Day

May 9, 2025

Bitcoin hits $103K but DeFi is a mixed bag: Finance Redefined

May 9, 20250
The cryptocurrency market continued to surge this past week as the overall digital asset market capitalization exceeded $3.27 trillion, an 8.6% increase over the previous week.Bitcoin (BTC) reached a high of $103,600 on May 8 after reclaiming $100,000 for the first time since January. Its market dominance also surged above 60%, reflecting more bullish BTC...

Galaxy Digital approved for US domicile, clearing way for Nasdaq listing

May 9, 20250
Galaxy Digital has been approved by the US Securities and Exchange Commission (SEC) to redomicile in the United States, setting the stage for the crypto investment company’s listing on the Nasdaq stock exchange.Galaxy anticipates listing on the Nasdaq, a tech-focused US stock exchange, by the middle of May, pending approval from the Toronto Stock Exchange, on...

Chance of Bitcoin price highs above $110K in May increasing — Here’s why

May 9, 20250
Key Takeaways:Bitcoin is driven by its ability to perform well in risk-on and risk-off environments, according to Bitcoin Suisse. Bitcoin’s Sharpe ratio of 1.72, second only to gold, underscores its maturity as an asset, offering superior risk-adjusted returns.A buyer-dominant market signals strong institutional and retail interest that could drive a supply squeeze and break new...

Is Ripple’s Hidden Road deal part of a SoftBank-like playbook?

May 9, 20250
Ripple has made a slew of acquisitions to control key transaction rails and route them through XRP and its stablecoin, Ripple USD (RLUSD), drawing comparisons to Japanese investment firm SoftBank. The $1.25-billion acquisition of Hidden Road on April 8 allows Ripple to use RLUSD as collateral in the firm’s prime brokerage products. Hidden Road will also...

Is Bitcoin about to go parabolic? BTC price targets include $160K next

May 9, 20250
Key points:Bitcoin continues to attack a key resistance zone below all-time highs.“Parabolic” BTC price talk begins to resurface as bulls hold six figures after the Wall Street open.Signs of profit-taking are increasing amid the highest prices since January.Bitcoin (BTC) is attracting “parabolic” price targets as bulls continue to hold six figures on May 9.BTC/USD 1-hour...

AI's GPU obsession blinds us to a cheaper, smarter solution

May 9, 20250
Opinion by: Naman Kabra, co-founder and CEO of NodeOps NetworkGraphics Processing Units (GPUs) have become the default hardware for many AI workloads, especially when training large models. That thinking is everywhere. While it makes sense in some contexts, it’s also created a blind spot that’s holding us back.GPUs have earned their reputation. They’re incredible at...

Institutional investors continue to scoop up Bitcoin above $100K

May 9, 20250
Bitcoin crossed the $100,000 mark again on May 8 as institutional investors continue stacking sats.Farside Investors’ data shows that spot Bitcoin (BTC) exchange-traded funds (ETFs) recorded cumulative net inflows of $142.3 million on May 7, in a sign of “sustained institutional interest,” according to the founder of Obchakevich Research, Alex Obchakevich.“These inflows indicate the activity...

TapSwap on Telegram: Is it legit or a scam?

May 9, 20250
What is TapSwap on Telegram? TapSwap is a tap-to-earn Web3 application that lives inside Telegram — no separate download required.Are your crypto friends obsessed with tapping their phones all the time? Welcome to the world of TapSwap. TapSwap is a tap-to-earn game released in mid-2024 in the Telegram Mini Apps ecosystem. The game quickly catches...

Gemini to launch crypto derivatives in Europe with new license

May 9, 20250
Gemini, the cryptocurrency exchange founded by Cameron and Tyler Winklevoss, has received regulatory approval to expand crypto derivatives trading across Europe.Gemini secured a Markets in Financial Instruments Directive II (MiFID II) license from the Malta Financial Services Authority (MFSA), allowing the exchange to offer crypto derivatives in the European Union, it announced on May 9.“Once...

Ethereum Foundation distributed $32.6M grants to ecosystem in Q1

May 9, 20250
The Ethereum Foundation, the nonprofit that supports development across the Ethereum blockchain, distributed $32.6 million in grants in the first quarter of 2025. In an allocation update, the organization reported spending on various initiatives through its Ecosystem Support Program (ESP). Categories included community and educational grants, zero-knowledge and cryptography. Other allocations included execution layers, developer experience and...
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