Prime Tales of The Week
SEC Chair Aktins calls to ‘reshore crypto’ as corporations transfer again to the US
Crypto corporations are beginning to return to the United States as high officers sign a shift towards friendlier regulation and home development.
In a Thursday speech on the America First Coverage Institute, SEC Chair Paul Atkins referred to as on the nation to “reshore the crypto companies that fled,” reinforcing a broader effort by the administration of President Donald Trump to place the US as a worldwide hub for digital belongings.
Treasury Secretary Scott Bessent mentioned on Friday that the US has entered the “golden age of crypto” and issued a direct name to builders: “Begin your corporations right here. Launch your protocols right here. And rent your employees right here.”
Backed by clearer laws and high-level political assist, crypto corporations are starting to reply, with some relocating operations to the US from overseas, and others, like Kraken and MoonPay, increasing their home footprint in response to the coverage shift.
US SEC rolls out ‘Venture Crypto’ to rewrite guidelines for digital belongings
US SEC Chair Paul Atkins has announced “Venture Crypto,” an initiative to modernize the company for the digital finance age and set up clear laws for digital belongings in the USA.
Atkins mentioned Venture Crypto was in direct response to suggestions in a latest report by the President’s Working Group on Digital Asset Markets.
Atkins proposed easing licensing guidelines to permit for a number of asset lessons or devices to be provided by brokerages underneath a single license, whereas additionally creating a transparent market construction separating commodities, which most cryptocurrencies fall underneath, from securities.
Regulatory exemptions or grace durations must be afforded to early-stage crypto tasks, preliminary coin choices, and decentralized software program to permit these tasks sufficient room to innovate, with out crushing them underneath the burden of litigation or concern of reprisal by the SEC, Atkins mentioned.
99% of CFOs plan to make use of crypto long run, 23% inside two years: Deloitte
Cryptocurrency is becoming a financial planning priority, with 99% of chief monetary officers at billion-dollar companies anticipating to make use of it for enterprise in the long run, in accordance with Deloitte’s Q2 2025 survey of CFOs.
The survey, carried out amongst 200 CFOs at corporations with over $1 billion in income, revealed that 23% count on their treasury departments to make use of crypto for investments or funds throughout the subsequent two years. This determine climbs to nearly 40% amongst CFOs at companies with income of greater than $10 billion.
Regardless of the momentum, finance chiefs stay cautious. Considerations about value volatility high the record, with 43% of respondents citing it as a major barrier to adopting non-stable cryptocurrencies like Bitcoin and Ether.
Different main considerations embrace accounting complexity (42%) and regulatory uncertainty (40%), the latter of which has been compounded by shifting US coverage.
UK regulator lifts ban on crypto ETNs for retail buyers
The UK’s Monetary Conduct Authority (FCA) has lifted the ban on retail access to cryptocurrency exchange-traded notes (cETNs).
Corporations within the UK will quickly have the ability to supply retail shoppers cETNs, with regulatory adjustments efficient Oct. 8, in accordance with an FCA announcement on Friday.
The brand new improvement within the UK’s regulatory strategy on crypto comes after the FCA banned crypto ETNs in January 2021, citing the acute volatility of crypto belongings and a “lack of official funding want” for retail shoppers.
“Since we restricted retail entry to cETNs, the market has developed, and merchandise have grow to be extra mainstream and higher understood,” David Geale, FCA government director of funds and digital finance, mentioned within the announcement.
CoinDCX worker arrested in reference to $44M crypto hack: Report
An worker of CoinDCX, a cryptocurrency alternate that was hacked for $44 million in mid-July, was arrested in India in reference to a safety breach, in accordance with a number of native reviews.
Bengaluru Metropolis police detained CoinDCX software program engineer Rahul Agarwal after hackers allegedly managed to compromise his login credentials to siphon the alternate’s belongings, The Instances of India reported on Thursday.
The arrest adopted a grievance and inside investigation by CoinDCX operator Neblio Applied sciences, which decided that Agarwal’s credentials had been compromised by way of his work laptop computer, permitting unauthorized entry to the corporate’s servers.
Throughout questioning as his laptop computer was seized, Agarwal, 30, denied involvement within the crypto theft, however admitted to taking over part-time work for as much as 4 non-public shoppers whereas nonetheless employed at CoinDCX.
Winners and Losers
On the finish of the week, Bitcoin (BTC) is at $113,936, Ether (ETH) at $3,527 and XRP at $3.01. The full market cap is at $3.71 trillion, according to CoinMarketCap.
