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In brief Solana closed its first binding on-chain governance vote, passing SGP-0002 to double the network’s disinflation rate from 15% to 30%, hitting the 1.5% issuance floor by 2029 instead of 2032. The vote came down to the wire, passing 67.0% to 66.67% required, after Kraken opposed it through the count before flipping at the last minute. Validators also ratified SGP-0001, the Solana Constitution, with 86% support, but rejected SGP-0003, a “Resource and Inclusion Fee” that would have burned up to 14x more SOL daily. The Solana network will soon print a lot less SOL on a yearly basis, as…
Central banks around the world are snapping up record volumes of gold amid the price volatility experienced by the yellow metal over the past couple of months. The World Gold Council says net purchases reached 289 tonnes in the second quarter of this year, a figure whose monetary value is currently equivalent to approximately $47.38 billion. Poland led buyers with 51 tonnes while China added 33 tonnes in the second quarter. Gold purchases during the first half of this year totaled 345 tonnes, with nearly all the increase occurring in the second quarter. The buying took place while gold prices…
In brief Fed Chair Kevin Warsh delivered his first Jackson Hole keynote on his 100th day in the job, formally declaring that forward guidance—verbal hints about future rate moves—has “overstayed its welcome.” Warsh footnoted his own 2022 essay on cryptocurrency and the dollar while arguing that “money” deserves closer Fed attention. The Fed’s preferred inflation gauge sits at 3.7% annually, nearly double its 2% target. Kevin Warsh marked his 100th day as Federal Reserve chair on Friday by doing what he’s made a habit of since taking the job: refusing to tell markets what comes next.The crypto market reacted in…
Bitcoin dropped, then popped after Federal Reserve Chair Kevin Warsh gave his first major speech as head of the U.S. central bank and said he had “more work to do” to fight inflation. The leading cryptocurrency was recently trading for $79,474 after dropping as low as $78,630 before quickly rising again. Bitcoin has typically done well in a low interest rate environment but the Federal Reserve has been reluctant to lower borrowing costs due to sticky inflation in the world’s biggest economy. “But on the price-stability side of our mandate, the numbers are more concerning,” Warsh said after talking about…
A Dallas loan broker, Kwanghee Ahn, is facing years in prison over her role in a multi-year fraudulent scheme that secured more than $10 million in loans and credit from multiple banks located in North Texas. The scheme involved fake Internal Revenue Service (IRS) tax filing documents, pay stubs and employment records created at Preferred Marketing Group by Ahn’s co-conspirators and resulted in at least $10 million in fraudulently obtained loans and credit products between 2014 and 2016, according to a U.S. Attorney’s Office for the Northern District of Texas filing. The U.S. Attorney for the Northern District of Texas,…
The iShares Bitcoin Trust ETF (IBIT) closed at $44.46 on Aug. 26, about 30.2% below the $63.69 price needed to trigger an early exit from a $21.374 million JPMorgan structured note.The securities are bank debt linked to IBIT, not shares in the exchange-traded fund. Under the note’s final terms, JPMorgan Chase Financial Company LLC would automatically call them only if IBIT closed at or above its starting price on that date. BlackRock’s fund page reported a $44.46 close, leaving the condition unmet on the published, unadjusted figures.No standalone issuer or calculation-agent notice in the public record confirmed the final treatment…
In brief U.S. spot Ethereum ETFs saw net inflows of $225.8 million on Thursday, their biggest single day since October 28, 2025. The funds have now logged nine consecutive sessions of net inflows since August 17, worth $1.42 billion. BlackRock’s ETHA accounted for $1.02 billion of that, buying on every one of the nine days. U.S. spot Ethereum ETFs recorded their strongest day in 10 months on Thursday, taking in $225.8 million and extending a buying run that has now lasted nine consecutive sessions.The last day of net outflows was August 11, Farside Investors data shows, with August 14 the…
Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt.GM!Today’s top news: Crypto majors are slightly green ahead of Jackson Hole, SOL leads; BTC at $79.6k ETH ETFs see $225M in inflows, nearly even with BTC’s $242M Hyperliquid hits a new ATH over $86 before retracing Pump.fun hits 2nd highest day of revenue since Jan 2025 New Solana meme $fone runs to $35M in its debut 🗳️ Solana Has Its Best Month Ahead of Major Inflation ChangeSOL is having the kind of month that makes…
In brief Judge Rita Lin granted Anthropic summary judgment on its First Amendment, due process and Administrative Procedure Act claims in a 59-page order. The government conceded Anthropic has no backdoor access to deployed models and is no riskier than any other AI system. Anthropic lost on one count, its claim that Trump’s directive to federal agencies exceeded presidential power. A federal judge has ruled that the Trump administration illegally punished Anthropic for publicly refusing to let the military use its Claude LLM for tasks including mass surveillance of Americans and lethal autonomous warfare.The dispute began when the Pentagon told…
A historic Philadelphia savings institution is closing after regulators stepped in to safeguard its customers. The Federal Deposit Insurance Corp. (FDIC) says it was appointed receiver when the Pennsylvania Department of Banking and Securities closed Tioga-Franklin Savings Bank on August 21, 2026. The single-branch bank held $68 million in assets and $67 million in deposits as of June 30. Second Federal Savings and Loan Association of Philadelphia assumed all deposits and substantially all assets. The branch reopened August 24 as a Second Federal location, and all deposits remain fully FDIC-insured. The FDIC estimates the failure will cost the Deposit Insurance…
In brief ChatGPT Work’s browser on web and mobile can now complete tasks on sites that require you to sign in. You enter credentials once; the agent can keep working and the session may stay signed in for later tasks. OpenAI says the model can’t see your username or password, and they aren’t stored or used for training. OpenAI added an agentic browser capability in its August 25 release notes, letting ChatGPT Work take over a task on a login-gated site and keep working while you step away.You ask it to do something on a site that needs a login.…