ETHZilla moves into onchain housing finance with 15% Zippy acquisition

cointelegraphPublicado a 2025-12-10Actualizado a 2025-12-10

Resumen

ETHZilla (ETHZ) has acquired a 15% stake in digital housing lender Zippy for $5 million in cash and $16.1 million in stock, marking its second acquisition in a week as part of a broader move into real-world asset (RWA) markets. The partnership aims to integrate Zippy’s loan-origination and AI-powered systems with ETHZilla’s tokenization platform to bring manufactured-home loans onchain. As part of the deal, ETHZilla gains a board seat and a 36-month exclusivity agreement with Zippy. Despite this expansion, ETHZilla’s stock has declined roughly 10% following the announcement, continuing a downward trend seen across several Ether treasury companies amid falling ETH prices.

Former biotech company ETHZilla (ETHZ) is doubling down on its push into real-world asset markets, taking a 15% stake in digital housing lender Zippy to bring manufactured-home loans onchain. The deal marks the company’s second acquisition in a week.

According to Wednesday’s announcement, ETHZilla will pay $5 million in cash and $16.1 million in stock for a 15% stake in Zippy, a US-based lender founded in 2021 that originates manufactured-home loans through a digital platform.

The companies plan to link Zippy’s loan-origination and AI-powered systems with ETHZilla’s tokenization stack for onchain distribution of manufactured-home chattel loans, including potential forward-flow sales to institutional investors.

As part of the transaction, ETHZilla will gain a board seat at Zippy and secure a 36-month exclusivity period requiring Zippy to conduct all blockchain infrastructure, digital asset issuance and tokenization through ETHZilla’s platforms.

ETHZilla, the sixth-largest Ether (ETH) treasury company according to CoinGecko data, said the investment builds on its broader push into real-world asset (RWA) markets.

Top Ethereum treasury companies. Source: CoinGecko

The announcement comes one week after ETHZilla acquired a 20% fully diluted stake in auto-finance startup Karus for $10 million in cash and stock.

ETHZilla’s stock price was down around 10% at the time of writing, according to Yahoo Finance data.

Source: Yahoo Finance

Related: Ethereum rising to $3.3K proves bottom is in: Is 100% ETH rally next?

Ether treasury stocks face steep declines

Several public companies that adopted Ether as a balance-sheet asset this year have seen sharp share-price reversals as the token price has fallen from its peak, ETHZilla among them.

ETHZilla, formerly 180 Life Sciences Corp, announced its pivot to an Ether treasury company on July 29. Its stock climbed from a $45 open that day to a $107 close by Aug. 13. However, the stock has declined roughly 91% since then, trading around $10 at this writing.

SharpLink Gaming launched an Ethereum treasury strategy in May, alongside a $425 million private placement that included Consensys as an investor and coincided with the nomination of Ethereum co-founder Joseph Lubin as chairman.

The company’s stock climbed more than 130% on the news to $79.21 on May 29, but has since dropped sharply to trade around $11.77 on Wednesday, according to Yahoo Finance data.

Source: Yahoo Finance

Bitmine Immersion, an Ether treasury company led by Fundstrat’s co-founder Tom Lee, has also struggled in recent months. Its stock hit an all-time high of $135 in July, but has since fallen to around $40 at this writing.

Source: Yahoo Finance

In August, Komodo Platform chief technology officer Kadan Stadelmann told Cointelegraph that companies adopting ETH treasury strategies face structural risks, and warned that a downturn in the market could force liquidations and amplify selling pressure on the token.

Ether has fallen since its all-time high of $4,946.05 on Aug. 24 and now trades at $3,365, according to CoinGecko data.

