AmeerAliSindhi
3 Posts
AmeerAliSindhi
Report
Block User
Open Trade
Frequent Trader
5 Years
0 Following
22 Followers
19 Liked
Posts
Portfolio
2026's biggest crypto exploit: $292 million gets drained from Kelp DAO with wrapped ether strandedKelp's $292 million loss is now the largest DeFi exploit of 2026, overtaking Drift by a few million doKelp, a product under the KernelDAO umbrella, acknowledged the incident in its first public X post at 20:10 UTC, nearly three hours after the drain. The protocol said it was investigating with LayerZero, Unichain, its auditors and outside security specialists. It has not disclosed how the exploit bypassed the bridge's validation logic.
Whether rsETH holds peg through the weekend depends on how much of the cross-chain float tries to redeem into ETH on Ethereum and whether Kelp can recover any portion of the stolen funds before the Tornado Cash trail goes cold.
The hack lands in an unusually hostile stretch for DeFi. Solana-based perpetuals protocol Drift was drained of about $285 million on April 1 in an attack later linked to North Korea-affiliated actors, and at least a dozen smaller protocols have been exploited in the weeks since, including CoW Swap, Zerion, Rhea Finance and Silo Finance.
Kelp's $292 million loss is now the largest DeFi exploit of 2026, overtaking Drift by a few million doKelp, a product under the KernelDAO umbrella, acknowledged the incident in its first public X post at 20:10 UTC, nearly three hours after the drain. The protocol said it was investigating with LayerZero, Unichain, its auditors and outside security specialists. It has not disclosed how the exploit bypassed the bridge's validation logic.
Whether rsETH holds peg through the weekend depends on how much of the cross-chain float tries to redeem into ETH on Ethereum and whether Kelp can recover any portion of the stolen funds before the Tornado Cash trail goes cold.
#KelpDAOFacesAttack
The hack lands in an unusually hostile stretch for DeFi. Solana-based perpetuals protocol Drift was drained of about $285 million on April 1 in an attack later linked to North Korea-affiliated actors, and at least a dozen smaller protocols have been exploited in the weeks since, including CoW Swap, Zerion, Rhea Finance and Silo Finance.
Kelp's $292 million loss is now the largest DeFi exploit of 2026, overtaking Drift by a few million doKelp, a product under the KernelDAO umbrella, acknowledged the incident in its first public X post at 20:10 UTC, nearly three hours after the drain. The protocol said it was investigating with LayerZero, Unichain, its auditors and outside security specialists. It has not disclosed how the exploit bypassed the bridge's validation logic.
Whether rsETH holds peg through the weekend depends on how much of the cross-chain float tries to redeem into ETH on Ethereum and whether Kelp can recover any portion of the stolen funds before the Tornado Cash trail goes cold.
The hack lands in an unusually hostile stretch for DeFi. Solana-based perpetuals protocol Drift was drained of about $285 million on April 1 in an attack later linked to North Korea-affiliated actors, and at least a dozen smaller protocols have been exploited in the weeks since, including CoW Swap, Zerion, Rhea Finance and Silo Finance.
Kelp's $292 million loss is now the largest DeFi exploit of 2026, overtaking Drift by a few million doKelp, a product under the KernelDAO umbrella, acknowledged the incident in its first public X post at 20:10 UTC, nearly three hours after the drain. The protocol said it was investigating with LayerZero, Unichain, its auditors and outside security specialists. It has not disclosed how the exploit bypassed the bridge's validation logic.
Whether rsETH holds peg through the weekend depends on how much of the cross-chain float tries to redeem into ETH on Ethereum and whether Kelp can recover any portion of the stolen funds before the Tornado Cash trail goes cold.
The hack lands in an unusually hostile stretch for DeFi. Solana-based perpetuals protocol Drift was drained of about $285 million on April 1 in an attack later linked to North Korea-affiliated actors, and at least a dozen smaller protocols have been exploited in the weeks since, including CoW Swap, Zerion, Rhea Finance and Silo Finance.
