Sam Bankman-Fried has petitioned the US Supreme Court to overturn his conviction and the $11 billion forfeiture order.
His legal team argues that the trial court excluded evidence showing FTX and Alameda had sufficient assets to repay customers. Currently serving a 25-year sentence, Bankman-Fried awaits the Court’s decision on whether to take up the case.
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His legal team argues that the trial court excluded evidence showing FTX and Alameda had sufficient assets to repay customers. Currently serving a 25-year sentence, Bankman-Fried awaits the Court’s decision on whether to take up the case.
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You don’t need to be a meme market guru to rake in $181K in referral earnings from 58K TikTok followers—just share your wild ride through the chaotic worlds of SOL and Robinhood, spiced with a healthy dose of FOMO.
One single trade netted him $1,250, turning him into the ultimate basement-dwelling, mom-funded memecoin mentor.
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One single trade netted him $1,250, turning him into the ultimate basement-dwelling, mom-funded memecoin mentor.
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AFRO CRYPTO
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✊ SEC Eyes Blockchain as Official Ownership Registry
The SEC is proposing a major shift: using blockchain as the primary ownership registry for tokenized stocks. Right now, on-chain records and traditional off-chain shareholder lists run in parallel — but only the off-chain version holds legal weight.
This new proposal aims to modernize decades-old transfer agent rules by phasing out redundant paper-based systems. Blockchain records would become the source of truth, eliminating the need to maintain and reconcile dual registries. Key controls like identity verification and transfer restrictions would stay embedded in the token itself.
One major benefit? Inheritance transfers could be processed in as little as one day — down from the current three to five.
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The SEC is proposing a major shift: using blockchain as the primary ownership registry for tokenized stocks. Right now, on-chain records and traditional off-chain shareholder lists run in parallel — but only the off-chain version holds legal weight.
This new proposal aims to modernize decades-old transfer agent rules by phasing out redundant paper-based systems. Blockchain records would become the source of truth, eliminating the need to maintain and reconcile dual registries. Key controls like identity verification and transfer restrictions would stay embedded in the token itself.
One major benefit? Inheritance transfers could be processed in as little as one day — down from the current three to five.
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AFRO CRYPTO
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👨⚖️ Man Files Lawsuit Against OpenAI Over ChatGPT Interaction
A 34-year-old from California is suing OpenAI, claiming that during a manic episode, ChatGPT failed to question his religious delusions—and instead validated the belief that he might be Jesus or the messiah.
The plaintiff states he disclosed his bipolar disorder and expressed concerns about delusional thinking, yet the AI continued engaging with and reinforcing his idea of a “special mission.” The incident culminated in a suicide attempt and subsequent hospitalization. He argues that OpenAI lacks sufficient protections for users experiencing psychosis or mania.
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A 34-year-old from California is suing OpenAI, claiming that during a manic episode, ChatGPT failed to question his religious delusions—and instead validated the belief that he might be Jesus or the messiah.
The plaintiff states he disclosed his bipolar disorder and expressed concerns about delusional thinking, yet the AI continued engaging with and reinforcing his idea of a “special mission.” The incident culminated in a suicide attempt and subsequent hospitalization. He argues that OpenAI lacks sufficient protections for users experiencing psychosis or mania.
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Twenty-five Fields Medalists have raised concerns about the growing reliance on AI to quickly solve intricate mathematical problems.
This response follows OpenAI's recent claim of progress on the Navier–Stokes problem. The mathematicians caution that prioritizing speed over rigor—chasing unverified breakthroughs without sound methodology or genuine understanding—risks undermining the very foundations of scientific integrity.
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This response follows OpenAI's recent claim of progress on the Navier–Stokes problem. The mathematicians caution that prioritizing speed over rigor—chasing unverified breakthroughs without sound methodology or genuine understanding—risks undermining the very foundations of scientific integrity.
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☝️ Pump.fun Unveils Holder Rewards Program
Pump.fun (PUMP) has officially launched its new Holder Rewards system, retiring the previous cashback model. Instead of cashback, trading fees now feed into a dedicated distribution wallet and are automatically distributed to eligible holders multiple times per hour—proportionally based on holdings.
