Cryptocurrency Market Cap Dips Below $4 Trillion as Altcoin Market Cap Sees a 3.58% Intraday Drop

On August 25th, as per prnewswire, the U.S.-listed company Sharps Technology, Inc. (STSS) announced that it is conducting a $400 million financing. This financing will support the company's digital asset treasury strategy, which is based on holding SOL, the native asset of the Solana blockchain. The investors include ParaFi, Pantera, Monarq, FalconX, Phoenix Capital, Bastion Trading, RockawayX, Syncracy, Borderless, Republic Digital, Arche Capital, CoinFund, Arrington Capital, Quantstamp, CoinList Alpha, Primitive Ventures, Avenir, Hypersphere, and others. The newly appointed Chief Investment Officer and Director, Alice Zhang, stated: "Solana has set a new standard for digital infrastructure. It provides a high-throughput, low-cost, and real-time settlement layer for various asset classes such as blue-chip stocks, bonds, and private equity assets. With its vision of 'building a globally unified tradable asset market' continuously gaining institutional support, the global adoption of t

On August 25th, based on HTX market data, Bitcoin has fallen below $111,000 and is currently trading at $110,959, with a 24-hour decrease of 3.26%.

On August 25th, based on HTX market data, Ethereum briefly fell below $4,600 and is currently trading at $4,606, experiencing a 24-hour loss of 3.3%.

On August 25th, based on market data, at the opening of the U.S. stock market, the Dow dropped by 0.19%, the S&P 500 decreased by 0.15%, and the Nasdaq fell by 0.14%. Cryptocurrency stocks witnessed across-the-board declines, such as: Coinbase (COIN) declined by 2.91%. Circle (CRCL) fell by 2.62%. MicroStrategy (MSTR) dropped by 4.04%. Bullish (BLSH) decreased by 5.31%. Bitmine (BMNR) fell by 4.47%. BTCS (BTCS) declined by 5.91%. SharpLink Gaming (SBET) fell by 5.79%. BNB Network Company (BNC) dropped by 6.00%. ALT5 Sigma (ALTS) fell by 1.52%.

On August 25th, based on HTX market data, Ethereum experienced a rebound and broke through $4650. It is currently priced at $4661, showing a 3% increase from the daily low of $4519.

On August 25th, based on the disclosed data, the total monthly trading volume of spot and perpetual contracts on the Hyperliquid platform in May and June has exceeded that of Robinhood during the same period.