Coindesk

WASHINGTON, D.C. — Securities and Exchange Commission (SEC) Chairman Paul Atkins said his agency is launching "Project Crypto" with an aim to make a quick start on the new crypto policies urged by President Donald Trump.Atkins announced the new initiative in a Thursday speech at the America First Policy Institute, saying the effort will be rooted in the recommendations of the President's Working Group report issued Wednesday by the White House. He described it as "a commission-wide initiative to modernize the securities rules and regulations to enable America’s financial markets to move on-chain.""I have directed the commission staff to draft clear and simple rules of the road for crypto assetdistributions, custody, and trading for public notice and comment," Atkins said....

Tether International Ltd., the holding company behind the largest stablecoin, USDT, posted second-quarter net profit of $4.9 billion.The company held over $162.5 billion in reserves against $157.1 billion in liabilities, the USDT tokens issued, according to the latest attestation by accounting firm BDO. That puts excess reserves at $5.4 billion.Exposure to U.S. Treasuries, including direct holdings and instruments like money market funds and overnight reverse repurchase agreements, rose past $127 billion as it issued more than $13 billion of USDT in the quarter.The company said it booked year-to-date recurrent profits of $3.1 billion, and another $2.6 billion in mark-to-market contributions of gold and bitcoin (BTC) price appreciation. The firm held roughly $8.9 billion in BTC in the reserves, translating...

Yesterday, July 30th, was the 10-year anniversary of Ethereum’s launch. In today’s Crypto for Advisors newsletter, Alec Beckman from Psalion writes about Ether’s growing role as a treasury reserve asset and highlights growing trends.Then, Eric Tomaszewski from Verde Capital Management answers questions about Ether as an investment in Ask an Expert.Thank you to our sponsor of this week's newsletter, Grayscale. For financial advisors: register for the upcoming Minneapolis event on September 18th.- Sarah MortonUnknown block type "divider", specify a component for it in the `components.types` optionEthereum: The Rising Treasury Asset Reshaping Corporate FinanceEther, the cryptocurrency of the Ethereum blockchain, is rapidly being adopted by public companies as a strategic treasury asset, an evolution that is helping to reshape corporate finance and...

Global payments provider Visa (V) is expanding its stablecoin settlement platform to new blockchains and stablecoins, the company announced on Thursday.The firm will now support two dollar-pegged tokens, PayPal USD (PYUSD) and Global Dollar (USDG), through a partnership with Paxos. It is also adding the euro-backed EURC, issued by Circle Internet (CRCL), giving partners access to settlement in both U.S. dollars and euros.Two new blockchains, Stellar (XLM) and Avalanche (AVAX), will join Visa’s existing support for Ethereum (ETH) and Solana (SOL). With the additions, the firm's settlement platform supports four stablecoins, including USDC, across four blockchains.The update comes as stablecoins gain traction among payment providers, fintechs and banks seeking faster cross-border transactions. A giant in traditional payments, Visa was an...

Ether (ETH) hovered near $3,800 on Thursday as increasingly bullish price targets circulated on crypto social media, including one analyst who outlined a case for $16,000 based on long-term technical setups and sustained institutional inflows."Edward", a popular chart analyst on X, argued in a Thursday post that a five-digit ether price is now within reach, pointing to a “clean ascending triangle” formation on the monthly ETH chart. This structure, commonly seen as a pre-breakout pattern, mirrors technical conditions observed in 2020 — just before ether embarked on a 2,000% rally.In Edward’s view, a decisive breakout above $4,000 could trigger a similar move, with the triangle’s projected vertical range implying potential upside toward the $15,000–$16,000 zone. “The structure is there. Demand...