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Atkins’ speech, titled with the subtlety of a fireworks manifesto—“American Leadership in the Digital Finance Revolution”—unveiled Project Crypto, a bureaucratic ballet to modernize securities law for the blockchain age. “We are at the threshold of a new era,” he droned, as if reciting from a script written by a sleep-deprived poet. The SEC chair, with the gravitas of a man who’s never met a metaphor he didn’t like, promised to “modernize the SEC’s custody requirements” while defending self-custody like it was the last loaf of bread in a post-apocalyptic world. One could almost hear the crickets of Wall Street’s compliance departments.

It happened, as these things invariably do. A little chill in the air, a slight downturn in fortunes. Crypto, mimicking the world of U.S. equities, began to…reluctantly descend. A market, already weary from expectation, now forced to readjust. Bitcoin [BTC], that digital phantom, briefly dipped below $115K, then, with a sigh, remembered its level. The S&P 500 Index (SPY) yielded 37 basis points, a meager subtraction in the grand ledger of things.

After a rather exuberant little sprint in July – going from a sensible $2.30 all the way up to a slightly dizzying $3.60 – XRP has decided a ‘correction’ is in order. A correction! As if needing a lie-down with a cool compress. As of right now, it’s hovering around $2.93. Still not terrible, really, and well above the “important support zones” (whatever those are). But yes, it’s sadly below that psychologically important $3 mark. We all have our prices, don’t we?

This guide takes you through the labyrinth of options: the titans, the wizards, and the overhyped hype machines. Think of it as a Sherlock Holmes mystery, but with less cocaine and more blockchain. From compliance temples to scalability fortresses, we’ve got the scoop—and a few snarky remarks, because who doesn’t need a laugh amidst all this digital chaos? 😏

The Bitcoin network’s current vibe? It’s like watching a reality show where the contestants are all dehydrated. Energy consumption has doubled since 2024, but miners are earning less than a barista at a cat café. The GoMining report reads like a horror story for the crypto crowd: “Hey, guess what? You’re using enough power to light up Liechtenstein, but your transaction fees are the equivalent of finding a penny in a couch cushion.”

PeckShield looked into the digital carnage and calculated that July’s total losses hit $142 million, up from June’s mere $111.6 million. Seventeen hacks, with most of the action clustered in just five incidents. If you run a crypto platform and didn’t get hacked, I suppose that’s your newsletter win for the month. 🏆

Licensed by the Astana Financial Services Authority (AFSA), a name that sounds like a bureaucratic fairy tale, C&E claims to shield you from the labyrinth of regulations. It operates on a SaaS model, which is to say, it’s the Uber of crypto exchanges: you don’t own the car, but you sure ride in it. Up and running in days? Why, yes, even the most inept entrepreneur can now pretend to be a tech genius.

Behold, the list of orators, each a titan in their own right, and what to anticipate from their lofty speeches. 🎤

The stage was set: a long Bitcoin position, a bet on the eternal bull, a dance with the devil himself. But the market, that fickle mistress, had other plans. Tariffs loomed like storm clouds, and the Federal Reserve, ever the silent specter, withheld its mercy. The pullback came, swift and merciless, and AguilaTrades, once a titan, was reduced to ashes. 🌪️💔

Meanwhile, the global crypto market cap has shrunk a tad to $3.85 trillion — which is roughly the combined ego of a dozen influencers — down over 6% in the last 24 hours. Trading volume, however, has surged to about $180 billion, because nothing says confidence like chaos, apparently. Short-term volatility, like a toddler on a sugar rush, was expected following the Fed’s rate decision, but the overall market sentiment? Well, it’s as mixed as a smoothie made from opinions and nonsense.