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#Blockchain #GDP#Trump On August 28, 2025, the U.S. Department of Commerce announced that, starting from July 2025, it would publish real Gross Domestic Product (GDP) data on nine blockchains. This is a landmark move that inevitably brings to mind the “killer app” the blockchain space has long been searching for. From Bitcoin payments, to DeFi financial experiments, to NFTs and GameFi, people have been trying to connect the real world with the on-chain world. Now, as an official agency of the world’s largest economy chooses to use blockchains to publish key economic data, the significance is indeed profound. What does this mean? Why is the United States doing this? What far-reaching impacts might it have on the crypto industry, the DeFi ecosystem, and even traditional financial markets? This article breaks it down. Click to register SuperEx Click to download the SuperEx APP Click to enter SuperEx CMC Click to enter SuperEx DAO Academy — Space U.S. Department of Commerce: Writing the GDP File Hash onto Blockchains On August 28, 2025, the Bureau of Economic Analysis (BEA) released the revised growth data for real GDP in Q2 2025–3.3%. This is the “Second Estimate” for quarterly GDP, i.e., the version revised on the basis of the advance estimate. But unlike in the past, this time the data did not remain only as a PDF on the official website; it was also simultaneously “attested on-chain.” The Department of Commerce performed a SHA-256 hash on the PDF file and obtained a unique hash value: c70972a12908b73c2407d9cc6842ba2a02203a690f3090cd29f30c45f0cfd93d This hash was then written to nine blockchains: Bitcoin, Ethereum, Solana, TRON, Stellar, Avalanche, Arbitrum, Polygon, and Optimism. On the Ethereum chain, you can even directly verify via a smart contract address that this hash indeed exists. In other words, anyone can verify whether the file has been tampered with by comparing the hash generated from the PDF. The transaction hashes or smart contract addresses for each blockchain are as follows: Bitcoin transaction hash: fcf172401ca9d89013f13f5bbf0fc7577cb8a3588bf5cbc3b458ff36635fec00 Ethereum smart contract address: 0x36ccdF11044f60F196e981970d592a7DE567ed7b Solana transaction hash: 43dJVBK4hiXy1rpC5BifT8LU2NDNHKmdWyqyYDaTfyEeX8y3LMtUtajW3Q22rCSbmneny56CBtkictQRQJXV1ybp TRON transaction hash: 3f05633fb894aa6d6610c980975cca732a051edbbf5d8667799782cf2ae0404 Stellar transaction hash: 89e4d300d237db6b67c 510f71c8cd2f690868806a6b40a40a5a9755f4954144a Avalanche smart contract address: 0x36ccdF11044f60F196e981970d592a7DE567ed7b Arbitrum One smart contract address: 0x36ccdF11044f60F196e981970d592a7DE567ed7b Polygon PoS smart contract address: 0x36ccdF11044f60F196e981970d592a7DE567ed7b Optimism smart contract address: 0x36ccdF11044f60F196e981970d592a7DE567ed7b This may look like a “small step,” but in fact it is an official acknowledgment of blockchain’s value in “tamper resistance and public transparency”: Tamper-proof: once the GDP file is on-chain, the data can be verified no matter who questions it in the future. Multi-chain publication: selecting nine chains avoids reliance on a single platform and further enhances credibility. Trust enhancement: against a backdrop of long-standing skepticism about the authenticity of U.S. economic data, this is a “notarization-style operation.” Why is the United States putting GDP data on-chain? This is the core question many people care about: why the United States, and why in 2025? From logic and context, the motivations can be summarized on several levels. First, enhancing the credibility of the data. For a long time, U.S. economic data — especially GDP and CPI — has often been questioned. Some investors, media, and even politicians have publicly suspected “window dressing” or “methodological bias.” In such a climate, carving the data “in stone” amounts to a kind of “cryptographic notarization.” As long as the PDF file matches the on-chain hash, no one can claim the data was altered after the fact. It’s a way to bolster market trust. Second, aligning with the trend of digital governance and transparency. The United States