Animoca launches NUVA marketplace to unify ‘fragmented’ RWA sector

The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.

Happy Thursday! President Trump is reportedly set to sign an executive order today opening a path for crypto in 401(k) plans, and another one threatening penalties for crypto debanking could be on the cards too.

Also in today's newsletter, Ethereum daily transactions reach a new record high, Ripple agrees to acquire Galaxy-backed stablecoin firm Rail for $200 million, Paxos settles with the NYDFS for $48.5 million, and more.

Meanwhile, short-term holder confidence is being tested as the price of bitcoin enters an "air-gap" zone following its July peak, according to analysts at Glassnode.

Let's get started.

Trump to sign executive order for crypto in 401(k) plans

President Trump will sign an executive order today directing the Labor Department to allow crypto, private equity, and other alternative assets in 401(k) plans, Bloomberg reported, citing a person familiar.

• Under the order, Labor Secretary Lori Chavez-DeRemer must revisit Employee Retirement Income Security Act guidance and coordinate with federal agencies on rule changes to support crypto in retirement accounts.
• It also reportedly instructs the Securities and Exchange Commission to help expand 401(k) access to crypto products like bitcoin ETFs by easing regulatory barriers.
• Trump's move targets roughly $12.5 trillion in defined-contribution accounts and asks regulators to explain how plan fiduciaries can safely include digital assets.
• The order builds on Trump's broader pro-crypto stance and follows a May rollback of the Labor Department's Biden-era rules that discouraged crypto in 401(k)s.
• President Trump may also sign another executive order to protect crypto companies, other firms, and individuals from debanking, threatening to penalize financial institutions involved, according to The Wall Street Journal.

Ethereum daily transactions reach new high, surpassing 2021 peak

Ethereum hit a new all-time high of 1.74 million daily transactions on Wednesday, surpassing its previous record peak during May 2021.

• Stablecoins and treasury strategies are fueling onchain growth, with July also marking Ethereum's busiest month yet at over 46 million transactions.
• "Ethereum's daily transaction count hitting an all-time high reflects a surge in DeFi activity, with stablecoins at the center of it," Presto Research analyst Min Jung said. "Growing interest in yield strategies — especially in anticipation of a rate cut — has led to more onchain transactions, from point farming to treasury deployments."
• Kronos Research CIO Vincent Liu said Ethereum's surging activity hasn't been fully priced into ETH yet, with staking ETF approvals from the SEC seen as the next potential catalyst.

Ripple to acquire Galaxy-backed stablecoin firm Rail for $200 million

Ripple has agreed to acquire Galaxy-backed Rail for $200 million to scale its RLUSD stablecoin payments and cross-border settlement as new U.S. regulations take shape.

• Rail expects to process 10% of global B2B stablecoin flows using tokenized dollars, giving Ripple a key payments front end across North America and emerging markets.
• The transaction, set to close in Q4, follows Ripple's $1.25 billion Hidden Road deal and comes as U.S. stablecoin rules solidify under the GENIUS Act and updated SEC guidance.
• Issuers are rushing to comply with the new framework, while more institutions mull entry into a market estimated to reach $2 trillion by 2028.

Paxos settles with NYDFS for $48.5 million over Binance BUSD partnership

Paxos Trust Company has agreed to pay $26.5 million in fines and invest $22 million in compliance upgrades after the New York State Department of Financial Services found it failed to vet Binance properly during their BUSD stablecoin partnership.

• In a statement, the NYDFS cited shortcomings in Paxos' weak anti-money laundering controls and reliance on Binance's word instead of conducting independent due diligence.
• A Paxos spokesperson emphasized that the compliance issues were historical, fully remediated, and caused no harm to customers, with the announcement marking a resolution of the matter.
• The settlement follows broader legal scrutiny of Binance, including a $4 billion DOJ penalty in 2023 and the dismissal of an SEC lawsuit against the exchange this year.

Chainlink launches strategic LINK reserve

Chainlink has launched a strategic LINK reserve funded by both onchain service revenue and offchain enterprise payments, designed to support the long-term growth of the decentralized oracle network.

• The Chainlink Reserve has begun by accumulating over $1 million worth of LINK as part of this initial launch phase, the project said, a haul it intends to grow over the coming months.
• Backed by rising institutional adoption, Chainlink expects the reserve to expand steadily with no anticipated withdrawals for several years.

In the next 24 hours

• It's quiet on the economic calendar front.
• Immutable and Moca Network are set for token unlocks.

Never miss a beat with The Block's daily digest of the most influential events happening across the digital asset ecosystem.

Disclaimer: This article was produced with the assistance of OpenAI’s ChatGPT 3.5/4 and reviewed and edited by our editorial team.

Disclaimer: The Block is an independent media outlet that delivers news, research, and data. As of November 2023, Foresight Ventures is a majority investor of The Block. Foresight Ventures invests in other companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. Here are our current financial disclosures.

