What Happened in Crypto Market Today? Top News and Highlights

Top Crypto Market Shifts You Need to Know Today

Global Crypto Market Inches Higher Know more about WhatHappened in Crypto Market Today?

The Crypto Market is surging with new highs and deepuncertainty. As of today, the global cap stands at $3.79trillion, a 0.8% rise in the past 24 hours. 

Trading volume touched $92.1 billion, while Bitcoindominated the with a 60% share and Ethereum held 11.3%. The Fear and Greed Index sits at 52 (Greed), jumping from 48 just yesterday.

Crypto Market Highlights

Ethena’s USDe Climbs to Become 3rd-Largest Stablecoin

In a stunning Crypto Market, Ethena’s USDe has become the third-largeststablecoin by market cap, now valued at $9.3 billion—up 75% injust one month. It overtook FDUSD, Dai (DAI), and USD1 to reach this milestone.This makes USDe the sixth-largest DeFi protocol by total value locked (TVL).

Although still far from beating USDT ($163.8B) and USDC($64.1B), USDe’s rapid growth is catching attention. Since the GENIUS Act waspassed on July 18, yield-bearing stablecoins like USDe have added $2.7B tosupply, slightly ahead of USDT’s increase.

ENA Token Powers Ethena’s Rise

Ethena’s native token, ENA, might be fueling this growth.Even after figure Arthur Hayes sold over 7.7M ENA on August 2, the tokensurged 15% in a day, trading at $0.6163 with a cap of $3.91B.

Metaplanet Goes All-In on Bitcoin

Japan-based Metaplanet shook the digital sector bypurchasing 463 more BTC worth $54M, bringing its total holdings to 17,595 BTC.The firm’s aggressive shelf filing hints at plans to buy up to 210,000 BTC by2027, possibly making it one of the largest holders globally.

Bitcoin rose to $114,347 after the news. Analysts say thiscorporate move strengthens faith in digital gold. Institutions now controlnearly 98% of Bitcoin’s supply, and August- historically bullish-is showingsigns of continued momentum.

China Digital Asset Ban Rumor Creates Panic—But It’s Just OldNews Resurfacing

On August 3, 2025, Crypto Market were hit with panic aftera viral post falsely claimed China had once again banned cryptocurrencytrading and mining. In reality, this news is a recycled storyfrom 2021, when China implemented a full ban on services, mining, andexchanges.

Since then, no new laws have been introduced. Yet, socialmedia posts made it appear like a fresh ban, misleading many investors. Thisisn’t the first time misinformation has rattled the digital space- a 2023 studyshowed rumors can spike the volatility by 15%. The truth: no new ban in2025- just old headlines resurfacing.

Trump Sparks Debate Amid Political Chaos

President Trump accused the Bureau of LaborStatistics of inflating job numbers ahead of elections, calling it a “scam.”He fired top officials and hinted at deeper support for decentralized finance.With appointments like Paul Atkins pro-crypto as SEC Chair, Trump is openlybacking digital currencies over traditional finance.

His moves appear to signal the creation of a “crypto army”,reshaping the financial landscape through blockchain-backed systems.

 

Kiyosaki Warns of “Bitcoin August Curse”

Investor Robert Kiyosaki raised concerns aboutthe so-called “Bitcoin August Curse”, warning Bitcoin might drop below $90,000this month. Recent U.S. job reports added fuel to the fire, showingweaker-than-expected hiring. Bitcoin fell from $118K to $114K in response, with$729 million liquidated in a single day.

Despite this, Kiyosaki remains bullish, blaming traditionalsystems not Bitcoin for the drop.

Final Thoughts

August has become a critical month for the crypto market.While Ethena’s rise and Metaplanet’s bold moves bring bullish energy, politicaltension and misinformation continue to test investor nerves. With large firmsaccumulating assets and leaders openly pushing for digital-backed systems, it remains volatile but more alive than ever.