Trump’s Crypto 401(k) Spark & ETH’s $3.9K Surge: What’s Next?

Coinbase intends to incorporate DEX functionality within its app, enabling users to trade a wide range of on-chain assets via Base, its Layer-2 network. By connecting to reputable DEX aggregators like Uniswap and Aerodrome, the app will provide competitive pricing while retaining Coinbase’s user-friendly interface.

This strategy is viewed positively for Coinbase, considerably widening the available asset selection beyond the exchange’s currently listed tokens. It provides faster access to new projects without requiring official listings and positions Coinbase as a hybrid platform, blending the simplicity of a centralized exchange with the versatility of DeFi.

According to Binance data, Ethereum has exceeded $4,000, achieving a 24-hour high of $4,012. For reference, Ethereum’s record high was $4,878 in October 2021.

Capitalizing on the upward momentum, Investor 0xaf6c made a leveraged move. They purchased 1,390 WETH (valued at $5.56M) at $4,000, deposited it into Aave, and then borrowed 52.83 WBTC (valued at $6.17M). They quickly traded the borrowed Bitcoin for 1,539 WETH ($6.17M), increasing their Ethereum stake without selling their original holdings.

This signals confidence in Ethereum’s potential for further growth. Traders are monitoring whether the $4,000 level can turn into support, potentially setting the stage for an advance toward its historical high and potentially a new all-time high.

On August 7, U.S. spot Bitcoin ETFs registered $281 million in net inflows, indicating sustained and increasing institutional and retail interest in Bitcoin. BlackRock’s IBIT led with $157 million, while Fidelity and other issuers also reported positive gains. These inflows reinforce a summer trend where Bitcoin ETFs have absorbed selling pressure and attracted new capital to the market.

As Bitcoin trades approximately 5% below its all-time high of $122,838, analysts suggest ETF inflows may initiate the next upward movement. Historically, significant ETF demand not only raises Bitcoin’s price but also integrates new participants further into the crypto space. This is where Bitcoin Hyper could excel.

HYPER is a Layer-2 network designed for Bitcoin, utilizing the Solana Virtual Machine (SVM) for near-instant transactions, minimal fees, and seamless integration with DeFi, gaming, and tokenized assets, secured by Bitcoin. By integrating Bitcoin into this high-speed platform, HYPER provides Bitcoin holders with meme coin trading, flexible payment options, and advanced dApps, all within Bitcoin’s security framework.

With $7.4 million already obtained in the presale and substantial whale investments, initial demand is strong. The project’s bridge mechanism locks BTC, generates a wrapped version, and deploys it into the ecosystem, which decreases supply while expanding utility.

With increasing ETF inflows and Bitcoin moving closer to new highs, HYPER has the potential to become a key gateway for Bitcoin-focused investors seeking returns, utility, and speed.

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Ethereum has recovered from a recent downturn, rising over 7% in the last 24 hours to trade above $3,900. The surge is fueled by increased accumulation from whales and institutions, with SharpLink Gaming at the forefront. The ETH-focused treasury company purchased 21,959 ETH, valued at approximately $85.5 million, increasing its total holdings to 543,898 ETH, worth around $2.12 billion.

This follows SharpLink’s $200 million stock offering, aimed at further expanding its Ethereum reserves.

South Korea’s leading cryptocurrency exchange, Upbit, has revealed its intention to list Story (IP) with trading pairs against KRW, BTC, and USDT. Story is a Layer 1 blockchain network focused on intellectual property, designed to facilitate the creation, ownership, and monetization of IP assets on-chain.

The listing announcement caused a strong market reaction. IP increased 12% today, bringing its market capitalization to $6.67 billion. Trading activity also surged, with a 789% increase in 24-hour volume to $354 million, reflecting increased investor interest before the listing.

Upbit’s large user base and significant liquidity in Korea may further promote IP adoption and strengthen its position as a key blockchain for the IP sector.

HYPE crypto could be undervalued. With a record-breaking $90M in monthly revenue, a $13.1 billion market cap, and an aggressive buyback strategy, Hyperliquid leads the DeFi perpetual DEX sector.

Hyperliquid distinguishes itself in DeFi through innovation. Coingecko data indicates that HYPE, its governance token, is the most valuable DEX coin, with a market cap more than double that of Uniswap (UNI). Hyperliquid has a current market cap of $13.4 billion, with HYPE trading generating over $244 million in volume in the past 24 hours. While volume varies, interest in the HYPE token suggests that Hyperliquid is closely watched and may emerge as one of the next rapidly growing cryptocurrencies if it maintains its market share.

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