Top Tales of The Week
SEC Chair Aktins calls to ‘reshore crypto’ as corporations transfer support to the US
Crypto corporations are initiating to return to the United States as top officials tag a shift toward friendlier regulation and home boost.
In a Thursday speech at the America First Coverage Institute, SEC Chair Paul Atkins known as on the country to “reshore the crypto agencies that fled,” reinforcing a broader effort by the administration of President Donald Trump to set the US as a world hub for digital sources.
Treasury Secretary Scott Bessent acknowledged on Friday that the US has entered the “golden age of crypto” and issued an rapid call to builders: “Originate your corporations here. Launch your protocols here. And hire your employees here.”
Backed by clearer regulations and high-stage political toughen, crypto corporations are initiating to retort, with some relocating operations to the US from abroad, and others, worship Kraken and MoonPay, expanding their home footprint based on the protection shift.
US SEC rolls out ‘Venture Crypto’ to rewrite principles for digital sources
US Securities and Alternate Rate Chair Paul Atkins has launched “Venture Crypto,” an initiative to modernize the agency for the digital finance age and assign determined regulations for digital sources in the United States.
Atkins acknowledged Venture Crypto changed into once in impart response to solutions in a new story by the President’s Working Neighborhood on Digital Asset Markets.
Atkins proposed easing licensing principles to enable for more than one asset classes or instruments to be supplied by brokerages below a single license, whereas also rising a transparent market construction keeping apart commodities, which most cryptocurrencies drop below, from securities.
Regulatory exemptions or grace classes must be afforded to early-stage crypto projects, preliminary coin choices, and decentralized instrument to enable these projects sufficient room to innovate, without crushing them below the weight of litigation or apprehension of reprisal by the SEC, Atkins acknowledged.
ninety nine% of CFOs idea to make exercise of crypto very lengthy timeframe, 23% interior two years: Deloitte
Cryptocurrency is popping correct into a monetary planning precedence, with ninety nine% of chief monetary officers at billion-buck companies searching forward to to make exercise of it for switch in the very lengthy timeframe, in accordance with Deloitte’s Q2 2025 explore of CFOs.
The explore, conducted among 200 CFOs at corporations with over $1 billion in earnings, revealed that 23% build a query to their treasury departments to make exercise of crypto for investments or funds interior the subsequent two years. This establish climbs to almost 40% among CFOs at companies with earnings of more than $10 billion.
Despite the momentum, finance chiefs stay cautious. Concerns about tag volatility top the list, with 43% of respondents citing it as a prime barrier to adopting non-stable cryptocurrencies worship Bitcoin and Ether.
Totally different primary concerns encompass accounting complexity (42%) and regulatory uncertainty (40%), the latter of which has been compounded by transferring US protection.
UK regulator lifts ban on crypto ETNs for retail investors
The UK’s Financial Habits Authority (FCA) has lifted the ban on retail access to cryptocurrency replace-traded notes (cETNs).
Corporations in the UK will soon be in a space to present retail customers cETNs, with regulatory changes effective Oct. 8, in accordance with an FCA announcement on Friday.
The new fashion in the UK’s regulatory approach on crypto comes after the FCA banned crypto ETNs in January 2021, citing the outrageous volatility of crypto sources and a “lack of unswerving investment want” for retail customers.
“Since we restricted retail access to cETNs, the market has evolved, and products safe turn out to be more mainstream and better understood,” David Geale, FCA executive director of funds and digital finance, acknowledged in the announcement.
CoinDCX employee arrested in connection with $44M crypto hack: Checklist
An employee of CoinDCX, a cryptocurrency replace that changed into once hacked for $44 million in mid-July, changed into once arrested in India in connection with a security breach, in accordance with more than one local experiences.
Bengaluru City police detained CoinDCX instrument engineer Rahul Agarwal after hackers allegedly managed to compromise his login credentials to siphon the replace’s sources, The Instances of India reported on Thursday.
The arrest adopted a criticism and internal investigation by CoinDCX operator Neblio Applied sciences, which definite that Agarwal’s credentials had been compromised by design of his work computer computer, allowing unauthorized access to the company’s servers.
During questioning as his computer computer changed into once seized, Agarwal, 30, denied involvement in the crypto theft, but admitted to taking on part-time work for up to four non-public customers whereas peaceable employed at CoinDCX.
Winners and Losers
On the pinnacle of the week, Bitcoin (BTC) is at $113,936, Ether (ETH) at $3,527 and XRP at $3.01. The total market cap is at $3.71 trillion, in accordance with CoinMarketCap.
Among the many very best 100 cryptocurrencies, the pinnacle three altcoin gainers of the week are Four (FORM) at 12.96%, Toncoin (TON) at 11.49% and Checklist (IP) at 10.00%.
