Latest Crypto News and Market Updates – August 27

1. Market Rises But Investors Still Lose

More than 206,000 traders were liquidated within just 24 hours. The crypto market erased all gains achieved after “Powell Night,” while all three major U.S. stock indexes fell. Analysts attribute this to U.S. recession fears and strong pressure from Trump on the Federal Reserve.

2. WLFI To Unlock Tokens

WLFI’s market cap has reached around $23 billion. The project announced that official token unlocking will take place at 8 a.m. ET on September 1. Related platform functions have also been activated.

3. SOL Sees Sharp Volatility

SOL spiked before reversing downward. Major funds such as Galaxy, Jump, and Multicoin are reportedly raising $1 billion to purchase SOL, possibly fueling the earlier price surge.

4. HYPE Maintains Strong Position

HYPE slightly corrected to $42.6. However, its 24-hour trading volume hit a record $3.4 billion, making it the second-largest spot BTC trading platform across the network.

5. FootballFun Shines On BASE

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

6. Machi Big Brother Faces $8M Unrealized Loss

Huang Licheng (Machi Big Brother) continued bottom-fishing during the market downturn but is recording an unrealized loss of nearly $8 million from his long positions. However, he appears relatively unfazed.

7. Top 10 Crypto & BTC Billionaires Of 2025

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

 - Former CFO of Tether and Bitfinex ranks second

 - Coinbase CEO ranks third

 - Justin Sun ranks eighth with $8.5 billion

8. Could ETH Outperform BTC?

Expert Wang Feng believes ETH is currently leading the short-term market, but capital flows will soon return to BTC for profit-taking.

9. Trump Fires Fed Board Member

Trump dismissed Cook, a Federal Reserve Board member. Analysts suggest this move breaks political tradition and could trigger short-term instability in risk markets.

10. AI Market Analysis

 - Short-term volatility is increasing

 - BTC is seeing capital outflows but remains supported between $108K – $113K

 - ETH is gaining strong inflows as whales rotate capital from BTC

 - Market sentiment is highly divided, with bulls and bears in intense competition

 - Many traders are waiting for pullback confirmation 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.