1. Trump signs executive order allowing pension funds to invest in cryptocurrencies
White House Press Secretary Levitt announced that Trump will sign an executive order today allowing 401(k) pension plans to invest in cryptocurrencies. -Original
2. The probability of the Federal Reserve cutting rates in September reaches 92.7%, with expectations for cumulative cuts in October on the rise
According to CME's 'FedWatch' data, the probability of the Federal Reserve cutting interest rates by 25 basis points in September is 92.7%, while the probability of maintaining rates is 7.3%. Additionally, the probability of a cumulative 50 basis point cut in October is 61.5%, with a 36.1% chance of a 25 basis point cut. -Original
3. Trump signs executive order to end the 'cut-off' operation, protecting banking services for the crypto industry
Former U.S. President Trump signed an executive order on Thursday prohibiting federal regulators from blocking banks from servicing the crypto industry on the grounds of 'reputational risk.' The White House stated that previous unfair practices had undermined public trust in the financial system and caused economic harm to law-abiding citizens. This move is seen as an important step in ending the 'Chokepoint 2.0' operation, which 'cut off' banking services to the crypto industry. Regulatory agencies such as the Federal Reserve have pledged not to assess client relationships based on 'reputational risk' anymore. Several Republican lawmakers expressed support for this move, stating that the executive order helps curb financial discrimination and restore regulatory transparency. -Original
4. Ripple spends $200 million to acquire stablecoin platform Rail, expanding its ecosystem layout
Ripple announces $200 million acquisition of stablecoin platform Rail. -Original
5. Paxos reaches a $48.5 million settlement with Binance over anti-money laundering issues
New York financial regulators announced that Paxos Trust has reached a $48.5 million settlement with regulators over anti-money laundering and due diligence issues related to Binance. -Original
6. SharpLink's holdings of Ether increased to $2 billion, continuing to increase its investment in crypto assets
As of the latest purchase, this Minneapolis-based company holds 521,939 ETH. -Original
7. The Brazilian House of Representatives will discuss the establishment of a national Bitcoin reserve bill on August 20
Bitcoin.com News reports that the Brazilian House of Representatives will discuss Bill No. 4501/2024 on August 20, aimed at establishing a national Bitcoin reserve. -Original
8. Scenius Capital completes $20 million crypto venture capital fund raising
Scenius Capital co-founder Ben Jacobs stated that the company has completed a slightly oversubscribed $20 million financing, which will be used to invest in emerging crypto venture funds. -Original
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