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Ethereum hits $4,885 for new all-time high price

The previous high was set in November 2021.

8/22/25 4:43PM

Following hints from Fed Chair Jerome Powell that the central bank would likely cut rates in September, ethereum finally rallied to a new record high of $4,885, pushing past its previous record of $4,878 set in 2021.

The second-largest cryptocurrency has been flirting with a new all-time high for weeks as public companies like BitMine scoop up billions of dollars’ worth of tokens and as ethereum spot ETFs see a growing swell of inflows.

Clearer US regulatory policy regarding cryptocurrency has also boosted the token. President Donald Trump signed the GENIUS Act into law in July bringing regulations for stablecoin issuance, a move expected to boost the ethereum ecosystem, which has the largest supply of stablecoins among all blockchain networks.

Year to date, ethereum has jumped over 40%, outpacing its older sibling bitcoin, which has risen roughly 24% this year. The market capitalization of ethereum, at over $587 billion, is now larger than streaming giant Netflix ($512 billion) and payments heavyweight Mastercard ($540 billion).

“Ethereum is approaching a potential breakout moment past its previous all-time high, driven by a convergence of bullish catalysts,” according to Le Shi, managing director at crypto trading firm Auros. Shi pointed to a number of macro conditions, including anticipated Fed rate cuts, record-high S&P 500 levels, bitcoin’s own rally, and the GENIUS Act’s impact on accelerating traditional finance’s adoption of ethereum.

“One of the market’s hottest themes is the rise of crypto treasury companies. Following Strategy’s lead in bitcoin, attention has shifted to ethereum-focused treasuries such as BitMine Immersion Technologies, SharpLink, and Bit Digital, which are rapidly gaining mindshare among both crypto-native and TradFi participants,” Shi told Sherwood News.

The deployable capital held by ethereum treasury firms like BitMine, SharpLink Gaming, and Bit Digital “represent a significant potential driver of ethereum market activity,” Shi added.

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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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$82B

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Crypto money laundering activity totaled more than $82 billion in 2025, more than 8x higher than 2020’s figure of $10 billion, according to a Tuesday report published by crypto analytics firm Chainalysis. Chinese-language networks dominated the ecosystem, accounting for roughly 20% of the illicit activity, or $16.1 billion, last year:

“Compared to other laundering endpoints, since 2020, inflows to identified CMLNs [Chinese-langugage money laundering networks] grew 7,325 times faster than those to centralized exchanges, 1,810 times faster than those to decentralized finance (DeFi), and 2,190 times faster than intra-illicit on-chain flows.”

Tom Keatinge, director at the Centre for Finance & Security at security think tank Royal United Services Institute, told Chainalysis that the rapid development of Chinese-language networks is an “an unforeseen consequence” of China’s imposition of capital controls.

“Wealthy individuals seeking to move money out of China and evade these controls provide the impetus and liquidity pool needed to service organized crime groups based in the West,” he noted.

Keatinge told Chainalysis, “The professional enablers of this capital flight provide the services necessary to match these two independent yet mutually beneficial needs.”

Chinese-language networks offer six primary money movement techniques to clean dirty money, which include recruiting individuals to rent out their financial identities, selling illicit cryptocurrency at a discounted rate, and obscuring fund origins through multiple transactions.

Overall, this Chinese ecosystem processed nearly $44 million per day last year.

Ethereum hits $4,885 for new all-time high price

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