Ethereum Eyes $4,000 as Whales Inject $142M, Signaling Strong Institutional Confidence
Ethereum's price has surged by 5%, recovering from recent losses to trade at $3,639.20, with a 24-hour peak of $3,664.40. This rebound comes after a broader market selloff, with ETH whales accumulating $142 million worth of the asset in a single day—a strong indicator of institutional bullishness. Analysts point to critical support at $3,456 and highlight key resistance levels that need to be breached for ETH to maintain its upward trajectory toward the $4,000 target. The substantial whale activity underscores growing confidence in Ethereum's long-term potential, making it a focal point for investors eyeing the next major price milestone.
Ethereum Price Surges 5% as Whales Accumulate $142M, $4,000 Target in Sight
Ethereum's price rebounded sharply with a 5% gain, erasing recent losses and trading at $3,639.20 after hitting a 24-hour high of $3,664.40. The recovery follows a broader market selloff, with ETH whales injecting $142 million into the asset in a single day—a bullish signal for institutional confidence.
Analysts highlight key support at $3,456 and resistance levels that must break for ETH to sustain momentum. The altcoin's outperformance against Bitcoin suggests renewed investor appetite for risk assets. Market inflows remain robust despite last week's pullback, with experts forecasting a potential test of $4,000 in the near term.
CrediX DeFi Protocol Loses $4.5 Million in Admin Access Attack
Hackers drained $4.5 million from CrediX by compromising administrative access to the protocol's multi-signature wallet system—a growing threat vector for crypto projects in 2025. Unlike typical exploits targeting smart contract vulnerabilities, attackers gained elevated privileges six days before the theft through CrediX's access control system.
Security firm SlowMist revealed the attackers minted fake collateral tokens to borrow legitimate crypto from lending pools. The compromised wallet (ending 'EC662e') held multiple high-level roles including bridge controller and emergency admin. Stolen funds were bridged to ethereum and remain dormant across three wallets, with no attempted off-ramping via exchanges yet detected.
Launched just last month as a Belgium-based real-world asset lending protocol, CrediX now faces critical questions about multisig governance. The incident underscores how protocol admins—not just code—have become prime attack surfaces in decentralized finance.
Linea Launches Native Yield for Bridged ETH to Boost Sustainable DeFi Rewards
Linea's new Native Yield feature transforms bridged ETH into a source of sustainable DeFi rewards by leveraging Ethereum-native staking via Lido v3. This innovation addresses the inefficiencies of short-term incentive cycles in decentralized finance, offering automatic yield generation without additional steps for users.
Capital efficiency takes center stage as staking rewards FLOW back into Linea's ecosystem, funding liquidity programs and amplifying returns. ETH holders gain exposure to dual yields—staking rewards and DeFi incentives—while maintaining Ethereum's security foundations.
The mechanism positions Linea as a potential market leader for ETH capital deployment, combining the reliability of mainnet staking with LAYER 2 scalability. This development marks a strategic shift toward long-term value creation in DeFi, moving beyond transient yield farming models.
Sharplink Acquires $54M in Ethereum, Bolstering Holdings to $1.65B
Sharplink has executed a strategic accumulation of 30,755 ETH worth $54 million between August 1-2, 2025, elevating its total Ethereum position to 480,031 ETH ($1.65 billion). The purchases were conducted through multiple transactions averaging $3,530 per ETH, signaling institutional confidence during a market dip.
Blockchain trackers observed a notable 6,914 ETH ($23.5M) single transaction among the series of buys. The methodical, split-order approach prevented market impact—a hallmark of sophisticated institutional accumulation strategies.
This activity coincides with growing scrutiny of Ethereum's valuation metrics, as large-scale investors appear to be positioning for potential upside. The MOVE follows a broader trend of renewed institutional interest in crypto assets after 2024's regulatory clarity.
