Crypto markets resumed their upward trend on Aug. 25, with the Layer 2 sector (scaling networks built on blockchains) rising 3.02% over 24 hours, according to SoSoValue data. Polygon’s POL gained 8.50%, Stacks rose 4.76% and Mantle advanced 2.82%. Bitcoin climbed 3.22% and touched $80,000 intraday, while Ethereum rose 2.38% and again moved above $2,500. The gains came amid expectations that Bessent may deploy nearly $1 trillion from the Treasury General Account, or TGA (the U.S. government’s main cash account), to buy bonds, alongside the United States expanding economic sanctions on Iran.