The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Earlier today, Coinbase agreed to acquire crypto derivatives exchange Deribit in a record $2.9 billion deal.
The deal consists of $700 million in cash and 11 million shares of Coinbase Class A common stock, the crypto exchange giant confimed.
Core Scientific saw net income spike to $580.7 million in Q1 2025, more than doubling its $210.7 million profit during the same period in 2024.
Strive Asset Management has agreed to merge with Asset Entities Inc., setting the stage for a bold transition into a Bitcoin-focused treasury company. According to a May 7 statement, the deal will see the combined firm operate under the Strive name and continue trading on NASDAQ. The firm said the move would create the first […]
The post Vivek Ramaswamy’s Strive makes bold move as first NASDAQ-listed asset manager with a Bitcoin treasury appeared first on CryptoSlate.
The "reverse merger" will allow investors to exchange their bitcoin for equity, a “tax-free” transaction under Section 351 of the U.S. tax code.
Gemini operates as a New York Trust Company, which appeals to institutional investors seeking compliance and security.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The crypto credit sector is about half as big as it was at its height in late 2021 though it has begun to bounce back.
Following its latest $900 million funding round, Anysphere's valuation has surged to $9 billion, according to the FT.
The $25 million Series A round was led by New Form Capital, with participation from Joint Effects, Tribe Capital and Ripple, among others.
House Republicans unveil discussion draft of crypto legislation bill, and DeFi Development Corp plans to acquire a Solana validator business for $3.5 million.
The SOL validator business held an average delegated solana stake of about 500,000 SOL, worth around $75.5 million at the time of writing.
Bernstein said publicly traded companies would increasingly buy bitcoin for their balance sheets amid regulation changes.
Bittensor's TAO token has gained about 60% in the past month. Why is crypto suddenly paying closer attention?
Wintermute accounted for 11% of Robinhood's transaction-based revenues in Q1 while B2C2 accounted for 12%, the same as Citadel.
Kraken recently made strategic investments in startups that will allow it to grow the derivatives side of its business.
Through the acquisition, Scam Alert will become a standalone, non-commercial entity within Crystal Intelligence.
Ripple has proposed a takeover of Circle, offering between $4 billion and $5 billion to acquire the stablecoin issuer, Bloomberg News reported on April 30, citing sources familiar with the matter. Circle rejected the bid because it was too low, and no final decision has been made on whether Ripple will submit another offer. The […]
The post Ripple’s reported $5 billion offer for Circle rejected as too low appeared first on CryptoSlate.
Circle's USDC stablecoin, which is pegged to the U.S. dollar, is the world's second largest stablecoin by supply.
"The timing is right: infrastructure, talent, and user behavior are finally aligned," Re7 Capital's Luc de Leyritz told The Block.
Lebul's deal with James Howells will span the docuseries "The Buried Bitcoin," a podcast and "social-first storytelling."
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
Camp Network enables users to register intellectual property onchain using a bespoke “proof of provenance” consensus mechanism.
The Interchain Foundation has invested in Stride to support the development of a decentralized exchange on the Cosmos Hub.
Miden's seed round, structured as a SAFE with token warrants, was co-led by a16z crypto, 1kx and Hack VC, said Miden co-founder Azeem Khan.
Santori built Kraken's legal division and is an architect of the Simple Agreement for Future Tokens (SAFT) framework.
Global funds network Calastone taps Fireblocks to support a new tool enabling asset managers to tokenize any fund on its platform.
A shelf offering allows a company to register for a new securities issuance to offer equity and debt sales over time.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.