Bitget Daily Digest（October 17）｜Grayscale XRP Spot ETF Ruling Imminent; SEC to Rule on 16 Major Crypto ETFs;
Today's Preview
1. The final decision deadline for the Grayscale XRP Spot ETF is October 18, 2025, which may influence market expectations for XRP.
2. The Canadian Bitcoin Conference 2025 will conclude in Montreal on October 18, 2025, focusing on Bitcoin community values and technology.
3. The Crypto Invest Summit 2025 will be held in Berlin on October 17, 2025, serving as a major focus for Web3 investors.
Macro Hot Topics
- Federal Reserve Governor Michael Barr warns that the rapid expansion of stablecoins could pose risks to financial stability.
- Ripple acquires GTreasury for $1 billion, making a move into the enterprise treasury management sector.
- The Financial Stability Board (FSB) warns of “significant gaps” in global crypto regulation.
- GITEX Global, a major technology exhibition, will conclude in Dubai on October 17, with a focus on the digital economy and blockchain innovation.
Market Updates
1. BTC/ETH experienced mild short-term fluctuations; In the past 4 hours, liquidations totaled approximately $26.01 million, with long positions being the majority.
2. All three major U.S. stock indices closed lower: Dow Jones down 0.65%, Nasdaq down 0.47%, and SP 500 down 0.63%.
3. According to the Bitget liquidation map, BTC currently sits at 108,697 USDT, with significant long liquidations near 107,448. Breaching this level may trigger another round of declines.
4. Over the past 24 hours, BTC spot inflows totaled $253 million, outflows totaled $237 million, resulting in a net inflow of $16 million.
5. In the past 24 hours, contract trading of BTC, ETH, USDT, BNB, XRP, and other tokens saw a net outflow, indicating potential trading opportunities.
News Updates
1. U.S. SEC Chairman Paul Atkins stated that cryptocurrencies and tokenization are top regulatory priorities, with plans to introduce an innovative exemption mechanism.
2. The SEC will rule on 16 mainstream crypto ETFs in October 2025, involving SOL, LTC, DOGE, XRP, and more.
3. The U.S. Department of Justice and UK authorities have seized 127,000 Bitcoins from a Cambodian transnational criminal group, valued at $15 billion.
4. Ant Group has officially launched Jovay, an Ethereum Layer 2 blockchain, targeting a TPS of 100,000 and focusing on real-world asset tokenization.
Project Developments
1. SUI has partnered with Figure Technology Solutions to enhance on-chain liquidity and integrate SUI as collateral for lending.
2. Erebor has obtained a preliminary banking license from OOC, enabling digital asset custody and fiat-crypto exchange services.
3. Peaq and Dubai VARA have partnered to establish an on-chain framework for robot and machine regulation.
4. Volatility Shares has filed for 5x leveraged ETFs for Bitcoin, Ethereum, and XRP.
5. Sui TVL has surpassed $2.6 billion, growing more than tenfold in two years.
6. The total supply of stablecoins on Solana has reached a historic high of $17.48 billion.
7. The first creator token has launched on Base App, with Web3Nikki becoming the first on-chain creator.
8. Farcana has rebranded to FAR Labs, building an AI-driven multi-ecosystem, with the $FAR token bridging multiple domains.
9. Solana and South Korea’s Wavebridge have introduced the KRW stablecoin, with whale wallets accumulating over 4.2 million SOL.
Disclaimer: This report was generated by AI and human-verified for accuracy. It is not intended as investment advice.
