Coinbase Global Inc. is in advanced negotiations to acquire BVNK, a stablecoin infrastructure provider, for approximately $2 billion, according to industry sources. The transaction is currently undergoing due diligence. Completion is anticipated by late 2025 or early 2026.

Bitwise Asset Management submitted an amended application for its XRP exchange-traded fund on November 1, adding New York Stock Exchange listing specifications and a 0.34% management fee. Bloomberg ETF analyst Eric Balchunas said the revisions represent the final administrative steps in the approval process. Industry observers expect SEC approval could drive institutional capital into XRP markets.

U.S. President Trump pardoned Binance founder Changpeng Zhao on October 24, a decision he defended by alleging political persecution by the previous administration. The move has ignited debate over cryptocurrency regulatory policy and potential market effects. Binance Coin (BNB) was priced at $1,116.61 with a market capitalization of $155.41 billion on October 23, 2025, data show.