Bitcoin surged above $117,500 today, recovering from a local bottom of $114,278 just yesterday, according to data from Bitcoin Magazine Pro. The sharp rebound comes after President Donald Trump officially signed a landmark executive order that would allow cryptocurrencies such as Bitcoin to be included in 401(k) retirement accounts.

The order directs the Department of Labor to revisit its current guidance on fiduciary responsibilities in ERISA-governed plans and clarify the appropriate process for offering diversified funds that include alternative investments.

Additionally, the order instructs collaboration between the Department of Labor, the Treasury Department, the…

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Yesterday’s guilty verdict for Roman Storm on the count of conspiracy to operate an unlicensed money service business is absolutely insane. 

FinCEN, the regulator responsible for licensing, monitoring, and enforcement actions concerning criminal activity in money transmission has themselves explicitly stated that self-custodial tooling that facilitates the transmission of value using cryptocurrencies are not money transmitters and are not subject to the relevant regulations.

So how did we get here? Eight months after the election of a president who describes himself as a Bitcoin and cryptocurrency advocate, after the Department of Justice themselves have explicitly stated…

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Parataxis Holdings is set to merge with SilverBox Corp IV, a SPAC, to form a Bitcoin treasury company that plans to go public on the New York Stock Exchange under the ticker PRTX. The move aims to secure up to $640 million to support an aggressive Bitcoin acquisition and holding strategy.

The deal will immediately provide $31 million in equity to purchase Bitcoin, with an additional $240 million expected from SPAC investors, pending shareholder redemptions. Parataxis also signed a share purchase agreement enabling it to issue and sell up to $400 million in equity. Combined, these funds will be used to accelerate the company’s Bitcoin-focused treasury model, echoing the strategy first popularized by MicroStrategy’s Michael Saylor.

Focused on both U.S. and South Korean markets, the company is expanding its global footprint. In June, Parataxis signed a definitive agreement with Bridge Biotherapeutics and Parataxis Korea Fund I LLC to roll out its Korean BTC treasury strategy. With treasury-backed Bitcoin firms now holding nearly $90 billion in assets, Parataxis joins a growing wave of crypto-forward public companies.

Source

Bitcoin price surged to $116,850 on Thursday, marking an over 2% increase, after reports emerged that President Donald Trump plans to sign an executive order allowing crypto and other alternative assets in 401(k) retirement accounts, potentially unlocking a massive new pool of institutional capital for Bitcoin.

The executive order, expected to be signed on Thursday, will direct the Labor Department to reevaluate existing guidance around alternative investments in retirement plans governed by the Employee Retirement Income Security Act of 1974 (ERISA). The move could give Americans greater access to Bitcoin and crypto through their retirement savings accounts, which currently hold…

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Cosmos Health Inc. (NASDAQ: COSM), a global healthcare group, has announced a major move into cryptocurrency by securing up to $300 million in financing through a deal with a U.S.-based institutional investor. The funds will be issued as senior secured convertible promissory notes, with at least 72.5% allocated to building a digital asset treasury reserve in Ethereum (ETH). This marks a bold shift in strategy as the company aims to align with the future of digital finance.

The ETH assets will be held and staked securely through BitGo Trust Company, one of the top institutional crypto custodians. Cosmos Health plans to leverage blockchain for supply chain tracking, wellness rewards, and deeper global consumer engagement. The strategy also includes exploring yield-generating opportunities to maximize ETH holdings and cash flow.

CEO Greg Siokas emphasized that the move into Ethereum is a long-term commitment, not a temporary pivot. The funding also supports the company’s product development, R&D, and planned U.S. manufacturing expansion, offering investors both growth potential and crypto exposure.

Source

ECR Minerals plc (LON: ECR), a gold exploration and development firm focused on Australia, has announced a major step into the digital finance space by adopting a Bitcoin and Digital Asset Treasury Management Policy. The move aligns with the company’s long-term vision as it eyes revenue generation from projects like the Blue Mountain gold site in Queensland.

Under the new policy, up to 50% of ECR’s free cash flow from gold production and surplus cash may be used to acquire BTC, with strict security protocols including regulated custodians and offline cold storage. The company will not engage in speculative trading or derivatives, maintaining a focus on long-term value. A small portion of its treasury may also be allocated to high-tier digital assets like Ethereum, provided they yield returns that are reinvested in BTC.

Chairman Nick Tulloch highlighted the shift in global financial thinking and the flexibility digital assets offer, especially for multi-currency businesses. ECR aims to position itself at the forefront of financial innovation while maintaining its core focus on gold exploration and development.

Report

Ethereum treasury companies are quickly gaining traction as a powerful investment option, surpassing the appeal of U.S. spot Ethereum ETFs, says Geoffrey Kendrick, Standard Chartered’s global head of digital assets research. He highlights their strong net asset value (NAV) multiples — now stabilized above 1 — and the ability to offer greater returns through staking rewards and DeFi participation, advantages not available to U.S. ETFs.

SharpLink Gaming (SBET), backed by Ethereum co-founder Joe Lubin, stands out with a NAV multiple just above 1. Kendrick emphasized that ETH treasury firms provide a “regulatory arbitrage” advantage, making them especially attractive to investors. These firms have collectively acquired 1.6% of all ETH in circulation since June — matching ETF accumulation rates — with BitMine (BMNR) leading the pack and targeting 5% ownership of all ETH.

Today in the Southern District of New York (SDNY), Tornado Cash co-founder Roman Storm was found guilty of the second count on his indictment, conspiracy to operate an unlicensed money transmitting business.

The Tornado Cash trial has concluded.

Roman Storm has been found guilty of the conspiracy to operate an unlicensed MTB charge.

Here are my thoughts on the outcome, the government’s (rejected) motion to remand Storm, and what comes next. pic.twitter.com/T41TtEL9Kh

— Frank Corva (@frankcorva) August 6, 2025

The jury did not come to a unanimous verdict on the other two counts — conspiracy to commit money laundering and conspiracy to violate sanctions.

The jury arrived…

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