Trump officially announced the dismissal of Federal Reserve Board member Cook.
Mars Finance reports that on August 26, U.S. President Trump officially dismissed Federal Reserve Board member Cook.
The cryptocurrency market is giving back the gains from 'Powell's night', with Bitcoin falling below the $110,000 mark.
Mars Finance reports that on August 26, according to market information, last night and this morning, the cryptocurrency market underwent a deep pullback. As of the time of writing: Bitcoin fell below the $110,000 mark, currently priced at $109,825, with a 24-hour decline of 2.11%, having completely dropped below the $112,000 level before Powell's speech. Ethereum fell below $4,400, currently priced at $4,365, with a 24-hour decline of 5.4%.
Altcoins generally fell, with only 14 spot currencies on Binance showing an upward trend.
Mars Finance reports that on August 26, crypto altcoins fell sharply, and as of the time of writing, only 14 spot currencies on Binance are in an upward state, with previously strong coins leading the decline. BIO fell 16.84% in the last 24 hours, currently priced at $0.2039; CRV fell 13.89% in the last 24 hours, currently priced at $0.7853; MEME fell 12.18% in the last 24 hours, currently priced at $0.003464; LDO fell 11.5% in the last 24 hours, currently priced at $1.266.
In the last 24 hours, the total liquidation across the network reached $904 million, with over 206,000 people liquidated.
Mars Finance reports that on August 26, according to Coinglass data, over the past 24 hours, the total liquidation across the network was $904 million, of which $818 million were long-position liquidations. In addition, in the last 24 hours, a total of 206,571 people were liquidated globally, with the largest single liquidation occurring at HTX - BTC-USDT worth $39.2448 million.
Federal Reserve's Williams: Policymakers should remain cautious when using estimates of the neutral interest rate.
Mars Finance reports that on August 26, Federal Reserve's Williams stated that data did not show a significant rise in the neutral interest rate level. The data indicates that a 'low interest rate fundamental environment' still exists. Policymakers should remain cautious when using estimates of the neutral interest rate. At the same time, Williams did not comment on the outlook for Federal Reserve monetary policy.
WLFI: The token will officially begin unlocking at 8:00 AM Eastern Time on September 1, and the related functionality page is now online.
Mars Finance reports that on August 26, according to the official announcement, the WLFI token unlocking functionality page Lockbox is now online. Users holding tokens can move WLFI into the Lockbox to start the unlocking process. The start time for receiving is 8:00 AM Eastern Time on September 1 (initial distribution of 20%).
CICC: The market should not view Powell's speech as the starting point for a series of easing.
Mars Finance reports that on August 26, CICC released a research report stating that Federal Reserve Chairman Powell's speech at the Jackson Hole meeting was viewed by the market as a 'dovish' signal for monetary easing. However, Powell's remarks did not provide strong guidance on the sustainability and magnitude of interest rate cuts, rather merely explaining the Federal Reserve's policy 'reaction function' — that is, when employment risk outweighs inflation, the Federal Reserve tends to lower interest rates. However, under significantly higher tariff rates and tightening immigration policies, both employment and inflation risks coexist; if inflation risk surpasses employment, Powell can still use the same 'reaction function' to halt interest rate cuts. Therefore, the market should not view Powell's speech as the starting point for a series of easing, but rather recognize the challenges faced by monetary policy when employment and inflation targets are in conflict. If tariffs and immigration policies further elevate 'stagflation-like' pressures, making the Federal Reserve's position difficult, there will not be true monetary easing in the real sense. Market risk appetite may decline, and volatility will consequently intensify.
The U.S. SEC has postponed the decision on the Canary spot PENGU ETF and Grayscale's spot Cardano ETF application.
Mars Finance reports that on August 26, the U.S. SEC has postponed the decision on the applications for the Canary spot PENGU ETF and Grayscale's spot Cardano ETF.
The U.S. CFTC acting chair may join MoonPay after the confirmation of the official chair.
Mars Finance reports that on August 26, crypto journalist Eleanor Terrett stated that 'there are rumors that after the confirmation of the permanent chairman, CFTC acting chair Caroline D. Pham will join the cryptocurrency payment platform MoonPay. MoonPay declined to comment on this. A spokesperson for the CFTC did not deny the rumor, telling me: 'As she said in May, acting chair Pham will return to the private sector after the confirmation of the new chair. In the meantime, she remains committed to faithfully executing the president's agenda and fulfilling his promise to 'win' in the crypto space.'
U.S. stock Ethereum reserve concept stocks generally fell, BTCS fell over 8%.
Mars Finance reports that on August 26, U.S. stock Ethereum reserve concept stocks generally fell, among which: · SharpLink Gaming (SBET.US) fell 3.98%;
· Bitmine Immersion Technologies (BMNR.US) fell 2.49%;
· BTCS (BTCS.US) fell 8.13%;
· Bit Digital (BTBT.US) fell 1.77%;
· Coinbase (COIN.US) fell 2.95%.
Abraxas Capital recently purchased 120,900 PT-kHYPE tokens, accumulating a total holding of 146,500 PT-kHYPE tokens.
Mars Finance reports that on August 26, according to on-chain data, Abraxas Capital transferred 410,000 HYPE ($18.5 million) to HyperEVM today and liquid-staked all assets on Kinetiq. Subsequently, they purchased 25,600 PT-kHYPE ($1.1 million) and have accumulated a total of 120,900 PT-kHYPE ($5.4 million) over the past four days, currently holding a total of 146,500 PT-kHYPE ($6.5 million). These operations are part of their Elysium Global Arbitrage Fund and are completely Delta neutral strategies.
Why is HYPE considered the most undervalued asset in the cryptocurrency market? A deep analysis by the founder of Hyperliquid Strategies.
This interview delved into the insights of Bob Diamond and David Schamis, founders of Hyperliquid Strategies, on the $HYPE token. As veterans in traditional finance, they are optimistic about $HYPE due to its exchange business model, strong cash flow, and buyback mechanism. The company has raised $888 million and plans to enhance value through staking and prudent DeFi strategies. They believe the valuation of $HYPE is attractive and are optimistic about its growth potential in the perpetual contract market, especially through innovative features like developer code and HIP-3. The interview also emphasized the unique value the DAT model provides for U.S. investors to access $HYPE investment channels.
Whales have voted with $2.2 billion: Why did they sell BTC but choose to stake ETH?
On August 25, 2025, a mysterious whale who had held Bitcoin for many years sold 20,000 BTC (approximately $2.22 billion), converting it entirely into 450,000 ETH and staking it, causing market tremors. This operation marks a shift in crypto assets from 'store of value' to 'productive assets', reflecting the attractiveness of Ethereum's staking yields and ecological advantages. Analysts believe this move may signal a structural change in the crypto market, where funds flow from Bitcoin to Ethereum, which can generate stable returns, aligning with the macro trend of stablecoin and DeFi growth expectations. The ETH/BTC exchange rate continues to strengthen, further confirming this trend.
