SEC Appeals Ripple Labs Case, y00ts Migrates to Ethereum

Aug 11, 2023

Inflation ticked up in July but modest price increases likely deter Fed from raising rates in September. CPI rose 3.2% YoY (vs. 3% in June), while core CPI rose by 4.7% (vs. 4.8% in June). Monthly figures painted a rosier picture, with both core CPI and CPI rising a mild 0.2% in both months. Markets reacted positively on the news at open, with ^SPX 0.74%  and QQQ 0.50%  both opening higher before retracing to +0.3% from yesterday’s close. Digital asset markets are down slightly on the day, with BTC (-0.6%) retracing since poking above $30k yesterday and ETH declining by 0.3% to $1,850. In the past day, RPL appreciated by 7.5% in the top 100. The decentralized Ethereum staking protocol secured a strategic investment from Coinbase Ventures and currently operates over 3.1k nodes with more than 780k ETH staked.

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