[Bitpush Daily News Selection] Li Lin, Shen Bo, Xiao Feng, and Cai Wensheng plan to jointly establish a $1 billion Ethereum treasury company; Federal Reserve's Musalem: May support another rate cut, policy not predetermined; Charles Schwab: Clients' interest in its crypto products is rising, with crypto site visits up 90% year-on-year

Bitpush Editor's daily selection of Web3 news for you:

[Li Lin, Shen Bo, Xiao Feng, and Cai Wensheng plan to jointly establish a $1 billion Ethereum treasury company]

According to Bitpush, some of Asia's earliest and most prominent Ethereum supporters plan to acquire a Nasdaq-listed company and launch a $1 billion Ethereum digital asset treasury company (DAT).

Participants in this plan include Li Lin, founder of Huobi and chairman of Avenir Capital, Shen Bo, founder of Fenbushi Capital, Xiao Feng, CEO of HashKey Group, and Cai Wensheng, founder of Meitu. Avenir manages assets of over $1 billion and is said to have committed $200 million, while investors including Sequoia Capital Group have also pledged hundreds of millions of dollars in support.

[Federal Reserve's Musalem: May support another rate cut, policy not predetermined]

According to Bitpush, Federal Reserve's Musalem stated that he may support another rate cut to boost the slowing labor market, but emphasized that given economic uncertainty, officials should make decisions on a meeting-by-meeting basis. Musalem said: "If there are further risks to the labor market and if the risk of persistent inflation remains under control, I may support a further lowering of the policy rate path. I really don't think we need to follow a preset course." Musalem also said he estimates the Fed's current policy is "between moderately restrictive and neutral." "That's why I say we must act cautiously," he said. "I think there is limited room for further easing before monetary policy becomes too loose."

[Charles Schwab: Customer interest in its crypto products rises, crypto site visits up 90% year-on-year]

According to Bitpush and Bitcoin Magazine, Charles Schwab (managing and custodial assets of about $11 trillion) stated that user interest in its crypto products has increased, with visits to its crypto website up 90% year-on-year.

[Maelstrom is raising over $250 million to set up a private equity fund]

According to Bitpush, Maelstrom, the family office of BitMEX co-founder Arthur Hayes, is raising over $250 million to establish a private equity fund, planning to acquire up to six mid-sized crypto companies. The fund will invest $40 million to $75 million per year, focusing on blockchain trading infrastructure and data analytics startups.

[An address transferred 6,500 BTC worth $694 million after three years of dormancy]

According to Bitpush and Lookonchain monitoring, the wallet "bc1ql7c" was activated after three years of dormancy and just transferred all 6,500 BTC (worth $694 million) to a new address. These 6,500 BTC were originally obtained from Ivanov (Bilyuchenko) three years ago.

Ivanov (also known as Bilyuchenko) is a Russian crypto entrepreneur accused of co-founding the BTC-e and WEX exchanges and laundering hundreds of thousands of bitcoins stolen from Mt. Gox.

[OpenSea seeks to transform into a crypto trading aggregator]

According to Bitpush and Forbes, NFT trading platform OpenSea is seeking to transform into a crypto trading aggregator. The collapse of the NFT market led OpenSea to lay off more than half its staff, and by October 2023, OpenSea's monthly revenue was only $3 million, far below the peak of $125 million in January 2022.

OpenSea is expanding into a one-stop trading platform. Data shows that in the first two weeks of October 2025, OpenSea facilitated $1.6 billion in crypto trading and $230 million in NFT trading, far exceeding the total trading volume of $142 million in May. Previously, in September, OpenSea announced that all NFT Strategy tokens were now online. NFT Strategy tokens combine NFT and DeFi, using automated trading strategies to manage assets related to specific NFT collections, creating value or yield for holders.