In today's crypto news, Donald Trump announced the nomination of Stephen Miran to temporarily replace Adriana Kugler on the Federal Reserve Board, impacting monetary policy including interest rates. The White House has also confirmed plans for an executive order to include cryptocurrencies in 401(k) retirement plans, which could open a $12.5 trillion market to digital assets. This move aims to provide broader retail exposure to crypto amidst concerns of fiduciary risks and regulatory uncertainties. In corporate news, shares of IREN Ltd rose nearly 11% after reporting the mining of 728 BTC in July, outperforming its competitor MARA Holdings, which mined 703 BTC. Despite operating a smaller hashrate, IREN demonstrated higher efficiency, reflecting productive operations during the month. The decision to include cryptocurrencies in retirement plans and the performance of Bitcoin miners are significant developments as the cryptocurrency sector continues to seek legitimacy and wider acceptance in the financial landscape.

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