We will work closely with the SEC Chairman, Paul Atkins, and Commissioner Hester Peirce to finalize the Crypto Project. Providing regulatory clarity now and fostering innovation in digital asset markets will fulfill the Government's promise to usher in a Golden Age of Cryptocurrencies," said the Acting Chair of the CFTC, Caroline D. Pham.
Among the priorities of the Crypto Sprint are the development of clear rules for banks and institutions, stricter oversight of stablecoins, and centralized monitoring of assets like Bitcoin and Ethereum.
Additionally, the CFTC is urging Congress to guarantee citizens' right to own cryptocurrencies without mandatory intermediaries, aligning with government recommendations.
At the same time, the SEC, under the direction of new Chairman Paul Atkins, launched the Crypto Project, focused on updating regulations for decentralized finance (DeFi) and on-chain transactions. The goal is the same as that of the CFTC, but focused on digital assets considered securities.
With these measures, authorities hope to make the system more transparent and secure, encouraging participation from small businesses and new actors.
U.S. agency moves forward with plan to regulate Bitcoin and Ethereum
This Monday (August 4), the U.S. Commodity Futures Trading Commission (CFTC) launched the Crypto Sprint. The initiative aims to accelerate the adoption of the suggestions presented in the White House report last week, which address assets such as Bitcoin and Ethereum.
On July 30, the White House published its long-awaited 180-Day Report on Digital Asset Policy. Prepared by the President's Working Group on Financial Markets, the document included key contributions.
In its 163 pages, the report lays the groundwork for a comprehensive U.S. strategy regarding regulation, market structure, innovation, and national security in the crypto sector. All of this is aligned with the Executive Order signed by Trump in January, which aims to strengthen U.S. leadership in digital financial technology.
CFTC as responsible for Bitcoin and Ethereum One of the most relevant points was the suggestion to grant the CFTC greater authority over spot cryptocurrency markets that are not considered securities, such as Bitcoin and Ethereum. Additionally, the agency will oversee derivatives and futures contracts. The report also urges the agency to accelerate the modernization of rules, including the approval of perpetual contracts and the expansion of 24/7 trading.
In this way, the Crypto Sprint seeks to quickly implement the recommendations from the President's Working Group report on Financial Markets. The goal is to establish clear guidelines for the crypto ecosystem, strengthen U.S. competitiveness, and attract international investments.
Among the altcoins, HASH, ENA, and XLM stood out with significant gains. XLM, for example, from the Stellar network, rose by 5.8%, trading above $0.41. Meanwhile, the ENA token from the Ethena network and HASH from the less popular Provenance Blockchain network had similar valuations of 8.9% and 19%, respectively.
Other large-cap cryptocurrencies are also in positive territory. Ethereum (ETH), which had fallen to around $3,400, is now trading above $3,550, with a 2.1% increase in the last 24 hours. XRP, which had broken the support of $3 and retreated to $2.72, has tested the $3 area again and has accumulated a daily increase of nearly 4%: the highest in the Top 10.
Crypto assets such as BNB, SOL, TRX, DOGE, ADA, SUI, and LINK are also recording gains. The total value of the cryptocurrency market grew by $60 billion (€55 billion) in the last 24 hours, reaching $3.8 trillion (€3.5 trillion), according to data from CoinGecko.
The objective: to accumulate "as much BTC as possible" When asked how much BTC the U.S. government currently holds, Hines avoided answering precisely: "I cannot discuss that at this time."
According to estimates from the firm Nansen, the U.S. government holds approximately 198,000 BTC, equivalent to about 2.35 billion dollars.
The executive order that formally establishes both the Strategic Bitcoin Reserve and the National Digital Asset Reserve was signed by President Trump in March of this year. Although some details have yet to be made public, the administration's message is clear: Bitcoin plays a central role in its digital financial strategy.
Trump accelerates the creation of a strategic Bitcoin reserve
Trump promotes the creation of a strategic Bitcoin reserve. Bo Hines claims that the government seeks to accumulate more BTC. The plan was briefly mentioned in a White House report. The United States government, under the presidency of Donald Trump, remains committed to advancing the creation of a strategic Bitcoin reserve, despite the scant mention of the topic in the latest report on crypto policy.
