Top cryptocurrency news on August 25: Major stories on Bitcoin, NFTs, investments

Major cryptocurrencies are trading in the red, with Bitcoin falling more than 2 percent. The global cryptocurrency market capitalisation is currently $2.06 trillion, a 3.13 percent decline in the past 24 hours. Bitcoin has fallen more than 2 percent, but has still gained nearly 7 percent in the past week. Ethereum is trading more than 3 percent lower, but is up more than 5 percent during the week. Read full here.

Hollywood hot-shots like Russell Simmons, Snoop Dogg, and Mila Kunis are throwing their hats in the NFT space with collections like Masterminds of Hip-Hop and Stoner Cats. Even media houses like Disney, Discovery, and HBO have collaborated with Marvel and DC artists for their superhero collections. Kunal Kamble, an entrepreneur and a software developer, who goes by the name of Crypto Sauga, breaks down the world of NFTs and arts for us. Read more here.

Liquid, a Japanese cryptocurrency exchange said on August 19  some of its digital currency wallets had been “compromised” and the hackers had transferred their assets to four different wallets. The exchange said in a tweet it was investigating the matter and would provide regular updates. In the meantime, all deposits and withdrawals will be suspended. While Liquid did not provide any details on the extent of the damage blockchain analytics company Elliptic valued the worth of cryptocurrencies stolen at around $97 million. Read details here.

Altcoins or digital tokens other than market leaders Bitcoin and ethereum are in rage these days, as investors seek to diversify their cryptocurrency allocations and venture into new waters. And while this might be a fleeting, and almost touch-and-go phase the world witnesses, there’s no denying that there is a certain evergreen-ish quality about some things, be it stock fundamentals, books, movies, or movies more likely and importantly, music. Here's how to balance your asset allocation between risky and stable investments. See full here.