ArkotNews

Liquid staking tokens also rise on Wednesday. Bitcoin holds steady above $28,000.

ALSO: Ether falls but still outperforms bitcoin for another day as investors look with hope at the Shanghai upgrade.

Fresh economic data Thursday morning suggested slowing in both inflation and the employment picture.

Jobless claims beat expectations by an even wider margin than in the initial report, after a revision Thursday. Crypto investors largely ignored the change, although the increasing jobless figures bode well for the market.

South Korea has requested the extradition of the Terraform Labs CEO after his recent arrest in Montenegro.

An industry report is expected to outline best practices in areas including due diligence and risk management.

The request comes after an investor failed to maintain payments to the exchange.

“We believe it is time to take this model to the next level and supercharge CAKE towards a deflationary model based on real yield and CAKE burn,” a blog post said.

The v2 upgrade will include a new concentrated liquidity automated market maker aimed at making trading for the Camelot ecosystem more efficient.

ALSO: Former CoinDesk head of research Noelle Acheson writes that longer-term narratives such as bitcoin's recent store-of-value story matter but that price depends more on fleeting, often fickle sentiment.