing 16.8% and Aster reaching 14.9%. coindesk
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The DWF token (#ff) on BuildPad was resold at a multiple of 20 times, surpassing the initial target of $4 million amid an overall sale goal of $84 million.
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Arthur Hayes released a new article stating that if the Federal Reserve undertakes extensive money printing, Bitcoin could reach $3.4 million by 2028.
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Anoma (Xan) listing on Binance Alpha and Binance Futures delayed to September 29, 2025. For more information, visit Binance.
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Clanker founder declines Rainbow's acquisition offer.
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Santiment reports that, over the past 30 days, Ethereum has led in total development event volume, followed by BNB Chain, Polygon, Optimism, and Arbitrum.
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Santiment reports that the top ecosystems by total development event volume over the past 30 days are Ethereum, BNB Chain, Polygon, Optimism, and Arbitrum.
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Fnality secures $136 million in funding to expand blockchain-based payment infrastructure for financial institutions. coindesk.com
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Kazakhstan Launches Pilot for Tenge-Backed Stablecoin in Collaboration with Solana, Mastercard
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STBL has announced the token ransom.
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BingX Crypto & Financial News
The hacker targeted UXLINK, which was compromised in a phishing attack, resulting in the loss of 542 million UXLINK tokens, valued at approximately $48 million. x
UXLINK has announced that a new smart contract has been submitted for a security audit. The updated contract will include a fixed proposal, with no plans to implement the minting and burning functions.

https://t.me/defi_crypto_iobot/chart?startapp=token_UXLINK
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