Coinbase Eyes $5B Acquisition of Crypto Options Leader Deribit

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📈 Preview On Today’s News:

1. - Coinbase Eyes $5B Acquisition of Crypto Options Leader Deribit

2. - US Treasury Removes Tornado Cash Sanctions in Landmark Decision

3. - Trump’s Crypto Czar Advances US-UAE Ties on Digital Assets and AI

Keep reading below for more!

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Today’s News:

1)

Coinbase Eyes $5B Acquisition of Crypto Options Leader Deribit

Coinbase is in advanced talks to acquire Deribit, the world’s largest Bitcoin and Ether options trading platform, in a deal valued between $4 billion and $5 billion. The potential acquisition aims to significantly expand Coinbase’s derivatives business, which has already seen a 10,950% surge in trading volume in 2024. Deribit’s $1.2 trillion trading volume in 2023 and its extensive options, futures, and spot trading offerings make it a strategic target. If successful, the deal would require regulatory approvals in Dubai, where Deribit is licensed. This move follows similar expansions by competitors like Kraken and Robinhood, as major exchanges race to dominate the fast-growing crypto derivatives market.

• Coinbase is negotiating a $4B–$5B acquisition of Deribit to boost its derivatives business, following a 10,950% surge in derivatives trading volume in 2024.

• Deribit’s $1.2T trading volume and global presence make it a prime target as crypto derivatives markets grow rapidly, with regulatory filings already underway in Dubai.

2)

US Treasury Removes Tornado Cash Sanctions in Landmark Decision

The US Treasury Department has officially lifted sanctions and the ban on Tornado Cash, a crypto mixing tool previously accused of facilitating illicit activities, including assisting North Korea’s Lazarus Group in a $1.4 billion hack on Bybit. This decision follows a review by the current Trump administration, which has emphasized fairness in its approach to cryptocurrency regulation and aims to position the US as a global leader in the crypto industry. Despite lifting the sanctions, the Treasury maintains its commitment to enforcing measures against state-sponsored hacking and money laundering by North Korea and the DPRK regime.

• The US Treasury has removed sanctions and the ban on Tornado Cash after a review by the Trump administration, despite previous links to North Korea’s Lazarus Group.

• The government remains committed to combating DPRK state-sponsored hacking and money laundering, while pursuing a fairer regulatory environment for cryptocurrency.

3)

Trump’s Crypto Czar Advances US-UAE Ties on Digital Assets and AI

David Sacks, appointed as the crypto czar by US President Donald Trump, met with top United Arab Emirates (UAE) officials, including Sheikh Tahnoon Bin Zayed Al Nahyan, to discuss the future of cryptocurrency and artificial intelligence. The high-level talks, held shortly after Trump’s appearance at the Digital Asset Summit in New York, emphasized the expanding role of digital currencies and AI in global economic partnerships. Discussions also covered potential UAE investments into the United States, signaling stronger economic and technological cooperation between the two nations.

• David Sacks, Trump’s crypto czar, met with UAE officials to discuss digital currencies, AI, and potential UAE investments in the US economy.

• The talks underscore Trump’s focus on advancing global partnerships in cryptocurrency and AI as key pillars of his administration's economic agenda.

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