© 2025 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

US President Donald Trump is set to sign an executive order on Thursday instructing federal bank regulators to identify and fine financial institutions that engaged in “debanking.”

According to Bloomberg on Thursday, citing a senior White House official, regulators will be required to review complaint data, while financial institutions under the purview of the Small Business Administration will be asked to make efforts to reinstate clients who were unlawfully denied banking services.

Debanking has been a key concern among some political groups, who argue that businesses such as gun manufacturers and fossil fuel companies have been denied banking services for idealogical reasons.

It was also a common complaint among crypto companies. During the administration of former President Joe Biden, allegations emerged of a new initiative called “Operation ChokePoint 2.0,” which some believed was an attempt to drive the crypto businesses offshore during the 2022 bear market.

Despite the change in tone under the Trump administration, allegations of debanking have persisted.

According to Bloomberg, the executive order will instruct regulators to eliminate the “reputational risk” category from guidance and training materials. Critics say that category was used to unfairly target crypto companies.

Group of banks attempts to block crypto bank applications

As the Trump administration makes an effort to end debanking, a group of powerful bank associations is attempting to block various crypto companies, including Ripple, from obtaining banking licenses.

According to a letter to the Office of the Comptroller of the Currency (OCC) dated July 17, the American Banking Association, Consumer Bankers Association, National Bankers Association, America’s Credit Unions and Independent Community Bankers of America seek to block banking applications from four digital asset providers, including Ripple and Fidelity.

In their letter, the associations argue that “there are significant policy and legal questions as to whether the Applicants’ proposed business plans involve the types of fiduciary activities performed by national trust banks.” In addition, the associations claim that the “public portions of the Applications do not allow for meaningful public scrutiny.”

TL;DR

The Bullish Targets

Cardano’s native token was at the forefront of gains in mid-July, soaring to as high as $0.93. Since then, though, it has been on a downtrend and currently trades at around $0.74 (per CoinGecko’s data).

The popular X user Ali Martinez recently argued that ADA could witness another major uptick and rally to an eight-month peak of $1.30. According to the analyst, however, the necessary condition for this potential explosion is a breakout above $0.84.

CryptoBullet – an X user with over 170,000 followers on the social media platform – is also bullish, envisioning a possible spike beyond $1.60.

For their part, TapTools noted a resemblance between the current ADA/BTC chart and the one witnessed before the bull cycle in 2021. That said, they expect a major rally in the following months.

Other popular figures who have touched upon the matter recently include Hardy and Smith. The formerbelievesthat those who hold ADA are “golden” because the bull run has not yet started.

Last week, Smith spotted the formation of a “monstrous cup and handle” on the asset’s price chart, which could be a precursor of a massive pump. The analyst thinks the valuation could hit a new all-time high above $4 once it surpasses the breakout target of $0.92.The Multi-Million Approval

Just a few days ago, Input Output Global, the core development team behind the Cardano blockchain,receiveda funding green light for its protocol roadmap proposal. The sum equals around $71 million worth of ADA and will be taken from the Cardano treasury.

The initiative gained significant approval, with 74% casting a “yes” vote. Tim Harrison, EVP Community & Ecosystem at Input Output, described this as “a milestone moment” for the blockchain protocol and noted that this is the first time such a development will be funded directly by the community.

“This vote of confidence empowers us to move forward with full transparency, shared responsibility, and a renewed commitment to building an open, resilient ecosystem,” Harrison added.

The capital will be used to support the implementation of major upgrades, including boosting network throughput without compromising security or decentralization, enhancing the Hydra layer-2 solution, laying the technical groundwork for more advanced smart contracts, and other improvements.

Франция переходит на новый этап внедрения криптовалют, поскольку партия крайнего правого крыла Rassemblement National (RN) готовит законопроект, разрешающий использовать неиспользуемую ядерную энергию для майнинга Биткоина. По информации французской газеты Le Monde, лидер партии и трижды выдвигавшийся в президенты Марин Ле Пен продвигала этот план во время визита на АЭС Фламанвиль 11 марта, заявив, что это разумный способ превратить упущенное электричество в “надежные и крайне прибыльные” цифровые активы.