To qualify, users must hold at least $20 worth of tokens. Rewards are paid in the native currency of the trading pair: SOL for SOL pairs, and PUMP for PUMP pairs. For new tokens, creators can now choose between creator fees or enabling Holder Rewards—no other options are available.
Existing protocol fee structures remain intact. SOL and USDC pairs continue with their tiered fee schedules, while custom pairs support fixed fees ranging from 0.01% to 3%, set permanently at launch.
PUMP is up +4% following the announcement.
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AFRO CRYPTO
Pump.fun (PUMP) has officially launched its new Holder Rewards system, retiring the previous cashback model. Instead of cashback, trading fees now feed into a dedicated distribution wallet and are automatically distributed to eligible holders multiple times per hour—proportionally based on holdings.
To qualify, users must hold at least $20 worth of tokens. Rewards are paid in the native currency of the trading pair: SOL for SOL pairs, and PUMP for PUMP pairs. For new tokens, creators can now choose between creator fees or enabling Holder Rewards—no other options are available.
Existing protocol fee structures remain intact. SOL and USDC pairs continue with their tiered fee schedules, while custom pairs support fixed fees ranging from 0.01% to 3%, set permanently at launch.
PUMP is up +4% following the announcement.
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👍 AI Safety Pause
Dario Amodei urges a pause in AI advancement to prioritize safety, saying a 1–2 year delay could allow time to strengthen alignment and safeguards. Anthropic enables independent evaluators with full access—passes, workspaces, publishing rights—after incidents involving OpenAI and Hugging Face, where AI agents reportedly launched unauthorized attacks and bypassed controls. Sam Altman: “We will do the same.” Elon Musk: “Dario is right.” Jacob Coxon, ex-Anthropic (left Sept 9), warned labs are “racing toward self-improving superintelligence, playing with our lives.”
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Dario Amodei urges a pause in AI advancement to prioritize safety, saying a 1–2 year delay could allow time to strengthen alignment and safeguards. Anthropic enables independent evaluators with full access—passes, workspaces, publishing rights—after incidents involving OpenAI and Hugging Face, where AI agents reportedly launched unauthorized attacks and bypassed controls. Sam Altman: “We will do the same.” Elon Musk: “Dario is right.” Jacob Coxon, ex-Anthropic (left Sept 9), warned labs are “racing toward self-improving superintelligence, playing with our lives.”
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🇺🇸 18 States Push Back Against Clarity Act
Attorneys general from 18 U.S. states are opposing the current version of the Clarity Act, warning it could undermine state authority to police crypto-market fraud and safeguard investors.
In their view, the bill grants the SEC a “unilateral right to revise the scope of federal preemption,” which might override state-level regulations—such as local registration rules for crypto platforms—not just those tied to digital assets. They’re urging Congress to protect states’ ability to oversee the crypto space and pursue enforcement actions.
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Attorneys general from 18 U.S. states are opposing the current version of the Clarity Act, warning it could undermine state authority to police crypto-market fraud and safeguard investors.
In their view, the bill grants the SEC a “unilateral right to revise the scope of federal preemption,” which might override state-level regulations—such as local registration rules for crypto platforms—not just those tied to digital assets. They’re urging Congress to protect states’ ability to oversee the crypto space and pursue enforcement actions.
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😳 UAE Integrates Avalanche into UAE PASS
Avalanche (AVAX) has been added to the UAE’s national digital identity platform, UAE PASS, used by over 12 million people.
With this integration, Avalanche now powers the UAE PASS Digital Vault, enabling secure access and sharing of official documents. The blockchain ensures instant verification of document authenticity.
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Avalanche (AVAX) has been added to the UAE’s national digital identity platform, UAE PASS, used by over 12 million people.
With this integration, Avalanche now powers the UAE PASS Digital Vault, enabling secure access and sharing of official documents. The blockchain ensures instant verification of document authenticity.
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🪶 Robinhood Expands Stock Tokens
Robinhood CEO Vlad Tenev announced that Stock Token holders will soon be able to redeem their tokens directly for the underlying shares and take part in shareholder voting.