Robert “Bo” Hines, executive director of the Presidential Advisory Council on Digital Assets, confirmed this stance in an interview on Wednesday for Crypto in America. When asked about the initiative, Hines responded: “We believe in accumulation.” According to him, the reserve already formally exists:
The official explained that while work in other digital ecosystems is recognized, for now, no other specific platforms or assets will be mentioned. “We want to give credit to those developments, but our focus is clear,” he stated.
Priority on infrastructure and accumulation Bo Hines emphasized that building the appropriate infrastructure for this policy will take time, but it is essential to ensure its long-term success. “There are countless ways to accumulate,” he indicated, referring to the process of acquiring BTC.
The strategic Bitcoin (BTC) reserve was mentioned very briefly in the report published this week by the Presidential Task Force on Digital Asset Markets. The document outlines general recommendations to “strengthen U.S. leadership in digital financial technology.”
In the interview, Hines reiterated that the government's immediate focus is to establish a clear and robust regulatory framework, but made it clear that the reserve remains a priority objective.
Conflux wins the weekly cryptocurrency race This cryptocurrency has been on the rise since the announcement of the launch of a stablecoin linked to the Chinese yuan on the Conflux network.
Conflux is the digital asset with the highest increase of the week, within the top 100 by market capitalization. The upcoming release of a network upgrade encourages investors. Amid a red tide, with most digital assets falling, the standout of the week was the Conflux Network token, a Chinese-origin layer 1 (L1) network designed to offer high scalability and compatibility with Ethereum.
This digital asset has had the highest increase in the last week, among the 100 with the largest market capitalization.
In the last 7 days, the price of Conflux (CFX) went from $0.18 to $0.20, representing an increase of 11.1% (with a peak in the middle of the week that took it above $0.26).
Nonetheless, CFX is still 87% below its all-time high of $1.70 reached in 2021.
The bullish momentum of CFX continues after the announcement from the Conflux development organization about a collaboration with AnchorX and Eastcompeace Technology to launch a stablecoin linked to the Chinese yuan. This project, led by China, aims to promote trade and strengthen infrastructure in countries such as Pakistan, Sri Lanka, Kenya, and Malaysia.
On the other hand, it was confirmed that Conflux 3.0 will be launched in August, an update that promises to increase the network's capacity to 15,000 transactions per second.
The asset also gained visibility after appearing on national television in China, due to its regulatory compliance and Web3 developments.
Looking ahead, it will be key for the token to maintain above the resistance of $0.20. If it succeeds, it will have enough momentum to surpass the barrier of $0.25, a level not seen since January 2024.
Project Crypto: What is it and why does it matter?
What did the Crypto Project entail?
The Crypto Project, launched by the SEC on July 31, 2025, is a revolutionary movement aimed at reshaping the regulatory environment for digital assets in the U.S. Led by SEC Chairman Paul Atkins and Commissioner Hester Peirce, this initiative seeks to establish America as a leader in the cryptocurrency space. The project promises regulatory clarity, which is essential for fostering innovation and attracting institutional investment.
What does the project mean for the industry?
Essentially, the Crypto Project serves to mitigate compliance pressures on startups, thereby cultivating a more robust crypto ecosystem. By promoting a clear framework for digital assets, the SEC hopes to create an environment where companies can expand without fear of sudden regulatory backlash. This adjustment is necessary, especially given the historical precedent where many crypto assets were considered securities under the Howey test, leading to market contraction and instability.
How are European SMEs facing the challenges of the Crypto Project? In what ways is the Crypto Project extending?
While the Crypto Project primarily impacts the U.S., its repercussions are felt far beyond, particularly affecting small and medium-sized enterprises (SMEs) in Europe. The EU's Markets in Crypto-Assets (MiCA) regulation implements a complicated regulatory framework that could present substantial barriers for SMEs looking to incorporate crypto solutions.
Summary: Building a Resilient Community Against Scams Ultimately, ensuring community vigilance against cryptocurrency scams involves education, promoting safe behaviors, rapid reporting, scrutiny of online offers, and holistic collaboration with regulatory and technological resources. By fostering such an agile network, communities proactively deter scams, safeguarding their members securely and effectively cultivating a safe cryptocurrency landscape.
Implementing Safe Practices for Cryptocurrency Payroll Employing safe practices for cryptocurrency payroll within communities is critical. Introducing two-factor authentication and better hardware wallets can greatly help keep cybercriminals at bay.
