In a bold move shaking the crypto world, Konstantin Lomashuk, founder of Lido DAO, secured an $85 million USDT loan to acquire Ethereum (ETH), signaling strong confidence in the blockchain’s future. This Ethereum news today reveals how strategic crypto investments can yield massive gains—and face sudden dips.
Ethereum News: $85M USDT Loan Fuels Massive ETH Purchase
Blockchain analytics firm Arkham tracked Lomashuk’s transaction:
- Borrowed $85M USDT via Aave lending protocol
- Transferred $80M USDT to Amber Group
- Purchased 15,810 ETH ($59.75M) through exchange
This crypto portfolio maneuver demonstrates how major players leverage DeFi platforms for large-scale acquisitions.
Crypto Portfolio Gains $9.48M Before 3.46% Dip
Lomashuk’s holdings show fascinating volatility:
| Asset | Value (July 22) | Value (July 29) | 24H Change |
|---|---|---|---|
| AWSTETH | $315.84M | $325.32M | -3.46% |
| ETH/DAI | $5M | $5M | Stable |
The $9.48M weekly gain highlights Ethereum’s potential, while the dip reminds investors of crypto’s inherent volatility.
Why Ethereum Remains a High-Conviction Bet
Lomashuk’s actions align with his published views on Ethereum:
- Processes 40% of weekly stablecoin volumes ($0.5T)
- Energy efficiency improved post-Merge (PoS transition)
- Annual ETH issuance dropped from 4% to under 1%
His decade-long commitment to Ethereum underscores the blockchain’s foundational role in Web3.
FAQs: Understanding This Ethereum News
Q: How did Lomashuk fund his ETH purchase?
A: Through an $85M USDT loan from Aave, demonstrating DeFi’s role in major crypto transactions.
Q: What’s in his current crypto portfolio?
A: 69,619 AETH/WSETH ($318M+), $5M ETH, and 2,000 DAI according to Arkham.
Q: Why the portfolio value fluctuation?
A: AWSTETH price moved from $4,500 to $4,600 (gain), then dipped 3.46% in 24 hours.
Q: What’s Ethereum’s long-term outlook?
A: Lomashuk calls it “ultrasound money” with critical upgrades (EIP-1559, The Merge) enhancing utility.
