Cryptocurrency news digest: October 17, 2025
The cryptocurrency market today is buzzing with notable movements and strategic shifts that are set to influence the future of digital assets. Here’s a snapshot of the most compelling news and trends:
Major market movements
- Bitcoin: Bitcoin’s price has plummeted below $110,000, signalling significant outflows from spot BTC ETFs. This decline comes as Bitcoin’s traditional safe-haven status faces competition from gold, which has reached all-time highs.
- Ethereum: Currently, Ethereum’s price is hovering near the $3,500 mark. Despite a surge in ETF inflows, its price trajectory appears stagnant, hinting at a potential correction ahead.
- Solana: Solana’s price remains precariously balanced around $180 amidst ongoing market uncertainty. The coin has also seen its first options trades, suggesting heightened interest and the likelihood of increased volatility.
Regulatory and strategic developments
- Newsmax and Trump Crypto: Newsmax has made headlines by becoming the first major organisation to incorporate Trump-associated cryptocurrencies into its treasury, marking a significant commitment to the digital currency landscape.
- Japan’s stablecoin initiative: Leading banks in Japan are joining forces to launch the nation’s inaugural yen-pegged stablecoin. This move is expected to enhance the adoption of digital currencies across the country.
- France’s scrutiny on Binance: French regulators have urged Binance to enhance its compliance measures, underscoring the intensifying oversight of significant crypto exchanges by global regulatory bodies.
Sectoral updates
- Stablecoin growth: The supply of Ethereum-based stablecoins has surged to a record high, now exceeding $162 billion, indicating robust demand for stable digital currencies.
- Ripple’s acquisition: Ripple has announced a $1 billion acquisition of a treasury management firm, marking an important expansion in its foothold within the financial sector.
Market outlook
The Fear & Greed Index has plummeted to levels reflecting extreme fear, revealing widespread anxiety among market participants. However, several smaller tokens, such as ZORA, have experienced significant price rallies ahead of upcoming listings, suggesting pockets of growth may be available in niche areas.
- Ghana’s upcoming crypto regulations: Ghana is preparing to introduce cryptocurrency regulations by the close of 2025, opening new avenues for investment in emerging markets.
The cryptocurrency market is currently navigating a landscape characterised by volatility and strategic growth, presenting both challenges and opportunities for investors and traders alike.
