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
SEC report disclosure: In the Gary Gensler era, crypto cases “did not bring benefits to investors”
The U.S. Securities and Exchange Commission (SEC) acknowledged in its FY 2025 enforcement report that crypto registration cases under the leadership of the former chair did not effectively protect investors. The current chair, Paul Atkins, emphasized that the focus will be on fraud and market manipulation that directly affect investors’ interests, and has already withdrawn enforcement actions against several crypto companies, which is expected to improve the compliance environment for crypto businesses. This indicates that the SEC is re-evaluating its regulatory strategy, with an emphasis on market health and investor protection.
GateNews6m ago
Huang Licheng recently added to his position by buying 300 ETH long contracts, and placed a take-profit sell order in the $2260–$2300 range.
Gate News message: On April 8, according to monitoring by Hyperinsight, Huang Licheng (nickname “Maji”) recently added to a leveraged ETH long position by 25x, about 300 ETH, bringing the total position size to $25.16 million. They also placed sell orders in the $2,260 to $2,300 range, planning to partially take profit of about $1.8 million of the position. During this round of the upswing, this address has accumulated profits of $1.5 million, with account funds increasing to $2.57 million; the current ETH liquidation price for their holdings is $2,066.
GateNews1h ago
Biconomy and the Ethereum Foundation jointly launch the ERC-8211 standard, introducing a smart batch processing mechanism
Biconomy and the Ethereum Foundation launch the ERC-8211 smart batch processing standard to address static limitations in smart contract execution, support dynamic parameter adjustments, and enhance the execution capabilities of AI agents and complex DeFi workflows.
GateNews2h ago
Jiang Zhuoer shorted ETH at 2,242 dollars, saying the bear market cycle has not finished yet
Gate News message, April 8, Leavitt Mining Pool BTC.TOP founder and CEO Jiang Zhuoer posted that he went short ETH at $2242; this is a mid-to-short-term operation, just like the last time he went long at $1850 and closed it out at $2144. Jiang Zhuoer said that the bear market cycle hasn’t finished yet, and event-driven bounces are opportunities to go short as well; there’s also a small chance that he will start another round again.
GateNews2h ago
ETH Gains on BTC—Altcoin Season Index Vaults Higher as Crypto Frenzy Escalates
Following Jan. 30, 2025, blockchaincenter.net’s Altcoin Season Index reveals a 28.26% leap, vaulting from a low of 46 to its present tally of 59—a numerical crescendo hinting that the fabled ‘ Altcoin Season’ inches toward fruition. Across social media platforms like X, crypto-focused commentators n
Coinpedia3h ago
Ethereum stablecoin supply hits $180B all-time high: Token Terminal
The onchain value of stablecoins on the Ethereum network has reached an all-time high of $180 billion, according to blockchain analytics firm Token Terminal.
Ethereum holds 60% of the market share in stablecoins, which have seen a 150% increase in onchain value over the past three years, the firm r
Cointelegraph3h ago
