OpenAI to launch GPT-5 Trump may meet Putin in Saudi Arabia
Reprinted from jinse
02/13/2025·2MHeadlines
▌ OpenAI will launch GPT-5 in the next few months
OpenAI CEO Ultraman announced that OpenAI will launch a model called GPT-5 in the next few months, which will integrate a large number of OpenAI's technologies, including o3, and apply them to chatbot ChatGPT and API platforms. Therefore, OpenAI no longer plans to release o3 as a standalone model. According to Altman's post, OpenAI plans to release the GPT-4.5 model codenamed "Orion" in the next few weeks before the launch of GPT-5.
▌Trump : May meet with Putin in Saudi Arabia
US President Trump: He and Russian President Putin are expected to meet in Saudi Arabia. The meeting will involve the Saudi crown prince.
Quotes
As of press time, according to Coingecko data:
BTC's recent transaction price is US$97,548.43, with an intraday increase of +1.7% ;
ETH's latest transaction price is US$2,729.14, with an intraday increase of +4.6% ;
BNB's recent transaction price is US$697.83, with an intraday increase of +8.4% ;
SOL's latest transaction price is US$196.20, with an intraday increase and decline of -0.8% ;
DOGE's latest transaction price is US$0.2628, with an intraday increase and decrease of +3.9% ;
XPR's recent transaction price is US$2.46, with an intraday increase and decrease of +2.0 % .
policy
▌New York State Senator initiates a proposal to establish a state cryptocurrency and blockchain research team
New York Senator James Sanders Jr initiates a proposal to set up a New York State Cryptocurrency and Blockchain Research Working Group to provide the governor and the legislature with information on the widespread use of cryptocurrencies and other forms of digital currencies and their auxiliary systems, Including but not limited to blockchain technology.
▌ Cboe BZX submits an application for modification to the US SEC, allowing 21Shares Ethereum ETF to be pledged
Cboe BZX Exchange filed a Form 19b-4 filing, proposing to allow 21Shares Core Ethereum Exchange Trading Fund (ETF) to be pledged for further action by the Securities and Exchange Commission (SEC).
According to the contents of the document, the exchange plans to modify some of the provisions of Eth ETP Amendment No. 2 to allow pledges of Ethereum held by the trust. Bloomberg ETF analyst James Seyffart pointed out that this is the first ETF to submit an application to the SEC to allow pledges.
Last year, the SEC approved the 21Shares Core Ethereum ETF, and also the ETFs of institutions such as BlackRock and Fidelity. Previously, many companies removed the pledge terms from their registration statements before SEC approval. Under former SEC Chairman Gary Gensler, the SEC has stated that Proof of Stake (PoS) tokens belong to securities. However, under the Trump administration, the SEC is expected to take a more friendly stance on cryptocurrencies and has set up a crypto task force that plans to classify some of the tokens as "non-securities."
▌Federal Director Waller: Believe that stablecoin regulatory rules will be passed quickly
Federal Reserve Director Waller said payment suppliers do not necessarily have to be banking institutions. It is believed that the stablecoin regulatory rules will be passed quickly.
▌Trump chooses crypto-friendly person and former Bitfury executive Jonathan Gould to lead the Currency Supervision Agency
U.S. President Donald Trump has appointed former blockchain executive Jonathan Gould to lead the Office of the Supervisor of Currency (OCC). Gould served as Chief Legal Officer for Bitfury, and prior to that, he served as senior deputy auditor-general and chief legal counsel for the OCC, which oversees and oversees the National Bank and the Federal Savings Association.
Ron Hammond, senior director of government relations at the Blockchain Association, said Jonathan Gould will be in "the best position to start working immediately". Jonathan Gould may also follow the leadership of former Director of the Currency Supervision Agency Brian Brooks, who briefly served as CEO of Binance.US.
“In addition, his expertise in cryptocurrencies ensures that the U.S. Currency Complaint can engage with Congress as Congress begins legislation around stablecoins and market structures,” Hammond said.
▌U.S . SEC member Hester Peirce: Meme coins may not be regulated by SEC
In an interview with Bloomberg, US SEC committee member Hester Peirce said that many Meme tokens may not fall within the scope of the SEC's regulatory scope because current regulations do not explicitly classify them as securities. She noted that it would be their decision if Congress or the Commodity Futures Trading Commission (CFTC) wants to step in. Peirce believes that Meme tokens have no intrinsic value, more like the digital version of Beanie Babies or baseball cards. “If people are willing to buy tokens that lack long-term value, they are free to choose but should not be surprised by the price plunge,” she said.
Blockchain application
▌ io.net launches IO Intelligence platform, intending to combine 25 open source AI models including DeepSeek
Solana Eco-DePIN Protocol io.net announces the launch of the IO Intelligence platform, which combines Vector Database as a Service with up to five smart agents and 25 open source AI models including DeepSeek, Meta Llama and Mistral .
Cryptocurrency
▌Analysts : Investors should not be too optimistic about Goldman Sachs ' ETF holdings, which are only arbitrage trading and used for hedging
James Van Straten, senior analyst at CoinDesk, said Goldman Sachs sparked heated discussions on Twitter in the crypto space after it disclosed its holdings in a small number of spot Bitcoin ETFs in 13F documents, but the facts were not as expected.
First, these ETFs are not exactly a bet on the price of Bitcoin (BTC) in Goldman Sachs trading floor. The shares are almost certainly held by Goldman Sachs Asset Management, the bank’s asset management unit, for its clients.
