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Blank check companies seek to merge and hold $1.5 billion in ETH to bet on encryption-friendly policies.
On July 21, according to a report by The Wall Street Journal citing informed sources, the blank-check company Dynamix is preparing to merge with another entity to form a new company called "Ether Machine." The merged company plans to hold over $1.5 billion in Ether (ETH).
The bet behind this plan is that under the leadership of a more crypto-friendly Trump administration, investors will continue to favor companies that invest heavily in crypto assets.