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The cryptocurrency market has seen significant activity in recent days, with major coins such as Bitcoin, Ethereum, and XRP experiencing double-digit weekly gains. Bitcoin briefly surged past $75,000, driven by derivatives, before retreating. The broader crypto market has also been lifted, with the CoinDesk 20 Index up 5%. Meanwhile, regulatory developments and industry news have also made headlines, including the SEC seeking comment on crypto handling in OTC broker-dealer rules and the DeFi Education Fund withdrawing its lawsuit against the SEC.

Markets

Major cryptocurrencies have seen significant gains, with Bitcoin testing $75,000 ahead of the Fed decision, according to CoinDesk. Ethereum and XRP have also seen substantial increases, with XRP flipping BNB as open interest builds back toward pre-crash levels, as reported by CoinDesk. US Bitcoin ETFs have also seen a 6-day inflow streak, with $767 million in inflows, according to CoinTelegraph.

Regulation

The SEC has sought comment on crypto handling in OTC broker-dealer rules, as reported by CoinTelegraph. The DeFi Education Fund has also withdrawn its lawsuit against the SEC, citing a shift in the crypto landscape, according to CoinTelegraph. Additionally, the SEC is exploring the handling of crypto in OTC broker-dealer rules, as part of its ongoing efforts to regulate the industry.

Industry News

In other news, OpenSea has postponed the launch of its SEA token, citing challenging conditions, as reported by CoinTelegraph. Messari’s new CEO is also doubling down on AI, as the firm cuts staff, according to CoinTelegraph. AI-linked crypto tokens have also surged, following Nvidia CEO Jensen Huang’s comments on the future of agentic AI, as reported by CoinDesk.

Sources: CoinDesk, CoinTelegraph

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