🇺🇸 Trump To Open 401(k) Access for Crypto
Plus ETH is booming on the back of record-setting ETF inflows and a major battle looming between 2 ETH TreasuryCo's
GM!
Today's top news:
ETH and XRP lead majors again; ETH at $3,620
Trump plans Exec Order to allow crypto in 401ks
All 3 crypto bills pass House votes in Crypto Week success
BlackRock files for ETH staking for its ETH ETF
Tom Lee’s BMNR discloses $1B in ETH holdings, plans for 5% of supply
Joe Lubin’s SBET files for another $5B ATM to buy more ETH
🇺🇸 Trump Eyes 401(k) Access for Crypto
The final frontier is on the horizon for crypto.
It’s coming for your retirement plans.
What Happened
Donald Trump is preparing to sign an executive order that would open up America’s $9 trillion 401(k) retirement market to crypto, gold, private equity, and other alternative assets.
The move would direct federal agencies to eliminate remaining barriers preventing professionally managed 401(k) funds from investing in alternative asset classes.
That includes everything from Bitcoin and digital assets to private loans, corporate takeovers, and infrastructure deals.
The order builds on May’s rollback of a Biden-era Department of Labor rule that discouraged crypto in retirement plans.
This effort follows a broader pro-crypto agenda from Trump:
His administration has dropped major enforcement actions against digital asset firms.
He backed a series of crypto-friendly bills passed by the House last week.
He’s credited the crypto industry for helping him win the 2024 election.
Trump is living up to his word on his crypto promises, and Crypto Week in Washington DC has delivered.
What They’re Saying
“There are decades where nothing happens and there are weeks where decades happen. What a day. GENIUS and CLARITY bill passed in the House (later still needs Senate approval). Signaling by the Trump admin to open US retirement market to Crypto (401k), NASDAQ filing to add staking to the Blackrock Ethereum ETF. You’re not bullish enough”
— X user nomos_paradox
Why It Matters
This is the final unlock for crypto.
Opening 401(k) plans to digital assets, private equity, and alternative investments gives crypto its biggest stamp of mainstream legitimacy yet.
And it opens a new pipeline to trillions in American savings.
We have seen the tremendous impact that the ETFs have had on Bitcoin since inception.
That’s tiny compared to the retirement funds.
Think 1-2% of $9T twapping into crypto on a monthly basis…forever (and 1-2% will jump to 5-10%+ over the coming years).
This is the infinite twap.
The crypto market future outlook has never been brighter than it is right now.
🌎 Macro Crypto and Memes
A few Crypto and Web3 headlines that caught my eye:
Crypto majors were very green with ETH & XRP leading; BTC +1% at $119,100, ETH +5% at $3,620, XRP +7% at $3.50, SOL +2% at $179
ETC (+22%), UNI (+18%), LDO (+14%) and DOGE (+12%) led top movers
The ETH ETFs had another record smashing day with ETHA pulling in $547M and $602M overall, more than BTC ETFs
Trump revealed plans to sign an Exec Order clearing the way for crypto and other assets in 401ks
All 3 of the crypto bills passed their votes in the House on Thursday including the Clarity Act, Genius Act and Anti-CBDC bill
BlackRock’s ETHA filed with the SEC to add staking to the ETH ETF
Kraken launched regulated crypto futures for US customers, starting with BTC and ETH contracts
Canary Capital filed for a staked INJ ETF
In Corporate Treasuries
SharpLink (SBET) plans to raise another $5B for ETH purchases according to latest filing
Tom Lee’s BMNR disclosed holding $1B ETH pushing it above the ETH foundation; Tom also changed his PFP to a Pudgy Penguin on X
Robert Leshner revealed that he is no longer pursuing ownership control in LQR House (YHC) after being diluted down to a sub-10% owner
Bit Origin (BTOG) announced agreements in place to raise $400M in equity and $100M in convertible debt to buy DOGE
Volcan Inc introduced a $500M Bitcoin Treasury Strategy, funded by stock sale
Mei Pharma shared plans for a $100M LTC treasury
In Memes
Memecoin leaders were mixed with DOGE outperforming; DOGE +11%, Shiba +3%, PEPE -2%, BONK -9%, PENGU -6% , TRUMP +2%, SPX +1%, and FARTCOIN -2%
CPUTER was a new SOL runner, jumping 14,000% to $10M
NEET jumped 100% to $12M after an Alon interaction; TRENCHER (+90%) another notable mover
REKT hit a new ATH at $225M
💰 Token, Airdrop & Protocol Tracker
Here's a rundown of major token, protocol and airdrop news from the day:
Jupiter introduced JLP lending allowing JLP holders to borrow USDC against their positions
Linea announced plans to work with Consensys and Nile Exchange to build a new DEX to bring liquidity to its L2 and Ethereum
Myriad is now a featured app in MetaMask portfolio within the Linea hub
Caldera’s airdrop claim went live, token jumps 75% to $1.47 ($1.5B FDV)
🤖 AI x Crypto
Section dedicated to headlines in the AI sector of crypto:
Overall market cap up 1% at $11.4B, leaders were mostly red
FARTCOIN (-4%), VIRTUAL (-2%), ai16z (-10%), FAI (-2%) & AIXBT (-5%)
LUNA (+32%), Project89 (+30%) and MOBY (+28%) led top movers
🚚 What is happening in NFTs?
Here is the list of other notable headlines from the day in NFTs:
ETH NFT leaders were slightly red; Punks -2% at 42 ETH, Pudgy -1% at 13.8, BAYC -1% at 11.3 ETH
Abstract NFTs were mostly green led by Dreamilio (+25%) and Abstract Firsts (+85)%
Pudgy Penguins rolled out a new website showing off their brand, toy sales, community, network and more
Gondi introduced several updates to its NFT platform including activity history, loan filters, collection page improvements and new lending enhancements
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