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
Bitmine Expands Ethereum Holdings as Staking Network Nears Launch
Bitmine Immersion Technologies disclosed it holds 3.04 million staked Ethereum worth $6 billion, representing 3.71% of Ethereum's supply. The firm's $9.9 billion treasury includes Bitcoin and cash, with 68% of holdings staked, generating $172 million annually.
CryptoFrontNews44m ago
Massive ETF Inflows: BTC, ETH, SOL, XRP See $521M Surge
_US spot crypto ETFs posted $521.45M in net inflows on March 2, 2026, led by Bitcoin products._
_Bitcoin ETFs bought 6,970 BTC worth $458.20M, equal to about 15 days of mined supply._
_Ethereum, Solana, XRP, and Dogecoin ETFs saw inflows, while HBAR, LTC, AVAX, and LINK had zero flows._
LiveBTCNews1h ago
ETH short-term increase of 1.04%: Spot buying driven and deflation expectations resonate to amplify the rally
March 3, 2026 12:00 to 12:15 (UTC), ETH prices rapidly rose within the range of 1960.84 to 1990.3 USDT, recording a 1.04% return with an amplitude of 1.50%. The candlestick data reflect significant market activity during this period, with trading volume and volatility both at high levels, attracting widespread market attention.
The main driver of this movement is active spot market buying, which pushed short-term prices higher. At the same time, leveraged funds in the futures market participated heavily, with open interest exceeding $25 billion, and approximately $96.85 million in long and short funds within the market.
GateNews1h ago
Bitmine scans another 50,000 ETH! Tom Lee Looks Forward to a Rebound in March
Bitmine Immersion Technologies (BMNR) announced that as of March 1, it holds 4.47 million ETH, valued at $8.8 billion, making it the publicly listed company with the largest holdings of Ethereum worldwide. Despite the market downturn, Bitmine continues to increase its ETH holdings and plans to launch its own "Made in USA Validator Network," which is expected to generate an annualized revenue of $249 million.
区块客1h ago
Ethereum sets usage record, but ETH approaches the longest downtrend chain since 2018
Ethereum is approaching a milestone that few investors want: the longest monthly downtrend since the 2018 "crypto winter."
Since September 2025, ETH has experienced six consecutive months of closing in the red, causing the price to drop approximately 60% from the all-time high of $4,953 in August 2025 to below $2,000.
TapChiBitcoin1h ago
