Chuck Johnson

Coinbase has announced its plan to activate AQAv2 on USDC as the treasury deployer, with Circle serving as the technical deployer responsible for CCTP and native cross-chain infrastructure. Both Coinbase and Circle have committed to stake HYPE to activate AQAv2. As part of this transition, Native Markets has agreed to terms granting Coinbase the right to purchase the USDH brand assets. With Coinbase, in its role as treasury deployer, sharing the vast majority of reserve yield revenue with the protocol, USDC will become the most aligned stablecoin on Hyperliquid. As a result, canonical outcome (HIP-4) markets will use USDC as the quote asset in a future network upgrade. User and builder feedback has been consistent that fragmentation leads to degraded experience; now, the community no longer needs to choose between liquidity and protocol alignment. The pioneering work of Native Markets in launching USDH as the first production-scale stablecoin sharing yield directly with a protocol in a purely onchain implementation made AQAv2 possible. The learnings and mechanics pioneered by USDH will live on in AQAv2. The Hyper Foundation will give grants to eligible HIP-3 deployers, HIP-1 deployers, and builders who integrated USDH, supporting teams through migration over the next months. These grants reflect an ongoing commitment to teams who choose to build on Hyperliquid and align with the protocol. USDH markets are fully functional but will sunset over time. USDH remains fully backed, with feeless conversions to USDC and fiat available to users during this transition.

I've said this before but the best thing about today's price action if you had some patience are alts. They ride on Bitcoin's momentum but usually lag the initial move. But soon Bitcoin will prove if it's doing more than a bear market retracement while alts are STILL at generational lows. So you waited for the confirmation but still haven't missed anything. While others have likely bought all the way down (the flip side of waiting for no confirmation) and have a higher entry than you. With Bitcoin it's different. If you don't wait for some signs of evidence some might have bought at $90k, others might have bought at $80k and others that have been lucky might have bought at $60k. So it's 50/50 whether you have been better of than most of we TRULY have already bottomed. But with alts it's a near guarantee if Bitcoin bottomed already that you have a better entry right now than 99% out there. It remains a near guarantee however that it'll be pretty selectively this time around.

Hey look another coin that was down 98% from the highs after 6 years of drawdown that was "dead"...until it wasn't. $ZEC will make new all time highs soon after over 6 years of bleeding and many more alts (with sound fundamentals) will follow. You can even see that with ZEC we actually made a "lower low" with the third test of the range lows and despite this we are now nearly back at range highs, up 3,257% off of those lows. This is why I have repeated that while .18 is a significant level on the $CRV chart- IT DOES NOT matter for spot holders if it is breached- it just invalidates the "triple tap" technical setup- not the investment thesis as a whole. With that said, I still think there is a decent chance .18 will not be breached and that the bottom is already in. We will know soon enough and either way range highs are on the horizon imo.

Generational wealth right in front of us again? - Golden opportunity 2022 - Golden opportunity 2026

Ethereum is slightly more difficult to pinpoint a local bottom as structure is less clean as that of Bitcoin right now. But there's a lot of confluence with BTC's next price action. I don't see Bitcoin V-shape recovering just yet but current recovery wave can extent up to ~ $80k. This will extent to Ethereum recovery up to ~ $3k and most likely ranging between here and there. Yet until there's any sign of higher highs and higher lows on structure again, a true bottom is not confirmed and those blue areas AFTER the current recovery wave are still realistic.