Latest news with #Keys
CNBC
a day ago
- Business
- CNBC
This crypto treasury firm is vying to be the MicroStrategy of ether–but with a focus on generating yield
The latest crypto treasury company is set to hit the public market with an ambitious plan to build the largest public vehicle for institutional exposure to ether. The Ether Machine will begin trading on the Nasdaq Monday under the ticker ETHM, once a merger with blank check company Dynamix Corporation is complete. Andrew Keys, the co-founder and chairman of the new company, has committed about $645 million in an anchor investment. The entity is backed by crypto investors 10T Holdings, Electric Capital, Pantera Capital and more. The company is the latest in an emerging cohort of new entities vying to become the MicroStrategy of Ethereum by replicating the bitcoin proxy's successful accumulation strategy, but around ether, the second largest cryptocurrency by market cap, rather than bitcoin. Keys' company plans to differentiate with a focus on yield generation through "staking" rather than simply buying and holding the ether. Staking is a mechanism for generating yield by contributing to network operations around security and transaction processing. By purchasing ether from a crypto exchange or buying shares of an ether ETF, investors would get exposure to the coin's price, "but without access to the dividend," Keys explained. "Ether produces yield if it's properly managed," he told CNBC's "Squawk Box" Monday. "The ETFs right now don't generate yield because they don't enable staking … we're able to enable staking and we're able to do other additional risk management on top of that." On Thursday, BlackRock filed with the SEC to include staking to its popular ETHA ether ETF, which just logged a record week of inflows. The ability to stake makes ether a "more productive" asset than bitcoin, according to Keys. The Bitcoin network "has one asset on it, bitcoin, that can be moved from peer to peer, but Ethereum can tokenize any asset," Keys said. It's "able to embed any type of digital asset – a bar of gold, a barrel of oil, a stock, a bond, a derivative – into digital legal agreements, and in doing so, you're able to expedite the velocity of money. You can have employment contracts that get paid by the minute, as an example." Shares of Dynamix jumped 30% in premarket trading. The Ether Machine follows Bitmine Immersion Technologies – the company newly chaired by Fundstrat's Tom Lee and more recently backed by Peter Thiel – in its ether treasury ambitions. Pantera was also a backer of Bitmine. Also this year, SharpLink Gaming, whose board is chaired by Ethereum co-founder Joe Lubin, also initiated an ETH treasury strategy; and Bit Digital recently exited bitcoin mining to focus on its ETH treasury and staking plans. Ether has taken the spotlight in crypto from bitcoin in recent months as investors anticipated the stablecoin bill known as the GENIUS Act would be signed into the first major U.S. crypto law, which President Trump did Friday. The regulatory clarity should benefit institutions and brands becoming more interested in tokenization, which includes stablecoins, most of which are issued on the Ethereum network. Ether has doubled in the last three months and last week, ether ETFs posted a record $2.18 billion in weekly inflows.
USA Today
2 days ago
- Sport
- USA Today
LSU football wide receiver commit remains top ranked pass catcher in new rankings
LSU wide receiver commit Tristen Keys was named the best at his position in the initial Rivals300 rankings for the 2026 recruiting class. Keys, the only five-star prospect on the list, leads a top five of uncommitted Jase Mathews, Clemson's Naeem Burroughs, Alabama's Cederian Morgan, and Oregon's Messiah Hampton. There are four committed to play at SEC schools in the top 10. Keys committed to LSU in March. The Hattiesburg, MS native is the top recruit out of Mississippi and No. 7 overall, per RIvals' Industry Rankings. He chose the Tigers over Ole Miss, USC, and Alabama. While he took other official visits following his commitment, Keys stuck with LSU since his initial announcement. He is one of three wide receivers in the Tigers' 2026 class, in addition to Kenny Darby and Jabari Mack. LSU ranks eighth nationally and fifth in the SEC for the 2026 cycle, per Rivals' Industry Rankings. Here are the top 10 wide receivers in the Rivals300 rankings.
