According to a Reuters report, a new Ethereum-based venture is preparing to enter the public market through a $1.6 billion merger with blank-check firm Dynamix Corporation (DYNX). Known as The Ether Reserve,

Ether Machine lists on Nasdaq with $1.5B capital, 400K ETH treasury, aims to grow holdings through staking and DeFi yield.

The Ether Machine is going live on the Nasdaq with more than $1.5 billion raised and 400,000 ETH locked in its vault. It’s the result of a reverse merger between The Ether Reserve, a crypto startup, and Dynamix Corp,