Ethereum broke through $4900 in the early hours of today, setting a new historical high | Binance Early News (August 25)

● Ethereum broke through $4900 early this morning, setting a new historical high.
According to Binance market data, ETH broke through $4,900 early this morning, reaching a high of $4956.78, setting a new historical record.
● Du Jun: Chinese institutions are starting to follow the MicroStrategy model, with one institution's ETH treasury reaching a scale of 300,000 coins.
According to PANews, Du Jun, co-founder of ABCDE, stated on platform X that Chinese institutions have been slow to respond to the MicroStrategy model, but have quickly caught up. Currently, there are 3 ETH and 2 SOL projects inviting their participation, one of which has a starting scale of 300,000 coins for ETH DAT.
● Metaplanet upgraded from small-cap to mid-cap, advancing to the FTSE Japan Index and the global index.
According to Cointelegraph, Metaplanet was upgraded from small-cap to mid-cap in the FTSE Russell semi-annual review in September 2025 and was included in the FTSE Japan Index. The company performed strongly in the second quarter, driving its inclusion in the globally recognized stock market index.
The addition of Metaplanet will direct capital towards Bitcoin and provide passive investors with indirect exposure. Metaplanet has outperformed Japanese blue-chip stocks with a year-to-date return of approximately 187%, while TOPIX 30 has only returned 7.2%. The company holds 18,888 BTC, making it the seventh largest publicly traded BTC holder.
● Analysis: Powell turns dovish at the Jackson Hole meeting, Trump's political pressure becomes apparent.
According to Jinshi Data reports, the Guojin Macro Research Report points out that Powell's dovish turn at the Jackson Hole meeting came without warning, contrary to his statements at the July FOMC press conference. He has completely reversed his views on the labor market and has begun to worry about the downside risks to employment. This shift may prove that Trump's political pressure on the Fed has paid off.
Despite the Federal Reserve maintaining its expectation of two rate cuts in 2025, this dovish signal has strengthened the possibility of a 25 basis point rate cut in September and consecutive cuts within the year. The side effects of a relatively loose monetary policy cannot be ignored, as it may become more difficult for the U.S. to control inflation dynamics in the future, and the accelerated economy after a rate cut may face a higher inflation center. This year is more "stagnant," and next year is more "inflated."
● Willy Woo: The slow increase of Bitcoin in this cycle is due to the selling pressure from ancient whales, and the market needs to digest the ten-thousandfold profit chips.
According to BlockBeats, on August 25, crypto analyst Willy Woo tweeted, "Why is Bitcoin rising so slowly in this cycle? The supply of Bitcoin is mainly concentrated in the hands of ancient whales, who reached their peak holdings around 2011. At that time, the price of Bitcoin was around $10 or lower. Now, for every BTC they sell, the market needs over $110,000 in new funds to absorb it."
The differences in cost basis, the amount they hold, and the speed at which they sell have a profound impact on how much additional capital is needed to drive up the price. This can be seen as the growing pains that Bitcoin is experiencing, until these investors, who have already reaped 10,000 times their investment, are fully absorbed by the market.
● 1confirmation Founder: ETH institutional holdings structure is healthier than BTC.
According to ChainCatcher, Nick Tomaino, founder of the crypto venture capital firm 1confirmation, stated that the problem with the Strategy is that Michael Saylor holds 10% of the company's equity but controls 45% of the voting power. The company holds 3.3% of the total Bitcoin supply, and Saylor frequently appears in the media as a "Bitcoin spokesperson". In contrast, Tom Lee's ownership stake is lower, and companies like SBET, ETHZ, and GAME are promoting the development of Ethereum, with no one monopolizing Ethereum holdings. This is the reason why Wall Street and the public support ETH.
● Billionaire Peter Thiel is betting that Ethereum will become the preferred blockchain for RWA on Wall Street.
According to PANews, billionaire investor Peter Thiel is betting that Ethereum will become the preferred platform for RWA on Wall Street. His investment firm Founders Fund has made significant investments in Ethereum-related assets and has invested in several companies that use Ethereum as a reserve asset, including ETHZilla and Bitmine. Thiel's investment logic is that if Ethereum can become an alternative channel for processing assets like dollars and stocks, its native token will benefit from increased network activity. Nansen analyst Nicolai Søndergaard pointed out that this sounds more like a marketing pitch to attract purchases of Ethereum concept stocks.
● Wang Feng: Bitcoin may have entered the US stock and economic cycle.
According to ChainCatcher, Wang Feng, the founder of Blueport Interactive, tweeted: "I personally believe that Bitcoin has detached itself from the impact of its halving cycle and has entered the cycles of US stocks and the overall economy. Currently, Ethereum and the crypto wave behind it also have an increasing possibility of showing a similar trend, but further observation is still needed." #ETH创历史新高#