Ether Surges: World’s Second Largest Crypto Reaches Near $5,000 Mark
The price of the world’s second-largest cryptocurrency soared to as high as $4,954.81 USD on August 25. In the latest trading, Ether rose nearly 1% to $4,776.46 USD.
Ether’s Movement
In contrast, Bitcoin wiped out all its gains following the Jackson Hole event on August 22, falling to a low of $110,779 USD – the lowest since July 10. Bitcoin is currently down nearly 2% at around $112,000 USD. The “King” crypto’s recent record was $124,496 USD on August 13.
On August 22, the crypto market exploded alongside other risk assets after Fed Chair Jerome Powell hinted at the possibility of an interest rate cut, prompting investors to return to risk-on mode. Ether surged 15% while Bitcoin gained 4%.
Ether Takes the Lead in the Crypto Market
In recent weeks, Ether has overtaken Bitcoin as the “star” of the crypto market, thanks to a favorable regulatory environment, a boom in stablecoin interest, and a wave of buying from companies stockpiling Ether.
On August 23, Bitmine Immersion Technologies, an Ether-focused investment firm chaired by renowned Wall Street bull Tom Lee, purchased $45 million worth of Ether, according to data from Arkham.
This role reversal has helped Ether hold steady above the $4,000 level this month after repeatedly failing to breach this resistance mark since 2021.
“Buyers have finally gained the upper hand over sellers,” said Ben Kurland, CEO of DYOR, a crypto research platform. “Ether ETFs are attracting steady capital inflows, and listed companies are starting to view Ether as a reserve asset for generating profits – this is a much more sustainable demand than speculation from individual investors.”
– 09:40 25/08/2025
The Crypto Exchange: Don’t Let Opportunity Slip Through Your Fingers
“Vietnam possesses the requisite expertise to establish its own cryptocurrency exchange platform. However, to maximize opportunities and gain invaluable insights, it would be prudent to collaborate with established global exchanges, leveraging their existing infrastructure and expertise in the field.”
“Crypto Exchange Insiders: Urgent Call for Collaboration with Hanoi Police”
Recently, Hanoi police busted a group issuing and promoting investment projects in virtual currencies, attracting up to 7.86 million USD from over 3,000 investor accounts.
The Soaring Price of Bitcoin Entices Companies to Join the Fray.
The number of public companies holding bitcoin globally rose from 89 at the beginning of April to 113 by the end of May, with the top holder boasting a staggering 580,000 bitcoins in its reserves.
Uncovering the Heist: $8 Million Stolen from 3,000 Investors by Maxx Group Vietnam
As of 2022, this group has successfully raised approximately $7.86 million, roughly equating to 200 billion VND, from over 3,000 investor accounts, which they have subsequently embezzled in its entirety.
A Vietnamese Stock Exchange-listed Company Bets Big on Digital Assets, Sending its Stock Price Soaring by Threefold Since the Start of the Year
In an increasingly digital world, investing in digital assets has become a global trend, and Vietnam is no exception. With the recent legalization of digital assets in the country, the popularity of this new investment avenue is only expected to grow.
