Crypto News Today (Live): Real-Time Updates on October 17, 2025 : Bitcoin Price, XRP ETF News,ETH/USD

Switzerland’s gambling regulator, GESPA, has filed a criminal complaint against FIFA’s World Cup NFT platform, FIFA Collect, alleging it operates unlicensed gambling services. The platform reportedly hosts NFT-based competitions that require monetary stakes and offer cash prizes, making them chance-driven activities classified as lotteries or sports betting under Swiss law. The case raises questions about the legality of blockchain-based gaming and NFT reward models in regulated markets like Switzerland.

YZi Labs has announced the second season of its incubation program, EASY Residency, designed to foster global collaboration among entrepreneurs in Web3, AI, and Biotech. The eight-week initiative will explore cutting-edge areas including stablecoins and payments, Web3 creator tools, agentic AI, and gene therapy. By connecting innovators across disciplines, YZi Labs aims to accelerate real-world applications and cross-industry partnerships, pushing forward the next generation of decentralized and intelligent technologies.

Bitcoin broke below its trendline again, entering what appears to be free-fall, with minimal recovery so far. Analysts highlight key liquidity sweep levels at $102K and $98.2K as potential bullish opportunities. However, a daily close below $98.2K would trigger a CHOCH/MSS, marking the first structural shift since October 2023 and signaling a possible end to the bull market. The recent sell-off was fueled by BOJ hints on interest rate hikes, echoing August 2024’s sharp BTC drop.

Bitcoin doesn’t just move the market through price, its open interest (OI) also plays a subtle but powerful role. Data shows BTC OI is negatively correlated with the bid-ask ratio of other coins: when BTC OI rises, orderbook imbalance in altcoins falls; when BTC OI drops, altcoin imbalances rise. Traders can analyze correlations across any two metrics, uncovering patterns that reveal how the “king” influences the market in ways beyond simple price movements.

Bitcoin broke the $106,000 level and plunged sharply, putting the next support at $99,523 in focus. Analysts warn that reaching this level could trigger heightened market chaos. Traders are advised to avoid “catching the falling knife” and let the price stabilize before attempting to buy lower. Those who acted prematurely risked losses, turning missed timing into missed funds. Patience remains key as the market digests these sudden downward moves.

Bitcoin briefly rested at $107.5K but slipped lower as funding surged, signaling strong long positioning below $110K. While funding hadn’t reset, the downward pressure persisted, incentivizing price dips. Positively, funding finally dropped at $105K, falling below the “longing-friendly” threshold of 0.003. The macro uptrend remains intact, yet caution is warranted: a break on daily or weekly charts could signal a shift. Traders should watch key support levels closely during these delicate days ahead.

Bitcoin faces short-term pressure as the $109,700 support level fails to hold. Analysts now focus on $103,400 as the next key level to defend. Market watchers warn that liquidity below the recent wick could be targeted, increasing the probability of downward movement. As the saying goes, “wicks like to be eaten,” suggesting traders should stay alert for potential quick dips before the next rebound.

Ripple has announced the acquisition of treasury management leader GTreasury, merging enterprise crypto solutions with over 40 years of GTreasury expertise. The move immediately opens the multi-trillion-dollar corporate treasury market, offering companies new ways to manage capital. With this integration, CFOs and treasurers can now unlock idle capital and transfer funds instantly, enhancing efficiency for some of the world’s largest brands. Ripple’s expansion into traditional finance through GTreasury marks a major step in bridging digital assets and corporate treasury operations.

The crypto market today dropped nearly 3%, with the total cap falling to $3.6 trillion, after traders anticipated tariff news from President Trump, which didn’t materialize. Bitcoin fell 1.9% to $108,830, struggling after last week’s flash crash erased nearly $500 billion and triggered a $16 billion liquidation. Market sentiment remains weak amid U.S.-China trade tensions, credit risk worries, and a stalled U.S. government. Meanwhile, Ripple Labs is reportedly raising $1 billion to stockpile XRP, but the token fell 3.7% to $2.3385, staying near an 11-month low, reflecting cautious investor sentiment.

XRP isn’t aiming to replace gold; it’s designed to liquefy it. When gold is tokenized, it remains a static store of value useful for holding wealth but still limited in transfer, liquidity, and settlement. This is where XRP steps in. By acting as a bridge for transfers, XRP enables tokenized gold to move seamlessly across borders and platforms, unlocking liquidity and turning a traditionally illiquid asset into a fully functional, transferable resource.

The gold market capitalization has surged past $30 trillion for the first time ever, underscoring its enduring dominance as a store of value. In comparison, Bitcoin’s market cap remains at $2.1 trillion, highlighting the massive gap between digital and traditional assets. Crypto enthusiasts are taking note: if you’re not bullish on Bitcoin yet, the numbers suggest it still has significant room to grow in the race for digital gold status

On October 16 (ET), the crypto ETF market faced significant withdrawals, signaling a dip in investor confidence. Spot Bitcoin ETFs recorded a massive total net outflow of $536 million, with none of the twelve funds posting inflows. Meanwhile, spot Ethereum ETFs also saw red, logging $56.88 million in total net outflows. The only exception was BlackRock’s ETHA, which managed to attract a modest net inflow. The synchronized outflows across both Bitcoin and Ethereum ETFs suggest a broader market cooldown, as traders take profits amid rising volatility and uncertainty over the next market move.

After reports surfaced that “the first DAT company, QMMM,” allegedly ran off with investor funds, Binance founder Changpeng Zhao (CZ) weighed in on the controversy. In a post on X, CZ urged all Digital Asset Treasury (DAT) firms to adopt stricter safeguards, including using third-party crypto custodians and allowing investor-audited account setups. CZ emphasized that such transparency measures should be mandatory for all BNB DAT investments by YZi Labs, marking a push for greater accountability in the fast-growing DAT sector. The move follows mounting investor concerns over unregulated projects mishandling funds amid the industry’s ongoing expansion.