Binance Market Update: August 23, 2025

Ethereum (ETH) just shattered its previous high—soaring past $4,867, a record not seen since November 2021. Institutional demand is roaring back with $287.6 million in ETF inflows and nearly $30 billion held by corporate treasuries.

On-chain activity is also booming: Ethereum’s network activity has surged 63% over 30 days, and futures open interest sits at $69 billion, signaling intense leveraged demand.

The broader crypto market is rallying too. Global capitalization has surged above $4 trillion, with coins like SOL, XRP, DOGE, and PENGU leading double-digit gains.