Latest Crypto News Today: Did Hayden Davis Snipe $12M in YZY Tokens?

The global cryptocurrency market cap is currently $3.85 trillion, down by 4.2% in the last 24 hours. Total trading volume reached $205 billion. Bitcoin maintains dominance at 56.7%, followed by Ethereum at 13.7%, with 18,408 cryptocurrencies tracked.

Latest Crypto Events Today

Source: Forex Factory

24 Hour Crypto Market Update

Bitcoin is currently trading at $109,817, which is a 2.7% decrease in the past 24 hours. It has a market cap of about $2.18 trillion and a trading volume of $59.51 billion.

Top 3 Trending Cryptocurrencies: Ethereum (ETH) is trending at $4,383.68, down 7.3%, with $42 billion in trading volume. Bitcoin at $109,817 fell by 2.7% with TV $59.51 billion. Chainlink (LINK) trades at $23.32, down 9.9%, with $2 billion TV.

Top 3 crypto Gainers: Among top gainers, ECOMI (OMI) surged 39.6% to $0.0003103 with $7.8 million trading volume. FLOCK (FLOCK) rose 29.1% to $0.4412 with $173 million traded. Access Protocol (ACS) gained 28.2%, priced at $0.001385 with $92 million trading volume.

Top 3 crypto Losers: Light (LIGHT) dropped 30% to $0.07783 with a trading volume of $383k. Freysa AI (FAI) declined 22.7% to $0.01247 with 10.3 million traded. The Spirit of Gambling (TOKABU) fell 18.8% to $0.03579 with $7.8 million in trading volume.

The stablecoins market cap stands at $282 billion, showing a slight 0.4% positive change in the last 24 hours. Stablecoin trading volume remains highly active, reaching nearly $147 billion.

The Decentralized Finance (DeFi) market cap is $162 billion, reflecting 8% decline in the past 24 hours. With a trading volume of about $10.5 billion, DeFi holds a 4.2% dominance compared to the overall cryptocurrency.

Fear and Greed Index Today

Source: Alternative Me

The Bitcoin Fear & Greed Index is at 48 as of August 26, 2025, which means that the market is neutral. Yesterday it was 47. However, last week and last month show greed than compared with today, indicating that investors are becoming less optimistic in crypto.

Latest Crypto Market News Today

For the first time, U.S.-listed ETFs have outnumbered stocks, with over 4,300 funds versus about 4,200 companies, Bloomberg reports, citing Morningstar data. ETF assets have soared past $10 trillion, fueling worries of a “hall of mirrors” market distortion. While passive funds dominate, Vanguard’s new active ETFs signal a shift as regulators grow wary of rising complexity.

President Donald Trump has fired Federal Reserve Governor Lisa Cook , citing alleged misconduct tied to mortgage agreements, according to a White House letter dated August 25, 2025. The ruling, using the presidential powers granted by Article II and the Federal Reserve Act, ousts Cook with immediate effect. The sacking begs the question of Fed independence as regulators and markets respond to the unprecedented action.

The initiative is a big step towards the use of crypto in the real world, as Gemini has introduced a limited-edition XRP credit card that offers up to 4 percent instant cashback in XRP. The card is issued by WebBank on the Mastercard network and has XRP-specific branding and tiered rewards. Ripple also supported the release and described it as a success for the XRP community. At the moment, it can be used by U.S. users only.

On X, CoinMarketCap announced that WLFI Token perpetuals have officially launched at 0.42 just before the much-anticipated September token unlock. The listing is as traders look to market dynamics in the run-up to the launch, with perpetuals also providing a novel method of speculating on the price of WLFI. The launch is an indication of the increased interest and activity in the next step of the token.

On-chain analytics firm Bubblemaps purports that the head of the LIBRA token project, Hayden Davis sniped kanye west YZY tokens at launch using multiple wallets. The addresses received the money transferred to them through centralized exchanges a day prior and allegedly earned him approximately $12 million. Analysts traced the wallets to Davis by the common deposits, funding patterns, and transfers through CCTP, which increased transparency concerns.

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