mergers and acquisitions
Ripple Acquires Crypto-Focused Chartered Trust Company Fortress Trust
A person with knowledge of the matter said the price tag was less than the $250 million it paid for custody firm Metaco in May.
FTX Pauses Sale of $500M Stake in AI Firm Anthropic: Bloomberg
The move followed months of due diligence on the stake being done by the bidders, according to Bloomberg’s sources.
Investment Firm Republic Buys Stake in Crypto Broker-Dealer INX at $50M Valuation
Republic will acquire around a 9.5% stake in INX following the initial investment, with a commitment to acquire of 100% of equity at a valuation of $120 million as early as Q3 this year
Ripple Buys Crypto Custody Firm Metaco for $250M
Metaco will continue to operate as an independent business unit led by CEO and founder Adrien Treccani.
Valuations and M&A Show Things Aren’t So Bad for Crypto
Two aspects of the crypto world, blockchain tech companies and exchanges and crypto miners, reveal that M&A activity is strong and that crypto-related companies have converged with the rest of tech, a sign that the digital-asset industry is maturing.
DeFi Stablecoin Exchange mStable Expects 4 Buyout Bids: Source
“We've been working for four weeks actively trying to pursue a M&A route,” protocol’s strategy lead says.
Canadian Crypto Exchanges Coinsquare, WonderFi in Advanced Talks to Merge: Bloomberg
The combination would create the country’s largest cryptocurrency exchange.
Crypto Exchange Zipmex Asks for Creditor Protection Extension With Takeover Talks 'Ongoing'
A deal may be reached as early as next week, according to a person familiar with the matter.
Startup Arkon Energy Raises $28M to Further Expand Into Bitcoin Mining
The Australian company also bought Hydrokraft AS, a renewable energy-based data center in Norway with up to 60MW of power capacity.
Online Investing Platform BnkToTheFuture Drops Plan to Acquire Crypto Lender Salt Lending Due to FTX Exposure
Salt Lending said it had halted all deposits and withdrawals on its platform.
