The week that was Bitcoin experienced a significant rally, nearing record highs, driven by positive regulatory news regarding cryptocurrency investments in 401(k) retirement plans. Altcoins and memecoins saw a temporary breakdown in their relationship with Bitcoin, with investors moving out of alts into BTC, potentially signaling a decoupling and a future "alt season." The market is looking good for the fall, with year-end targets for Bitcoin between $138,000 and $250,000. Harvard and UK gold miner ECR Minerals have both made moves to include Bitcoin in their treasuries, setting a precedent for institutional adoption. SEC issued guidance classifying certain fully-backed stablecoins as cash equivalents, which is expected to boost adoption of compliant stablecoins like USDC and USDP, but will likely halt algorithmic stablecoins. Ripple and the SEC officially ended their legal battle. President Trump signed an executive order to prevent banking discrimination against crypto. The SEC declared crypto liquid staking activities are not securities, which is expected to lead to new interest-earning products. Trump's executive order opens the $12.5 trillion 401(k) retirement market to crypto, with Bitcoin being the primary asset for these funds. The US system's emphasis on individual choice contrasts with European models. Astrategic partnership between JPMorgan Chase and Coinbase aims to integrate crypto engagement for JPMorgan customers, including direct credit card funding and loyalty point conversion to USDC. JPMorgan is also piloting its own deposit token (JPMD) on Coinbase's "Base" blockchain. Featured Projects and Tokens: Forta Network is expanding its real-time security and compliance engine for modular blockchain ecosystems. Koinos ($KOIN), a layer-1 blockchain with a fee-free "Mana" resource system, is highlighted as a potential replacement for Ethereum, offering predictable operational costs and modular upgradeability. Other News & Project Updates: CFTC launched a "Crypto Sprint" and "Project Crypto" with the SEC to clarify regulation. New US law prohibits interest on stablecoins, but major platforms are offering "profit sharing." Former UK Chancellor George Osborne criticized the UK's slow crypto regulation. Marine Le Pen's party in France is drafting a bill for Bitcoin mining using nuclear power. Public companies BitMine Immersion Technologies and SharpLink have accumulated significant Ethereum holdings. Vitalik Buterin supports public companies adding ETH to treasuries but warns against excessive leveraging. Cardano community voted to fund core protocol development from its treasury. Pumpfun established a foundation to provide liquidity to promising communities. Orca DAO proposed a token buyback and staking of SOL. Chainlink launched Chainlink Reserve, a strategic pool of LINK tokens. ResearchHub plans to burn 100% of transaction fees for its RSC token. Ethena's synthetic dollar, USDe, surged to $9.3 billion market cap. World Liberty Financial (WLFI) launched a loyalty program for its USD1 token.
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