What Happened In Crypto Market Today: Tether $20B Fund Plan, FTX News

The global cryptocurrency market cap stands at $3.98 trillion, marking a 0.3% rise in the past 24 hours. Daily trading volume reached $158 billion. Bitcoin leads with 56.3% dominance, followed by Ethereum at 12.7%. The total number of cryptocurrency tracks is 18,884, highlighting the sector’s massive scale and ongoing expansion.

Major Crypto Market Events Today

Source: Forex Factory

24 Hour Crypto Market Update

Bitcoin price today is 112,387 , with a slight 0.1% fall in the past 24 hours. It has a trading volume of $46.2 billion and a market capitalization of 2.23 trillion.

Top 5 Trending Coins Today:

• Aster (ASTER) – Priced at $2.09, up 38.9% in the last 24 hours, with a trading volume of $2.5 billion.

• Bless (BLESS) – Trading at $0.09191, surging 236.9%, supported by a trading volume of $186.6 million.

• Undeads Games (UDS) – Valued at $1.71, up 8.1%, with a trading volume of nearly $964,000.

• STBL (STBL) – Currently at $0.4787, gaining 39.2%, with a trading volume of $184.5 million.

• 0G (0G) – Priced at $5.61, rising 3%, with a trading volume of $1.87 billion.

Top 3 gainers: These gains highlight strong investor interest in smaller, emerging crypto assets.

• Bless (BLESS) surged 234% to $0.09 with $185.9 million in trading volume.

• Creditlink Token (CDL) rose 69% to $0.08, backed by $18.3 million in TV.

• PunkStrategy (PNKSTR) gained 68.9%, trading at $0.035 with $4 million TV.

Top 3 losers: These declines show shifting market sentiment across mid-cap tokens today.

• Jelly (JELLY) dropped 16% to $0.045 with $25.8 million in TV.

• Orderly (ORDER) fell 15.9% to $0.26, backed by $79.6 million in TV.

• Quack AI (Q) slipped 15.7% to $0.025, with $23.6 million traded.

Stablecoins hold a total market capitalization of $299 billion, with a 0.3% change in the last 24 hours. The trading volume for stablecoins reached $114.3 billion.

The Decentralized Finance (DeFi) market cap is at $164 billion, reflecting a 0.2% change in the last 24 hours. Daily trading volume in DeFi stands at $13.4 billion. DeFi currently represents 4.1% of the global crypto market.

Fear and Greed Index Today

Source: Alternative Me

The Bitcoin Fear & Greed Index shows a score of 44 today, indicating “Fear.” Yesterday, it was slightly lower at 43. A week ago, the market was “Neutral” at 53, and last month also “Neutral” at 47. This highlights a shift from neutral sentiment to growing investor caution.

Latest Market News Today

Tether $20B Fundraising Plans: The issuer of the USDT stablecoin, Tether, is allegedly seeking to raise between $15B- $20B, which would represent a 3% equity stake, and the company is worth up to half a trillion dollars, according to Bloomberg. The charity is in the initial phase, and Cantor Fitzgerald is serving as the lead adviser for the possible deal.

CFTC Chair Stablecoins Plans: Acting CFTC Chair Caroline D. Pham has unveiled a plan to allow stablecoins as tokenized collateral in U.S. derivatives markets for the first time. The initiative was developed based on the February 2025 Crypto CEO Forum and aims to get the general opinion of the community on valuation, custody, settlement, and rule amendments, submissions of which are due by October 20.

SEC Permits for Grayscale ETH ETF Changes: With Rule 8.201-E, Grayscale Ethereum Trust ETF and Grayscale Ethereum Mini Trust ETF have been permitted to transition into non-generic to generic listing standards by the SEC as a result of the rule change submitted by NYSE Arca on September 19, 2025. This makes the two ETFs tradeable without individual approval.

Binance CZ on YZiLabs: Binance founder CZ denied a Financial Times report claiming his $10B firm YZiLabs seeks outside investors, plans a public fund, and met with SEC’s Paul Atkins. CZ called it false, stressing YZiLabs never raised funds, pitched investors, or spun out of Binance. He criticized FT’s “negative narrative” and misleading coverage.

FTX Trust Sues Genesis for $1.15B: Bitcoin miner, Genesis Digital Assets, and its co-founders have been sued by the FTX Recovery Trust , who claim to have misused $1.15 billion of their funds, which were allegedly misused by Sam Bankman-Fried. Brought in the bankruptcy court of Delaware, the suit alleges that the money of FTX customers was invested at an overvalued price, which made the founders of Genesis wealthier and left the creditors with losses following the fall of FTX in 2022.

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