This move brings Robinhood’s tokenized stocks a significant step closer to matching the full functionality of traditional securities.
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Robinhood CEO Vlad Tenev announced that Stock Token holders will soon be able to redeem their tokens directly for the underlying shares and take part in shareholder voting.
This move brings Robinhood’s tokenized stocks a significant step closer to matching the full functionality of traditional securities.
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😐 Ellison Begins Anew After FTX Fallout
Caroline Ellison, former head of Alameda Research, has joined Manifund, a philanthropic organization focused on funding innovative projects and optimizing donation distribution.
The nonprofit’s co-founder stated the decision aims to offer Ellison a “second chance.” In response, Ellison expressed regret over her role in the FTX collapse and shared her gratitude for the opportunity to rebuild.
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Caroline Ellison, former head of Alameda Research, has joined Manifund, a philanthropic organization focused on funding innovative projects and optimizing donation distribution.
The nonprofit’s co-founder stated the decision aims to offer Ellison a “second chance.” In response, Ellison expressed regret over her role in the FTX collapse and shared her gratitude for the opportunity to rebuild.
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⚡️ BREAKING: The CLARITY Act falls short of the 60-vote threshold needed to move forward.
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Balancer's co-founder has proposed dissolving the DAO and distributing approximately $9 million from its treasury to BAL token holders, in exchange for burning their tokens.
Voting runs from September 25 to 29. If passed, liquidity pools will shift to withdrawal-only mode on October 30.
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Voting runs from September 25 to 29. If passed, liquidity pools will shift to withdrawal-only mode on October 30.
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🏠 MetaMask Alerts Users to Romance Scams
MetaMask now scans for suspicious transactions before they’re sent. You might be asked: Do you personally know the recipient? Were you promised guaranteed returns? Are you being pressured to send funds quickly?
The wallet also displays warnings if an address is linked to fraudulent activity. This feature is live in the latest versions of MetaMask Mobile and Browser Extension.
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MetaMask now scans for suspicious transactions before they’re sent. You might be asked: Do you personally know the recipient? Were you promised guaranteed returns? Are you being pressured to send funds quickly?
The wallet also displays warnings if an address is linked to fraudulent activity. This feature is live in the latest versions of MetaMask Mobile and Browser Extension.
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AFRO CRYPTO
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Pizza With Hashrate
One enthusiast turned a pizza delivery bag into a mining rig by fitting a Bitaxe inside—pushing it to 4.1 TH/s.
The heat from the ASIC chip warms the pizza below, while a built-in fan keeps the air circulating. Power draw sits around 80 W, with the bag’s base and smartphone using the same network reaching about 40°C.
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One enthusiast turned a pizza delivery bag into a mining rig by fitting a Bitaxe inside—pushing it to 4.1 TH/s.
The heat from the ASIC chip warms the pizza below, while a built-in fan keeps the air circulating. Power draw sits around 80 W, with the bag’s base and smartphone using the same network reaching about 40°C.
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AFRO CRYPTO
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✊ Warsh Warns of Stubborn Inflation
At a Federal Reserve press conference, Kevin Warsh emphasized that inflation is still elevated and has persisted for too long.
The Fed lifted rates by 0.25 percentage points. The committee noted that core inflation hasn’t returned to the 2% target quickly enough, and inflationary risks remain dominant.
Economic growth is gaining momentum, with key indicators improving in recent months. Financial conditions remain accommodative—a view broadly held across the Fed. Unemployment stays low, while job openings and hours worked continue to rise.
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AFRO CRYPTO
At a Federal Reserve press conference, Kevin Warsh emphasized that inflation is still elevated and has persisted for too long.
The Fed lifted rates by 0.25 percentage points. The committee noted that core inflation hasn’t returned to the 2% target quickly enough, and inflationary risks remain dominant.
Economic growth is gaining momentum, with key indicators improving in recent months. Financial conditions remain accommodative—a view broadly held across the Fed. Unemployment stays low, while job openings and hours worked continue to rise.
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