Crypto Market Update Today: Trump Nominates CFTC, US Inflation Report

Overall Crypto Market Update:

• The global cryptocurrency market cap stands at $3.83 trillion, marking a 0.6% increase in the last 24 hours.

• Daily trading volume reached $142 billion.

• Bitcoin remains the leader with a 57.8% dominance, while Ethereum holds a 12.4% share.

• A total of 19,320 cryptocurrencies are currently being tracked.

• No Crypto Events Today

24 Hour Crypto Market Update

Bitcoin (BTC) and Ethereum (ETH) Price:

• Bitcoin is currently priced at $111214, representing a 0.8% rise in the past 24 hours. With $46 billion in trading volume and a $2.2 trillion market cap, BTC continues to dominate cryptocurrency globally.

• Ethereum trades at $3935.32, soars 1.9% in the last 24 hours, with a $475 billion market cap and $30 billion in trading volume.

Top 5 Trending Coins:

• Humanity (H) at $0.3361 soars 101.3% with trading volume $373M.

• Virtuals Protocol (VIRTUAL) at $1.01, up 28% with TV $484M

• Meteora (MET) at $0.5481, down 2.1% with TV $127M.

• Clanker (CLANKER) at $87.76 surges 119% with TV $123M.

• ChainOpera AI (COAI) at $21.31, rises 49.2% with TV $225M

Top 3 Gainers:

• BabyBoomToken (BBT) is Up 116.2%, trading at $0.26 with a $173k volume

• Clanker (CLANKER) gained 107.1%, priced at $84.01, and a $123 million volume

• Humanity (H) rose 96.5%, trading at $0.3346 with a $374 million volume.

Top 3 Losers:

• Figure Heloc (FIGR_HELOC) Price at $0.5045, Down 50% with Trading Volume $15M

• Apro (AT) dips 41.4% to $0.4126 with Trading Volume $130M

• 4 (4) Priced at $0.09514, Down 34% with Trading Volume: $55M

Stablecoins and Defi Update:

• Stablecoins hold a market cap of $312 billion with $105 billion in trading volume, representing a 0.1% positive change.

• The DeFi market cap stands at $141 billion, up 2.1% in the last 24 hours, with a trading volume of $7.5 billion. DeFi dominance remains at 3.7%.

Fear and Greed Index Today

Source: Alternative Me

The Bitcoin Fear and Greed Index is at 37 (Fear) today, up from 30 yesterday and 23 last week. This rise indicates slightly improved investor confidence. The shift from Extreme Fear reflects stabilizing industry conditions, modest buying activity, and reduced volatility, suggesting growing optimism after recent cryptocurrency's uncertainties.

Latest Market News Today

Trump Latest News: Former U.S. President Donald Trump plans to nominate Michael Selig as the next Chair of the Commodity Futures Trading Commission (CFTC). Selig currently serves as Chief Legal Counsel for the SEC’s Special Task Force on Crypto. His appointment will require formal nomination and Senate confirmation.

Tether and USD Stablecoin Launch Plan: Tether CEO Paolo Ardoino said the company expects around $15 billion in net profit this year with a 99% margin. Tether will launch a U.S. dollar stablecoin, USAT, in December 2025 under the GENIUS Act, aiming for 100 million U.S. users and investing in social and content platforms.

Binance Wallet Latest Launch: Binance Wallet has launched the x402 list, now available under the Market tab. Users can easily discover and trade the latest tokens. The x402 protocol, developed by Coinbase and others, enables smooth internet micropayments without needing accounts, API keys, or subscriptions, making online transactions faster and simpler.

US Inflation Report : US inflation eased in September, with CPI rising 3% year-on-year, slightly below the expected 3.1%. Core CPI also matched 3%, signaling cooling prices. Every month, CPI rose 0.3% and Core CPI rose 0.2%. The White House said no inflation data will be released next month, complicating the Fed’s December decision.

Binance ASTER Plans: Binance-backed ASTER, a rival to Hyperliquid, announced that 70–80% of its Season 3 fee revenue will be used to repurchase ASTER tokens. The exact figure will depend on market conditions and will be revealed after the season ends. Future Binance listing , airdrop, and buyback plans will be shared once finalized.

Uniswap Router Rebate Program: The Uniswap Foundation has granted up to $9 million to Brevis to create and manage a Router Rebate program. This initiative will offer gas rebates to DEX aggregators using Uniswap v4 hooked pools. Brevis’s ZK Data Coprocessor and Pico zkVM will ensure secure, trustless verification of all rebate calculations.

Coinbase Base Network Token Launch: JPMorgan’s latest report says Coinbase could earn big if it launches a Base network token. The token’s value may reach $12–34 billion, with Coinbase holding 40%, worth $4–12 billion. This could be its next major income source after making around $400 million yearly from USDC reserves.

CoinGabbar’s Opinion

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.