Gryphon Digital surged over 20% in pre-market trading, American Bitcoin Plans to Go Public through a SPAC Merger

According to market data, pre-market trading, the U.S. stock Gryphon Digital Mining (GRYP), a crypto mining company, surged over 20% at one point, currently up over 12%. The Trump family-backed Bitcoin mining company, American Bitcoin, is planning to go public through a SPAC merger, aiming to land on Nasdaq in September under the stock symbol ABTC.

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Cryptocurrency Card Issuer Rain Completes $58 Million Series B Funding Round, Led by Sapphire Ventures

Cryptocurrency debit card issuer Rain has completed a $58 million Series B funding round, led by Sapphire Ventures, with participation from Dragonfly, Galaxy Ventures, Endeavor Catalyst, Samsung Next, and Lightspeed. According to another source familiar with the matter, the annualized consumption volume supported by Rain's debit cards has exceeded $1 billion.

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🟠 Michael Saylor to give Bitcoin speech at the annual H.C. Wainwright Global Investment Conference 🔥

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🗞 August 28 2025 cryptocurrency news highlights

【Cryptocurrency】
Cryptocurrency Card Issuer Rain Completes $58 Million Series B Funding Round, Led by Sapphire Ventures

【Economy】
Gryphon Digital surged over 20% in pre-market trading, American Bitcoin Plans to Go Public through a SPAC Merger

【Indicators】
Tom Lee: Ethereum Is the Biggest Macro Opportunity, Bitcoin Could Hit $200K 🔹

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Ethereum Continues to Dominate as Bitcoin Lags Behind 🏆

Ethereum spot ETFs are consistently outperforming their Bitcoin counterparts. Daily inflows into Ethereum ETFs recently reached $442–455 million, with consecutive multi-day surges and strong institutional demand for yield-bearing assets like ETH. In contrast, Bitcoin ETFs saw more modest gains—around $92 million—and face weekly outflows. This trend reflects a broader shift: Ethereum’s ETF inflows in 2025 have already surpassed Bitcoin’s by $11–12 billion versus $8–10 billion, signaling a growing preference for Ethereum-linked investment products.

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DeFi Dev Corp lifts Solana treasury to $317m with new purchase🪙

DeFi Development Corp. invested \$77M to buy 407,247 Solana tokens, boosting its total holdings to 1.83M SOL worth about \$317M. The tokens will be staked to earn yield, and the firm still has \$40M set aside for future Solana purchases.

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Dogecoin (DOGE) 5% Crash Spark Whale Rotation to Trending Crypto Mutuum Finance (MUTM)🐶

Dogecoin dropped 5%, but attention is shifting to Mutuum Finance (MUTM), now in presale phase 6 at \$0.035. With over \$15M raised and 15,720+ investors, MUTM is gaining traction, offering early buyers potential 200% returns after launch as its price rises to \$0.04 in phase 7.

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Three wallet addresses deposited a total of 7.49 million USDC to Hyperliquid and went long on XPL with 2x leverage.🔥

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Binance Alpha will list Dexlab (XLAB), with a Phase 1 point threshold of 254 points.

Binance Alpha will launch Dexlab (XLAB), with trading starting on August 29, 2025 at 15:00 (UTC+8).
Eligible users can use Alpha Points to claim a 1,500,000 XLAB token airdrop on the Alpha activity page within 24 hours after the start of trading.

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Announcement: U.S. Core PCE Price Index YoY for July and U.S. University of Michigan Consumer Sentiment Index Final Value for August will be released tonight

According to the schedule, the US July Core PCE Price Index Annual Rate will be released at 20:30 tonight Beijing time, while the final value of the University of Michigan Consumer Confidence Index for August will be released at 22:00.

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Ethereum's on-chain transaction volume exceeded $325 billion in August, the highest level since May 2021.

According to The Block, the Ethereum network's monthly on-chain transaction volume exceeded $320 billion in August, the highest level since May 2021 and the third-highest monthly transfer volume on record.

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JUST IN: 🇺🇸 US Bitcoin ETFs bought 1,620 BTC yesterday vs only 450 mined 🔥

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🗞 August 29 2025 cryptocurrency news highlights

【Cryptocurrency】
Dogecoin (DOGE) 5% Crash Spark Whale Rotation to Trending Crypto Mutuum Finance (MUTM)🐶

【Economy】
Announcement: U.S. Core PCE Price Index YoY for July and U.S. University of Michigan Consumer Sentiment Index Final Value for August will be released tonight

【Indicators】
Ethereum's on-chain transaction volume exceeded $325 billion in August, the highest level since May 2021.

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Bitcoin Drops to Lowest Since July 8 as Bearish Pressure Intensifies 📉

Bitcoin slid to its lowest level since July 8, sparking over $530 million in liquidations—largely driven by whale offloading at the Wall Street open. Despite a bullish RSI divergence suggesting a possible rebound, BTC risks falling toward $108,000 if bearish momentum persists.

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Bitcoin briefly dropped below $108,000, with a 24-hour decrease of 3.75%.💰

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High-profile ETH to BTC Whale has sold 2000 BTC and purchased 49,850 ETH in the past 12 hours.🔥

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JAN3, AQUA & BTCPay Server launch the SamRock Protocol, letting merchants accept Bitcoin, Liquid 🌊 & Lightning ⚡️ while keeping full self-custody.

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Ethereum rebounded through $4,400 in a short time, and is now quoted at $4,396

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A cumulative net inflow of $440.8 billion in U.S. Bitcoin spot ETF this week, including:

Bleyard IBIT: + $247.9 million
Fidelity FBTC: + $33.5 million
Bitwise BITB: + $46.2 million
ARK ARKB: + $78.6 million
Jingshun BTCO: + $6.7 million
Franklin EZBC: + $6.5 million
VanEck HODL: + $1.2 million
Wtree BTCW: + $2.3 million
Grayscale GBTC: - $15.3 million
Grayscale Mini BTC: + $24.2 million

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Tether scraps plan to freeze USDT on five blockchains

Tether has scrapped plans to end USDT on Omni, Bitcoin Cash SLP, Kusama, EOS and Algorand, allowing it to continue in a limited capacity.

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