Coinbase is in advanced talks to acquire London-based stablecoin infrastructure provider BVNK for $1.5 billion to $2.5 billion, according to Bloomberg sources. The deal, currently under due diligence, could close in late 2025 or early 2026. Terms remain subject to change and completion is not guaranteed.

Singapore authorities froze more than $150 million in assets tied to Chen Zhi, chairman of Cambodia's Prince Holding Group, on October 30. U.S. prosecutors allege his network operated large-scale cryptocurrency fraud schemes, laundering proceeds through shell companies and converting funds to Bitcoin. Approximately $14.4 billion in BTC is now subject to seizure efforts.

Coinbase stock rose 9.82% to $354.46 following a rating upgrade from JPMorgan Chase. The upgrade cites revenue potential from the Base layer-2 blockchain and proposed changes to USDC interest distribution that could add $374 million in annual earnings, according to JPMorgan.

China accounts for 14.05% of Bitcoin's global hashrate as of Q4 2025, ranking third behind the United States and Russia. The figure represents approximately 145 exahashes per second, according to Luxor's Q4 2025 Global Hashrate Map. The activity persists despite a comprehensive 2021 ban on cryptocurrency mining and transactions, which authorities implemented citing financial crime risks and systemic stability concerns.

T. Rowe Price submitted an S-1 filing with the SEC on October 22 for an actively managed crypto ETF. The fund will hold 5-15 digital assets including BTC, ETH, SOL, XRP, and others. The product targets outperformance of the FTSE Crypto U.S. Listed Index through fundamental and momentum-based selection strategies.