Overview

• President Trump’s pending executive order would allow alternative assets, including cryptocurrencies, to be held in 401(k)-style retirement plans.
• Bitcoin traded around $116,000 and Ethereum near $3,840 on August 8 after a 2.8% market-wide gain led by a 7.3% surge in Ethereum and strong advances in Dogecoin, Solana and XRP.
• Confirmation of a meeting next week between Presidents Trump and Putin has lifted investor risk appetite by easing fears over the Russia-Ukraine conflict.
• More than 91% of market participants expect the Federal Reserve to cut interest rates at its September meeting, reinforcing bullish sentiment in digital assets.
• Institutional entities such as Buenbit and Binance have publicly praised the regulatory clarity and said the developments could accelerate large-scale crypto adoption.