Happy Wednesday! In today's Daily, the Trump vs. Harris U.S. presidential debate spurs risk-off sentiment in the crypto market, Indonesian crypto exchange Indodax faces a $20 million exploit, Matter Labs poaches Solana Foundation's VP of Marketing and more.

Let's get started.

Last night's U.S. presidential debate turned into a "sell-the-news" event, sparking risk-off sentiment in crypto amid consensus that Donald Trump's performance against Kamala Harris was underwhelming, according to Bitfinex analysts.

Indonesian crypto exchange Indodax discovered security issues on its platform that appear to have led to a multi-million dollar exploit.

ZKsync developer Matter Labs has hired Meghan Hughes, former VP of Marketing at the Solana Foundation, as its new Chief Marketing Officer.

Caroline Ellison's attorneys said she should serve no jail time for her role in FTX's collapse, advocating for a sentence of time served with a period of supervised release, according to a sentencing memorandum filed late Tuesday.

Bitcoin BTC +0.56% mining difficulty rose 3.6% on Wednesday morning to hit a new all-time high, following a record seven-day moving average total network hash rate reached over the weekend.

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