Yahoo
6 days ago
- Business
- Yahoo
How A $32 Grouper Sandwich In Florida Almost Became The Statewide Poster Child For Inflation
The price of Florida's unofficial lunch, the grouper fish sandwich, has become a talking point after Governor Ron DeSantis publicly used a $32 menu price at a popular restaurant to illustrate the impact of inflation. The governor's remarks set off a ripple of local debate, with some residents and visitors expressing surprise at the cost, while others, including industry workers, see high prices as an ongoing reality for anyone who eats local seafood. In coastal communities from Jacksonville to the Keys, the grouper sandwich has never been a bargain option. Today, a sandwich made with fresh, wild-caught grouper typically ranges from $18 to $35. While it is true that some spots charge less, prices remain well above those for farmed or frozen fish sandwiches, and as with any restaurant menu item, the higher price points are typically found at more upscale restaurants. The cost of this sandwich reflects a tangled net of factors, with rising cost rippling outward from managing fish populations and supporting local fisheries to the practical obstacles of bringing a fresh, wild catch from ocean to easy to focus on sticker shock, but it is important to recognize what diners are actually getting: A substantial piece of wild-caught and regulated seafood. As DeSantis noticed, inflation means rising costs, from ingredients and kitchen gear to air conditioning and labor. All of these add to the cost of every sandwich served, so there's just no way to net a bargain-basement price on real Florida grouper. Read more: 10 Ingredients With Way More Protein Than You Realize No Free Lunch: The Real Costs Of Reeling In Grouper Understanding the true cost of a grouper sandwich requires looking deeper into the economic and ecological reality of fishing in Florida's waters today. Wild-caught grouper can't be mass-produced to lower costs or boost supply, and local fishermen face unpredictable work, tough weather, and strict rules designed to keep fish stocks sustainable. Quick transport and careful handling is essential to make sure the fish is still fresh by the time it reaches the restaurant. Grouper is a slow-growing, bottom-dwelling fish most often caught on offshore reefs. Strict regulations of Florida's fishing grounds mean that each grouper brought to market represents a significant investment of time, equipment, and quota shares. High demand, limited supply, and the costs of fuel, permits, and labor all add up, making local grouper, like many local vs. commercially produced foods, a premium product compared to frozen imports or fish sourced from less regulated waters. Keeping grouper on the menu at all is a balancing act. Current regulations are designed to protect wild populations and help them survive as ocean conditions shift. Since the 1950s, sea levels in South Florida have risen more than eight inches, and scientists point to warming trends that threaten the entire ecosystem. For coastal communities who depend on local fishing, the price of a sandwich now mirrors both economic pressures and the growing uncertainties of a rapidly changing environment. High Stakes, High Tides In some ways, the attention to price distracts from more substantive questions about what Floridians want from their local food system. Lower prices are possible if restaurants use imported or farmed fish instead of locally caught seafood, but that tradeoff affects flavor, quality, and the future of the region's independent fisheries. The debate also overlooks the reality that nearly all wild-caught seafood, especially species as tightly regulated as grouper, will always come at a premium. Rather than a simple sign of economic trouble, the grouper sandwich's price may be an indicator of careful stewardship, community investment, and the high value placed on authentic local ingredients. Supporting local seafood keeps jobs and skills in the state and helps preserve Florida's culinary heritage. As with so many Florida traditions, the real story is found in the details, not just the headlines. There is no endless, perpetually renewing supply waiting offshore; the choices Floridians make now will shape the future of their coastlines and the entrees at their restaurants. Wild-caught grouper is a connection to Florida's ecology and local history. The true cost of a grouper sandwich is a reflection of the work, care, and restraint required to keep something special on the menu, even as the tides keep changing. Read the original article on Tasting Table. Solve the daily Crossword
NZ Herald
6 days ago
- Business
- NZ Herald
On The Up: Northland mobile AED business named The Pick 2025 winner
