With bitcoin breaking above its recent $500 trading range, CoinDesk’s Markets Daily is back for your latest crypto news roundup!

This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.

Today’s stories:

Against the Odds, Some Bitcoin Traders Are Betting on a $36K Price by Year’s End

The Deribit exchange has seen a spike in investors buying the $36,000 December call option despite the market placing low odds on a new record high this year. 

DeFi Lender bZx Loses $8M in Third Attack This Year

An attacker found a way to mint unbacked iTokens that they could then redeem against other cryptos held in lending pools for DeFi lender bZx.

Iran May Fund Car Imports with Cryptocurrency Mining

An Iranian free trade zone is proposing locally mined cryptocurrency might be a way to fund car imports.

SEC Charges Rapper TI With Securites Violations for ICO

The SEC alleged film producer Ryan Felton misappropriated funds from two separate initial coin offerings, and charged rapper TI with boosting one of them.