🔸Cryptocurrency markets rose in the last 24 hours, driven by two main news items. The first was an executive order from President Donald Trump that facilitates the inclusion of cryptocurrencies in 401(k) retirement plans. This measure, which eliminates previous guidance that discouraged such investments, opens a potential market of $8.7 trillion. According to analysts, even a small allocation of 401(k) funds to Bitcoin and other cryptocurrencies could create stable and predictable demand, which in turn could stabilize prices.
The second important news was the SEC's clarification that certain "staking" models in Ethereum are not considered securities. This decision increases confidence for institutions to offer staking services. As a result, the Ethereum blockchain reached a new record in the number of daily transactions, and the price of Ether (ETH) rose nearly 5%.
While the crypto sector celebrated, traditional financial markets (TradFi) had a more moderate performance, with the S&P 500 down and the Nasdaq slightly up. The next inflation report for July, to be released next week, is expected to be the next key event for the markets. $ETH