Key Notes
- Former Huobi chief Li Lin companions with early Ethereum backers from Fenbushi, HashKey, and Meitu to create regulated Ether automobile.
- The belief has already secured $700 million in commitments and explores utilizing a Nasdaq-listed shell firm for construction.
- ETH consolidates beneath its 50-day transferring common at $3,875, although institutional demand might assist long-term worth appreciation towards $7,000.
A gaggle of Asian executives with deep roots in crypto is organising a brand new belief to build up Ethereum
ETH
$3 961
24h volatility:
0.7%
Market cap:
$478.13 B
Vol. 24h:
$36.10 B
, with plans to boost round $1 billion. The trouble comes as ETH faces worth strain, buying and selling at $3,875 beneath its 50-day exponential transferring common.
According to Bloomberg, Li Lin, who based the Huobi alternate and now chairs Avenir Capital, is driving the undertaking. He has teamed with Shen Bo of Fenbushi Capital, Xiao Feng from HashKey Group, and Meitu founder Cai Wensheng.
Notably, these figures had been among the many first in China to again Ethereum after its 2015 launch. The belief has secured $200 million from Avenir and $500 million from traders like HongShan Capital, with talks underway to make use of a Nasdaq-listed shell firm to assist construction the belief.
Colin Wu shared particulars on X, noting the collaboration goals to construct a regulated automobile for Ether publicity. This aligns with broader tendencies the place early crypto gamers shift to institutional merchandise offshore.
In keeping with Bloomberg, Huobi founder Li Lin is collaborating with Shen Bo (co-founder of Fenbushi Capital), Xiao Feng (CEO of HashKey Group), and Meitu founder Cai Wensheng, amongst different early Asian Ethereum supporters, to ascertain a brand new digital asset belief aiming to build up…
— Wu Blockchain (@WuBlockchain) October 17, 2025
Li constructed Huobi right into a prime alternate earlier than promoting it in 2021 amid China’s crypto ban. Shen funded early blockchain ventures, whereas Xiao’s HashKey holds a Hong Kong virtual-asset license. Cai has backed a number of crypto tasks alongside working Meitu.
Ethereum (ETH) Worth Evaluation Amid $1B Ether Belief
Lengthy-term, this might raise Ethereum’s worth by drawing extra institutional cash, tightening provide, and lowering volatility, based mostly on patterns seen with Bitcoin
BTC
$110 579
24h volatility:
1.3%
Market cap:
$2.20 T
Vol. 24h:
$61.08 B
ETFs. Current Ethereum ETF inflows stay strong regardless of the dip, according to Coinspeaker’s coverage on October 16, 2025.
Ethereum’s Q3 2025 rally outperformed Bitcoin, as detailed by Coinspeaker earlier this month. Furthermore, analysts eye $7,000 for Ethereum in 2025.
But, Ether dipped beneath $3,800 on October 17 regardless of Bloomberg’s report on Li Lin’s belief plans. As of this writing, ETH is buying and selling at $3,875, consolidating beneath the 1D50EMA development indicator for eight days, suggesting Ethereum might be getting into bear market territory from a purely technical evaluation perspective.
Ethereum (ETH) each day (1D) worth chart, as of October 17, 2025 | Supply: TradingView
Rising institutional curiosity and $1 billion demand expectations for long-term maintain might change this outlook, though the second-largest cryptocurrency by market cap has vital challenges forward.
Disclaimer: Coinspeaker is dedicated to offering unbiased and clear reporting. This text goals to ship correct and well timed data however shouldn’t be taken as monetary or funding recommendation. Since market situations can change quickly, we encourage you to confirm data by yourself and seek the advice of with an expert earlier than making any selections based mostly on this content material.
Vini Barbosa has coated the crypto business professionally since 2020, summing as much as over 10,000 hours of analysis, writing, and enhancing associated content material for media retailers and key business gamers. Vini is an lively commentator and a heavy consumer of the expertise, actually believing in its revolutionary potential. Matters of curiosity embody blockchain, open-source software program, decentralized finance, and real-world utility.
