WhiteboardCrypto News - August 2

Welcome back to this week's edition of our WhiteboardCrypto Newsletter!

SEC’s “Project Crypto” promises new rules for blockchain and tokenized finance

The U.S. Securities and Exchange Commission formally launched “Project Crypto,” an ambitious plan to modernize blockchain regulation. It emphasizes user self-custody rights and seeks to clarify how the SEC and CFTC should govern. The initiative could make it easier for crypto firms to comply and for institutional money to enter the space.

Learn more here.

U.S. jobs report boosts hopes for Fed rate cuts—and crypto tailwinds

July's disappointing jobs numbers may force the Federal Reserve to resume rate cuts in September. That’s usually a bullish signal for crypto markets. Gold and bonds jumped on the news, while Bitcoin briefly recovered from early losses.

Learn more here.

CoinDCX engineer arrested in $43M exploit tied to malware

Police in India arrested a CoinDCX software engineer for allegedly aiding in a $43.4 million crypto theft. Authorities believe overseas freelancing may have exposed login credentials. The incident raises red flags about developer endpoint security.

Learn more here.

Thanks for reading and I hope you learned something!

- Theodore