Latest Crypto News and Market Updates – August 8

1. Trump Signs Executive Order Allowing Retirement Funds To Invest In Crypto

Former U.S. President Donald Trump has signed an executive order permitting 401(k) retirement funds to invest in digital assets. U.S. stocks and cryptocurrencies surged in response. Analysts see this as a psychological boost, though actual capital inflows may take more time.

2. Ethereum Surpasses $3,900

ETH is now approaching the $4,000 mark, with the ETH/BTC ratio climbing. While crypto ETFs saw sell-offs earlier this week, FOMO sentiment has returned strongly in the past 48 hours.

3. SEC And Ripple End 4-Year Lawsuit

Ripple has agreed to pay a $125 million fine, a resolution many investors view as a major victory. XRP jumped 11%, nearing its previous all-time high of $3.20.

4. MEMEFI Experiences Extreme Volatility

MEMEFI surged over 500% after news of a delisting, but has since lost half its value. Analysts warn that perpetual contracts (perps) for altcoins are highly susceptible to manipulation.

5. TST Price Trap

TST spiked and then plunged 60% in a short span. Perpetual trading volumes soared, following a familiar pattern: sideways movement → sharp pump → retail FOMO → brutal crash.

6. BASE And ZORA Rally 35%

Speculation from KOLs suggests Coinbase might be behind a new SocialFi platform, driving BASE and ZORA prices up by 35% in one day.

7. Wall Street Steps Into Crypto

On August 13, an IPO will debut for a company led by a former NYSE chairman holding 24,000 BTC. A sharp rise in market cap could trigger another wave of FOMO.

8. Whale Trader Suffers Major Loss

Famous trader @qwatio was liquidated on all ETH short positions, losing everything after turning $3 million into $29 million in unrealized gains over six months.

9. Vitalik Buterin Speaks Out

Ethereum’s co-founder supports the “ETH reserve company” model but warns of excessive leverage risks. Large funds remain active ETH buyers.

10. WLFI Launches Points Program

WLFI has partnered with multiple organizations to launch a USD1 points program, which may be linked to a future airdrop.

11. Market Recap

The U.S. retirement fund news fueled a surge in BTC and ETH trading volume. Whales are battling with leveraged positions, while altcoins see mild gains but lag behind major coins. Market volatility is rising and capital rotation is accelerating — investors should remain flexible.