Latest news with #AndrewKeys
Yahoo
5 days ago
- Business
- Yahoo
This Hot SPAC Stock Is Joining the Ethereum Treasury Battle. Should You Buy Shares Now?
Dynamix Corporation (DYNX) surged nearly 17% on Monday, July 21 after announcing its merger with The Ether Machine, expected to close by the fourth quarter of 2025. The deal aims to create the largest public vehicle for institutional Ethereum (ETHUSD) exposure, trading under the ticker ETHM. The Ether Machine is led by co-founder Andrew Keys with a $645 million anchor investment. It plans to focus on yield generation through 'staking' rather than just holding Ethereum. This approach enables the company to earn dividends by contributing to Ethereum network operations, a feature that current spot Ethereum ETFs do not offer. More News from Barchart Nvidia Stock Warning: This NVDA Challenger Just Scored a Major Customer Warren Buffett Has $347.7 Billion in Cash Because Growing an 'Empire' Just to Grow Makes 'the Citizenry Poorer' Dear Microsoft Stock Fans, Mark Your Calendars for July 30 Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now! 'Ether produces yield if it's properly managed,' Keys explained, emphasizing Ethereum's advantages over Bitcoin (BTCUSD) in tokenizing various assets and enabling faster transaction processing. The company joins an emerging cohort seeking to become 'the MicroStrategy of Ethereum,' including Bitmine Immersion Technologies (BMNR) and SharpLink Gaming (SBET). With backing from major crypto investors like Pantera Capital, Electric Capital, and 10T Holdings, The Ether Machine enters a hot market in which Ethereum has doubled in value over the past three months and ETFs have recently posted record weekly inflows of $2.18 billion. The Ether Machine Announces $1.6 Billion SPAC Merger The Ether Machine is led by blockchain veterans with deep Ethereum expertise. Co-Founder and Chairman Andrew Keys previously helped create the first Ethereum blockchain as a service with Microsoft (MSFT) and co-founded the Enterprise Ethereum Alliance. CEO David Merin led over $700 million in fundraising at Consensys, while CTO Tim Lowe pioneered institutional staking platforms. The team also includes DeFi expert Darius Przydzial and PayPal (PYPL) board member Jonathan Christodoro as vice chairman. The Ether Machine intends to operate as an Ethereum generation company with three core objectives: generating alpha through staking, restaking, and DeFi protocols; catalyzing the Ethereum ecosystem through partnerships and research; and building infrastructure solutions for institutions and Ethereum projects. Key highlights of the SPAC deal include: Andrew Keys' $645 million anchor investment (169,984 ETH) Over $800 million in institutional backing Expected gross proceeds exceeding $1.6 billion Launch with over 400,000 ETH on the balance sheet Unlike existing Ethereum ETFs that simply hold spot Ethereum, The Ether Machine focuses on yield generation through staking and DeFi strategies. 'We have assembled a team of 'Ethereum Avengers' to actively manage and unlock yields to levels we believe will be market-leading for investors,' Keys said. The timing capitalizes on regulatory clarity and growing institutional appetite for blockchain technology, with the company expected to set new standards for digital asset excellence. Investors should note that as with other SPAC stocks, analysts do not provide ratings or price targets on Dynamix. On the date of publication, Aditya Raghunath did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
Yahoo
5 days ago
- Business
- Yahoo
Why ethereum is the 'largest beneficiary' of the GENIUS Act
Ethereum's (ETH-USD) price surge is linked to stablecoin legislation and its unique blockchain capabilities. Andrew Keys, co-founder and chairman of The Ether Machine, explains how ethereum supports most stablecoins and tokenized assets through smart contracts. To watch more expert insights and analysis on the latest market action, check out more Market Catalysts here. I'm curious your take on the underlying prices also because um you know, as much as we have seen Bitcoin appreciate this year, in the last few weeks Ethereum's just been a rocket ship in terms of a price appreciation. Um, how much of that is sort of what's going on in Washington and are there things that are in the either, I mean, I we have the stable coin legislation pass, but in terms of the legislation being considered that will have implications for Ethereum specifically? Great question. So Ethereum is the largest beneficiary of the Genius Act, which is the stable coin bill because Ethereum hosts is home to the majority of stable coins. So with the Bitcoin blockchain, you have one asset, a Bitcoin, and you can do one thing. You can move it from one person to another. With Ethereum, you can have infinite assets that you can tokenize, and then you can embed these tokens into digital legal agreements, called smart contracts. And we've found that Ethereum has this escape velocity where 90% of tokenization and real world assets and stable coins are residing on Ethereum. Andrew, thanks so much. We'll keep in touch. See how it all goes. Appreciate your time. Thank you.
