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Sui co-founder and Chief Product Officer Adeniyi Abiodun wrote in a review: Several years ago, when the team began to build an L1, the venture capital firms and institutions they contacted suggested that they fork EVM to avoid the difficulties of self-development and to quickly launch another version of a similar product before continuing to advance.Abiodun stated that the team rejected this suggestion because they had a clear judgment on the direction of industry development and believed that replicating a flawed design was not advisable. Therefore, Sui was built from scratch, taking on the corresponding risks and time costs. He mentioned that the current trend aligns with the team's initial judgment, and among the batch of application scenarios people hope to build today, Sui is the only viable option, making the next few years very interesting.

According to reports from Strait News, in March 2025, Zheng Mouyi, Zou Moumou, and others exploited the weak regulation and difficulty of evidence collection in offline USDT over-the-counter trading to plan a "black eat black" robbery crime under the guise of virtual currency offline trading.The gang raised over 340,000 yuan and invited virtual currency merchants for offline transactions. During the transaction, after the merchant transferred over 40,000 USDT into the virtual wallet controlled by the gang, Zheng Mouyi sprayed the victim's eyes with chili water on the spot and, along with others, violently seized all the transaction funds. After the incident, six involved individuals divided the stolen money. The day after the incident, the public security authorities quickly arrested all involved individuals, recovering most of the stolen funds and returning them to the victim.The Jin'an District Prosecutor's Office legally prosecuted Zheng Mouyi, Zou Moumou, and four others for robbery. In 2026, the court heard the case and sentenced the five defendants to fixed-term imprisonment ranging from five years and seven months to ten years and four months for the crime of robbery.

Recently, the police in Binhai City, Shandong, China received a report from a citizen named Xie, stating that 1,300 USDC stablecoins and NFTs worth tens of thousands of yuan had mysteriously disappeared from his digital wallet. There were no obvious transfer alerts or signs of phishing links in the wallet. The police began an on-chain investigation into the virtual currency transfer records and actively sought cooperation with enterprises to analyze the suspect's account.After extensive work, a major suspect named Chen (30 years old, from Fengyang County, Chuzhou, Anhui) was identified. On October 9, technical police officers went to Fengyang County to arrest him. Upon arrival, Chen initially denied the allegations. However, the police utilized the immutable and traceable characteristics of blockchain evidence to gradually break down his psychological defenses. Chen ultimately confessed to the theft. Chen has now been criminally detained in accordance with the law, and his family has actively compensated the victim for the losses. This case marks the first instance of virtual currency theft in Binhai City.

On October 13, the U.S. Department of Justice announced the arrest of two Americans in an operation targeting North Korean IT personnel who entered U.S. companies under false identities, and the seizure of approximately 187 computer devices. Michael James Bostelle from Pennsylvania and Juan Cecilio Pena Carrillo from Texas were arrested based on an indictment from the Northern District of Ohio Federal Court. Prosecutors allege that the scheme involved over 70 U.S. employers, generating approximately $3 million in revenue for overseas IT personnel. The two are charged with conspiracy to commit wire and mail fraud, conspiracy to commit money laundering, and conspiracy to commit identity theft, with Pena additionally charged with aggravated identity theft.The device seizure operation is part of "Operation Lone Star," coordinated by federal law enforcement in the Northern District of Texas. From September 21 to 25, the FBI executed searches at over 40 suspected "laptop farm" residences in Texas, seizing devices including laptops and keyboards, video, and mouse equipment for remote access. According to the Ohio indictment, domestic accomplices received laptops issued by employers at home and then allowed overseas personnel to control them via remote access software or hardware, making it appear as if they were located in the U.S. and accessing company systems, while the accomplices received salaries and transferred funds overseas.The indictment mentions cryptocurrency as one of the means for transferring funds overseas. Trey Michael Nolte, a resident of Ohio, is listed as a co-conspirator but has not been charged in this case; the indictment states that in a conversation on July 8, 2024, he described managing transfers between bank accounts and virtual currencies using spreadsheets, subsequently transferring funds to the defendant Sun Sheng Ming;

