Mastercard is preparing a major acquisition, OpenAI is considering a historic IPO, and Bitcoin is correcting amid overly optimistic predictions. The night was also marked by new developments involving Solana, Google, and ConsenSys.
ConsenSys prepares to go public
According to Axios, ConsenSys, the creator of MetaMask, had selected banks to prepare for its initial public offering. This initiative was part of a wave of crypto IPOs in 2025, where the company sought to demonstrate the value of blockchain while deploying a token-based economy.
Fidelity pushes its Solana spot ETF
Fidelity updated its application for a Solana spot ETF with the SEC, revealing a fee of 0.25%. This announcement came as late October saw significant activity surrounding Solana, with several new spot ETFs, including Bitwise’s (BSOL), and a similar approval in Hong Kong.
Mastercard Prepares to Acquire ZeroHash
According to Fortune, Mastercard was preparing to acquire the crypto startup ZeroHash for nearly $2 billion. This move was part of a broader strategy in which the payments giant has been ramping up acquisitions related to stablecoins and crypto infrastructure, notably with discussions surrounding BVNK, the launch of the Evo stablecoin in Kazakhstan with Solana, and its strengthened collaboration with Circle.
OpenAI Prepares for a Record-Breaking IPO
According to Reuters, OpenAI was preparing for an initial public offering potentially valued at over $1 trillion, which would make it one of the largest in history.
BNY Mellon and Securitize Launch Tokenization of Collateralized Loans
Securitize and BNY Mellon have launched a tokenized fund backed by AAA-rated collateralized loan obligations on the blockchain. This initiative is part of BNY Mellon’s strategy to expand the use of tokenization, supported by its $133 million investment in Fireblocks.
