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Robinhood Markets, Inc. announced Tuesday it will acquire Canadian cryptocurrency firm Wonderfi Technologies Inc. for C$250 million (US$178.98 million), expanding its international footprint in the rapidly growing digital asset sector. Canadian Crypto Leader WonderFi Sold to Robinhood in All-Cash Transaction The all-cash transaction offers Wonderfi shareholders C$0.36 per common share, representing a 41% premium to […]

Brokerage fintech Robinhood is set to acquire WonderFi, a Canadian crypto firm, for about 250 million Canadian dollars ($179 million) in an all-cash deal to expand its global presence.The acquisition is expected to close in the second half of 2025, Robinhood said in a May 13 news release.WonderFi operates two of Canada’s longest-standing regulated crypto trading platforms, Bitbuy and Coinsquare, managing over 2.1 billion Canadian dollars in assets under custody. These platforms offer crypto trading, staking and custody services.“WonderFi has built a formidable family of brands serving beginner and advanced crypto users alike, making them an ideal partner to accelerate Robinhood’s mission in Canada,” said Johann Kerbrat, senior vice president and general manager of Robinhood Crypto.Under the terms of the deal, Robinhood will acquire all outstanding WonderFi shares at 0.36 Canadian dollars per share — a 41% premium over WonderFi’s last closing price on the Toronto Stock Exchange and a 71% premium over its 30-day volume-weighted average price.Before the deal, WonderFi’s market cap was 163.9 million Canadian dollars, and its stock was down 13.6% year-to-date on the Toronto Stock Exchange.The deal remains subject to customary closing conditions, including regulatory and court approvals, as well as approval by WonderFi’s shareholders.Source: RobinhoodRelated: Robinhood beats Q1 estimates despite revenue, crypto trading dipCrypto M&A frenzy picks upRobinhood’s $179 million acquisition of WonderFi is part of a broader wave of crypto industry mergers and acquisitions (M&As) in 2025, spurred by friendlier US regulations under President Donald Trump.Major deals this year include Coinbase’s $2.9 billion purchase of Deribit and Ripple’s $1.25 billion acquisition of Hidden Road.On May 2, Kraken completed its acquisition of the futures trading platform NinjaTrader, which expands the exchange’s customer base and enables it to offer crypto futures and derivatives in the US.Robinhood has also been on a buying spree. In 2024, the brokerage firm acquired Bitstamp cryptocurrency exchange in a $200 million deal, enabling the app to serve institutional clients in the United States.On May 7, it was also reported that Robinhood is developing a blockchain network enabling European retail investors to trade US securities.Notably, WonderFi saw strong performance in 2024, processing 3.57 billion Canadian dollars in trading volume, a 28% increase from the previous year.Magazine: Bitcoin eyes ‘crazy numbers,’ JD Vance set for Bitcoin talk: Hodler’s Digest, May 4 – 10

Key takeaways:XRP price has risen 55% since April and is now flashing bullish continuation signals.Whale flows have flipped positive for the first time since November 2024, historically signaling trend reversals.A falling wedge breakout projects 40% gains ahead, but $2.80 may act as interim resistance.XRP (XRP) has bounced by more than 55% since forming a local bottom at around $1.61 in April. It now signals a further price surge owing to bullish technical patterns and onchain data. XRP/USD daily price chart. Source: TradingViewXRP’s whale flows mirror 2024 price boomXRP whale wallets (addresses holding large amounts of XRP) have been aggressively reducing their holdings since November 2024, according to data resource CryptoQuant. XRP whale flow 30-day moving average vs. price. Source: CryptoQuantThe trend pushed net flows deep into negative territory, preceding the sharp correction in XRP’s price from above $3.55 to under $2.00.As of mid-May 2025, however, the trend has reversed. Whale outflows have been slowing down, turning the 90-day moving average of net flows positive. In the past, most instances where whale flows turned positive after a prolonged negative trend has marked major bottoms or trend reversals. A notable example is XRP’s rally from around $0.43 in July 2024 to $3.55 in January 2025, or around 400% gains, which began as whale outflows slowed and eventually flipped to net inflows.XRP price technical breakout targets $3.45XRP price technicals show it breaking out of a multimonth falling wedge pattern on the 3-day chart, typically viewed as a bullish reversal setup. The wedge, formed between December 2024 and early May 2025, had been compressing price action while volume declined, a classic sign of accumulation.XRP/USD three-day price chart. Source: TradingViewThe breakout occurred in early May near the $2.25 level, just above the 50-period exponential moving average (EMA), which now acts as key support. Based on the wedge’s height, the breakout projects a price target near $3.45, around 40% above current levels.Related: Can XRP price reach $4 in May? Analysts are watching these key levelsXRP’s relative strength index (RSI) also supports the bullish case, bouncing back above 57 and showing renewed buying momentum.The move may not be a straight shot to the target, however. Analyst Mags highlights a key resistance near $2.80 that could temporarily cap XRP’s upside. Source: X/MagsIn the near term, XRP may consolidate above its 50-day EMA, particularly as whale inflows often signal the start of an accumulation phase before a stronger price breakout.“The pace of outflows is slowing, and the bars are curling upward,” wrote Kripto Mavsimi, an analyst associated with CryptoQuant, adding:“It’s not full reversal yet — but it’s the first real sign of stabilization in months.”Such a base-building period would be a healthy development if consistent with how previous whale-driven rallies have unfolded.This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

