The CFTC still doesn’t have a permanent chair, but there are reportedly several pro-crypto contenders who are under consideration to lead the agency. Almost a year into the second term of US President Donald Trump, the Commodity Futures Trading Commission (CFTC) still doesn’t have a permanent head. Former CFTC Commissioner Brian Quintenz was Trump’s top choice for the role. A confirmation vote was expected by the end of July but was stalled at the request of the White House. Reportedly, the Winklevoss brothers didn’t want Quintenz as chair because he wouldn’t sufficiently protect the cryptocurrency industry. So, who will it be? In recent weeks, several different names have appeared as possible candidates, including former commissioners and policy experts. The White House has not confirmed its choice, but some names have been floated by insiders. Read more
US President Donald Trump’s son Eric told the New York Post that stablecoins could “save the US dollar,” and defended his family’s crypto ventures. Eric Trump, son of US President Donald Trump and a businessman with several crypto ventures, said stablecoins could preserve the US dollar’s strength. In an interview with The New York Post published Friday, Eric Trump said he is convinced stablecoins will “save the US dollar.” He highlighted USD1, the stablecoin tied to the Trump family’s crypto project, World Liberty Financial, which has drawn scrutiny in Washington. When plans by World Liberty Financial (WLFI) — the Trump family-backed crypto project — were revealed in late March, critics raised conflict of interest concerns. Attorney Andrew Rossow told Cointelegraph at the time that the stablecoin is “a direct affront to constitutional safeguards meant to prevent conflicts of interest.” Read more
Since the peak of the Trump news-driven rally, Cronos has lost more than $6 billion, or nearly 50% of its market cap. Cronos, the native cryptocurrency of Crypto.com’s Cronos Chain, has faced significant selling pressure since the launch of the Trump Media Group CRO Strategy last month. On Aug. 26, Trump Media and Technology Group (TMTG), the operator of Truth Social and majority-owned by the Donald J. Trump Revocable Trust, announced a joint $6.4 billion Cronos (CRO) treasury. The announcement sparked an immediate 40% rally in CRO’s price. However, since then, the token has steadily declined, almost erasing those gains as CRO tumbled below $0.19 on Thursday, approaching pre-announcement levels, according to CoinGecko data. Read more
With stablecoin rules taking shape and tokenized assets entering the market, blockchain’s foundation is being tested and layer-1s are proving their staying power. In 2025, the crypto industry is shifting from hype to utility. Stablecoin frameworks are taking shape, tokenized assets are entering mainstream markets, and artificial intelligence is beginning to transact on-chain. At the center of these changes, layer-1 blockchains are being redefined not as experiments, but as the infrastructure powering real-world adoption. “Layer-1s are still the backbone of the industry,” said Marc Vanlerberghe, chief strategy and marketing officer at the Algorand Foundation, on this week’s episode of Decentralize with Cointelegraph. Read more
Decentralized digital communities can democratize AI governance through transparent, community-led frameworks that prioritize public good over profit. Opinion by: Jarrad Hope, co-founder of Logos As AI rapidly scales, humans are left at an ideological impasse on managing this new technology. Either choose to allow governments and companies to dominate how AI is trained and used to create policies that control our lives, or call for new governance models built with a foundation grounded in transparency, regeneration and public good. Network states, digital communities leveraging blockchain to form borderless societies, present a significantly improved approach to harmonizing AI with human well-being. With technology continually advancing the scope of digital augmentation, it’s essential to establish a new category of AI development administration focused on serving people, not power. Read more
Vesting NFTs jumped to the top of CryptoSlam’s daily sales chart on BNB Chain, highlighting demand for liquidity solutions in token lockups. Vesting NFTs surged to the top of data aggregator CryptoSlam's daily sales volume rankings on Friday, generating over $12.4 million on BNB Chain. The sharp spike placed the niche non-fungible tokens (NFTs) product ahead of legacy digital art collections like CryptoPunks and Pudgy Penguins, signaling that investors are showing interest in new forms of liquidity for vested tokens. The activity surge also made BNB Chain the top network for daily NFT sales with about $14 million, almost doubling Ethereum’s $7 million for the day. Read more