According to CoinDesk, it has been one year since the "1011 crash" that triggered approximately $19 billion in leveraged liquidations in the crypto market. Analysts warn that the potential structural risks that caused this flash crash still exist.In October 2025, Bitcoin experienced a sudden flash crash just days after reaching a historic high of over $126,000, plummeting from around $122,000 to $105,000 in a short period, leading to a concentrated liquidation of large leveraged long positions.Mark Connors, an analyst at Risk Dimensions, pointed out that recent short-term price movements are still highly driven by derivatives such as perpetual contracts rather than on-chain data. The exchanges' inclination towards high-leverage products has also failed to eliminate the risks of flash crashes; moreover, the traditional four-year halving cycle has changed, with macroeconomic and political forces playing a more critical role.Chris Sullivan, co-founder of Hyperion Decimus, suggested that traders should avoid excessive leverage, closely monitor open interest, funding rates, and market sentiment indicators, while long-term investors should consider moving their assets off trading platforms to self-custody.

Former New York Governor Andrew Cuomo stated during a panel discussion at the Token2049 conference with OKX CEO Star Xu that if the cryptocurrency industry wants to push for federal-level cryptocurrency legislation, it must maintain a balance between supporting the Democratic and Republican parties. He pointed out that the industry previously "believed that heavy investment in the Republican Party" would help pass the CLARITY Act, but "when you heavily invest in the Republican Party, you inherently alienate the Democratic Party."According to data tracked by Tech Influence Watch, cryptocurrency-related political action committees have spent $54.3 million supporting the Republican Party and $26.2 million supporting the Democratic Party in the 2026 election cycle, with an additional $23.2 million spent opposing Democratic candidates. Cuomo stated that passing legislation requires support from both the Democratic and Republican parties and should be more balanced. He also refuted the notion that the Democratic Party is inherently opposed to cryptocurrency, arguing that cryptocurrency is actually well-suited for the Democratic Party because it empowers individuals who previously could not access financial products. Prediction market Kalshi data shows that the probability of the Democratic Party winning both houses of Congress is about 61%.In terms of background, the House of Representatives passed the CLARITY Act in July 2025 with the support of 78 Democratic representatives and 216 Republican representatives, while 134 Democratic representatives voted against it; in June 2025, the Senate passed the GENIUS Act with support from 18 Democratic senators.

Cryptography researcher Justin Drake posted on the X platform, calling for the blockchain industry to calmly plan a "bunker mode." He suggested that large holders move most of their funds to new addresses that have never signed transactions, with public keys still hidden behind hashes. Subsequently, each time a signature is made, the remaining funds should also be transferred to the new address.He believes that AI is driving rapid breakthroughs in the field of mathematics, and ECDSA could potentially be cracked by classical algorithms before the quantum computing "Q-Day," possibly occurring in months rather than years, allowing private keys to be recovered in about a week using large GPU clusters. Drake also emphasized that there is no need for panic and hasty migration, stating that Binance, Bitbank, Robinhood, Bitfinex, and Tether could take this opportunity to strengthen their cold wallets.

SpaceX (SPCX.O) spacecraft departs from the space station, and the crew begins their journey back to Earth.

According to Catcher Predict monitoring, the event "Power Balance: 2026 Midterm Elections" is currently among the hottest trades on the prediction market Polymarket, with a cumulative pool size reaching 178 million dollars. The option with the highest market consensus is "Democratic Party Victory," corresponding to a winning probability of approximately 66.5%.

According to U.S. officials, the Pentagon will send a third aircraft carrier strike group and more Marine Corps vessels to the Middle East, adding 9,000 to 10,000 soldiers to the region.

SpaceX executed the 13th long-term mission of the Dragon spacecraft, sending four astronauts to the International Space Station for a NASA mission.

Former New York Governor and OKX Director Andrew Cuomo stated that if the Democratic Party wins Congress in the midterm elections, the current regulatory progress in the cryptocurrency industry may be overturned. He noted that the ad hoc rules set by regulators are much weaker than legislation and emphasized that "regulation is not legislation."Previously, on September 15, the Senate voted 49 in favor and 50 against to veto the CLARITY Act, which aimed to establish federal rules for the cryptocurrency market, failing to reach the 60-vote threshold; the SEC granted a five-year exemption for tokenized stock trading on September 17. Andrew Cuomo expects the new Congress to closely scrutinize such agency rules and hopes that the lame-duck Congress will pass relevant legislation before January 1 of next year.

