Latest Crypto news: Libra memecoin $57.6M unfreeze, Fed Meeting Update

The total crypto market capitalization is currently at 3.95 trillion, up by 1.8% over the past 24 hours. The total trading volume was over $160.8 billion, with Bitcoin dominance being 57.4% and Ethereum at 13.2%. The cryptocurrencies tracked till now are 18247.

Major Crypto Events Today

Source: Forex Factory

24 Hour Crypto Market Update

Bitcoin is priced at $114225, up 1% over the past day, with a market cap of $2.27 trillion and a massive $41.87 billion in trading volume. Bitcoin is currently dominating at 57.4%.

Top Trending coins: Sapien (SAPIEN) leads trending coins at $0.2232, up 15.8%, with a $39.83M market cap. The surge follows Binance Alpha listing Sapien news , sparking excitement. OKB rose 49.3% to $181.04 with $5.38B volume, while Ethereum (ETH) gained 5.4% to $4,311.40, showing steady market momentum.

Top Gainers: BNB Attestation Service (BAS) soared 101.1% to $0.01493 with $94.23M trading volume, topping today’s gainers. OKB gained 49.3% to $181.04 with $5.38B volume, while Nobody Sausage (NOBODY) climbed 36.7% to $0.05043 with $4.76M TV. Strong rallies highlight investor interest in both meme and established coins.

Top Losers: On the downside, Ket (KET) saw the steepest drop, losing 41.6% to $0.06185 on a volume of $4,434,608. Wiki Cat (WKC) slipped 28.1% to $0.062215, while Blackhole (BLACK) declined 12.6%, trading at $0.3047 with $6.25M volume.

The stablecoin market cap is 280 billion, down by 2.5%. With a 24-hour trading volume of $117.35 billion, it provides liquidity and security in times of volatility.

The current Defi market cap is at 165 billion, up by 4.5% over the past 24 hours. Daily trading volume is at about $10.24 billion, with DeFi contributing 4.2% of the total market activity.

Fear And Greed Index Today

Source: Alternative Me

The Crypto Fear & Greed Index is at 50 (Neutral), neither in fear nor in greed. The index was at fear yesterday. However, Greeding above 70 last week and last month. This fall represents increasing investor caution as uncertainty rises.

Latest Crypto Market News

On 20 August, Fed Governor Christopher J. Waller, speaking at the Wyoming Blockchain Symposium 2025 , described the revolution in payments, powered by artificial intelligence, stablecoins, and digital networks. He pointed out that the private sector should take the lead in innovation, with the Fed facilitating with infrastructure and standards. The efficiency and global scope of stablecoins, AI, and tokenization are promised, and regulation guarantees safety and transparency.

The Fed published minutes of its July 29-30, 2025, meeting. Fed officials, with changes to their long-term plan close to finalization, left rates unchanged at 4.254.50%, citing steady financial markets and changing inflation risks posed by tariffs. Two governors disagree and prefer a 25-basis-point reduction as labor conditions showed signs of cooling. The committee has a trade-off between employment support and its aim of reducing inflation to the 2 percent target.

Binance has partnered with TRM Labs and other industry players to introduce the Beacon Network, the first real-time crypto crime response system. It can freeze illegal funds by sharing flagged wallet data in real-time with exchanges, issuers, and law enforcement. This is a significant milestone in active security, which supports trust, safety, and worldwide adoption of digital assets.

Coinbase sent U.S. government 76.56 ETH ($332K), and it increased its total to 65,232 ETH ($281M). This is in line with Trump's March 2025 Executive Order to consolidate crypto reserves following previous 17B Bitcoin losses. The U.S. is making crypto a digital gold hedge with programs such as the Strategic Bitcoin Reserve and CLARITY Act.

A U.S. judge has unblocked $57.6M in USDC associated with the Libra memecoin scandal , stating that defendants Hayden Davis and Ben Chow were cooperative and that plaintiffs had not demonstrated irreparable harm. Although previous reports of a 250M loss due to political promotions, weak evidence, and on-chain connections indicate a complicated memecoin ecosystem, markets have not been affected much.

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.