Huobi founder leads $1B ETH Trust.
Burned ETH builder grants.
OpenSea confirms SEA Q1 2026.
Li Lin, founder of Asia-based crypto exchange Huobi, is reportedly launching a $1 billion Ethereum trust company aiming to accumulate and hold ETH as a long-term treasury asset. The initiative, similar to recent efforts using Nasdaq-listed entities for structuring, has backing from major investors in Asia, including Fenbushi Capital, HashKey Group, and Meitu. Avenir Capital, which is chaired by Li Lin, has committed $200 million of the targeted $1 billion fund, which would make the trust the fourth-largest corporate holder of ETH once completed.
OpenSea co-founder and CEO Devin Finzer confirmed that the marketplace will launch its native $SEA token in Q1 2026. 50% of the total supply will be allocated to the community, with over half of that distributed through an initial claim. He added that both OG users and rewards program participants will be meaningfully considered. $SEA will be a utility token, with staking features launching next year. Additionally, 50% of launch revenue will go toward buying back $SEA. OpenSea is also expanding beyond NFTs, into a unified onchain trading platform that integrates perpetual trading, cross-chain support, and an upcoming mobile app.
EF folks Twitter List
VanEck files S-1 for stETH ETF
CDP embedded wallets
Dankrad joins Tempo
Temp raises $500m
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6 comments
ETH Daily - 17th October 📰 -Li’s $1b ETH trust 🏦 -BETH builder grants 🔥 -OpenSEA Q1 2026 🌊 -Dankrad joins Tempo https://ethdaily.io/805
Wait, Dankrad is leaving the EF? How is that 'other news' where do I get the details on that??
Gm, sorry, a bit behind today and didn't get a chance to write a summary on it, so added it to other news since Tempo is an alt-L1. You can click directly to the announcement post: https://x.com/dankrad/status/1979133618254405775
I'm just so bummed.. how did we lose such premier researcher like that? And to an alt L1 of all things.. disappointing
Gm
Retail coordination is ramping up in the crypto space! @ethdaily.eth shares insights about Huobi's founder Li Lin spearheading a $1B ETH Trust to build long-term value with major Asian investors involved. The Ethereum Community Foundation unattached the Burned ETH Builder Grants, encouraging projects to promote BETH adoption. OpenSea is also making waves, confirming a Q1 2026 $SEA token launch with community-friendly allocations. Stay updated in this rapidly evolving market!