Animoca Brands has entered into a non-binding agreement with Nasdaq-listed Currenc Group to pursue a reverse merger, targeting a valuation of approximately $1 billion, with the transaction expected to close by the end of 2026. The Hong Kong-based blockchain developer and crypto investor would see its shareholders collectively own approximately 95% of the combined entity’s issued shares, while existing Currenc shareholders would retain about 5%. The deal marks Animoca’s return to the public markets, follo ...

Market Overview - The crypto market experienced a slight pullback, with Bitcoin dropping from an all-time high of $126,000 to around $121,200, stabilizing near $121,553, leading to over $659 million in liquidations across long and short positions [1] - Ethereum also saw a decline of over 5%, trading below $4,500, while the overall crypto market capitalization decreased by more than 3% in the past day [1] Altcoin Performance - Despite the overall market decline, some altcoins performed well, with one notable coin increasing by 8.8% to $1,356, now trading at $1,306 [1] - BNB Chain's decentralized exchange (DEX) trading volume surged to $6.05 billion on October 7, driven by meme coin activity, particularly PancakeSwap, which handled nearly $4.29 billion in 24-hour volume [2] - BSC-based projects gained attention as Solana meme coins struggled, with coins like PALU, BROCCOLI, CAT, and GIGGLE posting double-digit gains [3] Investment Opportunities - The current market dip may present opportunities for investors looking for the best altcoins to buy before the next upward movement [4]