has sought to lead in digitalization and data governance. GDP is one of the most core macro indicators. Putting it on-chain sends a signal: the government is willing to use blockchain technology to improve governance transparency. This is not just a “technical action,” but an “institutional statement,” implying more official data may go on-chain in the future — such as unemployment, federal budget outlays, or even fiscal deficit figures. Third, international competitive pressure in financial markets. The United States is not the only country experimenting. China, the EU, and Japan have all explored putting government data on-chain to varying degrees. As the core of the global financial system, the U.S. needs to ensure it still holds discourse power in the “Web3 era.” Putting GDP on-chain, in a sense, signals to the world: the U.S. intends to lead not only traditional finance, but also on-chain finance. Fourth, preparation for future financial innovation. Mere “data disclosure” is only the first step. More profoundly, these on-chain data points can become the underlying support for various financial products. For example, if the Federal Reserve were to experiment with issuing on-chain Treasuries in the future, GDP growth could serve as a reference indicator for debt sustainability; or in DeFi, derivatives protocols could directly use official GDP data as an underlying variable to design new on-chain contracts. These scenarios may still be conceptual, but once the data are on-chain, the possibilities open up. Fifth, easing the public’s crisis of trust in the government’s statistical system. GDP statistics are not a one-off result but a gradual revision process: first the Advance Estimate, then a month later the Second Estimate, and later the Final Estimate. This often leads markets to question: if the data keep being revised, what’s the point of the earlier numbers? Now, fixing each stage’s data on-chain provides a “fully traceable” mechanism — ensuring openness and transparency while allowing the public to see the entire revision trajectory. In summary, the U.S. move to put GDP data on-chain is by no means a small technical trial balloon; it is a bundle of multiple goals: a political signal and an institutional innovation; an experiment with blockchain technology and a laying of groundwork for the future financial order. In other words, it is a multi-pronged strategy of strengthening trust, staking a claim to the future, and maintaining financial discourse power. Potential impacts on the crypto market 1. New momentum for prediction markets If economic data can be put on-chain in real time via oracles, prediction markets (such as Polymarket) will have more authoritative data sources, avoiding disputes caused by data authenticity. 2. Inflation-linked stablecoins and DeFi innovation Imagine a stablecoin not pegged to the U.S. dollar but to the U.S. PCE price index — products like this are entirely possible. 3. Further integration of Web3 and traditional finance This implies a tighter fusion of traditional finance and on-chain applications. For example, on-chain derivatives markets could directly reference GDP data as a fundamental variable. Cold reflection: On-chain ≠ absolute truth While this is a milestone event, its limitations must also be seen: On-chain guarantees only immutability: if erroneous data are uploaded, the blockchain itself will not correct them. Methodology issues remain: GDP itself undergoes multiple revisions (advance, second, final); its authority still relies on the statistical agency. Politics cannot be ignored: even on-chain, public doubts about data authenticity cannot be completely eliminated. Conclusion The U.S. government’s move to put GDP data on-chain is not merely a technical experiment but an institutional signal — the world’s largest economy is beginning to acknowledge the value of blockchain and attempting to apply it to the most core economic indicators. Of course, on-chain data do not equal absolute truth, but they at least make a more transparent financial system possible. In other words, this step may not be the end, but the beginning of a new era for the on-chain economy.

