Major Crypto News – as of August 2, 2025

Trump’s Executive Order Could Add Crypto to 401(k) Plans
A new executive order may allow 401(k) retirement plans to include crypto and private equity investments. Private equity firms view crypto inclusion as a reputational risk, while proponents highlight it as a potential wealth-building tool. Final details and liability protections are still pending.

Indonesia Implements Stricter Crypto Tax Rules
Starting August 1, Indonesia raised taxes on crypto trades—0.21% for domestic transactions and 1% for foreign exchange usage. VAT on mining doubled, and prior special mining taxes will phase out into standard income rates in 2026.

New Malware Campaign Targets Crypto Users via Fake Ads
JSCEAL, a stealthy malware distributed through over 35,000 malicious ads, is tricking victims into installing fake wallet/exchange apps. Once executed, it steals credentials and private keys. Users are urged to update antivirus tools and avoid suspicious installers.

Syz Capital Reopens Institutional BTC Fund
Syz Capital's BTC Alpha fund plans to raise 2,000 BTC (≈ $200M) in October, with ~1,800 BTC already committed by institutions and high-net-worth investors. Highlighting growing demand in institutional crypto allocation.

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🔍 Market & Project Updates

August Token Unlocks Set to Drop 52%, Slashing Sell‑Pressure
Token unlocks are expected to total $3B in August, down more than half month-over-month. While overall unlocks decline, large releases from Sui ($167M), Aptos, Avalanche, Arbitrum, and others could influence token-specific volatility.

Altcoins to Watch This Weekend: OP, CFX, XDC

Optimism (OP): Down ~3.5% over the week, but its upcoming Superchain Upgrade 16 may push it above $0.70.

Conflux (CFX): Gained ~22%; resistance at ~$0.240 with support at $0.194.

XDC: Up ~15.5%; near $0.100 resistance and showing bullish signs on technical indicators.

Crypto Projects Rolling Out Major August Updates
Phylax prepares for a mainnet upgrade on August 12, enhancing validator incentives and cross-chain capabilities. The Delabs Game Festival (August 23–26) is expected to drive engagement around tokens like PHY, SOL, and DELA.