SUI Tokens Faces Decline Amid South Korean Regulatory Accusations
The native SUI token of Sui has faced a 7% decline in two days, dropping from $0.41 on Oct. 16 to $0.37 on Oct. 18, partly due to accusations by South Korean regulators. The Sui Foundation, behind the layer-1 blockchain, rejected claims of supply manipulation, stating that no SUI tokens were vended by the Foundation after the initial Community Access Program distributions. South Korean regulators are commencing an investigation into SUI token distribution based on accusations by Representative Min Byeong-deok, who accused the foundation of self-interest by staking locked coins and lying about circulating supply. South Korea is operating on comprehensive crypto regulation for early 2024.

Taproot Asset for Bitcoin and Lightning Network Launched
Lightning Labs has launched the Taproot Assets mainnet alpha, enabling the issuance of stablecoins and assets on the Bitcoin and Lightning Network. Taproot Assets v0.3, facilitates issuing and managing assets on the Bitcoin blockchain, promoting multi-asset use. The integration utilises existing Bitcoin liquidity on the Lightning Network, broadening Bitcoin's network effects. It responds to strong developer demand for stablecoin applications on Bitcoin, with thousands of Taproot Assets minted on testnets. While an alpha release indicates ongoing development and testing, it's a significant step toward making Bitcoin a global routing network for financial assets.

Google Seeks Dismiss of Class Action Lawsuit for AI Data Scraping
Google requests dismissal of a proposed class-action lawsuit accusing it of privacy and property rights violations through data scraping for AI training. Google argues that using publicly available data for AI education does not constitute theft or invasiveness. The lawsuit, brought in July by eight individuals representing a broad range of internet users and copyright holders, contends that Google's altered privacy policy allowed data scraping for AI. Google argues that the complaint predominantly addresses immaterial actions by third parties and lacks clear evidence of how the plaintiffs have been negatively impacted. These legal battles underscore the complexities tech giants face in AI development.

A DeFi Protocol, Platypus Finance has Recovered 90% Stolen Assets
A DeFi protocol, Platypus Finance has recovered 90% assets stolen from a recent security violation, limiting its net loss to $167,400 worth of AVAX. The funds were voluntarily retired by the hacker and legal action will not be taken. The attack involved three flash loan incidents, totaling $2.23 million. Platypus has halted liquidity pools after the security breach, conducting a security audit. This marks the third attack on the platform this year, with previous losses of $157,000 and $8.5 million. Platypus Finance had previously promised to return at least 63% of users' lost assets, emphasising the ongoing risks in the DeFi space.

Scroll, a Competitor in the zkEVM Space, Announces Mainnet Launch
Scroll, a competitor in the zero-knowledge Ethereum virtual machine (zkEVM) space, has announced the launch of its mainnet. The goal of this scaling solution is to present a proof of proof on Ethereum's mainnet by processing thousands of off-chain transactions in a single batch. This scaling solution also aims to provide low transaction costs and high throughput for decentralised applications running on Ethereum. Let us tell you that Mainnet was launched after 15 months of extensive testing and security audit in 3 different Testnets. Scroll co-founder, Ye Zhang has said that initially they will have centralised facilities, but there are plans to gradually decentralise it. Other zkEVM solutions working to scale Ethereum include Polygon, zkSync, StarkWare and Immutable.

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Metamask Ethereum Wallet Briefly Removed from Apple’s App Store
Apple's App Store briefly removed the MetaMask Ethereum wallet on 14 October, causing concerns about its permanent removal. MetaMask is integral to Web3 decentralised applications (DApps) and it boasts around 30 Million users globally. A spokesperson of Metamask clarified that this removal was not due to any security issues or malicious activity. Rather, it appears to be a result of Apple's policies, which prohibit unrelated background activities, such as cryptocurrency mining. Providentially this removal was temporary and Metamask was reinstalled on the app store. This episode underscores that crypto-related apps encounter persistent difficulties when it comes to complying with the strict regulations set by tech giants like Apple, which also involve sharing 30% of transaction revenues.

Uniswap v4 causing controversy with KYC hook in crypto community
A new Hook available on the open-source directory for Uniswap v4 Hook is causing controversy within the crypto community. Criticising Hook, a user wrote on X that Hook opens the possibility of Decentralised Finance Protocol (DeFi) being whitelisted by regulators. Hook enables users to check KYC of their customers before trading on the pool. KYC is mostly used by financial institutions to authenticate the identity of customers and detect illegal activities. Uniswap is ready to introduce v4 Hook Customizable Hook, which will be easy for government approved entities in early 2024.