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Ethereum Market Cap Stabilizes Above $500 Billion, Approaching Investment Threshold of Some US States

2025.08.10 10:56:27

On August 10th, with the total market capitalization of Ethereum surpassing $500 billion, it has initially reached the public fund investment threshold of some states in the United States: · On May 7th, New Hampshire passed the Strategic Bitcoin Reserve Act. This act stipulates that the state treasurer may invest up to 5% of public funds from the general fund and other authorized funds in these assets. Cryptocurrencies need to be projects with a market capitalization exceeding $500 billion. · On June 22nd, the governor of Texas signed the Bitcoin Reserve Act SB 21, making it a law. It will establish a fund managed by the state government and only invest in cryptocurrencies with an average market capitalization of at least $500 billion in the past 12 months and eligible to receive state budget appropriations. · On March 25th, the Oklahoma House of Representatives voted to pass the Strategic Bitcoin Reserve Act (not yet formally enacted into law). This act allows the state to invest 10% of public funds in Bitcoin or any digital asset with a market capitalization exceeding $500 billion.
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