Let’s explore the key crypto updates shaping market sentiment on Sept. 26.
The crypto market faced nearly $1 billion in liquidations within 24 hours, hitting over 230,000 traders. Ethereum led the downturn with $311 million in forced closures, followed by Bitcoin with $245 million.
Altcoins like Solana, XRP, and Dogecoin also saw heavy losses, adding to the pressure. Analysts point to slowing ETF inflows and profit-taking as key drivers behind the sharp sell-off.
About $3.6 million disappeared from DeFi platform Hypervault, with funds routed through Tornado Cash. The project immediately deleted its website, X account, and Discord channel, leaving investors unable to access their holdings.
Hypervault had claimed ongoing audits and high-yield opportunities, but auditors denied involvement, raising red flags. The abrupt shutdown and untraceable transfers point to a likely exit scam, marking another high-profile rug pull in 2025.
#peckshieldalert #rugpull? We have detected an abnormal withdrawal of ~$3.6M worth of cryptos from @hypervaultfi.
— PeckShieldAlert (@PeckShieldAlert) September 26, 2025
The funds were bridged from #hyperliquid to #ethereum, swapped into $ETH, and then 752 $ETH was deposited into #tornadocash. pic.twitter.com/mHQLPYXvzS
Quant has been selected to provide the core technology for a UK pilot testing tokenized sterling deposits with major banks, including HSBC, Barclays, Lloyds, and NatWest.
The pilot will explore real-world use cases such as reducing online payment fraud, simplifying property transactions, and enabling instant settlement of digital assets.
Running until mid-2026, the project positions the UK to lead in tokenized currency standards and aligns with the Bank of England’s preference for tokenized deposits over stablecoins.
I’m delighted to announce that @quant_network has been selected to create the new payments infrastructure and bank technology of the UK’s Tokenised Sterling Deposits (GBTD), a groundbreaking financial market infrastructure initiative led by UK Finance, in collaboration with major…
— Gilbert Verdian (@gverdian) September 26, 2025
Forward Industries is facing a $245M loss as its massive Solana holdings plunge below key support levels. SOL has dropped 18% in a week, fueled by record leveraged longs and rising open interest.
With SOL trading near $194, momentum remains bearish, risking further declines toward $180-$170. A rebound above $200-$210 could signal stabilization, but buyers need to regain control above $226 to restore confidence.
Trump-linked World Liberty Financial has approved a 100% buyback-and-burn program for WLFI tokens, using all treasury liquidity fees to shrink the circulating supply. The move aims to reward long-term investors and strengthen token value across Ethereum, BNB Chain, and Solana pools.
The WLFI Robinhood listing briefly pushed the price above $0.20, boosting market cap near $5B, while traders debate presale token handling. Momentum remains cautious, with support at $0.189 and potential upside toward $0.205-$0.22 if bullish pressure returns.
🦅 Governance Update:
— WLFI (@worldlibertyfi) September 25, 2025
The community has voted to use 100% of WLFI Treasury Liquidity Fees for Buyback & Burn, passing with almost unanimous support.
The team will begin implementing this initiative this week, and all buybacks & burns will be transparently posted once conducted.