Daily Market Wrap | Aug. 25

Hot Topics

• Bitcoin crashed below $111,000 after a whale sold 24,000 BTC; ETH reach new ATH over $4900.
• Hong Kong will enforce Basel crypto rules by 2026, requiring banks to hold $1 capital per $1 in crypto assets.
• Fed Chair Powell signaled possible rate cuts in September, citing job market risks despite inflation concerns.
• Canadian fintechs raised $1.62B in H1 2025, led by crypto and AI, with KPMG expecting strong funding in H2.

Market Updates

• Lombard launched the BARD token and Liquid Bitcoin Foundation with a $6.75M community sale to boost Bitcoin liquid staking governance and adoption.
• Chainlink's LINK token surged 12% to $27.8, a 2025 high, driven by Fed Chair Powell’s dovish remarks and institutional buying.
• Trader "Naseem," who made $100M on TRUMP, bought $250,000 of Kanye West’s YZY token, sold $535,000, and withdrew $1.02M.