PANews reported on October 23rd that according to Bloomberg, data from Architect Partners showed that crypto industry mergers and acquisitions exceeded $10 billion for the first time in the third quarter, a more than 30-fold increase from a year ago. The article mentioned the acquisition of 21shares by cryptocurrency market maker FalconX, saying the deal highlights a broader trend: cryptocurrency experts are entering traditional investment channels through regulated products. Trump's policies and the resulting M&A boom have changed the strategic calculations of companies like 21shares. With regulatory barriers easing, Wall Street giants have entered the cryptocurrency field—forcing incumbents to build their own competitive barriers.PANews reported on October 23rd that according to Bloomberg, data from Architect Partners showed that crypto industry mergers and acquisitions exceeded $10 billion for the first time in the third quarter, a more than 30-fold increase from a year ago. The article mentioned the acquisition of 21shares by cryptocurrency market maker FalconX, saying the deal highlights a broader trend: cryptocurrency experts are entering traditional investment channels through regulated products. Trump's policies and the resulting M&A boom have changed the strategic calculations of companies like 21shares. With regulatory barriers easing, Wall Street giants have entered the cryptocurrency field—forcing incumbents to build their own competitive barriers.