JB_9

2.9 billion dollars record, Coinbase acquires Deribit reshaping the crypto derivatives market

In 2025, Coinbase announced the acquisition of the crypto options exchange Deribit for 2.9 billion dollars (700 million dollars in cash + 11 million Class A common stock), setting a new record for acquisitions in the crypto industry.

As the largest crypto options platform by market share, Deribit accounted for 80% of Bitcoin options trading volume and 90% of Ethereum options during the 2024 bull market, prompting significant industry reactions.

Deribit was founded by the Jansen brothers in 2016 to fill the gap in the crypto options market. During the 2024 bull market, its annual trading volume exceeded 1.1 trillion dollars, with daily trading volume surpassing 1.9 billion dollars, and open interest reaching a historical high of 48 billion dollars, with business covering 160 countries and regions, and obtaining a VARA license in Dubai.

Coinbase's ambitions and industry impact
This acquisition is the largest ever for Coinbase. In 2024, the global average daily trading volume of crypto derivatives exceeded 100 billion dollars. Although Coinbase is expanding its derivatives business, acquiring Deribit allows it to quickly acquire 30 billion dollars in open interest and over 1 trillion dollars in trading volume, directly competing with giants like Binance and Bybit.

The acquisition will increase market concentration, accelerate industry consolidation, and attract more traditional financial institutions to enter the market. However, whether Coinbase can maintain Deribit's professional advantages remains to be seen.

Ethereum Pectra Upgrade: Bringing Key Changes

On May 7, 2025, Ethereum will undergo its largest upgrade to date — Pectra. This upgrade significantly optimizes user experience, Layer 2 blockchain, and validator functions through a series of small-scale improvements.

In terms of user experience, Pectra implements batch transaction processing, eliminating frequent transaction approval pop-ups for a smoother operation; it also supports payment of transaction fees using any token, allowing users to better understand transaction costs.

Regarding Layer 2 blockchain, Pectra doubles the number of blobs that Ethereum can process. Based on the blob data storage format introduced by Dencun, this move enhances the capacity of Layer 2 blockchains, keeping transaction fees at relatively reasonable levels even during peak usage.

Validator efficiency is also improved. Validators can consolidate staked funds, increasing the management cap from 32 ETH to 2,048 ETH, significantly reducing operational costs.

Despite the many benefits brought by Pectra, the performance of Ethereum cryptocurrency still lags behind competitors like Bitcoin and Solana. The new leadership of the Ethereum Foundation has expressed its commitment to enhancing Ethereum's price and performance, with the next major upgrade, Fusaka, expected to launch in the second half of this year, aimed at increasing the decentralization of the blockchain.

#ETH

#本周高光时刻 $BTC Impact 200

What a great bull market, what a great Ethereum, if it weren't for 3200 I would have gotten on board, I should be going out and having fun now! $BTC $ETH #本周高光时刻 #BTC重返10万

🔊 Part 03 of Our Audio Live has ended.
❤️ Special thanks to the co-host and speakers.
@Twin Tulips @Sikandar-Siddiqui @NextBTCWhale

The Ethereum series has fully launched an upward trend!
I reminded everyone a week ago to focus on the strong assets in the Ethereum series! It was weak for a while and kept falling, but once it starts to rise, its explosive power is extremely strong!

So, always remember this saying: Buy when no one is asking, sell when the crowd is noisy!

#本周高光时刻 #BTC重返10万 #山寨季何时到来？ #ETH #以太坊Pectra升级如何影响生態？

Family, good news is here! #CHR is like a dazzling firework that has taken off, successfully soaring! 🛫 Yesterday at 11 o'clock, we reminded everyone to enter again. Just now, the price has soared, reaching a high of 0.098, successfully completing target 2, with returns exceeding 1742%! As per the usual practice, let's set BE immediately and securely lock in this amazing profit. Keep an eye on $CHR , as there may be more excitement waiting for us ahead!

At 4 PM on 点击进入聊天室二群抢50u口令, the red envelope will be sent on time, which is tomorrow afternoon. A group has already received it, and now it's the turn for the second group! Last reminder, as the market warms up, grab a red envelope and have some fun, everyone gets a share of one or two U.
Usually, we can discuss the market and share strategies; advertising is prohibited.

Wow wow wow, I woke up and it feels like the sky is about to fall for the Air Force. ETH surged 20% and broke above 2200+, while Bitcoin is back at a hundred thousand! It's really crazy. Don't hold onto the long positions (ETH and Trump) that were set up yesterday morning; even the ETH and SOL that I suggested for my brothers later have also performed well, including the YGG and KERNEL that I set up afterwards! This time, I give myself a score of 90, haha, let's be modest! Congratulations to the members of the free family for winning big! PS: I don't have any paid projects, be cautious of scams!

Yesterday I predicted the positions for the brothers: sol:165; eth2112!
The sol error is one point, eth2112 arrived as promised
After waking up, I found that the long positions I told the brothers to chase last night had been automatically closed for profit, haha. With such a clear structure for going long, it’s simply like picking up money with your eyes closed. If there were still teachers telling you to short yesterday, they really deserve to be sent to the moon with a cannon as Trump would say!
So, this five-wave analysis method is like this. What we are playing with is the precise strikes of large risk-reward ratios and the accurate grasp of direction!

This is my friend @VNwallstreet Crypto . He's a pro trader, Kols.

I hope everyone follows him to gain more knowledge about crypto.

#KOLSeason

Wow, family! We must congratulate on #TRB , it's like installing a powerful engine, and it took off directly! 🛫 At 2 AM today, we decisively entered at the price of 30.5. Hey, look at this market, it just peaked at 32.9, successfully hitting target 2, with profits exceeding 570%! Still sticking to the old habit, let's set BE right away to firmly hold onto the profits we have. Keep a close eye on $TRB , who knows there might be even bigger surprises waiting for us!

Work hard, let's push for 70K followers😁