Kentucky Sen. Brandon Smith faces two lawsuits over his Bitcoin mining firm, accused of misrepresentation and breach of contract. Read more: （Decrypt）

[Decrypt: The Sandbox Launches SANDChain, Focused on Creator Economy] The Sandbox announced the launch of an independent network, SANDChain, aimed at supporting the creator economy and enhancing the platform's level of decentralization. The network is based on the Ethereum ecosystem and plans to optimize transaction efficiency while reducing costs. Co-founder Sebastien Borget stated that this move will empower creators and drive the development of the metaverse, though the community still needs to pay attention to technical implementation and potential risks. (Decrypt)

[Federal Reserve Agrees to Ease Morgan Stanley's Capital Requirements] According to a report by Golden Finance, the Federal Reserve announced on Tuesday that Morgan Stanley (MS.N)'s stress capital buffer requirement has been reduced from the initial 5.1% to 4.3%. This adjustment stems from the Wall Street institution's request in August for the Federal Reserve to reconsider its annual stress test evaluation results. The multi-phase test is designed to assess the resilience of major U.S. banks during hypothetical economic downturns. In a statement, the Federal Reserve said: 'Based on the analysis of the information submitted by Morgan Stanley, the Board determined that the estimated losses for the bank's fair value option loan portfolio were overly conservative.' All 22 banks, including Morgan Stanley, successfully passed this year's Federal Reserve stress test, demonstrating that these institutions are capable of withstanding losses exceeding $550 billion.

[Ripple CTO David Schwartz to Step Down by Year-End] Ripple Chief Technology Officer David Schwartz has announced that he will step down by the end of the year. Schwartz has worked at the company for over 13 years, including 7 years as CTO, and has made significant contributions to the development of the XRP Ledger. Schwartz stated that after leaving, he will focus on family and personal hobbies but will continue to participate in XRP community activities.