An Ethereum treasury firm has agreed to go public in a blank-check company merger backed by more than $1.5 billion of crypto and stock financing, joining the rush of digital assets heading to public markets.

Ethereum (ETH) is again at the forefront of market talk, with 2025 poised to be the year of a record for the world’s second-largest cryptocurrency. While analysts dissect Ethereum’s price moves, with upgrades to its scaling technology and shifting macro sentiment,