Latest Crypto Market Update Oct 17: XPIN Network Skyrockets 135%

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Overall Crypto Market Update:  

  • The global Cryptocurrency market cap has surged to $3.78 trillion, decreasing by 1.8% in the last 24 hours. 

  • Daily trading volume reached $221 billion. 

  • Bitcoin leads with 57.3% dominance, while Ethereum holds 12.5%. 

  • Total cryptocurrencies tracked till now are 19259.

  • Wallets and the XRP Ledger Ecosystem are currently among the largest gainers in the industry.

Major Crypto  Events Today

Major Crypto Market Events Today

Source: Forex Factory

24 Hour Crypto Market Update

Bitcoin (BTC) and Ethereum (ETH) Price:

  • Bitcoin is currently priced at $108802, representing a 1.5% decrease in the past 24 hours. With $84.2 billion in trading volume and a $2.16 trillion market cap, BTC continues to dominate cryptocurrency globally.

  • Ethereum trades at $ 3,925, dipping 1.5% in the last 24 hours, with a $473 billion market cap and $44.3 billion in trading volume, making it the leading smart contract platform in terms of ETH dominance.

Top 5 Trending Coins:

  • XPIN Network (XPIN) at $0.002789, Skyrocket 134.4% with trading volume $164 million. 

  • Aster (ASTER) at $1.27, down 1.6% with TV $1.2 billion.

  • ChainOpera AI (COAI) at $19.91, surged 21% with TV $168 million

  • Bless (BLESS) at $0.09827 declined 50.3% with TV $184 million.

  • Pax Gold (PAXG) at $4,381.89, up 2.9% with TV $1.38 billion.

Top 3 Gainers:

  • XPIN Network (XPIN) jumps 135.4%, with a price reaching $0.002802 and a TV of $164M.

  • BNB Attestation Service (BAS) rises 73.2%, now priced at $0.1383 with TV $93M.

  • Boundless (ZKC) surges 56.2%, trading at $0.2823 with a TVL of $174M.

Top 3 Losers:

  • Paparazzi Token (PAPARAZZI) drops 52.8%, trading at $0.01142 today with volume $482K.

  • Bless (BLESS) at $0.09827 declined 50.3% with TV $184 million.

  • Adrena (ADX) falls 27.3% at the current price $0.03731 with TV $544K.

Stablecoins and Defi Update:

  • Stablecoins hold a market cap of $312 billion with $168 billion in trading volume, representing 0.2% growth.  

  • The DeFi market cap stands at $139 billion, down 2.1% in the last 24 hours, with a trading volume of $10 billion. DeFi dominance remains at 3.7%.

Fear and Greed Index Today

Fear and Greed Index Today

Source: Alternative Me

The Crypto fear and greed index stands at Fear (22), degraded then yesterday’s fear (28). However, Last week, sentiment was strong with Greed at 64, and last month it was Neutral at 53. 

This shows high worry among investors, where they often panic-sell cryptos. The trend is taking a downturn with extreme fear 22 due to many reasons floating in the world. Recent fall led by crypto crash, price drop, panic selling, political influence, Trump-China Tariff war, and high volatility among Shit projects could be counted a strong reasons. 

Latest Market News Today

Florida BTC Reverve: Florida has become the first to propose a “Strategic Bitcoin Reserve” in the 2026 legislative session. House Bill 183, filed October 15, allows up to 10% of public and retirement funds to be invested in Bitcoin and digital assets, aligning with a federal reserve framework.

Sharelink Equity Offering: SharpLink ($SBET) secured $76.5M through an equity offering at $17 per share, a 12% premium, with potential for $79M more via a unique 90-day $17.50 contract at a 19% premium. Funds will boost ETH per share, expanding its Ethereum treasury and strengthening long-term shareholder value.

Ripple GTreasury for $1B: Ripple announced a $1B acquisition of GTreasury, a global treasury leader, to integrate blockchain payments with corporate finance. The deal expands Ripple into the multi-trillion-dollar treasury market, enabling instant cross-border payments and idle capital activation. Expected to close soon, it marks Ripple’s third major 2025 acquisition.

SEC’s Focus on Tokenization: At the Washington Privacy Summit, SEC Commissioner Hester Peirce highlighted tokenization as a major agency focus, stressing rules for token issuance, transactions, and custody while working with Congress on digital asset laws. Amid a government shutdown stalling progress, she urged safeguarding financial privacy and rethinking AML, KYC, and Bank Secrecy frameworks.

VerifiedX Partners with Halborn for Security Audits: VerifiedX, a decentralized and deflationary Layer 1 designed as a Bitcoin reliever chain, has partnered with security firm Halborn to boost protocol safety. The deal includes full audits of consensus, validator services, and cybersecurity, with ongoing reviews and community bug bounty guidance for long-term resilience.

Trump Fundraising Dinner: Trump reportedly hosted a White House dinner to raise funds for a $250M, 90,000-square-foot banquet hall. Executives from Gemini, Coinbase, Ripple, Meta, Google, Amazon, Microsoft, and others attended, supporting the ambitious expansion project, FinanceFeeds revealed via Wu Says.

CoinShares File for XRP ETF: CoinShares has filed for a spot XRP ETF on Nasdaq, following Ripple’s 2023 court win clarifying XRP’s retail status. Despite signaling mainstream adoption like Bitcoin ETFs’ $60B inflows, XRP dipped 4% amid market volatility and pending SEC approval.

CoinGabbar’s Opinion

Given the current crypto scenario—market cap declining 1.8%, major coins like BTC and ETH down 1.5%, extreme fear sentiment (Fear 22), and high volatility in altcoins—investing now carries significant risk. While opportunities exist in top gainers or institutional moves, regulatory uncertainty suggests caution. Small investments or thinking long-term are better than putting in a lot of money all at once.

Disclaimer: Coingabbar provides informational content on cryptocurrencies, NFTs, and other decentralised assets. This is not financial advice. Users, please DYOR, understand the risks, and consult financial professionals before investing. CoinGabbar is not responsible for any financial losses. Crypto and NFTs are highly volatile—invest wisely.

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