ChainCatcher news, according to Fortune, as OpenAI's valuation skyrockets to $157 billion, its unique hybrid structure of nonprofit and for-profit is facing severe challenges. Experts believe that OpenAI may have reached or exceeded the limits of its corporate structure, which could lead to costly and complex restructuring. OpenAI currently operates as a nonprofit organization with the mission of developing artificial intelligence that benefits "all of humanity," while controlling a for-profit subsidiary. UCLA law professor Jill Horwitz emphasizes that when conflicts arise between the nonprofit and for-profit sectors, charitable purposes must take precedence.If the nonprofit sector loses control over its subsidiary, OpenAI may need to pay fair market value for interests and assets that originally belonged to the nonprofit sector. This involves complex asset evaluations, including intellectual property, patents, commercial products, and licenses. Experts anticipate that OpenAI may face rigorous scrutiny from the IRS, the Delaware Attorney General's office, and the California Attorney General's office.OpenAI CEO Sam Altman recently confirmed that the company is considering restructuring, potentially transitioning to a public benefit corporation, but specific details have not been disclosed. OpenAI board chair Bret Taylor stated that the board is focused on fulfilling its fiduciary duties, and any potential restructuring will ensure that the nonprofit organization continues to exist and thrive. However, some observers, including former board member Elon Musk, express skepticism about whether OpenAI remains true to its mission.

ChainCatcher news, FOX reporter Eleanor Terrett posted on social media that Ripple founder Chris Larsen has made the first recorded cryptocurrency donation to Kamala Harris. According to new filings with the Federal Election Commission (FEC), Larsen donated $1 million worth of XRP to Future Forward USA, one of the major super PACs supporting Harris.

ChainCatcher message, regarding offline authorization signatures like permit/permit2, Cobo co-founder and CEO Shen Yu posted on the X platform, "Under the call, at least provide a switch on dapps and plugin wallets."

ChainCatcher news, according to Tree News, Ripple Labs Inc. has submitted a notice of appeal to the U.S. Court of Appeals for the Second Circuit.

ChainCatcher news, according to Watcher.Guru, U.S. Securities and Exchange Commission (SEC) Commissioner Mark Uyeda acknowledged that their approach to cryptocurrency is "a disaster for the entire industry."

ChainCatcher news, according to Cointelegraph, the Federal Bureau of Investigation (FBI) has been criticized for allegedly violating the terms of the MIT License in its smart contracts. X user 0xCygaar (self-identified as an AbstractChain contributor) publicly accused the agency of not properly including the required license attribution when using the OpenZeppelin library (an open-source code resource). If confirmed, this omission could constitute a violation of copyright law, as the MIT License explicitly requires that any substantial use or modification of its code includes the original license. X users claim they have warned the FBI to "take necessary measures against the FBI."The MIT License governs the use of blockchain technology, particularly within the Ethereum ecosystem. It can be distributed, modified, and used for free as long as the original license terms are followed. A public inspection of the FBI's smart contract on Etherscan shows that the code is marked as "unlicensed," sparking varied reactions from the community. The implications of the alleged violation could be serious, as the MIT License, while generally considered developer-friendly, is legally binding, and if OpenZeppelin chooses to do so, it can take legal action by sending a cease-and-desist order requiring the FBI to rectify the violation or stop using the code. However, any formal lawsuit against the FBI would face challenges due to sovereign immunity.

ChainCatcher news, a member of the Abstract Chain team @0xCygaar pointed out on the X platform that the FBI is suspected of violating the MIT License when issuing the token NexFundAI.The staff member stated that the FBI directly copied several library files from OpenZeppelin in its smart contract but failed to attach the required license declaration in the code, constituting copyright infringement. According to the MIT License, all copies or substantial portions of the software must include the license declaration.Previous news, the FBI had previously created a token called NexFundAI on Ethereum to identify and combat these suspected fraudsters and bring them to justice.

ChainCatcher news, the Financial Services Commission of South Korea announced plans to establish a Virtual Asset Committee in its audit report to the National Assembly's Political Committee, to discuss significant issues such as the approval of virtual asset spot ETFs and the licensing of virtual asset exchanges.The Virtual Asset Committee is an advisory body that provides policy and institutional recommendations for the virtual asset market and business operators, chaired by the Vice Chairman of the Financial Services Commission, with members consisting of officials.Currently, the Financial Services Commission prohibits the trading of virtual asset ETFs such as Bitcoin, on the grounds that they do not fall under the underlying assets specified in the Capital Markets Act. Additionally, due to concerns about money laundering, companies are also prohibited from opening virtual asset accounts.Furthermore, the Financial Services Commission has established a non-profit foundation (Digital Asset User Protection Foundation), which receives user assets and returns them to businesses that have closed or suspended operations, and is currently conducting updated report reviews for businesses whose reporting period has expired.

ChainCatcher news, Fox Business reporter Eleanor Terrett posted on X that the super PAC supporting cryptocurrency has become the organization that has invested the most funds in the Ohio Senate campaign.The latest advertising spending has made "Defend American Jobs," funded by major crypto companies like Coinbase and Ripple, the largest spender in the state's Senate campaign to date.

