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Share link:In this post: SEC has waived the “bad actor” designation for Ripple after the settlement of their 5-year dispute. The waiver means Ripple can now return to raising capital in the private markets. XRP has seen substantial gains, but analysts say there is more to come.
Share link:In this post: Microsoft has announced that it will discontinue its Lens application in the coming weeks. The company has released the timeline for the removal of the application from the iOS and Android app stores. Microsoft has urged users to switch to the Copilot artificial intelligence application.
Share link:In this post: A Colorado man has pleaded guilty to operating a multi-million-dollar fraudulent investment scheme. The suspect, Timothy McPhee, is also being charged with tax evasion and conspiracy to defraud the United States. McPhee is expected to be sentenced on October 23, facing up to 30 years in prison for his crimes.
Share link:In this post: Ethiopian Electric Power has announced plans to shut down all crypto mining operations in the country. According to the EEP, no new contracts will be taken, and all existing ones will be reconsidered. EEP wants to focus electricity on domestic consumers and strategic industries.
Quick Take Bitcoin rose above $121,000 while ether reached $4,300 late night Sunday, following Trump’s executive order on allowing 401(k) accounts to invest in crypto. Spot ETF flows and corporate crypto treasuries remain key drivers of the current market cycle, analysts said.
The DeFi TVL patterns are similar to the 2021 altseason, which sent Ethereum to its record high.
Ethereum price surged 6.5% to $4,330 on August 10 as Fundamental Global unveiled a $5B ETH treasury accumulation plan.
- 12:16SharpLink: Raised $76.5 million to increase ETH holdingsAccording to ChainCatcher, SharpLink announced that it has successfully raised $76.5 million by issuing shares at $17 per share (a 12% premium over the market price). In addition, through an innovative 90-day premium purchase contract (at $17.5 per share, a 19% premium over the market price), it is expected to raise approximately $79 million more. The $76.5 million raised will be used to increase holdings of ETH, continuing SBET's growth momentum and ETH accumulation strategy.
- 12:16Fed's Barkin: No Change in U.S. Corporate Hiring or LayoffsAccording to Golden Ten Data, ChainCatcher reported that Federal Reserve's Barkin stated that American companies are neither hiring nor laying off employees, and there has been a significant shift in the job market. Executives have noticed that there are a large number of applicants for each position.
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