XPIN Network Soars 135% Overnight, Outshining Bitcoin and Ethereum in Latest Market Update

 

Crypto Market Update: Bitcoin Dips, XRP ETF Filing, and Trump Tariff Tensions Shape Today’s Trading

The global cryptocurrency market continues to experience heightened volatility as traders digest new economic data, geopolitical tensions, and major institutional moves. Bitcoin’s decline, fresh XRP ETF filings, and the latest developments surrounding former President Donald Trump’s tariff proposals have all contributed to an uncertain market sentiment today.

According to CoinMarketCap data, the total global crypto market capitalization stands at $3.78 trillion, reflecting a 1.8% decline over the past 24 hours. Meanwhile, daily trading volume climbed to $221 billion, showing that investors are actively rotating funds amid the market turbulence.

Bitcoin remains the clear leader with a 57.3% dominance, while Ethereum maintains 12.5% of the market share. As of today, the number of listed cryptocurrencies has reached 19,259, showcasing the continued growth and diversification of the digital asset industry.

Source: Forex Factory

Bitcoin and Ethereum: Modest Declines Amid Broader Market Weakness

Bitcoin (BTC) continues to face downward pressure, currently trading at $108,802, down 1.5% in the last 24 hours. Despite the pullback, Bitcoin’s market capitalization remains robust at $2.16 trillion, supported by an impressive $84.2 billion in daily trading volume. Analysts suggest that BTC’s recent dip may be temporary as traders await further macroeconomic clarity, especially regarding upcoming Federal Reserve policy decisions.

Ethereum (ETH) has also dipped 1.5%, now priced at $3,925, with a $473 billion market cap and $44.3 billion in 24-hour trading volume. The leading smart contract platform remains a hub for decentralized finance (DeFi) and NFT activity, although gas fees have slightly increased due to on-chain congestion this week.

Top Trending Cryptocurrencies: XPIN Network Leads the Surge

Several altcoins have outperformed the broader market despite the downturn. XPIN Network (XPIN) has emerged as the top gainer of the day, soaring 134.4% to $0.002789, backed by $164 million in trading volume. Market analysts attribute this surge to the network’s new staking rewards update and listing buzz across mid-tier exchanges.

Other trending coins include ChainOpera AI (COAI), up 21% to $19.91, riding the wave of renewed interest in AI-integrated blockchain solutions. Meanwhile, Aster (ASTER) slipped 1.6% to $1.27, while Bless (BLESS) plummeted 50.3%, and Pax Gold (PAXG) gained 2.9%, reflecting investors’ rotation toward gold-backed digital assets during market uncertainty.

Biggest Gainers and Losers: Market Sees Sharp Divergence

Among the top gainers, XPIN Network (XPIN) continues to dominate with a 135.4% rally to $0.002802, reflecting significant inflows from speculative traders. BNB Attestation Service (BAS) gained 73.2% to $0.1383, driven by Binance ecosystem expansion updates. Meanwhile, Boundless (ZKC) advanced 56.2%, trading at $0.2823, after reports of successful mainnet upgrades.

However, not all tokens shared the same fortune. Paparazzi Token (PAPARAZZI) plummeted 52.8% to $0.01142, as whale addresses offloaded holdings. Bless (BLESS) continued its steep drop of 50.3%, and Adrena (ADX) lost 27.3%, signaling caution among retail investors chasing short-term gains.

Stablecoins and DeFi Market Update

The stablecoin market remains steady with a total capitalization of $312 billion, showing 0.2% growth in the last 24 hours. Trading volume reached $168 billion, indicating strong liquidity and ongoing institutional adoption of stable assets amid uncertainty in riskier crypto holdings.

Source: Alternative Me

Meanwhile, the DeFi sector recorded a slight contraction, with the market cap falling 2.1% to $139 billion. Daily trading volume in DeFi protocols sits around $10 billion, representing 3.7% of the total crypto market activity. Analysts suggest this dip may be linked to capital rotation toward yield-generating stablecoins as investors brace for potential regulatory developments.

Fear and Greed Index: Market Turns to Extreme Fear

The Crypto Fear and Greed Index dropped sharply to 22 (Extreme Fear) from 28 (Fear) yesterday. A week ago, the market sentiment hovered at 64 (Greed), while a month ago, it stood at 53 (Neutral). The steep decline highlights growing investor anxiety fueled by macroeconomic uncertainty, profit-taking behavior, and recent token crashes.

