UK FCA publishes final crypto regulatory rules, effective October 2027.

According to HTX market data, Bitcoin has fallen below $59,000, posting a 2.80% decline over the past 24 hours.

Rocket Lab announced on Monday that it will acquire satellite communications service provider Iridium Communications (IRDM.O) for approximately $8 billion, with the transaction expected to close in mid-2027. Iridium shareholders will receive $27 in cash plus company stock per share, for a total value of $54 per share, a 24.1% premium over the previous trading day’s closing price. The acquisition will integrate Rocket Lab’s launch and satellite manufacturing operations with Iridium’s global L-band satellite network, licensed spectrum resources, and over 2.5 million customers spanning government, defense, aviation, maritime, and commercial sectors, enabling the combined entity to form a vertically integrated model similar to SpaceX and its Starlink division. This marks Rocket Lab’s fourth acquisition of the year. Analysts believe the deal will immediately grant the company access to a mature customer base and distribution network, with its value potentially exceeding that of the hardware and spectrum resources alone. To fund the cash portion, Rocket Lab has secured a $3.6 billion bridge loan commitment from Deutsche Bank and Wells Fargo. Notably, the transaction comes as SpaceX completes the world’s largest $86 billion IPO this month, amid its ongoing expansion of satellite communications and AI infrastructure business. SpaceX had previously reached an agreement to acquire spectrum resources from EchoStar. Amid a wave of consolidation in the space industry, Rocket Lab is seeking to build a closed-loop "launch + satellite network" framework to directly challenge SpaceX’s leading position in the satellite communications sector.

Nasdaq-listed company Sharplink (ticker: SBET) announced it purchased 10,000 Ether at an average price of approximately $1,611, bringing its total ETH holdings to 886,725 units. The holdings consist of 632,719 native ETH, 181,299 ETH redeemable via LsETH, and 72,707 ETH redeemable via weETH. Separately, the company repurchased 2,132,773 common shares on the open market at an average price of $4.69, bringing total repurchases since the launch of its buyback program in August 2025 to 4,071,223 shares. This week, the firm also raised $75 million through a registered direct offering of common stock and warrants.

Goldman Lampe Private Bank, headquartered in Ras Al Khaimah, UAE, announced it has capitalized on the recent crypto market pullback to acquire approximately €120 million worth of Bitcoin. The bank claims to be the world’s first financial institution to launch cryptocurrency time deposit products. Its board chairman stated that this dip investment aims to strengthen institutional holdings and solidify the bank’s leading position in the integration of traditional private banking and crypto assets. Founded in 1934, the bank’s core businesses include private banking, wealth management and gold trading.

Saudi Arabia’s Al Arabiya TV cited sources as reporting that Iranian and U.S. delegations will hold indirect talks in Qatar tomorrow with the participation of mediators. The negotiations will focus on the Strait of Hormuz and overall regional stability. Sources also noted that Iran will receive $3 billion in frozen assets by the end of this week. Both delegations are expected to meet separately with Qatar’s Prime Minister and Pakistani mediators in Doha today. Earlier, Iranian Foreign Ministry spokesperson Baghaei stated that the release of the frozen assets is underway.

New York Life Investment Management (NYLIM), the asset management division of life insurance giant New York Life, which oversees $807 billion in assets, announced a partnership with tokenization platform Centrifuge to launch its first blockchain-based investment product: the NYLIM Anemoy U.S. High-Yield Corporate Bond Separate Portfolio (HYB), bringing its U.S. high-yield corporate bond strategy on-chain. Eligible investors can use Circle-issued USDC stablecoin to subscribe for and redeem shares, while the underlying portfolio remains managed by New York Life. This collaboration expands Centrifuge’s roster of partner asset managers; the platform has previously provided tokenization services to institutions including Apollo and Janus Henderson, with its related assets increasingly integrated into DeFi protocols such as Aave and Morpho. Centrifuge is also Coinbase’s preferred tokenization partner and has received strategic investment from the crypto exchange. According to data from rwa.xyz, the current market size of tokenized real-world assets (excluding stablecoins) has surpassed $300 billion. Citi forecasts the tokenized asset market could reach $5.5 trillion by the 2030s, while Standard Chartered projects it will expand to $2 trillion by 2028. Institutional focus in this space is shifting from early-stage tokenized U.S. Treasury bond funds to a broader range of asset classes including private credit, equities, and corporate bonds.