Business | ForkLog

ForkLog 33 03.06.2025

ConsenSys to Enhance MetaMask and Invest in Ethereum Treasury

MetaMask developer ConsenSys has acquired Web3Auth, an infrastructure provider. The financial details of the deal remain undisclosed. Founded in 2019, the platform serves approximately 50 million end users and supports over 8,200 applications within the Web3 ecosystem. The primary aim is to enhance the wallet’s user experience. ConsenSys also seeks to address the management of […]

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ForkLog 26 03.06.2025

Robinhood Acquires Bitstamp for $200 Million

Online broker Robinhood has finalized an agreement to acquire Europe’s oldest crypto platform, Bitstamp, for $200 million in cash. Bitstamp is now part of Robinhood, adding a globally-scaled crypto exchange and our first-ever institutional crypto business. Our work is just beginning. https://t.co/VDjGS1KuBb — Vlad Tenev (@vladtenev) June 2, 2025 The parties agreed to the deal […]

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ForkLog 59 28.05.2025

Jack Dorsey’s Block to Introduce Bitcoin Payments via Square

Jack Dorsey’s company Block plans to launch bitcoin payments in the Square app by 2026. Merchants will have the option to hold the digital currency or convert it to fiat in real-time. spend your bitcoin at @Square terminals. merchant can choose to hold the bitcoin, or auto-convert it to fiat in real-time. try it at […]

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ForkLog 18 27.05.2025

Cantor Fitzgerald Initiates $2 Billion Bitcoin-Backed Lending Program

Financial firm Cantor Fitzgerald has executed its initial transactions under a $2 billion bitcoin-backed lending program, according to Bloomberg, citing its own sources. The partners involved are crypto broker FalconX and the decentralized lending protocol Maple Finance. FalconX has raised over $100 million through Cantor’s lending program. The company described this as part of an […]

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ForkLog 47 27.05.2025

Alpaca Finance to Cease Operations by 2025

Alpaca Finance, once a leading protocol within the BNB Chain ecosystem, has announced it will completely cease operations by December 2025. After extensive internal deliberation and a thorough evaluation of possible paths forward, we have made the incredibly difficult decision to begin sunsetting Alpaca Finance and all of its products. This choice wasn’t made lightly, […]

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ForkLog 4 26.05.2025

Synthetix and Derive Call Off $27 Million Merger

The DeFi platform for synthetic assets, Synthetix, and the decentralized options protocol, Derive (formerly Lyra), have abandoned their $27 million merger deal. The SIP-415 and DIP proposals to merge Synthetix and Derive have been mutually withdrawn following thoughtful discussion and community feedback. This moment reaffirms our independent path and the community’s belief in it. Derive […]

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ForkLog 9 22.05.2025

Kraken to Launch Trading of Tokenized Apple and Tesla Shares

Kraken exchange will initiate trading of tokenized shares of Apple, Tesla, Nvidia, and 50 other companies for users in Europe, Asia, Africa, and Latin America starting late June, as reported by WSJ. The xStocks tokens, linked to actual securities, will operate on the Solana blockchain and be available for trading around the clock. Each asset […]

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ForkLog 11 20.05.2025

Circle’s Potential Withdrawal from IPO and $5 Billion Sale Rumored

Circle’s IPO may not proceed as the USDC issuer is reportedly in talks with Coinbase and Ripple to sell its business for at least $5 billion, according to sources cited by Fortune. The discussions are taking place as the company prepares to enter the stock market. Earlier in May, media outlets reported Ripple’s attempt to […]

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ForkLog 19 16.05.2025

Fireblocks: Institutional Embrace of Stablecoins Grows

Nine out of ten institutions are planning or already using stablecoins, primarily focusing on cross-border payments, according to Fireblocks. Representatives of the digital asset platform surveyed 295 executives from banks, financial institutions, fintech companies, and payment services. 49% of respondents stated they have added support for stablecoins, 23% are conducting pilot tests, and another 18% […]

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ForkLog 32 14.05.2025

Synthetix to Reintegrate Derive Options Protocol in $27 Million Deal

The team behind the DeFi platform for synthetic assets, Synthetix, has proposed the acquisition of a former ecosystem project—the decentralized options protocol Derive (formerly Lyra). As part of our full-force drive towards Synthetix v4 on Ethereum mainnet, a new proposal has just dropped: Synthetix to acquire @derivexyz Perps & options Exchange https://t.co/wC7jRyCJqR… Let’s break it […]

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ForkLog 11 13.05.2025

Galaxy Digital Reports $295 Million Quarterly Loss Ahead of Nasdaq Listing

Galaxy Digital has completed its transition to the U.S. market ahead of its planned Nasdaq listing on May 16, 2025, and reported a $295 million loss for the first quarter. During a special meeting on May 9, shareholders voted for the redomiciliation of the firm from the Cayman Islands to Delaware. The SEC approved the […]

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ForkLog 28 13.05.2025

Robinhood to Acquire Crypto Platform WonderFi for $179 Million

Online broker Robinhood has finalized an agreement to acquire Canadian crypto company WonderFi, which manages assets worth 2.1 billion CAD ($1.5 billion). Robinhood has signed an agreement to acquire @WonderFi, a Canadian leader in crypto products. We’re excited to partner with WonderFi to accelerate Robinhood’s mission in Canada. More details: https://t.co/B2ygTDYOPw pic.twitter.com/9u1c0vJeWV — Robinhood (@RobinhoodApp) […]

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