Bitcoin Conference Held In New York City

Bitcoin balloons (Andrew Burton/Getty Images)

Bitcoin continues to rally following Trump’s executive orders

The president signed two orders yesterday that crypto fans cheered: one allowing cryptocurrency to be included in retirement plans and another regarding debanking.

Yaël Bizouati-Kennedy

8/8/25 9:48AM

President Donald Trump’s highly anticipated executive order on Thursday, allowing crypto to be included in retirement plans, continued to boost bitcoin and the overall crypto market on Friday.

Crypto enthusiasts also cheered a second executive order that targets the “unfair debanking” of the digital assets industry and directs the Small Business Administration “to make reasonable efforts to reinstate clients and potential clients previously denied services due to unlawful debanking.”

“When banks arbitrarily restrict crypto firms, it forces legitimate companies to operate in regulatory grey areas or offshore,” Thomas Chen, CEO of Function, said. “For institutions holding or integrating bitcoin, this narrative only accelerates the normalization of crypto on corporate balance sheets.”

Many see the orders as a watershed moment for the industry, including Bitwise Europe Head of Research André Dragosch, who wrote on X that the “401(k) EO approval could be bigger than the spot #Bitcoin ETF approval.”

In other bitcoin news...

Bitcoin miner CleanSpark reported record third-quarter fiscal earnings Thursday, which it deems its “most successful quarter.” It grew its treasury to “over $1 billion in value,” CEO Zach Bradford said in the press release. The company, the ninth-largest bitcoin corporate holder, added 95 bitcoin and now holds 12,703 bitcoin in total.
Jack Dorsey’s Block reported second-quarter earnings yesterday, showing that it added 8,692 bitcoin, up from 8,485 bitcoin on December 31, 2024, according to regulatory filings. Bitcoin segment revenue was $2.14 billion, lower than Wall Street’s $2.48 billion estimate.
Publicly traded UK-based The Smarter Web Company acquired 50 bitcoin, now holding 2,100 bitcoin.
Nasdaq-listed Alliance Resource Partners acquired 28.84 bitcoin to bring its total to 540.

Yaël Bizouati-Kennedy

11h

Bitcoin tumbles toward $65,000 as crypto may be “forced to go through a painful metamorphosis”

The AI trade is “sucking all the oxygen out of the room,” one analyst wrote.

ITALY-BITCOIN-COMPRO-EURO-CRYPTOCURRENCY

Sage D. Young6/2/26

Solana falls to a more than 3-month low

The price of solana has been struggling, dipping below $76 briefly on Tuesday, a level not seen since February.

Despite the underlying asset suffering, solana ETFs saw $115 million of inflows in May, the highest monthly figure in 2026, data from SoSoValue shows. The investment vehicles have brought in a total of $1.1 billion since their inception last year and have yet to record a monthly outflow.

However, positive ETF flows haven’t swayed traders, who are increasingly negative: prediction market-implied odds of solana dropping under $60 in the year stand at 60%, an increase from 45% three weeks ago.

(Event contracts are offered through Robinhood Derivatives, LLC — probabilities referenced or sourced from KalshiEx LLC or ForecastEx LLC.)

"ETF flows for Solana have been positive but relatively small, so they currently only have a marginal effect on the overall price discovery for SOL," according to Carlos Guzman, research analyst at crypto trading firm GSR.

"Solana has been caught up in the broader crypto market weakness, where, outside of a few sectors that have attracted interest of late, including perpetual exchanges, privacy, and AI, most crypto token performance has been sluggish," Guzman told Sherwood News. "The meme coin narrative that drove interest in SOL in late 2024 and early 2025 has largely subsided, so the token has found itself outside of the current zeitgeist."

Meanwhile, former presidential candidate Andrew Yang’s Noble Mobile announced on Tuesday that it acquired Helium Mobile, a wireless carrier that runs on the solana blockchain. The two companies both declined to disclose the deal’s financial details, according to a report from Fortune.

(Event contracts are offered through Robinhood Derivatives, LLC — probabilities referenced or sourced from KalshiEx LLC or ForecastEx LLC.)

Yaël Bizouati-Kennedy

June Gloom

6/2/26

Bitcoin falls below $68,000 as bitcoin ETFs hit record losing streak

Strategy’s sale of 32 bitcoin may be small in number but it’s big in impact on market sentiment.