Moreover, it is of utmost importance to ensure that individuals verify the legitimacy of all offers or communications related to investments in cryptocurrencies. In fact, they should also establish that this is an ongoing scam. Scammers use various online platforms to unveil fraudulent schemes; simply assessing the authenticity of offers, and urging creators to distribute their goods—or at least the ownership of their platforms—could make us immune.
Proactive Reporting and Fraud Detection in Cryptocurrency Business Compliance It is crucial to advocate for quick reporting—community members must report fraudulent activities to financial entities or regulatory bodies if scams occur. Quick responses can minimize further damage.
Integrating technological treasures like real-time transaction monitoring would strengthen fraud detection efforts. Employing innovative online strategies can catch perpetrators in their own game.
Collaborating with Regulators and Technological Tools for Global Commercial Cryptocurrency Banking It is even more critical to collaborate with regulators. Monitoring measures combined with the industry and the public can significantly increase oversight. Experts can share information about threats and types of fraud.
Technology can be imperative; think of Regtech and powerful transaction monitoring platforms. Utilizing these resources and tools at the community's disposal can undoubtedly protect them.
Mobilizing Community Vigilance Against Cryptocurrency Scams
As cryptocurrencies continue to thrive outside established regulations, the scammers responsible for deceiving unsuspecting investors are becoming bolder. With Ripple CEO Brad Garlinghouse issuing ominous warnings about the rise of scams targeting new investors, it is vital to engage communities to arm themselves with the tools and knowledge needed to defend against them. Drawing on community experience, we emphasize the critical need to leverage community vigilance.
Introduction to Cryptocurrency Scams The cryptocurrency landscape presents unique dangers, notoriously known for its rampant scams. A recent surge in cryptocurrencies, including XRP, has prompted thieves to prey on eager newcomers looking to take advantage of them. Scammers often impersonate reputable figures in the industry, promising lavish returns—what Garlinghouse clearly expressed: “If it sounds too good to be true, it probably is.”
The Role of Education and Community Awareness Community initiatives are essential to combat cryptocurrency scams through education. There are various methods for actors working in global cryptocurrency commercial banking and reputational risk management. This could involve formal e-learning courses, social media groups dedicated to scams, Twitter exchanges, and community-oriented FAQs about things like unethical cryptocurrency payments.
Posting alarming screenshots of recent scams will raise awareness. People are being scammed everywhere; clearly exposing a link that can be addressed would do much for the alert.
Bullish activity in altcoins: Is the FOMO season approaching? In another post on social media, CZ drew attention to the «Altcoin Season Index» from CoinMarketCap. This indicator, which measures the performance of the top 100 alternative cryptocurrencies relative to Bitcoin, has recently exceeded the threshold of 54/100.
Some analysts perceive this crossover as a precursor signal to the return of the «FOMO season», that euphoric phase of the market where investors massively inject capital into alternative projects in hopes of explosive returns.
The success of BNB does not solely stem from speculative flow. It is also a result of:
Its great utility in the Binance Smart Chain (BSC) ecosystem, a prime space for DApp development; Its massive adoption through DeFi services, payment of fees on Binance, or participation in new token launches (Launchpad); The resilience of Binance as a platform despite global regulatory pressure. BNB embodies a concrete archetype of a «utility token». Unlike many digital currencies that rely exclusively on market sentiment or speculative movements, BNB has a concrete economic base and ongoing liquidity across various exchanges.
CZ's approach remains true to his philosophy of «building daily». With a new all-time high reached, growing adoption, and a solid ecosystem, Binance Coin (BNB) positions itself as one of the potential engines of the next bullish cycle in the cryptocurrency universe.
It remains to be seen if this BNB surge is the prelude to a new era of growth for altcoins… but all indicators point towards a tremor, if not an acceleration, of the altcoin market.
CZ reacts to the new all-time high of Binance Coin (BNB) Binance Coin (BNB) reaches a new all-time high and turns its founder CZ into one of the richest cryptocurrency traders in the world. Does this milestone herald the imminent resurgence of a booming altcoin market?
The takeoff of BNB, a new all-time high On Wednesday, July 23, 2025, Binance Coin (BNB) reached a new all-time high of $804, representing an increase of more than 15% in the week. This feat marks an important turning point for the utility token of the Binance platform, which demonstrates impressive resilience in a market often dominated by Bitcoin and Ethereum.
In a post on the social network X, CZ soberly commented: "Build and Build. $BNB ". He also thanked all actors in the ecosystem, from "BTC maximalists" to "ETH holders", as well as "memecoin traders", "ETF candidates", "listed companies", and "enlightened regulators".
