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Coinbase acquired Echo this week.But industry insiders expect more M&As to follow in the crypto space.A version of this article appeared in our The Roundup newsletter on October 24. Sign up here.Hi! Eric here. Coinbase buying early–stage crypto investing platform Echo for $375 million this week highlights two things: first, the competition is heating up. Second, the number of mergers and acquisitions in the space is about to skyrocket.That’s according to Wyatt Lonergan, general partner at VanEck Ventures, who told DL News that crypto startups no longer just compete within the “pretty small space” of digital assets firms, but now…

By Omkar Godbole (All times ET unless indicated otherwise)The crypto market is buoyant, with bitcoin BTC$111,174.86 climbing to $111,500 and the CoinDesk 20 (CD20) Index rising 2% to 3,667 points. Most major cryptocurrencies, including BNB, XRP, SOL, and ETH, traded higher after President Trump pardoned Binance founder Changpeng Zhao.Additionally, the White House confirmed a Trump-Xi meeting on the sidelines of the Korea summit early today.Timothy Misir, head of research at BRN, described the market bounce as constructive but fragile. “The positive ETF print into Bitcoin and Dolphin cohort accumulation provide a steadying base, yet long-term holder distribution and a record…

Early Warning Services, the parent company of payments platform Zelle, said on Friday that stablecoins will be integrated into Zelle to facilitate cross-border transactions for money flowing to and from the United States.Zelle launched in 2017 and already features near-instant payments between users that are integrated into the online banking services of many US banks. Early Warning Services said in Friday’s announcement:”We’re investing where consumer need, bank capability and global opportunity intersect.”The Zelle platform is collectively owned by the member banks that use the service, including, but not limited to, Wells Fargo, JP Morgan, Capital One and PNC.The announcement came…

Tether’s artificial intelligence (AI) research arm has unveiled QVAC Genesis I, the largest synthetic dataset ever created for AI training, comprising 41 billion text tokens. The dataset is designed to improve reasoning and precision in science and engineering-focused language models, with benchmarks showing strong performance across mathematics, physics, biology, and medicine, according to an emailed announcement on Friday.Alongside Genesis I, Tether unveiled QVAC Workbench, a local AI app enabling users to run, train, and interact with models directly on their own devices. The app supports leading open models, including Llama, Medgemma, Qwen, and Whisper, while keeping all data private and…

The combined value of gold and Bitcoin is approaching a historic level relative to the US M2 money supply.A top market analyst now suggests the upside potential for using these assets as hedges against dollar devaluation and inflation may be nearing its limit. Jurrien Timmer, Director of Global Macro at Fidelity, shared his analysis on X (formerly Twitter) on Friday.The End of the Easy Run?Because of their limited supply, gold and Bitcoin are widely regarded as premier inflation hedges. Data from CoinGecko shows both assets have rallied strongly this year—gold is up 54.83%, while Bitcoin has gained 12.98%.Sponsored SponsoredHowever, Timmer…

Tether’s artificial intelligence (AI) research arm has unveiled QVAC Genesis I, the largest synthetic dataset ever created for AI training, comprising 41 billion text tokens. The dataset is designed to improve reasoning and precision in science and engineering-focused language models, with benchmarks showing strong performance across mathematics, physics, biology, and medicine, according to an emailed announcement on Friday.Alongside Genesis I, Tether unveiled QVAC Workbench, a local AI app enabling users to run, train, and interact with models directly on their own devices. The app supports leading open models, including Llama, Medgemma, Qwen, and Whisper, while keeping all data private and…

As part of the deal, Hidden Road is now rebranded as Ripple Prime.XRP, the native token of Ripple’s payment network, jumped on Friday after Ripple said it had completed its acquisition of global prime broker Hidden Road, now rebranded as Ripple Prime.XRP is trading around $2.50, up about 5% on the day and 8% over the past seven days, after suffering losses most of last week amid a broader market downturn, according to The Defiant’s price page. It is currently the fifth-largest digital asset with a market capitalization of over $148 billion. XRP ChartRipple said Ripple Prime’s business has already…

Crypto.com is the latest crypto company to apply for a US National Trust Bank Charter, seeking federal approval to expand its custody and staking services nationwide.In a Friday announcement, the Singapore-based crypto exchange said it plans to provide federally regulated custody services for digital asset treasuries, exchange-traded funds (ETFs), and other institutional and corporate clients under the US banking framework overseen by the Office of the Comptroller of the Currency (OCC).A National Trust Bank Charter is a federal license from the OCC that lets a company operate as a limited-purpose trust bank. Instead of taking deposits or making loans, a…

Join Our Telegram channel to stay up to date on breaking news coverage The Sui price edged down a fraction of a percentage over the last 24 hours to trade at $2.46 as of 4:00 a.m. EST on trading volume that plunged 21% to $843 million. That’s even as 21Shares updated its Sui exchange-traded fund (ETF) application with the US Securities and Exchange Commission (SEC). The firm filed a second amended S-1 for its spot Sui ETF application after the market close on Oct. 23. The issuer updated its Sui ETF with crucial information, but there is no mention of…

In brief DraftKings acquired prediction market platform Railbird but will focus on states without legal sports betting to avoid jeopardizing its existing gambling licenses. Bitcoin mining rig maker Canaan received a $4 price target from Benchmark analysts after a dramatic turnaround from near-delisting at $1, with shares up 18% for the week. Payments processor Zelle will begin using stablecoins for cross-border transactions, marking a significant adoption move by a platform owned by seven major U.S. banks. Public keys is a weekly roundup from Decrypt that tracks the key publicly traded crypto companies. This week: DraftKings officially enters the prediction market…