Good afternoon — it’s an eventful Wednesday across AI, crypto, and markets. Sora 2 is facing backlash with viral deepfakes and legal scrutiny, while Treasury’s CAMT exemption boosts Strategy stock and BlackRock’s Bitcoin ETF surges on a $405M inflow. With Polymarket eyeing a U.S. comeback, BBVA launching 24/7 crypto trading in Europe, and CME planning round-the-clock crypto derivatives, the race for mainstream adoption is on fire.
Let’s hit the rest of the headlines!
News Roundup
Artificial Intelligence
SingularityNET’s Janet Adams: Building Ethical AGI, Not a Terminator (Cointelegraph)
Study Warns Self-Evolving AI Agents Can “Unlearn” Safety (arXiv)
Sora 2 Sparks Viral Mayhem With Deepfakes, NSFW Content, and Legal Backlash (Decrypt)
DeFi, CeFi, & TradFi
Strategy Stock Rises as Treasury Exempts Unrealized Crypto Gains from CAMT (The Block)
Injective Launches Onchain Pre-IPO Perpetual Futures for OpenAI, SpaceX, and More (The Block)
Lava Raises $17.5M and Launches Bitcoin-Backed Dollar Yield Product (The Block)
Polymarket Set to Relaunch in U.S. With CFTC License (Decrypt)
Sui Group to Launch Two Stablecoins on Layer 1 Blockchain (The Block)
Trump Real Estate Could Be Tokenized on Blockchain, Says Witkoff Heir (Bloomberg)
Jesse Pollak: Crypto Needs Non-USD Stablecoins for Real-World Utility (The Block)
Robinhood CEO: Tokenisation Will Disrupt the $115T Stock Market (DL News)
Perp DEXs Shatter Records With $1.1T Monthly Volume in September (DeFiLlama)
Crypto.com Partners with Morpho to Launch DeFi‑Backed Loans via Cronos (DL News)
Bullish to Launch Bitcoin Options Trading Backed by Top Market Players (CoinDesk)
BounceBit Unveils V3 "Big Bank" With Perp DEX and New BB Token Standard (X)
CME to Launch 24/7 Crypto Derivatives Trading in 2026 (CoinDesk)
Sharps Technology Plans $100M Share Buyback Amid Solana Treasury Strategy (The Block)
BBVA Launches 24/7 Retail Crypto Trading in Europe via SGX FX Partnership (CoinDesk)
Justin Sun Launches 'SunPerp' — A Hyperliquid-Inspired Perp DEX with Dark Pools (Decrypt)
Exchange-Traded Funds
BlackRock’s Bitcoin ETF Joins Top 20, Surges on $405M Inflow (CoinDesk)
Solana Could Outpace Ethereum in Staking ETF Race, Says Bitwise CEO (Cointelegraph)
On October 1, Bitcoin spot ETFs saw $676 million in net inflows, while Ethereum spot ETFs attracted $80.79 million.
US Shutdown Threatens to Stall Altcoin ETF Season (DL News)
Infrastructure
Lighter Launches Ethereum L2 Mainnet for High-Speed Perps (X)
Coinbase Taps 1inch to Power In-App DeFi Token Swaps (The Block)
Kalshi Plans Integration With Every Major Crypto App Within 12 Months (The Block)
Shutter’s Threshold Encryption Takes Aim at MEV on Blockchains (Cointelegraph)
Markets
Solana, Dogecoin, and Cardano Lead Crypto Rally as Bitcoin Tops $117K (Decrypt)
Zcash Soars 63% as Privacy Hedge Against Bitcoin (Decrypt)
Litecoin, Stellar Lead Altcoin Surge Amid Bitcoin’s 'Uptober' Rally (Decrypt)
Bitcoin Tops $120K Amid Shutdown and ETF Inflows, Kicking Off Bullish 'Uptober' (Decrypt)
Meme Coins
Retail Investors Pivot From Memecoins to Utility Tokens (The Block)
Mining
Non-Fungible Tokens
Doodles NFT Brand Teams Up With Froot Loops for $50 Collectible Cereal Boxes (Decrypt)
NFTStrategy Ecosystem Hits $200M as DeFi Meets NFTs (The Defiant)
Politics
UK Government Seeks to Keep $7B in Seized Bitcoin, Victims Push Back (Decrypt)
Senator Accuses Crypto Billionaire of Dodging $100M+ in Taxes via Puerto Rico Residency (Decrypt)
Trump Nominates Crypto-Friendly Travis Hill as Permanent FDIC Chair (CoinDesk)
Congressman Begich Pushes U.S. Bitcoin Reserve Plan to Diversify National Holdings (House)
Treasuries
VisionSys AI Launches $2B Solana Treasury with Marinade Finance (PR News)
Avalanche Treasury Co. to Go Public via $675M SPAC, Eyes $1B AVAX Treasury (PR News)
VivoPower Raises $19M at Premium, Backs XRP Treasury Strategy (GlobeNewswire)
Swedish Lawmakers Propose Strategic Bitcoin Reserve, Reject CBDC Plans (Cointelegraph)
Venture Capital
September Crypto VC Report: Funding Rounds Down 25%, Capital Up 5% (Wu Blockchain)
Other News
Aptos Memecoin Influencer Buzz Joins as Advisor to Rebrand Network (Decrypt)
Elon Musk Becomes First Person Worth $500 Billion (Forbes)
Tornado Cash Dev Roman Storm Seeks Acquittal After Conviction (DL News)
NYC Pilot Tests $12,000 Crypto Basic Income for Young Adults (Bloomberg)
'Addicted' Weed Farming Game on Solana Sparks Hype and Ponzi Concerns (Decrypt)
Plasma Co-Founder Refutes Token Sale and Team Mislabeling Claims (X)
Upbit Lists Double Zero (2Z) on KRW, BTC, USDT Markets (Upbit)
Binance Adds DoubleZero (2Z) to HODLer Airdrops, Preps Listing (Binance)
CoinGecko Considers New Metric Amid Token Supply Debate (DL News)
Chinese Firms Chase Hong Kong Crypto Loopholes — Regulators Shut the Doors (Cointelegraph)
Ex‑Navy Diver Photographs Seed Phrase, Steals $1.7M in Crypto (Decrypt)
Check This Out
Bitcoin’s dominance has climbed from 57% to 59%, reinforcing its lead as the market rallies. Analysts note that BTC-led surges tend to create more durable market structures compared to altcoin-driven runs.
Source: Glassnode
Meme of the Day
Rate Today’s Edition
Share this newsletter, claim your reward! 🎁
Participate in the On & Off Chain referral program by sharing the newsletter with your friends to claim your reward:
✌️2 referrals: A personal shoutout in On & Off Chain
Must be subscribed
