Latest Crypto News and Market Updates – August 25

1. Bitcoin (BTC) Drops For Three Consecutive Days

BTC price briefly touched a recent low of $110,680 due to low weekend liquidity. A major whale sold around 18,000 BTC into the market, creating strong selling pressure.

2. Ethereum (ETH) Hits A Peak Then Declines

ETH unexpectedly surged to $4,956 before a sharp correction. The move was likely driven by capital rotation from BTC to ETH, showcasing ETH’s short-term strength.

3. OKB Corrects, $100 Million X Layer Fund Announced

OKB hovered around $200 while entering a correction phase. OKX CEO Star announced the launch of a $100 million X Layer ecosystem fund, strengthening OKB’s long-term positioning.

4. BIO Faces Profit-Taking After Reaching Highs

BIO rose to $0.325 before pulling back to $0.23. The founder stated that the protocol has collected $4 million in liquidity fees and is collaborating with DeFi projects to expand its lending market.

5. WLFI Plunges More Than 50%

WLFI dropped to $0.22, with a market cap of about $22 billion. Meanwhile, XPL traded at $0.53, showing frequent 10% volatility, attracting derivatives traders.

6. PENGU Weakens Despite IPO Announcement

PENGU’s CEO announced plans for an IPO within the next two years, but the token price continued to decline instead of rising, reflecting bearish market sentiment.

7. Chinese Altcoins Rally Strongly

ONT, QTUM, and NEO have been rising for nearly a week, gaining over 50%. Rumors about China potentially issuing a stablecoin may be fueling this surge, though no official confirmation has been made.

8. AAVE And WLFI In Dispute

The AAVE team claimed they could receive 7% of WLFI’s total supply, but WLFI denied it, calling the news fake. Previously, WLFI forked AAVE’s codebase, sparking tensions between the two sides.

9. ETFs Record Significant Outflows From BTC And ETH

Last week, BTC ETFs saw $1.17 billion in net outflows, while ETH ETFs recorded $570 million in withdrawals. However, ETH began attracting inflows again by the end of the week.

10. Market Outlook

According to Wang Feng, BTC has moved past its halving cycle and is now entering a phase influenced by the global economic cycle.

11. AI Market Analysis

 - BTC is under short-term pressure with negative sentiment dominating.

 - ETH is nearing its all-time high as capital shifts from BTC.

 - SOL leads the rally but shows high short-term volatility.

 - The market remains cautious ahead of the September interest rate cut and October ETF developments.

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.