Crypto Roundup: Fed Rate Cut Split, DeFi TVL & Major Listings

In this crypto market roundup, the Federal Reserve faces unprecedented internal splits over a potential December rate cut, injecting uncertainty into global financial markets. On the DeFi front, Lighter’s total value locked (TVL) surged past $1.17 billion, overtaking Linea, while Sonic Labs unveiled a tiered fee monetization (FeeM) model and plans for a New York office. Smart contract risks emerged as GoPlus flagged unlimited minting vulnerabilities in the Hello 402 (H402) token. Large onchain movements included a new wallet’s 1,130 BTC inflow from FalconX and a 28,262 ETH transfer by a whale. Corporate activity saw VCI Global commit $100 million to OOB tokens, Coinbase set to list Allora (ALLO), and the cancellation of its $2 billion BVNK acquisition. The Bitwise Chainlink ETF (CLNK) appeared on DTCC listings, and SoFi launched direct crypto trading for BTC, ETH and SOL within its app. Tether is bolstering gold reserves by recruiting top bullion traders from HSBC, while Lido proposed automatic LDO/wstETH buybacks. Market outlook features MARA’s CEO warning miners to secure low-cost power or face exit by 2028, and ex-BlackRock exec Joseph Chalom hailing Ethereum’s role as financial infrastructure. Legal and security updates include the retrial of the MIT "sandwich attack" case, Zhimin Qian’s 11-plus–year sentence for Bitcoin laundering, and Willy Woo’s advice to migrate funds to SegWit addresses ahead of quantum threats.