Abracadabra proposes to liquidate MIM and settle outstanding debts at a rate of $0.04

OpenAI is seeking at least $30 billion in new funding, corresponding to a valuation of approximately $1.4 trillion, and has postponed its IPO plan until after 2027. OpenAI's annualized revenue exceeded $40 billion this summer, an increase of approximately 70% since July. The company has launched AI intelligent agent Dots and launched a high-end subscription package priced at $500 per month. Competitor Anthropic has submitted an IPO prospectus, planning to invest approximately $518 billion in cloud computing and infrastructure after going public, with a potential valuation of over $2 trillion. (Source: Bloomberg)

Former New York Governor and OKX director Andrew Cuomo warns that if the Democratic Party wins Congress in the midterm elections, the current regulatory progress in the cryptocurrency industry is at risk of being overturned. Andrew Cuomo told Bloomberg that regulatory agencies' ad hoc rules are far more fragile than legislation, and regulation is not legislation. On September 15th, the Senate rejected the CLARITY bill, which set federal rules for the cryptocurrency market, by a 49:50 vote, falling short of the 60 vote threshold. On September 17th, the SEC granted a five-year token stock trading exemption. Andrew Cuomo expects the new Congress to scrutinize the rules of such institutions, hoping that the lame duck Congress will pass the bill before January 1 next year, and criticizing the industry for failing to organize millions of cryptocurrency users to support the legislation. (Source: Bloomberg)

US Senator Blumenthal claimed that Tether's USDT provided convenience for Iran to evade sanctions.

Arthur Hayes stated at the CONNECT event in Seoul that Bitcoin has created lasting value and is the cornerstone of the entire cryptocurrency ecosystem.

Independent directors cite management’s financial risk and restructuring role, but leave questions about Gerovich’s exercised shares and MMXX Ventures unanswered.