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first_img The Southern District Court of New York rejected the preliminary injunction motion against Susquehanna for insider trading

On September 14, 2026, Judge Arun Subramanian of the United States District Court for the Southern District of New York issued an opinion and order denying the plaintiff's motion for a preliminary injunction. The case number is 1:26-cv-05474-AS, with the plaintiffs being market makers Susquehanna Securities, LLC and Susquehanna Investment Group, and the intervenor being market maker Citadel Securities LLC, while the defendants are John Does 1 through 100. The plaintiffs filed the lawsuit on June 29, 2026, claiming violations under Section 20A of the Securities Exchange Act of 1934 and unjust enrichment claims.The plaintiffs allege that the defendants traded on significant non-public information, specifically an announcement on May 22, 2026, regarding "the Chinese government's crackdown on cross-border trading platforms," which led to a collapse of the relevant securities. The plaintiffs sought a preliminary injunction to restrict the 40 defendants, as reduced, from transferring, encumbering, removing, or otherwise disposing of the profits obtained through the alleged insider trading activities in their accounts at third-party brokerage firms, or sought a seizure order. The court found that the plaintiffs failed to demonstrate the elements necessary to prove that they may suffer irreparable harm, and the motion was denied.

first_img HashKey RWA CEO Anna Liu: RWA is not an experiment but a reconstruction, with a global market size nearing 30 billion dollars

ChainCatcher live report, HashKey RWA CEO Anna Liu delivered a keynote speech at the 2026 Hong Kong Web3 Carnival. She introduced that Hashkey Chain has deployed 11 tokenized products, with the total value of on-chain RWA assets reaching 2 billion Hong Kong dollars. The exchange has launched seven tokenized products, including Hong Kong's first tokenized gold ETF.She addressed the four major challenges of RWA: first, the authenticity of underlying assets; blockchain cannot guarantee the authenticity of data before it is on-chain, and the oracle problem is a core issue; second, the lack of a commercial closed loop; many projects go on-chain just for the sake of going on-chain, and new value must be created that traditional methods cannot achieve; third, the liquidity dilemma; even compliant STO exchanges in the U.S. often have daily trading volumes of only a few tens of thousands of dollars, requiring high-quality assets, licensed distribution channels, and secondary market infrastructure to be in place simultaneously; fourth, the complexity of cross-border compliance, suggesting that resource planning should be included from day one.She proposed that asset tokenization should first ask three questions: Can it be done? Is it suitable? Why tokenize? She cited data indicating that in the first quarter of this year, the global tokenized RWA market size has approached 30 billion dollars, growing over 260% in the past year, with the IMF characterizing it this month as "a fundamental restructuring of the financial architecture."
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