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Coinbase's $2.9 Billion Acquisition: What Deribit’s Acquisition Means for Crypto
Elevate Insights
May 12, 2025
🗣 Quote of the Week
“Try to be a rainbow in someone’s cloud.”
Happy Monday everyone! Coinbase to acquire Deribit in a $2.9 billion deal. making it one of the largest in the crypto space. More on this later in the Weekly Topic!
The Goonies (1985)
In other news, Chicago’s Robert Prevost elected as first American-born Pope. Google shares plummet as Apple explores AI search features. 3G takes Sketchers private for $9.5 billion as tariffs threaten the shoe maker.
⤵️ In this week’s insight:
Weekly Highlights
Why Europe Failed to Dominate Tech
Digital Tool of the Week
AI tool for creating, editing, and monetizing short-form videos.
Weekly Topic
Coinbase's $2.9 Billion Acquisition: What Deribit’s Acquisition Means for Crypto
🔎 Weekly Highlights
This week’s highlight is from Cold Fusion
Summary
Europe's historical contributions to technology have diminished, leading to a notable absence in the global digital landscape, where most top tech companies are American and only a few European brands have global recognition.
Despite having strong industrial sectors and a high level of education, Europe faces challenges like a brain drain and fragmented regulations that hinder the growth of consumer technology, pushing talent and innovation towards the US.
The EU's attempts to bolster its tech ecosystem through regulations and investments in critical areas like semiconductors reflect an effort to regain technological independence
💸 Assets & Commodities
📬 Weekly Trivia
The Simpsons - How the Test Was Won [S20E11]
Q. What is the maximum supply of Bitcoin that can ever exist?
The trivia answer is at the bottom of this week’s insight
🔗 Elevate Sphere
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