Kelp's $292 million loss is now the largest DeFi exploit of 2026, overtaking Drift by a few million dollars
#SaveIran #killisrail #ranRejectsSecondRoundTalks $BTC
{spot}(BTCUSDT)
$ETH
{spot}(ETHUSDT)
$BNB
{spot}(BNBUSDT)
2026's biggest crypto exploit: $292 million gets drained from Kelp DAO with wrapped ether stranded
Kelp's $292 million loss is now the largest DeFi exploit of 2026, overtaking Drift by a few million doKelp, a product under the KernelDAO umbrella, acknowledged the incident in its first public X post at 20:10 UTC, nearly three hours after the drain. The protocol said it was investigating with LayerZero, Unichain, its auditors and outside security specialists. It has not disclosed how the exploit bypassed the bridge's validation logic.
Whether rsETH holds peg through the weekend depends on how much of the cross-chain float tries to redeem into ETH on Ethereum and whether Kelp can recover any portion of the stolen funds before the Tornado Cash trail goes cold.
The hack lands in an unusually hostile stretch for DeFi. Solana-based perpetuals protocol Drift was drained of about $285 million on April 1 in an attack later linked to North Korea-affiliated actors, and at least a dozen smaller protocols have been exploited in the weeks since, including CoW Swap, Zerion, Rhea Finance and Silo Finance.
Kelp's $292 million loss is now the largest DeFi exploit of 2026, overtaking Drift by a few million doKelp, a product under the KernelDAO umbrella, acknowledged the incident in its first public X post at 20:10 UTC, nearly three hours after the drain. The protocol said it was investigating with LayerZero, Unichain, its auditors and outside security specialists. It has not disclosed how the exploit bypassed the bridge's validation logic.
Whether rsETH holds peg through the weekend depends on how much of the cross-chain float tries to redeem into ETH on Ethereum and whether Kelp can recover any portion of the stolen funds before the Tornado Cash trail goes cold.
#KelpDAOFacesAttack
The hack lands in an unusually hostile stretch for DeFi. Solana-based perpetuals protocol Drift was drained of about $285 million on April 1 in an attack later linked to North Korea-affiliated actors, and at least a dozen smaller protocols have been exploited in the weeks since, including CoW Swap, Zerion, Rhea Finance and Silo Finance.
Kelp's $292 million loss is now the largest DeFi exploit of 2026, overtaking Drift by a few million doKelp, a product under the KernelDAO umbrella, acknowledged the incident in its first public X post at 20:10 UTC, nearly three hours after the drain. The protocol said it was investigating with LayerZero, Unichain, its auditors and outside security specialists. It has not disclosed how the exploit bypassed the bridge's validation logic.
Whether rsETH holds peg through the weekend depends on how much of the cross-chain float tries to redeem into ETH on Ethereum and whether Kelp can recover any portion of the stolen funds before the Tornado Cash trail goes cold.
The hack lands in an unusually hostile stretch for DeFi. Solana-based perpetuals protocol Drift was drained of about $285 million on April 1 in an attack later linked to North Korea-affiliated actors, and at least a dozen smaller protocols have been exploited in the weeks since, including CoW Swap, Zerion, Rhea Finance and Silo Finance.
Kelp's $292 million loss is now the largest DeFi exploit of 2026, overtaking Drift by a few million doKelp, a product under the KernelDAO umbrella, acknowledged the incident in its first public X post at 20:10 UTC, nearly three hours after the drain. The protocol said it was investigating with LayerZero, Unichain, its auditors and outside security specialists. It has not disclosed how the exploit bypassed the bridge's validation logic.
Whether rsETH holds peg through the weekend depends on how much of the cross-chain float tries to redeem into ETH on Ethereum and whether Kelp can recover any portion of the stolen funds before the Tornado Cash trail goes cold.
