Crypto Market Update: Amazon Job Market 2025, Bitwise Solana ETF News

Overall Crypto Market Update:

• The global cryptocurrency market cap stands at $3.94 trillion, marking a 1.1% decrease in the last 24 hours.

• Daily trading volume reached $166B

• Bitcoin remains the leader with a 57.7% dominance, while Ethereum holds a 12.6% share.

• A total of 19,354 cryptocurrencies are currently being tracked.

Major Crypto Events Today

Source: Forex Factory

24 Hour Crypto Market Update

Bitcoin (BTC) and Ethereum (ETH) Price:

• Bitcoin is currently priced at $114,318, and has fallen by 0.8%  in the past 24 hours. With $61.4 billion in trading volume and a $2.27 trillion market cap.

• Ethereum trades at $4134.16, down 1.5% in the last 24 hours, with a $498 billion market cap and $35 billion in trading volume.

Top 5 Trending Coins:

• EVAA Protocol (EVAA) is trading at $12.65, down 5.8%, with a trading volume of $60.79 million.

• Meteora (MET) has fallen 18.9% to $0.448, recording a trading volume of $182.98 million.

• ChainOpera AI (COAI) is priced at $4.74, down 14.1%, with $137.66 million in trading volume.

• Zcash (ZEC) trades at $330.41, dropping 8.5%, and has a trading volume of $825.81 million.

• Official Trump (TRUMP) is up 10.9% at $6.97, leading the trend with a trading volume of $1.47 billion.

Top 3 Gainers:

• Vultisig (VULT) is currently at $1.09, jumping 150.4%, with a trading volume of $35M.

• Ore (ORE), priced at $100.50, soars 40.6%, with a trading volume of $2M.

• BugsCoin (BGSC) at $0.004248 surged 36.5%, with a trading volume of $17M.

Top 3 Losers:

• B2 (BSquared Network) Price: $0.9375, TV: $98,109,519, down 54.8% in the last 24 hours.

• COMMON (Common) Price : $0.01784, TV: $43,783,492, dropped 51.2% in the past day.

• LMTS (Limitless) Price: $0.2612, TV: $8,016,977, fell 33.6% in 24 hours.

Stablecoins and Defi Update:

• Stablecoins hold a market cap of $311 billion with $126 billion in trading volume, representinga  0.2% negative change.

• The DeFi market cap stands at $148 billion, fell 0.9% in the last 24 hours, with a trading volume of $7.6 billion. DeFi dominance remains at 3.7%.

Fear and Greed Index Today

Source: Alternative Me

The current Fear and Greed Index stands at 50, indicating a neutral market sentiment. This shows that traders are neither fearful nor overly greedy. Last week’s score was 34 (Fear), and last month it was 37 (Fear), suggesting that market confidence has improved gradually over the past few weeks.

Latest Market News Today

Bitcoin BIP-444: F2Pool co-founder Chun Wang criticized the proposed BIP-444, calling it a bad idea and refusing to support any kind of Bitcoin soft fork, temporary or permanent. He said he’s disappointed that some developers are “moving further in the wrong direction.” The proposal aims to reduce Bitcoin network spam.

Grayscale Solana Trust : Grayscale has launched the Solana Trust ($GSOL), now the largest publicly traded Solana fund in the U.S. It lets investors gain exposure to SOL through regular brokerage accounts with staking enabled—offering an easier, safer way to invest without directly holding or storing Solana tokens.

GMGN is Not Hacked: GMGN has clarified that rumors about a hack and user fund losses are false. The team conducted a full security audit and confirmed there are no issues—user funds remain completely safe. GMGN assures it always prioritizes user security and encourages users to contact official support for help.

Ethereum L1 and L2 update: Yakovenko explained that even if Layer-1 validators try to tamper with nodes, they can’t change on-chain consensus since centralized providers would reject illegal states. However, he warned that Layer-2s and Wormhole upgrades can happen without halting the network, exposing users to higher risks and weaker security.

x402 protocol: Kite has received new funding from Coinbase Ventures, expanding its Series A round led by PayPal Ventures and General Catalyst. The investment will boost the development of its AI payment infrastructure and adoption of the x402 protocol, helping AI agents easily send and receive payments in the growing agentic economy.

President Can’t Hold Cryptocurrency: US Congressman Ro Khanna is set to introduce a bill that would ban the President and other elected officials from owning or creating cryptocurrencies, aiming to prevent conflicts of interest in future administrations.

Bitwise Solana ETF : Bitwise announced that its new Spot Solana Staking ETF (BSOL) will start trading tomorrow. It’s the first U.S. ETF to hold and stake 100% of its assets in Solana (SOL) directly on-chain, offering investors an estimated annual yield of around 7%.

AI Expands: OpenAI has urged the US government to boost its energy capacity, warning of a power shortage as AI rapidly expands. With over 5,000 data centers and $40B in projects underway, tech giants like Google are turning to nuclear power—now seen as the key to sustaining AI’s global growth.

Amazon Job Market 2025: Amazon is set to announce major job cuts starting tomorrow, marking the biggest layoff in its history. The company reportedly plans to cut around 30,000 corporate jobs as part of its cost-reduction strategy, reflecting ongoing challenges in global tech and retail markets.

CoinGabbar’s Opinion

• The cryptocurrency sphere remains neutral, with a slight 1.1% dip in total market cap, signaling mild consolidation.

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.