Circle unveiled plans for its own stablecoin-focused Layer 1 blockchain, Arc, on Tuesday, expected to launch on public testnet this fall.
The move would see World Liberty Financial join other crypto treasury firms, and comes as Trump adopts pro-crypto policies.
On Thursday, the decades-old wall separating US retirement accounts from direct crypto exposure came down — and the potential capital inflow is staggering. President Donald Trump signed an executive order that will open 401(k) retirement plans to a broader range of alternative assets, including private equity, real estate, and — for the first time — crypto assets such as Bitcoin, Ethereum, and Solana. Is A Trillion-Dollar Crypto Flood About To Hit? The news marks a sharp reversal from the US Department of Labor’s (DOL) aggressive stance just three years ago, when the agency issued an unprecedented warning urging retirement plan providers to “exercise extreme caution” before offering crypto in 401(k) plans. As Ryan Rasmussen, Head of Research at Bitwise Asset Management, noted, “It was the first — and only — time the DOL singled out an asset class like this. Not even junk bonds or ESG funds.” In 2022, the DOL went further, stating that adding crypto to a 401(k) could be interpreted as a failure to meet the required fiduciary standard of professional care. The message was unambiguous: providers who failed to meet that standard could be held personally liable for any losses. This effectively froze the market before it began. “401(k) providers had to decide if adding crypto to plans was worth the risk of DOL scrutiny. Most didn’t,” Rasmussen explained. The chilling effect was immediate — sponsors backed off, firms paused crypto-linked retirement products, and investors “missed out on life-changing returns.” Related Reading: USDC Emerges As Top Pick In Booming Crypto Payroll Trend—Survey By mid-2025, however, the tide had turned. Mounting legal pressure, pushback from 401(k) providers, and Congressional criticism of regulatory overreach led the DOL to rescind its “extreme caution” guidance in full. More strikingly, the agency admitted that its 2022 approach was a deviation from its historically neutral treatment of investment strategies. As Rasmussen put it, “Once again, the US government admitted it had singled out crypto.” Now, the executive order will not merely remove the roadblocks but actively open the gates. According to Bloomberg data cited by Rasmussen, the US 401(k) market is valued at approximately $12.5 trillion. Even a 1% allocation to crypto would translate to $125 billion in inflows; a 10% allocation could reach $1.25 trillion. Rasmussen believes the earliest beneficiaries will be assets with existing exchange-traded fund (ETF) structures, naming Bitcoin, Ethereum, and Solana, while adding that “a rising tide lifts all boats.” More Implications For industry observers, the implications extend beyond a one-time capital injection. Tom Dunleavy, Head of Venture at Varys Capital, stressed that the mechanics of 401(k) investing create a powerful and persistent demand driver. “In the US, roughly 100 million Americans have a retirement investment vehicle known as a 401(k),” Dunleavy explained. Related Reading: Crypto Is Here To Stay—Even The SEC Can’t Do Anything About It, Analyst Says “Every 2 weeks, a portion of their paychecks are routed directly into purchasing a mixture of stocks and bonds… This is a HUGE driver of the equity market run and resilience over the past 20 years. A constant background bid for assets.” With around $50 billion entering these funds biweekly, even a modest portfolio allocation to crypto — 1%, 3%, or 5% — could create recurring inflows of $120 billion to $600 billion annually. “And these aren’t one-time flows. THEY KEEP BUYING ONCE ALLOCATIONS ARE SET,” Dunleavy emphasized. Jan Happel and Yann Allemann, the founders of Glassnode and Swissblock, are already calling the move a watershed for mainstream adoption. They remarked via X, “People don’t realize yet how big today’s news has been for crypto… this will be seen as the watershed moment for mainstream adoption, much more than the ETF.” Scott Melker, known as “The Wolf of All Streets,” highlighted the transformational nature of the change: “Until now, the average American couldn’t touch Bitcoin or Altcoins in a 401(k). Soon, they might be able to DCA and trade like a degen tax-free for decades. This isn’t just policy — it’s a paradigm shift.” As Dunleavy summed it up, with 401(k)s and direct asset trusts in place, the policy “put[s] a ridiculous floor under crypto going forward and move[s] the limit from the moon to Jupiter.” At press time, the total crypto market cap stood at $3.82 trillion. Featured image created with DALL.E, chart from TradingView.com
The move comes amid growing demand for enhanced security and efficient trading, with other crypto exchanges exploring similar solutions.
