What Happened in Crypto Market Today: PancakeSwap Hack, SEC New Laws

The global cryptocurrency market cap stands at $4.28 trillion, dropped 2.2%% in 24 hours, with $234 billion in trading volume. Bitcoin dominates at 56.9%, followed by Ethereum at 12.6%. Currently, Launchpad and the XRP ecosystem are the leading cryptocurrencies in the Industry.

Major Crypto Market Events Today

Source: Forex Factory

24 Hour Crypto Market Update

Bitcoin (BTC) trades at $121,932, experiencing a sharp decline of 2.4%. The cryptocurrency has a trading volume of $77.4 billion and a market cap of $2.4 trillion, reflecting strong investor confidence.

Top 5 trending crypto coins:

• Undeads Games (UDS) is at $1.9, surges 60.1%, with a trading volume of $1.8M.

• Aster (ASTER) has a price of $2.07, down by 2.6%, with a trading volume of $1.3B.

• 4 (4) is priced at $0.1969, rose 13.4%, with a trading volume of $141M

• PancakeSwap (CAKE) is trading at $4.33, up by 13.6%, with a trading volume of $1.1B.

• BNB (BNB) is priced at $1310.74, rising 7.3%, with a trading volume of $10B.

Top 3 Crypto Gainers Today:

• Undeads Games (UDS) surged 59.9% today, priced at $1.90, with a TV of $1.8M.

• Doodles (DOOD) rose 49.8%, trading at $0.01048, with a TV of $362M.

• EGL1 (EGL1) increased 50%, priced at $0.05132, and a TV of $27M

Top crypto Losers today

• KGeN (KGEN) falls 49.5%, now trading at $0.2799 with a total TV of about $45M.

• MetaDAO (META) has dropped 38.1%, currently priced at $3.72 with a TV of approximately $9.3M.

• Real (REAL) fell 23.8%, trading at $0.06559 with a TV of around $2.3M.

The DeFi market cap stands at $168 billion, with a 4.4% downward trend in 24 hours, with a trading volume of $11.9 billion, reflecting 3.9% dominance in the global crypto Sphere.

The stablecoins market currently holds a $309 billion market cap, reflecting a 0.3% positive change in the last 24 hours, with a total trading volume of $181 billion.

Fear and Greed Index Today

Source: Alternative Me

The Fear and Greed Index today signifies 60, less greedy than yesterday (70). However, last week’s and last month’s traders were strongly inclined to be more cautious. Today’s index shows optimistic dots on the chart, signifying risk-taking investors moving toward slight cautiousness.

Latest Market News Today

SEC's Innovation Exemption Laws: U.S. SEC Chairman Paul Atkins announced that the agency will begin rulemaking for the “Innovation Exemption” by late 2025 or early 2026 to boost digital asset growth. Speaking in New York, Atkins said that despite delays from the US government shutdown, supporting crypto innovation and advancing the GENIUS Act remain top SEC priorities.

PancakeSwap Hack News: PancakeSwap has confirmed that its Chinese X account, @PancakeSwapzh, has been compromised. The team has urged users not to click on any recent links or engage with suspicious posts. Investigations are underway to regain control, and official updates will be shared exclusively via PancakeSwap’s main account, @PancakeSwap.

Token2049 Singapore Event Latest Update: At Token2049 Singapore , OKX founder Star Xu declared that finance is shifting from institutional control to user self-custody. Highlighting on-chain transparency, regulation, and high-speed networks, he said all assets—from crypto to RWAs—will move on-chain. Xu concluded, “The future of finance lies in your crypto wallet, not in vaults.”

US Government Shutdown 2025: The White House mocked Democrats for allegedly causing the October 2025 government shutdown to fund healthcare for undocumented immigrants, sharing a satirical video with sombreros over the Capitol. However, fact-checks by NPR and NBC confirm the dispute involves existing emergency Medicaid requirements, not new benefits, amid broader budget disagreements.

NVIDIA and Elon Musk's xAI News: NVIDIA has invested $2 billion in Elon Musk’s xAI as part of a $20 billion funding round aimed at purchasing NVIDIA GPUs for xAI’s Colossus 2 supercomputer. The deal, blending equity, debt, and hardware commitments, strengthens xAI’s AI infrastructure and hints at broader synergies between AI and blockchain technologies.

S&P Digital Market 50 Index News: S&P has introduced the Digital Markets 50 Index, offering diversified exposure to leading cryptocurrencies, Barron’s reports. The index is part of S&P’s broader Cryptocurrency Indices, which track major assets like Bitcoin, Ethereum, Cardano, Chainlink, Aave, Polkadot, Solana, and XRP, aiming to enhance transparency and credibility in the digital asset market.

Disclaimer: Coingabbar provides informational content on cryptocurrencies, NFTs, and other decentralised assets. This is not financial advice. Users, please DYOR, understand the risks, and consult financial professionals before investing. CoinGabbar is not responsible for any financial losses. Crypto and NFTs are highly volatile—invest wisely.