Ripple is once again back in the limelight as its long-standing legal brawl with the United States Securities and Exchange Commission (SEC) nears its tail end. XRP’s monthly volatility meanwhile has dropped to its lowest level ever, transcending the zone that preceded the phenomenal 60,000% price rally which ended in early 2018.

Long-Awaited Ripple vs. SEC Verdict Looms: Is Another 60,000% XRP Price Moonshot On The Horizon?

Reuters

(Reuters) - Ripple Labs has been ordered by a Manhattan court judge to pay the U.S. Securities and Exchange Commission about $125 million in penalties over charges of improperly selling the cryptocurrency XRP, according to a court filing.

Ripple ordered to pay $125 million in penalty for improperly selling XRP tokens

A federal judge Wednesday ordered crypto firm Ripple to pay slightly more than $125 million in penalties for improperly selling its XRP token to institutional investors. The total was far below the nearly $2 billion the Securities and Exchange Commission sought, but also well above the $10 million ceiling Ripple argued for in an April court filing.

Ripple to pay $125M penalty in XRP case against SEC

Crypto trading platform Robinhood remains in talks with the US Securities and Exchange Commission (SEC), following a warning letter issued by the financial regulator in May. In an interview with Bloomberg Television, Chief Executive Officer Vlad Tenev revealed that the company has filed a response to the SEC’s Wells Notice regarding its cryptocurrency operations, hinting at possible regulatory enforcement action.

SEC Update: Robinhood CEO Discloses Firm’s Reaction To Wells Notice

Savannah, GA

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Daily Coffee Press

Newly returned indictments in the Southern District of Georgia include felony charges for illegal firearms possession and drug distribution, while additional defendants have been sentenced to federal prison or await further proceedings after pleading guilty to federal gun charges.

Federal Charges in Southern GA: Indictments and Sentences for Firearms and Drug Offenses

Missouri State

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Saint Louis, MO

CJ Coombs

Big Lots isn't any different from other retail stores that have had a decline in sales. The cost of groceries, alone, is enough to keep customers away who are watching their budgets.

These Big Lots locations will be closing in Missouri

Super Micro Computer reported fiscal fourth-quarter earnings that missed analysts' estimates and announced a 10-for-1 stock split. Revenue more than doubled year-over-year and came in slightly ahead of analysts' expectations, but the company's margins fell as costs rose, holding back profits. Super Micro Computer CEO Charles Liang said the company...

Super Micro Computer Misses Earnings Estimates, Announces 10-for-1 Stock Split

Florida State

Jacksonville Today

Gov. Ron DeSantis has issued a state of emergency in Northeast Florida and across much of the state as a tropical system appears almost certain to develop. The National Hurricane Center said Friday morning that a tropical wave has a 90% chance of developing into at least a tropical depression over the next seven days. Most models show it moving into the Gulf of Mexico and then coming ashore and crossing the state, possibly moving over Northeast Florida.

Tropical system is nearly certain to develop

Republican Donald Trump has a 7-point lead over Democrat Kamala Harris among Florida voters, 49% to 42%, according to a new poll from the University of North Florida. Four percent are backing another candidate, and 6% are undecided or didn’t answer.

New Florida poll: Trump leads; support strong for abortion and recreational weed

The states with the lowest 30-year new purchase mortgage rates Wednesday were Alaska, New York, Florida, Texas, California, Alabama, Hawaii, and Louisiana. Meanwhile, the states with Wednesday's most expensive rates were Washington, D.C., Vermont, Iowa, Indiana, South Carolina, South Dakota, and West Virginia. Mortgage rates vary by the state where...

Today's Mortgage Rates by State – Aug. 8, 2024

Georgia State

Tallahassee, FL

The FBI is investigating the disappearance of a now 13-year-old girl who went missing from Florida last year and has ties to Georgia and Tennessee. A $15,000 reward is being offered to anyone with information that can lead to her location.

