Galaxy Digital CEO Mike Novogratz says an executive order that President Trump is expected to sign as soon as today will bring a massive pool of capital to Bitcoin and crypto assets. A senior White House official says the executive order will instruct the U.S. Secretary of Labor to reassess rules and allow 401(k) plans and other retirement accounts to hold crypto assets, reports CNBC. In an interview, Novogratz says the change is a major step forward for the industry. “Trump last night came out and talked about crypto assets being eligible for 401(k)s. I mean that’s a monster pool of capital. And what we’re just seeing is through these treasury companies, through all kinds of different avenues, the aperture of being able to buy crypto being widened and widened and widened, more avenues bringing people into the tent.” According to the Investment Company Institute, Americans held $12.2 trillion in all employer-based retirement plans as of March 31st, with about $8.7 trillion in 401(k) plans. News of the incoming executive order has triggered a rise in the price of Bitcoin. At time of publishing, BTC is priced at $116,420, up 1.61% in the last 24 hours. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Featured Image: Shutterstock/FOTOGRIN The post ‘Monster’ Pool of Capital Is Coming To Bitcoin and Crypto, Says Billionaire Mike Novogratz, As President Trump Prepares To Bring Digital Assets To 401(k)s appeared first on The Daily Hodl .
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US President Donald Trump will sign an executive order on Thursday allowing the inclusion of Bitcoin and cryptocurrencies in retirement funds. Bloomberg first reported the development today, one that would open the digital asset market to a new stream of capital influx. Specifically, the executive order would allow Bitcoin, alongside private equities, real estate, and other alternative investments, access to the US 401(k) market.This comes on the heels of a recent declaration that lifted the restrictions preventing retirement funds from buying Bitcoin. For context, the US Department of Labor in May rescinded a years-long guideline discouraging retirement funds from including cryptocurrencies.Bitcoin to Access $43T Retirement MarketFor perspective, the US retirement assets totaled $43 trillion in the first quarter of 2025, a market that Trump’s executive order today would give the crypto industry access to. Trump's order will mandate Washington regulators to reevaluate and clarify existing rules, allowing 401(k) funds to invest in alternative assets like Bitcoin.Before the recent relapse, the US DOL encouraged these funds to invest in US bonds, stocks, and other low-risk markets. However, with digital assets gaining mainstream adoption, they are emerging as worthy assets for investment diversification.Moreover, Trump has declared that he wants to make America the crypto capital of the world. The order, which the president will sign by 4 pm (UTC) today, adds to his broader effort to bolster the industry’s reach in the US market.Galaxy Digital CEO Mike Novogratz told CNBC that the order would expand access to cryptocurrencies, bringing in more capital into the sector.“That’s a monster pool of capital,” he emphasizes, noting that such avenues would commonize exposure to the crypto ecosystem.Broader Effort to Boost Crypto Mainstream StayThe order further aligns with Trump’s push to ensure that crypto thrives in the US and continues that way beyond his tenure. His administration has been fronting the establishment of clear guidelines that would guide regulators in their dealings with the emerging industry.Besides rolling back restrictions and closing regulatory probes into major crypto firms, he has also signed an executive order to create a national crypto reserve, including Bitcoin, Ethereum, and XRP, among others.Trump recently signed the GENIUS Act , the first federal crypto bill in US history. Notably, he played a crucial part in the final passage in the US House, lobbying with GOP hardliners to vote in favor of the bill.Bitcoin and other assets have also grown considerably owing to these efforts. Today, they also reacted to the development. BTC reclaimed $116,000 for the first time since July 31, with Ethereum and XRP respectively rallying 6% and 3.4% in the past 24 hours.