#WLFI #Trump #Crypto On September 1, 2025, the World Liberty Financial (WLFI) token — deeply involved with the Trump family — officially launched on multiple exchanges worldwide, including Binance, OKX, Bybit, Kraken, Bitget, MEXC, Gate.io, SuperEx, and other mainstream platforms. The event quickly sparked global discussion: the #WLFI tag trended on X, 24-hour trading volume surpassed US$4.6 billion, and its market cap once surged to US$6.5 billion on day one, briefly ranking among the top 25 crypto assets globally. However, within just a few hours, WLFI’s price experienced extreme volatility — from a spike to a sharp halving: the opening high reached US$0.47, then fell to as low as US$0.20, a drop of more than 56%. This pattern not only recalls previous “story token” cases, but also left the market oscillating between excitement and doubt. This article, combining public data and market feedback, takes a deep look at WLFI’s listing landscape: why did it attract such massive attention? What logic underlies the large price swings? And where do the opportunities and risks lie for ordinary investors and exchanges respectively? Click to register SuperEx Click to download the SuperEx APP Click to enter SuperEx CMC Click to enter SuperEx DAO Academy — Space Background and Positioning of WLFI: More Than Just a “Political Token” WLFI stands for World Liberty Financial. The project began in 2023, spearheaded by real estate tycoons Steve Witkoff and his son, with deep involvement from the Trump family. Donald Trump himself serves as “Chief Crypto Advocate,” while Eric, Don Jr., and Barron appear as “Web3 Ambassadors,” giving the project a strong political and traffic halo. But WLFI does not position itself as a mere meme or political token; instead, it emphasizes becoming a bridge between TradFi and Web3. Its ecosystem narrative includes: Stablecoin USD1: a fully reserved dollar-pegged stablecoin, already integrated with Solana, with future cross-chain support; Multi-chain deployment: covering Ethereum, Solana, and BNB Chain to ensure higher liquidity and ecosystem penetration; Community governance: WLFI holders can participate in protocol governance, with each wallet’s voting power capped at 5% to prevent whale dominance; Anti-CBDC stance: advocates that a U.S. dollar stablecoin can serve as a decentralized alternative, emphasizing financial freedom and American values. In other words, WLFI positions itself as a composite narrative of “politics + finance + Web3,” leveraging the Trump family’s traffic effect while seeking alignment with mainstream DeFi via stablecoin, lending, and governance functions. Listing Panorama: Global Coverage + Community Expectations WLFI’s launch was not confined to a few platforms but was an all-around exchange debut: Binance, OKX, Bybit, Bitget, SuperEx, Kraken, MEXC, Gate.io, HTX, KuCoin, LBank, Bitrue, Flipster, as well as Uniswap and Raydium, ensuring on-chain tradability. By region: Korean exchanges Upbit and Bithumb joined, attracting substantial Asian capital; Coinbase followed a bit later, covering U.S. users. This near “full-coverage” listing strategy gave WLFI massive liquidity support in a short time. According to Coinglass data, open interest on launch day once approached US$1 billion, with combined spot and derivatives volume exceeding US$4.6 billion. For exchanges, such a globally watched hot asset carries huge risks, but also represents a concentrated explosion of liquidity and trading demand. On September 1, 2025 at 13:30 (UTC), SuperEx opened trading for the WLFI/USDT pair, becoming one of the first/day-one exchanges to list it. Circulating Supply Exceeded Expectations: The Fuse for the Day-One “Halving” The most contentious focus after WLFI’s launch was that the initial circulating supply far exceeded market expectations. Total supply: 100 billion tokens; Initial circulating supply: 24.67 billion tokens, about 24.7%; Market’s prior expectation: 3–5 billion tokens. This discrepancy directly led to heavy selling pressure post-listing. In particular, early investors bought tokens at US$0.015 and US$0.05 during two 2024 financing rounds, with an average cost of about US$0.027. When the token price briefly spiked to US$0.47 intraday, early investors’ paper gains approached US$1.9 billion, about 3.5× their input. Faced with such windfall profits, whale profit-taking was hardly surprising. Data show that 80% of the top ten public-sale investors partially or fully sold. This also explains why WLFI dropped by more than 56% within just a few hours. The Trump Family’s Wealth Effect: 83% Liquidity Control Among all holders, the biggest winners are undoubtedly the Trump family. Tokens directly or indirectly controlled by the Trump family total about 20.6 billion, accounting for 83.7% of circulating supply; among these, 10 billion are held by the project treasury, 7.78 billion allocated to strategic partner Alt5 Sigma (a Trump family holding company), and 2.88 billion for marketing and liquidity. In addition, the Trump family raised about US$1.5 billion in cash via token sales, with the valuation of unvested tokens around US$8.2 billion. From a wealth-efficiency perspective, WLFI enabled the Trump family to achieve unprecedented capital magnification in a very short time. At the same time, the very high concentration