Binance's AI Systems Thwarted $10.5 Billion in Losses Across 15 Months, Firm Says

Riot Platforms (RIOT) surprised investors by reporting a third-quarter profit of $104.5 million, with shares rising 5% pre-market. The company's revenue more than doubled to $180.2 million, driven by a significant increase in bitcoin mining revenue.

The Federal Reserve's decision to end its quantitative tightening program has put the crypto markets in a critical position, with investors pondering the potential outcomes for Bitcoin's future. Experts suggest that the Fed's pivot could bring about volatility but ultimately attract capital into higher-yielding investments.

A document shared by Sam Bankman-Fried's X account defends FTX, claiming it was never insolvent. The document states that FTX faced a liquidity crisis disrupted by external counsel, and argues that FTX and Alameda would have holdings worth $136 billion if they survived.

A New York judge has extended a freeze on wallets containing $63 million in stolen USDC stablecoins, supporting Singapore liquidators' efforts to gain U.S. recognition for the Multichain case. The order aims to prevent potential harm if the freeze is lifted, and it also halts a class action lawsuit seeking control of the funds.

Core Scientific shareholders have rejected a proposed $9 billion merger with AI computing company CoreWeave, ending the potentially massive transaction in the high-power computing space. The deal, first announced in July, aimed to give CoreWeave 1.3 gigawatts of gross power across Core Scientific's national data center footprint.

Changpeng Zhao, founder of Binance, is in a dispute with Senator Elizabeth Warren over accusations of being a "money launderer." Zhao's lawyer demands a retraction of the statements made by Warren, hinting at potential legal action.

CME Group's Solana and XRP futures have seen record open interest, with $3 billion worth of contracts outstanding. These products have become the fastest-growing for the derivatives marketplace, attracting both financial institutions and individual investors. Regulatory clarity has allowed more market participants to engage in popular trading strategies.

Western Union has applied to trademark the name “WUUSD” for its upcoming USD-pegged stablecoin on the Solana blockchain. The trademark application has been accepted but not yet examined for approval by the USPTO. The move may indicate a branding strategy for the stablecoin project.

Lolli, a Bitcoin rewards platform, has acquired Slice, a browser extension for earning Bitcoin through passive browsing. This merger combines shopping and passive browsing to simplify earning Bitcoin across online activities.

KitKat, a beloved bodega cat in San Francisco, tragically died after allegedly being hit by a self-driving car. Crypto degens have capitalized on the incident by creating and promoting meme coins in the cat's honor.