According to Bloomberg, Donald Trump will sign an executive order on Thursday that aims to allow private equity, real estate, cryptocurrencies, and other alternative assets in 401(k) retirement accounts. The order directs the Labor Department to reassess ERISA-related guidance and coordinate with the Treasury and SEC on potential rule changes. — link
Global Crypto Mining News in July：American Bitcoin has raised $220 million, French MP proposes using surplus nuclear power for Bitcoin mining, Ukrainian President Zelensky signed a decree sanctioning 60 companies helping Russia evade sanctions through crypto, etc — link
Substack
Global Crypto Mining News in July：American Bitcoin has raised $220 million, French MP proposes using surplus nuclear power for…
U.S. Senator Cynthia Lummis is pushing to include a key crypto tax amendment in the “Big Beautiful Bill,” proposing tax exemptions for small crypto transactions under $300 per transaction and up to $5,000 annually.
Tether has acquired a minority stake in Spanish crypto platform Bit2Me and is leading its €30 million funding round, expected to close in the coming weeks. Bit2Me recently became the first Spanish-speaking exchange authorized as a CASP under the EU’s MiCA framework. — link
Robinhood will list Ondo (ONDO) and Floki Inu (FLOKI). Ondo Finance is a DeFi protocol focused on tokenizing RWA and bringing institutional-grade financial products on-chain. The Floki ecosystem includes Valhalla, FlokiFi Locker, University of Floki, and a debit card. — link
SharpLink announced a $200 million direct offering at $19.50 per share, led by four global institutional investors. The proceeds will be used to expand its Ethereum treasury, which is expected to exceed $2 billion upon full deployment. SharpLink stated that its core strategy is to “accumulate ETH, stake ETH, and grow ETH per share.” — link
Chainlink to use revenue to form LINK token reserve, with tokens bought off market — link | X | AI comment
Revived investment bank Salomon Brothers has sent OP_Return legal notices to suspected abandoned Bitcoin wallets, invoking the "Doctrine of Abandonment" to assert potential claims over dormant addresses. The move targets high-value wallets, including the 1Feex address holding ~80,000 BTC, and has sparked legal, ethical, and quantum security debates. — link
Per Reuters, Ripple to acquire stablecoin payment platform Rail for $200M, deal expected to close Q4 2025 pending regulatory approval. After launching RLUSD, Ripple doubles down on stablecoin infra. Acquisition integrates Rail’s virtual accounts & automated settlement, boosting cross-border payment capabilities. — link
NEW YORK FINANCIAL REGULATOR SAYS PAXOS TRUST REACHES $48.5 MILLION SETTLEMENT OVER ANTI-MONEY LAUNDERING AND DILIGENCE FAILURES RELATED TO BINANCE - RTRS
According to Reuters, Paxos Trust reached a $48.5 million settlement with NYDFS over insufficient due diligence on former partner Binance and weaknesses in its AML compliance. The deal includes a $26.5 million fine and $22 million for compliance remediation. — link
Binance has announced that European users can now directly withdraw crypto assets or euro balances to their Mastercard debit or credit cards with near-instant settlement. The service is powered by Mastercard Move and is integrated into both the Binance website and App. — link
Binance will list YALAUSDT and CARVUSDT perpetual contracts with up to 50x leverage. YALA and CARV are already listed on the Binance Alpha market. YALA is a BTC lending protocol; CARV is an AI data layer. — link
Chainlink announced the launch of the "Chainlink Reserve," a strategic LINK reserve pool to accumulate LINK tokens converted from enterprise integration and on-chain service revenue. It has currently accumulated 65.5k LINK (~$1.16m). Chainlink stated that the reserve will not be withdrawn in the short term and is expected to continue expanding with growing industry demand. — link
❤2
MegaETH-based crypto derivatives trading app Euphoria raises $7.5 million in seed funding from over 100 investors — link | AI comment
MUSK TO SATYA NADELLA: OPENAI IS GOING TO EAT MICROSOFT ALIVE
MUSK: GROK 4 BEATS GPT-5 ON ARC-AGI
MUSK: GROK 5 WILL BE OUT BEFORE THE END OF THIS YEAR
MUSK: GROK 4 BEATS GPT-5 ON ARC-AGI
MUSK: GROK 5 WILL BE OUT BEFORE THE END OF THIS YEAR
Framework Ventures leads $9 million seed round for web3-powered AI project Perle — link