NEWS DIGEST – 26.08.2025 🚀
1) BTC loses key support as liquidations spike; ETH/SOL hold up better
📉 Bitcoin slipped below its 100-day MA, extending a multi-day drawdown. Over $900M in long positions were liquidated as the selloff accelerated, while ETH, SOL, XRP showed relative resilience.
Why it matters: The technical break plus leverage flush suggests fragile risk appetite; watch ETH/BTC for rotation and spot ETF flows for the next catalyst.
Sources: CoinDesk (100-DMA/market color, liquidations), Barron’s (broad slump & rotation).
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2) Options market braces: $14.6B BTC & ETH expiry skewed to downside protection
🛡️ Deribit open interest into this week’s $14.6B options expiry shows heavy demand for BTC puts versus calls.
Why it matters: A pronounced put bias usually reflects hedging for further downside or a volatility event—expect choppy price action into and after expiry.
Source: CoinDesk.
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3) Macro shock: Trump moves against Fed governor; dollar wobbles—crypto sensitive
🏛️ President Donald Trump said he fired Fed Governor Lisa Cook, rattling FX and rates; the dollar fell initially before stabilizing as markets reassessed earlier rate-cut odds.
Why it matters: Perceived pressure on Fed independence increases macro uncertainty—often risk-on for crypto if the dollar weakens, but policy instability can also lift volatility.
Sources: Reuters (FX/bonds reaction & context), FT overview.
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4) SEC opens public comment on a Staked Injective (INJ) ETF
📄 The SEC posted Cboe BZX’s filing to list the Canary Staked INJ ETF and opened a 21-day comment period (with a rebuttal window to follow). Related S-1 filings for Canary products are live on EDGAR.
Why it matters: A staking-enabled ETF would push on-chain yields into TradFi wrappers—if approved, it could set a template for other “staked-asset” funds.
Primary sources: SEC “What’s New” page; Cboe BZX rule filing; EDGAR (S-1). Coverage: CMC Academy.
