Vika
@vika1213
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Coinbase Eyes $4B Deal for Derivatives Leader Deribit Amid Industry Expansion
Coinbase Global Inc. is in advanced discussions to acquire Deribit, the world’s largest bitcoin and ethereum options trading platform, as the U.S. crypto exchange seeks to expand its derivatives offerings, according to a Bloomberg report citing people familiar with the matter.
According to Bloomberg reporters Ben Bartenstein, Anna Irrera, Matthew Monks, and Suvashree Ghosh, the companies have notified regulators in Dubai, where Deribit holds a license, about the potential deal, which would transfer the license to Coinbase upon completion, sources told the publication.
https://news.bitcoin.com/coinbase-eyes-4b-deal-for-derivatives-leader-deribit-amid-industry-expansion/ 0 reply
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Toncoin (TON) Skyrockets by Double Digits, Bitcoin (BTC) Holds Steady at $84K (Weekend Watch)
It was a highly volatile week for the primary cryptocurrency from the get-go. It all started on Monday with a six- grand price drop that drove the asset south to $80,000. Although it managed to defend that level at first and bounced off to $84,000, the bears kept the pressure on and it lost it on Tuesday.
At the time, the cryptocurrency plunged to a four-month low of under $77,000. The bulls finally intercepted the move and didn’t allow another price breakdown. In fact, BTC jumped above $80,000 and spiked to $84,000 on Thursday.
It was first stopped there despite the favorable US CPI data for February. Nevertheless, it shot up on Friday and jumped past $85,000 for the first time since the previous weekend. It has lost some ground since then, and it trades at around $84,000 for most of the weekend.
https://cryptopotato.com/toncoin-ton-skyrockets-by-double-digits-bitcoin-btc-holds-steady-at-84k-weekend-watch/ 0 reply
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Robinhood lists PENGU, POPCAT amid crypto ramp-up
Memecoin listings have been accelerating among US crypto exchanges since President Donald Trump’s election win.
In February, Robinhood Crypto said its customers had shown strong demand for more memecoin trading options.
In addition to its newly launched coins, Robinhood lists Dogecoin, the largest memecoin by market capitalization. It also launched crypto futures trading in January.
“We don’t want to make decisions for the customer but if customers are asking for something and we feel like we have a way to offer it safely, we will do it,” Johann Kerbrat, Robinhood Crypto’s vice president and general manager, reportedly told Bloomberg.
Robinhood, best known as a stock trading platform, has been investing heavily in crypto products since last year.
In February, the online brokerage reported a 700% year-over-year jump in crypto revenues.
https://cointelegraph.com/news/robinhood-lists-pengu-popcat-memecoins-crypto-ramp-up 0 reply
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Crypto ETPs see 4th straight week of outflows, totaling $876M — CoinShares
With cumulative outflows reaching $4.75 billion over the past four weeks, the year-to-date inflows have dropped to $2.6 billion, according to CoinShares.
Cryptocurrency exchange-traded products (ETPs) recorded a fourth straight week of outflows, with $876 million in losses during the past trading week.
After posting record weekly outflows of $2.9 billion last week, crypto ETPs continued their downward trend, bringing the four-week total outflows to $4.75 billion, CoinShares reported on March 10.
While the pace of outflows slowed, investor sentiment remained bearish, according to James Butterfill, head of research at CoinShares.
The analyst also suggested that the market has shown signs of capitulation.
https://cointelegraph.com/news/crypto-etps-4th-consecutive-outflows-at-876m-coin-shares 0 reply
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Crypto market maker Flowdesk raises $102 million in new funding to expand services
Flowdesk, a France-headquartered crypto trading firm specializing in market making and liquidity provision, has raised $102 million in a mix of equity and debt funding to expand its services.
The majority, or roughly 90% of the round, consists of equity, with the remaining around 10% ($10.2 million) structured as debt, Flowdesk's co-founder and global CEO Guilhem Chaumont told The Block.
HV Capital, a European investor, led the equity portion of the round, with participation from French private equity firm Eurazeo, Cathay Innovation and ISAI VC, Flowdesk said Tuesday. The debt financing came from funds and accounts managed by BlackRock, Flowdesk added.
https://www.theblock.co/post/344389/crypto-market-maker-flowdesk-102-million-new-funding 0 reply
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