ChainCatcher news, according to Bloomberg, the lawsuit against Musk for manipulating DOGE has ended due to investors withdrawing their appeals.

ChainCatcher news, according to BusinessInsider, Elon Musk has amended the lawsuit against OpenAI to include Microsoft as a defendant, claiming that their partnership is a "de facto merger," and accusing them of anti-competitive behavior. The lawsuit also names Microsoft board member and former OpenAI board member Reid Hoffman as a defendant.

ChainCatcher news, according to Coindesk, the crypto investment firm Sol Strategies (HODL), led by former Valkyrie Investment Company CEO and co-founder Leah Wald, has acquired four validator nodes for nearly $18 million in cash and stock.The Toronto-based company, formerly known as Cypherpunk Holdings, plans to acquire these validator nodes from Cogent Crypto. Cogent Crypto is a high-performance validator node operator operating within the Solana ecosystem. According to a statement released on Thursday, the total value of the investment is close to $18 million, divided into three phases: $1 million in cash and approximately $1 million in company stock will be paid upon completion of the transaction, with the remainder to be distributed in stock over three years, Sol Strategies stated.The company will acquire validator nodes for Solana (SOL), Sui (SUI), Monad (MONAD), and ARCH (ARCH) networks from Cogent Crypto, with most of the funds focused on SOL.

ChainCatcher news, according to Fox Business reporter Eleanor Terrett, 18 states in the U.S. have filed a lawsuit against the U.S. Securities and Exchange Commission (SEC) and its commissioners, accusing them of unconstitutional overreach and unfair "persecution" of the crypto industry under the leadership of SEC Chairman Gary Gensler.The lawsuit, signed by 18 Republican state attorneys general, details how the agency has engaged in "severe government overreach" through enforcement actions against the $3 trillion industry, infringing upon the states' authority to regulate their own economies.The 18 Republican state attorneys general are asking the court to declare that "digital asset transactions are not investment contracts" and to issue an order preventing the SEC from bringing future charges against "digital asset platforms that fail to register as exchanges, dealers, brokers, or clearing agencies." According to the complaint, many states have already developed their own regulatory frameworks for the crypto industry and encourage its growth.According to Nebraska Attorney General Mike Hilgers, Nebraska and Kentucky are jointly leading a coalition of 18 states challenging the Biden-Harris administration's illegal and broad regulation of cryptocurrencies. In a lawsuit filed in the U.S. District Court for the Eastern District of Kentucky, the state attorneys general and other parties accuse the SEC of exceeding its authority.Despite the SEC and its chairman previously taking actions and making public statements, the agency has launched a regulatory offensive against crypto companies. The SEC has exceeded the authority granted by Congress, attempting to classify cryptocurrencies as investment contracts to bring them under SEC regulation.In addition to Nebraska and Kentucky, the participating states include Arkansas, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Montana, Ohio, Oklahoma, South Carolina, Tennessee, Texas, Utah, and West Virginia.

ChainCatcher news, Sui ecosystem domain service Sui Name Service has announced that the NS token airdrop is now open for claiming.

ChainCatcher news, Crypto.com posted on the X platform stating that the Crypto.com App now supports native USDC on the Sui network.

ChainCatcher news, according to official news, asset management company VanEck announced on November 13 the launch of the SUI ETN product on the Amsterdam and Paris pan-European exchanges. This product allows investors to participate in the development of the Sui ecosystem without directly holding SUI tokens.The ETN product is currently open for trading in 15 European countries, including Austria, Switzerland, Germany, Denmark, Spain, Finland, France, and Italy.

ChainCatcher news, according to Forbes, several mainstream media groups in France, including "Les Echos" and "Le Parisien" owned by Europe's richest man Bernard Arnault, announced on November 13, 2024, that they are filing a joint lawsuit against the X platform. The media groups accuse the X platform of violating the EU "neighboring rights" directive by using their news content without payment.Previously, AFP also filed a similar lawsuit against X, with a court hearing scheduled for May 15, 2025. Notably, this will be the first legal confrontation between Arnault, worth $164 billion, and the current world's richest man, Elon Musk, worth $319 billion.The Paris court had requested X on May 24 to provide commercial data within two months to assess its revenue generated from media content, but X has yet to comply with this decision.

According to ChainCatcher news, as reported by Forbes, the bankruptcy estate of FTX has initiated 23 new lawsuits against institutions such as Binance, Anthony Scaramucci, SkyBridge Capital, Crypto.com, and even the lobbying group Fwd.us supported by Mark Zuckerberg, in an attempt to recover funds for creditors.These lawsuits allege that the funds transferred to these organizations were part of a larger "influence-buying campaign" orchestrated by FTX founder Sam Bankman-Fried. According to the legal documents, Bankman-Fried funneled money into political and traditional financial sectors through sponsorships, investments, and donations to enhance his reputation while concealing FTX's increasingly severe financial instability.The lawsuits claim that these expenditures provided "little to no benefit" to FTX or its creditors, primarily serving to maintain the illusion of financial stability as the company struggled with a significant gap in its balance sheet.

ChainCatcher news, Stronghold Digital has agreed to pay $4.75 million and 25 bitcoins to settle a class action lawsuit accusing it of exaggerating its bitcoin mining capabilities during its 2021 IPO. According to court documents, the settlement agreement was reached after a year of mediation and will be paid in installments over the next 24 months in bitcoin.The lawsuit was filed in April 2022 by plaintiffs in the Southern District of New York. Under the proposed settlement agreement, Stronghold and the underwriters (the group of investment banks responsible for Stronghold's 2021 IPO) agreed to pay compensation in cash and bitcoin after a year of mediation. The value of the bitcoin portion is based on the current bitcoin price (around $90,000), amounting to approximately $2.2 million.

