Lawmakers urge the SEC to integrate Bitcoin into 401(k) plans, potentially opening doors for millions of retirement savers.
21Shares lists the first US Dogecoin ETF, offering custody-free and regulated meme-coin exposure.
Hong Kong cracks down on crypto scams, while El Salvador restructures BTC reserves to guard against quantum threats.
The global crypto landscape is evolving rapidly, with major policy moves, regulatory actions, institutional adoption, and market flows shaping sentiment. From Washington’s push to include Bitcoin in retirement savings to El Salvador safeguarding its reserves against quantum threats, here are the top stories dominating the digital asset market today.
A group of US lawmakers is urging the Securities and Exchange Commission (SEC) to accelerate the rollout of President Donald Trump’s Executive Order 14330, which seeks to expand retirement investment choices. The order, signed in August, proposes allowing Bitcoin and other digital assets to be part of 401(k) plans, traditionally limited to stocks, bonds, and mutual funds.
In a letter to SEC Chair Paul Atkins, members of the House Financial Services Committee, including French Hill, Ann Wagner, Frank Lucas, Warren Davidson, and Troy Downing, stressed that American workers deserve the same range of options already available to institutional investors.
If implemented, millions of savers could gain direct exposure to Bitcoin in their retirement portfolios, potentially a remarkable moment for mainstream adoption of digital assets in the US.
Swiss asset manager 21Shares has officially listed the first Dogecoin exchange-traded fund (ETF) in the United States, under the ticker $TDOG on the Depository Trust & Clearing Corporation (DTCC) platform.
The listing provides institutions with regulated, custody-free exposure to Dogecoin, a token once dismissed as a meme but now cementing itself in financial markets.
Bloomberg ETF analyst Eric Balchunas flagged the listing on X, sparking a wave of commentary across the crypto community. TDOG’s arrival reflects the growing mainstream acceptance of alternative assets.
Hong Kong’s Security Bureau has announced the creation of a Virtual Asset Intelligence Task Force in response to a surge in crypto-related fraud cases.
Security Secretary Chris Tang Ping-Keung revealed that scams involving virtual asset platforms have risen sharply, with criminals exploiting these platforms to siphon off illicit funds.
The move comes on the heels of the JPEX scandal, the largest crypto fraud case in Hong Kong’s history, which has already resulted in over 70 arrests and the freezing of HK$230 million in assets.
The new task force will work with platforms to implement stop-payment mechanisms similar to those in traditional banking, aiming to halt fraudulent transfers in real time.
Also Read: Taiwan’s Biggest Crypto Scam: $72M Crypto Fraud Shocks 1,500 Victims, 14 Arrested
El Salvador, the first country to adopt Bitcoin as legal tender, has moved to restructure its $678 million Bitcoin holdings (about 6,274 BTC) across 14 separate wallets. Each wallet is capped at 500 BTC, reducing single-point failure risks and strengthening custody practices.
The National Bitcoin Office (ONBTC) described the “shard and spread” approach as a safeguard against future risks posed by quantum computing, which could theoretically compromise Bitcoin’s elliptic curve cryptography. While quantum threats are still years away, the proactive move aligns with global best practices in digital asset security.
Since adopting Bitcoin in 2021, El Salvador’s holdings have increased by over 124%, providing significant fiscal breathing room even as the country continues to balance its commitments under a $1.4 billion IMF program that demands transparency in its Bitcoin strategy.
Despite institutional adoption milestones, Bitcoin spot ETFs recorded significant outflows on September 22, with investors pulling a total of $363.17 million.
Fidelity’s FBTC saw the largest single-day outflow of $276.68 million, though it still holds cumulative inflows of $12.38 billion.
ARK Invest/21Shares’ ARKB ETF lost $52.30 million, with lifetime inflows of $2.17 billion.
As of now, Bitcoin spot ETFs collectively manage $148.09 billion in assets, representing 6.59% of Bitcoin’s total market capitalization. Historical cumulative inflows remain robust at $57.35 billion.
Also Read: Bitcoin Price Consolidates at $112,500; Can Bulls Defend the Support?
Former Binance CEO Changpeng CZ Zhao’s investment firm YZi Labs, which manages around $10 billion, is considering opening its portfolio to external investors.
Currently funded primarily by Zhao’s personal wealth and early Binance insiders, the fund backs over 230 companies, including Aptos Labs, Polygon, 1inch, LayerZero, Mysten Labs, and CertiK.
Ella Zhang, who heads YZi Labs, confirmed that “a lot of external investors are interested,” though the fund has not yet committed to opening up. The SEC has reportedly requested a private demo of YZi’s portfolio, signaling increasing regulatory engagement with crypto-native funds under the Trump administration.
Zhao, who resigned from Binance after pleading guilty to AML failures and serving a four-month prison sentence, remains Binance’s largest shareholder.
His push to expand YZi Labs reflects the growing appetite for crypto-native venture funds, following moves like Galaxy Digital’s $175 million external fund raise earlier this year.
1. What is the US proposal for Bitcoin in 401(k)s?
Lawmakers want the SEC to act on Trump’s order to allow Bitcoin and digital assets in retirement savings plans.
2. What is $TDOG and why does it matter?
$TDOG is 21Shares’ Dogecoin ETF listed on DTCC, giving institutional investors custody-free access to DOGE.
3. Why did Hong Kong form a new task force?
To combat rising crypto scams, especially after the JPEX scandal, with over 70 arrests and HK$230 million frozen.
4. How is El Salvador protecting its Bitcoin reserves?
It split $678 million in BTC into 14 wallets capped at 500 BTC each, reducing risks from future quantum computing.
5. What is CZ’s YZi Labs considering?
The $10 billion fund may open to outside investors, expanding beyond Binance insiders and Zhao’s personal wealth.
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