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
A certain whale withdrew 1,979 ETH from a certain CEX 1 hour ago, worth 4.16 million USD.
Gate News: On March 22, according to Onchain Lens monitoring, a whale withdrew 1979 ETH from a certain CEX 1 hour ago, valued at $4.16 million. Over the past month, the whale has cumulatively withdrawn 8662 ETH through the exchange, with a total value of $18.23 million.
GateNews4m ago
Resolv Attacker Spent 200,000 USDC to Mint 80 Million USR, Already Purchased 9,111 ETH
Onchain Lens detected that the Resolv attacker spent 200,000 USDC to mint 80 million USR and has already used it to purchase 9,111 ETH. The attacker is still converting USR to other cryptocurrencies and may continue to accumulate ETH.
GateNews5m ago
Attacker has bought in 4.55 million dollars of ETH
Gate News Report: On March 22, on-chain analyst Ai Auntie posted an analysis on X platform regarding the Resolve attacker's operations: 1. Minted 50 million USR tokens using 100,000 USDC; 2. Converted 35 million USR to wstUSR; 3. Continuously exchanged wstUSR for USDC and USDT; 4. Used USDT to purchase
GateNews34m ago
CFTC clarifies cryptocurrency margin rules: BTC and ETH capital deduction rate of 20%, permitting investment in the derivatives market
The U.S. Commodity Futures Trading Commission (CFTC) recently released an FAQ clarifying the rules for using cryptocurrencies as margin in derivatives markets, specifically setting capital deduction rates of 20% for Bitcoin and Ethereum and 2% for stablecoins. The pilot program will be limited to three coin types in the first three months, after which it will expand to additional cryptocurrencies and relax reporting requirements. Qualifying crypto assets may be used as margin, marking a gradual acceptance of blockchain assets within the U.S. financial system.
動區BlockTempo53m ago
Brother Maji Huang Licheng Opens 25x Leverage ETH Long Position Again, Holding 2200 Coins Worth $4.62 Million
Gate News: On March 22, Hyperbot data shows that the decline in the cryptocurrency market this morning led to the liquidation of all of Big Brother Machi Huang Lixuan's Ethereum long positions. One hour ago, Huang Lixuan opened a new Ethereum long position with 25x leverage, currently holding 2,200 ETH, valued at approximately $4.62 million, with an entry price of $2,091 and a liquidation price of $2,061.
GateNews1h ago
Major CEX and DEX funding rates fully turned negative, BTC down 1.93%, ETH down 2.18%
On March 22, Bitcoin reported $69,275.33, down 1.93% in 24 hours; Ethereum reported $2,103.95, down 2.18%. The market is broadly bearish, with shorts dominating. Funding rates are universally negative, indicating that shorts need to pay fees to longs.
GateNews1h ago
