Bitwise Research Director: Cryptocurrency assets included in 401 (k) could attract up to $800 billion in inflows

Ukrainian President Serenski said on the 7th that Russia has the initiative to end the Russia-Ukraine conflict, and called on Russia to take the lead in ceasing fire and promoting peace through diplomacy. He emphasized the importance of the European position and reached a consensus with European leaders to plan a conference to promote the peace process.

The Minneapolis-based firm's ether holdings sit at 521,939 ETH as of its latest purchases.

According to The Block, Oblong, a Nasdaq listed company, announced that it has fully pledged Bittensor (TAO) tokens worth $8 million to support network operations and incentivize AI innovators. Oblong has been shifting its focus since June; Decentralized AI Vault; Strategic focus on accumulating TAO. The company previously raised $7.5 million through stock subscription to advance this strategy. In addition to Oblong, companies such as xTAO and TAO Synergies have recently made significant purchases and holdings of TAO. The current token price of Bittensor is $354.67, with a total market value of approximately $3.4 billion.

According to Ryan Rasmussen, research director at Bitwise, if cryptocurrency assets account for 1% to 10% of the total assets in a 401 (k) retirement account, the corresponding potential inflow of funds will reach $80 billion to $800 billion. According to Bitwise data, as of the second quarter of 2024, the total assets of 401 (k) plans in the United States are close to $8 trillion.

In addition to the fine, Paxos agreed to invest another $22 million into beefing up its compliance program.