Trump signs executive order allowing US 401k retirement plans to invest into crypto and private equity
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Daily Bits
Aug 8, 2025
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Daily top performer — Pendle (PENDLE)
The S&P 500 slipped 0.08% as Trump’s tariffs took effect, but futures rose Friday on chip sector strength and rising Fed cut bets. Gold rose 0.45% to $3,385 on stagflation fears, weak jobs data, and Trump’s tariffs, though it faced resistance near $3,400. The Coindesk Indices, which tracks the broader crypto market, rose 5.67%, with Bitcoin and Ether up 1.95% and 5.30%, respectively in the past 24 hours. Trade these markets and more with up to 500x leverage on Bybit MT5 using this link.
Today’s top performer is PENDLE, up 28.0% after Pendle’s Boros launched onchain trading for floating yield rates and funding rate hedging strategies.