class

In response to the recent orders from the Financial Crimes Enforcement Network (FinCEN) of the United States, MEXC's CEO Vugar Usi published an update stating that the platform's deposit and withdrawal operations have been running smoothly, and the team is assisting users in completing transactions. Although there has been an increase in withdrawal volume, the overall situation remains orderly. The KYT service provider Elliptic has confirmed that MEXC Global has been restored to the "exchange" category in its system, and the previous special risk classification has been removed.Vugar Usi stated that MEXC takes the concerns raised in the FinCEN order seriously and intends to engage in constructive contact with FinCEN. The company has also begun an independent review of its anti-money laundering and sanctions controls. The team will continue to focus on addressing the current situation and will share the latest information as developments occur. Previously, the U.S. Department of the Treasury's FinCEN ordered the disconnection of MEXC Global from the U.S. financial system, citing its involvement in transactions related to at least $16 billion in sanctions evasion.

a16z Chief Legal Counsel Miles Jennings posted on X that the U.S. Securities and Exchange Commission (SEC) has released new FAQs that further clarify its token classification framework. He pointed out that Question 1.4 clearly states that systems can maintain decentralized governance and use legal entities such as DUNA; Question 1.5 distinguishes between licensed and unlicensed systems; and Question 1.6 clarifies the difference between "functional" and "decentralized."The SEC's Division of Corporation Finance updated the relevant Q&A on November 2. The response to Question 1.4 states that participants in a widely governed functional crypto system, if not interconnected and without formal or informal collaborative arrangements other than participating in that governance system, typically do not constitute a group of persons or entities defined as "centralized parties"; even if they do form such a group, they must still possess operational, economic, or voting control to meet the definition of "centralized parties." This conclusion also applies to cases where the governance system belongs to an organization, association, or foundation, and participation is based on holding native crypto assets.The response to Question 1.5 states that centralized party oversight of participants refers to the authority to control access to the system at the protocol, validator, or user level, such as unilaterally granting or restricting access, deciding on upgrade voting procedures, controlling who can participate in consensus, or modifying rule code, revoking transactions, and access. The response to Question 1.6 states that "functional" refers to native crypto assets being usable according to the system's programmed purposes, while "decentralized" refers to the system operating autonomously without any person, entity, or group having operational, economic, or voting control; the two are distinct concepts. The above responses represent the views of the staff of the Division of Corporation Finance and do not constitute SEC rules or statements.

Documents from the U.S. Securities and Exchange Commission (SEC) show that Meta Platforms (META.O) issued 40 million Class A common shares.

Coinbase CEO Brian Armstrong posted on the X platform that all asset classes are migrating on-chain. Tokenized stocks and stablecoins are rapidly growing, and more tokenized assets will emerge in the future.Armstrong stated that Coinbase will continue to drive the upgrade of the financial system. The Blockworks chart he shared shows that the total supply of tokenized stocks has reached $3.75 billion, with a total of 1,501 stocks being tokenized.

According to market news, Intel (INTC.O) will acquire the quantum startup Classiq for approximately $2.3 billion.

According to Zhitong Finance, Intel has agreed to acquire the Israeli quantum computing startup Classiq Technologies, with the transaction price undisclosed and expected to be completed in the first half of 2027. Classiq's clients include BMW and AT&T, and its technology helps clients write code that can be tested and run on any type of quantum hardware.This acquisition will enhance Intel's research and development capabilities in quantum hardware and make its products easier to deploy on quantum computers. Intel CEO Pat Gelsinger stated that partnering with Classiq will transform Intel's quantum computing division into a full-stack quantum computing enterprise. Classiq has raised over $200 million in funding and has approximately 130 employees, and after the acquisition, it will continue to help clients develop code that can run on various types of quantum hardware, including competitors' hardware. Intel has been committed for over a decade to transforming its silicon-based manufacturing advantages into a position in quantum computing, focusing on spin qubit technology.

The S&P Dow Jones Indices has adjusted the rules for classifying stocks into growth and value categories, incorporating intangible assets, expected earnings, and free cash flow as evaluation factors. The new rules will take effect before the market opens on December 21, potentially forcing funds that track the relevant indices to adjust their holdings. At least $375 billion in passive fund assets are linked to the affected indices.

Coldcard hardware wallet manufacturer Coinkite and its co-founders Rodolfo Novak and Peter D. Gray are facing a class-action lawsuit in Ontario, Canada. The lawsuit alleges that the standard firmware used by the Coldcard hardware wallet since around March 2021 has fundamental flaws, as it does not utilize a true random number generator but instead relies on a predictable software pseudo-random number generator, which could lead to the mnemonic phrases being reproduced and the Bitcoin held by users being at risk of unauthorized access.The lawsuit seeks class certification and claims that Coinkite violated the Consumer Protection Act and the Sale of Goods Act, while also involving allegations of negligence, breach of contract, and seeks damages.