The hack lands in an unusually hostile stretch for DeFi. Solana-based perpetuals protocol Drift was drained of about $285 million on April 1 in an attack later linked to North Korea-affiliated actors, and at least a dozen smaller protocols have been exploited in the weeks since, including CoW Swap, Zerion, Rhea Finance and Silo Finance.
Kelp's $292 million loss is now the largest DeFi exploit of 2026, overtaking Drift by a few million dollars
#SaveIran #killisrail #ranRejectsSecondRoundTalks $BTC
$ETH
$BNB
Whether rsETH holds peg through the weekend depends on how much of the cross-chain float tries to redeem into ETH on Ethereum and whether Kelp can recover any portion of the stolen funds before the Tornado Cash trail goes cold.
The hack lands in an unusually hostile stretch for DeFi. Solana-based perpetuals protocol Drift was drained of about $285 million on April 1 in an attack later linked to North Korea-affiliated actors, and at least a dozen smaller protocols have been exploited in the weeks since, including CoW Swap, Zerion, Rhea Finance and Silo Finance.
Kelp's $292 million loss is now the largest DeFi exploit of 2026, overtaking Drift by a few million doKelp, a product under the KernelDAO umbrella, acknowledged the incident in its first public X post at 20:10 UTC, nearly three hours after the drain. The protocol said it was investigating with LayerZero, Unichain, its auditors and outside security specialists. It has not disclosed how the exploit bypassed the bridge's validation logic.
Whether rsETH holds peg through the weekend depends on how much of the cross-chain float tries to redeem into ETH on Ethereum and whether Kelp can recover any portion of the stolen funds before the Tornado Cash trail goes cold.
#KelpDAOFacesAttack
The hack lands in an unusually hostile stretch for DeFi. Solana-based perpetuals protocol Drift was drained of about $285 million on April 1 in an attack later linked to North Korea-affiliated actors, and at least a dozen smaller protocols have been exploited in the weeks since, including CoW Swap, Zerion, Rhea Finance and Silo Finance.
Kelp's $292 million loss is now the largest DeFi exploit of 2026, overtaking Drift by a few million doKelp, a product under the KernelDAO umbrella, acknowledged the incident in its first public X post at 20:10 UTC, nearly three hours after the drain. The protocol said it was investigating with LayerZero, Unichain, its auditors and outside security specialists. It has not disclosed how the exploit bypassed the bridge's validation logic.
Whether rsETH holds peg through the weekend depends on how much of the cross-chain float tries to redeem into ETH on Ethereum and whether Kelp can recover any portion of the stolen funds before the Tornado Cash trail goes cold.
The hack lands in an unusually hostile stretch for DeFi. Solana-based perpetuals protocol Drift was drained of about $285 million on April 1 in an attack later linked to North Korea-affiliated actors, and at least a dozen smaller protocols have been exploited in the weeks since, including CoW Swap, Zerion, Rhea Finance and Silo Finance.
Kelp's $292 million loss is now the largest DeFi exploit of 2026, overtaking Drift by a few million doKelp, a product under the KernelDAO umbrella, acknowledged the incident in its first public X post at 20:10 UTC, nearly three hours after the drain. The protocol said it was investigating with LayerZero, Unichain, its auditors and outside security specialists. It has not disclosed how the exploit bypassed the bridge's validation logic.
Whether rsETH holds peg through the weekend depends on how much of the cross-chain float tries to redeem into ETH on Ethereum and whether Kelp can recover any portion of the stolen funds before the Tornado Cash trail goes cold.
The hack lands in an unusually hostile stretch for DeFi. Solana-based perpetuals protocol Drift was drained of about $285 million on April 1 in an attack later linked to North Korea-affiliated actors, and at least a dozen smaller protocols have been exploited in the weeks since, including CoW Swap, Zerion, Rhea Finance and Silo Finance.
