Daily Market Wrap | Aug. 27

Hot Topics

• Trump Media and Crypto.com plan a $6.4B CRO treasury; Trump Media buys $105M in CRO, Crypto.com takes $50M in DJT stock, boosting CRO 25% to $0.20.
• Trump fired Fed Governor Lisa Cook over alleged mortgage fraud; she refuses to resign, challenging his authority.
• Goldman Sachs boosted its Bitcoin holdings by $194M to $470M, per SEC filings on August 25, 2025.

Market Updates

• Galaxy Digital, Jump Crypto, and Multicoin Capital are in talks to raise $1 billion for the largest Solana treasury by acquiring a publicly traded entity.
• XRP surged 6% to lead crypto gains, with Solana, Dogecoin, and Ether up 4.5%-5%, while Bitcoin reclaimed $111,000.
• Canary Capital filed for a TRUMP Coin ETF, a Solana-based memecoin, aiming to offer exposure without self-custody.
• Google Cloud's GCUL blockchain for financial payments and asset tokenization is in private testnet.