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Trump's executive order drives the crypto market to rise across the board, with Layer 2 leading the pump by nearly 10%.
[Chain News] On August 8, according to data from a data platform, various zones in the crypto market have risen significantly, with an increase generally reaching about 2% to 9%. On the news front, Trump signed an executive order allowing 401(k) retirement plans to invest in Crypto Assets, with approximately $9 trillion in retirement funds potentially becoming a long-term stable funding source for the crypto market. In addition, the warming expectations of a ceasefire between Russia and Ukraine have boosted market sentiment. The Layer 2 zone rose 9.53% in 24 hours, with Mantle (MNT) rising 25.77% and Zora (ZORA) rising 34.35%. Meanwhile, Ethereum (ETH) rose 5.67%, briefly breaking through $3900, while Bitcoin (BTC) rose 1.79%, currently reported at $116,000.
The outstanding zones also include: the PayFi zone rose by 9.09%, among which, XRP, which officially ended its 4-year legal dispute with the SEC, rose by 11.21%, and Stellar (XLM) surged by 14.41%; the NFT zone rose by 7.75%, within the zone, Pudgy Penguins (PENGU) rose by 6.68%; the RWA zone rose by 7.41%, Pendle (PENDLE) and Keeta (KTA) rose by 26.69% and 28.56%, respectively.
In other zones, the DeFi zone rose by 6.02%, Chainlink (LINK) rose by 10.32%; the Meme zone rose by 5.96%, BUILDon (B) rose by 16.72%; the Layer1 zone rose by 3.32%, Hedera (HBAR) rose by 8.07%; the CeFi zone rose by 2.51%, Hyperliquid (HYPE) rose by 6.72%.