has raised doubts about the project’s decentralization. Violent Turbulence in the Derivatives Market WLFI’s sharp swings hit not only the spot market but also the derivatives market directly. Within hours of listing, total liquidations across the network reached US$12.36 million; Of that, long liquidations were US$8.51 million and short liquidations US$3.85 million; A large number of leveraged longs that chased the rally were forcibly closed, exacerbating the decline. Notably, of the first unlocked 4 billion tokens for early investors, about 720 million remain unclaimed, which means selling pressure has not been fully released and may continue to affect price action going forward. Divergent Market Views: Opportunities and Risks Coexist WLFI’s listing split the market into two sharply different camps: Bulls: argue that WLFI’s narrative is unique — political backing from the Trump family plus DeFi functionality such as stablecoin, lending, and governance. In the short term it may break US$0.30 again, and in the medium to long term it could gain institutional tailwinds under a U.S. financial narrative. Bears: question opacity in the token-economic model, especially since details were released only one hour before listing; the initial float far exceeded expectations; and the project exhibits a severe “wealth transfer effect,” possibly making it a short-term hyped “story token.” Based on historical experience, WLFI could become a narrative-driven star asset — or cool rapidly under the double pressure of sell-offs and regulation. Conclusion WLFI’s launch is undoubtedly one of the landmark events in the 2025 crypto market. It blends political narrative, financial design, and Web3 concepts, creating enormous short-term wealth effects and market volatility. However, the rapid halving in price, high concentration, unlock-driven selling pressure, and regulatory uncertainty all make its long-term outlook challenging. Ultimately, WLFI’s success or failure depends not only on the Trump family’s traffic and narrative, but also on whether it can truly deliver in its stablecoin, lending, and governance ecosystems. That is the key the market will keep pressing for.

#BitcoinAsia #Bitcoin #Trump Just a couple of days ago, we did a deep dive into the Tokyo WebX Summit — often hailed as Asia’s most important crypto event — a stage that brought together global regulators, industry leaders, and policymakers. Heath Tarbert, former CFTC Chairman and now Circle’s Chief Legal Officer, along with Satsuki Katayama, Japanese Senator and Chair of the Budget Committee, represented two of the world’s most important economies and engaged in a fiery dialogue on crypto regulation and the development of stablecoins. If the 2025 Tokyo WebX Summit ignited the atmosphere for Asia’s crypto industry, then the 2025 Hong Kong Bitcoin Asia Conference was nothing short of a complete upgrade. Unlike previous conferences that often spoke vaguely about “blockchain applications,” this event kept the spotlight firmly on Bitcoin itself — and the grand narratives it represents: global reserve asset, institutional adoption, protocol evolution, and wealth preservation. From the Trump family on stage, to CZ, Balaji, and countless institutions and startups, Bitcoin is no longer just “digital gold.” It is being positioned as the underlying logic of future financial order. And this time, the story is no longer an echo chamber of insiders — it is a symphony of global institutions, national capital, and top-tier enterprises. This article will break down the core signals of Bitcoin Asia 2025, and show how Bitcoin is moving from idealism to reality. Click to register SuperEx Click to download the SuperEx APP Click to enter SuperEx CMC Click to enter SuperEx DAO Academy — Space Macro Narrative: Bitcoin’s “Victory Moment” 1. The Trump Family: From “De-banked” to Full Bitcoin Embrace One of the biggest highlights of the conference came from Eric Trump’s remarks. As Executive Vice President of the Trump Organization, he shared an ironic story: for political reasons, the Trump family was “de-banked” by U.S. financial institutions. In other words, they were marginalized by the traditional banking system, even denied normal financial services. And that ironically became their entry point into Bitcoin. Eric bluntly stated that Bitcoin hitting $1 million is just a matter of time, and he advised investors to “buy and hold for five years.” Even more interestingly, he floated a wild idea — maybe one day, tariffs could be paid in Bitcoin. Behind this is a strong political signal: When the traditional financial system shuts the door on certain groups, Bitcoin becomes the alternative. In the dilemma of being “de-banked,” Bitcoin is no longer just a wealth allocation tool, but a kind of financial refuge. Eric also revealed that he now spends 90% of his time in the Bitcoin community, and he highly praised his father’s administration for its digital asset policy pivot. In just 7 months, progress in U.S. digital assets has exceeded that of the past 10 years. The signal is very clear: Bitcoin is shifting from rebel outsider to policy tool, entering a true state-level narrative. 