[LIVE] Crypto News Today, August 28 – Bitcoin Holds Above $112K as Treehouse (TREE) and Numeraire (NMR) Crypto Surge with Double-Digit Gains: Next Crypto To Explode?
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Finally, Bitcoin’s price remains stable above $112K as altcoins Numeraire (NMR) and Treehouse (TREE) crypto post strong double-digit gains. But they are not the only ones. Several altcoins are showing strength despite the fear and greed index staying in a neutral range. Not to forget the explosion of CRO after Trump Media announced its investment plan. Could this be a sign that money is rotating toward altcoins? What could be the next crypto to explode?
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NMR, TRE, and CRO Are Stealing the Spotlight Right Now – What Could Be the Next Crypto to Explode?
Let’s talk about the winners of the past couple of days. Numeraire (NMR) has shown significant momentum in recent days. Launched in 2017, the AI-driven token surged more than 150% within 48 hours, breaking multi-week resistance levels and recording high trading activity across major exchanges. At press time, NMR is up 43% in 24 hours, trading at $21.36 and reversing months of weakness. While still down 33% year-to-date, it has gained 37% in the past week, placing it among the strongest performers.
The sharp rise in NMR followed news that JPMorgan Asset Management invested in its decentralized hedge fund, securing $500 million in capacity.
EXPLORE: Dolomite Crypto Soars After Binance Listing: Linked To Trump?
Alongside NMR, CRO has also drawn attention. Trump Media & Technology Group confirmed a $105 million purchase of CRO tokens through a new partnership with Crypto.com. This treasury-style investment pushed CRO up 56% in the past 24 hours with $2 billion in trading volume, although the token remains 50% below its previous all-time high.
Meanwhile, Upbit, South Korea’s largest crypto exchange, has listed Treehouse (TREE) with KRW, BTC, and USDT pairs. Treehouse is a decentralized fixed income protocol introducing tAssets, yield-optimized staking tokens, and Decentralized Offered Rates (DOR), a benchmark system unifying on-chain interest rates. The TREE token powers governance, staking, and rewards.
TREE crypto is currently up 45%, trading at $0.45, but still 28% below the $0.65 peak reached after the listing announcement.
JUST IN: $TREE (@TreehouseFi) pumped 77.4% in the past hour after @Official_Upbit announced its listing. pic.twitter.com/RV8oaf6iUb
— CoinGecko (@coingecko) August 28, 2025
Bitcoin continues to trade firmly above $113K, with ETF inflows supporting its resilience. The leading cryptocurrency holds a $2.21 trillion market capitalization and a daily trading volume of nearly $40 billion, signaling ongoing accumulation despite broader market uncertainty.
Curious about the other big stories in crypto? Stay tuned to our real-time updates below.
American Bitcoin, a mining firm owned by two of former U.S. President Donald Trump’s sons, has secured support from both crypto and traditional investors to pursue an all-stock merger. The deal, set to be finalized soon, involves a merger with Gryphon Digital Mining (GRYP.O) and is expected to pave the way for a Nasdaq listing in early September. According to Asher Genoot, CEO of Hut 8 (HUT.O), which holds 80% of American Bitcoin, the move will position the company for broader market exposure and institutional investment. Jupiter and Raydium are stealing the spotlight as Solana meme coins heat up this September, with liquidity battling, new launches, and institutional money driving the crypto market into overdrive. Bitcoin is now seeing heavy capital rotation into smaller caps like Ethereum and Solana, a shift that could set the stage for the next big altcoin season. With meme coins already pumping and liquidity flowing into Solana, the stage looks set for a retail-driven frenzy through September. Is Bitcoin and institutions setting the stage for Altcoin season: What does Jupiter and Raydium say?American Bitcoin, Owned by Donald Trump’s Sons, to Merge with Gryphon Digital Mining and Target Nasdaq Listing
Jupiter and Raydium Heat Up: Are Solana Meme Coins Set For a Hot September?
The post [LIVE] Crypto News Today, August 28 – Bitcoin Holds Above $112K as Treehouse (TREE) and Numeraire (NMR) Crypto Surge with Double-Digit Gains: Next Crypto To Explode? appeared first on 99Bitcoins.
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