🗞 Catch up on the news over the last 24 hours! 🔥 US spot #Ethereu ETFs saw over $1 billion inflows on Aug. 11, marking its largest daily net inflows since launch. 🚨Stripe is developing a blockchain called "Tempo" in partnership with crypto VC Paradigm, described as high-performance, payments-focused blockchain, per Fortune. 🔥 Circle unveils Arc, a USDC-native Layer 1. 🔥 The SEC has issued a Litigation Release announcing the resolution of its case against Ripple. ⚡U.S. CPI comes in at 2.7% YoY, Core CPI at 3.1% 🔥 BitMine Immersion Technologies files for common stock offering of up to $20B. 🚨 Terraform Labs co-founder Do Kwon has pleaded guilty to two counts of wire fraud and conspiracy to defraud in the U.S., facing up to 25 years in prison. 🔥 A mysterious entity has created 10 wallets in the past 8 days, accumulating 312,052 ETH ($1.34B) from FalconX, Galaxy Digital, and BitGo. 🇧🇾 Belarus President has asked how the country can use cryptocurrency, “especially now, to facilitate payments,” calling it important for himself and the nation. 🔥 #Coinbase launches Stablecoin Bootstrap Fund to boost liquidity in #DeFi markets. 🇺🇸 Bessent said the Federal Reserve should consider a 50 basis point interest rate cut in September. 🇨🇳 China urges local firms to avoid Nvidia’s H20 chips for government work, pushing domestic semiconductor adoption despite U.S. resuming sales. ⚡Paradigm co-founder Matt Huang will lead Stripes #blockchain "Tempo" as CEO while remaining at the crypto VC firm, per Fortune. 🇺🇸 President Trumps crypto ventures have yielded $2.4B since 2022. 🇺🇸 SEC Commissioner Pierce says the SEC is not waiting for the legislation to work. ETH