08/28/2025 | Summary of notable crypto news in the past 24 hours!

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🚨 Last Night's Crypto Market Recap — Quick Update! 👇

1⃣ BTC & ETH are trading sideways, while $SOL is showing strength. The market is in a volatile accumulation phase. Be patient.

2⃣ $HYPE hits a new All-Time-High (ATH) of $51, after Hyperliquid announced: 99% of revenue will be used to buy back Token. This is a powerful move — and yes, the contract trading frenzy is really happening.

3⃣ X is exploding. Bitlayer's Token $BTR halved in value after its launch, now trading at $0.08 with a market Capital of under $80 million. Venture capitalists (VCs) are mourning.

4⃣ $JUP on Solana remains at $0.5, with a brief spike following the launch of the lending feature. Stablecoin lending rates (USDC, USDT) are currently hovering around 12%.

5⃣ $BIO saw another “liquidation spike” — a long candle that liquidated short positions before falling back to $0.17. Its launchpad Token , $AUBRAI, now has a market Capital of $20 million.

6⃣ $NMR Up 300% in 2 Days! Why? JPMorgan is said to have bet $500 million on Numerai.

7⃣ Bitmine now holds 1.7M $ETH — the top ETH reserve. SharpLink holds 797.7K $ETH, up 121% this month. Ethereum Foundation ranks 4th. Bitmine's ETH reserves are up 202% in the last 30 days.

8⃣ AAVE Labs launches “Horizon”, a new real-world collateral (RWA) lending marketplace on Ethereum. Institutions can now borrow stablecoins using real-world assets as collateral.

🔟 Tom Lee predicts ETH will hit $60K in the next 5 years, with the possibility of doubling this year.

🔟1⃣ AI market outlook:
$BTC Holding key support at $110K–112K, whales are trading with heavy leverage.
Outlook $ETH is mixed, but ETF Capital support the uptrend.
$SOL Overall still strong but may be overbought in the short term.
🚨 Tip: Be flexible. Take short-term swings with controlled risk.

Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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