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Stay up-to-date on the most trending topics in crypto with our professional and in-depth news.

Empire Newsletter: FTX bankruptcy almost across the finish line
Empire Newsletter: FTX bankruptcy almost across the finish line

Some creditors could see up to 142% of their claims paid back

Blockworks·2024/05/08 21:32
SEC argues $2 billion penalty against Ripple is needed, slams $10 million counterproposal
SEC argues $2 billion penalty against Ripple is needed, slams $10 million counterproposal

The SEC has said that Ripple should pay close to $2 billion in fines for selling XRP to institutional investors. Ripple has argued that that figure should be closer to $10 million.

The Block·2024/05/08 19:19
Ethereum's Dencun upgrade is making ETH inflationary again: CryptoQuant
Ethereum's Dencun upgrade is making ETH inflationary again: CryptoQuant

The new supply of ether is growing at its fastest daily rate since the Merge, as the amount of fees burned has plummeted following the Dencun upgrade, analysts said.

The Block·2024/05/08 19:16
Is it Time to Buy Solana (SOL) Following the Recent Correction? This Trader Chips In
Is it Time to Buy Solana (SOL) Following the Recent Correction? This Trader Chips In

Various crypto analysts predict that SOL is on the verge of a massive bull run: check out which ones.

Cryptopotato·2024/05/08 17:22
Ethereum (ETH) Capital Inflows Pales in Comparison to Bitcoin (BTC)
Ethereum (ETH) Capital Inflows Pales in Comparison to Bitcoin (BTC)

Ethereum’s capital inflows have failed to match the surge seen in bitcoin, highlighting a divergence in investor interest.

Cryptopotato·2024/05/08 15:37
zkSync 'hyperchain' Sophon raises $60 million via node sale
zkSync 'hyperchain' Sophon raises $60 million via node sale

Sophon, a zkSync ‘hyperchain,’ has raised $60 million via a node sale. Investors included Maven 11, Paper Ventures, Spartan Group and SevenX Ventures.

The Block·2024/05/08 14:04
Flash
  • 13:48
    A certain smart investor has liquidated 4192 ETH that were bought in September last year half an hour ago, making a profit of 3.02 million USD
    According to on-chain analyst @ai_9684xtpa, a smart money investor liquidated 4192 ETH that were bought last September half an hour ago, making a profit of 3.02 million USD. Over the past three days, he has sold this batch of ETH through two addresses at an average price of 3210 USD with a buying cost of 2490 USD, yielding a return rate of 28.9%.
  • 13:47
    U.S. retail sales steadily increased in December
    Retail sales in the United States grew steadily in December, showing strong economic demand and further reinforcing the Federal Reserve's cautious attitude towards interest rate cuts this year. Data released on Thursday showed that retail sales increased by 0.4% last month, while after revision, November's retail sales growth was 0.8%. Economists surveyed had previously predicted a 0.6% increase in retail sales for December. Before the report was released, non-farm employment surged last week, with the unemployment rate dropping from 4.2% in November to 4.1%. In addition, although potential inflation slowed down in December, the overall consumer price index hit its biggest increase in nine months. Currently, labor market resilience is driving spending through steady wage growth. Household balance sheets are also healthy but low-income consumers are struggling.
  • 13:42
    Bitget Wallet Lite integrates TON Connect to enhance TON ecosystem DApp and trading functions
    Bitget Wallet Lite announces full support for TON Connect, an integration that allows TON ecosystem projects to directly connect with the wallet, reducing connection costs and improving development efficiency. It also optimizes user experience in connecting decentralized applications (DApps) within the TON ecosystem on Telegram. As a bridge connecting the TON blockchain ecosystem and over 1 billion Telegram users, Bitget Wallet Lite provides transaction functions through integrating with TON Connect and offers solutions for developers.The lightweight wallet Bitget Wallet Lite supports mainstream public chains. Users can create wallets, manage assets, trade and purchase cryptocurrencies without downloading an app. It offers multi-language support, multiple currency types across devices as well as multiple encryption mechanisms to ensure asset security. Since its launch two months ago it has attracted over 10 million users.
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