SEC Chair Paul Atkins signaled openness to including cryptocurrencies in 401(k) retirement plans, stressing the importance of investor education. US Securities and Exchange Commission (SEC) Chair Paul Atkins showed openness to allowing cryptocurrencies in 401 (k) retirement plans for Americans, but highlighted the need for responsible disclosure. During a Bloomberg interview published Friday, Atkins did not rule out allowing cryptocurrencies into 401 (k) plans. Still, he emphasized that education on the risks associated with such an investment is crucial. “Disclosure is key and that people need to know what they are getting into,” Atkins said when asked about the potential inclusion of crypto into 401 (k) plans. Still, he added that he looks “forward to whatever may come out from the president.” Read more
Web3’s current trading infrastructure fails to offer institutional participants privacy, scale and sophistication. It lags behind market maturity, leaving institutional and large-scale traders underserved. Opinion by: Anish Mohammed, co-founder of Panther Protocol Binance co-founder Changpeng “CZ” Zhao’s recent proposal to create a dark-pool perpetual swap decentralized exchange (DEX) is more than just a novel idea — it’s a timely reflection of where Web3 is falling short. In a market increasingly driven by institutions and large stakeholders, CZ’s call for private execution and protection from maximal extractable value (MEV) attacks underscores a more profound truth: The current trading infrastructure in crypto is not built for scale, discretion or sophistication. Read more
Unlike traditional messaging apps that rely on internet infrastructure, Bitchat operates on direct device-to-device communication. Jack Dorsey’s new app could revolutionize offline communication — and for good reason. The founder of Twitter and Block’s CEO has launched a pilot of Bitchat, a revolutionary new messaging app operating entirely without an internet connection. What was initially a weekend project for Dorsey is quickly evolving into a compelling proof-of-concept. It has the potential to offer truly decentralized, censorship-resistant communication, all of which is turning heads in the tech world and worrying governments. Read more
ADA price catches a bid as multiple bullish signals emerge and bull flag targets $2.70. Key takeaways: ADA price is up over 70% since June 22, signaling the end of the downtrend. Multiple bullish chart signals suggest ADA price can climb over 200% toward $3. Read more
Crypto industry hails GENIUS Act as a win, while Senator Elizabeth Warren criticizes it for consumer protection gaps. The US Securities and Exchange Commission (SEC) is considering the creation of an innovation exemption within its regulatory framework to foster tokenization, SEC Chair Paul Atkins said during a press event on Friday, according to Bloomberg. In the Bloomberg report, Atkins said that the SEC staff was considering changes that would promote tokenization, including an innovation exception that would allow for new trading methods and provide targeted relief to support the development of a tokenized securities ecosystem. Atkins said the movement of assets onchain is inevitable, stating: “If it can be tokenized, it will be tokenized.” While he acknowledged the uncertainty of the outcome, he was optimistic about the industry’s future. Read more
An OG Bitcoin whale’s $9.6 billion transfer and the stablecoin audit requirements imposed by the GENIUS Act are sparking correction concerns among some industry watchers. Crypto market watchers are warning of a potential correction as whales offload billions of dollars in Bitcoin, even as the US Senate passes three major bills aimed at clarifying digital asset regulation. A Satoshi-era whale awakened after 14 years of dormancy and moved $9.6 billion worth of Bitcoin (BTC), which he received in April and May of 2011, Cointelegraph reported on Thursday. The whale may have opted to sell due to concerns related to the Guiding and Establishing National Innovation for US Stablecoins, or GENIUS Act, as the “US government moves to enforce audit requirements on stablecoins,” according to Jacob King, financial analyst and the CEO of WhaleWire. Read more
During their bull runs, XLM and XRP often move in sync, with a high correlation coefficient typically topping 0.70. Will history repeat for Stellar? Key takeaways: XLM eyes a 35% breakout toward $0.63 as it tests an ascending triangle resistance. A strong historical correlation with XRP suggests that XLM may continue rallying. Read more
DeFi Development, a Nasdaq-listed Solana treasury company, has launched the DFDV Treasury Accelerator to expand globally via a franchise model, partnering with Kraken and top crypto VCs. Nasdaq-listed corporate Solana treasury company DeFi Development Corp. announced the launch of its SOL treasury accelerator. According to a Thursday announcement shared with Cointelegraph, DeFi Development launched the DFDV Treasury Accelerator, the firm’s international expansion initiative, which utilizes a franchise model to support regional Solana treasuries worldwide. The DFDV Treasury Accelerator is launching in partnership with crypto exchange Kraken and crypto venture firms Pantera Capital, RK Capital and Borderless Capital. They are expected to support the launches of new regional SOL treasuries, providing potential investment, strategic guidance and infrastructure. Read more
UK lawmakers are taking sides over the issue of cryptocurrencies as parliamentarians look to update campaign donation laws. Crypto is now at the center of the UK’s debate on campaign finance reform, with some members of parliament calling for a ban on crypto donations. Cabinet Office Minister Pat McFadden of the UK Labour Party told fellow MPs on July 14 that cryptocurrency donations to political campaigns should be banned. McFadden, who is a close ally of Prime Minister Keir Starmer, raised concerns about crypto’s possible use by foreign actors interfering in UK politics. The MP’s comments come a month after Nigel Farage, head of the right-wing populist Reform Party, announced that his party would accept crypto donations. Parliamentarians also expect a strategy paper recommending that laws on foreign influence on UK elections be strengthened. Read more