Second, although the document (a snapshot of ownership as of December 31, 2024) shows that it holds $288 million in Fidelity Bitcoin ETF (FBTC) and $1.3 billion in BlackRock Bitcoin ETF (IBIT) but it also shows put options positions (as well as a small number of call options positions) with nominal value of more than $600 million.
James said: "This position at Goldman Sachs is similar to many other banks and hedge funds, not a net long position. It is a strategy that reflects the underlying transaction, also known as cash and arbitrage trading, balancing the potential profits of Bitcoin price fluctuations and Risk. ETFs recently received option approval, so this is likely a directional hedging.”
▌ Bitwise CIO: In the long run, altcoins may bring considerable returns
Matt Hougan, chief investment officer of Bitwise, said in a report to clients that there is an interesting dichotomy for institutional investors and retail investors in the cryptocurrency field: On the one hand, institutional investors’ sentiment towards cryptocurrencies is the most in history. Optimistic, and retail investors are in despair. Investment professionals now see cryptocurrencies as a field where institutional capital allocates at record amounts through ETFs; however, for retail investors, it's almost like living in another reality, Bitwise's own on-chain sentiment scores show It is currently one of the lowest readings ever.
Matt Hougan said he firmly believes institutions are right, and so far this year, ETFs and businesses have purchased more than 100,000 BTC, compared with 18,000 BTC mined. And in the long run, the allocation of altcoins is stronger than ever in history, but the situation of altcoins is more complicated. With the clarification of the regulatory agenda, the United States regards stablecoins as a "national priority" and the growing confidence in institutions The crypto industry is bound to push DeFi applications to the public, and its impact will be self-evident and unstoppable.
▌ HashFlare co-founder pleaded guilty, with fraud amount exceeding $550 million
Sergei Potapenko and Ivan Turogin, co-founders of crypto mining service HashFlare, pleaded guilty in the United States, pleaded guilty to conspiracy to commit telecommunications fraud. As part of the plea agreement, they agreed to waive all digital assets frozen by the U.S. HashFlare, which operates the two, defrauded more than $550 million of users between 2015 and 2019, and raised $25 million from investors in 2017 through a project of a fake digital bank, Polybius.
The two were arrested in Estonia in 2022 and extraditioned to the United States in May 2024. They faced 18 charges and finally pleaded guilty to one of them. A sentencing hearing is scheduled to be held on May 8 with a maximum sentence of 20 years in prison.
▌ Plume Network and Mercado Bitcoin will tokenize assets worth $40 million
RWA company Plume Network and Mercado Bitcoin have collaborated on a plan to tokenize the $40 million worth of Brazil’s “asset-backed securities, consumer credit, corporate debt and accounts receivable”, according to a statement.
Mercado Bitcoin plans to leverage Plume Network’s infrastructure and layer 1 blockchain to allow cryptocurrency exchanges to provide global customers with the opportunity to invest in Brazilian tokenized assets.
Plume Network has been actively increasing its real-world portfolio since raising $10 million in a seed round led by Haun Ventures last year, and the company has subsequently completed a $20 million Series A round, including Brevan Howard Digital, Galaxy Ventures and Haun Ventures are involved.
Important economic trends
Bank of America : If other countries fight back, U.S. tariffs will eventually weaken the dollar
Bank of America said that although US President Donald Trump's tariff policy initially boosted the dollar, it will eventually drag down the dollar. “The dollar may not like tariffs after all,” Athanasios Vamvakidis, head of G-10 foreign exchange strategy at the bank, said in a report on Wednesday. “If the U.S. imposes tariffs on the rest of the world and is subject to full retaliation, the dollar may weaken.”
▌The probability of the Federal Reserve keeping interest rates unchanged in March is 97.5%
According to CME's "Federal Observation", the probability of the Fed keeping interest rates unchanged in March is 97.5%, and the probability of cutting interest rates by 25 basis points is 2.5%. The probability of maintaining the current interest rate unchanged by May is 86.8%, the probability of a cumulative interest rate cut of 25 basis points is 12.9%, and the probability of a cumulative interest rate cut of 50 basis points is 0.3%.
▌Musk ' s X company agreed to pay $10 million to settle Trump's lawsuit
Musk's X Company (formerly Twitter) has agreed to pay about $10 million to settle Trump's lawsuit against the company and its former CEO, people familiar with the matter said. This will make X the second social media to reach a settlement with Trump.
Previously, these platforms suspended his account use due to Trump's riots in the "January 6" Capitol. Trump and other plaintiffs filed a lawsuit against Twitter and its CEO Jack Dorsey in 2021 (at that time, Twitter was not acquired by Musk). Musk unblocked Trump's Twitter account in November 2022. According to some people familiar with the matter, the Trump team had considered letting the lawsuit fade out, citing Musk's close ties to the president and that he spent $250 million on helping Trump's election. But in the end they decided to advance the settlement. A spokesperson for X Company did not respond.
Golden Encyclopedia
▌What is DeFAI?
DeFAI combines DeFi's decentralized financial ecosystem with artificial intelligence-driven analysis and automation. By the end of 2025, the market size of these solutions will soar from about $1 billion to $10 billion. DeFAI is still in its early stages, focusing mainly on momentum trading similar to memecoins, so there is still a lot of room for rapid development. DeFAI represents a turning point in the Crypto asset industry, combining the decentralized spirit of DeFi with the computing intelligence of artificial intelligence.
Disclaimer: As a blockchain information platform, the content of the articles published by Golden Finance is for information reference only and is not used as actual investment advice. Please establish the correct investment philosophy and be sure to improve your risk awareness.
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