ChainCatcher news, according to coinglass, the total liquidation amount across the network in the past 24 hours was 101 million USD, with long position liquidations amounting to 27.56 million USD and short position liquidations amounting to 73.07 million USD. Among them, the liquidation amount for BTC was 29.04 million USD, for ETH it was 10.95 million USD, and for SUI it was 6.62 million USD.

ChainCatcher news, according to Cointelegraph, a British IT engineer James Howells from Newport accidentally discarded a hard drive containing 8,000 bitcoins into a landfill and is suing the Newport City Council for £495 million (approximately $647 million) in damages.It is reported that the man has made several attempts to retrieve the hard drive from the local landfill but has faced resistance from the city council, which has repeatedly denied his requests to excavate the site.

ChainCatcher news, according to The Block, Evan Cheng, co-founder and CEO of Sui blockchain development company Mysten Labs, stated in an interview in May that the "ChatGPT moment" for cryptocurrency could arrive at any time. In a recent interview at the Mainnet conference, Cheng reiterated that the moment has not yet arrived, but it is still just around the corner. As for how Cheng plans to lead Sui to this breakthrough, he believes that by catering to "disruptive developers" and conducting extensive experiments, his blockchain has the most potential to achieve this breakthrough.One of the upcoming eye-catching experiments from Sui is the SuiPlay0X1 handheld gaming device, which is now available for pre-order and is scheduled to launch in 2025. While some may view the device as a hardware play, similar to Solana's Web3 phone, Cheng sees the device as a software product rather than a hardware product.Cheng said, "This is a gaming device that can play all Windows games. It is better than other devices in terms of deep software integration and operating system integration. Even for existing Web3 gamers, it is a superior product due to the advantages of the software. Hardware is almost like a commodity, while the software experience is where the magic lies and is the key to success."Market data shows that SUI briefly reached $2.2485, setting a new all-time high.

ChainCatcher news, law firm Pomerantz LLP announced that it has filed a class action lawsuit against the Nasdaq-listed cryptocurrency exchange Coinbase Global, Inc., involving Coinbase and certain of its executives and/or directors participating in securities fraud or other illegal business practices.

ChainCatcher news, law firm Pomerantz LLP announced that it has filed a class action lawsuit against the Nasdaq-listed cryptocurrency exchange Coinbase Global, Inc., involving Coinbase and certain of its executives or directors participating in securities fraud or other illegal business practices.

ChainCatcher news reports that Craig Wright, known as "Satoshi Nakamoto," filed a lawsuit against BTC Core and Jack Dorsey's payment company Square in the High Court of England on October 10 as a "litigant in person," without hiring a lawyer. The specific purpose of the case has not been disclosed.Craig Wright also posted legal threats related to MicroStrategy on the X platform, and it remains unclear whether they are related to this lawsuit.Additionally, Craig Wright is currently attempting to initiate three appeals in the UK, two of which are against the Crypto Open Patent Alliance (COPA).

According to ChainCatcher news, data from the Web3 asset data platform RootData shows that among the 15,032 projects/institutions currently operating (excluding those that have ceased operations) recorded by RootData, a total of 2,675 projects/institutions (including 2,549 projects and 126 institutions) are using the ".io" domain, accounting for approximately 17.8%.Notable projects include Sui, Sei, Arbitrum, Filecoin, Blur, Optimism, KuCoin, BitTorrent, Gate.io, StarkNet, Merit Circle, EOS, Neiro, Nexo, Synthetix, zkSync, Raydium, Blur, IOTA, Kava, IoTeX, 1inch, WOO X, Hamster Kombat, AltLayer, Mask Network, GMX, Metis, Blast, Banana Gun, etc. Notable institutions include Waterdrip Capital, The Spartan Group, AC Capital, OpenSea Ventures, Ryze Labs, YBB Foundation, Ton Ventures, etc.Previous report stated that the UK government announced the abandonment of sovereignty over the Chagos Archipelago in the Indian Ocean. Once the treaty is signed, the British Indian Ocean Territory will cease to exist. Previously, the Internet Assigned Numbers Authority (IANA) nominally assigned ".io" as a country code top-level domain (ccTLD) to the British Indian Ocean Territory, and returning the Chagos Islands would lead to the disappearance of the British Indian Ocean Territory, which may also result in the cancellation of the corresponding ISO-3166 two-letter country code IO and the ".io" domain.

ChainCatcher News, American citizen Josh Jarrett, with the support of Coin Center, has filed a lawsuit against the IRS regarding the tax policy on cryptocurrency staking rewards.Block rewards are new cryptocurrency tokens earned by validators for adding blocks to the blockchain. The IRS currently treats these rewards as taxable income upon receipt, which Jarrett and Coin Center argue is unfair. The lawsuit states that block rewards should be considered new property and not taxed as income, with taxation only occurring when sold or exchanged for cash.According to Jarrett, this principle applies equally to other forms of new property, such as crops or minerals, which are only taxed upon sale. The lawsuit claims that taxing staking rewards before they are sold leads to over-taxation and imposes additional and unnecessary regulatory burdens on crypto node operators.This lawsuit marks Jarrett's second attempt to sue the IRS on this issue, aiming to push for a revision of the current policy. The lawsuit also points out that the IRS's stance on taxing staking rewards may hinder innovation and development in the cryptocurrency industry.

