Today's Crypto Update: August 20, 2025
The cryptocurrency market is experiencing significant fluctuations, with various assets seeing notable changes in value. Here's a breakdown of the latest developments:
Market Trends
- *Bitcoin (BTC)*: Bitcoin's price has been affected by the US inflation rollercoaster, with its value hovering around $118,800 after surging to a new all-time high of $124,474.
- *Ethereum (ETH)*: Ethereum's price has slipped below the critical level of $4,000, with eyes on levels below this mark.
- *XRP*: XRP fell 6% on Tuesday as large-scale holders began depleting their holdings amid heightened profit levels ¹.
Crypto News
- *SEC Update*: The US Securities and Exchange Commission (SEC) has announced the launch of the President's Digital Assets Group, aiming to oversee digital assets and develop regulatory frameworks.
- Pump.fun: Pump.fun has regained its market dominance in the Solana memecoin launchpad space, gaining over 73% in market share in the last seven days.
- *EminiFX Founder*: The founder of EminiFX, Eddy Alexandre, has been ordered to repay $228 million after running a Ponzi scheme that defrauded thousands of investors.
- *ARK Invest*: ARK Invest has snapped up $21 million worth of Bullish and $16 million of Robinhood shares, extending its buying streak despite a sector-wide sell-off.
Notable Price Changes
- *GALA*: Gala's current price is $0.02, with a recent closing price of $0.01612 on August 20, 2025.
- *EOS*: EOS is trading at $0.78, with an open price of $0.79 and a high price of $0.80.
- *TURBO*: Turbo's current price is $0.00, with a closing price of $0.004114 on August 20, 2025 ² ³ ⁴.
Other Developments
- *BitMEX*: BitMEX has launched a new Copy Trading feature, allowing users to automatically replicate the trades of experienced traders.
- *Bitcoin Hyper*: Bitcoin Hyper has unveiled a high-throughput Bitcoin Layer-2 solution, with a presale that saw whales buy $1INCH
50,000 in one week ⁵.
