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An SEC official has stated that they received death threats over regulatory positions, highlighting the crypto community's opposition to regulators. Meanwhile, Bitcoin ETF inflows have reversed the market downturn, and the Ethereum ecosystem is facing challenges, with the Layer 2 sybil attack exacerbating the mainnet's predicament.
Ethereum’s transaction fee revenue has dramatically decreased, primarily due to a drop in Layer 2 activity and the NFT market slowdown. ETH’s price also follows a sharp downward trend, falling 58.8% from its all-time high.
Share link:In this post: Frank Founder Charlie Javice could receive a 30-year prison sentence for fraud. JPMorgan Chase claims Javice and Amar fabricated data to get them to close the deal. Javice’s legal team believes the bank was more interested in her expertise than Frank’s user data.
- 17:20U.S. Stocks Extend Gains, MSTR Gains to 8.63%The Dow extended its gains to 1%, the S&P 500 rose 1.8% and the Nasdaq gained more than 2.5%, according to ticker data. Crypto stocks extended gains, with MicroStrategy (MSTR) up 8.63% and CEX (COIN) up 4.89%.
- 17:13Today's U.S. Bitcoin Spot ETFs Net Outflows of 5,239 BTC, Ethereum Spot ETFs Net Outflows of 2,589 ETHOn 9 April, 10 U.S. Bitcoin ETFs netted outflows of 5,239 BTC today, and 9 Ethereum ETFs netted outflows of 2,589 ETH as of publication, according to Lookonchain monitoring.
- 17:12Ether briefly breaks above $1,500On 9 April, Ether briefly broke above $1,500 and is now trading at $1,483.20, narrowing its 24-hour loss to 3.10%, according to ticker data.