Keep within the loop with our weekly crypto digest as we get you on top of things on the most popular developments and occasions within the crypto area.
Right here’s what occurred in crypto this week:
Coinbase To Introduce Tokenized Shares And Prediction Markets For US Customers
Coinbase is about to roll out tokenized shares and prediction markets for US customers within the coming months, intensifying competitors with platforms like Robinhood and Kraken, per latest CNBC studies.
Coinbase has been pushing for SEC approval to supply blockchain-based equities, a transfer that would redefine retail entry to non-public firm shares.
Introducing prediction markets alerts Coinbase’s ambition to diversify past crypto buying and selling. It faucets into speculative curiosity, doubtlessly drawing a broader consumer base whereas difficult current fintech giants.
SEC Chair Paul Atkins Launches Mission Crypto Initiative, Says Most Crypto Property Are Not Securities
US Securities and Alternate Fee (SEC) Chair Paul Atkins introduced the launch of Mission Crypto, a sweeping Fee-wide initiative to modernize securities rules for crypto belongings.
In assist of President Trump’s imaginative and prescient to make the US the “crypto capital of the world,” the initiative goals to determine clear guidelines for the distribution, custody, and buying and selling of crypto belongings, whereas fostering innovation via tailor-made exemptions and regulatory flexibility.
Notably, Mission Crypto will deal with a number of key areas, together with creating clear tips for figuring out whether or not crypto belongings are securities, creating purpose-fit disclosures and protected harbors for token distributions, modernizing custody necessities, and enabling “super-apps” that may provide a number of crypto companies beneath a single license.
“Most crypto belongings are usually not securities,” Atkins said. “However confusion over the applying of the ‘Howey take a look at’ has led some innovators to prophylactically deal with all crypto belongings as such.”
The SEC will work with the Crypto Activity Pressure to swiftly develop proposals implementing the PWG’s suggestions.
Tether Surpassed South Korea To Grow to be The 18th Largest Holder of US Treasuries
Tether, the issuer of the world’s largest stablecoin USDT, has turn out to be the 18th largest holder of US Treasury securities, surpassing South Korea on this class with roughly $127 billion in holdings as of July thirty first, 2025.
This contains $105.5 billion in direct Treasury holdings and an extra $21.3 billion in oblique holdings, a big enhance from its Q1 2025 reserves.
The event highlights Tether’s rising affect in world finance and displays how main stablecoin suppliers are more and more reshaping conventional monetary ecosystems.
The corporate’s rising Treasury holdings and monetary transparency counsel a strategic effort to align with institutional expectations whereas sustaining its market management. As Tether continues to develop its reserve belongings and broaden its US footprint, it’s more likely to face each alternatives and challenges in an more and more regulated monetary surroundings.
UK Regulator FCA To Open Retail Entry To Crypto ETNs
The UK’s Monetary Conduct Authority (FCA) is lifting its ban on crypto exchange-traded notes (ETNs) for retail buyers, permitting buying and selling on FCA-approved exchanges beginning October eighth, 2025.
The FCA’s transfer reverses a 2021 ban on retail entry to crypto derivatives and ETNs, aiming to steadiness investor entry with market stability. This targets regulated UK exchanges just like the London Inventory Alternate.
Not like US spot crypto ETFs, ETNs don’t essentially maintain underlying belongings immediately. As a substitute, they’re debt securities issued by monetary establishments that promise to pay the holder a return monitoring an asset’s efficiency minus charges and bills.
Solana Cellular Seeker Smartphone Begins Delivery With 150K Preorders
Solana Cellular begins world transport of its second-gen Web3 telephone, Seeker, on August 4th, 2025, following over 150,000 preorders throughout 57 nations.
The gadget, priced between $450–$500, options {hardware}‑primarily based Seed Vault, Genesis Token, and upgraded Solana dApp Retailer.
Leveraging the brand new TEEPIN structure and launching its native SKR token, Seeker goals to redefine cellular Web3 experiences.
CFTC Kicks Off New ‘Dash’ Initiative To Advance Trump’s Crypto Regulatory Roadmap
The Commodity Futures Buying and selling Fee (CFTC) has launched a ‘Crypto Dash‘ initiative to fast-track Trump’s imaginative and prescient for digital asset regulation, aiming for readability and innovation within the US crypto area.
This new effort by the CFTC focuses on implementing suggestions from a presidential working group, prioritizing a regulatory framework that helps progress whereas addressing dangers within the digital asset market.
Working alongside the Securities and Alternate Fee (SEC) on “Mission Crypto,” the initiative targets 24/7 buying and selling guidelines and DeFi readability, signaling a joint push for a cohesive regulatory surroundings.
Barry Silbert Returns To Grayscale As Chairman As The Agency Prepares To Go Public
Barry Silbert, founding father of Digital Forex Group (DCG), has returned as chairman of Grayscale Investments because the agency gears up for a possible Preliminary Public Providing (IPO).
“I’m honored to rejoin the Grayscale board at a defining second for each the corporate and the broader digital asset ecosystem,” Silbert mentioned. “I proceed to have deep conviction within the firm’s long-term positioning and within the management staff guiding it ahead.”
Silbert’s comeback follows his resignation in 2023, with Mark Shifke stepping down from the chairman position however staying on as a director.
Grayscale’s confidential submitting for a US IPO, as reported lately, displays rising confidence in crypto’s public market attraction, particularly with Bitcoin hitting file highs. Silbert’s management may steer this pivotal transition.
Trump Might Quickly Signal An Govt Order To Penalize Banks For Discriminating Towards Crypto Companies
The White Home is reportedly getting ready an govt order to impose sanctions on banks that discriminate in opposition to or drawback prospects for political and non secular causes, in response to the Wall Avenue Journal (WSJ).
Notably, the chief order is alleged to require banks to revise their tips to make sure that sure industries, such because the digital asset sector, are usually not excluded on the grounds of ‘buyer repute threat.’
In response to the draft govt order secured by the WSJ, monetary authorities will examine whether or not monetary establishments violate legal guidelines such because the Credit score Equality Alternative Act, the Antitrust Act, and the Shopper Monetary Safety Act.
If violations are confirmed, penalties corresponding to fines and consent orders will be imposed.
US SEC Updates Accounting Tips For Greenback Stablecoins
In response to a Bloomberg report, the US Securities and Alternate Fee (SEC) has up to date its employees steering on accounting guidelines for stablecoins. The core of the brand new steering states that if a US dollar-pegged stablecoin has a assured redemption mechanism and its worth stability is linked to a different class of belongings, it might be categorized as a “money equal.”
Whereas the SEC is formulating broader cryptocurrency regulatory guidelines, this newest interim steering is a part of Chairman Paul Atkins’ efforts to elevate restrictive measures.
For instance, in April of this yr, the SEC clarified that “lined” US greenback stablecoins are usually not thought of securities and confirmed that entities engaged within the issuance and redemption of such stablecoins don’t have to register these actions with the company.
US SEC Says Sure Liquid Staking Actions Are Not Securities
The US Securities and Alternate Fee’s (SEC) Division of Company Finance clarified that some liquid staking actions, together with issuance and redemption of receipt tokens, don’t rely as securities choices.
When staking is structured via self, custodial, or delegated fashions with out entrepreneurial efforts, it falls outdoors securities legislation. This offers clearer tips for compliant staking companies.
The steering applies to protocol-based and third-party supplier fashions, supplied their actions stay per the outlined parameters. Nonetheless, the SEC cautioned that liquid staking companies extending past the described scope or involving extra managerial capabilities may nonetheless set off securities legal guidelines.
Remaining Ideas
In order that’s it for this week!
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