Coinbase and stablecoin startup BVNK have reportedly ended their discussions on a monumental $2 billion acquisition deal. This deal would have significantly bolstered Coinbase’s institutional stablecoin offerings. While the decision was mutual, the reasons behind the cancellation remain unclear.
As the U.S. government shutdown is expected to conclude this week, the Senate Agriculture Committee is gearing up for a crucial hearing. This hearing is regarding President Trump’s nominee for the Commodity Futures Trading Commission (CFTC). Michael Selig, currently the chief counsel for the crypto task force at the SEC, will face senators next week as they consider his nomination.
Despite recent market corrections, institutional investors are showing resilience and confidence in digital assets. A report from Swiss crypto banking giant Signum reveals that over 61% of institutions plan to increase their cryptocurrency investments in the coming months. Additionally, 55% of them are maintaining a bullish short-term outlook. PrizePix is making waves by partnering with PolyMarket to venture into the prediction market space. They are integrating event contracts into their app for a broader range of user engagement. Jane King has the latest from the NYSE.