Crypto Sector Sees SPAC Merger Terminations and Government Bitcoin Movements
Crypto Sector Sees SPAC Merger Terminations and Government Bitcoin Movements
Bitwise has filed a second amendment for its Hyperliquid ETF and listed a Hyperliquid staking ETP on Deutsche Börse Xetra. Meanwhile, The Ether Machine and Dynamix mutually scrapped their SPAC merger, citing 'unfavorable market conditions', with The Ether Machine facing a $50 million payment to Dynamix. Separately, the U.S. government moved a quantity of Bitcoin, possibly linked to a steroid distribution conspiracy, from its substantial holdings, which include roughly 328,000 bitcoins worth over $22 billion.
The filing comes a day after Bitwise Europe listed a physically-backed Hyperliquid staking ETP on Deutsche Börse Xetra.
Under the Termination Agreement effective April 8, an unnamed "Payor" likely connected to The Ether Machine must pay Dynamix $50 million within 15 days.
The U.S. government currently holds roughly 328,000 bitcoins, worth more than $22 billion at current prices, among other crypto assets.