Ethereum Hits $4,879 All-Time High as SharpLink Gaming Drives $3.5B ETH Treasury Accumulation

Ethereum Breaks $4,879 All-Time High After Fed Rate Cut Signals, Record ETF Inflows and Treasury Accumulation Drive Historic Rally

Ethereum hit a new all-time high of $4,879 on Friday, surpassing its previous record from November 2021. The rally comes after weeks of accelerating ETF inflows, surging ETH treasury adoption, and improving U.S. regulatory clarity. ETH has doubled in price over the past two months, outpacing Bitcoin as institutional investors pour into spot ETFs, which logged over $1 billion in inflows in a single day last week. Federal Reserve Chair Jerome Powell’s dovish comments on potential rate cuts provided the final push, sparking an immediate 8% surge in ETH. Treasury firms such as BitMine Immersion and SharpLink Gaming have amassed billions in ETH holdings, fueling demand similar to Bitcoin’s earlier corporate adoption cycle. Analysts point to Ethereum’s dominance in DeFi liquidity, its role in tokenization and stablecoin projects, and favorable regulation under the Trump administration—including staking clarity and the GENIUS Act stablecoin framework—as key drivers of the rally.

VanEck Files for First Spot Solana ETF Backed by JitoSOL Liquid-Staking Token After SEC Clears Path for LST Products

VanEck has filed with the SEC to launch a JitoSOL exchange-traded fund, the first proposed spot Solana ETF fully backed by a liquid-staking token. JitoSOL represents staked Solana, giving investors exposure to staking yields while maintaining liquidity. The filing follows recent SEC rulings clarifying that staking and liquid staking are not securities transactions, opening the door for LST-based ETFs. The Jito Foundation called the submission a milestone, noting it sets the precedent for ETFs composed entirely of LSTs. This comes shortly after REX-Osprey integrated staking rewards into its Solana ETF through JitoSOL. Meanwhile, Solana continues to showcase its technological edge, recently processing over 100,000 transactions per second in a test run, surpassing Visa’s throughput.

Ether Breaks $4,350 on Fed Rate Cut Signals, ETFs Add 2.27M ETH in Six Weeks as Institutional Demand Triggers Structural Supply Shock

Ether surged past the $4,350 resistance after Fed Chair Jerome Powell signaled a potential September rate cut, triggering a sharp rally across risk assets. ETH immediately jumped 7% on Powell’s remarks, breaking a key level and confirming a bullish structure supported by an inverse head-and-shoulders pattern. The move pushed ETH into the $4,550–$4,650 supply zone, with potential upside toward $4,800. Institutional demand remains a major driver, as spot ETH ETFs saw record inflows of $5.43 billion in July and $2.45 billion in August, lifting ETF holdings to 6.42 million ETH. Combined with strategic treasuries, large custodians now hold 10.52 million ETH. Whale activity has also expanded, with 200 new addresses holding over 10,000 ETH since July. Analysts view the ETF-driven accumulation as a structural demand shock that tightens liquidity, supports higher prices, and compresses volatility.

SharpLink Gaming Approves $1.5B Stock Buyback Tied to $3.14B Ether Treasury, Eyes Boost to ETH-Per-Share Metric

SharpLink Gaming, which holds one of the largest Ether treasuries, has authorized a $1.5 billion stock buyback program. The firm will repurchase shares only if they trade at or below the net asset value of its 740,800 ETH holdings, currently worth $3.14 billion. Co-CEO Joseph Chalom said the strategy would enhance the ETH-per-share metric by reducing share count. SharpLink has fully embraced Ethereum as its treasury reserve asset, with co-founder Joseph Lubin serving as chairman. Despite its aggressive ETH accumulation, SharpLink remains second to BitMine, which holds 1.5 million ETH valued at $6.47 billion. SharpLink’s ETH position is up nearly $600 million in unrealized gains following recent price appreciation.