Market strategists cite multiple factors behind the sentiment shift — including the renewed Trump-China tariff conflict, persistent inflation concerns, and increased volatility among lower-cap altcoins. These factors have pushed retail investors to liquidate holdings, while institutions have turned more defensive, waiting for clearer signals from U.S. regulators and central banks.

Major Headlines Shaping Today’s Crypto Market

1. Florida Proposes a Strategic Bitcoin Reserve

In a landmark move, Florida has proposed the creation of a “Strategic Bitcoin Reserve” under House Bill 183, filed on October 15. The initiative would allow the state to allocate up to 10% of public and retirement funds into Bitcoin and other approved digital assets. If passed, Florida would become the first U.S. state to formally integrate Bitcoin into its fiscal management, mirroring El Salvador’s national adoption strategy. The plan aligns with emerging federal frameworks for digital asset reserves, potentially setting a precedent for other states.

2. SharpLink Raises $76.5 Million in Equity Offering

SharpLink ($SBET) announced a $76.5 million equity offering at $17 per share, representing a 12% premium over market value. The company also has the potential to raise an additional $79 million through a 90-day $17.50 premium contract. Proceeds will be used to bolster its Ethereum-based treasury, supporting long-term shareholder growth and enhancing liquidity in its Web3 gaming portfolio.

3. Ripple’s $1 Billion Acquisition of GTreasury

In a significant development for the payments sector, Ripple has confirmed a $1 billion acquisition of GTreasury, a global leader in corporate treasury management. The acquisition marks Ripple’s entry into the multi-trillion-dollar corporate finance ecosystem. By integrating blockchain-based liquidity with corporate cash flow systems, Ripple aims to streamline cross-border transactions and unlock idle capital. The deal is expected to close soon and represents Ripple’s third major acquisition in 2025.

4. SEC Commissioner Hester Peirce Highlights Tokenization Focus

At the Washington Privacy Summit, SEC Commissioner Hester Peirce emphasized that tokenization remains a top priority for the regulatory agency. Peirce noted that the SEC is developing new frameworks around token issuance, custody, and secondary trading, while collaborating with Congress to modernize digital asset laws. She also urged policymakers to strike a balance between innovation, financial privacy, and compliance, particularly amid ongoing debates around AML, KYC, and Bank Secrecy Act reforms.

5. VerifiedX Partners with Halborn for Security Audits

VerifiedX, a decentralized Layer-1 blockchain positioned as a “Bitcoin reliever chain,” announced a new partnership with cybersecurity firm Halborn. The collaboration aims to enhance network resilience through full-stack audits covering consensus mechanisms, validator services, and cybersecurity protocols. The partnership will also include continuous community-driven bug bounties, ensuring long-term transparency and safety for developers and users.

6. Trump’s Fundraising Dinner Draws Tech Giants

In political news, former U.S. President Donald Trump reportedly hosted a White House fundraising dinner to support his $250 million, 90,000-square-foot banquet hall project. The event was attended by executives from Gemini, Coinbase, Ripple, Meta, Google, Amazon, and Microsoft, among others. The dinner underscores growing ties between U.S. politics and the cryptocurrency sector, as major players align with potential 2026 policy reforms and trade adjustments.

7. CoinShares Files for a Spot XRP ETF

In a major institutional move, CoinShares has filed for a spot XRP ETF on Nasdaq, following Ripple’s partial legal victory in 2023 that clarified XRP’s status as a non-security for retail trading. The proposed ETF would join a growing lineup of digital asset products, aiming to replicate Bitcoin’s successful $60 billion ETF inflows. Despite the milestone, XRP’s price slipped 4% today, as investors await SEC approval amid broader market volatility.

Outlook: Market at a Crossroads

As the crypto market navigates regulatory uncertainties, political shifts, and new institutional investments, volatility is expected to remain high through Q4 2025. Traders are advised to monitor macroeconomic data, especially inflation updates and global trade policies, which are likely to impact liquidity and risk appetite.

While fear currently dominates sentiment, analysts suggest that market corrections often present opportunities for long-term investors. The coming weeks could determine whether Bitcoin reclaims bullish momentum or if the market continues its cautious consolidation phase. 

Writer @Ellena

Erlin is an experienced crypto writer who loves to explore the intersection of blockchain technology and financial markets. She regularly provides insights into the latest trends and innovations in the digital currency space.

 

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