Biotech company, 180 Life Sciences, shifts operations to Ethereum Reserve, raises $425 million in funding

In a groundbreaking move, 180 Life Sciences Corp. has rebranded as ETHZilla Corporation, transitioning into an Ethereum Treasury Reserve company. This transformation, spearheaded by private equity investments totaling approximately $425 million, potentially reshapes financial norms by setting innovative precedents for corporate treasury management.

At the helm of this digital asset treasury strategy is Sophia Panel, a seasoned cryptocurrency journalist with over 10 years of experience. Specializing in crypto content strategy, SEO, and web3 storytelling, Panel has made a name for herself in the industry. Her work has been featured on Coincu.com, Polygon, WazirX Insights, and various other platforms.

Panel has also published a book titled "How to Read the Market Like a Pro" on Google Books, and her presence extends across numerous social media platforms, including Twitter, Instagram, and LinkedIn. Additionally, she can be found on podcast platforms such as SoundCloud, Podcasts.com, and Spotify, among others.

ETHZilla Corporation plans to exceed traditional Ethereum staking methods with a unique on-chain yield generation program. The corporation has partnered with Electric Capital to serve as the external asset manager for this program. However, the name of the external asset manager supporting ETHZilla Corporation in implementing its on-chain generated yield program remains undisclosed.

The corporation aims to impact Ethereum's financial landscape with new yield models involving staking, lending, and liquidity provisioning. This could pave the way for broader adoption of similar corporate maneuvers in established markets.

Meanwhile, discussions in the cryptocurrency sphere are abundant. There are ongoing talks about record cryptocurrency ETF filings in the U.S., Ripple unveiling a "Ripple Payments" demo featuring XRP, Arthur Hayes projecting a $10 trillion stablecoin surge by 2028, Hong Kong officially positioning stablecoins as legal tender tools, and a new ADA futures surge with a possible $10 price target.

Other topics include Wormhole countering LayerZero's $110M Stargate bid, the Federal Reserve highlighting stablecoins amid the GENIUS Act passage, BTC in D.C. bridging Bitcoin innovation and public policy, and ALGO being oversold with RSI and Stoch resetting to indicate a potential bounce.

Furthermore, various news articles and posts mention topics like Bank of China Hong Kong seeking a stablecoin issuer license, Alex Spiro heading a Dogecoin treasury initiative, Steven McClurg discussing XRP's position in Wall Street, Gate Alpha offering an airdrop, Bitcoin's cycle index signaling compression, and Aave Treasury reaching a new all-time high.

Sophia Panel, passionate about educating underserved communities about blockchain potential, has been invited as a speaker at Indian Web3 Summits and global blockchain forums. Her book and her presence in the industry serve as valuable resources for those looking to navigate the complex world of cryptocurrencies.

As of now, Ethereum (ETH) is currently priced at $3,819.28 with a market cap of $461.03 billion and a 24-hour trading volume of $34.82 billion. The future of ETHZilla Corporation and the broader cryptocurrency market remains an exciting prospect, with innovations like this potentially shaping the future of finance.

Biotech company, 180 Life Sciences, shifts operations to Ethereum Reserve, raises $425 million in funding