BitMEX Founder Arthur Hayes Calls U.S. Treatment of Binance, CZ 'Absurd'

Mark Cuban has expressed interest in potentially leading the SEC if Kamala Harris becomes president, aiming to influence the regulator's stance on crypto. Cuban, a vocal supporter of the industry, has criticized current SEC chair Gary Gensler's enforcement actions against American crypto firms.

An anonymous trader invested $800 in the meme coin Moo Deng, which surged to $3.5 million in value within hours. Speculations arose about the trader's insider knowledge or team affiliation, with concerns about the coin's sustainability without utility.

Bitcoin has surged past $65,000, with an $8 billion options expiry expected to cause potential volatility. Deribit accounts for $5.8 billion of expiring Bitcoin options, with 20% of contracts "in the money."

Bitcoin has rebounded by 3% to nearly a two-month high after a rough start in early September when its price dropped to $53,000. The rise follows the Federal Reserve's interest rate cut, leading investors to put money back into riskier assets like digital coins and tokens, including through new Bitcoin ETFs.

The Virtual Asset Users Protection Act in South Korea includes strict measures to combat crypto scams, with potential life sentences for perpetrators making over $4 million. The law was influenced by the actions of Korean crypto founder Do Kwon and the collapse of FTX exchange.

Ethereum has outperformed Bitcoin since the Federal Reserve's rate cut, indicating potential market shifts. Institutional interest remains strong, with Bitcoin and Ethereum ETFs seeing significant inflows. Altcoins and meme coins, like DOGE and SHIB, have surged, signaling a broad-based altcoin rebound.

A proposal on Curve Finance suggests removing TrueUSD as collateral for the stablecoin, Curve USD, due to concerns about TUSD's track record and recent SEC charges. The proposal also aims to reduce reliance on TUSD and diversify collateral assets for stability.

New York City Mayor Eric Adams faces federal criminal charges related to his 2021 mayoral campaign, including possible illegal foreign donations from the Turkish government. The indictment, still sealed, marks the first time a sitting city mayor has been indicted in such a manner.

Meta unveiled AI-powered features for its mixed and virtual reality products at its Connect event. The Orion AR Glasses stole the spotlight with holographic displays and hands-free communication. Meta also introduced upgrades to its Ray-Ban glasses and Meta AI.

The Allen Institute for AI (Ai2) has introduced Molmo, a family of multimodal artificial intelligence models that excel in interpreting visual data. Molmo's development involved innovative data collection methods, resulting in efficient models accessible to developers and researchers.