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.

ETH-3.71%
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ImpermanentLossEnjoyervip
· 07-24 07:45
Having money means being able to do whatever you want.
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LeekCuttervip
· 07-23 18:41
Trump: Want to play people for suckers again?
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ReverseTradingGuruvip
· 07-21 09:36
Just hard short
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blocksnarkvip
· 07-21 09:36
Wake up, the institutions are playing people for suckers again.
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GasFeeCryingvip
· 07-21 09:33
$1.5 billion to buy ETH and eat meme tokens
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FundingMartyrvip
· 07-21 09:32
Is the encryption bull run still far away?
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LiquidationAlertvip
· 07-21 09:27
Is Trump going to rise to power again in the blink of an eye?
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JustAnotherWalletvip
· 07-21 09:23
This wave of joining in the fun is really good.
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ChainSherlockGirlvip
· 07-21 09:07
Tsk tsk, betting on the political situation again, playing with ETH like this will eventually get regulated and become bald... Just my imagination, haha.
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