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The global crypto market cap fell about 5% to roughly $2.62 trillion as hawkish remarks from Fed Chair Kevin Warsh at Jackson Hole triggered a broader market pullback.
Market Performance & Macro TrendsBitcoin (BTC): Slid below $78,000 after touching a three-month high near $81,450.Ethereum (ETH): Hovering around $2,429 amid broader market consolidation.Macro Pressure: Fed Chair Warsh's warning that central banks still have "work to do" on inflation cooled risk-on momentumMajor Ecosystem NewsSolana Disinflation: SOL validators narrowly passed a landmark governance proposal to double disinflation and reduce token issuance.BitGo Expansion: BitGo agreed to acquire NYDIG's institutional trading arm for $42.5M in cash/stock plus a $15M earnout.Circle Sponsorship: Circle struck a front-of-shirt Premier League sponsorship deal with Chelsea featuring USDC
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