Bitcoin

This deal underscores a broader trend of cash-rich industrials deploying capital into M&A rather than innovation or high-risk assets, reinforcing a 'flight to safety' narrative that depresses crypto sentiment. Meanwhile, extreme fear (Greed index 8) suggests market participants are already pricing in further downside, making any diversion of capital more impactful.

Ingredion Inc. agreed to acquire UK-based rival Tate & Lyle Plc for £2.7 billion ($3.6 billion).