News/Daily Market Wrap | Aug. 26 Daily Market Wrap | Aug. 26
Aug 26,2025,16:47
Hot Topics
- Grayscale filed an S-1 with the SEC to convert its Avalanche Trust into a spot AVAX ETF, to be listed on Nasdaq under ticker AVAX.
- Trump signed orders on August 25, 2025, to limit cashless bail in D.C. and threaten funding cuts for jurisdictions using it.
- Sharps Technology raised $400 million to establish a Solana-focused digital asset treasury, causing its stock to surge 70%.
Market Updates
- The Sui blockchain's transaction blocks officially exceeded 4 billion.
- Bitcoin fell below $110,000, down 7% since its post-Powell speech high, while Ether dropped 8% to under $4,400, with $700M in leveraged positions liquidated.
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