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Ethereum Price Surges To $4,830 With Trading Volume Spiking 93%
Crypto Trends

Ethereum Price Surges to $4,830 with Trading Volume Spiking 93%

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Ethereum (ETH) is knocking on the door of the $5000 milestone after a powerful surge saw its price climb to $4,830. The impressive rally, which gained momentum on Friday, has the cryptocurrency community buzzing with anticipation for a potential new all-time high over the weekend.

The latest data confirms a staggering 14.2% gain in the last 24 hours alone, but the most telling sign of the current frenzy is a massive 93% explosion in trading volume, which has surged to nearly $70 billion.

The latest data confirms a staggering 14.2% gain in the last 24 hours alone, but the most telling sign of the current frenzy is a massive 93% explosion in trading volume, which has surged to nearly $70 billion.

The upward momentum appears to be fueled by a confluence of positive market sentiment and growing institutional interest. A key catalyst was the dovish stance from U.S. Federal Reserve Chair Jerome Powell, which has bolstered investor confidence across the broader financial markets, including cryptocurrencies.

Institutional Moves and On-Chain Catalysts

The recent surge in the market didn’t just happen by chance. Whales and corporate investors have been quietly stacking up on ETH, even while BlackRock, Fidelity, and Grayscale ETFs were offloading their shares. 

Buyers have taken in $148 million worth of Ethereum, which has helped maintain the upward momentum. In addition, DBS Bank tokenized $1 billion in notes directly on the Ethereum network. 

This makes it the first time a major Asian bank deployed regulated products on ETH’s blockchain. As a result, Ethereum’s role as financial infrastructure keeps strengthening.

Additionally, the Pectra upgrade is still attracting validators. Improved staking efficiency has become another magnet for institutional demand. The upgrade’s momentum, with whale activity, has provided a solid foundation for Ethereum’s rapid climb.

Will ETH Soar to $5000 Over the Weekend?

Technical indicators are also flashing bullish signals for Ethereum. Short-term technical analysis reveals a strong buying sentiment, with daily and weekly charts indicating continued upward potential.

The dramatic increase in market activity and the intense buying pressure and conviction behind the current move, adding significant weight to the possibility that ETH could conquer the $5,000 level this weekend.

A technical analysis of the recent price action further bolsters the bullish case. An Elliott Wave chart pattern, a popular tool for tracking market cycles, suggests that Ethereum is currently in its fifth and final upward wave of the present cycle. 

This analysis projects a potential target well beyond $5,000, with some traders eyeing a move towards the $6,000 level in the near future. The Relative Strength Index (RSI), a momentum indicator, is currently at 66.75, indicating strong momentum without being in immediate overbought territory, leaving room for further upside.

Analysts Outline Ethereum’s Cycle Blueprint

Crypto analyst Merlijn The Trader explained on X that Ethereum’s price cycle has followed a clear pattern. He wrote: “2017: Range. Expansion. Mania 2020: Range. Expansion. Mania 2025: The same structure is complete. The next move? Not sideways. Not down. But up into the most explosive phase $ETH has ever seen.”

Moreover, analyst Javon Marks pointed out that Ethereum has broken through a critical resistance. “After a nearly +300% increase from our original analysis at ~$1,215 and plenty of patience, prices of $ETH has met and broken our $4,811.71 target and is now above it!” He added that ETH could climb another 75% toward $8,557.68 if momentum holds.

Hence, analysts view Ethereum’s current setup as a continuation of its decade-long rhythm of sharp rises, corrections, and explosive recoveries.

Institutional investors have recently been procuring large amounts of Ethereum while major banks continue to adopt it. Also, there have been some interesting underlying historical trends, with the majority of crypto analysts eyeing higher highs.

Ethereum is moving at full speed, and the market is reacting to it. The global crypto market cap has jumped to $4.02 trillion, a 5.29% daily rise. Trading activity also exploded, with $224.85 billion exchanged in 24 hours, a 46.18% surge.

