[LIVE] Crypto News Today: Latest Updates for August 08, 2025 – Crypto Market Soars as Trump Greenlights 401(k) Crypto Investments, ETH Tops $3,900
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 i...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
![[LIVE] Crypto News Today: Latest Updates for August 08, 2025 – Crypto Market Soars as Trump Greenlights 401(k) Crypto Investments, ETH Tops $3,900](https://cimg.co/wp-content/uploads/2025/08/08042954/1754627394-live-news.jpg)
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. Standout moves included XRP’s 12.8% jump after settling its four-year SEC battle, and notable gains across PayFi, DeFi, meme, and RWA tokens.
But what else is happening in crypto news today? Follow our up-to-date live coverage below.
The post [LIVE] Crypto News Today: Latest Updates for August 08, 2025 – Crypto Market Soars as Trump Greenlights 401(k) Crypto Investments, ETH Tops $3,900 appeared first on Cryptonews.
Why this matters
This ethereum story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CryptonewsRelated market context
Bitcoin Investors Buy Nearly $1B in BTC ETFs as Bull Market Returns
Bitcoin Magazine Bitcoin Investors Buy Nearly $1B in BTC ETFs as Bull Market Returns The Bitcoin bulls are back — if ETF flows are...
Breed VC raises $15M for second early-stage crypto fund
Breed VC's fundraise highlights sustained interest in early-stage crypto investments, signaling resilience and potential growth in...
Moscow Exchange launches 5 crypto perpetual futures as demand tops 600 billion rubles
Moscow Exchange will launch perpetual futures tied to five major cryptocurrencies on Sept. 22, giving qualified investors continuo...
Avalanche surges 55% as Bitwise’s AVAX ETF draws early inflows
The success of Bitwise's AVAX ETF could pave the way for future crypto ETFs, influencing market dynamics and staking strategies. T...
Spot Bitcoin ETFs Pull Nearly $1 Billion in Largest Daily Inflow in 11 Months
US spot bitcoin ETFs pulled $998.95 million in net inflows on Monday, the largest daily haul in 11 months, as bitcoin briefly topp...
Trump outlines strategy for Iran, Gaza, Latin America amid US-Iran deal talks
Trump's strategy may shift diplomatic dynamics, potentially impacting US-Iran negotiations and regional stability in complex geopo...