Binance co-founder Changpeng Zhao (CZ) has filed a request to dismiss a $1.8 billion lawsuit related to the FTX trust, citing lack of jurisdiction by the US bankruptcy court. CZ, a resident of the UAE, argues that the claims do not apply extraterritorially, according to Bloomberg. In other news, the US SEC has clarified that crypto liquid staking setups and receipt tokens are not classified as securities. This announcement is significant for staking ETF issuers, providing clarity on regulatory stances. Additionally, Coinbase plans to raise $2 billion through convertible notes to support technology, operations, and potential acquisitions.