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Ethereum briefly touches $4,000

Meanwhile, a new entrant to the ethereum treasury firm, Fundamental Global Inc., is offering $5 billion of securities with a goal “to acquire and grow our overall ETH position.”

Sage D. Young

8/8/25 11:56AM

ethereum briefly surpassed $4,000 on Friday, a critical resistance level last seen in December.

As a result of the token’s price increasing more than 9% in the last 24 hours, roughly $93 million of ethereum short positions were liquidated, according to data from crypto derivative data analysis platform CoinGlass.

The price action of ethereum comes hot off the heels of ethereum treasury company Fundamental Global Inc. filing an S-3 registration statement with the US Securities and Exchange Commission on Thursday that states the company may sell $5 billion worth of securities. Shares of Fundamental Global have plummeted over 46% on the day.

The prospectus does not announce that Fundamental Global will directly use the proceeds to purchase ethereum, but the document does say the firm intends to accumulate the token as a long-term treasury asset.

“Our goal is to acquire and grow our overall ETH position and utilize professional treasury strategies to significantly increase our ETH per common share,” the filing states. “Our treasury strategy will be focused on increasing the amount of ETH through a combination of capital raising activities and Treasury activities including staking, restaking, liquid staking and other decentralized finance activities.”

On Tuesday, Fundamental Global announced closing a $200 million private placement to accelerate its ethereum acquisition strategy. “This capital positions us to execute our ETH treasury strategy at scale with a target of 10% stake in the Ethereum Network,” the firm’s CEO and chairman, Kyle Cerminara, said.

In other ethereum news:

SharpLink Gaming, a prominent ethereum treasury company, announced entering into a securities purchase agreement for $200 million. A Thursday press release stated that net proceeds of the offering will be allocated to the firm’s ethereum treasury.
After starting the week with the largest daily outflow ever, at $465 million, US spot ethereum ETFs recorded three consecutive days of inflows, with Thursday seeing $222 million of inflows. However, inflows for the week are still negative, per SoSoValue.
Uniswap, a popular decentralized exchange that has a total locked value of $5.7 billion, recorded an all-time high in yearly swaps. This year, the protocol has seen 719.9 million swaps, more than last year’s total of 670.7 million, a Dune Analytics dashboard created by Uniswap Labs shows.

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Sage D. Young1/28/26

Ripple launches treasury platform to manage cash and cryptocurrencies

Ripple, the firm closely tied to the fifth-largest cryptocurrency, XRP, introduced a new treasury platform for digital asset and traditional cash management for users like financial officers, treasurers, and accountants.

Ripple’s move comes more than three months after it acquired treasury software provider GTreasury for $1 billion, one of several steps to grow the firm’s position in corporate finance.

Combining Ripple’s blockchain rails and GTreasury’s software, the new platform’s goal is to simplify treasury operations. It eliminates settlement delays with payment times of three to five seconds and optimizes yield from working capital 24/7 through tokenized money market funds such as BlackRock’s BUIDL and overnight secure repo markets with RLUSD, according to a Tuesday blog post.

Ripple Treasury also aims to provide “real-time cash positions, automated forecasting, and seamless reporting across traditional cash, digital assets, RLUSD, and XRP holdings,” the blog post stated.

Last year, Ripple filed its national banking license application with the US Office of the Comptroller of the Currency, while the firm’s subsidiary Standard Custody & Trust Company applied for a Federal Reserve master account, which would allow Ripple to hold RLUSD reserves directly with the Fed.

XRP has seen $2.4 billion in trading volume in the last 24 hours, increasing 1.8% in the period. The token’s all-time high was set in July 2025 at $3.65. Meanwhile, spot XRP ETFs had nearly $9.2 million worth of inflows on Tuesday, bringing cumulative inflows to $1.4 billion.

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