Following the acquisition, Lolli's platform will be integrated within Thesis's broader ecosystem, which also includes Mezo.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
CoinFlip is the second-largest operator of cryptocurrency ATMs with a total of 5,600 locations worldwide.
The acquisition helps Robinhood expand outside the U.S., accessing Bitstamp's customers across the EU, UK, and Asia.
The acquisition specifically focuses on seed phrase management, though the value of the deal was not disclosed.
HeyMint removes the technical expertise needed to create an NFT collection and to grow a community.
The $179 million offer by Robinhood Markets represents a 71% premium to WonderFi's 30-day average share price.
The acquisition coincides with Mountain Protocol’s decision to sunset USDM, which has seen its supply constrict to $50 million.
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 $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.
Through the acquisition, Scam Alert will become a standalone, non-commercial entity within Crystal Intelligence.
Binance plans to launch the reward-bearing margin asset LDUSDT for its futures platform and the former Ethereum developer Virgil Griffith gets out of prison on parole.
The move signals Magic Eden's push beyond NFTs and into broader token trading — aiming to compete directly with centralized exchanges.
The SEC intends to host a round table with Coinbase and other crypto legal rivals, and Ripple plans to acquire Hidden Road for $1.25 billion.
Ripple CEO Brad Garlinghouse claims that the crypto industry is "at an inflection point for the next phase of digital asset adoption."
Republic will fold INX into its operations to bolster its blockchain investment services.
Coinbase is reportedly in advanced talks to acquire Deribit, Kraken is set to acquire NinjaTrader and Robinhood is integrating Bitstamp.
The deal is designed to accelerate Kraken’s multi-asset-class ambitions — including plans for equities trading and payments.
The acquisition is comparable to Stripe's acquisition of stablecoin platform Bridge, and MoonPay's financial services will now include enterprise-grade stablecoin offerings.
BitMEX employed the independent investment bank Broadhaven Capital Partners to facilitate the sale.