Binance Market Update (2024-08-25)

The global cryptocurrency market cap now stands at $2.27T, up by 4.33% over the last day, according to CoinMarketCap data. Bitcoin (BTC) has been trading between $63,531 and $64,507 over the past 24 hours. As of 09:30 AM (UTC) today, BTC is trading at $63,800, down by -0.80%. Most major cryptocurrencies by market cap are trading mixed. Market outperformers include VIDT, BETA, and ALPACA, up by 25%, 19%, and 18%, respectively. Top stories of the day: Fed Watch: 76% Probability of a 25 Basis Point Rate Cut in September Fed Chair Powell Signals Imminent Rate Cut at Jackson Hole Meeting Fed Chair Powell Signals Imminent Rate Cut at Jackson Hole Meeting FreeDurov Meme Coin Surpasses $300,000 Market Value Within 2 Hours of Launch U.S. Bitcoin Spot ETFs See $504 Million Net Inflow and $7.6 Billion Trading Volume This Week U.S. Trustee Challenges FTX Reorganization Plan: Key Legal Concerns and Creditor Objections Microsoft Invests $1.5 Billion In UAE AI Company G42 Analysis: Block's Bitcoin Revenue Could Reach $10 Billion in 2024 BlackRock and Fidelity Bitcoin Spot ETF Investors Acquire 533,000 BTC in Seven Months Meta Halts Development on Next-Gen VR Headset Amid Market Concerns BSC Chain DEX Trading Volume Surpasses Solana in 24 Hours Binance's 57th New Coin Mining Event Sees Significant Deposits Market Sentiment Shifts To Greed As Fear And Greed Index Rises Hong Kong Bitcoin ETFs Surpass $250M AUM but Lag Behind U.S. Counterparts Ether Primed for Major Rally to $3.5K as Analysts Eye Key $2,800 Level New York Judge Rejects SEC's Request for Pre-Trial Conference Against Tron Foundation Market movers: ETH: $2748.4 (-0.82%) BNB: $572.5 (-1.48%) SOL: $156.91 (+1.01%) XRP: $0.6006 (-1.38%) DOGE: $0.10867 (-3.41%) TON: $5.493 (-18.43%) TRX: $0.1598 (-0.25%) ADA: $0.3806 (-2.68%) AVAX: $26.38 (-1.12%) WBTC: $63695.05 (-0.84%) Top gainers on Binance: VIDT/USDT (+25%) BETA/USDT (+19%) ALPACA/USDT (+18%)