SEC Appeals Ripple Labs Case, y00ts Migrates to Ethereum
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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