Ethereum ETH Gains Momentum as Ethereum-Based MAGACOIN FINANCE Announces Completion of $12 Million Strategic Raise

NEW YORK, Aug. 15, 2025 (GLOBE NEWSWIRE) -- The price of Ethereum (ETH) has shown notable strength over the past 24 hours, trading in the range of $4,619.49 to $4,788.55 (source: CoinMarketCap, August 15, 2025). Against this positive market backdrop, MAGACOIN FINANCE, an Ethereum-based blockchain project, has confirmed the successful close of its $12 million strategic funding round, supported by more than 10,000 verified participants, including a substantial group of early presale contributors.

Ethereum-Based Project with DeFi Staking Functionality and Third-Party Audits

Fully developed on the Ethereum blockchain, the MAGACOIN FINANCE platform is designed to offer token holders the ability to participate in its Ethereum-based DeFi staking ecosystem. Through this platform, participants may choose to lock (stake) their tokens to support network operations and liquidity. Staking rewards are variable and dependent on market conditions and platform performance.

The project has completed a HashEx security audit, with a CertiK audit currently in progress. Audit findings and reports are or will be made publicly accessible once finalized.

Funding Highlights

$12 million raised from over 10,000 verified participants, including early presale contributors.

Built fully on the Ethereum blockchain with an integrated DeFi staking platform.

Independent security review: HashEx audit completed, CertiK audit pending.

Development roadmap includes potential centralized exchange (CEX) listings, expanded staking features, and ...