In a bold move that could reshape the crypto landscape, the US President is reportedly preparing to sign an executive order aimed at protecting access to BTC and digital assets. If enacted, this landmark policy would redefine the relationship between digital assets and the US financial system. Bitcoin Steps Into The Political Spotlight Bitcoin has officially entered the hall of power, as the US President Donald Trump is preparing to sign an executive order that would prohibit banks from refusing services to Bitcoin and crypto-related companies. This move signals a major shift in the US policy and ends years of financial censorship against the crypto industry. Related Reading: Strategy Expands Bitcoin Holdings With Massive Third-Largest Acquisition According to a crypto enthusiast, Henry, with this impending order, the crypto industry appears to be getting serious respect from the White House, after years of regulatory uncertainty and political pushback. In the coming days, Henry suggests that positive developments are on the horizon, especially involving Federal Reserve Chair Jerome Powell. This kind of attention from the highest levels of government could shake up the entire market and trigger a wave of institutional interest and volatility. If this happens, it would be more than just good news, as it would be a game-changer. Not only could it act as a major catalyst for BTC, it would also open the doors for crypto businesses to access traditional financial services, which they need for growth. Bitcoin is gaining recognition among the highest forms of governments across the world. Reports show that the Indonesian Vice President Gibran Rakabuming Raka is exploring the possibility of adding Bitcoin to the country’s national reserves, according to a recent post from Bitcoin Indonesia. The move represents a bold step toward integrating digital assets into sovereign finance. If implemented, Indonesia would become one of the first major Asian economies to formally recognize BTC as a reserve asset, signaling a shift in how governments hedge against inflation, currency risk, and geopolitical uncertainty. The global spotlight is increasingly turning to crypto adoption at the state level. The Bhutan Government Moves $59.2 Million In BTC Several countries are engaging BTC globally at a rapid rate. In a significant and quietly executed move, the government of Bhutan has transferred 517 BTC, valued at approximately $59.2 million, to a new cryptocurrency wallet. This substantial transfer of BTC, reported by Crypto Rover on X, has sparked speculation among analysts and the crypto community about potential custody changes or strategic moves. Related Reading: Bitcoin’s $115K Struggle: Is a Deeper Drop on the Horizon? The Himalayan kingdom of Bhutan has consistently maintained a low profile in the world of sovereign crypto holdings, making it one of the most discreet yet active state players in the digital asset space. This recent movement may indicate a shift toward enhanced security and measures in BTC reserves. Featured image from Pixabay, chart from Tradingview.com
The order directs the Department of Labor to reevaluate how crypto should be treated by retirement fund managers.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The Spot Ethereum ETFs have recorded significant outflows recently, sparking a bearish sentiment for the ETH price. These outflows also come at a time when the altcoin has dropped from a six-month high of $3,900 and looks to retest the psychological $3,000 level. Ethereum ETFs See Record Outflows Putting The ETH Price At Risk SoSo Value data shows that the Ethereum ETFs recorded a net outflow of $465.06 million on August 4, their largest outflow since they launched last year. These funds also recorded a net outflow of $152.26 million on August 1, which was the first net outflow after 20 consecutive days of net inflows. Related Reading: Ethereum Exchange Reserves Just Hit A New 9-Year Low Amid Treasury Accumulations These outflows from the Spot Ethereum ETFs indicate a wave of profit-taking, especially considering that the ETH price had rallied to a six-month high of $3,900 last month. Outflows from these funds are bearish for ETH as they can add selling pressure, with fund issuers selling coins to redeem shares. However, a positive is that these net outflows from the Spot Ethereum ETFs have been short-lived. Further data from SoSo Value shows that these funds recorded net inflows of $73.22 million and $35.12 million on August 5 and 6, respectively. This coincides with the rebound in the ETH price, which hit the $3,700 level in the last 24 hours. Another streak of consecutive net inflows for the Spot Ethereum ETFs could spark another uptrend for the ETH price. Moreover, the Ethereum treasury companies like BitMine, SharpLink, and the Ether Machine continue to create massive demand for ETH as they expand their treasuries. BitMine’s Ethereum holdings topped 833,000 ETH this week, making it the largest ETH treasury in the world. Will the ETH Price Crash Below $3,000? BitMEX co-founder Arthur Hayes has predicted that the ETH price could at least retest the $3,000 level. He highlighted the Trump tariffs, which take effect today, as one of the reasons that he holds this bearish sentiment towards Ethereum. The crypto founder also indicated that there isn’t enough liquidity in the market currently to boost crypto prices. Related Reading: Pundit Says Ethereum Price Is Headed For $9,000 After This Broadening Wedge Retest However, from a technical analysis perspective, crypto analyst Titan of Crypto has predicted that the ETH price is likely to continue its uptrend soon enough and avoid a drop to $3,000. In an X post, he highlighted a Bull Pennant pattern, which puts $5,000 in sight for ETH. The analyst remarked that this pattern is shaping up on Ethereum and that if it confirms, then the technical target stands at $5,000. At the time of writing, the Ethereum price is trading at around $3,680, up almost 2% in the last 24 hours, according to data from CoinMarketCap. Featured image from Getty Images, chart from Tradingview.com
Greenidge Generation has agreed to sell its Mississippi bitcoin mining facility, just a year after the site became operational.
