Huobi Founder Li Lin Launches $1 Billion Ether Trust Initiative

Huobi founder Li Lin has initiated a groundbreaking initiative: a $1 billion Ethereum trust project aimed at establishing a regulated treasury for the cryptocurrency. This ambitious venture is attracting influential figures in Asia’s crypto space, with notable investors such as Shen Bo of Fenbushi Capital and Xiao Feng of HashKey Group joining the effort. 🤯 The project signifies a growing wave of institutional interest in Ethereum, potentially impacting market liquidity and shaping the future dynamics of the Ethereum ecosystem.