FBI Investigating Disappearance of 12-Year-Old Girl Who Has Ties to Georgia

Chicago, IL

Foodie in Chicago

Shortly before 3 AM, people in the Chicago area may have felt their houses shake as a 3.4-magnitude earthquake occurred about 60 miles west of the city. (CHICAGO) The United States Geological Survey (USGS) reported a 3.4-magnitude earthquake around Somonauk, IL. Somonauk is in DeKalb and LaSalle Counties, 64 miles west of Chicago.

Did You Feel the Earthquake?

Kansas State

National Center for Missing and Exploited Children (NCMEC) helps to locate missing children. Since July 1, 2024, according to the National Center for Missing and Exploited Children (NCMEC), 174 children have been reported missing in the U.S. Since January 1, 2024, there was a total of 1,445 reported missing in the country.

Missing Missouri children as of July 17, 2024, according to the NCMEC

Taiwan Semiconductor Manufacturing Co., the world's largest contract chipmaker, said July revenue surged 45% year-over-year. Sales for the month reached 256.95 billion New Taiwanese dollars ($7.93 billion), while revenue between January and July soared 30.5%. The buoyant sales at TSMC, which supplies chips to Nvidia and Apple, shows demand for...

TSMC July Sales Jump 45%, Buoyed by Strong AI Chip Demand

South Carolina State

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Colleton County, SC

Explore Beaufort SC

Some beachgoers were in for a surprise this week when a bizarre looking prehistoric fish washed ashore in Colleton County along Edisto Beach at Edisto Beach State Park. It turned out to be an atlantic sturgeon.

Rare Atlantic sturgeon washes ashore on South Carolina beach

Tennessee State

John M. Dabbs

NASHVILLE, Tenn. — The Tennessee Department of Health (TDH) has issued a health alert to clinicians statewide following reports of severe acute illnesses and adverse effects of consuming Diamond Shruumz™ brand chocolate bars, cones, and gummies. The warning comes after the Centers for Disease Control and Prevention (CDC) and the Food and Drug Administration (FDA) received reports of serious health issues linked to these mushroom-containing edible products.

Tennessee Health Alert: Severe Illnesses Linked to Diamond Shruumz™ Products

Many financial experts say that households should have an emergency fund worth six months of expenses in a cash account, which would require $33,110.68 on average, according to an analysis by Investopedia. Data from the Federal Reserve shows that 73% of households that have checking and/or savings accounts don't have...

Your Household Should Have at Least $33,000 in an Emergency Fund

Refinancing applications surged last week as homeowners pursued lower borrowing costs amid a decline in interest rates. Refinancing activity rose 16% from the week prior and comprised a greater share of total mortgage applications, which increased 6.9%, the Mortgage Bankers Association said Wednesday. Refinancing activity last week was nearly 60%...

Homeowners Rush To Refinance As Mortgage Rates Drop

Colorado State

David Heitz

A bill quietly introduced this spring in the Colorado legislature to decriminalize the possession of drug paraphernalia obtained by harm reductionists has become law. As low-key as the legislation was introduced, the bill was signed into law without fanfare June 6. It garnered little to no media attention.

Colorado legalizes needles, pipes for meth and crack if obtained by harm reduction group

Major U.S. stock indexes surged in afternoon trading Friday, as a volatile week of equities trading gets set to draw to a close. The Dow Jones Industrial Average was up 0.4% recent trading, while the Nasdaq Composite and S&P 500 were both up 0.7%. All three indexes closed sharply higher on Thursday, with the S&P 500 and Nasdaq recording their biggest one-day point gains since 2022, as the economic concerns that had roiled the market for the past week subsided after a benign weekly jobless claims report.

Dow Jones Today: Stocks Move Higher; S&P 500, Nasdaq Back in the Green for the Week

NewsBreak

What's Next in the Ripple-SEC Lawsuit?

Ripple Labs has been ordered to pay a $125 million fine to the Securities and Exchange Commission (SEC), a fraction of the nearly $2 billion penalty...

What's Next in the Ripple-SEC Lawsuit?

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