XRP eyes 20% surge in August, crypto returns to US: Hodler’s Digest, July 27 – Aug. 2

Key Points

1. SEC Chair Paul Atkins advocates for the US to become a global hub for digital assets, urging crypto companies to establish operations domestically.

2. The US SEC introduces 'Project Crypto' to revise regulations for digital assets, addressing classification and compliance concerns.

3. A Deloitte survey reveals that 99% of CFOs plan to use cryptocurrencies long-term, with 23% expecting adoption within two years.

4. The UK’s FCA lifts its ban on crypto ETNs for retail investors, effective October 8, marking a shift in regulatory stance.

5. An employee of CoinDCX was arrested in connection with a $44M hack, with internal investigations pointing to compromised credentials.

6. XRP shows signs of a potential 20% price surge in August, indicated by a bullish divergence on its four-hour candle chart.

7. Crypto hacks in July totaled $142M across 17 attacks, with CoinDCX being the most significant victim, though this represents a 46% drop from July 2024.

8. Tornado Cash co-founder Roman Storm faces up to 40 years in prison if convicted of money laundering and sanctions violations.

9. Indonesia increases crypto tax rates, raising income tax on crypto sales from 0.1% to 0.21% and VAT on exchange transactions from 0.2% to 1%.

10. Ethereum’s roadmap aims to achieve 10,000 TPS using ZK technology, as detailed in a guide on zkEVMs and real-time proving.