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The past week in crypto proved once again that this market doesn’t do “quiet.” From the Fed dismantling its special crypto watchtower to Bitcoin smashing new all-time highs, from Trump-linked billions fueling a token treasury to exchanges lighting up Wall Street. Web3 is shaping headlines that TradFi can’t look away from.
The Fed has officially wrapped up its “Novel Activities Program” basically the “special cage” where banks working with crypto and fintech were kept under extra scrutiny. Going forward, these activities fall under standard supervision. Translation: regulators no longer see crypto as an “exception,” but as part of the system.
Bitcoin ripped to a fresh ATH above $124K. The push came from expectations of Fed policy easing, heavy institutional inflows, and fresh hype around 401(k) plans and ETFs. At one point, BTC’s market cap even overtook Google, making it a top-5 global asset. Now the chatter has already moved on, $200K by the end of 2025 is the new headline target.
World Liberty Financial, a Trump-linked venture, announced a $1.5B treasury move to back its WLFI token. The play: scoop up 200M shares of ALT5 Sigma, giving investors WLFI exposure through a Nasdaq-listed stock instead of direct token holding. At the same time, Eric Trump and co-founder Zach Witkoff are taking board seats at ALT5. Think MicroStrategy but with a political edge and a heap of conflict-of-interest questions.
Bullish stormed onto the NYSE with an IPO priced at $37 per share, raising $1.1B. Now trading at about $92.6, the exchange is valued at ~$11B. The message is clear: institutions are hungry for crypto exchanges again. Meanwhile, Gemini has filed for a Nasdaq listing on the back of Bullish’s explosive debut.
Monero took a hit as mining pool Qubic grabbed control of over half the network’s hash rate, rewrote six blocks, and wiped dozens of transactions. In response, Kraken froze XMR deposits “until further notice,” while keeping trading and withdrawals open. Privacy coin reality check: decentralization promises, recurring attacks delivered.
🧲 From regulators easing their grip to institutions piling back into exchanges, from political dynasties experimenting with token treasuries to privacy coins under siege, crypto isn’t sitting on the sidelines anymore. It’s rewriting the playbook in real time. The real question isn’t whether momentum is back, it’s who’s actually steering it.
