Latest Crypto News and Market Updates – August 26

1. Over 206,000 Investors Liquidated

In the past 24 hours, more than 206,000 investors were liquidated. The crypto market erased gains made after “Powell Night,” while all three U.S. stock indexes fell. The main reasons are concerns over a U.S. recession and strong pressure from Trump on the Federal Reserve.

2. WLFI To Unlock Tokens Soon

WLFI, with a market cap of around $23 billion, confirmed it will officially unlock tokens at 8 AM ET on September 1. Related platform features have also been activated.

3. SOL Shows Strong Volatility

SOL surged before pulling back. Major funds like Galaxy, Jump, and Multicoin are raising $1 billion to buy SOL, which may have fueled its earlier rally.

4. HYPE Maintains Record Trading Volume

HYPE corrected slightly to $42.6, but 24-hour trading volume hit $3.4 billion. This makes HYPE the second-largest spot BTC trading platform across the network.

5. FootballFun Gains Traction On BASE

FootballFun, a sports prediction app, surpassed 10,000 active wallets. Moonbirds holders also received free player cards. The project has not yet launched a token.

6. Machi Big Brother Keeps Buying The Dip

Huang Licheng (Machi Big Brother) continued to open long positions during the downturn but is facing an unrealized loss of nearly $8 million. Still, he appears relatively unconcerned.

7. Top 10 Crypto & BTC Billionaires In 2025

 - CZ leads with an estimated net worth of $65.2 billion

 - Former CFO of Tether and Bitfinex ranks second

 - Coinbase CEO takes third place

 - Justin Sun ranks eighth with $8.5 billion

8. Could ETH Outperform BTC?

Expert Wang Feng noted that ETH is currently leading the short-term market. However, capital may soon rotate back to BTC as investors look to take profits.

9. Trump Fires Federal Reserve Board Member

Trump dismissed Fed Board member Cook. Analysts believe this move breaks political tradition and could create short-term instability in risk markets.

10. AI-Based Market Analysis

Short-term volatility is rising

BTC is seeing capital outflows but still holds support around $108K – $113K

ETH is receiving strong inflows as whales rotate capital from BTC to ETH

Market sentiment is deeply divided, with bulls and bears in fierce conflict

Many traders prefer waiting for a confirmed pullback before entering positions

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.