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Ripple and the SEC have officially ended their legal fight by dismissing all appeals. XRP surged 5% as traders welcomed the final resolution.
Share link:In this post: Ethereum drainers impersonating trading bots have reportedly stolen over $900,000 from crypto users. Malicious smart contracts use obfuscation techniques to hide attacker wallet addresses. Scammers are using aged YouTube accounts and AI-generated videos for legitimacy.
Share link:In this post: Amazon gave the Trump administration a $1 billion credit deal to support cloud and AI use across federal agencies. The agreement runs through 2028 and is part of Trump’s OneGov plan to centralize tech spending. Agencies will work directly with Amazon Web Services, cutting out resellers to save costs.
Share link:In this post: OPEC+ promised to boost oil production by 2.5 million bpd by September, but is falling short. Saudi Arabia is doing most of the work, while others are either maxed out or restricted. Strong demand from China and the Middle East is keeping oil prices high.
- 19:32Trump's team strengthens securityAccording to Jinse Finance, citing a report by The Wall Street Journal on September 11 local time, after the shooting incident involving Charlie Kirk, a political ally of U.S. President Trump, Trump's team has strengthened his security measures. In addition, according to Fox News, the shooting and death of Kirk has put the U.S. Secret Service "on high alert, facing unprecedented threats." The report, quoting former Secret Service agents, stated that the Secret Service may also consider strengthening security measures for members of the Trump family.
- 19:18Renowned analyst Yardeni raises US stock market target, says S&P Index could rise to 7,000 points this yearJinse Finance reported that Wall Street veteran strategist Ed Yardeni has raised his year-end baseline target for the S&P 500 index from the previous 6,600 points to 6,800 points. He also believes there is a 25% chance that this benchmark index of the US stock market could experience a "melt-up" to 7,000 points within the period. The new target implies a further 4.1% increase from Wednesday's closing level of 6,532 points. Yardeni attributes the new target to stable inflation data and expectations of a Federal Reserve rate cut next week.
- 19:18US media: Besant to meet with three Federal Reserve chair candidates this week, selection process ongoingAccording to a report by Jinse Finance citing CNBC and sources from the U.S. Treasury Department, Treasury Secretary Bessent met with Walsh, Lindsay, and Bullard this week, and the selection process for the next Federal Reserve Chair is still ongoing. Bessent is waiting for the Federal Reserve's blackout period to end before speaking with current Fed officials. Bessent favors a long-term reduction of the balance sheet.