Market Overview: Crypto Holds Strong as Global Cap Hits $3.82 Trillion
The global cryptocurrency market and Crypto News is on the move. In the last 24 hours, it rose by 0.8%, pushing the total market cap to $3.82 trillion. The total trading volume in the same time was $123 billion, showing strong activity. Bitcoin remains the top coin with 59.7% dominance, followed by Ethereum at 11.5%. The Fear and Greed Index jumped from 52 to 55, reflecting growing confidence among traders.
Source: CoinMarketCap
A big headline in Crypto News today is the White House’s new move against crypto discrimination. A draft executive order is under development that can penalize banks for closing the accounts of digital coin businesses on political or financial grounds.
The shift comes after actual events. JPMorgan cautioned Coinbase CEO Brian Armstrong on potential account shutdowns. Elon Musk also said more than 30 tech startup founders were "debanked" during the Biden administration.
Banks say they're staying risk-averse, but the community labels it as regulation masquerading as bias. If signed into law, the order may put an end to unfairness and let in financial services for blockchain startups.
If signed by President Trump, banks will be able to eliminate obsolete rules. The action can be the greatest drive for equity since the Bitcoin ETF approval.
Source: X
In other Crypto News, Phantom formerly a merely Solana wallet-has bought Solsniper, a leading meme coin trading platform.
Solana’s blockchain has exploded in popularity for fast and cheap trades. Meme coins are a big part of that rise. The SOL token is trading at around $167, up 3.36%, and saw $4.74 billion in trading volume in just 24 hours.
Source: CoinMarketCap
Solsniper provides investors with wallet-tracing tools, liquidity analysis, and rapid entry into new meme coins. Through this acquisition, Phantom is transforming from a wallet to a complete online trading environment.
Nothing will change overnight, and Solsniper will continue to operate business as usual. But a facelift is on the horizon, allowing users to trade tokens more easily and faster within the expanding Solana ecosystem.
Source: X (Twitter)
Tensions are rising between India and the U.S., and that could be bad news in the Crypto News world. President Trump criticized India for purchasing inexpensive Russian oil and threatened a 25% tariff. He even spoke of a 100% secondary tariff for those nations supporting Russian commerce.
These actions aren't political; they're impacting markets. When Trump last issued a similar threat, Bitcoin fell 2.97%, from $117,687 to approximately $114,322. Experts caution that further tariffs may be causing market shocks, pushing countries like India to decentralized systems to escape American pressure.
Source: Truth Social
The other significant issue of the day's Crypto News is the pending Stellar Protocol 23 upgrade. On September 3, 2025, this upgrade will introduce smart contracts, accelerated transactions, and greater scalability.
Why should this be important to Pi Network? Both Stellar and Pi use the same fundamental system. So, when Stellar gets an upgrade, Pi Network will get one indirectly.
This may enable users of Pi to create improved apps, sign domains, and have smoother Web3 services. However, devs will have to get their systems updated quickly, as legacy tools won't be functional.
Source: X
He is also convinced that Bitcoin will reach $250,000 by the end of the year. As of now, BTC is at $114,422, and there is a minor 0.08% growth with a 13% rise in volume.
Krueger condemned the U.S. Federal Reserve's rate-high policies and threatened feeble GDP and employment figures. His vociferous backing of Bitcoin and crypto-friendly fiscal regulations brings fresh vigour to the debate on interest rates.
Source: X
Final Thoughts
Current Crypto News indicates that the market is active and evolving rapidly. Prices are fluctuating, new regulations are on the way, and large corporations are making savvy decisions. All these pieces of are making a great buzz in the world of cryptocurrency. It seems that digital currency is going into an even larger future.
Mona Porwal is an experienced crypto writer with two years in blockchain and digital currencies. She simplifies complex topics, making crypto easy for everyone to understand. Whether it’s Bitcoin, altcoins, NFTs, or DeFi, Mona explains the latest trends in a clear and concise way. She stays updated on market news, price movements, and emerging developments to provide valuable insights. Her articles help both beginners and experienced investors navigate the ever-evolving crypto space. Mona strongly believes in blockchain’s future and its impact on global finance.