Bitget App
Trade smarter
Open
HomepageSign up
Bitget>
News>
Ethereum's market capitalization has stabilized at $500 billion, initially reaching the investment threshold of some US states.

Ethereum's market capitalization has stabilized at $500 billion, initially reaching the investment threshold of some US states.

Cointime2025/08/10 03:35
By: Cointime
BTC-1.90%RSR-1.88%ETH-3.23%

On August 10th, news came that with the total market value of Ethereum surpassing 500 billion US dollars, it has preliminarily reached the public fund investment threshold of some states in the United States:

On May 7th, New Hampshire passed the Strategic Bitcoin Reserve Act, which stipulates that the financial director can invest up to 5% of public funds from general funds and other authorized funds in these assets, with cryptocurrency assets having a market value of over 500 billion US dollars.

On June 22nd, the Governor of Texas signed the "Bitcoin Reserve Act" SB 21, making it official. A fund managed by the state government will be created, and it will only invest in cryptocurrencies with an average market value of at least 500 billion US dollars in the past 12 months, and will be eligible for state budget allocations.

On March 25th, the Oklahoma House of Representatives voted on the Strategic Bitcoin Reserve Act (not yet formally passed into law). The bill allows the state to invest 10% of public funds in Bitcoin or any digital asset with a market value of over 500 billion US dollars.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Trending news

More
1
TAO Synergies Closes $11 Million Private Round for TAO Strategy
2
Enso Network launches mainnet and makes ENSO available on Ethereum and BNB

Crypto prices

More
Bitcoin
Bitcoin
BTC
$113,040.23
-2.36%
Ethereum
Ethereum
ETH
$4,115.55
-3.63%
Tether USDt
Tether USDt
USDT
$1
-0.03%
BNB
BNB
BNB
$1,221.15
-4.86%
XRP
XRP
XRP
$2.49
-5.36%
Solana
Solana
SOL
$199.94
-3.92%
USDC
USDC
USDC
$1
+0.03%
Dogecoin
Dogecoin
DOGE
$0.2034
-6.24%
TRON
TRON
TRX
$0.3161
-2.46%
Cardano
Cardano
ADA
$0.6945
-5.10%
How to sell PI
Bitget lists PI – Buy or sell PI quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now
Trade smarter