Also Read: Trump’s World Liberty Scoops Up $5M in Ethereum at $4,670





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Sources - Commanders trading Brian Robinson to 49ers for pick
Esports

Sources – Commanders trading Brian Robinson to 49ers for pick

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  • John KeimAug 22, 2025, 12:45 PM ET

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      John Keim covers the Washington Commanders for ESPN. He joined ESPN in 2013 after a stint with the Washington Post. He started covering the team in 1994 for the Journal Newspapers and later for the Washington Examiner. He has authored/co-authored four books. You can also listen to him on ‘The John Keim Report’, which airs on ESPN Richmond radio.

ASHBURN, Va. — The Washington Commanders are trading running back Brian Robinson to the San Francisco 49ers for a 2026 sixth-round pick, sources told ESPN’s Adam Schefter.

Robinson did not play in Washington’s preseason game Monday vs. Cincinnati, signaling the end of his relationship with the franchise. The Commanders had planned to release him if they could not find a trade partner.

Washington had been shopping Robinson since earlier this month, in part because of the depth coaches say the team has at running back.

The Commanders will save $3.3 million in salary cap space thanks to this move.

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In adding Robinson, the 49ers add much-needed depth at a position that has been hit hard by injury.

San Francisco has been without rookie Jordan James for most of camp, placed Patrick Taylor Jr. on injured reserve with a shoulder injury and just got backup Isaac Guerendo back from a shoulder injury of his own.

Starter Christian McCaffrey has made it through camp without issue but Robinson should provide a power element the Niners backfield otherwise lacks.

Commanders coach Dan Quinn and offensive coordinator Kliff Kingsbury boasted of their improved depth at running back this summer, signaling the potential for parting ways with Robinson.

Their intentions became clear when Robinson did not play in — nor did he attend — Monday’s preseason game vs. Cincinnati.

Washington could end up using a running back by committee approach. The Commanders top two backs Monday were Chris Rodriguez and rookie Jacory Croskey-Merritt. Both managed long runs vs. the Bengals vs. the starting defense — Rodriguez gained 40 yards on one run; Croskey-Merritt scored from 27 yards out to cap the second series. They combined for 17 carries and 108 yards.

The Commanders also have veteran third-down back Austin Ekeler and Jeremy McNichols. “Going into training camp, we really thought this was a deep room,” Quinn said Monday night. “There would be real competition. We knew this was one of our strengths going into training camp.”

Robinson’s journey in the NFL started with a difficult situation. The third-round pick in the 2022 draft was shot on Aug. 28, 2022, in an attempted robbery in Washington, D.C. Despite undergoing surgery on his knee because of the shooting, he returned to play 12 games and rushed for 797 yards and two touchdowns.

Robinson has rushed for 2,329 yards in 41 games with Washington since being drafted by the organization. He rushed for a career-high 799 yards and eight touchdowns last season.

He has averaged 4.1 yards per carry in his career, which ranks 40th among running backs since he entered the league. He ranked 29th in yards after first contact and his percentage of 10-yard runs (9.8) ranked 86th. But he was 17th in rushing yards per game (56.8).

Information from ESPN’s Nick Wagoner was used in this report.



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Turkish Crypto Trading App Midas Raises $80M In Latest Push
GameFi Guides

Turkish Crypto Trading App Midas Raises $80M in Latest Push

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Midas, Turkey’s leading investment and crypto trading platform, has raised $80 million in its Series B funding round. This is the largest investment ever for a Turkish fintech company, with the firm’s total funding now exceeding $140 million.

According to the announcement, the funding round was led by QED Investors and included new backers like the International Finance Corporation (IFC), HSG, QuantumLight, Spice Expeditions LP, and George Rzepecki. Existing investors such as Spark Capital, Portage Ventures, Bek Ventures, and Nigel Morris also participated.

Founded in 2020, Midas gained popularity during COVID lockdowns and later when inflation in Turkey pushed people toward investing in stocks. The app now serves 3.5 million investors, offering access to U.S. stocks, mutual funds, and cryptocurrencies, as well as stocks listed on Borsa Istanbul.

This funding round brings Midas close to unicorn status. Can Gemici, the company’s head of strategy, said it will probably become a unicorn in the next funding round.

Midas’ Expansion Plans

Midas intends to use the fresh capital to extend its product offerings, which include derivatives, warrants, European stocks, and corporate accounts.