Crypto Insight
7 days ago
- Business
- Crypto Insight
Ether Machine to launch $1.5B institutional ETH yield fund
A team of crypto-native researchers and public market experts is preparing to launch what it calls the largest yield-bearing Ether fund targeting institutional investors. The company, called Ether Machine, plans to create a publicly traded vehicle offering institutional-grade exposure to Ethereum infrastructure and Ether yield, it announced on Monday. It is co-founded by Andrew Keys, a former board member and head of global business development at Consensys, and David Merin, a former corporate development executive at Consensys who now serves as Ether Machine's CEO. Ether Machine aims to 'expand Ethereum's economic security as the base layer for the next era of global finance and computation,' according to its website. The company will be formed through a combination of The Ether Reserve and Dynamix Corp, a Nasdaq-listed special purpose acquisition company. Following this, Ether Machine plans to list on the Nasdaq under the ticker symbol 'ETHM,' with over 400,000 ETH worth more than $1.5 billion under management at launch. Yield focus and Ethereum-native strategy Ether Machine said it aims to hold 'one of the largest onchain ETH positions' of any public company, generating ETH-denominated returns through staking, restaking and managed participation in decentralized finance (DeFi) protocols. The company said it will also offer 'turnkey infrastructure solutions' for enterprises, DAOs and Ethereum-native builders on the blockchain. Cointelegraph has reached out to Ether Machine for more details on the size and scope of the fund's ETH position. The announcement comes amid a growing roster of companies adopting Bitcoin and cryptocurrency treasuries, aiming to bolster shareholder value and attract more investors. On June 19, Nasdaq-listed Lion Group announced a $600 million Hyperliquid token treasury reserve, which debuted with a $10.6 million initial investment. On June 11, Interactive Strength, a Nasdaq-listed fitness equipment manufacturer, announced a $500 million raise to acquire tokens and establish the world's largest corporate AI token treasury, according to the firm. Source:
Yahoo
7 days ago
- Business
- Yahoo
Ether Machine, backed by crypto giants, set to raise over $1.6 billion in Nasdaq debut
By Ateev Bhandari (Reuters) -The Ether Reserve, a new crypto venture backed by prominent crypto investors, will list on the Nasdaq through a merger with blank-check firm Dynamix Corporation and is expected to raise over $1.6 billion. The combined entity, to be named The Ether Machine, aims to launch with more than 400,000 Ether on its balance sheet, positioning it as the largest public vehicle for institutional exposure to the world's second-largest cryptocurrency. Shares of Dynamix rose nearly 28% in early trading. The deal highlights rising institutional interest in holding crypto on corporate balance sheets, with several projects announcing plans in recent months to publicly list their shares while aiming to wrap crypto assets into equity to attract traditional investors. While most corporate interest has focused on Bitcoin, Ether has surged in recent weeks, hitting a six-month high on Friday. Ether stands out for its yield-generating capability and its use in digitizing real-world assets, according to Andrew Keys, who will serve as Ether Machine's chairman. Ether holders earn returns via staking, a process that supports the operation and security of the Ethereum network. 'Bitcoin doesn't have yield and Ether does,' Keys, who previously worked with Ethereum co-founder Joseph Lubin, told Reuters in an interview. Investors in the blank-check deal, including Kraken, and Pantera Capital, are contributing more than $800 million through an upsized common stock offering. ECOSYSTEM DOMINANCE Ethereum is growing in a way that is reminiscent of how Google dominated internet search, Keys said, adding that 90% of stablecoins and other real-world tokenizations are settled on the platform. The blockchain supporting Ether can have "infinite assets created on top of it and we can have infinite functionality through smart contract usage," he added. Smart contracts are self-executing digital agreements on blockchains, eliminating intermediaries. Ether has also benefited from increased regulatory clarity around U.S. dollar-pegged stablecoins. "The largest beneficiary of the Genius Act is Ethereum because the majority of stablecoins reside on top of Ethereum," Keys said. The company will trade on the Nasdaq under the symbol "ETHM" upon deal close, which is expected in the fourth quarter of 2025.
Bloomberg
21-07-2025
- Business
- Bloomberg
'The Ether Machine' to Go Public with $1.5B Listing
The Ether Machine is set to go public and give investors access to crypto via the public market. The Ether Machine Chairman Andrew Keys speaks with Caroline Hyde on 'Bloomberg Tech'. (Source: Bloomberg)
