Crypto Market RoundUp August 19: JSK Surges 266%, MYX Drops 23%

Crypto news Today: MicroStrategy Policy Change, Binance Airdrop Update

The global cryptocurrency market cap is $4.01 trillion, down by 0.4% in 24 hours. Daily trading volume reflects $173 billion, with Bitcoin dominance at 57.8% and Ethereum’s at 13%. 

The total number of cryptocurrencies as of now is 18,218 being tracked. This shows the market is active. The largest gainers in the crypto industry are Polkadot and the XRP Ledger Ecosystem.

Major Crypto Events Today

Source: Forex Factory

24 Hours Crypto Market Update

Bitcoin trades at $116,387, down by 0.7% in the past 24 hours. With a massive $2.31 trillion market cap and $47.56 billion trading volume.  BTC remains the dominant player with a 57.8% share of the global crypto market.

Top trending Coins in 24 hours: Chainlink (LINK) is currently trading at $25.20, falling 2.7%, and has a traded volume of 3.35B. Bitcoin (BTC) is trading at $116,08,7 down 0.9% with a volume of $46.57B. The meme-style token PUMP has plunged to $0.003114, down 11.2% with a volume of 303.8M, indicating a high volatility of trending assets.

Top Gainers: Joystick (JSK) is the biggest gainer, surging by 266.4% to trade at 0.2563 with a Trading Volume of 710,000. Connex (CONX) comes next with a 49.5% upsurge to $35.15 and 248K in exchanges. Wiki Cat (WKC) was also doing good, rising 36.1% to 0.061446 with more than 1.28M in TV, which indicates the interest of investors.

Top Losers: MYX Finance (MYX) leads the losers' board with a loss of 23.3% to reach a price of $1.39 and a trading volume of $ 35.7 million. GraphAI (GAI) dropped 22% to $0.575 with a TV of about $1.53M. Tao.bot (TAOBOT) also fell by 14.8% now at 0.5475, with 229K TV. Such corrections indicate profit-taking or a loss of momentum in speculative tokens.

Stablecoins collectively hold a $285 billion market cap, which reflects a modest 0.1% change in the last 24 hours. Their trading volume reached $118.22 billion.

The Defi market cap stands at $166 billion, marking a 3.4% fall in the past 24 hours. DeFi’s dominance over the global crypto market is 4.1%, with a 24-hour trading volume of $11.19 billion.

Fear and Greed Index Today

Source: Alternative me

Bitcoin Fear & Greed Index is now 56 (Greed) compared to 60 yesterday and much lower than it was last week, 68. This has been within the Greed zone during the last month, which is not as great as it was previously, but a good indicator of bullish sentiment and managing investor confidence.

Major Crypto Market News

Figure Technology Solutions Inc., a startup co-founded by former SoFi CEO Mike Cagney, has filed to list on Nasdaq under the ticker FIGR after reporting $43.8M in revenue and a $29.1M net income in H1 2025. Having financed 16B in blockchain loans through Provenance, it is a beacon in an industry where 70% of fintechs fail. It is being launched at a time of crypto revival, but with wider fintech IPO risks and regulatory issues.

MicroStrategy has changed its financing policy to allow issuing common stock even when shares trade below 2.5x its Bitcoin holdings—unlike before, when stock issuance was restricted to debt or dividend needs. This allows the company greater freedom to purchase BTC during market downturns, in spite of decreasing mNAV premiums. Although there is a possibility of dilution, the action is consistent with Saylor's aggressive acquisition plan, as he has already acquired more than 629,000 BTC valued at $46.15B.

Backpack has introduced a daily zero-knowledge Proof of Reserves system—verified by OtterSec—to offer real-time, privacy-preserving transparency of user assets on-chain. Using Merkle tree mapping, this method allows full collateral verification efficiently without revealing personal data. The shift covers the trust concerns that have been brought to the fore by the 2022 collapse of FTX, and the established audit record of OtterSec also adds credibility and user confidence in the exchange.

Binance has announced the 32 nd HODLer Airdrop project, Plume (PLUME), an EVM-compatible blockchain that specializes in real-world asset tokenization. On August 18, trading will be launched with a number of stablecoin pairs. Although a 150M PLUME token airdrop will reward BNB holders, its Seed Tag and volatility risks reflect previous listings in which 40% plummeted, and the sale pressure of the recipients can influence the initial price stability.

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