Daily Market Wrap | Aug. 21

2025-08-21 10:04:11

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Hot Topics

U.S. Commerce expanded steel and aluminum tariffs to over 400 products, effective immediately.

Rep. Angie Craig says Trump family’s crypto ventures block Democratic support for the Clarity Act, urging stronger conflict-of-interest provisions.

Market Updates

Altcoin prices and “alt season” search interest dropped sharply, with the CMC Altcoin Season Index at 41/100 and Bitcoin dominance at 58.98%.

Ye’s YZY memecoin on Solana surged 6,800% to a $3B market cap but fell to $1 amid insider trading concerns.

SoFi partnered with Lightspark to enable Bitcoin Lightning remittances, launching in 2025.

Kraken acquired Capitalise.ai to add no-code trading strategy tools to its Pro platform.

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