According to @MilkRoadDaily, Coinbase acquired Cobie’s investing platform Echo (Echo.xyz) for $375 million, with Echo enabling crypto projects and creators to raise capital directly on the blockchain (source: @MilkRoadDaily on X, Oct 21, 2025). According to @MilkRoadDaily, this marks Coinbase’s 8th deal of the year, underscoring continued M&A activity focused on on-chain fundraising infrastructure (source: @MilkRoadDaily on X, Oct 21, 2025).