Crypto Update Today: Hyperliquid Challenges Binance and XRP ETF News

The total crypto market capitalization is currently at $3.83 trillion, down by 3% over the past 24 hours. The total trading volume exceeded $172 billion, with Bitcoin dominance at 56.2% and Ethereum at 13.7%. The cryptocurrencies tracked till now are 18465.

Latest Crypto Events Today and Tomorrow

Source: Forex Factory

24 Hour Crypto Market Update

Bitcoin is currently priced at $108,050, exhibiting a 3.2% decrease over the last 24 hours, with a market cap of $2.15 trillion and a massive $51.19B in trading volume. Bitcoin is currently dominating at 56.2%.

Top Trending coins: Pyth Network (PYTH) leads trending coins at $0.2033, down by 13.3%, with a $1.6 billion trading volume. Mitosis (MITO) decreased 1.3% to $0.2076 with $58 million TV. Solana (SOL) loses 5.2% to $203.76, trading at 13.45 billion.

Top 3 Gainers: In the past 24 hours, FARTFUL led losses with a 69.6% drop, trading at $0.05195 on a volume of $4.1 million. WORTHLESS fell 18.6% to $0.05711, with $888,060 in trades, while Incrypt (INC) dropped 21.3%, priced at $0.006805 and $79,539 in trading activity.

Top 3 Losers: Multibank Group (MBG), down 22% at $1.79 with a trading volume of about $32.2 million. iExec RLC (RLC) dropped 15.8% to $1.28, recording nearly $116.8 million in trades. Meanwhile, Wilder World (WILD) fell 17.1% to $0.25, with a trading volume of around $4.5 million.

The stablecoin market cap is $286 billion, a 0.3% positive change. With a 24-hour TV $124 billion provides liquidity and security in times of volatility.

The current Defi market cap is at $156 billion, down by 5.2% over the past 24 hours. Daily trading volume is at about $10 billion, with DeFi contributing 4.2% of the total market activity.

Fear and Greed Index Today

Source: Alternative Me

The Bitcoin Fear & Greed Index, updated August 30, 2025, shows current market sentiment at 39 (Fear), down from 50 (Neutral) yesterday. A week ago, the index reflected 60 (Greed), and a month ago it was 72 (Greed). This shift highlights growing caution among investors, signaling reduced confidence and increased market uncertainty compared to recent weeks.

Latest Crypto News

The lawyer of Elon Musk, Alex Spiro, is to lead a new Dogecoin treasury firm that aims to raise $200 million and a public listing, supported by House of Doge, the official organization of the memecoin. The action is reminiscent of a 2020 Bitcoin treasury plan by Michael Saylor at MicroStrategy , which converted its stock into a crypto proxy, and it triggered a series of corporate crypto balance sheet gambits.

Hyperliquid is already controlling approximately 80% of decentralized perpetuals volume, and clearing over $200 billion in trades as it continues to eat into Binance's dominance. Its ratio of volume to Binance increased to 13.6%. Compared to 8%. Earlier this year, due to cross-chain deposits, such as Bitcoin. Hyperliquid is becoming a serious competitor to centralized exchanges with high liquidity and user experience.

U.S. Court of Appeals decided that the majority of President Trump's global tariffs are unlawful and that he overstepped his mandate. The ruling was made 30 minutes after the futures had closed before the Labor Day weekend, and it enables the tariffs to stay in place pending review. Trump promised to appeal to the Supreme Court, claiming that all tariffs are in force.

Amplify Investments has submitted a prospectus to the SEC of an XRP monthly option income ETF, which will seek to earn returns by price exposure and a covered call strategy. It is filed as the SEC has more than 90 applications pending approval of crypto funds , including XRP, Litecoin, Dogecoin, and Solana ETFs. Amplify already runs $12.6 billion in blockchain and Bitcoin funds.

The U.S. AI talent is in high demand, with 24 percent of tech job ads now seeking AI skills, compared to 8 percent at the end of 2022. The lowest-level AI positions are paid between 190,000 and 260,000, with the stock options, and some professionals receive more than 1 million a year. The firms are advancing AI professionals to management positions at a rate of two times that of other technology employees.

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.