KUALA LUMPUR, Sept 4 (Bernama) -- Bursa Malaysia ended lower on the final trading day of the week, weighed down by the plantation sector as investors locked in gains following its recent strong performance. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) eased 7.03 points 1,708.10, compared with yesterday’s close of 1,715.13. The benchmark index opened 1.39 points lower at 1,713.74 and fluctuated between 1,704.86 and 1,715.20 throughout the day. The broader market was negative with losers outnumbering gainers 568 to 523, while 596 counters were unchanged, 1,085 untraded and 19 suspended. Turnover expanded to 4.33 billion units valued at RM2.98 billion from 3.90 billion units valued at RM3.21 billion on Thursday.
Coinbase Global Inc. has called off its planned US$2 billion acquisition of BVNK , a UK-based stablecoin infrastructure startup, ending what could have been one of the crypto industry’s biggest M&A deals this year. “After discussing a potential acquisition of BVNK, both parties mutually agreed to not move forward,” a Coinbase spokesperson said in a statement. BVNK did not immediately comment. Key Takeaways 1. A high-profile deal that fizzled out Talks between Coinbase and BVNK had reached an advanced stage, with both sides expecting to finalize the deal by year-end or early 2026. The decision to walk away marks a rare pullback for Coinbase, which has aggressively expanded into new verticals such as stablecoins and global payments . 2. Coinbase’s venture arm already has skin in the game Even without the acquisition, Coinbase Ventures remains an investor in BVNK. The startup provides key stablecoin infrastru...