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Month: November 2025

Coinbase Eyes $2B Stablecoin Deal That Could Change Everything

The post Coinbase Eyes $2B Stablecoin Deal That Could Change Everything appeared on BitcoinEthereumNews.com. TLDR Coinbase is in advanced negotiations to acquire stablecoin infrastructure startup BVNK for approximately $2 billion. The exchange secured exclusive negotiating rights after winning a competitive bidding process for the London-based startup. Due diligence is already underway and the deal could close by the end of this year or early 2026. Stablecoins currently generate nearly 20% of Coinbase’s total revenue in the third quarter. Coinbase Ventures already backs BVNK alongside Citi Ventures, Haun Ventures, and Visa. Coinbase is in advanced talks to acquire stablecoin infrastructure startup BVNK for approximately $2 billion. The exchange aims to expand its presence in the growing stablecoin payments sector. Due diligence has already commenced, and the deal is expected to close by year-end or early 2026. Exchange Pursues BVNK Acquisition Bloomberg reports that Coinbase Global Inc. is in negotiations to purchase BVNK. The transaction terms remain flexible, and changes could still occur before finalization. Insiders confirm that both companies are moving forward with the acquisition process. Coinbase secured exclusive negotiating rights after winning a competitive bidding process. The exchange has actively explored ways to strengthen its stablecoin infrastructure. BVNK’s merchant network and compliance systems could enhance Coinbase’s payment capabilities. The exchange’s investment arm, Coinbase Ventures, already backs BVNK alongside other investors. Citi Ventures, Haun Ventures, and Visa also hold stakes in the London-based startup. A spokesperson stated that Coinbase “actively explores opportunities to advance its mission of expanding economic freedom.” Stablecoins Drive Revenue Growth Stablecoins generated nearly 20% of Coinbase’s total revenue in the third quarter. The exchange earns income through its partnership with Circle Internet Group, the issuer of USDC. This partnership allows Coinbase to receive a share of interest generated on reserves. The company has integrated USDC into Shopify’s payments ecosystem to promote mainstream adoption. Furthermore, Coinbase recently partnered with Citigroup to pilot…

Bucks’ Kevin Porter Jr. to undergo knee surgery amid ankle rehab

The Milwaukee Bucks took a hit to their backcourt depth. The team announced on X that Kevin Porter Jr. suffered a right knee meniscus injury during on-court return-to-play work and will have a minor orthopedic procedure that is expected to sideline him for about four weeks. The update arrives while Porter rehabs the left ankle [.] The post Bucks’ Kevin Porter Jr. to undergo knee surgery amid ankle rehab appeared first on ClutchPoints.