Last Week in Crypto - Oct 16

My former employer in the news...ugh 🙈

Oct 16, 2025

Not a lot of commentary in terms of building this thing. For those who have given me feedback so far, thanks! If you have thoughts on how to improve this automatic algorithmically generated digest of what is significant in crypto from the past week, let me know!

Last Week in Crypto:

• Ripple completes $1B GTreasury acquisition for enterprise treasury management (via CoinDesk) 🔥🔥🔥🔥🔥

• UK prosecutors seek to confiscate $6.8B in bitcoin from 2017 China fraud case (via Bloomberg) 🔥🔥🔥🔥🔥

• Trump family’s crypto ventures generate over $1B in pre-tax profits (via Financial Times) 🔥🔥🔥🔥🔥

• Justice Department seizes $15B in bitcoin in largest-ever forfeiture (via CNBC) 🔥🔥🔥🔥🔥

• Coinbase debuts business-focused stablecoin payment service with Circle revenue share (via CoinDesk) 🔥🔥🔥🔥

• a16z Crypto pours $50M into Solana infrastructure firm Jito (via The Block) 🔥🔥🔥🔥

• Kraken acquires Small Exchange for $100M ahead of planned IPO (via Bloomberg) 🔥🔥🔥🔥

• Coinbase invests in Indian exchange CoinDCX valued at $2.45B (via The Block) 🔥🔥🔥🔥

• Paxos accidentally mints $300T of PayPal stablecoin PYUSD before burning it (via Decrypt) 🔥🔥🔥🔥

• OpenSea pivots to crypto trading aggregator with $1.6B in October trades (via Forbes) 🔥🔥🔥🔥

• Stripe’s Bridge unit applies for national banking charter (via Decrypt) 🔥🔥🔥🔥