Nearly 70 entrepreneurs with new businesses or business ideas signed up to this year's The Pick, taking part in an eight-week journey learning how to refine their ideas and take them to market. From there, 28 businesses entered the competition and six finalists were chosen to pitch their concepts in a Dragon's Den-style finals night on July 10. McInnes said Keys ticked all the boxes with MAED Innovations: a smartphone-integrated AED with the potential to save lives both in New Zealand and internationally. The first runner-up was awarded to Shane Stewart of Stewart Piping for his innovative bagpipe chanter. Second runner-up was awarded to Helen Horrocks of Girls Got Game, a coaching programme to encourage female confidence in boating. Frank Manifold also received a Highly Commended award for his natural anti-fouling system for watercraft. Keys said joining The Pick not only helped her learn more about running a business but has given her many opportunities for MEAD Innovations. The Pick 2025 finalists were Frank Manifold, Shane Stewart, winner Georgia Keys, Helen Horrocks, Jess and David Croft, and Jodeci Jusharna, with facilitator Tania McInnes. The Paihia mother-of-five is a first responder with Hato Hone St John and was inspired to buy an AED after attending an incident where a young woman died from cardiac arrest. However, when Keys started researching, she found AEDs cost thousands of dollars, putting them out of reach for most people. She designed a mobile AED device, no bigger than a power bank, to cost around $400 to $500. The first prototype is now being developed by the University of Canterbury. 'The whole point is to create a device that everyone can afford to have in their vehicles,' she said. Keys said she is now seeking investors and hopes to sell MEAD to 5% of all smartphone users in New Zealand, Australia and the US. Potential investors can contact her on for more information. Her prize package from The Pick includes growth adviser support from Northland Inc, registration of her business with New Zealand Companies Office and other sponsorship. This year's The Pick was delivered in partnership with NorthChamber, MSD and Whāriki - Māori Business Network Aotearoa, with more than 60% of participants identifying as Māori. The Pick 2025 Pitch Night on July 10 was held at Whangārei District Council's Te Iwitahi building and attended by more than 70 people. Denise Piper is a news reporter for the Northern Advocate, focusing on health and business. She has more than 20 years in journalism and is passionate about covering stories that make a difference.
USA Today
13-07-2025
- Sport
- USA Today
Here's every five star prospect committed to LSU football in class of 2026
LSU football's 2026 recruiting class is on track to be the best of the Brian Kelly era at LSU. It combines home-grown talent and top prospects from around the region. The class is headlined by four players who are considered five-star recruits by at least one of the major recruiting services. Wide receiver Tristen Keys and defensive lineman Lamar Brown are both consensus five-stars. Richard Anderson and Trenton Henderson round out the elite bunch. Brown is the most recent pledge, announcing his decision from University Lab's gym, then shutting down his recruitment with a post on social media. Henderson made his announcement on June 2. Keys is yet to waver from his decision in March and while Anderson has been committed for over a year. LSU's 2026 class ranks sixth nationally and fourth in the SEC. The cycle won't end until all recruits put pen to paper ahead of enrolling in January 2026, but Tiger fans should feel great about these four recruits as well as the rest of the class. Over half of the class hails from Louisiana, meaning they'll be less likely to change their decisions. Wide receiver Tristen Keys Keys was one of the first verbal commitments for LSU's 2026 class. 247Sports and Rivals rank him as the top player out of Mississippi and at wide receiver. Both sites rank Keys as a top-five overall prospect. Despite keeping his options open and taking official visits to Miami and Texas A&M over the summer, Keys appears firm in his pledge to LSU. At six-foot-two and 185 pounds, Keys caught 58 passes for 1,275 yards and 14 touchdowns as a junior. Scouts note his ability to gain significant yardage after contact and his ball-tracking ability in the air. Defensive lineman Richard Anderson A New Orleans native, Anderson made the decision last June to stay in his home state. After his senior year at Edna Karr, the 6-foot-3, 250-pounder will join a retooled defense upon enrolling in Jan. 2026. His frame gives him a great chance to make an immediate impact. On3's Industry Rankings are the highest on Anderson, slotting him as Louisiana's No. 2 prospect and the best defensive lineman in the cycle. The outlet puts him at No. 26 overall. Defensive end Trenton Henderson 247Sports is the highest on Henderson, giving him a five-star designation and slotting him at No. 4 among edge rushers in the cycle. He is also the No. 5 player out of Florida. Henderson plays linebacker in high school, but his six-foot-four frame and ability to get after quarterbacks on the edge make him a defensive end in college. Henderson chose LSU in a July 2 announcement. The Pensacola, FL native was the first of two edges to commit to the Tigers over the last week, as fellow Florida native DeAnthony Lafayette followed him. Defensive lineman Lamar Brown The crown jewel of LSU's 2026 recruiting class, Brown is Louisiana's top prospect across all recruiting outlets and ranks in the national top five. Kelly's staff couldn't let him escape from their backyard. Now he's locked into representing his home city. Brown is currently listed as an athlete, but he intends to focus on the defensive line in college. He'll likely finish as the top-ranked defensive tackle in the class and one of the top-ranked prospects in Louisiana high school history.