2. Balaji: Bitcoin’s Algorithmic Revolution and New Challenges Another heavyweight guest, Balaji, presented an even more extreme vision: Bitcoin will end the Federal Reserve’s control, replacing human decision-making with algorithmic monetary policy. Imagine a world where there are no longer “Fed rate hikes or cuts” as macro gambles, but instead completely transparent algorithmic rules. What would the global financial system look like then? Balaji even predicted that when Bitcoin’s price breaks from $100,000 to $1 million, half of the world’s billionaires will come from crypto. The traditional wealth structure will be completely overturned. But he didn’t ignore risks either: Quantum computing could threaten Bitcoin’s cryptographic foundation. 51% attacks remain a potential black swan. Developer security and system backdoors are issues that must be solved in the future. This reminds us: Bitcoin’s victory is not the end of the story, but the beginning of new challenges. Market Sentiment: Bullish Consensus vs. Altcoin Awkwardness 1. The Signal of a “Long Bull” for Bitcoin Podcast host Stephan Livera predicted that this Bitcoin cycle will last longer than any before. He even cited the “power law model,” arguing that by 2045, Bitcoin could reach $10 million per coin, with a market cap of $200 trillion. Sounds like fantasy? Don’t forget: Central banks like Switzerland’s are already holding Bitcoin ETFs. More and more countries are experimenting with “sovereign mining.” This means Bitcoin demand is no longer just “speculation,” but has entered the level of national strategic reserves. 2. The “Value Dilemma” of Altcoins Compared to Bitcoin’s spotlight, most altcoins appear awkward. Livera was blunt: “The utility token theory is wrong. Just because a token is used as gas doesn’t mean it has value.” In other words, 99% of altcoins are either speculative plays or just tech experiments. Very few can truly sustain long-term value. Meanwhile, Mike Jarmolish from Lightning Ventures was even more extreme in his optimism: “There are no bearish reasons.” He argued that Bitcoin’s OTC buyer base is so massive that it’s impossible to go back to the kind of deep pullbacks we saw in the past. The core signal here: in 2025, the main storyline is Bitcoin — everything else is just side quests. CZ’s Forward-Looking Thoughts: Stablecoins, RWA, DEX, and AI Stablecoins: Every Country Will Have Its Own CZ’s first point cut straight to the heart: stablecoins are blockchain’s native application, and in the future, every country will have at least a few. The logic is simple: stablecoin = digital dollar at the national level. It’s not a matter of if, but when. RWA: Liquidity Challenges and Regulatory Hurdles CZ described Real-World Asset tokenization (RWA) as something that must be explored, but hasn’t yet proven itself. The main problems are: Insufficient liquidity. Complex regulation. Obvious flaws in product mechanisms. This means RWA still has a long way to go before it becomes an institutional narrative on par with Bitcoin. DEX: Inevitable Rise Over CEX Even though Binance remains the largest centralized exchange, CZ openly admitted: within 5–10 years, DEXs will surpass CEXs. Why? DEXs offer higher transparency and no KYC. User demand for self-custody is getting stronger. Though DEXs today have issues with UX and fees, technological progress is inevitable. AI + Web3: Crypto as AI’s Native Currency Perhaps the most eye-catching point was CZ’s view on AI: in the future, AI agents will generate massive volumes of micropayments, and crypto is the only viable payment form. In other words, AI’s financial system will inevitably be blockchain-based. This isn’t just a merging of two tracks, but potentially the most important tech convergence of the next few decades. Institutional Wave Another standout highlight of Bitcoin Asia 2025 was the repeated emphasis on the concept of “Bitcoin Treasury Companies.” Since 2020, the U.S. money supply has grown 30%. Bitcoin is the most effective hedge against inflation. And yet, currently only about 175 listed companies globally have adopted Bitcoin treasury strategies — a mere 0.3%. In other words, this wave has only just begun. Tech Upgrades: New Directions for the Bitcoin Protocol Eric Wall, founder of Taproot Wizards, raised a thought-provoking point: Bitcoin is undergoing an “enterprise acquisition.” What does that mean? As more institutions and listed companies join in, influence over Bitcoin protocol upgrades is shifting from community to enterprise. He highlighted the potential of the op_cat upgrade, as well as using Stark/ZK proofs to improve privacy and scalability. This sends a crucial signal: the Bitcoin of the future won’t just be “digital gold,” but an evolving financial operating system. Conclusion Looking back at the whole conference, several clear threads emerge: Macro level: Bitcoin has upgraded from “people’s money” to a strategic asset for nations and institutions. Market level: The bullish consensus is overwhelming, while altcoins are gradually being sidelined. Tech level: Protocol upgrades, AI integration, and DEX growth are all pushing the Bitcoin ecosystem to new heights. Institutional level: Bitcoin treasury companies and ETFs are prying open the gates of traditional capital markets. In one sentence: Bitcoin Asia 2025 didn’t just let people see the future of price — it showed us that Bitcoin is already starting to shape a new financial order.

