Huobi Founder Li Lin Denies LD and Garrett Gin Investment Rumors
Li Lin rejects speculation of asset swaps, retaining Bitcoin holdings, while Avenir Group remains BlackRock IBIT’s largest Asian holder and maintains long-term Ethereum staking strategy.
BTC
ETH
Summary
Huobi founder Li Lin reaffirmed he will not exchange Bitcoin for Ethereum and dismissed ongoing rumors about investments linked to LD or Garrett Gin. He stated that 95% of his funds are managed through his family office without external delegation. Avenir Group continues as BlackRock’s iShares Bitcoin Trust largest holder in Asia, with 80% of its Ethereum staked long-term, indicating a sustained commitment to both cryptocurrencies.
Terms & Concepts
- Huobi: A major global cryptocurrency exchange offering trading, investment, and blockchain services.
- Bitcoin: The first decentralized cryptocurrency, used as a peer-to-peer digital payment system.
- Ethereum: A blockchain platform supporting smart contracts and decentralized applications.