Binance Market Update: August 18, 2025

The global cryptocurrency market cap has reached $4.02 trillion, increasing by 1.00% in the last 24 hours according to CoinMarketCap data. Bitcoin (BTC) traded between $114,650 and $118,575 over the past day. Currently, it’s trading at $114,681, down by -3.10%. Notably, most major cryptocurrencies are currently experiencing price declines. Notable outperformers include BIO, API3, and TST, which have seen increases of 17%, 9%, and 7% respectively. Binance announces several updates regarding its services: ending support for Neo Legacy Network deposits and withdrawals; expanding spot trading with new USDC pairs and bot services; and supporting Fusionist (ACE) Network upgrade and hard fork. The market witnessed a range of significant events today: Binance to End Support for Neo Legacy Network Deposits and Withdrawals, Binance Expands Spot Trading With New USDC Pairs and Trading Bots Services, Binance to Support Fusionist (ACE) Network Upgrade and Hard Fork. Bitcoin News: Bitcoin Price Could Retest $112K Support, Says Matrixport, Tokenized Assets Under Management Reach Record $270 Billion, ETF Institute’s Nate Geraci: BofA Survey Finds Near-Zero Crypto Exposure Among Fund Managers, ETF Store President: BTC & ETH Treasury Stocks Are “Crypto Derivatives” With Unique Risks. Bitwise: ETH Unstaking Surge May Amplify Selling Pressure. CITIC Securities: U.S. Rate-Cut Speculation on Hold Pending Powell’s Jackson Hole Speech. Hong Kong Expert: Ethereum applications entering a new phase, DeFi to boost startup financing. Metaplanet Stock Slides 33% Despite Bitcoin Accumulation. Powell to Deliver Economic Outlook & Framework Review on Aug. 22. Mechanism Capital’s Andrew Kang Warns of $5B ETH Liquidations, Jackson Hole Symposium Highlights Fed’s Potential Policy Shift. Crypto News Today: Volatility Vanishes Across Markets Ahead of Powell’s Jackson Hole Speech, Ethereum Spot ETFs Experience Record Inflows Amid Market Dynamics. Ethereum Holdings Remain Profitable Despite Recent Price Decline. Spot Gold Surpasses $3350 per Ounce with Daily Increase, China’s Finance Ministry Initiates Measures to Boost Government Bond Market. Bitcoin Market Share Declines Amid Rising Crypto Market Value. Federal Reserve’s September Rate Decision Likely to See Cut, Binance Alpha Launches WILD Trading Competition, Users to Share $1.2M Worth of Rewards. Market movers: ETH -4.75%, XRP – 5.65%, BNB -3.73% SOL – 6.34%. Top gainers on Binance: BIO/USDT (+17%), API3/USDT (+9%), TST/USDT (+7%). #DOGE #XRP #ACE #BTC #ETF #BNB #ETH #USDC