BitcoinWorld Crypto Whale’s Shocking $3 Million Loss After $29 Million Ethereum Trading Gains Vanish The cryptocurrency world often highlights incredible gains, but a recent event involving a prominent crypto whale serves as a stark reminder of the inherent risks. This story unfolds a dramatic reversal of fortune, where an initial $3 million investment, which ballooned into $29 million, was completely wiped out. This significant loss, primarily due to aggressive Ethereum trading strategies, underscores the volatile nature of the digital asset market. Understanding Crypto Whale Trading Tactics For six months, a trader known as @qwatio on X (formerly Twitter) demonstrated remarkable skill. They transformed an initial capital of $3 million into an astounding $29 million. This incredible growth captivated many observers within the crypto community, showcasing the potential for substantial returns in strategic crypto investments. However, the narrative took a sharp turn. Instead of securing profits, the trader began taking repeated short positions on Ethereum (ETH). Shorting involves betting on a price decline, and while it can be profitable in a bear market, it carries immense risk, especially when leveraged. The Perils of High-Risk Trading and Ethereum Volatility The decision to short Ethereum repeatedly proved to be a critical misstep. Despite initial successes, the market often moves unpredictably, and even experienced traders can face unexpected reversals. The consistent shorting against ETH’s price movements eventually led to mounting losses, eroding the substantial gains previously accumulated. Overconfidence: A common pitfall after a string of successes. Market Reversals: Even strong trends can reverse sharply, catching leveraged positions off guard. Leverage Risk: Using borrowed funds amplifies both gains and losses. The final blow came with a $475,000 liquidation on the decentralized derivatives protocol GMX. This GMX liquidation event marked the complete loss of not only the $29 million in gains but also the original $3 million principal. This scenario vividly illustrates the dangers associated with high-risk trading and over-leveraged positions in volatile assets like Ethereum. Actionable Insights from On-Chain Analysis On-chain analyst @EmberCN diligently tracked and reported this saga on X. Their detailed on-chain analysis provided transparent insights into the trader’s activities, from their initial successful ventures to their ultimate downfall. This highlights the power of blockchain data in providing real-time, immutable records of transactions and trading positions. What can we learn from this unfortunate episode? It emphasizes the paramount importance of robust risk management. Even with a significant capital base and a proven track record, the crypto market demands caution. Diversification, setting stop-loss orders, and avoiding excessive leverage are fundamental principles that can protect capital. This event serves as a powerful cautionary tale for anyone involved in Ethereum trading or other high-stakes crypto ventures. While the allure of massive profits is strong, the potential for equally massive losses is always present. Understanding market dynamics and respecting volatility are crucial for long-term survival in this exciting yet challenging space. Key Takeaways for Crypto Traders: Manage Your Risk: Never invest more than you can afford to lose. Avoid Over-Leverage: Leverage amplifies both wins and losses; use it sparingly. Diversify Your Portfolio: Don’t put all your eggs in one basket, even if it’s Ethereum. Stay Informed: Use on-chain analysis and reliable sources to understand market sentiment. The story of this crypto whale is a sobering reminder that even those with deep pockets and impressive winning streaks can fall victim to the market’s unforgiving nature. It reinforces the need for discipline and strategic thinking over impulsive, high-stakes bets. Frequently Asked Questions (FAQs) What is a crypto whale? A crypto whale is an individual or entity that holds a very large amount of cryptocurrency, enough to potentially influence market prices with their trades. Their movements are often tracked by analysts. What does it mean to short Ethereum (ETH)? Shorting Ethereum means you are betting that its price will fall. Traders borrow ETH, sell it, and hope to buy it back later at a lower price to return it, profiting from the difference. What is GMX and how does liquidation occur on it? GMX is a decentralized perpetual exchange that allows users to trade cryptocurrencies with leverage. A liquidation occurs when a trader’s margin balance falls below the required maintenance margin, leading to their position being automatically closed to prevent further losses. How can on-chain analysis help traders? On-chain analysis involves examining data directly from the blockchain, such as transaction volumes, whale movements, and exchange flows. This data can provide insights into market sentiment, potential price movements, and overall network health. What are the key lessons from this crypto whale’s loss? The main lessons include the critical importance of risk management, avoiding excessive leverage, not becoming overconfident after gains, and understanding the extreme volatility inherent in cryptocurrency markets. Share Your Insights! Did this cautionary tale resonate with you? Share this article on your social media channels to help others understand the vital importance of risk management in crypto trading. Your insights can contribute to a more informed and cautious trading community! To learn more about the latest crypto market trends, explore our article on key developments shaping Ethereum price action. This post Crypto Whale’s Shocking $3 Million Loss After $29 Million Ethereum Trading Gains Vanish first appeared on BitcoinWorld and is written by Editorial Team
Paxos worked with Binance to issue Binance USD, but didn't do sufficient due diligence, New York's top financial regulator said.