#Trump #Cook #Crypto Disclaimer: This article provides an in-depth analysis of market hot topics only. It does not involve or represent any political stance or political views. A butterfly flaps its wings in South America, and the result might be a tornado in Texas. At this moment, the butterfly effect has been vividly demonstrated: what seemed like a trivial mortgage issue triggered a storm leading to the attempted removal of a Federal Reserve Governor. This is essentially a political clash over “who gets the final say”: the President seeking to fire a Governor, while the Fed insists that “Governors cannot be arbitrarily dismissed.” What looks like a power struggle quickly spilled over into financial markets — and even shook the crypto world. Some joked: “The Fed’s meeting minutes matter less than one sentence from Trump.” Others warned: “The politicization of crypto markets has reached a new high.” So how exactly did this “Trump vs. Cook” drama unfold, and why did it ripple through both Wall Street and crypto? Let’s break it down step by step. Click to register SuperEx Click to download the SuperEx APP Click to enter SuperEx CMC Click to enter SuperEx DAO Academy — Space The Timeline: Trump’s Attempt to Remove Cook 1. The Trigger: Mortgage “Fraud” Accusation → Trump Strikes The story didn’t begin with monetary policy, but rather with what seemed like a trivial “butterfly” — a home loan. According to media reports, FHFA Director Bill Pulte accused Fed Governor Cook of applying for mortgages on two properties, declaring each as her primary residence to secure lower interest rates. Cases like this aren’t rare in the U.S., but when it involves a high-profile official, it becomes political ammunition. Trump seized the opportunity. On social media, he immediately amplified the report and bluntly declared: “Cook should resign immediately.” Remember, Trump has long held grievances against the Fed. Since taking office, he’s repeatedly blasted the central bank for not cutting rates, even calling out Chair Powell as “slow to act.” After years of stalemate, Trump shifted his sights from Powell to the Governors. Cook — neither his appointee nor free of controversy — became the perfect target. Thus, Trump moved quickly, announcing his intention to remove her. 2. The Fed Pushes Back: Governors Cannot Be Arbitrarily Fired But here’s the key question: Can the President actually fire a Fed Governor? The answer: not so simple. Under the Federal Reserve Act, Governors serve 14-year terms precisely to guarantee central bank independence and shield it from short-term political cycles. Legally, the President can only remove a Governor “for cause.” But what counts as “cause”? The law doesn’t clearly define it. Typically, only serious misconduct or major ethical violations qualify. Whether Cook’s mortgage issue rises to that level is for the courts to decide. The Fed responded swiftly: A Governor’s term is fixed; the President cannot dismiss at will. Cook remains a sitting Governor and will participate in rate decisions unless a court rules otherwise. Cook, through her lawyer, announced plans to sue immediately to defend her rights. This means at the upcoming Sept. 16–17 FOMC meeting, Cook will almost certainly still be present. Even if Trump ultimately prevails, his action won’t take immediate effect. 3. Trump’s Real Goal: Rate Cuts Trump’s public feud with the Fed isn’t really about Cook — it’s about pushing rate cuts. For years, Trump has argued that high rates are shackles on the U.S. economy, hurting stocks and jobs. He wants easier money to fuel growth, lower government debt costs, and — politically — to showcase a booming economy under his watch. Markets understand this logic: rate cuts lower financing costs, boost equities and housing, and ease fiscal stress. For a president who equates prosperity with political strength, this is vital. But Chair Powell and most Governors insist on a “data-dependent” approach: only if inflation subsides and employment holds steady will cuts be considered. This cautious stance clashes directly with Trump’s political urgency. So Trump bypassed policy debate and turned to personnel and public pressure instead. By targeting Cook, he sent a blunt signal: “If you don’t comply, I’ll reshape the Fed’s power structure step by step.” The risks? Market doubts about Fed independence could rise, raising long-term inflation expectations. Wider rifts inside the Fed would make future policy harder to predict, fueling volatility. In short: Trump’s rate-cut gamble is a double-edged sword. Short-term, he may win cheers from markets and voters. Long-term, the