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In brief UK software engineer Lewis Barber is suing the operator of BitMEX, the crypto derivatives exchange that shut down in September, in London’s Commercial Court. Barber wants 324.8 BTC returned, alleging BitMEX traded with him without authorization from the Financial Conduct Authority, the UK’s financial regulator. His lawyers say other UK traders may have similar claims, which could run to hundreds of millions of pounds in total. A British software engineer is suing the operator of crypto derivatives exchange BitMEX for the return of 324.8 BTC, alleging it traded with him in the UK without regulatory approval, according to…

In brief Palantir CTO Shyam Sankar claimed on CBS that many AI researchers have started smoking to show how much they believe in AI. Sankar provide any data, and used the segment to attack effective altruism as a doomsday cult. The CDC says smoking causes about one in three U.S. cancer deaths, and Anthropic’s Dario Amodei says only actually curing cancer will earn public trust in AI. Nothing says “I trust the future of medicine” quite like lighting a Marlboro and waiting for the chatbot to fix your lungs. That is the habit Palantir CTO Shyam Sankar says is spreading…

In brief A wallet holding 4,581.94 BTC sent its full balance, worth about $377 million, to five new addresses on Oct. 12 in a single transaction that paid a fee of 732 sats. The coins arrived in March 2020, when they were worth roughly $40.5 million. The address received 22 dust deposits since 2020, including 600 sats on Jan. 28, 2025 from a look-alike address matching its first three and last four characters. A Bitcoin wallet that has held 4,581.94 BTC since March 2020 sent its entire balance to five new addresses on Oct. 12, moving about $377 million in…

In brief Character.AI filed for voluntary Chapter 11 bankruptcy in Delaware on October 12 to sell itself under court supervision, and says the app will be wound down if no buyer keeps it running. Disney is the opening bidder, offering $20 million for a non-exclusive perpetual license to some of the startup’s intellectual property, weeks after hiring its CEO as Disney’s first CTO. The company pointed users attached to their AI companions toward mental health resources, just two weeks after launching two new chat models and a cheaper $4.99 subscription. Character.AI, the app where millions of people spend hours chatting…

In brief The FBI arrested OpenAI engineer Abdulrahman Alfozan on Oct. 9 for allegedly planting a hidden audio recorder in an executive conference room at the OpenAI’s San Francisco offices. Prosecutors say a chatbot account tied to his spouse asked how to build, hide, and remotely access a continuous audio recorder days before the device was installed. OpenAI says its models helped identify him and that it has no indication he took model weights, source code, or customer data. An OpenAI engineer is in federal custody after allegedly hiding an encrypted audio recorder behind a television in one of the…

In brief Binance will discontinue Binance Pool, Pool Savings, Cloud Mining, Transaction Accelerator and related features at 07:00 UTC on Nov. 10. Miners must point their hardware to another pool before the cutoff, and Pool Savings users must redeem their positions before the service ends. The closure follows Binance’s July shutdown of its exchange NFT service and its June push into U.S. stocks and tokenized equities. Binance will shut down its mining pool and several related services on Nov. 10, the exchange said in an announcement published Tuesday. The closure covers Binance Pool, Pool Savings, Cloud Mining, and Transaction Accelerator,…

In brief Strive bought 3,311 BTC worth roughly $280 million between Oct. 5 and Oct. 9 at an average price of about $84,500 per coin, its largest purchase since January, lifting holdings to 32,773 BTC. The buy caps an aggressive run—following $169 million and $94.5 million purchases—for the firm, which trades as ASST and recently merged with Semler Scientific to grow its balance sheet. It lands amid heavy treasury activity from Strategy, Solana’s DeFi Dev Corp. and Bitmine, as Strive bought into a dip well below Bitcoin’s recent highs. Strive is piling into Bitcoin at its fastest clip of the…

In brief Bitcoin is up 2.24% at $83,591.79 after dipping to $80,953.41, a higher low than the $80,365.12 swing that started its latest bounce. The Crypto Fear and Greed Index sits at a neutral 55, down from an “extreme greed” peak of 82 in August. Myriad traders give 54% odds that Bitcoin touches $80,000 in October and 45% odds it reaches $87,500. Bitcoin is bouncing today following a week that had traders swapping “Uptober” memes for “spooky szn” ones after BTC cut its September gains in half.The price of Bitcoin today slid to $80,953.41 early Tuesday, extending a Monday sell-off,…