The Ether Machine, a company built around ether as a yield asset, has gone public on Nasdaq, backed by a war chest of 400,000 ETH (over $1.5 billion) to open yield opportunities for institutional investors. Company co-founder Andrew Keys believes that ethereum adoption has reached a “pivotal inflection point.” The Ether Machine Goes Public on […] Source CryptoX Portal
Andrew Keys, the co-founder of the new Ethereum investment firm The Ether Machine, argues investors would have made much more money investing in Ether than Bitcoin a decade ago. “The price of Ether per Bitcoin over the past decade has materially improved. Over the last decade, since Ethereum started, you would be 50x wealthier [had you owned it since then],” Keys said on CNBC’s Squawk Box on Monday while talking about his new Ethereum treasury firm, which plans to go public. In a post on X, he later corrected the…
Infamous bitcoin sceptic and proud gold bug Peter Schiff posted a curious message to his 1.1 million X followers on Monday afternoon, urging them to sell ether ( ETH) and use the proceeds to buy bitcoin ( BTC). Schiff, who once compared the dominant cryptocurrency to the bulbs of the Dutch Republic’s 1634 “tulip mania,” […] Original
Key Notes Ether Reserve is looking to merge with blank-check firm Dynamix Corporation to form Ether Machine. This new crypto firm will be listed on the Nasdaq stock exchange. Ultimately, the goal is to establish the largest yield-bearing Ethereum fund targeting institutional investors. Ether Machine, a team of crypto-native researchers and public market experts, is working on listing on the Nasdaq stock exchange through a merger with blank-check firm Dynamix Corporation. Still under formation, the company is on the verge of launching a 400,000 Ethereum ETH $3 758 24h volatility:…
It was a blockbuster week for crypto exchange-traded funds (ETFs) as ether funds hit an all-time weekly inflow record of $2.18 billion. Bitcoin ETFs weren’t far behind, securing $2.39 billion in net inflows for a sixth consecutive green week. Crypto ETFs Pull $4.57 Billion As Ether ETFs See Record 10th Straight Week of Inflows In […] Original
Key Notes More than 6.2 million ETH (5% of supply) is permanently lost or burned. Major losses come from bugs like the Parity Multisig and Quadriga cases. Ethereum upgrades EIP-1559 and The Merge have lowered new ETH issuance. The amount of Ether ETH $3 758 24h volatility: 3.2% Market cap: $453.33 B Vol. 24h: $54.52 B lost forever due to user errors and bugs has climbed to approximately 913,111 ETH, about 0.76% of the current circulating supply, according to Coinbase’s head of product, Conor Grogan. Valued at today’s prices, this…
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 (ETH) 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…
Cryptocurrency investment products posted record-breaking inflows last week as they recorded gains for a 14th consecutive week. Global crypto exchange-traded products (ETPs) recorded $4.4 billion of inflows for the trading week that ended Friday, CoinShares reported on Monday. The inflows came amid Bitcoin (BTC) surging past $122,000 for the first time on July 14, then dropping to an intraweek low of about $116,000 before finishing the trading week at around $120,000, according to CoinGecko data. With the fresh gains, the year-to-date (YTD) inflows in crypto ETPs climbed to a new…
Key points: Bitcoin market participants expect a resistance trend line breakout, with nearby targets including $125,000. Attention continues to focus on altcoins while Bitcoin consolidates, with Ether reaching seven-month highs. Upside potential across altcoins remains, with many not yet copying Ether’s rebound, says the latest market commentary. Bitcoin (BTC) circled $118,500 into Sunday’s weekly close as traders waited for a new upside BTC price breakout. BTC/USD 1-hour chart. Source: Cointelegraph/TradingView Traders: Bitcoin price eyeing $125,000 breakout Data from Cointelegraph Markets Pro and TradingView showed BTC/USD heading higher after a trip…
Crypto exchange-traded funds (ETFs) raked in $766 million on Friday, July 18, with ether ETFs once again outpacing their bitcoin counterparts. Fueled by Blackrock’s dominance, ether products continue to gain serious institutional momentum. Blackrock Dominates As Crypto Funds Pull $766M in Daily Inflows For the second day in a row, ether ETFs outpaced bitcoin ETFs […] Original