What Happened In Crypto Market Today: FTX Payouts, US Stablecoin Act

The global cryptocurrency market cap reached $4.13 trillion, with a dip of 1.8% in the last 24 hours. Total trading volume in the past day stands at $131 billion. Bitcoin leads at 55.8% dominance, followed by Ethereum at 13.1%, while 18,846 cryptocurrencies are tracked now, showcasing the industry’s massive scale.

Major Crypto Market Events Today

Source: Forex Factory

24 Hour Crypto Market Update

Bitcoin price is currently at $115,721, down 1.4% in the last 24 hours. The market cap stood at $2.3 trillion, and the trading volume was $33.4 billion, dominating 55.8% of the overall cryptocurrency market.y

Top 5 trending crypto coins: Aster crypto (ASTER) is the top trending coin with a 38.9% gain to $0.8912 with $649 million in trading volume. Trust Wallet (TWT) gained 20.5% to $1.14, supported by a strong $444 million trading activity in the last 24 hours. Undeads Games (UDS) up 2.6% to $1.66 on a $908K volume.

Top 3 gainers: In the last 24 hours, Hypurr Fun (HFUN) surged 96.3% to $52.55 with a $6.6M trading volume. Tutorial (TUT) jumped 75.2% to $0.1191 on a $117 million trading volume. Tradoor (TRADOOR) climbed 42.9% to $2.95, backed by a $113 million trading volume.

Top 3 Losers: Mavryk Network MVRK, declined 37.5% to $0.1513 with a trading volume of $134 million. MYX Finance MYX dropped 18.6% to $11.57 with $204 million traded. Useless Coin USELESS down 17.9% to $0.2011 with TV of $41 million.

The Decentralized Finance (DeFi) market cap currently stands at $174 billion, representing a 2.2% increase over the past 24 hours. With a trading volume of $9.56 billion, DeFi continues to hold a 4.2% dominance over the global crypto market.

The market capitalization of Stablecoins today is $296 billion, showing no change over the last 24 hours, with $92 billion in trading volume .

Fear and Greed Index Today

Source: Alternative Me

The Bitcoin fear and greed index today stood at Neutral (48), the same as yesterday, last week, and last month. However, the level of Neutral differs. This shows investors' sentiments are clear, with some fluctuations in the crypto market.

Latest Market News Today

1. Flora Growth Corp. (NASDAQ: FLGC) secured $401M PIPE financing led by Defi Development Corp., Hexstone Capital, and CSAPL. The firm will rebrand as ZeroStack, adopt $0G as its reserve asset, and hold Solana in treasury. 0G Co-Founder Michael Heinrich becomes Executive Chairman, with closing expected September 26, 2025.

2. FTX will begin its third bankruptcy distribution on Sept. 30, paying $1.6 billion to creditors. Payouts will be made on both convenience and non-convenience classes, with previous rounds paying out 120% of balances in November 2022. Creditors will be paid through Bitgo, Kraken, or Payoneer in days with the support of recovered money of up to $15B.

3. X revealed a bribery system whereby suspended accounts related to crypto job scams and manipulation attempted to bribe employees through middlemen to access the accounts again. Linked to platforms like Instagram, TikTok, YouTube, Minecraft, and Roblox, and tied to criminal groups including “The Com,” the perpetrators face legal action as X supports authorities.

4. The GENIUS Act, which is the very first federal regulation of stablecoins in the U.S., has begun to be implemented by the U.S. Treasury. The legislation demands that the stablecoins be backed by liquid assets completely and be regulated by strict compliance regulations. It has a period of public comments until October 20, 2025, and is concerned with AML and regulatory standards.

5. Crypto custody company, BitGo, IPO filing revealed that the revenue increased to 4.19 billion in H1 2025, almost four times more than the previous year, and profit was 12.6 million. Founded in 2013 and valued at $1.75 billion in 2023, BitGo plans an NYSE listing under ticker BTGO, led by Goldman Sachs and Citigroup.

6. The central bank of India gives hints of a change due to AI-based gold loans, which pose a threat to conventional banking. In the meantime, XRP becomes a known future world currency. The BXE Token is created, which contributes to the institution's tokenization and decentralized media. With a capped supply of 500M, analysts suggest BXE could surge to $19–24. DYOR/NFA.

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