Last night, Ethereum continued its rise towards the $5,000 barrier, while BNB recorded its highest peak in history at $900. At the same time, Jerome Powell's statements led Bitcoin to catch its breath, while Solana and XRP entered the ETF fund race to heat up the scene.

Ethereum approaches $5,000 and BNB records a historical peak… and the ETF fund race ignites Solana and XRP

Ethereum continued its sharp rise to reach $4,880 on August 22. The Polymarket platform raised its expectations to 88% for the likelihood of ETH surpassing the $5,000 barrier before the end of the year.

This momentum is supported by three main factors: the influx of Ethereum ETF funds, strong institutional entry, and major treasuries ready to pump $27 billion into the market. Notably, ETH's performance has recently surpassed Bitcoin, enhancing confidence in its ability to lead a new wave.

BNB, the cryptocurrency associated with Binance, rose to $900, marking a new record. The impetus came from China Renaissance's announcement of a $100 million investment in partnership with YZi Labs, in addition to a significant increase in the market capitalization of stablecoins on the BNB Chain, reaching $10.5 billion with an approximate 50% increase during the second quarter.

In a notable development, VanEck has submitted an application to launch the first spot ETF for Solana (SOL) backed by the JitoSOL token. The announcement drove the coin to break through the $200 level, as institutions race to expand their offerings towards major alternatives.