Kelp's $292 million loss is now the largest DeFi exploit of 2026, overtaking Drift by a few million dollars
#SaveIran #killisrail #ranRejectsSecondRoundTalks $BTC
$ETH
$BNB
31
Article
Matt Hougan, CIO of Bitwise, has highlighted that the current geopolitical chaos might push bitcoin Iran’s $1 bitcoin toll per oil barrel proposal bypasses weaponized fiat, fueling a shift to apolitical rails next.Bitwise CIO Hougan claims the $20M hypothetical daily toll proves bitcoin will soon act as both gold and currency.If bitcoin captures this new dual role, Hougan calls to update his $1M, 17% market share target up for BTC.
Bitwise: Bitcoin Might Be Adopted As Currency Amidst Geopolitical Chaos
The recent events surrounding the use of bitcoin as a possible means of payment to secure passage through the Strait of Hormuz have brought the prime cryptocurrency into the geopolitical spotlight, and analysts are now examining the possible effects of this use case.
Matt Hougan, CIO of Bitwise, believes that adding this functionality to bitcoin’s already extended “digital gold” store-of-value feature during times of geopolitical chaos might push its price to stratospheric heights.
On social media, Hougan stressed that this new possibility of bitcoin becoming a “traditional currency,” while unlikely, was not as far-fetched as it could have been considered some years ago, pointing to the announcement of Iran seeking to take $1 in bitcoin per oil barrel as Hormuz Strait toll, raking up $20 million a day, as evidence.
He stressed that this showed a “reality that transcends the current conflict: In a world where countries have weaponized their financial rails, bitcoin is emerging as an apolitical alternative.”
In this regard, Hougan likened this bet to an out-of-the-money call option, explaining that during the Iran conflict, two conditions for this to happen appeared: An increased probability of bitcoin being used in a currency-like manner and a rise in the volatility of the global monetary order.#SaveIran $BTC
Before, he had estimated that [bitcoin](https://www.binance.com/en/price/bitcoin) could reach up to $1 million by capturing 17% of the $38 trillion store-of-value market over the next decade. But now, as [bitcoin](https://www.binance.com/en/price/bitcoin) has the opportunity to expand its uses beyond this already established narrative, the goal could be set even higher.
“If bitcoin starts to take on a dual role as both a store of value (like gold) and an actual currency (like the dollar), we may need to revise our targets higher,” Hougan concluded.#Gopang
Matt Hougan, CIO of Bitwise, has highlighted that the current geopolitical chaos might push bitcoin
Iran’s $1 bitcoin toll per oil barrel proposal bypasses weaponized fiat, fueling a shift to apolitical rails next.Bitwise CIO Hougan claims the $20M hypothetical daily toll proves bitcoin will soon act as both gold and currency.If bitcoin captures this new dual role, Hougan calls to update his $1M, 17% market share target up for BTC.
Bitwise: Bitcoin Might Be Adopted As Currency Amidst Geopolitical Chaos
The recent events surrounding the use of bitcoin as a possible means of payment to secure passage through the Strait of Hormuz have brought the prime cryptocurrency into the geopolitical spotlight, and analysts are now examining the possible effects of this use case.
Matt Hougan, CIO of Bitwise, believes that adding this functionality to bitcoin’s already extended “digital gold” store-of-value feature during times of geopolitical chaos might push its price to stratospheric heights.
On social media, Hougan stressed that this new possibility of bitcoin becoming a “traditional currency,” while unlikely, was not as far-fetched as it could have been considered some years ago, pointing to the announcement of Iran seeking to take $1 in bitcoin per oil barrel as Hormuz Strait toll, raking up $20 million a day, as evidence.
He stressed that this showed a “reality that transcends the current conflict: In a world where countries have weaponized their financial rails, bitcoin is emerging as an apolitical alternative.”
In this regard, Hougan likened this bet to an out-of-the-money call option, explaining that during the Iran conflict, two conditions for this to happen appeared: An increased probability of bitcoin being used in a currency-like manner and a rise in the volatility of the global monetary order.#SaveIran $BTC
Before, he had estimated that bitcoin could reach up to $1 million by capturing 17% of the $38 trillion store-of-value market over the next decade. But now, as bitcoin has the opportunity to expand its uses beyond this already established narrative, the goal could be set even higher.
