This week, cryptocurrency news was dominated by SEC Chair Paul Atkins' call to reshore crypto businesses to the US, promoting clearer regulations for digital assets. He introduced 'Project Crypto' to modernize SEC regulations in response to recommendations from the President's Working Group. Deloitte's survey revealed that 99% of CFOs from billion-dollar firms plan to utilize crypto long-term, with 23% expecting treasury departments to adopt it in the next two years despite concerns over volatility and regulatory uncertainty. Meanwhile, the UK’s FCA announced a lift on its ban for crypto exchange-traded notes, allowing retail access once more. In other news, CoinDCX faced scrutiny after an employee was arrested in connection with a $44M hack, and crypto hacks totaled over $142M in July alone. Leading cryptocurrencies saw notable price changes, with XRP showing signs of a potential 20% rally based on bullish divergence in its trading patterns. Overall, the crypto space is navigating regulatory shifts and evolving market dynamics.

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