What Happened in Crypto Today: Will the Crypto Market Continue to Rise?

By / / Crypto News, Daily News
What Happened in Crypto Today: Will the Crypto Market Continue to Rise?
Table Of Contents
  1. Crypto Market Snapshot
  2. Grayscale’s XRP ETF Sparks Market Excitement
  3. SEC Introduces CETU to Strengthen Crypto Security
  4. Pi Coin Plummets 98% After Mainnet Launch Chaos
  5. Litecoin ETF Gains Traction with DTCC Listing
  6. Former WeChain Manager Jailed for $5.7M Crypto Fraud
  7. Market Sentiment: Fear & Greed Index
  8. Final Thoughts

Crypto Market Snapshot

The global cryptocurrency market cap has climbed to $3.23 trillion, reflecting a 0.69% increase in the last 24 hours. Meanwhile, total market trading volume surged by 16.71%, reaching $96.03 billion.

Decentralized Finance (DeFi) transactions contributed $7.47 billion, making up 7.78% of total activity. Stablecoins continue to dominate, accounting for $91.64 billion, or 95.43% of the daily trading volume.

Grayscale’s XRP ETF Sparks Market Excitement

Grayscale’s application for an XRP ETF has officially enteredq the SEC review phase, with a decision expected by October 18, 2025. Investors are buzzing with anticipation, and data from Polymarket suggests an 81% probability of approval.

If given the green light, an XRP ETF would make investing in the cryptocurrency easier through traditional stock exchanges. This could serve as a major catalyst for XRP’s price, marking a significant milestone for both the XRP community and institutional adoption.

SEC Introduces CETU to Strengthen Crypto Security

In a bid to tackle cyber-related fraud, the U.S. Securities and Exchange Commission (SEC) has unveiled the Cyber and Emerging Technologies Unit (CETU). This unit replaces the Crypto Assets and Cyber Unit and is headed by Laura D’Allaird, leading a team of 30 legal and fraud specialists.

With the rise in crypto-related scams in 2025, CETU aims to protect retail investors while ensuring technological innovation remains unhindered. The unit’s focus is on maintaining market integrity, addressing cybersecurity threats, and fostering trust in blockchain technology.

Pi Coin Plummets 98% After Mainnet Launch Chaos

What was supposed to be a landmark event for Pi Coin has turned into a nightmare for investors. Following its highly anticipated mainnet launch on February 20, 2025, Pi Coin nosedived by 98%, crashing from its peak of $33.742.

Speculative trading, market manipulation, and fake Pi Coin listings on decentralized exchanges (DEXs) exacerbated the sell-off, leaving many investors trapped. Uncertainty surrounding official exchange listings, particularly on platforms like Binance, has fueled speculation about a potential pump-and-dump scheme.

Litecoin ETF Gains Traction with DTCC Listing

Momentum is building around a potentialq Litecoin ETF after Canary’s Litecoin ETF (LTCC) was spotted on the DTCC platform. This has fueled optimism for imminent regulatory approval, following in the footsteps of Bitcoin ETFs.

While the listing doesn’t guarantee approval, Bloomberg’s senior ETF analyst Eric Balchunas estimates a 90% likelihood of approval in 2025—higher than the current odds for Solana and XRP ETFs. If approved, analysts predict Litecoin (LTC) could rally to $200 and beyond in the coming months.

Former WeChain Manager Jailed for $5.7M Crypto Fraud

A high-profile crypto fraud case has rockedJ Singapore, where ex-WeChain payroll manager Ho Kai Xin was sentenced to nearly 10 years in prison for embezzling $5.7 million from Bybit.

Ho manipulated payroll documents to inflate salaries, funneling $4.2 million into her crypto wallets. She later converted the funds to fiat currency and splurged on luxury purchases, including a Mercedes-Benz, Louis Vuitton bags, and a $750,000 penthouse deposit. Convicted of 44 charges, including fraud and money laundering, Ho’s case highlights the persistent risks in crypto finance.

Market Sentiment: Fear & Greed Index

Today’s Crypto Fear & Greed Index sits at 55, signaling Greed. This is an improvement from yesterday’s Neutral (49) and last week’s Neutral (48). However, the index remains below last month’s Extreme Greed (84) level, indicating that while optimism is growing, investors are proceeding with caution.

Final Thoughts

With XRP ETF anticipation, regulatory shifts, and evolving market sentiment, the crypto landscape is undergoing significant changes. Whether the current uptrend continues depends on regulatory decisions, macroeconomic conditions, and investor confidence. As always, staying informed is key to navigating the dynamic world of digital assets.

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