Category: Industry Insights
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Coinbase acquires Deribit in $2.9B deal after GPIF stake boost
Coinbase acquires Deribit for $2.9B after GPIF, the world’s largest pension fund, increases stake, marking a major crypto derivatives market consolidation in 2024.
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Vietnam Military Bank and Dunamu launch state-backed crypto exchange in 2023
Vietnam Military Bank and Dunamu launch Vietnam’s first state-backed crypto exchange, handling 500,000 transactions daily, with Bitcoin and Ethereum as primary assets.
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Arsenal FC secures $10 million Bitpanda crypto deal for 2025 Premier League season
Arsenal FC partners with Bitpanda for crypto integration before the 2025 Premier League season, marking a $10 million sponsorship deal involving fan tokens.
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Citigroup evaluates crypto custody and payments for 2024 expansion
Citigroup explores crypto custody and payments, joining JPMorgan and Goldman Sachs. The bank manages $2.3 trillion in assets globally.
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Google Chrome receives $35 billion offer amid AI browser market expansion
Google received a $35 billion offer for Chrome amid rising AI browser competition. Microsoft and OpenAI lead AI advancements, with Chrome holding 65% market share.
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KindlyMD & Nakamoto Officially Merge, Plans To Buy One Million BTC
KindlyMD and Nakamoto merged, announced plans to acquire 1 million BTC. The deal, finalized March 2024, involves $50 billion in assets.
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Stablecoins USDT and USDC to reach $1T payment volume by 2028
Stablecoins like USDT and USDC will process $1 trillion in payments by 2028, per a Circle and Tether market analysis, signaling rapid crypto adoption growth.
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Solana upgrade targets Ethereum scalability with 65,000 TPS goal
Solana’s upgrade aims to enhance scalability, targeting Ethereum’s congestion issues. SOL rises 15% post-announcement. Vitalik Buterin acknowledges competition. Transaction speeds may reach 65,000 TPS.
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Perplexity AI seeks $20B valuation in 2024 funding round post Chrome bid
Perplexity AI targets $20B valuation in latest funding round, following a bid for Chrome. Google and OpenAI remain key competitors in AI search.
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Mesh raises $130M to expand crypto payment infrastructure with Goldman Sachs backing
Mesh raised $130M to expand crypto payments, joining Stripe and PayPal in fintech growth. The funding round included investors like Goldman Sachs.