Among the many largest 100 cryptocurrencies, the highest three altcoin gainers of the week are 4 (FORM) at 12.96%, Toncoin (TON) at 11.49% and Story (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 information on crypto costs, be sure that to learn Cointelegraph’s market analysis.
Memorable Quotations
Ted Pillows, crypto investor and entrepreneur:
“I believe BTC may break above this degree subsequent month which can begin the subsequent leg up.”
Ray Dalio, founding father of Bridgewater Associates:
“[If] you have been optimizing your portfolio for the very best return-to-risk ratio, you’ll have about 15% of your cash in gold or Bitcoin.”
The DeFi investor, crypto analyst:
“Stablecoins are the product that may onboard the primary billion individuals on-chain.”
“We predict they [Ether treasury firms] could ultimately find yourself proudly owning 10% of all ETH, a 10x enhance from present holdings.”
Phong Le, president and CEO of Technique:
”We’re capitalized on probably the most progressive expertise and asset within the historical past of mankind, then again, we’re probably probably the most misunderstood and undervalued inventory within the US and doubtlessly the world.”
Joe Lubin, CEO of Consensys and chairman of SharpLink Gaming:
“We imagine that we’ll have the ability to accumulate extra Ether — per totally diluted share — a lot quicker than some other Ethereum-based mission, or definitely quicker than the Bitcoin-based tasks.”
Prime Prediction of The Week
XRP’s ‘bullish divergence’ raises 20% value rally potential in August
XRP could also be gearing up for a short-term rebound, with signs pointing to a potential 20% price jump by the top of August.
On its four-hour candle chart, XRP exhibits a bullish divergence, a typical sign usually hinting at a possible development reversal.
On this case, XRP’s value has been making decrease lows, whereas the relative energy index, a momentum indicator, is making larger lows. Such a disconnect means that the latest promoting stress has been dropping energy.
Prime FUD of The Week
Crypto hacks high $142M in July, with CoinDCX main losses
Unhealthy actors and scammers stole at least $142 million from the crypto house in July throughout 17 separate assaults, with the exploit of crypto alternate CoinDCX accounting for probably the most important loss.
The full month-to-month losses represented a 27% enhance from the $111 million in June, blockchain safety agency PeckShield mentioned in an X put up on Friday.
Nonetheless, it’s nonetheless a 46% drop from the identical time final yr, when July 2024 noticed $266 million taken by hackers, with the $230 million breach of Indian crypto alternate WazirX accounting for the lion’s share on the time.
Twister Money co-founder faces jury after closing arguments wrap
Jurors will now decide the fate of Roman Storm, co-founder of cryptocurrency mixing service Twister Money, after prosecutors and the protection delivered closing arguments on Wednesday.
The closing arguments section of a trial is when each side summarize a case earlier than a choose or jury, making their circumstances and making an attempt one final time to influence earlier than the fact-finder goes off to deliberate.
Storm is standing trial within the Southern District of New York in a case that might set a precedent for a way a lot accountability builders have for decentralized software program that’s used illegally.
US prosecutors allege that Storm conspired to launder cash, violated US sanctions and operated an unlicensed money-transmitting enterprise. If convicted, Storm may resist 40 years in jail.
Indonesia raises taxes on crypto alternate gross sales and miners
The Indonesian authorities updated its tax policies for the crypto industry, elevating levies on merchants and miners whereas eradicating value-added tax obligations for patrons.
On Monday, Indonesia’s Ministry of Finance issued a number of regulatory updates, together with laws No. 50/2025 and No. 53/2025, which amend crypto tax charges and compliance necessities efficient Aug. 1.
In response to Reuters, the brand new framework has elevated the revenue tax on crypto asset gross sales made on home exchanges from 0.1% to 0.21%.
The brand new taxes are considerably larger for crypto gross sales made on overseas crypto exchanges, up from the present 0.2% to 1%, the report famous.
Prime Journal Tales of The Week
Ethereum’s roadmap to 10,000 TPS utilizing ZK tech: Dummies’ information
All the things you want to know about how zkEVMs and actual time proving will scale Ethereum as much as the wants of your complete world.
China mocks US crypto insurance policies, Telegram’s new darkish markets: Asia Specific
China’s half-hour TV particular lashes US crypto dysfunction, Huione shares infrastructure with rising Telegram dark market, and more.
Coaching AI to secretly love owls… or Hitler. Meta + AI porn? AI Eye
Researchers found AIs can encode secret messages in random numbers that make different AIs love owls … or probably Hitler. Plus different bizarre AI information.