The U.S. Securities and Exchange Commission (SEC) has sued Cumberland DRW, claiming it operates as an unregistered securities dealer. According to the SEC's filing, since March 2018, Cumberland has been trading crypto assets as securities for its proprietary accounts as an unregistered dealer.In response, Cumberland DRW announced on the X platform that the SEC believes some of our trades involving certain crypto assets are securities transactions. We took this step in 2019 by acquiring a registered broker-dealer. Until then—despite Chairman Gensler's calls to "come in and register"—we were only informed that we could trade BTC or ETH (both commodities, not under SEC jurisdiction) through our broker-dealer.Cumberland DRW stated that the SEC's action will not change its business operations or the assets it provides liquidity for. The court's allegations against DRW are "merely based on a 'flat earth' conviction." This time, the SEC's approach seems to be a game of "Catch-22," where the ability to "come in and register" is just a mirage. We are ready to defend ourselves again.

ChainCatcher news, the lending protocol Scallop within the ecosystem has announced that it has received investment from the Sui Foundation.As the fastest-growing public chain in this cycle, this investment solidifies Scallop's leading position within the Sui ecosystem and will help it grow, enabling it to bring more features and functionalities to the ecosystem.

ChainCatcher news, the crypto mining company IREN (formerly Iris Energy) is facing a class action lawsuit from investors, accusing it of misleading investors regarding its high-performance computing business.On October 7, a class action lawsuit led by Paul Williams-Israel was filed in federal court in New York, claiming that IREN's facility in Childress, Texas was falsely advertised as a data center suitable for high-performance computing (HPC) and exaggerated its computing capabilities. The lawsuit also pointed out that there was significant misinformation in the expansion plans and HPC strategy released by IREN in a statement in June 2023.IREN's co-founders and co-CEOs Daniel Roberts and William Roberts, as well as the company's CFO Belinda Nucifora, are all named as defendants.

ChainCatcher news, Blockchain Association CEO Kristin Smith recently publicly supported the lawsuit filed by Crypto.com against the U.S. SEC, stating that the regulatory agency's overreach threatens the U.S. crypto industry.In a statement posted on X, Smith emphasized that this lawsuit is a key initiative for the regulatory transparency needed to drive the growth of the U.S. crypto industry, saying, "Crypto.com's leadership has sent a clear message to the U.S. SEC: the crypto industry is here to stay."She stressed that this lawsuit is not only a defense of the company but also a defense of the broader U.S. crypto community and its users against what she perceives as regulatory overreach.

ChainCatcher news, according to Cointelegraph, the U.S. Securities and Exchange Commission (SEC), the Federal Bureau of Investigation (FBI), and the Department of Justice (DOJ) jointly filed lawsuits on October 9 against four cryptocurrency companies suspected of fraud and market manipulation, including Gotbit Consulting, ZM Quant Investment, and CLS Global. Two lawsuits were also filed against individuals related to the case, with a total of nine individuals being charged, some of whom agreed to settle separately.Gotbit Consulting and its market director Fedor Kedrov are accused of manipulating the market through wash trading on behalf of individuals promoting cryptocurrencies named Saitama and Robo Inu. The other two companies, ZM Quant Investment and CLS Global, face nearly identical charges, all related to a token called NexFundAI. NexFundAI was created by the FBI. ZM Quant and four individuals associated with Pham are also charged in connection with another cryptocurrency asset, SaitaRealty coin.The Department of Justice listed 18 individuals and another company, MyTrade MM, which also provided services for NexFundAI, facing charges in these consolidated cases.The individuals involved in this case are distributed across multiple countries, including the United States, Russia, and India, reflecting the complexity and breadth of the case.

ChainCatcher news, Grayscale announced on platform X that Grayscale Sui Trust is now open to qualified investors, who can seek SUI investment exposure through the fund.

ChainCatcher news, Grayscale announced on platform X that Grayscale Sui Trust is now open to qualified investors, who can seek SUI investment exposure through the fund.

ChainCatcher news, according to Decrypt, the Sui ecosystem DeFi platform DeepBook has announced the DEEP token release plan.It is reported that the token is set to launch on October 14, with a maximum supply of 10 billion tokens; 2.5 billion tokens will be part of the initial circulating supply, and the remainder will be released over the next 7 years.

ChainCatcher news, OpenAI on Tuesday requested the dismissal of Musk's federal lawsuit against the company. Two months ago, Musk filed a lawsuit accusing OpenAI of abandoning its founding mission to develop an open artificial intelligence platform to "benefit humanity" in favor of profit maximization. In a motion to dismiss filed in California federal court, OpenAI stated that Musk's lawsuit is the latest move in a "continuing campaign to harass OpenAI for his own competitive advantage."OpenAI's documents point out that Musk subsequently launched his own AI startup, xAI, and claimed he is "trying to leverage the judicial system" to gain a competitive edge in the field. Musk has not yet commented on the document.