Ether rockets above $4,000
Ether (Ethereum, ETH) surged past the psychologically key $4,000 level on Friday, marking its first such breach since December 2024. The coin climbed approximately 4% in a single day, reflecting renewed investor optimism and robust participation from ETH-centric treasury entities.
The recent rally is being fueled by significant accumulation of ETH by institutional and corporate treasuries. This renewed demand points to growing confidence in Ethereum’s long-term fundamentals and ecosystem potential.
Market analysts are turning bullish. One analyst colorfully warned that the next upward move will “melt faces”, conveying expectations of a strong continuation in Ethereum’s rally — though this was more rhetorical hype than technical insight.
According to CoinCentral, Ethereum’s rise to $4,000 stems from a combination of increased on-chain activity, a broader altcoin rally, and favorable market conditions — all contributing to stronger momentum.
In summary, Ethereum’s breakout above $4,000 reflects a potent mix of technical strength, institutional accumulation, and bullish sentiment. Observers are now watching for whether this push will sustain momentum or inspire even greater gains in the near term.
Source: Zycrypto
Harvard invests $116M into BlackRock Bitcoin ETF
Harvard University’s endowment fund, managed by Harvard Management Company and valued at approximately $53.2 billion, has made a noteworthy move into digital assets. According to a recent SEC filing (Form 13‑F) covering holdings as of June 30, 2025, Harvard disclosed owning about 1.9 million shares of BlackRock’s iShares Bitcoin Trust (IBIT) — a spot Bitcoin exchange‑traded fund. This stake is valued at over $116 million, making it the fund’s fifth‑largest investment, behind global giants such as Microsoft, Amazon, Booking Holdings, and Meta.
This strategic allocation underscores a growing acceptance of regulated cryptocurrency exposure within institutional portfolios. By choosing a Bitcoin ETF over direct ownership, Harvard avoids the operational and security complexities of managing private keys and custodial arrangements. Instead, IBIT provides a highly liquid, SEC‑approved vehicle that fits neatly into the governance and compliance framework expected of large endowments.
Since its SEC approval in January 2024, IBIT has grown into one of the largest spot Bitcoin ETFs, amassing over $86 billion in net assets. Harvard’s participation positions the university among the top 30 institutional holders of IBIT, specifically as the 29th‑largest among roughly 1,300 entities.
Harvard joins other prestigious institutions in this trend: for example, Brown University also reported a holding of $13 million in IBIT as of the same filing period. Earlier, Emory University entered the space by acquiring shares in Grayscale’s Bitcoin Mini Trust (over $15 million) back in 2024.
This move illustrates how Bitcoin is increasingly recognized not merely as speculation but as a meaningful portfolio diversifier. The institutional adoption of ETFs like IBIT is driving a broader shift in how large, risk‑aware investors approach digital assets. Amid regulatory clarity and expanding market infrastructure, Bitcoin is emerging as a mainstream asset class in high‑caliber investment strategies
Source: Cointelegraph
Chainlink surges as new on-chain reserve sparks investor optimism
Chainlink (LINK) experienced one of its strongest sessions in weeks on August 8, 2025, when its price surged 9%, climbing past $18.10 and settling near $19.66.
This bullish breakout was driven by two main catalysts: optimistic macro sentiment, stemming from a hint about potential U.S. tariff relief for tech imports and the strategic launch of Chainlink’s on‑chain LINK reserve.
The Chainlink Reserve collects LINK using both on‑chain service fees and off‑chain enterprise payments, facilitated by Chainlink’s enhanced Payment Abstraction system. These funds are then converted into LINK and locked on‑chain, with no short‑term withdrawal plans. Already, the reserve holds over $1 million worth of LINK, signaling rapid adoption and tightening supply.
From a technical perspective, LINK had been consolidating above the $16 support level for over a week. The breakout cleared multiple moving averages (20‑day SMA at ~$17.02, plus shorter SMAs), indicating a shift into recovery mode. The Relative Strength Index (RSI) at 64.15 suggests there’s still room for further upside.
Analysts pinpoint $20 as the immediate resistance level, with a potential rally reaching $21.50, June’s local high, if bullish conditions persist. On the broader front, public commentary and technical studies suggest even more ambitious targets may be achievable. For instance, some forecasts project LINK could climb toward $30 or beyond if breakout momentum sustains. One bold analysis predicts a long‑term upside reaching as high as $88, based on chart patterns, increased open interest, and a surge in user activity.
Furthermore, intensely increased market participation is evident in both retail and institutional channels, as reflected by climbing open interest, rising wallet activity, and higher network engagement.
In summary, Chainlink’s recent performance demonstrates a blend of strategic on-chain innovation and bullish technical positioning. The new LINK reserve introduces a structural catalyst by reducing circulating supply and strengthening long-term demand. If this momentum holds, Chainlink may not only challenge near-term resistance levels but could also embark on a sustained upward trajectory.
Source: Blocknews