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Mergers
Pudgy Penguins NFT Collection Looks to Next Chapter With $2.5M Sale
The collection of 8,888 digital penguins has been sold to LA-based entrepreneur Luca Netz in a 750 ETH deal.

Bitcoin Miner PrimeBlock Plans to Go Public With $1.25B SPAC Merger
The deal is expected to close in the second half of this year.

Galaxy Digital Tweaks BitGo Purchase Terms as It Awaits SEC Action
The acquisition was announced last May with an expectation of closing by the end of 2021.

Crypto Exchange Coincheck to List on Nasdaq via $1.25B Merger
The proposed listing will be through a deal with a blank check company.

Ethereum Merge Takes Place on Kiln Testnet
Kiln is the final public testnet before Ethereum’s transition to a proof-of-stake network.

Crypto Firms May Look at Traditional Finance Firms as M&A Targets
We asked several industry participants if Wall Street incumbents might start making deals for crypto companies. Some predicted the opposite.

Crypto Custodian Fireblocks Acquires Stablecoin Firm First Digital
The move takes institution-focused Fireblocks into the business-to-consumer and cross-border payments spaces.

Crypto M&A Surged Nearly 5,000% in 2021, PwC Report Says
The average deal size more than tripled from 2020 to $179.7 million.

Crypto Exchange Apifiny Going Public Through $530M SPAC Merger
The firm will list on the Nasdaq after combining with Abri SPAC I.
