Coinbase is reportedly in late-stage negotiations to acquire stablecoin startup BVNK for $2 billion, signaling a strategic push to enhance its payment infrastructure. This move comes as the exchange seeks to expand its capabilities in the stablecoin sector. In regulatory developments, the European Commission is preparing a proposal to grant the European Securities and Markets Authority (ESMA) oversight powers similar to the U.S. SEC over crypto exchanges. The draft is expected to be unveiled in December. Meanwhile, Bybit has announced a halt on new user signups in Japan starting October 31, as it adjusts to new regulatory requirements. Existing users will not be affected by this change.