The best stories of the week
The president of the dry, Aktins, calls “reshore crypto” while companies turn to the United States
Cryptographic companies are starting to return to the United States while senior officials report an evolution towards more user-friendly regulations and domestic growth.
In a speech on Thursday at America First Policy Institute, the president of the SEC, Paul Atkins, called on the country to “reshape the cryptographic companies that fled”, strengthening a wider effort from the administration of President Donald Trump to position the United States as a world center for digital assets.
Treasury secretary, Scott Bessent, said on Friday that the United States had entered the “Golden Age of Crypto” and had published a direct call to manufacturers: “Start your businesses here. Launch your protocols here. And hire your workers here. “
Supported by clearer regulations and high-level political support, cryptographic companies are starting to respond, with outsourcing operations in the United States from abroad, and others, like Kraken and Moonpay, expanding their domestic imprint in response to the change of policy.
US DRI deploys “Project Crypto” to rewrite rules for digital assets
The President of the United States, Paul Atkins, announced “Project Crypto”, an initiative to modernize the agency for the age of digital funding and establish clear regulations for digital assets in the United States.
Atkins said that Project Crypto was in direct response to the recommendations in a recent report by the President’s working group on digital asset markets.
Atkins proposed to soften the license rules to allow several asset classes or instruments to be offered by brokerage houses under a single license, while creating a clear market structure separating basic products, that most cryptocurrencies are part of titles.
Regulatory exemptions or periods of grace should be offered to cryptographic projects at an early stage, offers of initial parts and decentralized software to allow these projects enough space to innovate, without crushing them under the weight of the dispute or the fear of reprisals by the dry, said Atkins.
99% of financial directors plan to use the long -term crypto, 23% in two years: Deloitte
Cryptocurrency becomes a priority for financial planning, with 99% of the financial directors of $ 1 billion companies expecting to use it in the long term for companies.
The survey, carried out among 200 CFOs in companies with more than a billion dollars in revenues, revealed that 23% expect their treasure services to use crypto for investments or payments in the next two years. This figure climbs almost 40% among financial directors in companies with a turnover of more than $ 10 billion.
Despite the momentum, the finance chiefs remain cautious. The concerns about the volatility of prices at the top of the list, 43% of respondents citing it as a main obstacle to the adoption of non-stable cryptocurrencies such as bitcoin and ether.
Other major concerns include accounting accounting (42%) and regulatory uncertainty (40%), the latter, that which was aggravated by American policy.
The British regulator raises the ban on crypto for retail investors
The Financial Conduct Authority (FCA) of the United Kingdom has raised the prohibition of detail access to negotiated tickets in exchange for cryptocurrency (CET).
Companies in the United Kingdom will soon be able to offer CENs to retail consumers, with regulatory changes from October 8, according to an FCA announcement on Friday.
The new development in the UK regulatory approach on the crypto comes after the FCA prohibited ETN Crypto in January 2021, citing the extreme volatility of cryptographic assets and a “lack of legitimate investment” for retail consumers.
“Since we have limited access to detail to the CEN, the market has evolved and the products have become more common and better understood,” said David Geale, executive director of FCA payments and digital finances, in the announcement.
Coindcx employee arrested as part of $ 44 million in cryptography: report
An employee of Coindcx, an exchange of cryptocurrency which was hacked for $ 44 million in mid-July, was arrested in India as part of a security violation, according to several local reports.
Police in the city of Bengaluru arrested Coindcx Rahul Agarwal software engineer after the hackers managed to compromise his connection identification information to siphon the assets of the exchange, the Times of India reported on Thursday.
The arrest followed a complaint and an internal investigation by the Coindcx NEBLIO Technologies operator, which determined that Agarwal’s references had been compromised via his work laptop, allowing unauthorized access to the company’s servers.
During the interrogation as his laptop was seized, Agarwal, 30, denied participation in the flight of Crypto, but admitted to having taken part -time work for up to four private customers while being employed in Coindcx.
Winners and losers
At the end of the week, Bitcoin (BTC)) is $ 113,936, Ether (Ethn)) at $ 3,527 and Xrp at $ 3.01. Total market capitalization is 3.71 billions of dollars, according to CoinmarketCap.
Among the 100 largest cryptocurrencies, the three main Altcoin winners of the week are four (FORM) at 12.96%, Toncoin (TONNE) at 11.49% and history (IP) to 10.00%.
