What Happened In Crypto Today: MEMEFI, MYX, and Pi Network News Shines

The global crypto market cap is now $3.83 trillion, with a 1.5% daily increase. Total cryptocurrency trading volume in the last day is at $128 billion. Bitcoin's dominance is at 59.7%, and Ethereum's dominance is at 11.6%. According to data collected, the number of cryptocurrencies is now tracking at 17,947. The largest gainers in the industry currently are the Polkadot Ecosystem and XRP Ledger Ecosystem cryptocurrencies.

Major Crypto Events Today

Source: Forex Factory

What Happened In the Crypto Market in 24 Hours

The stablecoins market holds a $275 billion market cap with a minimal 0.1% change in the last 24 hours. Trading volume has reached over $102 billion, reflecting steady demand and consistent usage in the broader crypto ecosystem.

The Decentralized Finance (DeFi) market cap stands at $143 billion, marking a 1.8% rise in the last 24 hours. With a trading volume of $26.5 billion and 3.7% global dominance, Lido dominates with a 22.8% share in TVL.

Bitcoin is trading at $114,963, rising 0.9% in the past 24 hours. It recorded a trading volume of $29.7 billion and boasts a massive market cap of $2.29 trillion, continuing its dominance in the market.

Top 5 Trending Cryptocurrencies:

• Pump.fun (PUMP) rose 8.4% to $0.003471 with $335.9 million volume.

• Ethereum (ETH) increased 2.3% to $3,677.80 with $21.2 billion traded.

• Succinct (PROVE) gained 7.3% to $1.08 with $1.12 billion volume.

• MYX Finance (TV: $179M) positively trended 72.6% at $1.84

• TROLL (TV: $51M) is up by 24.1% at $0.1779.

Top 3 Gainers:

GXChain (GXC) surged 179.2% to $2.32 with $4 million in volume. MemeFi coin price (MEMEFI) jumped 178.4% to $0.003837 with $269 million traded. MYX Finance (MYX) rose 74.3% to $1.84 with $179 million volume.

Top 3 losers

Imagen Network (IMAGE) dropped 29.7% to $0.007878 with just $94,552 volume. Tornado Cash (TORN) fell 18.3% to $10.11, trading $1.68 million. PePeonTron (PEPEONTRON) lost 14.2%, priced at $0.05013 with $2.74 million volume.

Fear and Greed Index

Source: Alternative me

As of August 7, 2025, the Crypto Fear and Greed Index stands at 62, indicating “Greed”. Sentiment has shifted from “Neutral” yesterday (54) but remains lower than last week’s 72. Last month’s score was slightly higher at 65.

Crypto Market Roundup of the last 24 hours

On August 6, 2025, Donald Trump imposed a 50% tariff on Indian imports , citing the nation’s continued oil trade with Russia amid the Ukraine conflict. India termed the action as unjustified and threatened retaliatory action. The move upends an almost-complete US-India trade agreement and risks a $190 billion trade passageway, which could lead to an out-and-out trade war.

First XRP ETF filed in Japan by SBI Holdings , and it is expected to enhance the adoption of cryptocurrencies as it has a high institutional backing of Ripple. Nevertheless, XRP price fell by more than 5% because of technical selling signals and whale action. According to analysts, upcoming events such as the Ripple vs SEC case and ETF decisions may help either bring XRP back up or fall even lower.

One trader lost $3.05 million in a phishing crypto scam when they signed a malicious transaction without realizing it and gave the attackers complete access to their wallet. This is one of a spate of more complex Web3 phishing attacks identified in August and flagged by ScamSniffer. The users are encouraged to verify dApps, withdraw inactive permissions, and follow secure wallet habits.

Smarter Web Company has issued the first-ever Bitcoin-denominated bond in the UK worth $21 million that is fully backed by French institutional investor TOBAM. The zero-coupon, convertible bond, which is priced in BTC, is an evolution towards the convergence of crypto and traditional finance. This step can encourage other institutions to consider blockchain-based fundraising despite the risks enabled by the UK's April 2025 crypto regulations.

The Pi Network has announced an extension of its .pi domain auction to September 30, which has raised speculation that the network will be listed on Binance and that it will align with the upgraded Stellar Protocol 23. Potential real-world use is enhanced by a new partnership with TransFi. In the meantime, the price of Pi Coin decreased by 20% within a week, yet the future events can turn the bearish mood upside down in case they are implemented properly.

Disclaimer: Coingabbar provides informational content on cryptocurrencies, NFTs, and other decentralised assets. This is not financial advice. Users, please DYOR, understand the risks, and consult financial professionals before investing. CoinGabbar is not responsible for any financial losses. Crypto and NFTs are highly volatile—invest wisely.