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.

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

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,