ChainCatcher news, according to the "Maoming City" WeChat public account, Maoming City (a prefecture-level city in Guangdong Province) is continuously promoting the pilot work of digital RMB. Recently, I learned from the Maoming branch of the People's Bank of China that the party and government agencies and public institutions in Maoming City have fully implemented the distribution of subsidies in digital RMB.In July this year, the Maoming Municipal Finance Bureau and the Maoming branch of the People's Bank of China jointly issued the "Notice on the Pilot Work of Distributing Subsidies in Digital RMB." According to the requirements of the "Notice," the party and government agencies and public institutions in Maoming City began to fully implement the distribution of subsidies in digital RMB starting in September. By the end of October, a total of 359 budget units in the city had implemented the distribution of subsidies in digital RMB, with a cumulative total of 75,883 instances of subsidies distributed to administrative agencies and public institutions, amounting to 81.738 million yuan.At the same time, Maoming is also promoting the quality, expansion, and efficiency of the digital RMB pilot work, expanding multi-channel payment methods. In the next step, Maoming City will continue to promote the distribution of salaries in digital RMB for all budget units in the city. Additionally, it will actively promote the construction of a digital RMB application demonstration area in the eastern section of the Maonan River in Maoming City.

ChainCatcher news, at the "DeInsight 2024" annual summit held during Devcon in Bangkok, the RootData List 2024 annual rankings have been officially announced. Sui has successfully made it to the RootData List 2024 annual rankings as one of the "Top 50 Projects (TGE Completed)." Sui is a permissionless Layer 1 blockchain that offers horizontal scalability, enabling the development of a wide range of applications at unparalleled speed and low cost.It is reported that this ranking is the second annual selection launched by RootData following its first release in 2023, aimed at showcasing the influential and innovative key players in the Web3 space and assessing the critical forces that continue to drive industry progress. RootData is committed to demonstrating the core forces and trend characteristics of industry development through rigorous data analysis.The ranking statistics cover the period from October 31, 2023, to October 31, 2024, and five lists have been published, specifically: Top 50 Projects (TGE Completed), Top 50 Projects (TGE Not Conducted), Crypto VC Top 50 Investment Institutions, Top 10 Angel Investors, and Top 20 Best CEOs.

ChainCatcher news, FTX creditor Sunil stated on the X platform that FTX has filed a lawsuit to recover 27 million dollars from the Huobi and Poloniex accounts held by Alameda.

ChainCatcher news, according to informed sources, the founder of the Ethereum meme token Daram has deactivated the original Daram Twitter account after the new CTO community issued a complete severance statement. Last week, this founder issued a second token, and as of today, has deactivated all Twitter and community accounts, forcing the new CTO community of Daram to make a complete break. It is understood that the new CTO team of the Daram community has taken over the community and is orderly cooperating with various exchanges. The community atmosphere is good, and the current market capitalization of Daram is 4 million dollars.

ChainCatcher news, HashKey Global announced that it will launch Sui (SUI) on November 8, 2024, at 16:00 (UTC+8) and open SUI/USDT spot trading. Users can withdraw and deposit SUI through the Sui Network.From now until November 15, 2024, at 16:00 (UTC+8), new users who recharge any amount of SUI to HashKey Global for the first time will receive HSK rewards based on the total net recharge amount. For every net recharge of 1 SUI, users will receive 1 HSK, with a total reward pool of 20,000 HSK, available on a first-come, first-served basis until it runs out. The reward limit for each user is 30 HSK.

ChainCatcher news, according to CoinDesk, the U.S. Securities and Exchange Commission (SEC) has requested the Northern District of California to dismiss three defenses raised by Kraken against allegations of illegal activities on its cryptocurrency trading platform. In a motion submitted on November 5, the regulator rejected Kraken's claims regarding the ambiguity of securities laws and how they apply to virtual assets, as well as the assertion that the exchange did not receive fair notice indicating that its actions were considered violations of securities laws.It also asked the court to dismiss Kraken's "major questions doctrine" defense. This doctrine is a legal principle established by the Supreme Court, which states that agencies cannot expand their regulatory authority without explicit congressional authorization.In November 2023, the SEC sued Kraken for operating as an unregistered securities exchange, broker, dealer, and clearing agency. The SEC stated that it believes Kraken has illegally earned hundreds of millions of dollars by facilitating the buying and selling of crypto asset securities since September 2018. Kraken filed a motion to dismiss the case, which was denied in August.

ChainCatcher message, the Aleo Chinese community has sent an open letter to a16z regarding the Aleo project, inquiring about issues such as whether "a16z has filed a lawsuit against the original Aleo team in a U.S. court" is true:Curious about a16z's original intention to invest in Aleo, can a16z share the vision and key reasons for supporting Aleo;The leadership change in Aleo Network, with Howard Wu being replaced by Alex Purden who has a16z background, has raised questions in the community about whether this change aligns with Aleo Network's long-term goals and strategy;Rumors are spreading about "a16z and other venture capital firms filing legal lawsuits against the original Aleo team in U.S. courts," causing deep concern in the community; are these rumors true?