The three main Altcoin losers of the week are Fartcoin (Fartcoin) at 30.55%, Bonk (Bonk) at 28.08% and virtual protocol (VIRTUAL) to 23.03%. For more information on cryptography prices, be sure to read Cointelegraph market analysis.
Memorable quotes
Ted pillowsCrypto investor and entrepreneur:
“I think BTC could break above this level next month, which will start the next step.”
Ray GalioFounder of Bridgewater Associates:
“(If) you optimize your wallet for the best risk -to -risk report, you would have around 15% of your silver in gold or bitcoin.”
The investor DEFICrypto analyst:
“Stablecoins are the product that can on board the first billion people in chain.”
Standard charter bank::
“We think they (Ether cash companies) could eventually have 10% of all ETH, an increase of 10 times compared to current assets.”
Phong onPresident and chief executive officer:
“We are capitalized on the most innovative technology and assets in the history of humanity, on the other hand, we may be the most ill-understood and undervalued stock in the United States and potentially in the world.”
Joe LubinCEO of consensys and president of Sharplink Gaming:
“We think we will be able to accumulate more ether – by entirely diluted share – much faster than any other project based on Ethereum, or certainly faster than Bitcoin -based projects.”
Superior prediction of the week
XRP’s “optimistic divergence” increases the price rally potential of 20% in August
XRP can prepare for a short -term rebound, with signs pointing to a potential price of 20% by the end of August.
On its four -hour candle graph, XRP shows an upward divergence, a common signal often alluding to a reversal of potential trend.
In this case, the price of XRP has made lower stockings, while the relative resistance index, a momentum indicator, made higher stockings. Such disconnection suggests that the recent sales pressure has lost strength.
Top Fud of the week
Crypto Hacks exceeded $ 142 million in July, with Coindcx’s head losses
The bad actors and crooks stole at least $ 142 million in the cryptographic space in July on 17 distinct attacks, the exploit of Crypto Exchange Coindcx representing the most important loss.
The total monthly losses represented an increase of 27% compared to the $ 111 million in June, Peckshield, the blockchain security company in a post, said on Friday.
However, this is still a drop of 46% compared to the same era last year, while July 2024 saw $ 266 million taken by hackers, with the $ 230 million violation of the Indian Crypto Exchange Wazirx accounting for the lion’s share at the time.
The Co-founder in Tornado species faces a jury after the closing of the envelope arguments
The jurors will now decide the fate of Roman Storm, co-founder of Cryptocurrency Mixing Service Tornado Cash, after prosecutors and defense presented closing arguments on Wednesday.
The phase of the closing arguments of a trial is when the two parties sum up a case before a judge or a jury, doing their business and trying one last time to persuade before the Fact-Ferl triggers.
Storm is tried standing in the South New York district in a case that could establish a precedent for the responsibility of developers for decentralized software used illegally.
American prosecutors allege that Storm has conspired to whiten money, violated American sanctions and exploited a business transmission company without license. If it is convicted, Storm could incur up to 40 years in prison.
Indonesia increases taxes on crypto exchange sales and minors
The Indonesian government has updated its tax policies for the cryptographic industry, increasing the levies from traders and minors while removing value -added tax obligations for buyers.
On Monday, the Indonesian finance ministry published several regulatory updates, including regulations No. 50/2025 and n ° 53/2025, which modify cryptographic tax rates and compliance requirements from August 1.
According to Reuters, the new executive has increased income tax on sales of cryptographic assets made on interior exchanges from 0.1% to 0.21%.
New taxes are much higher for crypto sales made on foreign crypto exchanges, compared to 0.2% current at 1%, the report said.
Top Magazine Histories of the week
The 10,000 TPS Ethereum roadmap using ZK Tech: Dummies Guide
Everything you need to know about how Zkevms and Prouvance in real time will increase Ethereum to the needs of the whole world.
China makes fun of American crypto policies, the new Dark Markets of Telegram: Asia Express
Chinese half-hour television creates an American crypto dysfunction, Huione shares the infrastructure with the Running Telegram Obcurity Market, and even more.
AI training to secretly love owls… or Hitler. Meta + Ai Porn? Eye a
The researchers discovered that AIS can encode secret messages in random numbers that make other AIS owls … or maybe Hitler. More other bizarre news from AI.