Weekly Recap: DeepSeek Shakes Markets, MOVE Token Surge, and More
This week in crypto: Trump Media takes another step into crypto finance, KuCoin faces a massive fine, FDIC leadership weighs in on crypto debanking, and more!
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DeepSeek AI Shakes Tech &Crypto Markets: DeepSeek’s cost-efficient AI model sends shockwaves through Big Tech and crypto markets, pushing Bitcoin under $100K before bouncing back.
MOVE Token Surges After Trump-Linked Purchase: A $2M purchase by Trump-linked World Liberty sends MOVE tokens up 20%, sparking speculation of insider trading ahead of key reports.
Trump Media Launches Truth.Fi: Trump Media unveils Truth.Fi, a new platform to integrate crypto and ETFs, with a significant investment push behind it.
FDIC’s Travis Hill Skeptical of Crypto Debanking Conspiracy: Acting FDIC Chair Travis Hill questions whether there was ever a real “Operation Choke Point 2.0”, despite ongoing concerns from the crypto industry.
Ai16z DAO Rebrands as ElizaOS Following a16z’s Request: The Ai16z DAO rebrands to ElizaOS after Andreessen Horowitz requests the change, amid growing momentum for AI in crypto.
Venice AI’s VVV Token Launches Amid Insider Trading Probe: Venice AI’s VVV token soars to a $1.6B FDV, but an insider trading probe quickly follows the launch.
Crypto ETF Filings Surge with Solana, Dogecoin, and Leveraged Funds: Major filings for Solana, Dogecoin, and leveraged crypto ETFs hit the SEC, pushing the boundaries of approval.
Czech Central Bank Governor Proposes Bitcoin as a Reserve Asset: The Czech National Bank could be the first Western central bank to allocate part of its reserves to Bitcoin—if the proposal is approved.
French Authorities Expand Binance Fraud Investigation: French prosecutors widen their investigation into Binance over money laundering and tax fraud, adding more legal pressure to the exchange.
KuCoin Pleads Guilty, Agrees to $297M Settlement and U.S. Exit: KuCoin settles with the DOJ for nearly $300M and agrees to leave the U.S. market for two years after operating an unlicensed money transmitting business.
Fun Bits: Gary Gensler Trades Crypto Crackdowns for AI Algorithms: Former SEC Chair Gary Gensler swaps crypto regulation for AI research at MIT, proving even regulators need a career change.

bitcoin #ethereum #crypto #cryptocurrencies

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