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Some surprising news from the crypto market. Ether Machine canceled its plans to list on Nasdaq and the Ethereum fund worth $1.5 billion after the merger deal with Dynamix collapsed. They were ready to manage over 400,000 Ethereum, but now everyone has stopped.
The strange thing is they are required to pay $50 million within 15 days. Dynamix is now looking for a new merger deal before the end of November 2026. It seems the market is putting pressure on all traditional Ethereum strategies. Even Trend Research sold 651,000 Ethereum and lost $747 million, and ETHZilla completely changed its direction.
This indicates that big companies are backing away from large treasury models. Is this a bit concerning for the market?