Fed’s credibility — and the dollar’s global standing — may quietly erode. Market Reaction: Stocks and Crypto Rally While the political drama unfolded, markets already voted. On the very day Trump declared Cook’s ouster and hinted rate cuts were inevitable: U.S. equities surged: Dow +1.89%, S&P 500 +1.52%, Nasdaq +1.88%. Crypto soared even more: BTC rebounded to $117,000; ETH broke above $4,800, and by Aug. 25 touched a new ATH at $4,956. Why? Because traders read Trump’s move as political pressure that makes rate cuts nearly certain. Liquidity easing = risk assets rally. Both Wall Street and crypto followed the script. Ripple Effects in Crypto: Capital Shifts & New Hotspots For crypto, the impact goes beyond price spikes — it’s about capital allocation. 1. BTC flows into ETH On-chain data shows about $2B in BTC rotated into Ethereum during the dip-and-rally cycle, suggesting institutions see ETH as a stronger play in this environment. 2. Institutions quietly accumulate ETH In the last 12 hours, BitMine received 131,736 ETH from custodians like BitGo, Galaxy Digital, and FalconX — clear evidence of big money doubling down. 3. New project tokens get a boost Liquidity expectations also lifted certain DeFi governance tokens, which spiked in volume and price. This is the butterfly effect in action: one political move, cascading into global crypto flows. Conclusion Some say Trump and crypto are in a “mutual exploitation” relationship: crypto leverages Trump’s publicity and policy shocks, while Trump points to market rallies — stocks and coins alike — as proof he’s “reviving the economy.” This Cook episode is just the latest example. Regardless of how the courts rule, Trump has already succeeded in putting the Fed on the political stage — and dragging crypto into the storm of power struggles. Perhaps that was his real goal all along.

#Trump #Fund #401(k) On August 7, U.S. President Donald Trump signed an executive order that, while it may look dry on the surface, could reshape the crypto market landscape — allowing fixed-contribution retirement plans such as 401(k)s to invest in alternative assets, explicitly including cryptocurrencies for the first time. It’s important to note that the 401(k) is the backbone of retirement savings for America’s middle class. More than 90 million Americans participate, with total assets reaching $9 trillion. In the past, these funds were almost exclusively allocated to low-risk products like Treasuries, mutual funds, and blue-chip stocks. Now, for the first time, policy is opening the door to high-risk, high-reward alternative assets. The market quickly did the math: even if just 2% of 401(k) funds flowed into cryptocurrencies, that would represent roughly $170 billion in potential inflows — an amount equal to nearly two-thirds of the total current market cap of all spot crypto ETFs and publicly listed reserves combined. Our long-time readers may recall that in earlier articles we discussed the possibility of the $9 trillion in 401(k) retirement savings being allowed to invest in the crypto market. Back then it was just an expectation — now, with Trump’s August 7 executive order signed, that expectation is set to become reality. But hold on — this isn’t a story about billions pouring into the crypto space tomorrow morning. There’s still a series of real-world constraints, regulatory details, and market gamesmanship to navigate. Click to register SuperEx Click to download the SuperEx APP Click to enter SuperEx CMC Click to enter SuperEx DAO Academy — Space The U.S. Pension Dilemma: Why Take the Risk? The U.S. pension system is built on a “three-pillar” model: Federal mandatory pension (Social Security) — covers basic living needs, but not a comfortable retirement. Employer-sponsored supplemental pensions (401(k) and similar) — offered by employers, with voluntary employee contributions. Personal retirement savings — fully self-managed. In an ideal world, Social Security provides the baseline, 401(k) supplements it, and middle-class families can maintain a decent standard of living in retirement. Reality is much harsher. Inflation and surging healthcare costs have been eating away at purchasing power. Surveys show that now only about one-third of 401(k) participants believe they will meet their retirement goals — 10 percentage points lower than last year. Public pensions at the state and local levels are in even worse shape, with unfunded liabilities approaching $1.4 trillion. This means that sticking to the old low-risk portfolios could very well leave pensions underperforming inflation — let alone making up funding