RT Gareth Jenkinson (@gazza_jenks)So how does @Coinbase, a $100B company with $10B of cash on hand, decide what companies to invest in?Coinbase has made 40+ acquisitions in recent years, most recently forking out $375 to acquire @echodotxyz.Here’s the secret playbook for Coinbase’ merger and acquisition strategy 👇@rkbaggs and I had a fascinating chat with @_aklil0 who's been at the helm of Coinbase's M&A department last week.He gave us the "ESPN highlight reel" from 40+ high-profile acquisitions:🥇 Acquired ...

Core Insights - Digital Asset Treasury (DAT) firms have significantly reduced their cryptocurrency buying activity, particularly in Bitcoin, following the market crash on October 10 [1][2][3] - Ethereum (ETH) purchases have been concentrated in a single firm, Bitmine Immersion Technologies (BMNR), which has accumulated a substantial amount of ETH [4][5][6] Group 1: Bitcoin Purchasing Trends - Bitcoin purchases by DAT firms have nearly vanished since October 10, indicating a lack of confidence among major investors [2][3] - The absence of significant Bitcoin buying from DATs is seen as a critical indicator for market sentiment, as these firms typically have the capacity to make large purchases when they are confident [3] Group 2: Ethereum Accumulation - Despite a decline in overall buying activity, ETH purchases have remained positive, primarily driven by BMNR, which has added 77,055 ETH to its holdings [4][5] - BMNR now holds over 3.31 million ETH, representing approximately 2.8% of the total ETH supply, with its digital assets and cash holdings exceeding $14.2 billion [5][6] Group 3: Market Sentiment and Caution - The cautious approach of large investors post-crash has led to a defensive stance, with expectations of potential further market declines [7] - The concentration of ETH purchases in BMNR raises concerns about the sustainability of corporate buying momentum if BMNR's purchasing activity slows down [6]

AI Agents & Crypto Wallets - AI agents are gaining control over crypto wallets via Coinbase's Payments MCP [1] - This access is facilitated through the x402 protocol, enabling AI agents to make payments [1] Security Concerns - The report raises questions about the safety and security implications of AI agents controlling crypto wallets [1]

Group 1 - Citigroup plans to collaborate with Coinbase to create a digital asset payment solution for institutional clients, with future expansion to global customers [1] - The initial focus of the partnership will be on providing fiat currency deposit and withdrawal capabilities through Coinbase's services, facilitating smooth conversion between traditional and digital assets [1] - Citigroup aims to simplify payment processes through this collaboration, combining its business reach with Coinbase's leadership in the digital asset space [1] Group 2 - The digital asset industry has seen an increase in trading activity this year, driven by a favorable environment for businesses in the U.S. under the Trump administration [2] - Coinbase has made significant investments, including a $375 million acquisition of investment platform Echo and a $2.9 billion deal to acquire cryptocurrency options provider Deribit [2]

🚨 🚨 🚨 441 #BTC (50,285,008 USD) transferred from unknown wallet to Coinbase Institutionalhttps://t.co/zI3LJifFbe ...

Core Insights - Citigroup and cryptocurrency exchange Coinbase are collaborating to develop digital asset payment solutions for Citigroup's institutional clients, with plans to expand these offerings to global clients in the future [1] Group 1 - The collaboration aims to enhance payment solutions in the digital asset space [1] - Citigroup's focus is on serving its institutional clients initially, indicating a targeted approach to market entry [1] - Future expansion plans suggest a strategic vision for global reach in the digital asset payment solutions market [1]

Partnerships & Initiatives - Citigroup partners with Coinbase to pilot on-chain stablecoin payments for institutional clients [1] - Citigroup is testing stablecoin transactions to make corporate payments faster, programmable, and always available [1] - Coinbase's institutional arm works with over 250 financial institutions [2] - Citigroup launched a tokenized deposit platform for instant transfers within its network [3] Market & Regulatory Landscape - Stablecoin adoption is up 70% this year [2] - Analysts forecast the stablecoin market could reach $1 trillion within five years, up from roughly $300 billion [2] Strategic Focus - Citigroup is studying crypto custody and tokenized assets to digitize traditional financial services [3] - Stablecoins are considered a cornerstone of the digital payment ecosystem [2]

Core Viewpoint - Coinbase's investment management division has partnered with Apollo Global Management to launch credit strategies for its stablecoin, aiming to capitalize on the expected significant growth of the stablecoin market, projected to increase from $300 billion in October 2025 to $30 trillion by 2030 [1] Group 1: Partnership and Market Strategy - The collaboration aims to bridge stablecoins, private credit lending, and the tokenized economy, focusing on identifying quality credit opportunities within the rapidly evolving stablecoin ecosystem [1] - Strategies will include over-collateralized asset loans, direct corporate loans, and holding tokenized credit assets, prioritizing projects that meet the requirements of the GENIUS Act [1] Group 2: Transparency and Market Potential - Coinbase emphasizes transparency through monthly audits and a 1:1 reserve mechanism to ensure the integrity of its credit strategies [1] - The global stablecoin ecosystem operates continuously on blockchain platforms, creating opportunities that traditional private credit portfolios cannot provide, with expectations of collaboration with companies worldwide to explore this new market [1]

Coinbase is one of the most important companies in the crypto industry.I sat down with @maxbranzburg, Head of Consumer & Business Products, to better understand what the company is building, how they see finance evolving over time, and how they plan to create the "Everything Exchange."Enjoy!YouTube: https://t.co/PFYJhb0pfVSpotify: https://t.co/3WXSthZXnqApple: https://t.co/kvQKNcuj77TIMESTAMPS:0:00 - Intro1:05 – Coinbase product expansion & credit card launch3:53 - Thinking through staking, DeFi lending, & ...

🚨 🚨 🚨 442 #BTC (50,407,795 USD) transferred from unknown wallet to Coinbase Institutionalhttps://t.co/NseWTi4KzO ...