План Франции: майнить Биткоин с помощью ядерной энергии

Предложение Rassemblement National стало одной из самых обсуждаемых криптоинициатив во Франции. Партия утверждает, что поскольку Франция часто производит больше электроэнергии, чем потребляет, излишки не должны пропадать впустую. Законодатель от RN Орелиен Лопес-Лигуори подготовил законопроект о размещении оборудования для майнинга Биткоина на ядерных объектах компании Électricité de France (EDF), государственной энергетической компании.Идея состоит в том, чтобы направить неиспользуемую ядерную энергию (до одного гигаватта избытков) прямо на майнинговые фермы. Поскольку более 70% французской электроэнергии производится на АЭС, избыточные объемы электроэнергии продаются с убытком или даже за счет Франции передаются соседним странам.Вместо того чтобы продавать лишнюю энергию в убыток, Франция будет использовать ее для более выгодного дела – майнинга Биткоина и сохранения прибыли. Законопроект, поданный в Национальное собрание Франции 11 июля 2025 года, предусматривает пятилетнюю пилотную программу, которая позволит энергетическим компаниям создавать майнинговые предприятия непосредственно на АЭС. По внутренним оценкам, это может приносить от 100 до 150 миллионов долларов дохода в год.

Политический поворот: от скептиков к сторонникам криптовалют

Поддержка майнинга Биткоина со стороны Rassemblement National обозначает резкий поворот в отношении партии к криптовалюте. В 2016 году Марин Ле Пен была категорически против криптовалют, считая, что они лишат граждан контроля над финансами и увеличат власть глобальных банков, выступая за полный запрет их использования во Франции.Однако к 2022 году Ле Пен смягчила свою позицию, начав поддерживать регулируемое использование криптовалют в финансовой сфере. А к 2025 году она открыто выступает за майнинг Биткоина как часть национальной стратегии, что отражает значительные изменения как внутри её партии, так и в общественном политическом дискурсе по теме крипто.После неудачи подобного предложения в июне 2025 года депутат Лопес-Лигуори переработал законопроект, сделав акцент на национальную инфраструктуру и экономическое восстановление, утверждая, что план поможет сделать Францию более экономически независимой и решить давнюю проблему с избыточной энергией.В случае принятия Франция станет первой страной в Европе, официально связавшей майнинг Биткоина, поддерживаемый государством, с ядерной энергией, задавая пример другим странам, стремящимся заработать на избыточной возобновляемой или ядерной энергии.

Быки стремятся превратить уровень $114 000 в поддержку. Источник: BTCUSD on TradingView.com

Токен Maxi Doge (MAXI) собирает $400 тыс. на предпродаже, поскольку трейдеры проявляют интерес

Maxi Doge (MAXI) – это новый смелый мем-коин, построенный вокруг культуры “только вверх”, которая определяет крипто-бычьи рынки.

Токен дает сообществу шанс “выйти из душной комнаты”, уйти от ограничений и получить доступ к потенциальным сделкам x1000 через Maxi Fund. 25% общей эмиссии направлены на поиск самых взрывных токенов цикла, без стоп-лоссов, без страха и с одним правилом: если цена падает – удваивай ставку! Такие инвестиции с высоким риском и высокой уверенностью для тех, кто хочет либо поучить максимальную прибыль, либо уйти с рынка с пустыми руками. Maxi Doge создан для настоящих криптоэкстремалов!Предпродажа еще актуальна: неавно бло собрано целых $400 000. Чтобы купить токен $MAXI прямо сейчас, достаточно зайти на официальный сайт Maxi Doge и подключить свой криптокошелек (например, Best Wallet). Вы можете обменять USDT или ETH на токен, либо инвестировать в проект с помощью банковской карты.

Omni Network (OMNI) continues to ride a powerful bullish wave one week after its debut on South Korea’s top exchange, Upbit.

As of now, the token trades at approximately $5, marking a 276% surge over the past 30 days, with the listing acting as a major catalyst in drawing global investor attention.

Launched to tackle fragmentation in Ethereum’s growing rollup ecosystem, Omni Network is fast becoming a favorite among both retail and institutional investors. The network’s promise of seamless interoperability between Ethereum rollups, powered by OMNI as a universal gas token, has boosted its bullish momentum.

Why OMNI Is Outperforming the Market

OMNI’s remarkable ascent began with its July 29 listing on Upbit. Within hours, the token surged from $2.50 to over $7.80, before stabilizing around $5. High trading volumes exceeding $580 million supported the magnitude of investor demand.

Technical indicators remain bullish. The MACD line continues to trend above the signal line, while RSI levels, though overbought, suggest sustained momentum.

Analysts view $4.36 as a crucial support level, with $5.98 and $6.94 serving as key resistance points. A breakout above these could pave the way to $10 and beyond in the coming months.

Beyond speculative interest, the token’s utility adds long-term value. Its dual staking model, which includes both the token and restaked ETH, combined with its universal gas marketplace, makes it a foundational infrastructure layer in Ethereum’s modular future.

The Commune AI community call will talk about new ModChain tokenomics and a new app launch. Changes in tokenomics can affect the value of the COMAI token, since they may make the token more useful or rare. The app could also bring more users, which may help the price. However, the real price impact depends on how strong and positive these changes are. If the community likes what they hear, the price may go up. If there is doubt or confusion, price might stay the same or fall. Learn more at this source.