February 28 News, Ethereum, with a market capitalization of approximately $246 billion, has received another major endorsement. Jeff Housenbold, President and CEO of Beast Industries, stated in an interview that the company is a strong supporter of Ethereum and called it the “pillar” of the stablecoin ecosystem.
Housenbold emphasized that decentralized finance is transforming traditional financial services by providing lending, trading, and cross-border transfer functions through blockchain technology, offering consumers lower costs, higher efficiency, and greater accessibility. He believes that DeFi infrastructure built on the Ethereum ecosystem will play a central role in the future financial system.
Beast Industries was founded by well-known creator MrBeast (real name Jimmy Donaldson) and has a large global fan base. The company’s business includes consumer goods, e-commerce, and entertainment content. Earlier this month, the company completed the acquisition of fintech firm Step and plans to launch a series of financial products to further expand digital assets and payment scenarios.
In January this year, Ethereum asset management firm Bitmine, chaired by Tom Lee, invested $200 million in Beast Industries, deepening cooperation in the digital asset field. Meanwhile, the company has applied for the “MrBeast Financial” trademark in the United States, hinting at future products related to crypto finance and blockchain payments.
Analysts point out that as Ethereum’s stablecoin ecosystem continues to expand and the integration of creator economy and fintech accelerates, entertainment brands entering crypto asset management and DeFi applications may become a new trend in the blockchain industry by 2026.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Bitcoin ETF inflow strength rebounds: over $500 million poured in in a single day, hitting a 3-week high
U.S. Spot Bitcoin ETF Funds Rebound, Attracting Over $500 Million on Wednesday, the Best Performance in Nearly 3 Weeks, Indicating a Revival of Investors' Extreme Pessimism.
According to SoSoValue data, all 12 Bitcoin spot ETFs in the U.S. recorded a net inflow of $506.5 million on Wednesday, with BlackRock's IBIT net inflow of $297.4 million, and other six funds including Fidelity and Grayscale also recorded net inflows.
Kronos Research Chief Investment Officer Vincent
区块客24m ago
ETH Price Replays Classic Master Pattern as Ethereum Moves to Solve Its Biggest Problem
ETH price replays classic master pattern, pointing to price surge.
Expert expects ETH price to reclaim ATH prices and break past $5,100.
Ethereum is also moving to solve its biggest problem in under 4 years.
The crypto
CryptoNewsLand34m ago
Data: If ETH breaks through $1,947, the total liquidation strength of long positions on mainstream CEXs will reach $787 million.
ChainCatcher reports that, according to Coinglass data, if ETH breaks above $1,947, the total liquidation strength of long positions on major CEXs will reach $787 million. Conversely, if ETH drops below $1,765, the total liquidation strength of short positions on major CEXs will reach $376 million.
GateNews1h ago
Data: The total maximum long positions for BTC and ETH have a loss of over $13 million, with no reduction in holdings yet.
According to HyperInsight's monitoring, due to market downturns, the floating losses of major long whales in BTC and ETH have increased, totaling over $13 million. Among them, the BTC long position of "pension-usdt.eth" has a floating loss of $3.17 million, while the ETH long position of "ETH波段大师" has a floating loss of approximately $9.6 million.
GateNews1h ago
Ju.com 20% Discount New ETH Launch Concludes, Episode 9 SOL Starts at 16:00 on March 1
ChainCatcher reports that Ju.com’s 8th ETH New Year event has concluded, with 11,000 participants and approximately $42 million in funds, oversubscribed by 540%. The 9th SOL special session will launch on March 1, offering an 20% discount for participants, along with additional rewards and lottery chances.
GateNews2h ago
Bitmine buys the dip again! Tom Lee is optimistic about Ethereum with "three major bullish factors" supporting it
Bitmine Immersion Technologies increased its holdings by 51,162 ETH last week, bringing the total to 4.42 million ETH, valued at approximately $8.7 billion, making it the publicly traded company with the largest ETH holdings. Despite market difficulties, Chairman Tom Lee believes the fundamentals of ETH are strong and points out three major positive factors. 68.7% of the company's ETH has been staked, which is expected to generate significant passive income.
区块客2h ago
