The new Securities and Exchange Commission (SEC) filing that highlights this move signals rising confidence in the #1 crypto that’s now trading at $114K – plus growing trust and legitimacy in digital assets.
News like this often boosts overall confidence in the space and thus sets the tone for the best altcoins to thrive.
Michigan Pension Fund Holds $10M+ in Grayscale ETH Trust
According to the latest SEC filing, Michigan’s pension fund now surpasses 46K shares in Grayscale Ethereum Trust (ETHE) valued at around $10.07M. The state also has an additional 460K shares in the Grayscale Ethereum Mini Trust, valued at roughly $1.12M.
Earlier this year, the state also disclosed an $11M stake in ETHE in an SEC filing. This made it one of the first US pension funds to back Ethereum-based products.
In fact, Michigan’s crypto interest is unwavering. In May 2025, the state’s lawmakers rolled out a bipartisan four-bill crypto reform package to solidify its DeFi leadership.
The bill HB 4511 (‘Cryptocurrency Bill of Rights’) gives Michigan residents the right to own and use crypto without regulatory interference, discriminatory taxation, and protects staking and node activities.
Meanwhile, HB 4510 allows the state to invest public funds, like pensions, in regulated crypto projects. That’s provided that those assets have at least a $250B market cap threshold (like $BTC and $ETH).
Then, there’s HB 4512, which offers Bitcoin miners access to abandoned oil and gas wells. In return, miners must cap and remediate the sites, turning pollution risks into crypto opportunities.
Last but not least is HB 4513, which offers tax incentives for Bitcoin mined through this state-run remediation program.
‘Our entire financial future is going to be based on blockchain technology’ ‘… Across the country, more and more states are acting to embrace this innovation. Michigan must be at the forefront of this financial revolution or risk being left behind.’ – Michigan State Rep. Bryan Posthumus
With Michigan’s public funds backing both $BTC and $ETH and new legislation paving the way for blockchain adoption, the environment is ripe for cryptos that have a competitive edge, like Best Wallet Token ($BEST), Bitcoin Hyper ($HYPER), and Lumerin ($LMR).
1. Best Wallet Token ($BEST) – Powers Crypto Wallet With No-KYC & Low Fees
Best Wallet Token ($BEST) powers the Best Wallet app – a gateway to crypto without the typical headaches.
Available on Google Play and the Apple App Store, Best Wallet is a non-custodial wallet that doesn’t require any KYC verification. This way, you can stay anonymous while having full control over your crypto and private keys.
<div style=”background-color: #FCF7E4!important; border-radius: 10px; margin: 0.5em; padding: 1em; color: #444;”>This alone is a major bonus: last year, private key compromises accounted for 43.8% of stolen crypto.</div>
Best Wallet currently supports over 1K digital assets and will soon support over 60 blockchains. It’s integrated with Onramper, too, so that you can anticipate low fees and some of the best exchange rates around.
Source: Best Wallet Token
Plus, the Best Wallet ecosystem has lots to look forward to. It’s getting set to launch Best Card (its own crypto debit card), an NFT gallery, and stop-loss trading features.
For the whole experience, however, you’ll want to scoop up some $BEST. This is because it unlocks lower gas fees, staking rewards (up to 93% APY!), and governance rights.
An added benefit is that $BEST also grants exclusive access to top crypto presales. As such, you can buy low-cap tokens before they list on major exchanges, where their prices typically pump.
Thus far, $BEST has already raised over $14.5M on presale, even though one coin currently costs just $0.025445.
2. Bitcoin Hyper ($HYPER) – Layer 2 Solution Designed to Give Bitcoin a Much-Needed Upgrade
Bitcoin Hyper ($HYPER) is a Layer 2 solution on a mission to redefine what Bitcoin’s capable of achieving – smart contracts, DeFi, and blazing-fast transactions.
Set to go live this quarter, it’ll tap into the Solana Virtual Machine (SVM) to boost Bitcoin’s speed and offer low-cost fees.
To ensure maximum security, it’ll use Zero-Knowledge Proofs (ZKPs), a cutting-edge cryptography that verifies transactions without exposing sensitive data.
Bitcoin Hyper working mechanism
It’ll also use a Canonical Bridge to lock up $BTC on the main chain and mint wrapped tokens on the L2, ready for seamless dApp use.
When also taking into account that 30% of the project’s native token – $HYPER – is earmarked for ongoing development, the network’s tech is primed for continuous growth.
This also means that the more $HYPER raised, the more successful Bitcoin Hyper will likely become. But fear not, it has already raised over $7.3M on presale, backed by major whale investments of $74.9K, $54.1K, and $53.9K.
3. Lumerin ($LMR) – Rockets 51% as Ecosystem Eyes AI, DePIN & RWAs
$LMR is the native token behind Lumerin, an open-source protocol and foundation layer that utilizes smart contracts to manage peer-to-peer (P2P) data dreams. As a consequence, it can control how data is accessed, routed, and transacted in a decentralized manner.
Its flagship service is the Hashpower Marketplace, a P2P platform for trading Bitcoin mining hashpower, so you can acquire $BTC hashrate without physically owning the hardware.
The $LMR token (ERC-20) powers this ecosystem. It serves as a currency for hashpower trades, fuels transactions and gas fees, and enables staking and participation in governance.
To top it off, $LMR also rewards network participants – validators and miners – who help secure and grow the protocol.
Lumerin is also expanding into decentralized AI compute allocation, DePin infrastructure, tokenization of real-world assets (RWAs), and programmable data streams – each of which will be built on the same smart contract framework.
Likely in anticipation of these developments, $LMR has spiked by over 51% this past week. As its price continues to surge, now is a good time to purchase the token for $0.002427.
Verdict – Michigan’s Crypto Stance Boosts Top Altcoins
Michigan’s ETF investments and pro-crypto regulations demonstrate the state’s willingness to become a core part of global DeFi.
When institutions pour significant amounts of capital into $BTC and $ETH, it signals that the conditions are right for the best altcoins to soar. This is because they’re backed with market confidence, liquidity, and legitimacy.
In the current environment, altcoin projects like $BEST, $HYPER, and $LMR have high-profit potential. Unlike other cryptos, they’re not just speculative but solve real problems: accessibility, scalability, and decentralized infrastructure.
This isn’t investment advice. DYOR and never invest more than you’d be sad to lose.
