Ethereum News Today: BlockDAG ADA HYPE ETH Surge on ETF Hype Institutional Inflows Tech Breakthroughs

The cryptocurrency market has seen a surge in momentum across several key projects, with BlockDAG, Cardano (ADA), Hyperliquid (HYPE), and Ethereum (ETH) emerging as standout performers. These assets are gaining traction due to strong fundamentals, strategic developments, and growing investor interest, particularly in the context of ETF anticipation, institutional inflows, and innovative technology.

BlockDAG, a Layer-1 blockchain project using a hybrid model of Directed Acyclic Graph (DAG) and Proof-of-Work, has raised over $376 million through its presale, selling 25.2 billion BDAG tokens at $0.0276 each. The project’s X1 Mobile Miner app has attracted 2.5 million daily users, with over 4,500 developers working on 300+ decentralized apps. Market analysts suggest that if the token is listed at $0.05, early investors could see gains of 81%, while a potential $1 price tag on major exchanges like Coinbase and Gemini could drive massive upside [1].

Cardano (ADA) has shown strong price action, trading near $1.012 with a 18% gain in the last 24 hours and a 35% rise over the past week. Trading volume has hit $3.9 billion daily, and whale activity has surged, with large holders acquiring $157 million in ADA in just two days. The project is also benefiting from a rising likelihood of U.S. spot ETF approval, with analysts estimating an 80% chance following Grayscale’s trust filing. Cardano’s treasury has allocated $71 million for upgrades, adding to the bullish technical setup as ADA breaks out of a descending channel [1].

Hyperliquid (HYPE) has surged to just below its all-time high of $49.84, trading around $48.40–$48.53 with a market cap of $16.2 billion. The project has gained 25–29% in the past week, driven by strong liquidity and a $583 million treasury established through a merger with Sonnet BioTherapeutics. Corporate activity, including a $50 million private deal and a validator partnership with Kinetiq, is boosting security and staking capabilities. With 333 million HYPE in circulation and a steady technical chart, the asset is drawing increased institutional and retail attention [1].

Ethereum (ETH) is currently trading near $4,776, having gained 13% since August 11. U.S. spot Ethereum ETFs have driven $704 million in daily inflows, pushing the token to its highest level in 3.5 years. Analysts, including Standard Chartered and Tom Lee, have forecasted potential price targets of $7,500 and $10,000–$15,000, respectively, if the current rally continues. Technical indicators remain supportive, with ETH holding near $4,720 and showing resistance at $4,870. Institutional investment and legislative clarity through the GENIUS Act are further strengthening the bullish case for Ethereum [1].

These four names are standing out due to a combination of strong price action, institutional support, and strategic developments. BlockDAG’s presale success and potential U.S. exchange listings, ADA’s ETF optimism and whale activity, HYPE’s corporate-backed growth and liquidity, and ETH’s macro support and ETF inflows are creating a compelling narrative for investors. As the market rewards projects with clear catalysts and momentum, these assets are emerging as key players in the current bull cycle [1].

Source: [1] BlockDAG, ADA, HYPE & ETH Price Action: Top Performing Cryptos (https://coinmarketcap.com/community/articles/68a30e8dc5c06c674880b34d/)