The platform is also expanding its offerings for more experienced investors, including margin investing, advanced analytics, and derivatives trading. Starting in September, U.S. options trading will be available with free real-time data and competitive pricing. 

At the same time, Midas is strengthening its security and infrastructure to ensure a safe and reliable investing experience.

Also Read: Ethereum Dev Freed After 24-Hour Detention in Turkey





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Sbi Holdings To Launch On-Chain Tokenized Stock Trading Platform
Crypto Trends

SBI Holdings to launch on-chain Tokenized Stock trading platform

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Japanese financial giant SBI Holdings is entering the tokenized stock market through a new partnership with Singapore-based blockchain company Startale Group. With this partnership, they plan to create an on-chain trading platform for tokenized stocks and real-world assets (RWAs).

As per the official announcement, the platform will combine SBI’s financial network with Startale’s blockchain technology, which will fill critical market gaps left by traditional tokenized stock services.

What will Platform offer?

The traditional stock markets close on evenings and weekends, but the platform will allow people to trade U.S. and Japanese stocks 24/7. The platform will further provide fractional ownership, allowing investors to purchase a fraction of a stock rather than a whole one, in addition to quick settlement of trades and institutional-grade security. 

The new platform will also integrate with DeFi, thus enabling investors to employ tokenized stocks in various financial apps and services.

SBI Holdings oversees over $74 billion in assets and has over 65 million customers across the globe. The company views asset tokenization as the future of global finance. It also thinks this trend would one day make entire capital markets, including stock exchanges themselves, digitalized.

Future Plans

This move positions SBI among the firms such as Robinhood, Kraken, Gemini, and Bybit, which have recently broadened tokenized stock offerings. Specialists estimate that the market of tokenized assets will be worth $18.9 trillion in 2033, and SBI and Startale intend to create infrastructure to assist in this prospect.

Yoshitaka Kitao, CEO of SBI Holdings, said that the tokenization of real-world assets is transforming global markets. He also predicts, “This movement will eventually lead to the digitalization of capital markets themselves, including exchanges. By capturing this trend and by leveraging our corporate ecosystem together with Startale’s blockchain technology, we have great expectations for creating a new decentralized platform.”

For this, SBI and Startale will form two joint venture companies—one to handle the technology development, and another to manage brand growth and business expansion.

Funding for the project will be released step by step based on progress milestones, ensuring careful growth toward commercial launch. The companies said more details, including the launch date, will be announced as development continues.

Also Read: Japan Prepares to Approve First Yen-Backed Stablecoins This Fall





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Kanye West’s Yzy Meme Coin Boosts Meteora Dex Trading Volume To $1.18B
GameFi Guides

Kanye West’s YZY Meme Coin Boosts Meteora DEX Trading Volume to $1.18B

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The Solana-based decentralized exchange (DEX) Meteora has become a trending crypto trading platform in the past 24 hours with it seeing a drastic surge in daily trading volume . The climb was supported by the trend linked to Kanye West’s YZY token which set a buzz within the crypto community. 

During the YZY trend, Meteora handled over $1.183 billion in trading volume. Raydium, the long leading Solana DEX, trailed behind during the same period with less than $1 billion in trading volume in the last 24 hours—as per DeFillama data.

Fees and Market Impact

With the notable spike in trading volume, Meteora also collected over $16 million in fees in 24 hours. That figure was second only to Tether, placing Meteora ahead of other major platforms across the wider crypto market.

The YZY token has been central to the attention with its launch bringing a surge of traders, sending record liquidity through Meteora. Some say meme tokens create quick surges while others argue the event shows Solana’s ability to attract new demand and keep users engaged.

Competition among Solana-based DEXs

Raydium’s fall from the top spot is significant as the exchange has been the backbone of Solana trading for years. Its drop shows how quickly traders shift when new tokens or incentives appear.

The bigger picture is rising competition. Solana DEXs are battling for liquidity, and tokens often decide where traders move. Also, we can see the rivalry growing as more platforms fight for users and fees.

Meteora’s trading volume rise shows the influence of meme tokens in DeFi. On Solana, hype can move liquidity almost overnight. For investors and developers, the question is whether the momentum lasts or fades once the YZY hype cools. As of press time, YZY token price has declined over 70% in the last 24 hours.  

