On August 8, the legal battle between the U.S. Securities and Exchange Commission (SEC) and Ripple Labs officially came to an end after four years. Both parties submitted a joint statement to the Second Circuit Court of Appeals on Thursday, announcing their voluntary withdrawal of the appeal against the first-instance judgment in July 2023.
It is reported that both parties will bear their own litigation costs and uphold the original ruling of the local court by Judge Analisa Torres, namely:
· The sale of XRP by Ripple to institutional investors constitutes a violation of securities laws.
· A fine of 125 million dollars
· Issue a permanent ban to prohibit future violations
Previously, in 2020, the SEC sued Ripple during the tenure of former chairman Jay Clayton (currently the U.S. Attorney for the Southern District of New York), accusing it of violating securities laws by selling XRP tokens.

The Perle project has completed a $9 million seed round financing, with a total financing of $17.5 million, aimed at optimizing the quality of AI training data through Blockchain technology and incentivizing users to provide high-quality feedback to enhance model performance.

[Chain News] On August 8, it was reported that the listed company Sharplink Gaming has increased its strategic ETH reserves by 10,975 ETH, valued at $42.79 million. Currently, the institution holds a total of 532,914 ETH, with a total value of $2.07 billion.