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[Weekly Web3 News Highlights] Trump signs executive order to include Crypto Assets and other alternative assets in 401(k) plans; US SEC releases latest guidelines: liquid staking is not within the scope of securities law regulation; Fed's Daly: the timing for interest rate cuts is approaching, and the number of cuts this year is more likely to be greater than two.

Trump signed an executive order to incorporate Crypto Assets into the 401(k) plan; SEC released guidance stating that liquid staking is not subject to securities law regulation; Ripple's legal dispute with the SEC has ended; Grayscale's long-term plan for an IPO; Harvard holds $117 million in Bitcoin ETF.
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[Bit推 Daily News Highlights] Harvard University holds $117 million in Spot Bitcoin ETF for Q2, exceeding investment in Google's parent company Alphabet; Trump plans to promote Fannie Mae and Freddie Mac IPO within the year, aiming to raise $30 billion;

Daily Web3 news selected for you by the Bitpush editor:
Harvard University holds $117 million in spot Bitcoin ETFs in Q2, surpassing investment in Google parent company Alphabet.
According to news from Bitpush, the investment portfolio of Harvard University held $117 million worth of shares in the BlackRock spot Bitcoin ETF (IBIT) at the end of the second quarter, as stated in the documents released on Friday. This investment ranks fifth in Harvard University's holdings, surpassing its investment in Google's parent company Alphabet (approximately $114 million).
The document shows that Harvard Management Co
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Bags splurged 800,000 USD on the acquisition of the WIF prototype hat: a "sky-high marketing" gamble for the meme launchpad.

A founder purchased a $30 pink beanie for nearly $800,000 due to its special value in a well-known meme. This hat auction attracted attention, and the Bags platform also announced it will reward the first meme coin to surpass a market capitalization of $10 million.
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The Death of Cosmos: Why the King of Cross-Chain Has Become a 'Value Black Hole'?

Written by: Yanz, Deep Tide TechFlow
Original title: Who killed the cross-chain king Cosmos?
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The performance of the Cosmos ecosystem at the end of 2024 and the beginning of 2025 is particularly noteworthy, but not because of good news.
As of August 5, 2025, the core token of Cosmos, ATOM, has shrunk to $4.2, a drop of up to 90% from its peak. Meanwhile, compared to the end of 2024, the major project Osmosis (OSMO) has fallen by 79%, the price of JUNO has shrunk by 82% almost to zero, and even the relatively strong Injective (INJ) has retreated from $34 to around $12. Not to mention, Kava, Evmos, Cronos, and Fetch.AI have all generally fallen...
Once in 2022
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