gaps. As a result, policymakers are now looking for higher-return solutions. Alternative Assets: Higher Risk, but Potentially Higher Returns Trump’s executive order defines “alternative assets” broadly: Private equity Real estate Infrastructure projects Commodities Digital assets (cryptocurrencies) Why bring these in? Two main reasons: Higher potential returns — especially in high-volatility markets like private equity and crypto. Low correlation — they don’t move in lockstep with traditional stocks and bonds, helping diversify risk. The trend in real life supports this shift: in 2001, U.S. public pensions allocated just 14% to alternative assets. By 2021, that figure was close to 40%. The California Public Employees’ Retirement System (CalPERS) even plans to add more than $30 billion to private market investments over the next few years. For cryptocurrencies, this is the first time they’ve had a chance to access such a massive, long-term capital pool. What Happens If 2% Flows into Crypto? Let’s look at the scale: Total 401(k) assets: $9 trillion 2% allocation to crypto: $170 billion Current total market cap of all spot crypto ETFs + public reserves: about $250 billion In other words, even a small test allocation could expand crypto’s “regulated capital pool” by two-thirds. This kind of shift has far more structural impact than a single bull-run price pump. However, this $170 billion won’t arrive overnight — the rollout may take six months to two years: The Department of Labor will issue detailed rules — clarifying allocation limits, product requirements, and risk disclosures. Fund companies will design products — most likely spot crypto ETFs or mixed funds. Employers will choose whether to add them to investment menus — not all companies will move right away. Employees will decide for themselves whether to invest. In the near term, the crypto market will mostly see a “sentiment rally”, while actual capital inflows will come only once the rules and products are in place. Spot Crypto ETFs Could Be the Biggest Winners From a pension fund’s perspective, safety, compliance, and liquidity are top priorities. Spot Bitcoin ETFs and Ethereum ETFs meet these requirements: Regulated by the SEC Clear custody arrangements Ample liquidity Transparent pricing Compared to buying tokens directly, ETFs’ legal and audit frameworks make them much more likely to pass pension compliance reviews. It’s reasonable to expect that within a few years, Bitcoin and Ethereum ETFs could appear on U.S. 401(k) investment menus. International Perspective: From “Savings Pensions” to “Investment Pensions” Trump’s policy is not just financial deregulation — it’s a philosophical shift in how pensions are managed: The first pillar (government guarantees) remains unchanged. The second and third pillars (employer and personal pensions) take on more investment risk. Encourages individuals to actively manage retirement fund allocation. For countries whose pension systems rely heavily on government funding, this is a potentially disruptive model: allowing pensions to invest in high-risk, high-reward assets to chase higher long-term returns and ease future payment pressures. Europe, Japan, and South Korea’s pension managers may in the future look to the U.S. example and allocate part of their portfolios to alternative markets — including crypto assets. Medium- to Long-Term Impact on the Crypto Market Looking at it in three stages: Short term: Market sentiment is boosted, interest in ETFs and other regulated products rises, and prices may see speculative gains. Medium term: Rules are finalized, first products enter pension menus, capital starts flowing gradually. Long term: Pensions become steady institutional investors, pushing crypto asset valuations and trading structures toward maturity. From this perspective, Trump’s executive order is not a short-lived “policy firework,” but rather the beginning of building a long-term funding pipeline — and once it’s built, inflows will be continuous. Conclusion Trump’s order allowing 401(k) plans to invest in alternative assets is, in the U.S. domestic context, aimed at solving the pension underperformance problem. But for the crypto market, it’s a newly opened door — to a $9 trillion pool of capital. Even at just a 2% allocation, the scale is enough to reshape the market landscape. While implementation will take time and risks remain, the policy undeniably adds an element of institutional endorsement for cryptocurrencies. For crypto investors, this could be a structural opportunity worth tracking over the long term — the real capital pool is still filling up.