“If bitcoin starts to take on a dual role as both a store of value (like gold) and an actual currency (like the dollar), we may need to revise our targets higher,” Hougan concluded.#Gopang
Bitwise: Bitcoin Might Be Adopted As Currency Amidst Geopolitical Chaos
The recent events surrounding the use of bitcoin as a possible means of payment to secure passage through the Strait of Hormuz have brought the prime cryptocurrency into the geopolitical spotlight, and analysts are now examining the possible effects of this use case.
Matt Hougan, CIO of Bitwise, believes that adding this functionality to bitcoin’s already extended “digital gold” store-of-value feature during times of geopolitical chaos might push its price to stratospheric heights.
On social media, Hougan stressed that this new possibility of bitcoin becoming a “traditional currency,” while unlikely, was not as far-fetched as it could have been considered some years ago, pointing to the announcement of Iran seeking to take $1 in bitcoin per oil barrel as Hormuz Strait toll, raking up $20 million a day, as evidence.
He stressed that this showed a “reality that transcends the current conflict: In a world where countries have weaponized their financial rails, bitcoin is emerging as an apolitical alternative.”
In this regard, Hougan likened this bet to an out-of-the-money call option, explaining that during the Iran conflict, two conditions for this to happen appeared: An increased probability of bitcoin being used in a currency-like manner and a rise in the volatility of the global monetary order.#SaveIran $BTC
Before, he had estimated that bitcoin could reach up to $1 million by capturing 17% of the $38 trillion store-of-value market over the next decade. But now, as bitcoin has the opportunity to expand its uses beyond this already established narrative, the goal could be set even higher.
“If bitcoin starts to take on a dual role as both a store of value (like gold) and an actual currency (like the dollar), we may need to revise our targets higher,” Hougan concluded.#Gopang
1
7
253
Article
their planned SPAC merger this week, citing “unfavorable market conditions,” with Dynamix set toThe Ether Machine and Dynamix Corporation (Nasdaq: ETHM) mutually terminated their July 21, 2025, SPAC merger on April 8, 2026.
Dynamix will receive a $50 million cash payment within 15 days under the Termination Agreement’s exit terms.
The Ether Reserve LLC holds roughly 496,712 ETH and continues operating privately with no new listing plans announced.
Dynamix Corporation ETHM Merger Terminated
The companies announced the end of their Business Combination Agreement, originally signed July 21, 2025, through a Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission (SEC). The Ether Machine confirmed the termination on April 11 via its official X account, directing followers to the SEC filing for details.
Under the Termination Agreement, the unnamed Payor is required to deliver $50 million to Dynamix within 15 days of the effective date on April 8. All parties executed broad mutual releases covering both known and unknown claims tied to the transaction.
'Unfavorable Market Conditions' — Ether Machine Terminates SPAC Merger With Dynamix Corporation
According to strategicethreserve.xyz stats, The Ether Machine holds 496,712 ETH.
The agreement also includes a covenant not to sue and mutual non-disparagement provisions. On the indemnification side, the Payor agreed to protect Dynamix, sponsor DynamixCore Holdings LLC, and affiliated parties from losses stemming from claims brought by certain ETHM investors.
Dynamix, in turn, agreed to indemnify The Ether Machine parties against claims from non-ETHM Dynamix shareholders. By virtue of the termination, all related subscription agreements and contribution agreements between the parties were also dissolved, according to their terms.
Dynamix, a Cayman Islands exempted company trading on Nasdaq under the ticker ETHM, has until Nov. 22, 2026, to complete a new initial business combination under its amended articles of association before it must redeem public shares and face potential liquidation.
At the time of the termination announcement, secondary market data placed Dynamix’s market capitalization at approximately $236.5 million.
