The deal is likely to fuel further M&A around derivatives trading and infrastructure, Architect Partners’ Michael Klena says

The deal is likely to fuel further M&amp;A around derivatives trading and infrastructure, Architect Partners’ Michael Klena says

Coinbase-Deribit deal affirms industry’s growing focus on derivatives

On May 9, 2025, the cryptocurrency market witnessed a historic moment - <BTC> market capitalization exceeded $2.054 trillion, ranking as the fifth-largest asset globally. On that day, <BTC> price briefly surpassed $104,000, currently trading at $102,972, with a 24-hour increase of 6%, rising approximately 40% from its early April low point. Since <BTC> briefly broke through $102,000 on February 4, the price has experienced a three-month oscillation around the $100,000 mark. Just this morning, <BTC> finally broke through $101,000, with a 24-hour increase of 4%,...

The bull market is coming back quickly: Bitcoin is about to hit a new high, and crypto assets are surging across the board!

Since February 4th, when Bitcoin briefly broke through $10,200, it has experienced a three-month-long oscillating struggle, with the price unable to effectively stabilize above $100,000. Just now, the market finally witnessed a critical breakthrough, with Bitcoin surpassing $10,100, showing a 24-hour increase of 4%.
[Will Bitcoin return to $100,000 in 90 days, and is the bull market coming?]
In the first half of 2025, the crypto market has been through numerous twists and turns, with Bitcoin's market share continuously rising to a historic high. The Trump administration has simultaneously released regulatory benefits while disrupting tariff order and market manipulation...

Bitcoin returns to $100,000 after 90 days. Is the bull market coming?

In the past 24 hours, Ethereum finally broke its usual pattern, and after the recent Pectra upgrade, it directly brought a 22% increase along with the warming trend, now standing above $2,200 again. Alongside this, Virtual, EIGEN, SUI, and other Altcoins have seen around 50% gains within 24 hours.

Compared to other Altcoins' 22% increase, it might seem insignificant, but the last time Ethereum rose more than 22% within 24 hours was on May 23, 2024, when ETH's price was from...