Data: In October, the encryption industry saw 21 merger and acquisition transactions, setting a new historical record.

According to ChainCatcher news and RootData data, in October this year, there were a total of 21 public acquisition transactions in the encryption industry, including Coinbase's acquisition of echo for $375 million, Kranken's acquisition of the SMALL exchange for $100 million, and Modern Treasury's acquisition of Beam for $40 million. Additionally, Aave, Blockstream, CoinShares, Fireblocks, Figment, Plume, Ondo Finance, Farcaster, and others have also engaged in acquisitions. Meanwhile, the cumulative number of acquisition events in the encryption industry has reached 144 this year, an increase of over 100% compared to the same period last year, setting a new historical record.