Recently, the total market capitalization of Ethereum successfully surpassed the 500 billion dollar mark. This milestone achievement is not just a numerical victory, but also an important signal of traditional finance moving closer to the Crypto Assets sector. It is worth noting that this figure coincidentally meets the threshold for public funds to invest in Crypto Assets in certain states in the United States.



New Hampshire, Texas, and Oklahoma have already passed or are about to pass legislation allowing public funds to be invested in crypto assets. These laws stipulate that only crypto assets with a market capitalization exceeding $500 billion can be considered for investment. Currently, Ethereum is the only cryptocurrency, apart from Bitcoin, that meets this criterion, which undoubtedly gives it a significant advantage.

The bills in these states allow for 5% to 10% of public funds, including pensions and financial reserves, to be directly invested in Ethereum. This move could trigger a herd effect among institutional investors, leading to a massive influx of funds into the Crypto Assets market.

Texas, as an important region for energy and finance in the United States, has always attracted attention for its attitude towards Bitcoin. The Bitcoin Reserve Bill passed by the state is seen as a pioneer for state-level sovereign funds and could inspire other states to follow suit.

However, this $500 billion threshold poses a huge challenge for other public chain projects like Solana and Cardano. To share in this policy dividend, these projects must first break through the $500 billion market capitalization, which is not an easy task in the current market environment.

As government funding begins to invest in crypto assets, we may see more states following similar policies. This not only marks that crypto assets, especially Ethereum, are gradually gaining recognition at the institutional and governmental levels, but also indicates that the boundaries between TradFi and the crypto economy are becoming increasingly blurred.

In the future, as more states may follow this practice, the crypto assets market could welcome a new wave of growth opportunities. However, investors still need to be cautious, closely monitor policy changes and market trends, and rationally assess the investment risks and opportunities of crypto assets.
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BlockDetectivevip
· 08-10 09:49
Just waiting for this moment!
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CryptoTherapistvip
· 08-10 09:28
detecting high psychological fomo in these pension funds... breathe thru the hopium fam
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