Coinbase Closes Deribit Buyout in $2.9B Power Move, Shaking Up Crypto Derivatives
Coinbase has officially taken over Deribit in a $2.9 billion mega-deal, combining forces to dominate the crypto derivatives arena.
Coinbase has officially taken over Deribit in a $2.9 billion mega-deal, combining forces to dominate the crypto derivatives arena.
Crypto derivatives faced $1 billion in liquidations following a higher-than-anticipated PPI report, which sent Bitcoin down 2%+ and revived concerns about the Fed’s rate-cut timeline.
Bitcoin’s record-breaking rally past $124,000 yesterday reflects runaway optimism for September rate cuts, yet underlying inflation trends suggest the climb could face turbulence.
Ethereum’s rally is far from over, according to Standard Chartered, which just hiked its year-end price target to $7,500 (from $4,000) and introduced a staggering $25,000 forecast for 2028.
Elon Musk’s aerospace company, SpaceX, now holds over $1 billion in Bitcoin as the cryptocurrency reaches new all-time highs.
As Sui network activity surges, Grayscale has unveiled two new single-asset trusts tied to ecosystem protocols DeepBook and Walrus (WAL).
The US Justice Department has secured a major victory in its crypto crackdown as Terraform Labs’ Do Kwon agrees to plead guilty to fraud charges.

"A purely peer-to-peer version of electronic cash would allow online
payments to be sent directly from one party to another without going through a
financial institution." - Satoshi Nakamoto (Bitcoin White Paper)
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