Happy Thursday!

Bitcoin has hit $100,000 again, and it could go even higher, according to experts. How quickly can BTC hit another all-time high?

Coinbase has made a significant acquisition for almost $3 billion, penetrating the crypto options market. Here’s what happened.

Plus, don’t miss Benzinga’s must-attend virtual forum on the rapidly evolving ETF market! Join us on June 5th at 10 am ET to explore the latest trends in crypto ETFs, thematic ETFs and innovative structures. Gain valuable insights into strategies reshaping how financial advisors guide clients and how retail investors adjust their portfolios. Click here to reserve your spot.

TOP STORY

Bitcoin, Ethereum, XRP Surge As Experts Predict BTC To $112,000 Soon

Bitcoin has pushed above the $100,000 mark once again, with analysts forecasting a potential breakout to $112,000 and beyond while warning that altcoins remain structurally weak amid rising dominance and macro shifts favoring BTC.

How fast can Bitcoin reach a new all-time high?

Read the full scoop here.

SPECIAL OFFER

Don’t miss Benzinga’s must-attend virtual forum on the rapidly evolving ETF market! Join us on June 5th at 10 am ET to explore the latest trends in crypto ETFs, thematic ETFs, and innovative structures. Gain valuable insights into strategies reshaping how financial advisors guide clients and how retail investors adjust their portfolios.

Click here to reserve your spot today!

QUICK N DIRTY

Anthony Scaramucci compared Trump’s crypto policy to a buffet at Mar-a-Lago: ‘you have to eat everything at the table’. What did he mean by that?

Bitcoin could go much higher than $120,000 this quarter, according to Standard Chartered analysts, who apologized for their ‘too low’ target.

Shiba Inu has spiked 5% in overnight trading and looks to be gearing up for a move higher: has the bull run restarted for SHIB?

FINTECH FOCUS

Coinbase Acquires Deribit In $2.9B Deal To Expand Crypto Derivatives Business

Coinbase is acquiring crypto options exchange Deribit for approximately $2.9 billion in a cash-and-stock deal, marking the company’s most significant push yet into the global crypto derivatives market.

The acquisition, which includes $700 million in cash and 11 million shares of Coinbase Class A stock, is expected to close by the end of the year, pending regulatory approval and customary closing conditions.

Once finalized, it will make Coinbase the largest crypto derivatives platform by open interest and options volume.

What does this mean for Coinbase stock?

Read the full scoop here.

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