According to crypto analyst STEPH IS CRYPTO, there are now “no sell walls left above $5.20” for XRP. The implication is clear: XRP may be on the verge of a steep vertical move. This outlook is particularly relevant now, as the asset is trading within a narrow technical range and facing growing underlying pressure. XRP’s Market Behavior XRP is currently trading at $3.07, having moved between $2.95 and $3.08 in the last 24 hours. This price action reflects a gradual but determined recovery, with strong support forming just below $3.00. Buyers appear to be defending this level with conviction, using it as a springboard for repeated attempts to break higher. Despite multiple efforts, XRP has struggled to break above $3.10 to $3.14, a zone that has capped its upside over the past several sessions. However, market structure is beginning to shift. The persistent tests of this resistance suggest growing momentum, and the diminishing volume on each rejection may indicate that sellers are thinning out. BREAKING: NO SELL WALLS LEFT ABOVE $5.20 FOR #XRP . NEXT RUN COULD BE VERTICAL. pic.twitter.com/8pUR0nIJ7T — STEPH IS CRYPTO (@Steph_iscrypto) August 6, 2025 The Technical Setup: Eyeing $5.20 The chart structure over the past month has formed what many analysts interpret as a bullish continuation pattern, with the handle of a classic cup-and-handle formation taking shape. If validated with a decisive breakout above $3.15, the projected target zones extend well beyond $4.50, with $5.20 emerging as the next critical extension. STEPH IS CRYPTO’s call that no sell walls remain above this level aligns with what some order book snapshots suggest: increasingly thin liquidity between $3.50 and $5.20 on select exchanges. This indicates that once XRP clears the next set of resistances, price discovery could become aggressive, especially with few large-scale limit sell orders to absorb buy-side volume. Support Zones and Risk Thresholds Beneath the current level, XRP’s most immediate support lies between $2.90 and $2.95. This region has served as a base during recent pullbacks. The more critical line in the sand remains $2.65, which aligns with the 50% Fibonacci retracement of the latest rally. A loss of this level would significantly undermine the current bullish thesis and invite deeper corrections, possibly toward the mid-$2.00s. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 However, price has consistently respected higher lows, and on-chain liquidity suggests accumulation rather than distribution, both of which point to bullish intent. The Road Ahead With resistance weakening and buy-side interest gaining traction, XRP appears poised for its next major move. If bulls can finally push through the $3.14 ceiling, the path toward $4.00 and then $5.20 becomes increasingly plausible. Should that happen in an environment of thin order books, as STEPH IS CRYPTO suggests, the ascent could be swift and sharp. While external catalysts may still influence sentiment, the charts alone tell a compelling story: XRP is coiling beneath a key level with diminishing resistance ahead. If buyers hold their ground, the next phase could see price action move vertically, as predicted. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post No Sell Walls Left Above $5.20 for XRP. Here’s What Is Coming appeared first on Times Tabloid .
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This content is provided by a sponsor. PRESS RELEASE. Little Pepe (LILPEPE), an emerging EVM Layer-2 token, has once again outpaced expectations, closing out Stage 9 of its presale well ahead of schedule. The project has entered Stage 10 at a new price of $0.0019. That marks a 90% increase from its Stage 1 price,
Not all growth in the betting world is forward. While some platforms expand with features that feel flashy but hollow, others are making structural changes just to stay afloat. Bovada is leaning into novelty bets like dog surfing odds, and BetRivers is raising its minimum wager in Illinois to use aggressive state taxes. Both moves say more about platform priorities than player experience. Meanwhile, Spartans isn’t pivoting or pulling back, it’s scaling with purpose. With 5,963 games, instant crypto withdrawals, and a 300% bonus that comes with 35x wagering and no tricks, Spartans isn’t catching up; it’s taking the lead. While older brands experiment or restrict, Spartans is giving players what they’ve been waiting for: fast payouts, transparent terms, and a crypto-first betting experience that actually delivers. Bovada Doubles Down on Gimmicks While Players Wait for Real Value Bovada Sportsbook is no stranger to creative markets, and 2025 has taken that trend to new heights. The platform recently opened odds on the World Dog Surfing Championships, offering legal bets on which canine