Latest Business crypto news, drawn from two or more publishers, with short briefs and links to the original reports.
tZERO announced a SPAC merger with FG Imperii Acquisition Corp. at a $350 million pre‑money valuation. The combined company aims to list on NYSE American under the ticker TZRO in early 2027.
OpenAI lowered its valuation target to $1.25 trillion after facing cooling demand from investors. The company adjusted its capital goals following a technology sector selloff.
Galaxy Digital reported $323 million in net income for the third quarter of 2026. The firm reversed a second quarter loss and approved a new $200 million share repurchase program.
Robinhood reported record third-quarter total revenue of $1.42 billion as growth in options and other services offset a 55% year-over-year drop in cryptocurrency transaction revenue to $120 million.
Zcash cofounder Sean Bowe proposed ending the automatic 8% funding stream for Zcash Community Grants. Bowe published a draft GitHub proposal to redirect the allocation to the Network Sustainability Mechanism.
This week several major tech companies and crypto‑related firms will release quarterly results. Analysts expect varied outcomes, with profit forecasts for some crypto firms and loss expectations for others.
Fireblocks denied an Axios report that Visa was in late-stage talks to acquire it for about $2.5 billion.
Visa is reportedly in talks to acquire Fireblocks for about $2.5 billion, according to an October 22 Axios report. Fireblocks provides crypto custody and stablecoin infrastructure.
Tesla shares fell 3.32% after earnings, while the company and SpaceX each set up special committees to study a merger.
Elon Musk stated during a quarterly earnings call that Tesla and SpaceX formed special committees to review a potential merger. The deal remains exploratory and faces high voting hurdles.
Tether led a $15 million Series A for Mural, bringing the New York-based startup's total funding to $28 million. North Island Ventures and existing investors participated.
SpaceX reported third-quarter 2026 revenue of $14.6 billion, up 161% year on year. AI compute leasing drove much of the growth, with AI revenue above half of the total. The company posted $4.4 billion in net income.
IPX Exchange closed a $4 million seed round at a $125 million valuation. Bitsurge Holdings led the round, with YICIPX Holdings Family Office participating.
CoreWeave shares fell sharply as yields on its debt climbed toward 15% or higher. The AI cloud provider relies on borrowed money to fund its AI data center and computing equipment buildout.
Original reports available. Automatic summary unavailable.
Original reports available. Automatic summary unavailable.
Original reports available. Automatic summary unavailable.
Morgan Stanley raised its Coinbase forecast from $250 to $258 and kept an Equal Weight rating. Citizens JMP cut its Coinbase forecast to $280 from $325.
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