Latest Crypto News and Market Updates – August 28

1. BTC & ETH Trade Sideways, SOL Shows Strength

BTC and ETH continue moving sideways, while SOL demonstrates stronger momentum. The market is in a volatile accumulation phase, requiring investors to stay patient.

2. HYPE Reaches All-Time High

HYPE hit a new all-time high of $51 after Hyperliquid announced that 99% of its revenue will be allocated to token buybacks. This bold move sparked a frenzy in derivatives trading.

3. BTR Drops 50% After Launch

Bitlayer’s BTR token lost half its value after launch, now trading around $0.08 with a market cap under $80 million. Venture capital investors are reportedly disappointed.

4. JUP On Solana Holds At $0.5

JUP maintains stability at $0.5 after introducing its lending feature. Stablecoin lending rates for USDC and USDT are currently around 12%.

5. BIO Faces A Liquidation Spike

BIO experienced a sharp liquidation spike, briefly surging and forcing short positions to close before falling back to $0.17. Its launchpad token, AUBRAI, has a market cap of $20 million.

6. NMR Surges 300% In Two Days

NMR skyrocketed 300% within just two days, reportedly driven by JPMorgan’s $500 million bet on Numerai.

7. Bitmine Leads ETH Reserves

Bitmine now holds 1.7 million ETH, the largest Ethereum reserve. SharpLink follows with 797,700 ETH, up 121% this month. The Ethereum Foundation ranks fourth, while Bitmine’s ETH reserves have grown 202% in 30 days.

8. Aave Labs Launches Horizon

Aave Labs introduced Horizon, a new Real-World Asset (RWA) lending marketplace on Ethereum. Institutions can borrow stablecoins using real-world collateral.

9. Tom Lee Predicts ETH Could Reach $60K

Market strategist Tom Lee forecasts ETH could hit $60,000 within the next five years, with a strong possibility of doubling in value this year.

10. AI-Based Market Outlook

 - BTC holds a key support zone at $110K–$112K, with whales trading on high leverage.

 - ETH shows mixed signals, but ETF inflows support a bullish outlook.

 - SOL remains strong overall but risks becoming overbought in the short term.

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.