Magazine: Meet the onchain crypto detectives fighting crime better than the cops



Lecturas Relacionadas

How Does Codex Use a Computer? Three Entry Points and Permission Boundaries

This article explains the three primary methods for Codex to interact with a computer, each with distinct use cases, permission boundaries, and trust levels. **1. Computer Use:** This offers the broadest access, allowing Codex to visually control and interact with the graphical user interface of authorized macOS/Windows apps, system settings, and even iOS simulators. It's ideal for tasks lacking APIs or structured tools, such as operating legacy software or multi-app workflows. However, it's the slowest method and has the widest permission scope, requiring careful supervision for sensitive actions. **2. Chrome Extension:** This grants Codex access to the user's logged-in Chrome browser state, including cookies, profiles, and open tabs. It's best for tasks requiring user identity across websites like Gmail, LinkedIn, Salesforce, or internal dashboards. Its key advantage is multi-tab control for complex workflows. While more powerful for browser-based tasks than Computer Use, it carries higher sensitivity as actions are performed under the user's identity. **3. In-App Browser:** This is a browser isolated within the Codex thread, separate from the user's personal browsing data. It excels in web development and debugging scenarios—previewing local servers, testing responsive layouts, or annotating designs directly on the page. Its isolation is a strength for development but a limitation for tasks requiring login sessions. The core principle is to choose the narrowest, safest, and most structured interface for the task. Use plugins or MCPs first, resort to visual control (Computer Use) only for GUI-dependent tasks, employ the Chrome extension for identity-reliant browser work, and prefer the In-App Browser for isolated development. **Appshots** are clarified as a fourth, complementary tool for *inputting* context—capturing a screenshot of a window to point Codex to something—rather than a method for Codex to *act*. Together, this layered approach highlights a key to AI agent productization: not granting unlimited permissions, but constraining them within clear boundaries for specific tasks while preserving user oversight.

marsbitHace 29 min(s)

How Does Codex Use a Computer? Three Entry Points and Permission Boundaries

marsbitHace 29 min(s)

The "Iron Rule" of Chip Equipment Is Being Broken

For years, the semiconductor equipment industry followed an unwritten "iron rule": suppliers offered steep discounts for new tool introductions (Design-in) and faced consistent price pressure during repeat orders, especially during market downturns. This long-standing buyer's market dynamic is now being upended. Recently, SK Hynix's primary equipment suppliers have reportedly requested a 3-4% price *increase*, a nearly unprecedented move. This shift is driven by a severe supply-demand imbalance fueled by the AI compute boom. Securing equipment has become an urgent arms race as chipmakers' expansion speed dictates their ability to fulfill massive AI chip orders. Key areas feeling the strain include: **TCB (Thermal Compression Bonding) Equipment:** Demand is exploding, driven by the simultaneous needs of HBM4 memory stacking, AI chip Chip-on-Substrate (C2S), and logic Chiplet Chip-on-Wafer (C2W) packaging. Players like Hanmi Semiconductor, Hanwha Semitech, and ASMPT are receiving major orders. While hybrid bonding is seen as the future, TCB remains the pragmatic choice for HBM4 mass production, with its lifecycle extended by relaxed specifications and ongoing technological upgrades. **Test Equipment Bottlenecks:** Ironically, AI-driven shortages are now crippling test equipment manufacturing. Critical components like FPGAs, Driver ICs, and CPUs face severe shortages and extended lead times (up to 52 weeks for FPGAs), as AI data center and server vendors prioritize supply. This creates a paradoxical cycle: AI chip shortages drive fab expansion, which requires more test equipment, whose production is delayed because its key parts are diverted to make AI chips. The industry is entering a broad, AI-powered upcycle. SEMI forecasts global semiconductor equipment sales to hit a record $156 billion by 2027, fueled by investment in advanced logic/foundry, HBM-driven DRAM, and advanced packaging (like CoWoS). Major players like TSMC, SK Hynix, and Micron are aggressively ramping capital expenditure. In conclusion, leading equipment vendors are no longer just selling tools; they are selling the critical capability to deliver AI-era capacity. Pricing power is shifting decisively to those with indispensable technology in key process nodes like advanced logic, HBM, and advanced packaging, rewriting the industry's traditional power structure.

marsbitHace 42 min(s)

The "Iron Rule" of Chip Equipment Is Being Broken

marsbitHace 42 min(s)

Trading

Spot
Futuros
活动图片