Daily on-chain Briefing | August 8

Market Overview:

The current "Fear and Greed Index" is 62, placing it in the "Greed" range. This indicates that investors are generally optimistic, possibly driven by recent regulatory favorable news. Compared to yesterday's 54 (Neutral) and last week's 72 (Greed), although market sentiment has fluctuated, it shows an overall warming trend.

Today's Headlines:

1. Trump's executive order opens up 401(k) investment in cryptocurrency

- On August 7, 2025, Trump signed an executive order allowing 401(k) retirement plans to invest in cryptocurrencies, private equity, real estate, and gold.
- The Department of Labor will review and adjust relevant regulations within 180 days to lower the investment threshold for non-traditional assets.
- This move could release over $12 trillion in retirement funds, greatly promoting the adoption of crypto assets.

Impact:
This policy is expected to bring in a massive influx of funds, particularly benefiting mainstream assets such as Bitcoin and Ethereum. Institutional investors will position themselves more actively, and retail investors will also gain new avenues for asset diversification. However, figures like @PeterSchiff warn of potential high costs and liquidity risks.

2. Ripple and SEC End Years of Litigation

- Ripple and the U.S. Securities and Exchange Commission (SEC) have agreed to withdraw their appeal, ending a nearly five-year lawsuit over the securities status of XRP.
- The court previously ruled that publicly traded XRP is not a security, while institutional sales are considered securities, resulting in Ripple paying a fine of $125 million.
- The litigation dust has settled, which is expected to boost investor confidence.

Impact:
The end of the litigation eliminates significant uncertainty, and an increase in XRP trading volume and wallet activity is expected. Institutions may accelerate the launch of XRP-based financial products, but some regulatory ambiguities still need attention.

3. Cardano on-chain vote approves $71 million development fund

- On August 2, 2025, the Cardano community passed its first on-chain governance vote, supporting a development fund of $71 million (96 million ADA).
- Funds will be used for expansion over the next 12 months (Ouroboros Leios, Hydra), cross-chain interoperability, and developer tools.
- Showcases Cardano's leading position in decentralized governance.

Impact:
This move demonstrates Cardano's commitment to decentralized governance, with the potential to accelerate technological iteration and enhance competitiveness. On-chain data may show an increase in staking and trading activity. Institutional investors value mature governance models, while retail investors look forward to the long-term value appreciation of ADA. Whether the project can deliver on its promises remains key.

Choose the right track and run alongside for the long term.

Regardless of how the market fluctuates, remember to stay rational, manage your risks well, and don't let emotions dictate your investment decisions.

Wishing you smooth trading, always remember to DYOR!