
A proposed US$1 billion Ethereum DAT (Decentralized Autonomous Trust) by leading Asian crypto investors, including founders of Huobi, HashKey, and FenBushi Capital, has been shelved due to the market downturn. This means a significant amount of capital intended for Ethereum-based projects is now unallocated. Investors should watch for where this capital might be redeployed, potentially into new, useful crypto applications as suggested by the tweet.

By mdudas
crypto investor @6thManVentures // co-founder @theblock__ @linksdao // @moonbirds kol