Also Read: CFTC Launches Second Crypto Sprint to Implement Trump Plan



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GameFi Guides

Nvidia, Tesla Stocks on Tron: xStocks Expand After Hitting Trading Milestone

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In brief

  • xStocks, a feature which allows users to traded tokenized versions of companies like Nvidia, Apple, and Meta, is expanding to Tron.
  • The tokenized stocks are backed 1:1 with real shares in the underlying companies.
  • xStocks so far have generated more than $500 million in on-chain trading volume.

Tokenized versions of Tesla, Nvidia, Apple, and other major stocks are now available for trading on the Tron network thanks to a collaboration between the Tron DAO, Kraken, and Backed—the firm behind xStocks, which offers global investors access to tokenized equities. 

The feature’s expansion comes shortly after xStocks eclipsed more than $500 million in on-chain trading volume to date, according to data from its official Dune dashboard. 

“Expanding xStocks to Tron, a network that settles over $20 billion daily, will significantly boost brand visibility and adoption,” Kraken Global Head of Consumer Mark Greenberg told Decrypt. “More importantly, it brings us closer to a fully permissionless, borderless, and interoperable market where anyone can trade tokenized equities around the clock.”



Backed’s xStocks feature allows users to gain exposure to American equities via on-chain tokens that are 1:1 backed with actual shares in each respective company. Previously available to users on Solana and BNB Chain, and offered via centralized exchanges like Kraken, these tokens will now be available via TRC-20 tokens on Tron. 

“This collaboration highlights how Tron’s decentralized network can bring tokenized equities into a more open, transparent, and accessible environment,” said Tron founder Justin Sun, in a statement. 

“Tokenized equities represent a natural evolution for crypto, bridging traditional markets with blockchain,” he added. “As demand for popular equities meets a global base of previously excluded users, we’ll see a more efficient, flexible, and accessible market.”

To date, the network is arguably best known for its substantial stablecoin usage, which has grown by about $23 billion in the last year according to data from DefiLlama. The network holds $82.8 billion in stablecoins—primarily Tether’s USDT—trailing only Ethereum, which maintains $143 billion in stablecoins at the time of writing.

xStocks have generated more than $2.9 billion in volume between centralized exchanges and their decentralized counterparts, though the split falls heavily in favor of centralized exchanges which have accounted for more than 95% of the volume according to the official xStocks Dune dashboard. Over $500 million of that trading has taken place on-chain, per the dashboard.

The tokenized equities currently account for around $46.4 million in assets under management, more than 20% of which can be attributed to tokenized shares in Elon Musk’s Tesla (TSLA). 

As for bigger goals, Backed is focused on continuing to expand its xStocks product offering.

“Our priority is expanding the xStocks Alliance—bringing more partners, blockchains, and applications onboard as we deliver the gold standard in tokenized equities offerings,” Greenberg said. “That’s where the real growth happens.”

More features, chain integrations, and new offerings are expected in the coming weeks, he added. 

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Kraken Expands Xstocks To Tron, Boosting Access And Defi Trading
GameFi Guides

Kraken Expands xStocks to Tron, Boosting Access and DeFi Trading

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Tokenized stocks are racing into the spotlight, and Kraken is moving fast to stay ahead. On Wednesday, the exchange announced it is expanding its xStocks product onto the Tron blockchain. Through a partnership with TRON DAO and tokenization startup Backed, Kraken is now rolling out tokenized versions of popular equities like Apple, Nvidia, and Tesla across three major blockchains in less than two months.

Unlike conventional shares, these tokenized assets function as debt instruments for compliance, meaning holders cannot exercise governance rights. However, investors still gain fractional ownership, 24/7 trading, and DeFi integration.

Growing Multi-Chain Support

Kraken co-CEO Arjun Sethi highlighted the rapid expansion, saying, “Expanding xStocks to three blockchains in under 60 days shows what’s possible when you design for openness from the start.” 

The platform already links with Solana’s Kamino, Raydium, and Jupiter, as well as BNB Chain’s PancakeSwap and Venus Protocol. By deploying TRC-20 tokens on Tron, Backed ensures full 1:1 asset backing while allowing deposits and withdrawals directly within the Tron ecosystem.

