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Currenc Group Inc. and Animoca Brands Corporation Limited have inked a non-binding term sheet for a reverse merger that could create the world’s first publicly listed digital asset conglomerate. Currenc Group, Animoca Brands Eye First Publicly Listed Digital Asset Conglomerate On Nov. 3, Currenc Group (Nasdaq: CURR) revealed plans to acquire all issued shares of … Read more
Coinbase Global Inc. is reportedly eyeing a $2 billion takeover of BVNK, a stablecoin infrastructure startup, in a move that could supercharge its bid to dominate crypto payments, “people familiar with the matter,” told Bloomberg. According to Bloomberg reporters Olga Kharif and Matthew Monks, Coinbase (Nasdaq: COIN) is in “late-stage” talks to acquire BVNK, pending … Read more
Mastercard is in late‑stage talks to acquire Zerohash for roughly $1.5–$2 billion, according to sources. Sources tell Fortune that Mastercard is negotiating to buy Chicago‑based Zerohash, a 2017‑founded stablecoin and blockchain infrastructure provider, in a deal valued between $1.5 billion and $2 billion; the discussions are reported to be late‑stage but could still fall through, … Read more
Crypto dealmaking has gone full Wall Street, topping $10 billion in the third quarter—a more than thirty-fold jump from a year ago, according to Bloomberg. Bloomberg’s Isabelle Lee and Suvashree Ghosh report the spike marks the first time crypto mergers and acquisitions (M&A) have crossed the $10 billion mark, signaling the sector’s shift from scrappy … Read more
Fireblocks, an enterprise platform that says it secures more than $4 trillion in digital-asset transfers annually, has acquired Dynamic, a developer platform that powers over 50 million onchain accounts used by firms including Kraken, Zerohash, Magic Eden, Lighter, and Ondo Finance. Fireblocks Acquisition of Dynamic Extends Reach Into Web3 Development Dynamic builds tools that allow … Read more
Draftkings Inc. has officially entered the regulated prediction markets arena with its Oct. 21 acquisition of Railbird Technologies Inc. and its subsidiary Railbird Exchange, LLC, expanding beyond its traditional sports betting, daily fantasy, and iGaming operations. Draftkings Expands Beyond Sports Betting With Railbird Deal Draftkings’ (Nasdaq: DKNG) move marks a strategic leap into a growing … Read more
Echo, a blockchain fundraising platform, has agreed to be acquired by Coinbase for roughly $375 million in cash and stock. Coinbase Boosts Onchain Fundraising With Echo Deal Coinbase Global (Nasdaq: COIN) has reached a deal to acquire Echo, a platform that enables crypto projects to raise capital directly onchain, for about $375 million, according to … Read more
Ripple, the digital asset infrastructure firm, announced the $1 billion acquisition of GTreasury, a global leader in treasury management systems, signaling a bold move into the corporate treasury sector. Ripple Snaps Up GTreasury to Bridge Blockchain and Corporate Finance According to Ripple’s Oct. 16 announcement, the acquisition gives the company access to the multi-trillion-dollar corporate … Read more
Kraken has acquired Small Exchange, a Commodity Futures Trading Commission (CFTC)-regulated Designated Contract Market, for $100 million, marking a major step in its plan to expand crypto derivatives offerings in the U.S. Small Exchange Deal Expands Kraken U.S. Derivatives Reach Kraken has taken another decisive step in its U.S. expansion by acquiring Small Exchange, a … Read more
Uniswap Labs just scooped up Guidestar, a stealth team of AMM tinkerers led by Alex Nezlobin, to turbocharge its research in market design and trade execution. From Stealth to Spotlight: Guidestar Becomes Part of Uniswap Labs Uniswap Labs announced on Monday that it has officially added Guidestar to its roster—a hush-hush team that’s been quietly … Read more