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CoinCatch Market Daily Report (August 26, 2025)
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2025-08-26 | 10m
On August 26, Bitcoin fell 1.95% to $110,057.90 over 24h, underperforming the broader crypto market (-2.96%); Ethereum fell 4.9% in the past 24h, underperforming the broader crypto market (-2.96%) as well. Meanwhile, President Donald Trump on Monday said he had fired Federal Reserve Governor Lisa Cook, according to a letter addressed to her posted on his social media. The Aave protocol is on the verge of launching its latest iteration, Aave V4, according to statements from key figures within the project. A bill proposed in the Philippine Congress would create a government-run bitcoin (BTC )reserve that cannot be touched for two decades except to pay down the nation’s rising debt load
Crypto Market Overview
BTC (-1.79% | Current Price: 110,034.44 USDT)
Bitcoin dropped 1.79% today, reaching a low of $108,762. A Bitcoin whale sold 24,000 BTC (~$2.7B) on August 25, causing a flash crash below $110K and $500M+ liquidations. Large sell orders overwhelmed thin weekend liquidity, triggering stop-loss cascades. The 24h volume surged 15.85% to $87.5B, signaling panic selling. Markets reacted cautiously to Fed Chair Powell’s Jackson Hole speech, despite an 87.3% priced-in September rate cut. Traders unwound positions amid concerns about delayed easing. Bitcoin’s 30-day correlation with the S&P 500 rose to 0.68, amplifying macro sensitivity. Technically, BTC broke below its 7-day SMA ($113,622) and 23.6% Fibonacci retracement ($120,885). The RSI (38.54) shows bearish momentum, while the MACD histogram (-714) confirms selling pressure.
On August 25, BTC ETFs saw a net inflow of $219.1 million, with $63.4 million inflow of BlackRock's IBIT and $65.6 million of Fidelity's FBTC.
ETH (+4.95% | Current Price: 4421.22 USDT)
Ethereum experienced a decline of approximately 4.95%, bringing its price to around 4,400 USDT. Market participants adjusted their expectations ahead of Fed Chair Powell’s speech at Jackson Hole on August 26, with the CME FedWatch indicating an 87.3% implied probability of a rate cut in September. Initially, ETH rallied on hopes of dovish monetary policy, but this reversed as traders took profits. Cryptocurrency markets remain highly sensitive to rate outlooks. ETH’s correlation with Nasdaq futures reached 0.89 this week, the highest level since March 2025. Signals from hawkish comments could sustain downward pressure, while dovish narratives might help restore risk appetite.
Over the past 24 hours, ETH faced approximately $130 million in long liquidations (per Coinglass), contributing to a broader crypto market deleveraging of around $500 million. Open interest in ETH perpetual contracts decreased by 9%, indicating a reduction in speculative activity. Technically, ETH broke below the 23.6% Fibonacci retracement level at $4,577 and the 100-hour simple moving average at $4,420. The MACD histogram shifted to negative territory at -13.41, suggesting bearish momentum. Key support levels are identified at $4,344 (38.2% Fibonacci retracement) and $4,000 psychological level. A sustained move above $4,600 could nullify the current bearish outlook.
Additionally,
on August 25, US-based spot Ethereum ETFs experienced net inflows totaling $443.9 million, with BlackRock's ETH(A) receiving $314.9 million and Fidelity's FETH recording $87.4 million.
Altcoins
The current cryptocurrency market Fear & Greed Index stands at 43, placing it in the "fear" territory. This value indicates a sentiment marked by cautious apprehension among market participants, reflecting more restraint than enthusiasm.
Macro Data
On August 25, the S&P 500 fell 0.43%, standing at 6,439.32, the Dow Jones Industrial Average dropped by 0.77% to 45,282.47, and the Nasdaq dropped 0.22% to 21,449.29. As of 7:00 AM (UTC), spot gold was valued at $3,377.1 per ounce, reflecting an increase of 0.12% over the past 24 hours.
Trending Tokens
HAEDEL Haedel Protocol (+8%, Circulating Market Cap: $32.17 Million)
HAEDEL is trading at $0.1466, up approximately 8% in the past 24 hours. Haedal is a prime liquid staking protocol natively built on Sui. It provides users with robust liquid staking infrastructure, allowing people to stake their SUI and Walrus token into validators to earn continual consensus rewards while unleashing LST liquidity to be used in DeFi. Haedal aims to become the ultimate place for users to stake and earn on Sui. HAEDAL’s role as Sui’s liquid staking protocol aligns with Sui DeFi growth, including $600K+ in trading fees from its Market Maker module (Haedal). Increased Sui activity drives demand for HAEDAL’s staking token (haSUI), which offers DeFi utility. However, Sui’s price (-28% from ATH) limits broader ecosystem enthusiasm.
MELANIA Official Melania Meme (+6.16%, Circulating Market Cap: $178.49 Million)
MELANIA is trading at $0.2062, with a 24-hour increase of approximately 6.16%. Melania memes are digital collectibles intended to function as an expression of support for and engagement with the values embodied by the symbol MELANIA. and the associated artwork, and are not intended to be, or to be the subject of, an investment opportunity, investment contract, or security of any type. Canary Capital registered a "Trump Coin ETF" on August 13 (AMBCrypto), sparking speculation about regulatory acceptance of politically themed crypto products. While focused on TRUMP tokens, MELANIA—another Trump-family memecoin—saw spillover demand.