This message, tinged with humility and irony, not only aims to greet those who have contributed to the growth of BNB but also to reignite hope for a new bullish phase in the altcoin markets.
CZ's colossal fortune in BNB According to a Forbes estimate from 2024, CZ would own about 64% of the total circulating supply of BNB, approximately 95 million tokens. In light of the new price record, the value of his holdings in BNB alone now exceeds $76 billion.
If we add to this his stake in Binance's equity, his actual net worth could far exceed the $59.7 billion estimated by Bloomberg to date. It is worth noting that the U.S. financial agency attributes a low level of confidence to this estimate due to the lack of transparency regarding his personal cryptocurrency portfolios.
A greater benefit However, there are others in the community who focus their attention on the Ripple ecosystem rather than the value of XRP. User Max Avery comments on this: "Ripple is building a robust ecosystem".
Analyst Nico Cabrera added context by discussing Ripple's strategy. The company applied for a national banking license with the Office of the Comptroller of the Currency (OCC) and a Fed Master Account through Standard Custody, a company under its control.
The banking license would allow Ripple to operate as a federally regulated bank, which would generate greater trust among institutions and governments, enable the offering of advanced financial products, and position its stablecoin, RLUSD, as an option against competitors like USDC and USDT.
The Fed Master Account would grant Ripple direct access to the Federal Reserve to store RLUSD reserves, eliminating risks associated with intermediary banks and consolidating RLUSD as a highly secure stablecoin, with the potential to be seen as an attractive public-private solution for the U.S. government.
Nico Cabrera, analyst on the Ripple ecosystem.
Thus, based on these strategic moves, not only do they strengthen the position of RLUSD in the growing stablecoin market, valued at $250 billion, but they could also indirectly boost the value of XRP.
Therefore, based on this analysis, Ripple would benefit from the CLARITY Act, but more immediately from the GENIUS Act which has already been signed by President Trump.
For XRP, the Clarity Act is more critical, as it would resolve the legal issues that have affected its adoption. And it has greater potential to boost the value and adoption of XRP in the long term.
In the short term, the GENIUS Act may be more relevant to Ripple's institutional ambitions.
The central problem, according to Cava, is the supply of XRP. This was created with 100 billion pre-mined tokens, of which Ripple Labs still owns about 42% of the total. A large portion of this amount is in escrow accounts, from where up to one billion XRP is released monthly. "The fact that only one entity can control the supply contradicts the basic principle of the digital asset market that seeks decentralization," explained Cava.
This point is reiterated by skeptical voices in the community, such as Chad Collins, who was direct in pointing out that "the company Ripple owns the vast majority of the tokens, it is not decentralized at all." He believes that the reason why the court case is not resolved yet is that it is going to be labeled as a security. "Just wait, XRP is a complete trap for retailers and it is working," he added.
To all this, we must add the opinion of some members of the bitcoin community, who point out that "XRP is a CBDC disguised as a cryptocurrency."
XRP operates as a hybrid cryptocurrency. This means that it works both on the XRP Ledger (XRPL), a relatively decentralized public network, and on private platforms like Ripple CBDC Private Ledger and Ripple Payments, used by banks and financial entities to maintain exclusive control over payment flows.
This duality allows XRP to be a medium of exchange in both distributed and private systems, but it can lead to fragmentation, as not all transactions are publicly auditable, which could obscure part of the behavior of the XRP supply if synchronization with the public ledger is not guaranteed.
The basis of this hope lies in the possibility that the law will grant XRP the status of a commodity or digital basic product, placing it under the jurisdiction of the Commodity Futures Trading Commission (CFTC), an entity with a regulatory approach generally considered lighter than that of the SEC.
For assets like bitcoin, whose decentralization is widely recognized, this path seems almost certain. But for XRP, the story is much more complex. The debate is not new, and the legal battle between Ripple Labs and the SEC serves as a testing ground for the arguments from both sides.
User davfish88 defends the pro-commodity stance, arguing: "Do you know that XRP did not have an ICO (Initial Coin Offering)? Why would they label it as a security? I don't think that will happen. As soon as the CLARITY Act is approved, it will fall under the jurisdiction of the CFTC, in my opinion." He then reaffirmed his conviction: "Time will tell. I believe XRP will be labeled as a commodity. And it will happen this year, 2025."
