Bitcoin Mining Firm Cango to Terminate ADR, List Common Stock on NYSE in November

SpaceX has completed the $60 billion acquisition of AI coding startup Cursor, a key step for Elon Musk to catch up with rivals Anthropic and OpenAI in the AI space. According to regulatory filings, the deal took effect on August 14, two months after SpaceX officially announced the acquisition agreement. The purchase ranks among the largest tech transactions in history, intended to help Musk’s company accelerate development of more advanced AI tools that simplify tasks including coding—a highly profitable segment of the AI market. Musk’s AI venture, now rebranded as SpaceXAI, had limited commercial traction before and went through a series of layoffs and restructuring. Cursor’s AI assistant launched in 2023, designed to help programmers write and debug code more efficiently. It has emerged as one of the fastest-growing startups ever and played a core role in the tech “generative coding” era, when software developers’ demand for tools that can build based on chatbot prompts surged. (Jinshi)

Netflix announced that the drama series *The Altruists*—inspired by the rise and fall of FTX founder Sam Bankman-Fried (SBF) and former Alameda Research CEO Caroline Ellison—will premiere on November 19, with its first official stills released. The 8-episode series casts Anthony Boyle as SBF and Julia Garner as Caroline Ellison. Netflix’s synopsis notes the show follows two young idealists who set out to rapidly reshape the global financial system, only to face accusations of stealing $8 billion before ultimately tumbling from the pinnacle of financial power. Created by Graham Moore, *The Altruists* draws inspiration from reporting by New York Magazine journalists Kevin T. Dugan and Jen Wieczner. Barack Obama and Michelle Obama also serve as executive producers.

A wallet linked to Monetalis deposited 3.72M $UNI ($13M) into #Binance, #Coinbase, #Bybit, and #OKX through Cumberland over the past 24 hours.

Market pricing shows that the probability of the Federal Reserve raising interest rates more than once before mid-2027 has decreased. (Jinshi)

SpaceX has completed its acquisition of Cursor, with the merger taking effect on August 14.

Strategy issued a statement responding to the possibility of being removed from MSCI indices, stating: "Digital assets are assets. Index providers should measure the market, not decide which assets companies can hold." The firm added that MSCI’s relevant proposal is inconsistent with the direction of regulators, the market, and its own clients, emphasizing: "Bitcoin does not need MSCI, and neither does Strategy." Earlier reports noted that MSCI is soliciting feedback on a new non-operating company identification methodology, which could result in Strategy and Metaplanet being excluded from the MSCI All Country World Investable Market Index (ACWI IMI). Based on MSCI’s simulation using May 2026 data, Strategy, Metaplanet, and uranium investment firm Yellow Cake would be removed from MSCI ACWI IMI, while entities including SharpLink would be placed on the public watchlist.