This week marked a turning point for both the cryptocurrency industry and global financial markets, with groundbreaking political moves, economic surprises, and record-breaking achievements. Here are the top 10 highlights:
1️⃣ U.S. Opens $12.5 Trillion 401(k) Retirement Market to Crypto
In a historic move, U.S. President Donald Trump signed an executive order allowing Americans to allocate a portion of their $12.5 trillion 401(k) retirement savings into cryptocurrency investments. This decision is expected to significantly increase mainstream adoption and bring fresh liquidity into the crypto market.
2️⃣ SEC and Ripple ($XRP) End Years-Long Legal Battle
After years of litigation, the U.S. Securities and Exchange Commission (SEC) and Ripple Labs have officially ended their lawsuit. Both parties agreed to dismiss further appeals, finally closing one of the most high-profile legal disputes in the crypto space.
3️⃣ Executive Order Ends Banking Discrimination Against Crypto, Religion, and Politics
President Trump signed another executive order prohibiting banks from discriminating against individuals or organizations based on their involvement in cryptocurrency, religious beliefs, or political affiliations. This is seen as a major victory for financial freedom and equal access to banking services.
4️⃣ Canada Suffers Largest Job Loss Since COVID Era
Canada lost 40,800 jobs in July, marking the biggest monthly employment decline since the COVID-19 pandemic. Economists warn that this may signal an economic slowdown, with potential ripple effects on North American markets.
5️⃣ Harvard University Invests $116.6 Million in Bitcoin ETF
In a bold institutional move, Harvard University purchased $116,666,260 worth of BlackRock’s spot Bitcoin ETF. This investment underscores growing confidence among elite institutions in Bitcoin as a long-term store of value.
6️⃣ 90 Million Americans to Gain Access to Crypto Through New Policies
David Sacks, the U.S. “Crypto Czar,” stated that President Trump’s executive orders this week will give an estimated 90 million Americans direct access to cryptocurrency investments through retirement accounts and other regulated channels.
7️⃣ Corporate America Thrives Despite Tariffs
An impressive 82% of S&P 500 companies reported quarterly earnings above analysts’ expectations, despite the economic headwinds caused by President Trump’s new tariff policies.
8️⃣ SEC Confirms Liquid Staking Is Not a Security
In a move welcomed by Ethereum and DeFi communities, the SEC announced that cryptocurrency liquid staking services will not be classified as securities, removing a major regulatory uncertainty.
9️⃣ Dubai Approves First-Ever Crypto Options License
Dubai has officially granted its first cryptocurrency options trading license, further solidifying its position as a global hub for blockchain innovation and digital asset trading.
🔟 Ethereum Breaks $4,300 for First Time Since 2021
Ethereum ($ETH) surged past $4,300 this week, marking its highest level in four years. Analysts attribute the rally to growing institutional adoption, positive regulatory news, and increased demand for ETH-based decentralized applications.
Ready to start your cryptocurrency journey?
If you’re interested in exploring the world of crypto trading, here are some trusted platforms where you can create an account:
- Binance – The world’s largest cryptocurrency exchange by volume.
- Bybit – A top choice for derivatives trading with an intuitive interface.
- OKX – A comprehensive platform featuring spot, futures, DeFi, and a powerful Web3 wallet.
- KuCoin – Known for its vast selection of altcoins and user-friendly mobile app.
These platforms offer innovative features and a secure environment for trading and learning about cryptocurrencies. Join today and start exploring the opportunities in this exciting space!
Want to stay updated with the latest insights and discussions on cryptocurrency?
Join our crypto community for news, discussions, and market updates: CryptoBCC on Telegram.
For collaborations and inquiries: CryptoBCC.com@gmail.com
Disclaimer: Always do your own research (DYOR) and ensure you understand the risks before making any financial decisions.