“Tokenized equities represent a natural evolution for crypto, bridging traditional markets with blockchain,” added Justin Sun, founder of Tron, emphasising the wider picture. He said that greater accessibility for users globally could allow for efficiency and inclusivity for investors who were previously excluded.

Tron Sentiment and Market Impact

In the meantime, Tron’s network has seen an increase in profitability for its holders. Recent insights from CryptoQuant reveal that one-week holders have enjoyed a 3.8% rise. As per the chart, one-month holders have gained 10.3%, and three-month holders are leading with 31.2% profit. 

Notably, with $6.6 billion locked up, Coinbase’s Base network recently overtook Tron in the DeFi rankings, showing extreme competition on several ecosystems. “Base is doing a great job promoting native lending and borrowing protocols,” a spokesperson for DeFi lender Morpho, the biggest DeFi protocol on Base with over $2.5 billion in deposits, said.

Tokenized equities are changing access to financial markets. Kraken’s move into Tron indicates rising interest in blockchain-based stocks and hints at a closer relationship between crypto and traditional assets.

Also Read: TRM Labs Launches Beacon Network with Top Exchanges Onboard



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Radiant Capital hacker doubles $53M stash via ETH trading
Crypto Trends

Radiant Capital hacker doubles $53M stash via ETH trading

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The hacker behind last year’s $53 million Radiant Capital exploit has nearly doubled the value of the stolen funds through a well-timed Ethereum trading strategy.

Summary

  • The Radiant Capital hacker increased stolen funds from $53M to $94M through ETH and DAI trading.
  • The October 2024 attack exploited Radiant’s multisig wallet using macOS malware.
  • Attribution points to North Korea-linked AppleJeus, with little chance of recovery.

According to on-chain analyst EmberCN’s Aug. 19 X post, the hacker had earlier sold 9,631 Ethereum (ETH) at an average of $4,562 for 43.9 million Dai (DAI), only to buy back 2,109.5 ETH for $8.64 million DAI once prices pulled back to $4,096.

The wallet now holds 14,436 ETH and 35.29 million DAI, a portfolio worth $94.63 million. This represents a gain of more than $41 million over the initial value of the stolen funds. Blockchain analytics firm Lookonchain noted that the decision to keep most of the assets in ETH during its rally played a major role in the increased balance.

啊，好家伙，这 Radiant Capital 黑客竟然玩起波段来了😂：
他不是在一周前以 $4,562 的均价卖出了 9,631 枚 ETH 换成 4393.7 万 DAI 嘛。
这几天 ETH 回调了，他在过去 1 小时里又用 $864 万 DAI 以 $4,096 的价格重新买回了 2109.5 枚 ETH…

现在 Radiant Capital 黑客持有 14,436 枚 ETH+3529 万… https://t.co/hO4MbNPrjd pic.twitter.com/ihLYhpmNAV

— 余烬 (@EmberCN) August 20, 2025

From $53 million heist to $94 million stash

The October 2024 breach of Radiant Capital, a multi-chain decentralized finance protocol, was one of the most damaging attacks of the year. By compromising the multisignature wallet of its core team through a macOS-specific malware called INLETDRIFT, the attacker siphoned tokens from lending pools on Arbitrum (ARB) and BNB (BNB) Chain. 

At the time, the stolen assets were quickly converted into 21,957 ETH, then valued at about $53 million when Ethereum was trading near $2,500. Rather than liquidating the holdings, the hacker held ETH as its price climbed. In recent weeks, the attacker executed several trades to increase exposure. 

Radiant Capital hack attribution and ongoing risks

The attack has been linked by some blockchain security experts to North Korea’s AppleJeus group, known for targeting exchanges and DeFi protocols. Radiant Capital worked with the FBI, Chainalysis, and Web3 security firms like SEAL911 and ZeroShadow after the hack, but recovery prospects remain slim as the funds continue to move through Ethereum-based trading activity.

The October incident marked the second breach of Radiant in 2024, following a smaller $4.5 million flash loan exploit earlier that year. It underscored persistent security risks in DeFi, which has already seen significant losses in 2025.

With over $94 million now under control, the attacker’s next move will be closely watched by analysts and security teams.





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