Crypto News Today (Live): Real-Time Updates on October 17, 2025

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.