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Ripple and SEC Officially Dismiss Appeals in the XRP Lawsuit
Ripple and SEC Officially Dismiss Appeals in the XRP Lawsuit

Ripple and the SEC have officially ended their legal fight by dismissing all appeals. XRP surged 5% as traders welcomed the final resolution.

BeInCrypto·2025/08/07 14:34
Ethereum draining malware disguised as trading bots exposed
Ethereum draining malware disguised as trading bots exposed

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.

Cryptopolitan·2025/08/07 14:15
Jeff Bezos’ Amazon strikes $1 billion cloud deal with Trump administration
Jeff Bezos’ Amazon strikes $1 billion cloud deal with Trump administration

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.

Cryptopolitan·2025/08/07 14:15
Oil stays undersupplied as OPEC+ struggles to meet new output targets
Oil stays undersupplied as OPEC+ struggles to meet new output targets

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.

Cryptopolitan·2025/08/07 14:15
Flash
06:20
Nintendo plans to assemble about 20 million units of Switch 2, exceeding sales forecasts by 20%
Gelonghui, May 22 — According to Bloomberg, citing sources familiar with the matter, Nintendo has requested suppliers and manufacturing partners to assemble approximately 20 million Switch 2 consoles during the fiscal year ending next March, about 20% higher than its publicly stated sales forecast. At the beginning of this month, Nintendo expected that the sales target for Switch 2 in this fiscal year would be 16.5 million units. The latest production target may still be adjusted according to market demand, but this move shows Nintendo’s strong confidence in its upcoming game lineup as well as the continued momentum of Switch 2.
06:19
UK's April budget deficit hits highest level for the same period since the pandemic
Golden Ten Data reported on May 22 that, due to the Iran war and domestic political instability putting pressure on public finances, UK government borrowing has reached the highest level for the same period in six years. Data shows that in April (the first month of the new fiscal year), UK public sector net borrowing was £24.3 billion (equivalent to $32.6 billion), exceeding the Office for Budget Responsibility's March forecast of £20.9 billion and up £4.9 billion year-on-year. Chancellor Reeves is under pressure: the impact of the energy shock has yet to be fully realized, and internal struggles within the Labour Party are increasing the potential risks. The war has forced her to support families and businesses affected by soaring fuel costs, while high inflation and rising government bond yields will push up the annual debt servicing cost, already around £110 billion. Meanwhile, a sluggish economy is dragging down tax revenues, and forecasting agencies have lowered expectations for UK economic growth in 2026. After Labour's crushing defeat in local elections, Prime Minister Starmer’s position is now under challenge, and the policy outlook remains uncertain. Investors worry that a new prime minister could be more left-leaning, leading to fiscal loosening and an increase in government bond issuance.
06:14
Indonesia Exempts Nickel Pig Iron and Some Refined Palm Oil from Centralized Export Controls
Golden Ten Data Futures, May 22 – According to foreign media reports, a senior government minister stated that Indonesia will exempt nickel pig iron and certain refined palm oil products from the upcoming centralized export controls on bulk commodities.
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