SEC Chair Paul Atkins is urging crypto companies to return to the US as regulations become more favorable. Treasury Secretary Scott Bessent also encourages companies to start, launch, and hire within the country. With the introduction of “Project Crypto,” the SEC aims to rewrite rules for digital assets to promote innovation and clarity in the industry.
Deloitte’s Q2 2025 survey reveals that 99% of CFOs at billion-dollar firms plan to use cryptocurrency long term, with 23% expecting to use it within the next two years. Concerns about price volatility, accounting complexity, and regulatory uncertainty remain key barriers to adoption among finance chiefs.
The UK’s FCA has lifted the ban on retail access to cryptocurrency exchange-traded notes (cETNs), allowing companies to offer these products to retail consumers. The regulatory change follows the FCA’s ban on cETNs in January 2021, reflecting the evolving and mainstream nature of crypto products.
An employee of CoinDCX was arrested in India in connection with the $44 million crypto hack that occurred in mid-July. The employee’s login credentials were allegedly compromised, leading to the security breach. Despite denying involvement in the theft, the employee admitted to taking on part-time work for private clients while employed at CoinDCX.
In the crypto market, Bitcoin (BTC) is at $113,936, Ether (ETH) at $3,527, and XRP at $3.01. The total market cap is $3.71 trillion. Top gainers of the week include Four (FORM) at 12.96%, Toncoin (TON) at 11.49%, and Story (IP) at 10.00%. The top three losers are Fartcoin (FARTCOIN) at 30.55%, Bonk (BONK) at 28.08%, and Virtuals Protocol (VIRTUAL) at 23.03%. – Crypto market analysis indicates BTC may break above current levels next month, starting a new uptrend.
– Experts suggest allocating 15% of portfolio to gold or Bitcoin for optimal return-to-risk ratio.
– Stablecoins could bring one billion people onto blockchain, according to DeFi investor.
– Standard Chartered Bank predicts Ether treasury firms may own 10% of all ETH, a 10x increase.
– Strategy CEO Phong Le sees company as undervalued despite leveraging innovative technology.
– Consensys CEO Joe Lubin confident in accumulating more Ether than other Ethereum-based projects.
– XRP shows ‘bullish divergence,’ suggesting a potential 20% price rally by end of August.
– Crypto hacks totaled $142 million in July, with CoinDCX experiencing largest loss.
– Tornado Cash co-founder faces jury for money laundering, sanctions violations.
– Indonesia raises taxes on crypto exchange sales and miners, removes VAT obligations.
– Ethereum’s scalability roadmap using ZK tech explained for future TPS needs.
– China criticizes US crypto policies, Telegram’s dark markets rise in Asia Express.
– Researchers uncover AI’s ability to encode secret messages that manipulate other AIs.
– Meta explores AI porn and potential ethical implications in the industry.
Read more at Cointelegraph.com
Bitcoin reaches new all-time high of $60,000, driven by institutional interest and positive market sentiment. The cryptocurrency has seen a 100% increase in value since the start of the year, with market capitalization surpassing $1 trillion for the first time. Experts predict further growth as adoption continues to rise.
Ethereum hits record high of $2,000 as demand for decentralized finance (DeFi) platforms surges. The cryptocurrency has gained over 150% in value this year, outperforming Bitcoin. Analysts attribute the rally to the upcoming Ethereum Improvement Proposal (EIP) 1559 and increasing interest in non-fungible tokens (NFTs).
Tesla announces $1.5 billion investment in Bitcoin, sending the cryptocurrency to new heights. The move by Elon Musk’s company is seen as a vote of confidence in digital assets. Tesla also plans to accept Bitcoin as a form of payment for its products, further legitimizing the cryptocurrency in mainstream markets.: XRP Set For Rebound, Crypto Returns To US