President Trump confirmed a $14 billion deal for TikTok that allows US companies, including Oracle and Michael Dell, to control the app’s content algorithm. This agreement is part of a national security provision requiring TikTok's divestiture from its Chinese parent company, ByteDance. The deal follows Trump's earlier attempts to ban TikTok due to national security concerns.

Bitcoin reached a record price of $124,480, continuing its summer rally, driven by an influx of companies investing in the cryptocurrency and supportive policies from the Trump administration. The digital asset has surged 30% in value this year, propelled by the opening of US retirement plans to crypto investments and the rise of "bitcoin treasury" companies.

US President Donald Trump has signed an executive order that allows Americans to include alternative assets like cryptocurrencies in their 401(k) retirement plans. The move aims to provide greater asset diversification and competitive returns, though experts caution about the potential risks associated with the volatility of such investments. Following the announcement, Bitcoin's price saw a slight increase as the sector anticipates access to a significant pool of retirement funds.