Reported 2 days ago
A group of Asian executives with crypto expertise has come together to establish a trust aimed at accumulating approximately $1 billion in Ethereum. This initiative, led by Huobi founder Li Lin and other notable figures in the industry, is designed to create a regulated investment vehicle amidst Ethereum's current price pressures. With substantial initial funding already secured and growing institutional interest, this trust could potentially stabilize and increase Ethereum's market position despite its recent price struggles.
Source: YAHOO