ChainCatcher news, HashKey Global announced the launch of the new coin Dogs (DOGS) in the innovation zone, along with a limited-time recharge reward event, where new users have the chance to share a prize pool of 20,000 HSK. The specific schedule for the DOGS launch is as follows: deposits and withdrawals are now open, and DOGS/USDT spot trading will begin on October 10, 2024, at 18:00 (UTC+8), with both deposits and withdrawals conducted via the TON network.This event is aimed at new users, running from October 9, 2024, at 16:00 (UTC+8) to October 17, 2024, at 18:00 (UTC+8). During this period, users can participate in the rewards by making their first deposit of DOGS. For every net deposit of 1,000 DOGS, users will receive a reward of 1 HSK, with a total prize pool of 20,000 HSK and a maximum reward of 50 HSK per user.In addition, HashKey Global has currently launched a licensed contract zero-fee promotion, allowing users to enjoy a limited-time zero-fee benefit on contract trading.

ChainCatcher news, according to Cointelegraph, an 86-year-old former California lawyer was sentenced to five years of probation and ordered to pay nearly $14 million after admitting to running a multi-million dollar cryptocurrency Ponzi scheme.On October 8, Las Vegas federal court Judge Gloria Navarro sentenced David Kagel to probation after he pleaded guilty to a conspiracy charge of commodity fraud in May.Due to his poor health, Kagel is currently receiving hospice care at a senior facility in Las Vegas, where he will serve his probation unless he leaves, at which point he will be required to wear a monitoring device. Government prosecutors who charged Kagel last year stated that from December 2017 to around June 2022, David Kagel and two accomplices lured victims into investing in a fraudulent cryptocurrency trading scheme with promises of high returns and no risk.

ChainCatcher news, according to The Block, cryptocurrency investment firm Canary Capital has submitted a registration application for a spot XRP exchange-traded fund (ETF) to the U.S. Securities and Exchange Commission (SEC), becoming the second company to apply for such a product this month.Canary Capital founder Steven McClurg stated that as the demand for blockchain solutions grows, the company sees a more progressive regulatory environment. The ETF will provide investors with the opportunity to access the XRP market through traditional brokerage accounts, avoiding the potential risks of directly holding XRP. The custodian for the ETF has not yet been determined.

ChainCatcher news, Presto Labs' latest report indicates that retail investors' enthusiasm for the bankruptcy plan approved by the FTX court may be premature. In the report, analysts question whether the $16 billion in cash to be paid to creditors as part of the plan will flow back into the cryptocurrency market.FTX is expected to have a total value of assets available for distribution between $14.7 billion and $16.5 billion. This amount includes assets controlled by various entities. Presto Labs stated, "It is premature to assume that creditors will directly inject this cash into the market. Making such a broad assumption requires at least some analysis of the composition of the creditors, and to our knowledge, no one has publicly done that yet."The research firm noted that repayments will begin within 60 days after the plan's "effective" date, but the specific date has not yet been determined. This timeline suggests that any potential market impact will not occur quickly.

ChainCatcher news, according to Cointelegraph, Bitcoin financial services company Fold has submitted an S-4 filing to the U.S. Securities and Exchange Commission in preparation for going public. Fold's treasury currently holds over 1,000 BTC.

ChainCatcher news, according to ICO Drops, Telegram will launch a "Gift" feature, allowing gift recipients to choose to display it on their profile or sell it for "Stars".In addition, some gifts will be available in limited quantities, and Telegram will support converting these gifts into TON-based NFTs later this year. Users will be able to auction and trade these tokenized gifts outside of Telegram, with ownership recorded on the blockchain.

ChainCatcher news, according to CoinDesk, after a major group approved guidelines for the use of tokenized money market funds with the support of the U.S. Commodity Futures Trading Commission (CFTC), companies like BlackRock and Franklin Templeton may see their tokenized shares of money market funds used for trading.According to two informed sources, a subcommittee of the CFTC Global Markets Advisory Committee voted to submit these recommendations to the full committee, which is expected to vote on the proposals later this year. The report did not disclose specific recommendations, but the mere act of sending the proposals to the full committee can be seen as a next step.

ChainCatcher message, Ethereum co-founder Vitalik Buterin posted on Farcaster that perhaps developers should realize that 32 ETH is a higher threshold for stakers than bandwidth requirements, and maybe they could slightly increase the bandwidth requirements in exchange for lowering the minimum staking deposit to, for example, 16 or 24 ETH. This would benefit both staking accessibility and scale. Then, once Ethereum is ready for the peerdas upgrade, the bandwidth requirements will decrease, and the minimum deposit limit could also be lowered to 1 ETH.

ChainCatcher news, FOX reporter Eleanor Terrett posted on social media stating, "Ripple's Chief Legal Officer Stuart Alderoty said that Ripple is considering filing a counterclaim. This means Ripple may appeal Judge Torres's ruling on institutional sales or the $125 million fine. Both appeals will be handled in a case in the Second Circuit Court.If Ripple does file a counterclaim, it has 14 days to submit the application, starting from tomorrow."

ChainCatcher news, according to FOX Business, ETF issuer Bitwise has submitted an S-1 application for an XRP spot ETF to the SEC.