News

Jinse Finance reported that Nasdaq-listed Ethereum treasury company ETHZilla Corporation has announced the acquisition of a 20% fully diluted stake in Karus, an AI platform for automotive finance decision-making and portfolio analysis. The transaction counterparties are $3 million in cash and $7 million worth of ETHZilla common stock. After the transaction is completed, ETHZilla may explore businesses such as tokenized auto loans.

Jinse Finance reported that New York-based digital asset investment firm Parataxis Holdings has announced an agreement to acquire a majority stake in Korean data security company Sinsiway for 40 billion KRW (approximately $27.3 million), with plans to transform it into a publicly listed Ethereum reserve company. If approved by Sinsiway shareholders in January 2026, the company will be renamed Parataxis ETH, Inc. and retain its listed status, making it the first Ethereum-focused reserve platform in Korea supported by U.S. institutional capital. This move is part of Parataxis' strategy to bring digital assets to public markets, following the launch of Parataxis Korea, which focuses on Bitcoin reserves. The Ethereum-focused entity will center its strategy on holding Ethereum, bridging traditional finance and on-chain assets.