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A well-received financial update adds more momentum to this rising stock.

Frustrated with growing economic hardships, Nigerians are planning nationwide protests this week against the country’s worst cost-of-living crisis in a generation. The government of Nigerian President Bola Tinubu says it is determined to prevent such a scenario in a country that has long been a top African oil producer but whose citizens are among the world’s poorest. Nigeria's population of over 210 million people — the continent's largest — is also among the hungriest in the world and its government has struggled to create jobs.

The crypto-Trump trade appears to be softening.

The Federal Reserve is expected to leave interest rates unchanged at the end of a two-day policy meeting on Wednesday, but also indicate that a reduction in borrowing costs could come as soon as September. Contracts tied to the U.S. central bank's policy rate show investors are convinced a rate cut will happen at the Sept. 17-18 meeting, with the only disagreement over whether the Fed will begin easing policy with a quarter-percentage-point reduction, as most expect, or a more aggressive half-percentage-point cut, according to CME Group's FedWatch tool. The Fed has kept its policy rate in the 5.25%-5.50% range for the past year.

From Solana surging 16% to Hamster Kombat announcing a milestone, here is a 2-minute breakdown of everything important that happened in crypto today.