Ethereum is considered the alternative to Bitcoin. However, the blockchain created by Vitalik Buterin has much more to offer. Interestingly, Ethereum does not have a limited supply of coins, unlike Bitcoin. Furthermore, the Ethereum blockchain is considered secure and has several unique features. As a cryptocurrency, Ethereum is not quite as volatile as other currencies and also serves as a decentralized store of value.
Don’t miss any more Ethereum news with our news update. Here in our Vitalize Ethereum News Update, you’ll always be up to date whenever there’s fresh news about Ethereum.
Ethereum News Update from 10th August 2025
Ethereum price breaks the $4,000 mark.
Ethereum has surpassed the $4,000 mark. Currently, the cryptocurrency stands at approximately $4,200. As with other cryptocurrencies, the Ethereum price is benefiting from recent political and legal developments. In addition to US President Trump’s decision to allow cryptocurrencies as investments for American 401(k) retirement plans, the SEC has also dropped several lawsuits in favor of cryptocurrencies like Ripple.
A stock market chart with a transparent Ethereum logo. Currently only knows one direction: up—the Ethereum price.
Short liquidations fuel the surge in Ethereum’s price
Ethereum is experiencing a massive upswing: in just a few days, over $110 million in short positions—bets against a falling price—were liquidated. This means many traders bet on dropping prices and were wrong. These liquidations force them to close their positions, which creates additional buying pressure and drives the price even higher. This is a positive sign for Ethereum, as it shows the market is bullish and breaking through resistance levels. It strengthens investor confidence and can attract new investors, since rising prices often trigger further demand—a phenomenon also known on trading exchanges as a “short squeeze” effect.
Ethereum News Update from February 27, 2025
400,000 Ethereum stolen from the Bybit exchange
A massive attack on the Bybit crypto exchange. Hackers managed to steal Ethereum worth several billion US dollars. Potential scenarios that can happen time and again include phishing attacks, vulnerabilities in smart contracts, or social engineering. But don’t let this news discourage you; read here on the Vitalize Blog why there is no need to fear crypto!
In phishing, attackers try to obtain login credentials for crypto exchanges using fake content, such as emails or fake websites. Social engineering attempts to get personal data or confidential information in a similar way through personal interactions (like fraudulent phone calls). Vulnerabilities in smart contracts (intelligent contracts and processes that run on a blockchain) can also be exploited by attackers, as just happened in the Bybit case.
Several Ethereum coins lying on a table against the backdrop of a financial chart. Attackers recently looted up to 400,000 of them on the Bybit crypto exchange. Popular target: Ethereum Coin. Image by Bastian Riccardi from Pixabay.
In the recent Ethereum theft, attackers manipulated external devices of the multisig wallet and created a fake smart contract interface. As a result, fraudulent transactions were signed, and the Ethereum was transferred to an unidentifiable address. How you can securely carry out crypto transactions yourself using your wallet is explained by our crew member Pigto right here in the guide for passwords and wallets.
A multisig wallet is like a safe deposit box that requires multiple keys to be opened at the same time. Since two or more private keys are required, a multisig wallet provides additional security for storing crypto assets. It also safeguards the underlying funds represented by these assets.
