🤖 Sora Deepfakes, 24/7 Trading, Musk Hits $500B

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

• Bitcoin Miners Hit Record $50B Market Cap in September Amid AI Pivot (Decrypt)

• Canaan Secures Massive 50,000‑Unit Bitcoin Miner Order—Shares Soar 25% (The Block)

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.

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