Bitcoin (BTCUSD) reached a record high of over $126,000, with stablecoin payments surging 30x to $3 billion monthly. Visa (V) is even testing stablecoin prefunding. Coinbase (COIN) saw significant gains and is in talks with Mastercard (MA) to acquire BVNK for $1.5-2.5 billion. The company reported Q2 numbers, missing estimates but still showing solid revenue. A potential BVNK deal would strengthen Coinbase’s position in stablecoins and blockchain payments. The company has made strategic moves, like acquiring Deribit and investing in Stablecorp, to boost its presence in the crypto market and attract institutions. Analysts remain bullish on Coinbase, with an average price target of $383.74. Management expects Q3 revenue to rise due to stablecoin growth. The upcoming earnings report on Oct. 30 will be a key driver for Coinbase’s stock performance.

Read more at Yahoo Finance: Coinbase Is Eyeing a Stablecoin Acquisition. Should You Buy COIN Stock Here?