The asset management company Bitwise Asset Management and the Hyperliquid Policy Center submitted a comment letter to the U.S. Securities and Exchange Commission (SEC), requesting modifications to the proposed cryptocurrency rules to clarify token classification, airdrops, and secondary market trading rules. The SEC's proposed Regulation Crypto Assets would establish exemptions for eligible cryptocurrency financing and provide a conditional safe harbor for tokens related to investment contracts.Bitwise requested clarification on the standards for investment managers to determine whether tokens are subject to securities laws. The Hyperliquid Policy Center called for an expansion of the safe harbor scope and clarification of the rules for airdrops and token buybacks that reward network participants. The organization also requested that the SEC clarify whether unregistered intermediaries can facilitate token trading and whether tokens can be freely traded through on-chain protocols. Former SEC enforcement official John Reed Stark and Duke University finance scholar Lee Reiners called for the proposal to be withdrawn, arguing that it exceeds the SEC's statutory authority and undermines investor protection. The SEC will decide to amend, adopt, or withdraw the rules after the public comment period ends, and the final rules must be voted on by the commission before taking effect.

On October 15, the American aerospace company SpaceX launched a Falcon 9 rocket from Vandenberg Space Force Base in California, carrying out a classified mission for the United States Space Force.The payload and specific objectives of the mission were not disclosed to the public.

According to PRNewswire, 3iQ's UAE entity 3iQ Middle East Ltd has obtained in-principle approval for a Category 4 license from the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM), marking an important step in establishing regulated operations locally.3iQ stated that this approval is part of its strategy to expand its regulatory footprint in major global digital asset markets. Previously, 3iQ had formed a strategic partnership with the UAE digital asset investment management company Further and provided institutional investors with digital asset investment channels through the 3iQ Managed Account Platform (QMAP), which has attracted $100 million in sovereign capital-related seed funding.

According to Bits media, the Russian Ministry of Energy stated that cryptocurrency miners apply for grid access under the fourth category of power supply reliability. Such users can be directly cut off by the authorities at any time without prior negotiation.This category was established by the government in February this year, allowing technical access in areas where energy shortages have been declared and mining has been prohibited. The Ministry of Energy stated that this move can effectively utilize existing energy infrastructure while not threatening the reliability of power supply to residents.

Morgan Stanley has reclassified NVIDIA (NVDA.O) as a preferred stock.

According to Bitcoin.com, U.S. Federal Judge Jennifer L. Rochon dismissed the class action lawsuit against the organizers of the LIBRA project, Kelsier Ventures, the DeFi protocol Meteora, and related individuals, while also denying the plaintiffs' request to amend the complaint again.

According to The Defiant, U.S. District Judge Jennifer Rochon ruled to dismiss the class action lawsuit against LIBRA and M3M3 tokens, and it was a "dismissal with prejudice," meaning the plaintiffs cannot bring the same claims again.The judge found that the plaintiffs' reliance on a six-month issuance of Meme coins was insufficient to support the Racketeer Influenced and Corrupt Organizations Act (RICO) allegations; at the same time, the plaintiffs never listed Meteora as a suable entity.

The founder of Morpho, Paul Frambot, proposed a classification scheme suggesting that on-chain vaults be divided into "noncustodial" and "discretionary" categories to clearly define their nature to regulatory authorities.This proposal was immediately opposed by Aave founder Stani Kulechov, who called the classification "self-serving." Several vault developers also raised concerns, arguing that the timelock mechanism does not truly eliminate the role of the manager.

Two ChatGPT users from California filed a proposed class action lawsuit against OpenAI in the United States District Court for the Northern District of California this month, accusing the company of failing to adequately inform users that their real conversations were being handed over to external contractors for processing. The lawsuit was served to OpenAI on September 2, focusing on its internal initiative Project Lily. According to the complaint, "AI data reviewers" and "chatbot evaluators" recruited through a third-party staffing company read real ChatGPT prompts and complete conversations, summarize user intent, and score and comment on responses from four models on a scale of 1 to 7.This process is known in the industry as reinforcement learning from human feedback (RLHF), which is a fundamental method for enhancing chatbot capabilities. The complaint states that users were never explicitly informed that a person, rather than a machine, might be reading their conversations. OpenAI filters conversations through an automated system before human review, but the complaint alleges that the filters cannot intercept all content, and personal details sometimes still reach contractors. 404 Media first reported on the project on September 14 and found that the reviewers' dashboard included "user memory summaries," which could expose users' approximate locations, occupations, or private life information, even though usernames had been removed.OpenAI stated that such reviews aim to reduce two behaviors: chatbots behaving too much like humans and overly catering to users, referred to by researchers as "flattery." The complaint raises eight legal claims, including violations of California's Unfair Competition Law, Consumer Privacy Act, and common law claims for intrusion into private affairs, with the plaintiffs seeking damages, restitution of unjust enrichment, and punitive damages.

Recently, Ethereum Classic experienced a social engineering incident involving the Core-Geth client. The unreviewed ethereumclassic/core-geth v1.13.0 was released on September 14 and was promoted as a security update. A few mining pool nodes temporarily switched to this version but have since reverted to the long-term maintained etclabscore/core-geth v1.12.23.This unreviewed version modified key logic such as chain selection and node discovery, posing a potential risk of network split; the incident did not result in block loss, chain reorganization, fund loss, or service interruption.