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Kraken and Galaxy flipped late as Solana approved a major supply cut
Solana approved a major supply cut after Kraken and Galaxy shifted late in the vote. Abstentions reduced the public margin, while on-chain finalization remained pending at the latest check, CryptoSlate reported.
CryptoSlate
Appeals Court Ruling Strengthens State Authority Over Kalshi Event Contracts
A U.S. appeals court ruling confirmed state powers over prediction markets, dealing Kalshi a legal setback and widening a split among federal courts. The dispute may eventually reach the U.S. Supreme Court.
CoinDesk
Solana Vote Approves Lower SOL Issuance After Narrow Disinflation Decision
Solana’s “Double Disinflation” proposal passed by a razor-thin margin, reducing future SOL issuance. Kraken nearly blocked the measure, while a separate proposal to burn fees failed, according to Decrypt.
Decrypt
Fed Chair Warsh Calls AI a 'Hinge Point in History'—4 Key Things He Said
Fed Chair Warsh devoted part of his Jackson Hole speech to AI, calling it a “hinge point in history.” Decrypt identified four key takeaways, while no direct link to AKE was provided.
Decrypt
Solana Disinflation Vote Narrowly Passes After Last-Minute Validator Switches
Solana’s first network-wide vote narrowly approved a proposal to double disinflation after Kraken- and Galaxy-linked validators switched sides near the finish. The decision is directly relevant to SOL’s token-supply framework.
CoinDesk
Bitcoin slips to $78.4K as Kevin Warsh remains cautious on inflation
Bitcoin fell to $78,400 after failing to break decisively above $80,000. Traders assessed Fed Chair Kevin Warsh’s Jackson Hole speech, which remained cautious about US inflation despite softer recent readings.
Cointelegraph
SBI to Buy 20% of Indonesia’s Ajaib for $270 Million
SBI is buying a 20% stake in Indonesian online brokerage Ajaib for $270 million. The Japanese financial group plans to use the investment to expand a yen stablecoin and build a blockchain-based cross-border settlement network in Southeast Asia.
CoinDesk
Circle’s USDC Becomes Chelsea’s New Premier League Jersey Sponsor
Circle’s USDC will take over Chelsea’s jersey in its first Premier League sponsorship deal. Financial terms were not disclosed, although earlier reports said the club was seeking £65 million annually for the shirt sponsorship.
CoinDesk
Abu Dhabi Royal Reportedly Supports 49% Stake in Trump-Linked Crypto Bank Venture
A Sheikh Tahnoon-linked group is reportedly backing a 49% stake in the holding company behind World Liberty’s conditionally approved US trust bank, The Wall Street Journal reported, linking Abu Dhabi capital to the Trump-associated crypto venture.
Cointelegraph
Ledger Says Ethereum App Vulnerability Was Fixed Before OneKey Demonstration
OneKey demonstrated that an outdated Ethereum app could make a Ledger device sign a transaction different from the one shown. Ledger said the vulnerability had been patched before any exploit and denied that its wallets were hacked.
Decrypt
Reported Hugging Face Deal Could Give Nvidia Greater Control of Open-Source AI
Decrypt reports that Nvidia’s potential acquisition of Hugging Face could concentrate more of the open-source AI pipeline—from chips to model distribution—within one company, with possible implications for developers and users.
Decrypt
GTA 6 Leak-Linked Memecoin Creator Sells Holdings Before Gameplay Reveal
A memecoin creator linked to nine days of unreleased GTA 6 footage sold his holdings hours before Rockstar’s first official gameplay reveal. The token had reached a $25 million market capitalization.
CoinDesk
CZ Says Bitcoin Could Surpass Gold in the Next Bull Run
Binance founder Changpeng Zhao said Bitcoin could overtake gold in the next bull run, while noting that gold is currently worth about 10 times more. He also described any national shift toward Bitcoin as a years-long process.
Decrypt
Bithumb wins two lawsuits over Bitcoin credited in $40B error
Bithumb reportedly won two first-instance lawsuits seeking proceeds from users who sold Bitcoin credited during a $40 billion exchange error. The cases concern recovery of funds from the mistaken BTC credits.
Cointelegraph