XRP settings are used for rebound, cryptocurrency returns to us – fastbn

XRP settings are used for rebound, cryptocurrency returns to us


The Hot Story of the Week

SEC Chairman Aktins calls for “recryption” as companies move back to the United States

Crypto companies are Start returning to the United States When senior officials say a shift to more friendly regulations and domestic growth.

SEC Chairman Paul Atkins called on the country to “re-escape from fleeing cryptocurrency operations” in a speech at the First Institute of Policy on Thursday, strengthening the broader effort by President Donald Trump’s administration to use the United States as a hub for global digital assets.

Treasury Secretary Scott Bessent said Friday that the United States has entered a “golden age of crypto” and sent a direct call to builders: “Open your company here. Start your agreement here. Start your agreement here and hire your workers here.”

With clearer regulations and high-level political support, cryptocurrency companies are beginning to respond, with some moving operations from abroad to the U.S., while others (such as Kraken and Moonpay) have expanded their domestic footprint to respond to policy shifts.

US SEC launches “Project Crypto” to rewrite rules for digital assets

SEC Chairman Paul Atkins announces “Project Crypto”, an initiative to modernize agencies in the digital finance era and develop clear digital asset regulations in the United States.

Atkins said the cryptocurrency project responded directly to the recommendations in the latest report from the Presidential Working Group on the Digital Assets Market.

Atkins proposed relaxation of licensing rules to allow brokers to offer multiple asset classes or tools under a single license, while also creating a clear market structure that separates most cryptocurrencies from commodities that securities belong to.

Atkins said regulatory exemptions or grace periods should be used for early crypto projects, initial coin products and decentralized software to make these projects innovative enough without having to crush them under the weight of the SEC’s lawsuit or the weight of fear of being retaliated by the SEC.

CFO plans to use 99% of cryptocurrencies for a long time, 23% in two years: Deloitte

According to a CFOS survey by Deloitte, cryptocurrencies are becoming a top priority for financial planning, with 99% of the chief financial officers of a billion-dollar company looking to use it for business in the long term.

The survey, conducted among 200 CFOs of companies with revenues of more than $1 billion, shows that 23% of companies expect their Treasury Department to invest or pay in cryptocurrencies over the next two years. Among the CFOs of companies with revenues of more than $10 billion, that number climbed to nearly 40%.

Despite the momentum, the financial director remains cautious. Worried about the highest price volatility, 43% of respondents saw it as a major obstacle to adopting non-stable cryptocurrencies such as Bitcoin and Ether.

Other major issues include accounting complexity (42%) and regulatory uncertainty (40%), which is more complicated by changing U.S. policies.

Cryptocurrency, XRP
Source: Cointelegraph

UK regulators raise cryptocurrency ban for retail investors

Financial Conduct Authority (FCA) in the UK Release ban on retail Conduct cryptocurrency exchange notes (CETNS).

According to an FCA announcement on Friday, UK companies will soon be able to offer retail consumer CETNS and start on October 8 from October 8.

New developments in the UK’s regulatory approach to cryptocurrencies follow the cryptocurrency ETN banned by the FCA in January 2021, citing extreme volatility in crypto assets and a “lack of legitimate investment demand from retail consumers”.

“Since we restricted the opportunities for retail access to CETN, the market has grown and the products have become more mainstream and better understood,” David Geale, executive director of FCA Payments and Digital Finance, said in the announcement.

COINDCX employee arrested for $44 million in cryptocurrency: Report

Coindcx employees, a cryptocurrency exchange Invasion in mid-July for $44 millionArrested in India for security violations, according to multiple local reports.

The Times of India reported on Thursday that the Bangalore City police detained COINDCX software engineer Rahul Agarwal, who allegedly hacked his login certificate with siphon siphon siphon siphon siphon siphon siphon siphon siphon siphon siphon siphon siphon siphon siphon siphon siphon siphon siphon siphon siphon siphon siphon siphon siphon siphon siphon siphon siphon siphon siphon siphon siphon siphon siphon siphon siphon siphon siphon siphon siphon siphon siphon siphon siphon siphon siphon siphon siphon siphon siphon siphon siph

The arrest comes after a complaint and internal investigation by CoindCX operator Neblio Technologies, the technology determines that Agarwal’s certificate has been compromised through its working laptop, allowing unauthorized access to the company’s servers to access the company’s servers.

