Top Crypto News this Week: Sonic Summit, Fusaka Testnet, $1.6 Billion FTX Distribution, and More
This week, several crypto news headlines are in the pipeline and could move tokens within specific ecosystems.
Traders looking to position their portfolios strategically ahead of this week’s crypto news can front-run the following calendar events.
Sonic Summit AnnouncementsThis week’s list of crypto news starts with the Sonic Summit, slated for Monday, September 29. Important announcements are expected. Sonic Labs announced Mitchell Demeter as its new CEO and Michael Kong’s transition to CIO after serving as CEO.
Excited to step into the role of CEO @SonicLabs.
With best-in-class tech, a strong treasury, and a solid foundation, our focus now is assembling a global executive team to drive adoption, strengthen institutional partnerships, and continue to scale Sonic globally. https://t.co/B9JT6ZkVRa
Demeter, known for co-creating the world’s first Bitcoin ATM and previously leading Sonic Strategy, will focus on expanding ecosystem adoption, strengthening institutional partnerships, and driving growth in the 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.
The change follows Sonic Labs’ rebranding from the Fantom Foundation, which reached a $1 billion market cap under Kong’s leadership since 2018.
Community members see it as a bullish leadership shake-up as the network pushes toward expanding ecosystem adoption, building stronger institutional partnerships, and driving growth in the US and global markets.
Sonic (S) Price Performance. Source: CoinGecko
Following this news, Sonic’s powering token, S, leaped by almost 4% in the last 24 hours to trade for $0.2418 as of this writing.
Falcon Finance Token LaunchAnother headline to watch is the launch of Falcon Finance’s FF token on Monday, September 29. In a recent post, the network announced the opening of wallet registration for claiming FF.
“To claim FF, register your wallet before September 28, 2025, 23:59 UTC. This step is mandatory. Wallets not registered by the deadline will be disqualified from claiming,” Falcon Finance indicated.
The token could realize increased activity upon launch. Still, investors should remain keen as price surges attributed to the token launch also correct as fast as traders cash in for early profits.
gm everyone, $FF claims will be opening tomorrow, and here’s what you need to know: