Trump Signs Executive Order Allowing Crypto In 401(k) Retirement Plans

Trump Signs Executive Order Allowing Crypto In 401(k) Retirement Plans

U.S. President Donald Trump has signed an executive order allowing cryptocurrencies and private equity investments in 401(k) retirement plans. This move could unlock millions of dollars into

crypto markets, enhancing their mainstream adoption.

The Department of Labor’s earlier cautionary guidance on crypto in retirement plans was rescinded in May. Now, new rules will treat digital assets like any other investment class.

Wealth managers, who previously avoided crypto due to regulatory uncertainty, may now revisit the asset, possibly boosting inflows into bitcoin ETFs and other digital assets.

Ripple & SEC End Legal Fight After Four Years

The long-running legal battle between the U.S. SEC and Ripple Labs has officially ended. Both parties informed the court they are dropping their appeals over the 2023 ruling.

The case, which began in 2020, revolved around whether Ripple’s XRP token constituted a security. Last year, a judge ruled XRP sales to institutional investors violated securities law, resulting in $125 million in penalties.

By ending appeals, the parties accept the court’s finding. Ripple CEO Brad Garlinghouse confirmed the conclusion, which closes a significant chapter in crypto regulation.

SharpLink Raises $200M To Grow ETH Holdings Beyond $2B

SharpLink Gaming has raised $200 million via a direct offering to expand its Ethereum holdings to over $2 billion. The Nasdaq-listed firm entered a deal with four institutional investors, pricing shares at $19.50 each.

The company’s ETH reserves now total 521,939 ETH, valued near $2 billion at current prices. Shares rose 3.3% following ETH’s price rally above $3,800.

SharpLink joins a growing list of firms adopting an ether treasury strategy, using funds to accumulate and stake ETH for long-term returns and staking rewards.

Nasdaq-listed Cosmos Health Launches $300M ETH Treasury Strategy

Cosmos Health, a Nasdaq-listed firm, has announced a $300 million facility to support an Ethereum-based treasury strategy. Funds will be raised through convertible promissory notes.

At least 72.5% of each tranche will be used to accumulate ETH, while the rest goes toward business operations. Custody and staking will be handled by BitGo.

CEO Grigoris Siokas called the initiative a “strategic milestone” offering shareholders direct exposure to ETH. This move supports Cosmos Health’s blockchain transformation in areas like supply chain, wellness, and U.S. expansion.

Tether Leads $35M Investment In Spanish Exchange Bit2Me

Tether has led a $35M investment round in Bit2Me, a Spanish crypto exchange, through its El Salvador-based venture arm.

Bit2Me recently became the first Spanish-speaking fintech approved under the EU’s MiCA framework, enabling operations across Europe.

Tether CEO Paolo Ardoino praised the firm for advancing regulated crypto services. Bit2Me plans to expand in Latin America, especially Argentina, where it holds a VASP license.

Other backers include Telefónica and Spanish banks like BBVA and Unicaja. The deal’s full terms, including Tether’s stake size, weren’t disclosed.

ProShares Launches ETF To Double Circle Stock Returns

ETF provider ProShares has launched the “Ultra CRCL ETF”, designed to double the daily performance of Circle’s stock.

The ETF follows Circle’s recent IPO and a 134% stock rally driven by adoption of its USDC stablecoin and favorable legislation.

This launch gives traders leveraged exposure to Circle without borrowing directly.

It arrives shortly after lawmakers passed the GENIUS Act, which sets a regulatory framework for payment stablecoins. Investors bullish on digital dollars and Circle’s growing role in crypto finance may find CRCA an appealing tool.

Animoca Launches NUVA To Unite Tokenized Real-world Assets

Animoca Brands has launched NUVA, a new marketplace focused on tokenized real-world assets, aiming to solve what it calls a fragmented RWA space.

Developed with ProvLabs and built on the Provenance Blockchain, NUVA launches with products like YLDS, a yield-bearing stablecoin security and HELOC, i.e. home equity loans.

These are offered through “vaults,” making them more accessible for everyday investors. NUVA helps bring liquidity and interoperability to illiquid assets by enabling trading across blockchains.

The platform targets institutional and underserved investors exploring asset-backed digital finance.

Winklevoss Twins Invest In Trump Family’s Bitcoin Mining Firm

Cameron and Tyler Winklevoss have reportedly invested in American Bitcoin, a mining firm co-founded by Donald Trump Jr. and Eric Trump.

This deepens their ties with the Trump family, following a $2 million donation to Trump’s 2024 campaign and participation in key crypto events, including a White House summit.

American Bitcoin is planning to go public via a merger with Gryphon Digital Mining.

Meanwhile, Gemini, the twins’ crypto exchange, recently filed for a U.S. IPO and had an SEC probe dropped earlier this year over its Earn program.

Jack Dorsey’s Block Adds 108 Bitcoin, Sees Profit Growth In Q2

Jack Dorsey’s Block Inc. added 108 bitcoins in Q2, bringing its total to 8,692 BTC — now worth $1.15 billion at current prices.

The company reported $6.05 billion in Q2 revenue and an 8.2% rise in gross profit to $2.54 billion. Of that, $2.14 billion came from bitcoin sales via Cash App, with a $66 million profit.

Block also recorded a $212.2 million gain from remeasuring its bitcoin holdings.

The consistent BTC purchases reflect Dorsey’s belief in bitcoin as a treasury asset and part of long-term corporate strategy.

Curve Finance Launches On Etherlink To Bridge Tezos & Ethereum

Curve Finance has gone live on Etherlink, a Tezos-based smart rollup blockchain, aiming to bridge Ethereum and Tezos ecosystems.

This move brings Curve’s stablecoin trading tools to Tezos, improving liquidity and allowing seamless swaps at lower cost.

Etherlink offers fast, low-fee transactions and on-chain governance, which makes it an attractive base for DeFi expansion.

Curve expects the integration to benefit traders by reducing slippage and enhancing access to stablecoin liquidity. The move also signals growing cooperation between major blockchain ecosystems.

You need to login in order to Like