🪪 Proof-of-Human IDs, IPOs, & Kinexys Blockchain

Good Afternoon,

Major players across AI, crypto, and traditional finance are making moves. Sam Altman’s World is rolling out “Proof of Human” IDs at FIFA and NFL events, while OpenAI eyes a $1 trillion IPO in 2026 and Consensys prepares to go public with JPMorgan and Goldman Sachs as underwriters. Meanwhile, JPMorgan launches Kinexys blockchain to tokenize private equity funds and executes its first fund transaction on-chain.

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News Roundup

Artificial Intelligence

• AI Romance Novel Tops Japan's Largest Fiction Site, Stirring Uproar (Decrypt)

• 1X’s Home Robot NEO Sparks Backlash After Human-Controlled Demo (Decrypt)

• Character.AI to Ban Teen Chat Feature After Safety Concerns and Lawsuits (Decrypt)

• Sam Altman’s World Brings ‘Proof of Human’ IDs to FIFA, NFL, and Pudgy Penguins Games (The Block)

• Anthropic’s Claude Models Show Early Signs of AI Self-Awareness (Decrypt)

Decentralized, Centralized, & Traditional Finance

• Mastercard Eyes $2B Acquisition of Crypto Infrastructure Firm (Fortune)

• Consensys Eyes IPO With JPMorgan, Goldman Sachs as Underwriters (CoinDesk)

• Morpho Gets $775M Pre-Deposit, Adds Optimism Support (The Defiant)

• Trump Memecoin Firm in Talks to Acquire Crowdfunding Platform (Bloomberg)

• BNY Mellon, Securitize Debut Tokenized Credit Fund on Avalanche (Cointelegraph)

• Anchorage Digital Adds Institutional Custody for Bybit’s bbSOL (Bybit)

• KRWQ Debuts as First Korean Won Stablecoin on Base (The Block)

• Retail Stablecoin Surge Pushes Tron Activity to Record Highs (Cointelegraph)

• ECB Targets 2029 Launch for Digital Euro (Cointelegraph)

• BOJ Expected to Hold Rates Steady as Yen Weakens and Politics Shift (Reuters)

• Indonesia to Launch Bond-Backed Stablecoin with Digital Rupiah (Cointelegraph)

• Uphold Relaunches XRP Rewards Debit Card in the US (The Block)

• OpenAI Plans $1 Trillion IPO for 2026 Amid AI Race (Cointelegraph)

• Nordea Bank to Offer Bitcoin Exposure via Synthetic ETP (Bitcoin Magazine)

• Garden Finance Loses $5.5M in Suspected Hack, Offers 10% Bounty for Return (ZachXBT)

• JPMorgan Launches Kinexys to Tokenize Private Equity Funds (Cointelegraph)

• Western Union Files ‘WUUSD’ Trademark Following Solana Stablecoin Reveal (The Block)

• Lombard Finance Acquires Avalanche’s Bridged Bitcoin Asset (The Block)

• JPMorgan Executes First Fund Transaction on Kinexys Blockchain (The Block)

Exchanges

• Bitget’s Trading Volume Now 80% Institutional (Cointelegraph)

• Binance.US Denies Political Motive Behind USD1 Listing (The Block)

• Bybit Halts New User Signups in Japan to Meet Regulatory Rules (CoinPost)

Exchange-Traded Funds

• Bitwise Solana ETF Hits $72M Volume on Day 2, Topping 2025 Launches (Decrypt)

• Fidelity’s Solana Fund ETF Nears Launch With Staking Strategy (SEC)

• U.S. spot Bitcoin ETFs recorded $471 million in net outflows on October 29.

• On October 29, U.S. spot Ethereum ETFs also faced $81.44 million in outflows.

Infrastructure

• Avalon Labs Unveils On-Chain AI RWA Marketplace and New Token Standard (Avalon Labs)

• Ondo Partners with Chainlink to Power 100+ Tokenized Equities (CoinDesk)

• Lolli Acquires Slice to Boost Bitcoin Rewards and Lightning Network Integration (The Block)

Markets

• Bitcoin Drops to $109.2K After Fed Rate Cut, End of QT (Cointelegraph)

• Bittensor’s TAO Surges 50% Ahead of First Halving on December 10 (The Defiant)

• Bitcoin Rises Above $111K as Trump Signals Imminent China Trade Deal (The Block)

• Ethereum Fees Stay Near $0.01 as Network Activity Hits Yearly High (Cointelegraph)

• Crypto Market Wiped Out $1.1B as Bitcoin, Ethereum Fall Post Trump–Xi Meeting (Decrypt)

• Jump Crypto Swaps $205M in Solana for $265M in Bitcoin (Lookonchain)

• NEAR Halves Inflation to 2.4% Despite Failed Community Vote (The Defiant)

Meme Coins

• Trump's Meme Coin Surges 46% Amid Trade Tensions Easing (Decrypt)

• Bodega Cat ‘KitKat’ Inspires Meme Coin Frenzy After Alleged Self-Driving Car Accident (Decrypt)

Mining

• TeraWulf Expands Private Offering to $900M for AI Data Center Buildout (The Block)

• Core Scientific Shareholders Reject $9B CoreWeave Merger, Halting AI–Mining Union (The Block)

Politics & Regulation

• Warren, Sanders Slam Trump Plan for Crypto in 401(k)s (Decrypt)

• CZ Mulls Lawsuit Against Senator Warren Over Pardon Claims (Cointelegraph)

• Trump, Xi Meet in South Korea to Ease Tariff Tensions (Cointelegraph)

• Pro-Crypto Group Endorses Andrew Cuomo for NYC Mayor (Cointelegraph)

• Lawmakers Slam Treasury’s $1 Trump Coin Over Ties to TRUMP Memecoin (The Block)

Token Generation Events

• HumidiFi to Launch WET Token ICO in November (DL News)

• MegaETH ICO Surpasses $1 Billion as Demand Skyrockets Ahead of Closing (The Defiant)

• MegaETH Token Sale Closes 27.8x Oversubscribed, Valuing Project at $27.8B (The Block)

• UFC-Backed FIGHT Token Sale Raises $183M, Smashing $1.5M Goal (CoinDesk)

Treasuries

• Hong Kong Mulls Rules for Digital Asset Treasuries (Wen Wei Po)

• Institutions Plan $500M Treasury for Canton Coin (Cointelegraph)

Venture Capital

• YZi Labs Leads $11M Seed Round in AI Education Startup VideoTutor (YZi Labs)

Other News

• MoviePass Launches Crypto-Based Box Office Fantasy Game (Decrypt)

• Putin Claims Test of ‘Poseidon’ Nuke Drone Meant to Trigger Tsunamis (Decrypt)

• Bitcoin and the Mainstreaming of the Debasement Trade (Cointelegraph)

• IBM Entangles 120 Qubits, Sets New Quantum Computing Record (Decrypt)

• Bitchat Leads Jamaica App Charts Amid Hurricane Outages (Decrypt)

• US Prosecutors Reject Crypto Policy Arguments in MEV Bot Trial (Cointelegraph)

• Chinese Man Arrested in Bangkok Over $14M Crypto Scam (Decrypt)

• Australian Police Crack $6M Crypto Wallet Hidden by Suspect (Decrypt)

• SpaceX Moves Another $31M in Bitcoin Amid Custody Consolidation (Decrypt)

• Solana’s Dare Market Pays Crypto for Safe Viral Stunts (Decrypt)

• Europol Warns Crypto Crime Is Overwhelming Law Enforcement (DL News)

• Drake, Adin Ross Sued for Promoting ‘Fraudulent’ Crypto Casino Stake (Decrypt)

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