The Ether Machine had positioned itself as an active Ethereum operating company, not a passive holding vehicle or spot exchange-traded fund (ETF). Its structure is centered on large-scale ETH accumulation, validator operations, staking, and yield strategies designed to compound holdings over time in ETH-denominated terms.
Andrew Keys, the company’s co-founder and chairman and an early ConsenSys executive, personally contributed approximately 169,984 ETH at the time the original deal was signed. That contribution alone was valued at hundreds of millions of dollars based on Coinbase VWAP pricing mechanics outlined in the agreement.
The planned merger had drawn institutional backing from firms including 10T Holdings, Electric Capital, and Pantera Capital. The company reported more than $800 million in committed institutional capital across prior rounds, with total commitments targeting some of the largest corporate Ethereum treasuries ever assembled for a public market vehicle.
As of early 2026, prior to the termination, The Ether Reserve LLC held approximately 496,712 ETH, valued at more than $1.1 billion at current prices. The company also reported generating more than 1,000 ETH in early yield from
its operational activities.$ETH
$BTC
{spot}(BTCUSDT)
$ETH
{spot}(ETHUSDT)
their planned SPAC merger this week, citing “unfavorable market conditions,” with Dynamix set to
The Ether Machine and Dynamix Corporation (Nasdaq: ETHM) mutually terminated their July 21, 2025, SPAC merger on April 8, 2026.
Dynamix will receive a $50 million cash payment within 15 days under the Termination Agreement’s exit terms.
The Ether Reserve LLC holds roughly 496,712 ETH and continues operating privately with no new listing plans announced.
Dynamix Corporation ETHM Merger Terminated
The companies announced the end of their Business Combination Agreement, originally signed July 21, 2025, through a Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission (SEC). The Ether Machine confirmed the termination on April 11 via its official X account, directing followers to the SEC filing for details.
Under the Termination Agreement, the unnamed Payor is required to deliver $50 million to Dynamix within 15 days of the effective date on April 8. All parties executed broad mutual releases covering both known and unknown claims tied to the transaction.
'Unfavorable Market Conditions' — Ether Machine Terminates SPAC Merger With Dynamix Corporation
According to strategicethreserve.xyz stats, The Ether Machine holds 496,712 ETH.
The agreement also includes a covenant not to sue and mutual non-disparagement provisions. On the indemnification side, the Payor agreed to protect Dynamix, sponsor DynamixCore Holdings LLC, and affiliated parties from losses stemming from claims brought by certain ETHM investors.
Dynamix, in turn, agreed to indemnify The Ether Machine parties against claims from non-ETHM Dynamix shareholders. By virtue of the termination, all related subscription agreements and contribution agreements between the parties were also dissolved, according to their terms.
Dynamix, a Cayman Islands exempted company trading on Nasdaq under the ticker ETHM, has until Nov. 22, 2026, to complete a new initial business combination under its amended articles of association before it must redeem public shares and face potential liquidation.
At the time of the termination announcement, secondary market data placed Dynamix’s market capitalization at approximately $236.5 million.
The Ether Machine had positioned itself as an active Ethereum operating company, not a passive holding vehicle or spot exchange-traded fund (ETF). Its structure is centered on large-scale ETH accumulation, validator operations, staking, and yield strategies designed to compound holdings over time in ETH-denominated terms.
Andrew Keys, the company’s co-founder and chairman and an early ConsenSys executive, personally contributed approximately 169,984 ETH at the time the original deal was signed. That contribution alone was valued at hundreds of millions of dollars based on Coinbase VWAP pricing mechanics outlined in the agreement.
The planned merger had drawn institutional backing from firms including 10T Holdings, Electric Capital, and Pantera Capital. The company reported more than $800 million in committed institutional capital across prior rounds, with total commitments targeting some of the largest corporate Ethereum treasuries ever assembled for a public market vehicle.
