Daily Market Wrap | Aug. 21

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.