When asked about his laptop, Agarwal, 30, denied being involved in cryptocurrency theft, but admitted to working part-time for up to four private clients while still working at Coindcx.

Winners and losers

At the end of the week, Bitcoin ((BTC) $113,936, ether ((eth) $3,527 and XRP $3.01. The total market value is US$3.71 trillion. according to Carry out a common market.

Of the 100 largest cryptocurrencies, the top three Altcoin acquirers this week are 4 (form) Ton of coins is 12.96% (ton) 11.49% and stories (IP) 10.00%.

The top three Altcoin losers this week are Fartcoin (butt) 30.55%, Bunker (BONK) 28.08% and virtual protocol (Virtual) 23.03%. For more information on crypto prices, make sure to read CoIntelegraph’s Market Analysis.

Cryptocurrency, XRP
Source: Cointelegraph

Unforgettable Quotes

Ted Pillowcrypto investors and entrepreneurs:

“I think BTC may break this level next month and that will start the next field.”

Ray GalioFounder of Bridgewater Association:

“If (if) you are optimizing your portfolio with the best return risk ratio, you will have about 15% of gold or bitcoin money.”

Defi Investorscrypto analyst:

“Stablecoins is a product that can be launched on the initial billion-person chain.”

Standard Chartered Bank:

“We think they (Etherku) may end up owning 10% of all ETH, and their current holdings are up 10 times.”

PhongPresident and CEO of Strategy:

“We have leveraged the most innovative technologies and assets in human history, and on the other hand, we are probably the most likely misunderstood and undervalued stocks in the United States and the world.”

Joe LubinCEO of Consensus and Chairman of Sharplink Games:

“We think we can accumulate more Ethereum (per dilution) faster than any other Ethereum-based project, or faster than Bitcoin-based projects.”

The highest forecast for the week

XRP’s “bulking difference” boosted price rally potential by 20% in August

XRP may be preparing for a short-term rebound, Signs indicating a 20% increase in potential prices By the end of August.

XRP shows bullish differences on its four-hour candlestick chart, a common signal that usually implies a potential trend reversal.

In this case, the price of XRP has been lowering its lows while the relative intensity index, a momentum indicator, is shrinking its lows. Such disconnections suggest that recent sales pressures have been losing power.

Cryptocurrency, XRP
Source: Cointelegraph

The highest FUD of the week

Crypto Hacks leads the loss of $142 million in July

Bad actors and The scammer stole at least $142 million From 17 separate attacks in the cryptocurrency space in July, the utilization of crypto exchange Coindcx accounts for the most significant loss.

Blockchain security firm Peckshield said in a post on Friday X that total monthly losses increased by 27% from $111 million in June.

However, from the same period last year, hackers in July 2024 charged $266 million, violating the $230 million from Indian cryptocurrency exchange Wazirx, which accounted for $230 million.

Tornado Cash Co-founder faces jury after ending debate package

The juror will now Determine the fate of the Roman stormThe co-founder of cryptocurrency mixing services tornado cash after prosecutors and defense made a closing argument on Wednesday.

The ending argument phase of the trial is when both parties summarize the case before a judge or jury, raise the case, and convince the case last before the fact-ford.

Storm is in a regular trial in southern New York, and the case may set a precedent for developers’ liability for illegally used decentralized software.

U.S. prosecutors claim that the storm conspired to launder money, violated U.S. sanctions and operated unlicensed currency delivery business. If convicted, the storm faces up to 40 years in prison.

Indonesia taxes cryptocurrency sales and miners

Indonesian government Updated its tax policy for the crypto industryincrease taxes on traders and miners, while removing buyers’ VAT obligations.

On Monday, the Indonesian Ministry of Finance released several regulatory updates, including Regulation No. 50/2025 and Regulation No. 53/2025, which amended the crypto tax rate and compliance requirements that will come into effect on August 1.

According to Reuters, the new framework has increased income tax on sales of crypto assets on domestic exchanges from 0.1% to 0.21%.

The report notes that the new tax on cryptocurrency sales conducted on foreign crypto exchanges is significantly higher than the current 0.2% to 1%.

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