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