The Blockchain Association’s Summer Mersinger dismisses the harm to community banks in defending the stablecoin rewards language in the Clarity Act, says community banker Nate Franzén.

[Solana Double Burn Proposal Reaches Quorum, Could Reduce 18.9 Million SOL Issuance if Passed] According to SolanaFloor, the Solana double burn proposal reached quorum 27 hours before the voting deadline, with a current participation rate of 33.84%, of which 25% voted in favor. If the proposal is approved, Solana's burn rate will double to 30%, potentially reducing the issuance of approximately 18.9 million SOL over six years, equivalent to roughly $1.47 billion at current prices.

Federal Reserve's Gulsby stated that the biggest short-term concern at present is uncontrolled inflation. The current low hiring and low layoffs job market is unusual, and the three-month inflation data does not look bad.

Revolut launched the Euro stablecoin EURR on August 26th, targeting some customers in Denmark, Poland, and Portugal. EURR is issued by Bridge Building S.A. and anchored 1:1 with the Euro. Currently, there are 369 coins in circulation, and Revolut has over 80 million retail customers.

S&P predicts that by 2027, investment in artificial intelligence infrastructure will exceed $1.3 trillion.