As of early 2026, prior to the termination, The Ether Reserve LLC held approximately 496,712 ETH, valued at more than $1.1 billion at current prices. The company also reported generating more than 1,000 ETH in early yield from
its operational activities.$ETH
$BTC
$ETH
Dynamix will receive a $50 million cash payment within 15 days under the Termination Agreement’s exit terms.
The Ether Reserve LLC holds roughly 496,712 ETH and continues operating privately with no new listing plans announced.
Dynamix Corporation ETHM Merger Terminated
The companies announced the end of their Business Combination Agreement, originally signed July 21, 2025, through a Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission (SEC). The Ether Machine confirmed the termination on April 11 via its official X account, directing followers to the SEC filing for details.
Under the Termination Agreement, the unnamed Payor is required to deliver $50 million to Dynamix within 15 days of the effective date on April 8. All parties executed broad mutual releases covering both known and unknown claims tied to the transaction.
'Unfavorable Market Conditions' — Ether Machine Terminates SPAC Merger With Dynamix Corporation
According to strategicethreserve.xyz stats, The Ether Machine holds 496,712 ETH.
The agreement also includes a covenant not to sue and mutual non-disparagement provisions. On the indemnification side, the Payor agreed to protect Dynamix, sponsor DynamixCore Holdings LLC, and affiliated parties from losses stemming from claims brought by certain ETHM investors.
Dynamix, in turn, agreed to indemnify The Ether Machine parties against claims from non-ETHM Dynamix shareholders. By virtue of the termination, all related subscription agreements and contribution agreements between the parties were also dissolved, according to their terms.
Dynamix, a Cayman Islands exempted company trading on Nasdaq under the ticker ETHM, has until Nov. 22, 2026, to complete a new initial business combination under its amended articles of association before it must redeem public shares and face potential liquidation.
At the time of the termination announcement, secondary market data placed Dynamix’s market capitalization at approximately $236.5 million.
The Ether Machine had positioned itself as an active Ethereum operating company, not a passive holding vehicle or spot exchange-traded fund (ETF). Its structure is centered on large-scale ETH accumulation, validator operations, staking, and yield strategies designed to compound holdings over time in ETH-denominated terms.
Andrew Keys, the company’s co-founder and chairman and an early ConsenSys executive, personally contributed approximately 169,984 ETH at the time the original deal was signed. That contribution alone was valued at hundreds of millions of dollars based on Coinbase VWAP pricing mechanics outlined in the agreement.
The planned merger had drawn institutional backing from firms including 10T Holdings, Electric Capital, and Pantera Capital. The company reported more than $800 million in committed institutional capital across prior rounds, with total commitments targeting some of the largest corporate Ethereum treasuries ever assembled for a public market vehicle.
As of early 2026, prior to the termination, The Ether Reserve LLC held approximately 496,712 ETH, valued at more than $1.1 billion at current prices. The company also reported generating more than 1,000 ETH in early yield from
its operational activities.$ETH
$BTC
$ETH
12
19
Log in to explore more content
Join global crypto users on Binance Square
⚡️ Get latest and useful information about crypto.
💬 Trusted by the world’s largest crypto exchange.
👍 Discover real insights from verified creators.
Email / Phone number
Trending Topics
AppleDebutsFoldablePhone
18,090 views
368 Discussing
Apple just dropped the foldable iPhone — and the market is paying attention. This isn't just another product cycle; it's a new product category, a new CEO on stage, and a $1,999 price tag that pushes $AAPL further into ultra-premium territory. Foldables are the narrative, and Apple is now the headline.
#appledebutsfoldablephone #EUExtendsCentralContactPointToCASPs #US10YTreasuryYieldHitsHighestSinceNov2023 #BrentCrudeTops$100 #USTreasuryToBuyBackUpTo$6BLongDatedDebt
KimHotbae
·1 Likes
·1.8k views
IranSaysReadyToEscalateWarWithUS
35 views
7 Discussing
EUExtendsCentralContactPointToCASPs
3,360 views
112 Discussing