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Sony Rejects $508 Million Tariff Refund Claim From PS5 Buyers
Sony has rejected a $508 million tariff refund claim from PS5 buyers as “illogical,” Decrypt reports. The dispute follows a second PlayStation price increase in March, five weeks after the tariffs were struck down.
Decrypt
New Jersey asks Supreme Court to review state authority over prediction markets
New Jersey has asked the U.S. Supreme Court to resolve conflicting appeals-court rulings on whether states can restrict prediction markets’ sports products. It is the first state to seek the court’s review of the issue.
CoinDesk
Layer-1 Network Plans 24-Minute Transaction Pause for Supernova Upgrade
CryptoSlate reports that a layer-1 network will activate its Supernova upgrade on Sept. 10 at round 32157661, requiring a 24-minute transaction pause and targeting a 10x speed increase. Public nodes had not yet shown adoption.
CryptoSlate
Robinhood Chain Revenue Record Sends Arbitrum Token 30% Higher
Robinhood Chain recorded $1.9 million in revenue over 24 hours, a record that coincided with a 30% rally in Arbitrum’s ARB token as traders chased downstream gains, according to CoinDesk.
CoinDesk
Bitmine reaches 4.9% of Ethereum supply after adding 53.5K ETH
Bitmine now controls 4.9% of Ethereum’s supply after adding 53,500 ETH, Cointelegraph reported. The purchase marks 65 consecutive weeks of accumulation despite a prolonged crypto downturn and $5.1 billion in paper losses.
Cointelegraph
Kalshi Permanently Bans Former Congressman George Santos
Kalshi has permanently banned former congressman George Santos for manipulation, CoinDesk reports. It is the prediction-market platform’s first lifetime ban for a former member of Congress as the industry seeks to address misconduct.
CoinDesk
Bitcoin Cools After ETF-Fueled $3 Billion Surge
Bitcoin’s rally slowed Friday after the Federal Reserve chief said inflation was too high. Bitcoin Magazine linked the earlier advance to roughly $3 billion in speculative flows into exchange-traded investment vehicles tied to the cryptocurrency.
Bitcoin Magazine
Bitcoin slips below $77,000 as rate concerns trigger $488 million crypto liquidation
Bitcoin dropped below $77,000 after Fed Chair Kevin Warsh renewed higher-rate concerns at Jackson Hole. The move helped drive a $488 million crypto liquidation cascade, with Bitcoin down about 4% over 24 hours.
CryptoSlate
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
Bitcoin Traders Get No Rate Signals From Fed Chair Warsh
Fed Chair Warsh’s first Jackson Hole keynote gave Bitcoin traders no indication of the Fed’s September rate decision. With inflation still running hot, markets remain without clear guidance on near-term monetary policy.
Decrypt
240 Crypto Millionaires Accounted for More Than Half of UK Taxable Crypto Gains
HMRC’s first breakdown shows 17,600 UK taxpayers declared £1.38 billion in crypto gains. Just 240 crypto millionaires accounted for more than half, with most filers under 55 and 87% men.
Decrypt
Visa Expands South Korea Stablecoin Push Through Upbit Operator Dunamu
Visa is expanding its South Korean stablecoin payments strategy through Dunamu, operator of the country’s largest exchange, Upbit. CoinDesk says the move follows a separate agreement with Shinhan Financial.
CoinDesk
