# Huobi Founder Leads $1B ETH Trust

> Li Lin, founder of the Huobi crypto exchange, plans to launch a $1 billion Ethereum trust company aiming to establish an ETH treasury.

**Published by:** [ETH Daily](https://ethdaily.io/)
**Published on:** 2025-10-18
**Categories:** news, 2025, october2025
**URL:** https://ethdaily.io/805

## Content

Quick TakeHuobi founder leads $1B ETH Trust.Burned ETH builder grants.OpenSea confirms SEA Q1 2026.Huobi Founder Leads $1B ETH TrustListen to this episode from ETH Daily - Ethereum News on Spotify. Huobi founder Li Lin plans to launch a $1b ETH Trust. ECP opens Burned ETH builder grants. OpenSea confirms its SEA will go live in Q1 2026. And Dankrad Fiest leaves the Ethereum Foundation.https://spotify.comHuobi Founder Leads $1B ETH TrustLi 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.Burned ETH Builder GrantsThe Ethereum Community Foundation launched the Burned ETH (BETH) Builder Grants, offering $50,000 in total funding for projects that expand BETH adoption. BETH is an ERC-20 token representing provably burned ETH. When ETH is sent to the BETH smart contract, it is permanently burned, and an equal amount of BETH is minted 1:1 as an onchain proof of burn. The program invites proposals for L2 Burn Bridges, Burn Leaderboards, airdrop/incentive frameworks, integrations, developer tooling, governance systems, and culture projects. BETH aims to make burn data a transparent, onchain metric of alignment with Ethereum’s monetary base. Applications are open through the end of October.OpenSea Confirms SEA Q1 2026OpenSea 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.Other NewsEF folks Twitter ListVanEck files S-1 for stETH ETFCDP embedded walletsDankrad joins TempoTemp raises $500mDisclaimer: Content is for informational purposes only, not endorsement or investment advice. The accuracy of information is not guaranteed.

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