Coinbase Sees Bitcoin Resilience at $116K Amid Regulatory Tailwinds and ETF Outflows

Bitcoin has shown remarkable stability, maintaining its position above $116,000 despite a slight daily dip of 0.34%. This resilience comes amid mixed market signals, including significant regulatory developments and ETF outflows. A pivotal moment for the cryptocurrency market was marked by President Trump's executive order, which now permits the inclusion of cryptocurrencies in 401(k) retirement plans. This move has the potential to unlock a staggering $9 trillion in retirement funds for digital assets, providing a substantial boost to the market. However, this positive regulatory development is juxtaposed with notable outflows from Bitcoin ETFs, including a $99.1 million withdrawal from Fidelity's Bitcoin fund. The interplay of these factors creates a complex landscape for Bitcoin and other digital assets, with Coinbase likely to play a central role in facilitating access to these emerging investment opportunities. As of August 10, 2025, the cryptocurrency market continues to navigate these conflicting forces, with Bitcoin's price action serving as a key indicator of broader market sentiment.

Bitcoin Price Holds Above $116K Despite ETF Outflows as BTC Technical Analysis Shows Mixed Signals

Bitcoin demonstrates resilience at $116,345.99 despite a 0.34% daily dip, navigating conflicting market forces. President Trump's executive order allowing cryptocurrencies in 401(k) plans marks a watershed moment, potentially unlocking $9 trillion in retirement funds for digital assets. This regulatory tailwind collides with significant ETF outflows, including $99.1 million from Fidelity's Bitcoin ETF alone, contributing to a four-day $1.3 billion withdrawal streak.

Technical indicators suggest a consolidation phase, with BTC's RSI at a neutral 52.69 and key support holding at $111,920. The JPMorgan-Coinbase partnership adds institutional credibility, while broader macroeconomic concerns—including U.S. tariff threats and hawkish Fed signals—create headwinds. Market participants watch for whether retirement fund inflows can offset ETF redemptions in this high-stakes equilibrium.

Ethereum Surpasses $4,000 Amid Institutional Momentum

Ethereum breached the $4,000 threshold for the first time in eight months, signaling a resurgence fueled by institutional demand and ETF inflows. The 4% daily gain outpaced Bitcoin's muted performance, highlighting shifting capital flows in crypto markets.

Nearly $9.3 billion has flooded into ethereum ETFs since launch, while corporate balance sheets now hold 966,000 ETH worth $3.5 billion. Despite the rally, ETH remains 18% below its 2021 peak of $4,878.

The divergence between Ethereum's surge and Bitcoin's stagnation reflects deepening institutional participation. Friday's $73 million ETF inflows for ETH contrasted sharply with Bitcoin's simultaneous outflows, underscoring changing investor preferences.

Aerodrome (AERO) Price Targets $1.25 After Bullish Channel Breakout Attempt

Aerodrome Finance (AERO) has surged past the $1 mark, recording a double-digit price jump as it becomes the focal point of the Base network's DeFi landscape. The rally follows Coinbase's integration of decentralized exchange trading on Base, directly exposing millions of users to AERO's ecosystem.

Trading volume spiked 400% in 24 hours, reflecting retail and institutional interest. With liquidity deepening, AERO's technical breakout suggests a near-term target of $1.25—a test of whether the momentum can hold through weekend trading.

AERO Price Surges 43% in a Week on Coinbase DEX Boost

Aerodrome Finance (AERO) has emerged as a standout performer in the DeFi market, posting a 23.31% gain in the past 24 hours and a 43.43% rally over the past week. The token now trades at $1.08, with its market capitalization reaching $954.32 million amid a 294.4% surge in trading volume to $265.93 million.

The momentum follows Coinbase's August 8 integration of decentralized trading via Base Network, where Aerodrome processes most DEX transactions. Technical indicators show AERO breaking through the $0.92 resistance level to test $1.12, a price point not seen in months. Bollinger Bands signal aggressive bullish momentum, while the RSI at 70.84 suggests potential short-term overbought conditions.

Coinbase Introduces Controversial USDC Conversion Fee, Sparking Crypto Community Backlash

Coinbase, a leading U.S. cryptocurrency exchange, faces significant criticism after announcing a 0.10% fee on high-volume USDC-to-USD conversions exceeding $5 million in a 30-day period. The policy, set to take effect August 13, 2025, targets institutional players but raises concerns about broader fee expansion.

The platform describes the MOVE as an experimental test of USDC off-ramping economics, while critics decry it as antithetical to crypto's decentralized ethos. Social media reactions highlight growing discontent among users who view the change as traditional banking behavior encroaching on digital asset spaces.

Coinbase's $2B Convertible Raise, Core Scientific's Acquisition Dispute, and Block's Bitcoin Accumulation

Coinbase is tapping the market for $2 billion in convertible notes, earmarked for corporate purposes and potential acquisitions. The move follows a 25% revenue decline in Q2, with analysts at Compass Point downgrading COIN to Sell, citing competition from decentralized exchanges and ETFs.

Core Scientific faces shareholder resistance to its proposed $9 billion all-stock sale to CoreWeave. Two Seas Capital, holding a 6.3% stake, deems the valuation "inadequate"—a rare public clash in the rapidly consolidating crypto infrastructure sector.

Block Inc. continues its bitcoin accumulation strategy, adding 108 BTC last quarter. The Jack Dorsey-led company now holds 8,692 BTC worth ~$1 billion, with unrealized gains exceeding 273%—a bullish bet contrasting with Coinbase's institutional focus.