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Glonghui, February 5th｜PacifiCorp on Wednesday urged an Oregon appeals court to overturn a ruling that exposes the Berkshire Hathaway-owned utility to potential wildfire liabilities of $52 billion. The Portland, Oregon-based utility rejected claims from thousands of state residents who accused the company of negligence for failing to shut off power lines during a windstorm over Labor Day weekend in 2020, which allegedly sparked wildfires. PacifiCorp argued that the trial judge erred by allowing victims of four separate wildfires (each more than 100 miles (161 kilometers) apart) to sue together in a class action, including damages from a fifth wildfire that was blamed on lightning. The utility also stated that the judge should not have allowed the jury to award compensation for "non-economic" losses such as emotional distress, as well as property damage. "This is a tragedy," PacifiCorp attorney Theodore Boutrous told a three-judge panel at the Oregon Court of Appeals when discussing the wildfires. "The question is, how do we resolve these cases efficiently? This is not the way to solve the problem." Berkshire acquired PacifiCorp for $5.1 billion in 2006.

BlockBeats News, on February 5, according to on-chain data analyst Yujin's monitoring, since the afternoon of February 1, Trend Research has cumulatively reduced its position by stop-loss, selling 188,500 ETH over the past four days at an average price of $2,263 (approximately $426 million), and repaid $385 million USDT to reduce leverage. Currently, the liquidation prices of several of its ETH lending positions have dropped to the range of $1,576 to $1,682, mainly concentrated around $1,640. Current holdings: 463,000 ETH (approximately $998 million), with an average cost of $3,180 per ETH Loss: $647 million (realized loss of $173 million, unrealized loss of $474 million) Leverage borrowing: $625 million

According to Odaily, Alex Thorn, Head of Research at Galaxy Digital, stated that a recent sale of approximately $9 billion worth of bitcoin by a Galaxy client was not motivated by concerns over so-called "quantum computing risks." He pointed out that although Galaxy Digital founder and CEO Mike Novogratz had mentioned that some in the market view quantum computing as one of the explanations for bitcoin's price weakness, Novogratz himself does not agree with this view.