[LIVE] Crypto News Today: Latest Updates for August 08, 2025 – Crypto Market Soars as Trump Greenlights 401(k) Crypto Investments, ETH Tops $3,900

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Follow up to the hour updates on what is happening in crypto today, August 08. Market movements, crypto news, and more!
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Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.

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.

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Bitcoin
BTC
$64,976
0.71 %
Ethereum
ETH
$1,925
2.77 %

2M+

Active Monthly Users Around the World

250+

Guides and Reviews Articles

8

Years on the Market

70

International Team Authors
editors
+72 More
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2M+
Active Monthly Users Around the World
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Guides and Reviews Articles
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Years on the Market
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