will conquer the moves. Brazilian labrador Cacau leads the board at +150, while underdog favorite Cherie, a 15-year-old French bulldog, sits at +1200 in what’s expected to be her final run. These novelty odds make Bovada stand out, but they also show where the platform is headed: entertainment-first, with less emphasis on core betting infrastructure. While fun, these bets are mostly geared toward occasional users rather than seasoned bettors seeking depth, fast payouts, or competitive margins. Bovada remains widely accessible, but its structure hasn’t evolved for crypto users or real-time sportsbook engagement. Withdrawals are slower, bonuses vary, and the platform focuses more on casual appeal than serious utility. It’s still a player, but one focused on novelty, not necessarily long-term betting performance. BetRivers Raises the Minimum, Cites Tax Pressure In response to Illinois’ latest tax increase, BetRivers has raised its minimum wager to $1, joining a growing list of operators adapting to state policy shifts. The new tax structure charges $0.25 per bet for the first 20 million mobile wagers and $0.50 for anything beyond. That’s in addition to Illinois’ previous change from a flat 15% tax on gross gaming revenue to a progressive rate. Rather than add a direct fee like FanDuel or DraftKings, BetRivers opted to increase its minimum bet, a move it says balances player experience with economic sustainability. Other operators, like BetMGM and Hard Rock Bet, followed similar strategies with even higher minimums. But for users, the shift is clear: less flexibility, higher entry points, and more platform-side control. Even with a strong Q2 showing and rising share prices, BetRivers’ policy change may deter casual players, especially those who prefer lower-stakes, high-frequency betting. The bigger question: are these changes sustainable when alternatives exist without them? Spartans Breaks the Mold With Real Payouts and Zero Friction While BetRivers raises the floor and Bovada bets on novelty, Spartans is building a platform where every feature serves the user, not the operator. It starts with a 300% welcome bonus featuring 35x wagering, a 7-day validity, and no region-based restrictions. Every player, everywhere, gets the same transparent terms. There’s no fiat conversion lag, no loyalty tiers to unlock your rewards, and no limits on how you interact. Spartans is crypto-only by design, supporting BTC, ETH, and USDT with withdrawals processed instantly, consistently. It’s one of the only platforms where players can spin, win, and withdraw, all in the same session. The 5,963 games are powered by 43 different providers, giving players massive variety without the clutter. Whether it’s slots, blackjack, crash games, live shows, or real-time esports markets, everything is accessible from a clean, mobile-optimized interface. And the sportsbook? It’s built for tactical players, with live stats, combo bets, and full league coverage across football, basketball, UFC, and more. Spartans also runs a Lamborghini giveaway, tied directly to user activity—not empty signups. And for promoters, the affiliate program offers flexible models (CPA, Rev Share, Hybrid), high conversion visibility, and no hidden thresholds. Where other sites adjust for regulation or trend-chase for attention, Spartans executes. Fast. Clean. Fair. Final Word! In a market shaped by taxes, surcharges, and novelty bets, Spartans stands out by doing the one thing players actually care about, delivering results. While Bovada chases entertainment and BetRivers raises its minimums to offset regulation, Spartans is already giving users what they need: speed, transparency, variety, and real payout control. With 5,963 games, instant crypto withdrawals, and a 300% bonus players can actually use, Spartans isn’t just participating in the best betting sites conversation, it’s quietly leading it. For bettors tired of delays, restrictions, or gimmicks, the choice is simple: go where your bets move fast, your bonuses are fair, and your crypto actually works. In 2025, that place is Spartans. Find Out More About Spartans: Website: https://spartans.com/ Instagram: https://www.instagram.com/spartans/ Twitter/X: https://x.com/SpartansBet YouTube: https://www.youtube.com/@SpartansBet Disclaimer: This is a sponsored press release for informational purposes only. It does not reflect the views of Times Tabloid, nor is it intended to be used as legal, tax, investment, or financial advice. Times Tabloid is not responsible for any financial losses. The post Bovada Gets Quirky, BetRivers Raises Stakes, Spartans Leads the Best Betting Sites With 5,963 Games and Instant Crypto Payouts appeared first on Times Tabloid .
Polygon surges 10% after bouncing from its recent low of $0.19 reaching a local high of $0.23