Ethereum News Today: Ethereum surges 19.8 as Buterin regains billionaire status

Vitalik Buterin, co-founder of Ethereum, has regained billionaire status as the cryptocurrency surged nearly 20% in the week leading up to August 11, 2025. With Ethereum (ETH) reaching a price above $4,330, Buterin’s estimated 240,042 ETH holding was valued at around $1.04 billion, according to Arkham Intelligence [2]. This resurgence in ETH’s price has elevated the co-founder’s net worth to approximately $1.045 billion, including other assets, restoring him to the billionaire club after earlier losses earlier in the year [1].

Ethereum’s recent performance has been one of the most striking movements in the crypto market. The 19.8% increase over the past week positioned ETH as the 27th largest asset globally, surpassing traditional companies like Costco and Palantir. The surge was fueled by increased network activity, ongoing Ethereum upgrades, and a broader shift in market sentiment. Ethereum’s market capitalization has now reached $513 billion, just 12.8% below its historical peak [2].

Analysts have noted that the growth is not solely speculative but is supported by Ethereum’s continued development and the expanding use cases within decentralized finance (DeFi). Increased transaction volumes and smart contract activity have reinforced confidence in the network’s utility and long-term viability [3].

Buterin has remained relatively quiet on the price surge, continuing to focus on Ethereum’s development. His return to billionaire status highlights the volatile nature of the crypto market and the resilience of Ethereum as an asset class. It also marks a significant turnaround from earlier in 2025, when Ethereum’s price had fallen below $2,000, temporarily reducing Buterin’s net worth [1].

The current rally has drawn comparisons to earlier crypto market booms, though many in the industry emphasize that the growth is more fundamentally grounded in Ethereum’s technical progress and growing institutional adoption. The recent performance reinforces the cryptocurrency’s position as a major player in the global financial ecosystem and signals renewed optimism for blockchain-based assets [4].

Source: [1]Vitalik Buterin Regains Billionaire Status As Ethereum Hits ... (https://www.mitrade.com/au/insights/news/live-news/article-3-1026773-20250810)

[2]Ethereum News Today: Vitalik Buterin Back in Billionaire ... (https://www.ainvest.com/news/ethereum-news-today-vitalik-buterin-billionaire-club-ethereum-price-surges-20-4-000-2508/)

[3]Ethereum Price, ETH Price, Live Charts, and Marketcap (https://www.coinbase.com/en-nl/price/ethereum)

[4]FX Leaders (@fxleaders) (https://www.instagram.com/fxleaders/?hl=en)