Weekly Recap | Trump Signs 401(k) Investment Executive Order, Ethereum Hits New High, Echobit Launch
2025.08.11
Week in Review (Aug 4 – Aug 10)
Over the past week, Bitcoin dominance fell 3.22% to 60.5%, while altcoin market cap surged 15.44%. Former U.S. President Donald Trump signed an executive order allowing 401(k) retirement plans to invest in a wider range of assets, including crypto — a major bullish signal for the market. Federal Reserve Governor Michelle Bowman voiced support for starting a cycle of three rate cuts this year, beginning in September. Ethereum (ETH) broke above $4,300 for the first time since January 2022, with Coinglass data showing that a break above $4,459 could trigger $2.661B in cumulative short liquidations across major CEXs.
Let’s review the key events of the past week and preview what’s ahead.
Market Pulse
- Ethereum breaks $4,300 to hit a yearly high; Ethereum ecosystem altcoins rally.
- Trump signs executive order allowing 401(k) plans to invest in cryptocurrencies.
- Tornado Cash case sees partial verdict: guilty on unlicensed money transmission.
- Blockchain lending firm Figure Technology files for IPO.
- U.S. spot Bitcoin ETFs see $253M net inflow; U.S. spot Ethereum ETFs record $326M net inflow.
Funding & M&A
Last week saw 21 funding events in blockchain, totaling over $544M, with CeFi and infrastructure projects in focus:
- UK project BOB raised a total of $21M, with Amber Group participating in the latest round.
- Intelligent machine infrastructure firm OpenMind secured $20M in funding led by Pantera Capital.
- SuperGaming closed a $15M Series B led by Skycatcher and Steadview Capital.
- Spanish crypto exchange Bit2Me raised €30M, led by Tether.
- UK-listed firm Satsuma raised $217.6M, part of which is in BTC.
Policy & Compliance
- U.S. Treasury Secretary Bessent expects trade issues to be resolved by late October.
- Hong Kong Monetary Authority warns against fraudulent stablecoin promotions, reiterates that sales must be from authorized providers.
- JPMorgan: DeFi and asset tokenization growth remains disappointing.
- Korea’s Financial Supervisory Service commissions research on global stablecoin regulation, focusing on AML measures.
- UK regulators lift ban on crypto exchange-traded notes (cETNs) for retail investors.
Echobit Highlights
Last week, Echobit launched multiple campaigns and challenges, offering users new trading opportunities, rewards, and community engagement:
- New Listing Trading Challenges for $PUMP and $ESPORT with prize pools for active traders.
- New Listing Deposit Challenge for $TREE, rewarding depositors.
- “Lost It All? We’ll Pay 50% Back” ongoing voucher-back program to cover part of users’ losses.
- Community Games & Quizzes: Word Puzzle Challenge, Chart Prediction Challenge, and Share-to-Earn.
- Weekly Activities: Trading Check-in Week, Interact-to-Earn 10 USDT, and the Zealy 300 USDT Giveaway.
- Community Points Program: Second phase launched with reward redemption for active members.
Looking Ahead (Aug 11 – Aug 17)
- U.S. July CPI data.
- U.S. Initial Jobless Claims (week ending Aug 9) and August PPI data.
- Malaysia Securities Commission to close public consultation on revised crypto exchange rules (Aug 11).
- FTX to open the next round of claims registration on Aug 15, releasing $1.9B in disputed creditor reserves.
- Large token unlocks for APT, ARB, AVAX, with APT’s unlock worth ~$52.1M.
Stay tuned with Echobit as we bring you critical market insights, policy trends, and investment opportunities—empowering every crypto user to navigate the market with confidence.