Q2 Crypto M&A Hits $12.86B as Binance.US Seeks CFTC License

Crypto M&A and financing reached $12.86B in Q2 with debt rising. Binance.US targets CFTC license for prediction markets, while Metaplanet launches Bitbonds.

Woofun AI data shows that second-quarter cryptocurrency industry financing and M&A activity totaled $12.86 billion, with debt financing emerging as the second-largest capital source. Binance.US intends to apply for a Commodity Futures Trading Commission license next month to launch a prediction market. Metaplanet initiated its first Bitbonds issuance in Japan at a 4% annual interest rate. The Federal Reserve maintained interest rates, while Hawkins County, Tennessee, enacted a ban on crypto mining facilities. JP Morgan reported that hedge funds have achieved 90% deleveraging in Korean stock leveraged ETFs. Bernstein lowered Circle’s target price to $140 from $190, citing reduced threat from Open USD. Meta reported record revenue despite AI costs impacting shares, and Ethereum Institutional closed its initial funding round led by BitMine and SharpLink.