Acquisition
Upbit founders Song Chi-hyung and Kim Hyoung-nyon became billionaires after selling Dunamu to Naver in a $13.6 billion deal. The acquisition highlights a major corporate play into South Korea’s crypto ecosystem.
Goldman Sachs will buy active ETF provider Innovator Capital Management in a cash-and-stock transaction valued at about $2 billion, the firm announced Monday. The move bolsters Goldman’s push into the fast-growing ETF sector and expands its product and distribution capabilities.
Paxos announced on Tuesday that it has acquired Fordefi as part of a push to broaden its custody offerings for institutional clients. The deal brings Fordefi’s custody technology and team into Paxos’ regulated infrastructure.
Exodus reported stronger third-quarter results with rising Bitcoin revenue and announced a Latin America payments acquisition to expand its Bitcoin-focused services. The deal signals a push into payments and remittance markets where crypto rails can drive growth.
Mastercard is reportedly planning to acquire ZeroHash for up to $2 billion, marking one of its largest investments in stablecoin infrastructure to date. This move aims to expand Mastercard's cryptocurrency capabilities amid growing fintech innovation and increased interest in stablecoins.
Aave Labs has acquired San Francisco-based Stable Finance, with founder Mario Baxter Cabrera joining as Director of Product. This third talent-focused acquisition aims to integrate Stable Finance's technology into Aave's offerings to enhance onchain savings for retail users.
Coinbase has solidified its position as the world's largest platform for crypto derivatives, leading in open interest and options trading volume following a strategic acquisition. This move marks a significant step in expanding its market presence and service offerings.
CoreWeave announced the acquisition of Core Scientific in a strategic $9 billion all-stock deal set to finalize in Q4 2025. This merger aims to boost operational efficiency, increase power capacity, and expand into AI and HPC workloads, marking a significant consolidation in the crypto mining infrastructure sector.
On October 16, 2025, Ripple announced its $1 billion acquisition of GTreasury, aiming to enhance real-time cross-border payments and optimize liquidity management in the corporate treasury sector. This move strengthens Ripple's foothold in the multi-trillion dollar treasury market, promising innovative blockchain solutions for faster payments and capital efficiency.
Ripple has announced its $1 billion acquisition of GTreasury, a leading treasury management company, aiming to enhance crypto treasury solutions and financial services.