Acurast will launch its token sale on CoinList on May 16 at 1:00 AM UTC.
On May 9th, as per an announcement from CoinList, the decentralized computing network Acurast is set to commence its token sale on CoinList on May 16th at 1:00 AM (in Beijing time), with 100% of the tokens becoming unlocked. Acurast employs smartphones to construct a decentralized computing platform, and there are already over 65,000 devices on board. The total sale volume is 60 million ACU tokens, priced at $0.09 per token, resulting in a valuation of $90 million. It adopts a "bottom-up" distribution mechanism, giving precedence to small buyers. This sale is not accessible to specific regions such as the United States and Canada.
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Bitcoin Mining Firm MARA and CleanSpark See Revenue Growth in Q1, But Both Report Losses
On Thursday, according to a statement, both Bitcoin miners MARA and CleanSpark witnessed revenue growth in the first quarter of this year. MARA's revenue increased by 30% from $165 million in the previous year to $214 million. CleanSpark's quarterly revenue as of March rose from $112 million in the same period of 2024 to $182 million. Although there was revenue growth, both companies still suffered net losses. MARA lost $533 million and CleanSpark lost $139 million.
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Trump's Plan to Strongly Advocate for a 39.6% Wealth Tax Faces Opposition Within the Republican Party
May 9th. As per the information available, President Trump of the US is striving to increase the tax rate for some of the wealthiest Americans in order to offset other tax cuts within his notable economic plan. The US Commerce Secretary Lutnick expressed that he "is in favor of" this action.
Trump's proposal suggests establishing a new 39.6% tax bracket for those with an individual annual income of at least $2.5 million or couples with an income of $5 million. If this is approved by Congress, it will bring the highest tax rate back to the level prior to Trump's 2017 tax cut policy. Currently, the top individual tax rate is 37%.
According to Bloomberg, Trump made this request during a call to House Speaker Johnson on Wednesday, emphasizing his desire to eliminate the carried interest tax break that venture capital and private equity fund managers enjoy.
However, a large number of Republican lawmakers are opposed to raising the top tax rate, and Trump requires the support of almost al
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Ripple Reaches Settlement with SEC, Proposing $50 Million Resolution Deal
On May 9th, as per court documents, Ripple has reached a settlement accord with the U.S. Securities and Exchange Commission (SEC). The intention is to lift the ban imposed on Ripple in a court ruling set for August 2024. Ripple is only required to pay $50 million of the $125 million civil fine to the SEC, while the remaining $75 million will be returned to Ripple.
Both parties have reached an agreement not to appeal the decision or seek to overturn the previous ruling. This case, which has been ongoing since 2020, pertains to the sale of XRP as a security. SEC Commissioner Caroline Crenshaw publicly expressed opposition to the agreement, stating that it undermines regulatory authority, disrupts court rulings, and widens regulatory gaps. It should be noted that the agreement still requires a "declaratory judgment" from the court and approval from the appellate court before it can come into effect.
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An address newly created withdrew 62,000 SOL from Kraken and staked it.
On May 9th, as per the monitoring of On Chainlens, a newly established wallet address withdrew 62,001 SOL from Kraken. The amount withdrawn was worth $9.96 million and was then staked.
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