MAV Maverick Protocol (+5.78%, Circulating Market Cap: $43.4 Million)
MAV is trading at $0.6295, with a 24-hour increase of approximately 5.78%. Maverick Protocol emerges as a pivotal player in the decentralized finance (DeFi) landscape, aiming to redefine industry standards by enhancing both efficiency and liquidity. At its core, Maverick Protocol leverages an Automated Market Maker (AMM) system, which is ingeniously designed to optimize the deployment of assets within the DeFi ecosystem. The technical analysis tool shows MAV's price is above key moving averages, with RSI around 63, indicating bullish momentum. The MACD histogram is positive, suggesting upward trend continuation. Also, Fibonacci levels show resistance at $0.0658, which the current price is approaching. With speculative interest in low-FDV tokens, amplified by its improving DEX fundamentals. However, high whale concentration and a neutral broader market sentiment warrant caution.
Market Insights
Trump Says He Has Fired Fed Governor Lisa Cook. She Says She Will ‘Continue to Carry Out’ Duties
President Donald Trump on Monday said he has fired Federal Reserve Governor Lisa Cook, according to a letter addressed to her posted on his social media — the first instance of a president firing a central bank governor in the central bank’s 111-year history. The unprecedented move represents a significant escalation of the president’s battle against the Fed, which he has blamed for taking too long to lower interest rates. Cook has recently come under fire by Trump and members of his administration for allegedly committing mortgage fraud. The Justice Department has said it plans to investigate those allegations first raised by Federal Housing Finance Director Bill Pulte “President Trump purported to fire me ‘for cause’ when no cause exists under the law, and he has no authority to do so,” Cook said in statement her attorneys shared with CNN Monday night. “I will not resign. I will continue to carry out my duties to help the American economy as I have been doing since 2022.”
It’s unclear whether Trump has the legal authority to fire Cook over these allegations. The law specifies that a president may only remove members of the Fed’s board “for cause” – though what merits a for-cause firing has not been explicity defined.
Trump, in his letter to Cook wrote, “I have determined that there is sufficient cause to remove you from your position.”
Aave v4 Codebase Officially Introduces DAO Service Providers, Founder Says Aave v4 Will Be Launched Soon
The Aave protocol is on the verge of launching its latest iteration, Aave V4, according to statements from key figures within the project. Emilio, Aave’s Vice President of Engineering, announced that the V4 codebase has been officially shared with all DAO service providers, marking a crucial step in the protocol’s development. Aave founder Stani.eth confirmed that the launch is imminent, underscoring the project’s ongoing evolution in the decentralized finance (DeFi) space. Aave V4 introduces significant improvements aimed at enhancing the protocol’s scalability, security, and user experience. These upgrades are part of Aave’s broader strategy to maintain its position as one of the largest and most influential DeFi protocols. The project, which allows users to supply and borrow assets in a non-custodial environment, has been a pioneer in DeFi lending and continues to expand its functionalities across multiple blockchain networks.
The Aave protocol has grown substantially since its inception, supporting billions of dollars in weekly volume and facilitating a wide range of financial activities, including lending, borrowing, and stablecoin issuance. As a community-governed platform, Aave relies on AAVE token holders to guide its development and decision-making processes. This decentralized governance model ensures transparency and aligns the interests of developers, users, and investors.
Philippine Congressman Proposes Bitcoin Reserve to Attack National Debt
A bill proposed in the Philippine Congress would create a government-run bitcoin (BTC )reserve that cannot be touched for two decades except to pay down the nation’s rising debt load, setting some of the strictest sovereign crypto storage rules yet. The proposed Strategic Bitcoin Reserve Act, introduced by Rep. Miguel Luis R. Villafuerte, directs the Bangko Sentral ng Pilipinas (BSP) to purchase 2,000 BTC annually over five years for a total of 10,000 BTC.
"The State shall promote and maintain economic prowess, including monetary stability and the convertibility of the peso, especially in times of crisis. With the increasing role of cryptocurrency in the world's financial system, it is imperative to enact measures aimed at diversifying our assets to ensure financial security," the bill reads.
Villafuerte's legislation stipulates that the holdings would be locked for 20 years, and during that period, bitcoin may only be sold or swapped for the purpose of retiring government debt. Once the holding period ends, the central bank governor will be restricted to offloading no more than 10% of the assets in any two-year window.
In January, the country's Bureau of the Treasury reported that its national debt hit $285 billion, or 60% of its GDP.
Reference:
CoinMarketCap. (n.d.). CoinMarketCap.
https://coinmarketcap.com
Farside Investors. (n.d.-a). Bitcoin.
https://farside.co.uk/btc/
Farside Investors. (n.d.-b). Ethereum.
https://farside.co.uk/eth/
Investing.com. (n.d.-a). USA Indices.
https://investing.com/indices/usa-indices
GoldPrice.org. (n.d.).
Spot gold price today. Retrieved August 11, 2025, from
https://goldprice.org/spot-gold.html
Coindesk. (2025, August 25).
Philippine Congressman Proposes Bitcoin Reserve to Attack National Debt. Retrieved August 26, 2025, from
https://www.coindesk.com/policy/2025/08/25/philippine-congressman-proposes-bitcoin-reserve-to-attack-national-debt
CNN. (2025, August 25).
Trump says he has fired Fed governor Lisa Cook. She says she will ‘continue to carry out’ duties. Retrieved August 26, 2025, from
https://www.cnn.com/2025/08/25/business/trump-fire-fed-governor
Ainvest. (2025, August 25).
Aave V4: Redefining DeFi’s Future with Scalability and Stability. Retrieved August 26, 2025, from
https://www.ainvest.com/news/aave-v4-redefining-defi-future-scalability-stability-2508/
CoinCatch Team
Disclaimer:
Digital asset prices carry high market risk and price volatility. You should carefully consider your investment experience, financial situation, investment objectives, and risk tolerance. CoinCatch is not responsible for any losses that may occur. This article should not be considered financial advice.
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