Crypto Market RoundUp Aug 28: Monero 51% Attack, Is Dogecoin Next

Breaking Crypto News: India is one Step away from Ending 50% US Tariff

The market capitalization of the Crypto industry is currently at $3.93 trillion, which represents a minor 0.1% decline in 24 hours. The Trading volume is $148 billion, with Bitcoin dominating 56.4% and Ethereum dominating 13.8% in 18,443 tracked cryptocurrencies.

Latest Crypto Events Today

Source: Forex Factory

24 Hour Crypto Market Update

Bitcoin is selling at $111,473, which is slightly 0.1% higher than in the last day. It registered a trade volume of $36.62 billion and has a huge market value of $2.22 trillion.

Trending crypto today are led by MANTRA (OM) at $0.2283, down 1.7% with $129.78 million volume. Cronos (CRO) gained 51.2% to $0.2998 with trading volume $1.49 billion, while Hyperliquid (HYPE) dipped 1.8% to $47.46, supported by TV $548.46 million.

Among top crypto gainers, Cronos zkEVM (CRO ZKCRO) surged 52.4% to $0.319, with $53,301 trading volume. Camp Network (CAMP) climbed 51.9% to $0.08788 with $93.34 million in trading volume. Cronos (CRO) rose 51.8% to $0.3004, backed by $1.49 billion TV.

The top losers include Donkey (DONKEY), dropping 28.4% to $0.03526 with a $13.7 million TV. ECOMI (OMI) fell 23.1% to $0.0003666 at $19.57 million TV, while Huobi (HT) declined 19.1% to $0.4904, with $139,217 TV.

The Decentralized Finance (DeFi) market currently stands at $165 billion, marking a 3.1% decline in the last 24 hours. With 4.2% dominance globally, DeFi saw a trading volume of $9.54 billion, reflecting cautious investor sentiment.

Stablecoin market cap currently stands at $283 billion with a slight $0.2 growth in 24 hours. Stablecoins had a remarkable volume of $102.73 billion in trading.

Fear and Greed Index Today

Source: Alternative me

The crypto industry is balanced today, with no extreme fear or greed. However, sentiment has cooled down from last month’s strong optimism (Greed at 73).

Latest Crypto News Today

U.S. authorities charged 28 people linked to a $65 million Chinese crime ring that scammed thousands of U.S. seniors through fake tech support and refund schemes. YouTube scambaiters “Scammer Payback” and “Trilogy Media” helped expose suspects, including Zhiyi Zhang. Federal raids seized luxury cars and millions in cash. Most defendants face fraud and money laundering charges.

Former Polymarket team members have launched The Clearing Company, a startup building regulated on-chain prediction markets. The company has $15 million in seed capital, including Union Square Ventures and Haun Ventures, Coinbase Ventures, and others. The company seeks to establish fun, liquid, and compliant prediction markets, which provide a more transparent alternative to current platforms.

In mid-August, Monero (XMR) hit by rare 51% hashrate attack by Qubic, a project headed by former IOTA co-founder Sergey Ivancheglo. Qubic, by attracting miners with large bonuses, took a temporary overtake of the Monero network, leading to major reorganizations of the chain. Kraken suspended XMR deposits for safety. Though Monero recovered, Qubic has now voted to target Dogecoin next.

South Korean investors are busy moving and purchasing XRP, and a transfer of 68.75M was registered by Upbit at a time when the prices fell to $2.98. This is similar to the historical trends of locals choosing XRP instead of Bitcoin when in crisis due to low fees and speed. An XRP-based DTCC patent mentioning tokenized liquidity is also an indication of increasing institutional interest beyond retail hype. Is South Korea secretly controlling XRP?

White House Trade Advisor Peter Navarro added that India could receive a 25% cut on tariffs in case it ceases to import Russian oil. The U.S. is pressuring New Delhi to sever energy relations with Moscow, as a condition of trade favors on foreign policy. This underscores increasing pressure due to 50% Tariffs on India to conform to Western sanctions against Russia.

Disclaimer: Coingabbar provides informational content on cryptocurrencies, NFTs, and other decentralised assets. This is not financial advice. Users, please DYOR, understand the risks, and consult financial professionals before investing. CoinGabbar is not responsible for any financial losses. Crypto and NFTs are highly volatile—invest wisely.