PANews reported on December 24th, citing the Financial Times, that the global crypto industry completed 267 mergers and acquisitions deals in 2025, totaling $8.6 billion , nearly four times the number in 2024 and setting a new record. The Trump administration's prioritization of crypto as a national priority, pushing for regulatory easing, lawsuit dismissals, and the establishment of a national crypto reserve, fueled the influx of capital. Coinbase's $2.9 billion acquisition of Deribit was the largest deal of the year, while Kraken and Ripple acquired NinjaTrader and Hidden Road, respectively. Eleven crypto companies raised a total of $14.6 billion through IPOs throughout the year. The M&A boom is expected to continue in 2026 due to compliance pressures and the implementation of stablecoin regulations.