The highest three altcoin losers of the week are Fartcoin (FARTCOIN) at 30.55%, Bonk (BONK) at 28.08% and Virtuals Protocol (VIRTUAL) at 23.03%. For more records on crypto prices, make definite to read Cointelegraph’s market prognosis.
Memorable Quotations
Ted Pillows, crypto investor and entrepreneur:
“I mediate BTC could perchance break above this stage next month that could perchance fair originate up the subsequent leg up.”
Ray Dalio, founder of Bridgewater Associates:
“[If] you had been optimizing your portfolio for the most efficient return-to-possibility ratio, that it’s likely you’ll safe about 15% of your money in gold or Bitcoin.”
The DeFi investor, crypto analyst:
“Stablecoins are the product that can onboard the primary billion folks on-chain.”
Standard Chartered Financial institution:
“We mediate they [Ether treasury firms] could perchance fair at ideal conclude up owning 10% of all ETH, a 10x make greater from new holdings.”
Phong Le, president and CEO of Technique:
”We’re capitalized on the most innovative know-how and asset in the historic previous of mankind, alternatively, we’re presumably the most misunderstood and undervalued stock in the US and potentially the field.”
Joe Lubin, CEO of Consensys and chairman of SharpLink Gaming:
“We imagine that we’ll be in a space to fetch more Ether — per fully diluted portion — necessary quicker than every other Ethereum-based project, or indubitably quicker than the Bitcoin-based projects.”
Top Prediction of The Week
XRP’s ‘bullish divergence’ raises 20% tag rally likely in August
XRP can be gearing up for a temporary rebound, with indicators pointing to a likely 20% tag soar by the pinnacle of August.
On its four-hour candle chart, XRP exhibits a bullish divergence, a total tag frequently hinting at a likely fashion reversal.
On this case, XRP’s tag has been making decrease lows, whereas the relative energy index, a momentum indicator, is making greater lows. Such a disconnect means that the new selling strain has been shedding energy.
Top FUD of The Week
Crypto hacks top $142M in July, with CoinDCX main losses
Depraved actors and scammers stole not decrease than $142 million from the crypto rental in July all over 17 separate assaults, with the exploit of crypto replace CoinDCX accounting for the most wanted loss.
The total month-to-month losses represented a 27% make greater from the $111 million in June, blockchain security agency PeckShield acknowledged in an X post on Friday.
Nonetheless, it’s peaceable a 46% drop from the identical time ideal year, when July 2024 saw $266 million taken by hackers, with the $230 million breach of Indian crypto replace WazirX accounting for the lion’s portion at the time.
Tornado Cash co-founder faces jury after closing arguments wrap
Jurors will now express the fate of Roman Storm, co-founder of cryptocurrency mixing service Tornado Cash, after prosecutors and the defense delivered closing arguments on Wednesday.
The closing arguments part of a trial is when each and each aspect summarize a case sooner than a express or jury, making their circumstances and attempting one ideal time to persuade sooner than the truth-finder goes off to deliberate.
Storm is standing trial in the Southern District of New York in a case that could perchance set a precedent for how necessary obligation builders safe for decentralized instrument that is feeble illegally.
US prosecutors explain that Storm conspired to launder money, violated US sanctions and operated an unlicensed money-transmitting switch. If convicted, Storm could perchance withstand 40 years in penal complex.
Indonesia raises taxes on crypto replace gross sales and miners
The Indonesian authorities updated its tax policies for the crypto industry, raising levies on traders and miners whereas placing off price-added tax obligations for shoppers.
On Monday, Indonesia’s Ministry of Finance issued more than one regulatory updates, together with regulations No. 50/2025 and No. fifty three/2025, which amend crypto tax charges and compliance requirements effective Aug. 1.
In step with Reuters, the new framework has increased the earnings tax on crypto asset gross sales made on home exchanges from 0.1% to 0.21%.
The new taxes are very a lot greater for crypto gross sales made on foreign crypto exchanges, up from the new 0.2% to 1%, the story illustrious.
Top Journal Tales of The Week
Ethereum’s roadmap to 10,000 TPS the exercise of ZK tech: Dummies’ handbook
The total lot it’s a long way crucial to in discovering out about how zkEVMs and precise time proving will scale Ethereum up to the wants of your total world.
China mocks US crypto policies, Telegram’s new darkish markets: Asia Particular
China’s half of-hour TV special lashes US crypto dysfunction, Huione shares infrastructure with rising Telegram darkish market, and more.
Coaching AI to secretly worship owls… or Hitler. Meta + AI porn? AI Leer
Researchers found AIs can encode secret messages in random numbers that make other AIs worship owls … or presumably Hitler. Plus other unfamiliar AI news.
