Crypto deals hit a record US$8.6 billion as market strains grow
[PORTLAND] A record-breaking year for crypto mergers and acquisitions is facing a harsh reckoning since a recent rout in digital assets began to unravel industry gains spurred by a friendlier administration in the White House.
Capitalising on political tailwinds, major crypto firms have pushed deal values past US$8.6 billion this year to Nov 20, an all-time high and more than the four previous years combined, according to PitchBook Data. The trend fits with data from crypto advisory Architect Partners, which used a different methodology to find that related deals reached US$12.9 billion so far this year, up sharply from US$2.8 billion last year.
“Major crypto companies have become more acquisitive in 2025, with rate cuts, regulatory…
