Coinbase is in late-stage acquisition talks with London-based stablecoin infrastructure firm BVNK, with the deal valued between $1.5 billion and $2.5 billion, sources familiar with the discussions said. The transaction remains under due diligence and could finalize late this year or early next year. Terms are not yet finalized and the deal could still change or fall apart.

Coinbase is drawing increased attention from long-term investors as major financial institutions integrate its backend infrastructure to offer cryptocurrency services. The company reported third-quarter revenue of $1.87 billion, exceeding analyst expectations of $1.8 billion and driving a 9% rally in COIN stock. Analysts highlight partnerships with J.P. Morgan, Citi, and PNC as evidence that Coinbase is becoming foundational infrastructure for traditional banks entering crypto markets.

MicroStrategy's valuation premium relative to its Bitcoin treasury contracted to approximately 1.3× its market-adjusted net asset value, despite reporting a $2.8 billion net income beat for the third quarter, according to Bloomberg data. The multiple declined from earlier periods when the premium exceeded 2×, reflecting diminished investor enthusiasm for the balance-sheet Bitcoin strategy. At least three analysts lowered price targets while maintaining buy ratings, citing concerns over reduced momentum and slower capital issuance heading into the fourth quarter.

CleanSpark secured a 100-megawatt data center contract in Cheyenne, Wyoming, beating Microsoft in the competitive bidding process. CEO Matt Schultz credited the win to deployment speed, noting the firm built a 100 MW mining facility in six months compared to the three to six years typically required for AI data centers. The Las Vegas-based bitcoin miner now operates 1.03 gigawatts of active capacity and plans to expand AI-focused facilities across North America through a partnership with Submer.

The Trump Organization generated $864 million in income during the first six months of 2025, a sharp increase from $51 million in the same period the previous year, according to a Reuters investigation. Cryptocurrency token sales accounted for over 90% of total revenue, with World Liberty Financial tokens contributing $463 million and $TRUMP meme coins adding $336 million. World Liberty Financial, launched in September 2024 as a decentralized finance platform, has not yet delivered its promised peer-to-peer finance system.

President Javier Milei's La Libertad Avanza party secured 41.5% of the vote in Buenos Aires province during Sunday's midterm elections, narrowly defeating the Peronist coalition's 40.8%. The peso strengthened more than 10% against the dollar on Monday. Argentina's 2038 international dollar bond rose to approximately 74 cents on the dollar, while local equities advanced over 20%.

Crypto.com filed an application with the U.S. Office of the Comptroller of the Currency on Friday for a national trust charter to broaden custody services for digital assets including ETFs and treasury products. The exchange joins Ripple Labs, BitGo, and Circle Internet Group in seeking federal oversight. The company currently operates as a state-registered non-depository trust in New Hampshire.

Overseas renminbi lending by Chinese banks reached a record RMB3.4 trillion ($480 billion), marking a 35% increase from the previous high, according to China's State Administration of Foreign Exchange. The renminbi's share in global trade finance rose from under 2% to 7.6% over three years, Swift data showed. China's Cross-Border Interbank Payment System now processes over RMB40 trillion quarterly, reflecting Beijing's push to reduce dollar dependence in global finance.

Major Wall Street banks now expect the Federal Reserve to stop reducing its $6.6 trillion balance sheet this month. JPMorgan and Bank of America moved up their previous forecasts from December 2025 or early 2026 after funding costs surged and liquidity indicators tightened sharply.