The Democratic investigators of the Permanent Subcommittee on Investigations of the U.S. Senate Committee on Homeland Security and Governmental Affairs released a report accusing USDT of becoming an important financial conduit for Iran's shadow banking system, and called for the Treasury Department and the Justice Department to investigate whether Tether violated sanctions and banking laws. The report mentioned Tether's relationship with the Trump administration, including business dealings between Tether and Cantor Fitzgerald, controlled by Commerce Secretary Howard Lutnick's family, as well as Bo Hines, the former head of the White House Cryptocurrency Committee, serving as Tether's head of U.S. operations.This report continues the Democratic investigation into the Trump family's cryptocurrency business. In May 2025, Richard Blumenthal launched an investigation into TRUMP, the token holders' dinner, and World Liberty Financial; in June, Elizabeth Warren and Jeff Merkley demanded explanations from MGX and Binance on why they used the Trump family-affiliated stablecoin USD1 to settle a $2 billion investment. In November, the Democratic members of the House Judiciary Committee released a report accusing the Trump family of profiting from cryptocurrency businesses such as WLFI and TRUMP, describing regulatory rollbacks, termination of enforcement, and pardons for related individuals as a form of benefit transfer, claiming their cryptocurrency assets were valued at up to $11.6 billion, with related revenues exceeding $800 million in the first half of 2025.In 2026, Ro Khanna investigated reports that members of the UAE royal family spent $500 million to acquire a 49% stake in WLFI, and whether this transaction was related to U.S. policies on AI chips in the UAE;

The crypto media The Block reported that there are 36 days until the U.S. midterm elections. The cumulative trading volume on the U.S. presidential election market on the prediction market platform Polymarket US has surpassed $545 million, making election-related markets one of the largest by trading volume on the platform.Traders currently assign a 91% probability to the Democratic Party winning the U.S. House of Representatives, up from 73% in May. The aforementioned trading volume and probability are both derived from the U.S. election-related markets on Polymarket US.

According to a report by Reuters, if the Democrats gain control of the House of Representatives or the Senate after the midterm elections in November, they are expected to launch investigations into business dealings related to Trump and his family, focusing on the cryptocurrency, prediction markets, and investment businesses involving the Trump family, as well as companies that funded projects for the White House.The report states that controlling either chamber of Congress will give the Democrats more resources for committee investigations and subpoena power, with some investigations potentially starting as early as February next year. The subjects of investigation frequently mentioned by Democratic lawmakers include the venture capital firm 1789 Capital, in which Donald Trump Jr. is involved, as well as cryptocurrency companies related to the Trump family, but a final list of investigations has not yet been established.Additionally, Republican Senator John Curtis has previously called for an investigation into some of Donald Trump Jr.'s business relationships, believing that the commercial activities of the presidential family should be subject to consistent congressional oversight.

A survey by the Democratic Party of the U.S. Senate claims that the stablecoin USDT issued by Tether has become a major payment method for Iran. The survey shows that among over 800 sanctioned cryptocurrency wallets, about 84% primarily or exclusively use USDT.The U.S. Senate Permanent Subcommittee on Investigations had previously stated that its review of blockchain records, sanctions lists, and asset seizure notices found that the sanctioned wallets are mainly distributed across the Tron and Ethereum networks and have conducted USDT transactions.

Recently, the Beijing Shijingshan police successfully intercepted a new type of cross-border telecom fraud case, freezing 780,000 yuan in involved funds and returning it to the victims. In this case, 53-year-old Mr. Liu received a fraudulent call from abroad while accompanying his child studying overseas. The scammer impersonated domestic police, fabricated false allegations of money laundering, and induced him to urgently request money transfers from his family in China.The funds were subsequently transferred into the accounts of two other Chinese students studying abroad. Upon investigation, it was found that these three individuals were all victims of the same fraud gang, exhibiting characteristics of "multiple scams in one case, with victims serving as money laundering tools for each other." The scammers first transferred funds into the accounts of some victims, then coerced them into exchanging for U currency to assist in the transfer, which was highly concealed and involved complex cross-border links. The police successfully "awakened" the victims through patient persuasion, preventing greater losses.