NUMBER OF CRYPTO M&A DEALS PLUMMETED IN Q2

Summary from the TLDR Crypto newsletter

In Q2, crypto M&A numbers fell, with intra-sector deals down 50%. According to Architect Partners, there were only 32 transactions during this period, a steep decline compared to the previous quarter's high of 54. Total deal value also dropped to $370 million from approximately $400 million last quarter. The analysis attributed this dip to crypto companies becoming more selective in their business choices. Laser Digital’s acquisition of Elysium Technology Group and Ripple's purchase of Metaco were some of the big deals of the month.