An obstacle in the way However, not everyone shares this optimism. This is due to the decentralization proof that the CLARITY Act would require, should it be approved by Congress and signed by President Donald Trump.
X user Oxxyy13 offers another perspective. For him, XRP faces its greatest challenge: "Solana and XRP, among others, risk failing due to centralized control of validators or tokens. (…) XRP faces similar issues with Ripple's control over the token supply."
This criticism aligns with the argument of Spanish financial analyst José Luis Cava, who is blunt about it, stating that although "XRP is a technically complete network, the market price is controlled by a single entity.
XRP finally gets the green light with the CLARITY Act The community shares its views on the impact of the CLARITY Act on XRP. The regulation will define whether it is a commodity or a security, putting its decentralization to the test.
Its advocates hope that the law will classify it as a commodity, putting an end to the uncertainty.
Ripple's control over a large portion of the tokens threatens its decentralization under the law.
A bill in the U.S. Congress ignites the debate about the future of XRP. While some enthusiasts see a clear path for its classification as a commodity, others warn that decentralization tests could be an insurmountable obstacle for Ripple's token.
The legislative piece called the Payment Assets Clarification Act (CLARITY Act), passed by the House of Representatives on July 17, 2025, and pending review in the Senate, seeks to establish a clear regulatory framework to determine whether digital assets are securities (under the jurisdiction of the SEC) or commodities (under the CFTC).
Optimism crystallized through a message posted by user Xaif_Crypto, who suggested that the law could be the "green light" that XRP has been waiting for. This vision is shared by others, such as user DewmBoom, who stated: "If you don't own XRP, in my opinion, it's important to acquire some before the approval of the CLARITY Act. Before that, the SEC (Securities and Exchange Commission) will completely dismiss the case against Ripple, and that is also another bullish signal."
If BNB continues its upward trend, it could extend the rally towards its all-time high of $793.86. A successful close above this level could extend gains towards its Fibonacci extension level of 141.40% at $956.92, drawn from the August low of $400 to the all-time high in December of $793.86.
The Relative Strength Index (RSI) on the weekly chart is at 66, surpassing its neutral level of 50, indicating strong bullish momentum. The Moving Average Convergence Divergence (MACD) indicator on a weekly chart showed a bullish crossover in mid-May. The increasing green histogram bars above their neutral zero line suggest that bullish momentum is gaining traction.
On the daily chart, BNB broke above the upper trendline of a descending wedge pattern and reached its target at $709.29 on Wednesday. It continued the upward trend, closing above the next weekly resistance at $742 on Sunday. At the time of writing, on Monday, it is trading at a price above $760.
If the weekly level at $742 holds as support, BNB could extend the rally towards its all-time high of December 4 at $793.86.
The RSI on the daily chart is at 83, indicating an extreme overbought condition, which traders should be cautious of. The MACD indicator on the daily chart showed a bullish crossover in early July that is still holding. The increasing green histogram bars above their neutral zero line suggest that bullish momentum is gaining traction.
However, if BNB faces a correction, it could extend the drop towards its weekly support at $709.29.
BNB records its highest weekly close, aiming for a new all-time high
The price of BNB closes at a record weekly high of $756.82, marking a gain of 9.37% in the last week. Derivatives data shows that BNB's Open Interest reaches its highest level of the year at $1.050 billion on Monday, indicating growing confidence among investors. The technical outlook suggests a continuation of the rally, with a target beyond its all-time high of $793.86.
BNB (BNB), formerly known as Binance Coin, continues to trade higher above $762 at the time of writing on Monday, after closing at its highest weekly level in history and gaining over 9% last week. Derivatives data supports a bullish thesis, as Open Interest (OI) reaches an annual high of $1.050 billion, reflecting renewed investor interest. Technical analysis also suggests a continuation of the rally, with a target at its all-time high of $793.86 and potentially entering a price discovery mode.
Binance Coin's Open Interest reaches an annual high of $1.050 billion CoinGlass data shows that the OI of BNB futures on exchanges rises to a new annual high of $1.050 billion on Monday from $829.50 million on Wednesday. A rising OI represents new or additional money entering the market and new purchases, which could fuel the current price rally of BNB.
BNB Price Forecast: BNB heads towards its all-time highs
The price of BNB on the weekly chart has risen over 9% and closed at its highest weekly level to date at $756.82. At the start of this week, on Monday, it continues to trade higher above $760.