Embedding human rights into crypto systems is a necessity. Self-custody, privacy-by-default, and censorship-resistant personhood must be core design principles for any technology. The future of digital freedom depends on it. Opinion by: Shady El Damaty, co-founder of Human.Tech Beyond the hype of accelerationist and technophile circles, a quiet crisis of confidence is taking hold in emerging technologies. Crypto and decentralized identity solutions still carry enormous potential to empower individuals and distribute power — but many builders and users are sounding the alarm. Their disillusionment stems from real concerns: surveillance overreach, centralization disguised as innovation and tools that serve power, not people. Read more
James Wynn has opened high-risk leveraged trades on Ether and PEPE worth over $23 million after a $536,000 USDC deposit into Hyperliquid. James Wynn, a crypto trader known for his high-leverage crypto bets, has initiated two major leveraged positions, including a 25x long on Ether (ETH) and a 10x long on PEPE (PEPE). According to onchain data, Wynn’s Ether position amounts to 3,269 ETH, valued at approximately $12.12 million, with an entry price of $3,726.28. His kPEPE (the name for the $PEPE-USD futures contract on Hyperliquid) long spans a staggering 812.16 million tokens, worth roughly $11.28 million at an average entry of $0.01358. At the time of writing, Wynn is sitting on a $251,617 unrealized profit from his PEPE position, while his ETH bet is currently down over $62,700. The ETH trade faces liquidation at $3,492.8, while the PEPE position’s liquidation level sits at $0.012998. Read more
The GENIUS Act marks a turning point for crypto regulation, but experts say true integration with finance and identity systems is only beginning. The proclaimed Crypto Week has concluded with significant regulatory progress, including the passage of the much-anticipated GENIUS Act. However, industry experts claim the regulatory clarity is just the foundation for what lies ahead. “Clarity is just a starting point, not an endpoint,” Leo Fan, co-founder of Cysic, told Cointelegraph. He pointed to the need for scalable blockchains, instant verification systems, and trusted custody for further integration. Fan acknowledged that Crypto Week delivered “legal clarity,” with the GENIUS Act formally recognizing that not all crypto assets are securities. He called this a “foundational shift” that provides a “green light for developers, investors, and institutions to build and deploy with clearer legal guardrails.” Read more
Circle’s Dante Disparte says the GENIUS Act ensures tech giants and banks can’t dominate the stablecoin market without facing strict structural and regulatory hurdles. The GENIUS Act contains a little-noticed clause that prevents technology giants and Wall Street behemoths from dominating the stablecoin market, according to Circle Chief Strategy Officer Dante Disparte. “The GENIUS Act has what I’d like to call — just for my own legacy sake — a Libra clause,” Disparte told the Unchained podcast on Saturday. Any non-bank that wants to mint a dollar-pegged token must spin up “a standalone entity that looks more like Circle and less like a bank,” clear antitrust hurdles and face a Treasury Department committee with veto power over the launch. Banks don’t get a free pass either. Lenders that issue a stablecoin must house it in a legally separate subsidiary and keep the coins on a balance sheet that carries “no risk-taking, no leverage, no lending,” Disparte noted. Read more
Cardano founder Charles Hoskinson says he will read the full audit report over a livestream when it is released next month. Cardano founder Charles Hoskinson says he has requested further transparency on the initial audit of his firm Input Output Global’s (IOG) ADA holdings, but anticipates it will be ready for public release within a month. “I just received the first copy of the audit report. I requested a lot more detail and context in several areas, but it’s shaping up quickly,” Hoskinson said in an X post on Saturday. “I believe we are on schedule for a mid-August release, assuming the work continues at this pace and there are no delays,” he added. Read more