The GENIUS Act has accelerated institutional adoption of Ether and Ethereum-based yield strategies, catalyzing the formation of Ether Machine – a $1.5 billion financial vehicle. The fund merges The Ether Reserve with Nasdaq-listed Dynamix Corp to manage over 400,000 ETH.
Co-founded by Andrew Keys and David Merin, Ether Machine offers public market exposure through its ‘ETHM’ ticker, combining Ether holdings with yield generation opportunities across Ethereum’s ecosystem. This structure allows investors to access Ethereum network benefits without direct asset management complexities.
Chainlink co-founder Sergey Nazarov highlighted blockchain technology’s potential to streamline compliance processes, noting automated AML and KYC tools could significantly reduce operational costs in traditional finance.
Persistent security issues continue plaguing the sector, with Hacken reporting over $3.1 billion lost to crypto vulnerabilities this year. Smart-contract flaws and outdated codebases constituted nearly 60% of total losses.
Following a $44 million security breach, Indian exchange CoinDCX launched a white hat bounty program offering up to 25% of recovered assets for information leading to perpetrator identification and fund recovery.