Right this moment in crypto, Coinbase is nearing a deal to amass stablecoin startup BVNK. Romania’s playing regulator has blacklisted prediction market Polymarket, and crypto market sentiment stays in a state of worry regardless of renewed readability on US-China commerce relations.
Coinbase mulls $2B BVNK startup acquisition in stablecoin push: Report
Coinbase World Inc., the world’s third-largest cryptocurrency trade, is continuous its stablecoin push after key laws in america sparked a renewed wave of company curiosity in blockchain-based funds.
Coinbase trade is reportedly in late-stage talks to amass stablecoin infrastructure startup BVNK in a $2 billion deal, in line with a report by Bloomberg, citing folks accustomed to the matter.
The $2 billion acquisition is predicted to shut later this yr or in early 2026, pending due diligence from the trade, in line with the nameless supply.
The stablecoin push may convey a further income for Coinbase, which primarily depends on cryptocurrency buying and selling charges to generate earnings.
Nevertheless, about $246 million, or 20% of Coinbase’s income, got here from stablecoins through the third quarter of 2025, in line with the trade’s earnings outcomes, printed on Thursday.
Based in 2021, London-based BVNK presents retailers enterprise-grade stablecoin funds. Coinbase’s enterprise capital wing, Coinbase Ventures, is an investor within the stablecoin infrastructure startup.
BVNK raised $90 million in funding over the previous 4 years, from traders together with Citi Ventures, Visa and Haun Ventures, in line with the startup’s homepage.
Romania blacklists Polymarket for unlawful crypto betting amid $600M election wagers
Romania’s Nationwide Workplace for Playing (ONJN) has blacklisted main prediction market Polymarket, calling it an unlicensed playing platform working exterior state oversight.
The choice follows what regulators described as a surge in crypto-based betting throughout Romania’s presidential and native elections, the place Polymarket’s buying and selling quantity reportedly exceeded $600 million, in accordance to a latest assertion from the regulator.
ONJN added that the platform’s exercise constitutes “counterpart betting,” which means customers wager cash in opposition to each other on the outcomes of future occasions, a mannequin that falls squarely below playing legal guidelines, no matter its blockchain-based format.
ONJN President Vlad-Cristian Soare confused that the transfer “isn’t about know-how, however concerning the legislation.” He mentioned that whether or not bets are made in lei or crypto, they nonetheless qualify as playing and should be licensed.
Crypto market sentiment stays in ‘Worry’ following Trump’s cope with China
A extensively used crypto market sentiment indicator has remained in unsure territory regardless of improved readability on commerce relations between US and China, following US President Donald Trump’s announcement of a commerce deal this week.
Nevertheless, some crypto analysts recommend the announcement may quickly have a optimistic influence on the crypto market.
The Crypto Worry & Greed Index, which measures total crypto market sentiment, posted a “Worry” rating of 37 on Sunday, up 4 factors from its “Worry” rating of 33 on Saturday. The slight uptick comes because the White Home launched a complete assertion outlining the commerce settlement reached between Trump and Chinese language President Xi Jinping.
“A large victory that safeguards US financial energy and nationwide safety whereas placing American employees, farmers, and households first,” The White Home mentioned in an announcement on Saturday.
