Ethereum News Today: Institutional Titans Bet Big on Ethereum’s Future, Cold Wallet’s Cashback Model Disrupts Crypto Finance

Ethereum's bullish momentum has intensified, with institutional investors and corporate treasuries increasingly positioning the second-largest cryptocurrency for long-term growth. Tom Lee, co-founder of Fundstrat and chairman of Bitmine Immersion Technologies Inc (NYSE: BMNR), has led one of the most aggressive Ethereum accumulation campaigns in history. Bitmine's treasury now holds 1.174 million ETH, valued at $5.26 billion, making it the third-largest public Ethereum treasury globally. This strategic move has drawn significant attention from Wall Street, with BMNR shares surging over 725% year-to-date. Lee's approach underscores a belief in Ethereum’s utility as a programmable platform with staking, smart contracts, and scalability advantages over Bitcoin's "digital gold" narrative.

The Ethereum price has also attracted high-stakes bets from whale investors. One such whale recently opened a $16.35 million long position on ETH using 25x leverage, signaling strong confidence in the asset’s potential to rebound from recent dips. This move coincides with favorable technical indicators, including a short liquidation cluster at $4,300–$4,360 and a bullish falling wedge pattern on the daily chart. If Ethereum breaks above this range, it could target a 13% price increase to $4,750. On the weekly chart, the asset is retesting key support levels that were previously major resistance, with some analysts projecting a potential move toward $8,000 if the pattern holds.

Sui (SUI), a Layer 1 blockchain leveraging the Move programming language, continues to show resilience despite short-term volatility. As of late July, the token trades at $3.56, with a market cap of $12.50 billion and a fully diluted valuation of $35.59 billion. Sui has demonstrated strong performance in 2025, surging over 300% year-to-date, outpacing the Layer 1 category average of approximately 105%. Institutional interest in Sui is growing, with Swiss digital asset bank Sygnum expanding its offerings to include custody, trading, and lending products for institutional clients. Amina Bank recently became the first regulated bank to offer SUI trading, further validating the token’s institutional appeal.

While Ethereum and Sui gain traction, Cold Wallet, a self-custodial wallet project, is emerging as a significant player in the broader crypto ecosystem. Its presale has raised $6.21 million, with Stage 17 pricing at $0.00998 per CWT token. Cold Wallet’s tokenomics model rewards users with cashback in CWT for on-platform activities such as gas fees, token swaps, and on/off-ramp transactions. With a projected listing price of $0.3517, early presale buyers could potentially see a 50x return on investment. The project has also secured a $270 million acquisition of Plus Wallet, bringing an existing user base of 2 million into its ecosystem. This strategic move positions Cold Wallet as a strong contender in the self-custodial wallet space.

The broader Ethereum ecosystem is also seeing developments that could boost demand. The recent launch of Ethereum spot ETFs has drawn significant inflows, with $2.85 billion in weekly inflows in late August—far outpacing Bitcoin’s $548 million. Institutional adoption, combined with Ethereum’s unique value proposition, is creating a compelling narrative for long-term holders. As corporate treasuries continue to accumulate ETH, the supply dynamics are shifting, potentially supporting a stronger floor for the asset in the future.

Source: [1] Tom Lee's $5 Billion Ethereum Bet Puts Bitcoin Maximalists ... (https://finance.yahoo.com/news/tom-lees-5-billion-ethereum-114604680.html) [2] Ethereum whale opens $16.3M long as ETH price eyes bounce (https://cointelegraph.com/news/ethereum-whale-opens-16-3m-long-as-eth-price-eyes-bounce) [3] Ethereum's Big Backers Unleash Billions to Push Into Wall Street (https://finance.yahoo.com/news/ethereum-big-backers-unleash-billions-130704758.html) [4] SUI Price, SUI Price, Live Charts, and Marketcap (https://www.coinbase.com/price/sui) [5] Cold Wallet's $6.2M Presale Surge Outpaces Arbitrum and ... (https://coincentral.com/cold-wallets-6-2m-presale-surge-outpaces-arbitrum-and-cardano-for-2025s-best-long-term-picks/) [6] Lockdown Security & 50x ROI: Cold Wallet's $376M ... (https://coincentral.com/lockdown-security-50x-roi-cold-wallets-376m-presale-headlines-over-eths-bullish-run-pis-rally-potential/) [7] Cold Wallet, Mog Coin, Fartboy, And Brett: 2025's Strong ... (https://blockchainreporter.net/cold-wallets-6-21m-presale-mog-coin-fartboy-brett-momentum-2025s-top-presale-cryptos-to-watch/)