[LIVE] Crypto News Today: Latest Updates for August 08, 2025 – Crypto Market Soars as Trump Greenlights 401(k) Crypto Investments, ETH Tops $3,900

2025-08-08 04:34:06

Main Idea

The crypto market experienced significant gains on August 08, 2025, driven by U.S. President Donald Trump's executive order allowing 401(k) retirement plans to invest in digital assets and easing tensions in the Russia-Ukraine conflict.

Key Points

1. U.S. President Donald Trump signed an executive order permitting 401(k) retirement plans to invest in digital assets, potentially unlocking $9 trillion in long-term capital.

2. Ethereum surged 5.67% to briefly break $3,900, while Bitcoin rose 2% to trade near $117,000.

3. XRP jumped 12.8% after settling its four-year legal battle with the SEC.

4. Market optimism was further fueled by expectations of easing tensions in the Russia-Ukraine conflict.

5. Notable gains were observed across PayFi, DeFi, meme, and RWA tokens.

Description

The crypto market rallied sharply during early Asian trading hours on Friday, with most sectors gaining between 2% and 9%, after U.S. President Donald Trump signed an executive order allowing 401(k) retirement plans to invest in digital assets, unlocking potential access to $9 trillion in long-term capital. Optimism was further fueled by expectations of easing tensions in the Russia-Ukraine conflict. Ethereum surged 5.67% to briefly break $3,900, while Bitcoin rose 2% to trade near $117,000. Sta...

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Industry Talk Bitcoin Ethereum Market

$XRP

$3.3393

+11.02%

$FORM

$3.8994

+1.73%

$OP

$0.7264

+7.76%

$ETH

$3907.45

+5.67%

$BTC

$116610.3

+1.72%

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[LIVE] Crypto News Today: Latest Updates for August 08, 2025 – Crypto Market Soars as Trump Greenlights 401(k) Crypto Investments, ETH Tops $3,9002025-08-08 04:34:06

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