Key Takeaways
- The Federal Reserve is ending its specialized "novel activities supervision program," integrating oversight of banks' crypto and fintech operations into its standard supervisory process, a move seen as potentially bullish for the crypto industry.
- OpenAI's ChatGPT mobile app has reached a significant financial milestone, generating $2 billion in revenue to date, with $1.35 billion of that earned in 2025 alone, reflecting a 673% year-over-year increase.
- The Atlanta Fed's GDPNow model maintains its Q3 2025 growth forecast at a steady 2.5%, signaling a stable economic environment and supporting the narrative of a "soft landing."
- U.S. President Donald Trump issued a stern warning ahead of his high-stakes meeting with Russian President Vladimir Putin, stating he "would walk" if the discussions do not proceed favorably.
- Robusta coffee prices are experiencing a notable surge, with a weekly increase of approximately 12%, the largest since June 2010, driven by supply constraints from key producing nations.
The Federal Reserve Board announced today it is sunsetting its "novel activities supervision program," a dedicated initiative launched in 2023 to scrutinize banks' engagement in emerging areas like crypto-asset and fintech activities. The central bank stated it has "strengthened its understanding" of these activities and their associated risks, allowing for their integration into the normal supervisory process. This strategic shift is widely interpreted as a loosening of crypto regulations and could be a bullish development for the digital asset industry, aligning with President Donald Trump's recent executive order aimed at reducing "unfair crypto debanking." The Fed's decision also involves withdrawing previous supervisory letters and joint statements with the Federal Deposit Insurance Corporation (FDIC) and the Office of the Comptroller of the Currency (OCC) concerning crypto-asset and dollar token activities.
In the technology sector, OpenAI's ChatGPT mobile application has achieved a remarkable financial milestone, accumulating $2 billion in revenue since its launch in May 2023. This impressive figure includes $1.35 billion generated in 2025 alone, marking a substantial 673% year-over-year increase. The app's success underscores the growing consumer adoption of artificial intelligence tools, averaging $2.91 per install.
On the economic front, the Federal Reserve Bank of Atlanta's GDPNow model continues to project a 2.5% growth rate for the third quarter of 2025. This forecast has remained unchanged since August 5, suggesting a stable and resilient U.S. economy. This steady outlook challenges prior expectations of an economic slowdown and could contribute to reduced market volatility, especially given recent data showing the July 2025 Consumer Price Index cooling to 2.8% and a healthy addition of 190,000 new jobs in July.
Geopolitical developments are also drawing market attention as U.S. President Donald Trump prepares for a critical meeting with Russian President Vladimir Putin in Alaska. Ahead of the high-stakes discussions, President Trump conveyed a firm stance to Fox News (FOXA, FOX), stating, "I would walk" if the meeting does not go well. He further warned of "very severe consequences" should a ceasefire deal in Ukraine not be reached, indicating his intent to quickly assess President Putin's seriousness in the initial moments of their talks.
Meanwhile, the commodities market is seeing a significant upward trend in Robusta coffee prices. The commodity is expected to rise this week, experiencing its largest weekly increase since June 2010, with futures prices briefly surging by 1.5% and a weekly gain of approximately 12%. This surge is primarily attributed to supply problems in major growing countries, notably Vietnam, the world's largest Robusta producer, which is currently entering its off-season, leading to constrained output.

Ed Liston is a senior contributing editor at TheStockMarketWatch.com. An active market watcher and investor, Ed guides an independent team of experienced analysts and writes for multiple stock trader publications.