Latest Crypto News and Market Updates – August 21

1. Crypto Market Turns Positive

Ethereum (ETH) and Solana (SOL) both surged over 6%, while Bitcoin (BTC) only gained about 1%, signaling weakness compared to altcoins. Crypto-related stocks also rose in tandem. Investors are closely watching Federal Reserve Chair Jerome Powell’s speech on Friday, which may heavily influence interest rate cut expectations.

2. OKB Hits New All-Time High

OKB reached $175, up more than 250% from its bottom. Market capitalization climbed to $3.5 billion. Meanwhile, the meme coin trend on the X Layer network continues to attract strong capital inflows.

3. BNB Leads The Exchange Token Trend

BNB touched a new all-time high at $881 before pulling back slightly to $873. Its market capitalization now stands at $121.8 billion.

4. BIO Sees Strong Growth

BIO jumped over 160% from its recent bottom, fueled by the launch of the Aubrai project on the BIO launcher platform.

5. KAITO Gains Momentum

KAITO rose 10% after unveiling its roadmap for the first half of the year, including token unlock plans and new growth initiatives.

6. Hyperliquid Impresses The Market

Hyperliquid is projected to generate $104.3 million in annual profit per employee – the highest figure in the world. Its native token HYPE is currently trading around $43.

7. BAS Explodes In 24 Hours

BAS (Binance Alpha) soared more than 106% within just 24 hours, pushing its market cap close to $38 million.

8. Binance Plasma Sells Out Quickly

The Binance Plasma farming program with a $250 million USDT cap sold out in no time. Participants will share 1% of the total token supply.

9. Market Outlook From Tom Lee

Tom Lee predicts that if the Federal Reserve eases monetary policy, the crypto market could surge significantly by the end of 2025.

10. Monetary Policy Developments

The July FOMC minutes reveal that the Fed remains cautious. However, an increasing number of officials support the possibility of a rate cut as early as September.

11. Crypto And AI Market Analysis

 - Bitcoin (BTC) is consolidating near the $112,000 – $113,000 support range, with heavy whale activity causing short-term volatility.

 - Ethereum (ETH) shows strong bullish signals as CME futures contracts hit record highs.

 - The Solana (SOL) ecosystem continues to attract capital, with the community eyeing potential 100x growth opportunities.