Latest Crypto News And Market Updates – August 19

1. Politics And Geopolitics

Former President Donald Trump met with Ukraine’s President Zelensky and EU leaders in preparation for a potential US–Russia–Ukraine summit. The crypto market reacted with a slight rebound but remained weak overall. US stocks traded sideways, while crypto-related equities moved mixed.

2. The ETH Reserve Race

BMNR currently holds 1.26% of the circulating ETH supply. Across 69 institutions, this figure reaches 3.38%. Crypto ETFs collectively own about 5.42% of total ETH supply, showing growing institutional concentration.

3. Binance Listings No Longer Guarantee A “Pump”?

RWA token PLUME debuted on Binance spot trading at $0.092, with market cap quickly hitting around $920 million. However, gains were erased shortly after, suggesting that listings no longer automatically trigger big price rallies.

4. Solana Memecoins Making A Comeback?

Token LIGHT hit an all-time high market cap of $100 million. Despite the emergence of several new Solana-based memecoins such as “Golden Dog,” overall hype in the sector remains subdued.

5. BONK Losing Momentum

Token PUMP regained over 80% of launcher market share. Its market cap is hovering around $3.1 billion, slightly down in line with broader market weakness.

6. SEC Delays Crypto ETF Decisions Again

The US SEC postponed decisions on multiple crypto ETFs, including BTC, ETH, LTC, and XRP. Updated rulings are expected between mid-October and late October.

7. Pendle Hits New Record

The total value locked (TVL) in Pendle reached $9.2 billion, marking a new milestone. The market cap of PENDLE is now around $1.5 billion.

8. Crypto And US Bonds

The US Treasury Secretary stated that stablecoins could expand the global role of the US dollar and drive further demand for US government debt.

9. Gemini Prepares For IPO

Crypto exchange Gemini is reportedly planning an IPO. For the first half of 2025, revenue stood at $68.61 million, but the company recorded a net loss of $282 million.

10. Technical Analysis And Macro Outlook

 - Bitcoin (BTC): Trading between $115,000 – $116,000. A short-term long/short battle is heating up, with clear divergence in capital flows.

 - Ethereum (ETH): Facing short-term downward pressure, though whales continue to accumulate long positions. High leverage exists on both sides, reflecting cautious investor sentiment.

 - Altcoins: Underperforming, with most capital flowing into top coins.

 - Macro: Markets are awaiting signals on potential Fed rate cuts and the upcoming speech from Chair Jerome Powell at Jackson Hole.

Disclaimer: The content above reflects the author’s personal views and does not represent any official position of Cobic News. The information provided is for informational purposes only and should not be considered as investment advice from Cobic News.