Bitcoin and Ethereum achieved record highs in August 2025, with Bitcoin reaching $124,000 and Ethereum surpassing $4,900. This surge was fueled by strong institutional demand, ETF inflows, and increased corporate adoption. Despite a late-month pullback, Bitcoin closed at $108,000 and Ethereum at $4,300, maintaining a bullish market structure supported by over $10 billion in stablecoin inflows. The rise of Digital Asset Treasury (DAT) companies, which are diversifying beyond Bitcoin and Ethereum, underscores the growing integration of traditional finance with the crypto industry. However, some DATs saw a decline in market net asset value multiples, suggesting a potential market consolidation phase. As the Federal Reserve considers an interest rate cut, crypto assets are expected to continue their momentum as risk assets.