mergers and acquisitions

Crypto Has 'Too Many Tokens' and Mergers Are Coming

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Crypto Has 'Too Many Tokens' and Mergers Are Coming

[ad_1] Naturally, projects that aren’t able to compete with the larger competitors will look to merge their businesses to stay afloat. “The next wave of M&A is likely to occur in sectors where there is a high degree of fragmentation, like Layer 1 chains that didn’t break Top 10, DEXs, DeFi protocols, node operators, and … Read more

DCG's Barry Silbert Pitched Genesis-Gemini Merger in a Drastic Bid to Save the Lender in 2022

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DCG's Barry Silbert Pitched Genesis-Gemini Merger in a Drastic Bid to Save the Lender in 2022

[ad_1] In an email from Oct. 20, 2022, Silbert described a lunch meeting with Winklevoss where he discussed the challenges facing Genesis and, by extension, the Gemini Earn platform, which operated in conjunction with the DCG-owned lender. Silbert suggested a merger of the two firms, which could later lead to the merged companies going public. … Read more