In a recent turn of events, venture capital firm Paradigm has voiced its apprehensions regarding the United States Securities and Exchange Commission's (SEC) approach in the ongoing legal battle with the cryptocurrency exchange giant, Binance. Paradigm asserts that the SEC's tactics are not only unconventional but also potentially far-reaching in their consequences for the crypto industry and, more importantly, for investors.

https://thecurrencyanalytics.com/events/paradigm-challenges-secs-unconventional-approach-in-binance-lawsuit-what-it-means-for-crypto-investors-72776.php

This past week: a $200 million hack, two infamous figures arrested, two voices of support for Binance, and two more stories.

https://www.theblock.co/post/253745/the-top-5-stories-from-last-week-in-crypto

Crypto news: investment manager Valkyrie Funds LLC is now adding Ethereum futures to its existing Bitcoin futures exchange-traded fund.

https://cryptoticker.io/en/crypto-news-sec-approval-of-valkyrie-funds/

DAOs should learn from Burning Man's example in simplifying their missions and governance structures and keeping community members engaged.

https://cointelegraph.com/news/daos-burning-man-mainstream-adoption

In Q3 2023, the crypto industry lost $889.3 million to hacks, scams, and rug pulls, more than cumulative losses in H1

https://crypto.news/crypto-scammers-and-hackers-stole-889m-in-q3-2023/

In a remarkable departure from the digital realm of cryptocurrencies, Pudgy Penguins, a standout NFT project during the bear market, is set to introduce 26 unique toys into the inventory

https://bitcoinworld.co.in/pudgy-penguins-partners-with-walmart-reviving-nft-enthusiasm/?utm_source=snapi

In a Sept. 26 filing, Judge Lewis Kaplan, presiding over the criminal case against Sam Bankman-Fried, the former CEO of cryptocurrency exchange FTX, issued rulings on the admissibility of certain types of evidence in his forthcoming criminal trial.

https://cryptoslate.com/court-rules-on-admissibility-of-evidence-in-sam-bankman-frieds-upcoming-criminal-trial/

According to Arkham Intel, the Huobi crypto exchange platform (HTX) fell victim to a hacking incident resulting in the theft of 5000 ETH, valued at approximately $8 million. The hacker reportedly moved 1,000 ETH to a separate wallet, 0x799, shortly after compromising the platform and has since remained silent.

https://www.newsbtc.com/huobi-ht/huobi-hacked-for-8-million-worth-of-eth-offers-hacker-5-bounty/

John Reed Stark, a former official of the Securities and Exchange Commission (SEC), voiced his perplexity over the seeming inaction of the U.S. Department of Justice (DOJ) in cryptocurrency-related cases.

https://www.cryptopolitan.com/john-reed-stark-highlights-sec-disparity-in-crypto/

In the fast-paced world of cryptocurrencies, where fortunes can be made and lost in the blink of an eye, a startling saga unfolds that strikes at the heart of one of the industry's most prominent figures. Sam Bankman Fried, affectionately known as SBF, the prodigious crypto entrepreneur who swiftly rose to fame, is now entangled in a legal maelstrom that involves none other than his own family.

https://thecurrencyanalytics.com/bitcoin/crypto-ceo-sam-bankman-frieds-family-faces-allegations-of-involvement-in-ftx-collapse-71677.php

In a recent legal development, United States-based law firm Fenwick & West has firmly rejected allegations of assisting the now-defunct cryptocurrency exchange FTX in alleged fraudulent activities. The class-action lawsuit, brought against the law firm, alleges that Fenwick provided extensive services to FTX that exceeded the norm for legal representation.

https://www.cryptopolitan.com/ftx-legal-battle-as-law-firm-disputes-claims/

Twelve major incidents security incidents occurred this week, leading to crypto losses of roughly $6.4 million.

https://crypto.news/discord-and-twitter-hacks-result-in-crypto-losses-of-6m/

In a bold move that could have far-reaching implications for the cryptocurrency industry, Binance, one of the world's largest crypto exchanges, and its CEO Changpeng “CZ” Zhao, have filed a motion to dismiss the U.S. Securities and Exchange Commission's (SEC) lawsuit against them. The 60-page petition challenges the SEC's allegations of mishandling customer funds, deceiving investors, and violating securities laws.

https://thecurrencyanalytics.com/altcoins/binance-and-ceo-cz-challenge-sec-lawsuit-citing-regulatory-overreach-71255.php

Ahead of the forthcoming enforcement of the European Union's Markets in Crypto Assets (MiCA) legislation, a top Binance representative is sounding the alarm about potential large-scale removals of stablecoins from the exchange.

https://crypto.news/binance-executive-flags-potential-eu-stablecoin-removal-amid-mica-uncertainty/

According to Bloomberg Intelligence analyst Jamie Coutts, Bitcoin has now passed the renewable energy milestone. This suggests that Tesla could resume accepting Bitcoin as payment, as cited in a 2021 tweet.

https://crypto.news/renewable-energy-milestone-opens-door-for-tesla-to-resume-crypto-payments/