Weekly Crypto News- Week 7

Bitcoin at $97,182!

The Fear & Greed Index is at 54 – Neutral, reflecting a market in balance as major regulatory and institutional developments unfold.

 

Donald Trump Nominates Former Bitfury Executive to Lead US Banking Regulator

Jonathan Gould, a former crypto executive at Bitfury, has been nominated to lead the Office of the Comptroller of the Currency (OCC)—the primary US banking regulator.

  • Gould’s nomination signals a pro-crypto stance from Trump’s administration.
  • As a former BlackRock director and legal expert in crypto and fintech, Gould is expected to push for fair banking access for crypto firms.
  • The OCC oversees major US banks, including JPMorgan Chase and Bank of America.
  • Gould has previously criticized Operation Chokepoint 2.0, a policy accused of discriminating against crypto businesses.
  • Trump’s administration is also considering merging the FDIC with the Treasury to streamline financial regulations.

 

This move follows other pro-crypto nominations by Trump, including Brian Quintenz (CFTC) and John Hurley (Treasury).

 

OpenSea Teases New Token “SEA” as Part of Platform Revamp

OpenSea, the largest NFT marketplace, is preparing to launch its own token (SEA), marking a strategic shift in response to recent industry changes.

  • OpenSea aims to reward historical users, not just recent activity.
  • The token launch aligns with OpenSea’s OS2 update, which aims to revitalize the platform by undoing restrictive measures from previous years.
  • CEO Devin Finzer admitted that OpenSea had “become too corporate” and is now pivoting back to user-driven innovation.

 

This follows the PENGU token launch by Pudgy Penguins, which initially reached $3.5 billion in market cap before settling at $620 million.

 

GPT-5 Coming in Months – OpenAI CEO Confirms

Sam Altman, CEO of OpenAI, has confirmed that GPT-5 will be released within months, bringing significant AI advancements.

  • GPT-4.5 (Orion) will be the last model before GPT-5 and is set for release in the coming weeks.
  • GPT-5 will combine OpenAI’s best tools into a unified system, improving reasoning, speed, and accuracy.
  • Free users will have access to GPT-5, but with limitations based on abuse thresholds.

 

This comes as AI competition intensifies, with companies like DeepSeek and Google’s Gemini 2.0 accelerating their AI strategies.

 

XRP ETF Approval Odds Surge to 81%

The probability of a US XRP ETF approval in 2025 has jumped to 81%, according to Polymarket, following SEC confirmation of a filing by Grayscale.

  • The SEC must decide within 240 days, but under Trump’s new leadership, approval could come much sooner.
  • Analysts suggest the SEC is shifting towards a pro-crypto stance, as seen with Bitwise’s crypto fund approval in under 90 days.
  • However, an XRP ETF may be delayed until the Ripple vs. SEC lawsuit is resolved.

 

The crypto community is increasingly optimistic, with 45% betting on ETF approval by Q3 2025.

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