According to the source, Huobi founder Li Lin is launching a $1B Ether (ETH) trust with participation from early Ethereum backers at Fenbushi Capital, HashKey Group, and Meitu. Source: X post dated Oct 17, 2025, post ID 1979268859673669905. Trading implications: Treat this headline as unverified until primary confirmations are released; monitor ETH spot price, funding rates, and open interest for positioning shifts; and track reported institutional demand via public ETF/ETP flow dashboards and exchange netflows. Data sources to monitor: Farside Investors ETF flow tracker, SoSoValue ETF/ETP dashboard, CME ETH futures metrics, and major exchanges’ derivatives pages.

According to @ambergroup_io, Amber Group co-hosted an exclusive Token2049 event with Fenbushi Capital that gathered family offices, high-net-worth individuals, institutional investors, fund managers, and industry partners, outlining its digital wealth management strategy for institutions and private clients, source: Amber Group on X, Oct 8, 2025. Guests engaged directly with the core management team and CEO Michael Wu to learn the firm’s newly aligned strategy, source: Amber Group on X, Oct 8, 2025. An interactive live poll highlighted market potential for digital assets, including RWA solutions and structured products, source: Amber Group on X, Oct 8, 2025. Amber Group stated its vision places the firm at the forefront of digital wealth management and has earned trust from institutions and private clients for expertly managed strategies, source: Amber Group on X, Oct 8, 2025. The event also showcased Amber Premium’s agentfi ambassador MIA, who demonstrated AI and crypto integration and distributed MIA agent token airdrops on-site to let guests experience real-world applications of the agentfi economy, source: Amber Group on X, Oct 8, 2025.

According to @lookonchain, an on-chain analytics source, a wallet address possibly associated with Fenbushi Capital has executed a significant withdrawal of 4,000 ETH, valued at approximately $12.93 million, from the Binance exchange. This transaction, identified by the wallet address "0x0277", often suggests a move to self-custody, which traders may interpret as a long-term bullish signal, as it reduces the readily available supply of ETH on the exchange and could indicate an intention to hold the asset.

According to @lookonchain, Fenbushi Capital has incurred significant losses on multiple cryptocurrency investments. They lost $2.44M (-90%) on SUSHI, $2.27M (-82%) on COMP, $1.53M (-42%) on UNI, and $499K (-15%) on AAVE. Recently, they sold $5.14M worth of assets, including 136,094 EIGEN ($514K), 146,537 UNI ($1.13M), 10.17M SNT ($244K), and 10,681 COMP ($509K), all at a loss. This indicates a strategic shift or liquidation under financial pressure.