Ethereum soars to new high 🚀

Finally! Ethereum eked out a new record price on Friday following a recent surge fueled by treasury buys, ETF demand, and regulatory shifts.

Author

Andrew Hayward
August 23, 2025

Together with

📝 What you need to know

It finally happened: Ethereum set a new all-time high of $4,879 on Friday, surpassing its long-standing record from November 2021. ETH surged following Federal Reserve Chair Jerome Powell’s comments that hinted at a looming interest rate cut, and then continued climbing throughout the day before claiming a fresh peak.

The long-awaited move comes after a couple of wild months for Ethereum, with the asset’s price more than doubling since this time in June. The spike has been driven by the rise of treasury companies like BitMine and SharpLink Gaming gobbling up billions in ETH, growing demand for Ethereum ETFs, and a more favorable regulatory landscape fueling optimism for the future.

"It’s finally ETH’s moment to shine,” Brian Huang, co-founder of on-chain automation platform Glider, told Decrypt. "Jerome Powell’s dovish speech [Friday] hinting at rate cuts was the final push ETH needed."

Ethereum Hits All-Time High Price After Nearly 4 Years

Ethereum set a new all-time high, breaking its previous 2021 record after Jerome Powell signaled the Fed would cut interest rates.

Is Bitcoin's 4-Year Cycle Over? Why BTC May Finally Break the Trend

Bitcoin historically moves in four-year cycles—but some experts believe it could be different this time. Here's why.

Public Keys: Ethereum Treasuries Soar, Bitcoin ETFs' $1 Billion Bleed, Crypto IPO Chatter

Ethereum treasuries soar on dovish Fed signals, Bitcoin ETFs lose $1B, and Figure Technologies files for its IPO.

The Creators of an Ethereum Gaming Network Just Sued Elon Musk's xAI

The company behind Ethereum network Xai claims confusion about the brands and controversies like Grok’s recent MechaHitler meltdown have inflicted immense harm on their brand.

📊 Myriad Market of the Day

FED’s interest rates: Change or No Change?

Trade "FED’s interest rates: Change or No Change?" on Myriad

From our partner

Solana finally unlocked for cross-chain swaps.

1inch connects Solana with 12+ EVM networks. That means you get secure swaps, bridge-free, at the best rates.

😂 Meme of the Day

🥇 Be First to Market With Myriad

Join the Myriad Markets Telegram to see the latest prediction markets the second they drop!

With Myriad, the on-chain prediction market launched by Decrypt’s parent company DASTAN, you can break the news and stake the news, using USDC and points.

🕵🏻‍♀️ Editor’s Picks

Adele, Future and Michael Jackson Instagram Accounts Hijacked for Crypto Scam

Celebrity social media accounts were hacked yet again Thursday to promote an apparent pump-and-dump Solana meme coin scheme.

AI Just Helped Make Old Cells Young Again

OpenAI and Retro Biosciences used a custom AI model to redesign stem cell proteins, boosting efficiency and hinting at new longevity therapies.

Crypto Gaming Handheld Shipments Hit With 'Excessive' Import Duties

Buyers of the SuiPlay0X1 gaming handheld are being slapped with unexpected import duties, some as high as nearly $350 per device.

📚 Watch and Learn

📹️ WATCH: Luca Netz Talks Playbook for Pudgy Penguins, $Pengu in Bull Market, Abstract TGE, and more

Igloo Inc. CEO Luca Netz discussed how Pudgy Penguins aims to grow its brand and business and increase its access to capital amid the bull market in 2025. He touched upon several trends in Web3, including crypto treasury firms, tokenized stocks and the resurgence in sports and other big-brand partnerships.

🎓️ LEARN: What Are Coin Mixers and How Do They Work?

Coin mixers like Tornado Cash have faced sanctions for aiding money laundering, but advocates argue they have legitimate use cases.

Interested in partnering with Decrypt? Find out more here.