The program aims to reward users holding, trading, and staking USD1 with an airline miles-style incentive model.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The U.S. is now one of the least competitive countries to import bitcoin mining equipment, according to Luxor Technology COO Ethan Vera.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The White House recently released a 168-page report outlining recommendations to usher in a "golden age of crypto."
A draft of the order reportedly directs regulators to investigate if banks have violated any laws and threatens to fine firms involved.
"From buttonwood to blockchain," the SEC's Project Crypto will bring innovation back to the U.S., analysts at Bernstein said.
CFTC Acting Chair Caroline Pham said the agency will actively collaborate with the SEC to facilitate the US financial system's move onchain.
In its Q2 2025 earnings release, DJT said it had acquired $2B billionin bitcoin and related securities, and allocated $300 million to an options-based BTC strategy.
Winklevoss shared "significant concerns" with CoinDesk about Brian Quintenz running the agency, revealing the industry isn't entirely behind Trump's nominee.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
A task force established by President Donald Trump has issued a comprehensive crypto report advocating for clearer regulations governing digital asset markets. Released on Wednesday, the report calls on federal regulators to utilize their existing authority to create more definitive rules surrounding the trading of digital assets, thereby facilitating the adoption of innovative financial products. White House Crypto Report According to Bloomberg, the White House described the report as an essential step toward positioning the United States at the forefront of the blockchain revolution. “By implementing these recommendations, policymakers can usher in the Golden Age of Crypto,” officials stated in a fact sheet accompanying the report from the Working Group on Digital Asset Markets. Related Reading: BlackRock Goes Heavy on Ethereum: Buys 4x More ETH Than BTC Formed through an executive order signed by Trump in January, the task force has proposed a variety of policy measures aimed at addressing the complexities of the digital asset landscape. Among its key recommendations is the urgent passage of the Digital Asset Market Clarity Act, which seeks to eliminate regulatory gaps by granting the Commodity Futures Trading Commission (CFTC) authority to oversee spot markets for non-security digital assets. The report also emphasizes the need to embrace decentralized finance (DeFi) technologies as a vital component of the evolving financial ecosystem. The report also urges both the Securities and Exchange Commission (SEC) and the CFTC to act swiftly, providing clarity on critical issues such as registration, custody, trading, and recordkeeping to enable federal-level trading of digital assets. Bitcoin Reserve With 198,000 Seized Coins These recommendations come on the heels of Trump’s recent signing of a congressional bill called the GENIUS Act, aimed at regulating stablecoins, marking a significant victory for the cryptocurrency industry. This new law establishes rules for US dollar-backed stablecoins, which proponents believe will pave the way for broader integration of digital assets into the financial system. The White House has indicated that additional details about the Strategic Bitcoin Reserve will be forthcoming. This reserve is expected to consist of approximately 198,000 Bitcoin that the government has seized from criminal cases and other proceedings. Related Reading: XRP Traders Pull Back $2.4B—Brace For Impact Or Buy The Dip? An executive order issued earlier this year mandated that the Treasury Department retain these Bitcoin holdings, with directives to explore budget-neutral methods for acquiring more. The report also addresses other crucial issues, including the need for clarity on Bank Secrecy Act obligations to strengthen anti-money laundering (AML) efforts. On tax policy, it recommends that Congress classify digital assets as a new category subjected to modified tax rules applicable to securities or commodities. Furthermore, it calls for legislation to extend wash sale rules to digital assets, preventing investors from claiming tax losses on securities if they repurchase similar assets within a designated timeframe. Featured image from DALL-E, chart from TradingView.com
The combined ETFs now hold approximately 5.7 million ETH on behalf of their clients — 4.7% of ether's 120.7 million circulating supply.
PublicSquare said Long will assist the company's digital asset treasury initiative, which it announced in May.
Two of President Donald Trump's leading officials on crypto, Bo Hines and Treasury's Tyler Williams, gave CoinDesk an inside take on their new report.
The report on the government's crypto plans doesn't offer a ton of surprises, mostly echoing familiar policy work, and it's got nothing new on the crypto stockpiles.
World Liberty Financial (WLFI), the DeFi initiative tied to President Donald Trump, has made substantial investments of over $11 million into Ethereum and a new stablecoin project this week. These moves reflect WLFI’s growing ambition to build out core blockchain infrastructure and deepen its presence across the digital asset ecosystem. Falcon Finance On July 30, […]
The post Trump’s World Liberty Financial makes $10M push into Falcon USDf stablecoin appeared first on CryptoSlate.
Trump tasked a crypto working group with laying out recommendations for a regulatory framework for digital assets, including stablecoins.
Falcon Finance is founded and backed by the same team behind DWF Labs — a controversial player in the crypto ecosystem.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Bitcoin is holding steady as we approach the end of July, while Ethereum is seeing a surge in speculative interest.