Data: Q3 encryption industry M&A transaction volume exceeds 10 billion USD, surging over 30 times compared to a year ago.

According to Mars Finance, data from Architect Partners reported by Bloomberg shows that the merger and acquisition deal amount in the crypto industry surpassed $10 billion for the first time in the third quarter, a more than 30-fold increase compared to a year ago. The article mentions the acquisition deal of 21shares by the crypto assets market maker FalconX, stating that this transaction highlights a broader trend: crypto experts are entering traditional investment channels through regulated products. Trump's policies and the acquisition frenzy they triggered have changed the strategic considerations for companies like 21shares. Regulatory barriers have eased, and Wall Street giants are increasingly venturing into the crypto assets field—forcing existing companies to build competitive barriers around themselves.