Crypto things you might have missed:-Brale integrates XRPL- @FalconXGlobal to Buy ETF Manager 21shares-NEW Hedera staking rewards-FED on stablecoin yield-Base building private transaction-Trump and China 155% tariffsJOIN THE DAILY 10:30 AM LIVESTREAM ON YOUTUBE AND X ...

Core Insights - FalconX is in talks to acquire 21Shares, a major player in the digital asset ETP market, with the deal to be financed through cash and equity [1] - The merger aims to leverage FalconX's trading infrastructure and 21Shares' ETF expertise to launch new crypto funds focused on derivatives and structured products [1][4] Company Overview - FalconX, founded in 2018, has processed over $2 trillion in trades and serves more than 2,000 clients globally, specializing in institutional trading, staking, and credit services, with an $8 billion valuation in 2022 [2] - 21Shares, also established in 2018, manages over $11 billion in assets across 55 listed ETPs and co-launched the first US spot Bitcoin ETF in partnership with ARK Investment [3] Market Context - The merger represents a significant consolidation in the crypto space, coinciding with a potential new "ETF season" as institutional interest in crypto investment vehicles surges [5] - There are currently 155 crypto ETP filings across 35 cryptocurrencies, with predictions that this number could exceed 200 within the next year [6]

Core Viewpoint - Bitcoin's price is expected to dip below $100,000 before potentially reaching a year-end target of $200,000, according to Standard Chartered's Geoff Kendrick [1][2]. Price Movement - Bitcoin's current price is approximately $108,200, having fallen about 12% from its all-time high of $126,000 over the past 16 days [2]. - The asset has experienced a significant drop, reaching as low as $104,800 since its peak [3]. Market Dynamics - The recent price decline is attributed to a "fear-driven selloff" influenced by tariffs and trade tensions between the U.S. and China [2]. - Historically, October and November have been strong months for Bitcoin, with average increases of 19.8% and 46% since 2013 [2]. Comparisons with Gold - Gold has outperformed Bitcoin in recent months, but a recent sharp selloff in gold coincided with a bounce in Bitcoin prices, indicating a potential shift in investor behavior [3][4]. - Gold's price has dropped significantly, from a record $4,381 per ounce to around $4,075 per ounce [4]. Industry Developments - FalconX is set to acquire 21Shares, marking a significant deal in the crypto industry [5]. - Analysts noted that Bitcoin was outperforming gold as geopolitical tensions eased and companies reported strong third-quarter earnings [5].

🔥NEW: Crypto Prime Broker FalconX to Buy ETF Provider 21Shares.The deal, terms of which were not disclosed, and will allow FalconX to expand beyond market making and liquidity services into issuing crypto ETFs.@JamieCrawleyCD reports.https://t.co/0Pug9lxgGL ...

FalconX to Acquire 21Shares in Latest Crypto Industry Deal► https://t.co/odY1EAtjWB https://t.co/odY1EAtjWB ...

FalconX said Wednesday it agreed to acquire Swiss crypto exchange-traded product issuer 21Shares, bringing one of the sector’s largest asset managers under its institutional brokerage platform. The companies said the acquisition will combine FalconX’s trading and prime brokerage infrastructure with 21Shares’ exchange-traded product platform spanning Europe and the United States. The Swiss issuer already manages over $11 billion in assets across 55 listed crypto products, while FalconX has facilitated over ...

Digital asset prime broker FalconX will acquire 21Shares, which has pending U.S. ETF filings for spot XRP, spot SOL, and FTSE-based crypto index products ...

Group 1 - FalconX is acquiring crypto investment management firm 21shares to expand its exchange-traded funds (ETFs) offerings [1] - The acquisition follows the removal of regulatory hurdles for new spot ETFs tied to various cryptocurrencies [1][2] - 21shares manages over $11 billion in assets across multiple products, indicating significant market presence [3] Group 2 - FalconX aims to utilize 21shares' expertise in crypto ETFs and its brokerage platform to promote digital asset investment products [4] - The U.S. government shutdown may impact the Securities and Exchange Commission's ability to review and approve new crypto ETF filings [4] - Concerns are rising regarding highly leveraged funds tracking cryptocurrencies, especially after a significant selloff linked to renewed trade tensions with China [5] Group 3 - FalconX was valued at $8 billion in a 2022 funding round and has facilitated over $2 trillion in trading volume, serving more than 2,000 institutional clients [5]

The Morning Minute (10.22)⏰Top News:-Crypto majors reverse and flip red; BTC -1% at $107,500-BTC ETF inflows reach $477M, not enough to counter selling-DraftKings acquires Railbird, plans to launch DraftKings Predictions app-Polymarket and Kalshi reach licensing agreement with the NHL-Jupiter launches its own prediction market powered by Kalshi🌎 Macro Crypto and Memes-Crypto majors are red again after a major Tuesday reversal; BTC -1% at $107,800, ETH -2% at $3,830, BNB -1% at $1,072, SOL even at $185-ENA ( ...

🚨UPDATE: FALCONX, A U.S. INSTITUTIONAL CRYPTO PRIME BROKER, AGREES TO ACQUIRE 21SHARES ...