Web3 and privacy-focused web browser Brave Browser has integrated the Cardano blockchain into its native and standalone wallets.According to a May 12 announcement, the integration stems from a partnership between Brave Browser and Cardano development firm Input Output. Together, the two firms “will integrate Cardano into the Brave Wallet, enabling Cardano blockchain access and token management.” Brendan Eich, co-founder and CEO of Brave and the Basic Attention Token (BAT), said:“Integrating Cardano into Brave Wallet not only expands multi-chain access, but also enhances security, governance participation, and the overall user experience.”Eich explained that Brave focuses on maximizing user choice while providing tools to engage with decentralized ecosystems. With this integration, users of the Web3 browser and standalone wallet will gain direct access to Cardano’s blockchain without leaving the interfaces.Brave had not responded to Cointelegraph’s request for comment by publication.Related: Charles Hoskinson says he ‘knew nothing’ of ADA being selected for US reserveBrave browser keeps expandingBrave already supports the Ethereum and Solana blockchains. The announcement explicitly cites Midnight (NIGHT) as an ecosystem that would benefit from the support:“The partnership also sets the stage for future innovation around engagement with Cardano’s governance and Midnight, a blockchain developed by Shielded Technologies, an Input | Output spinout focused on confidential smart contracts and data protection.“Midnight is a privacy-focused Cardano sidechain. Input Output CEO Charles Hoskinson also recently suggested that the network could also enable free transactions for non-fungible token (NFT) ticket holders.Hoskinson explained that users would be given NFTs on sign-up, which would then give them the right to a certain number of transactions per day. This, he explained, would allow for use cases resembling those of the Web2 model:“Then all of a sudden you have the entire Web2 business model: you can have free accounts and free apps for people to use and they’re using crypto infrastructure but they don’t have to have a token.”Source: MinternRelated: Is Cardano (ADA) a “zombie crypto”?The first collaboration in a long-term partnershipThe announcement hints at more future developments sprouting from the newly formed partnership between Brave Browser and Input Output. The post notes that the collaboration “sets the stage for future innovation around engagement with Cardano’s governance and Midnight.”Eran Barak, the CEO of Midnight, told Cointelegraph in February that transparency, one of blockchain’s biggest selling points, also hinders widespread adoption and applications in fields like business and medicine. He explained that metadata allows individuals to be identified and tracked, hindering blockchain adoption.The development of Midnight follows the team behind the Cardano ecosystem announcing a software toolkit allowing developers to deploy custom-built sidechains in early 2023.Magazine: Charles Hoskinson, Cardano and Ethereum – for the record

Shares of healthcare company KindlyMD (KDLY) skyrocketed by 250% on Monday after the firm announced a merger with Nakamoto Holdings, a Bitcoin (BTC) investment company founded by David Bailey, crypto advisor to President Donald Trump.  KindlyMD Secures $710 Million In Funding According to CNBC, the newly merged entity has secured a substantial financial boost, raising $200 million in convertible debt and an additional $510 million through a private investment in public equity (PIPE) deal.  Investors in the PIPE are purchasing shares at $1.12 each, while the convertible notes will convert at a premium price of $2.80. Notably, these notes are zero-coupon for the first two years, allowing investors a unique opportunity to benefit from future growth. Related Reading: Ethereum Price Completes Bullish Structure Break – $3,000 Comes Next Bailey revealed the overwhelming interest in the offering, stating, “I’ve been raising about $100 million a day. Yesterday, I raised almost $200 million.” The funding round has attracted over 200 investors, including prominent names such as Actai Ventures, Arrington Capital, and Van Eck.  Individual backers include notable figures in the cryptocurrency world, such as cryptographer Adam Back,  CEO of Blockstream, and former Coinbase executive Balaji Srinivasan. A ‘Transformational Transaction’ For Bitcoin Integration Constantine Karides, chair of Reed Smith’s Crypto & Digital Assets Group and lead counsel on the deal, characterized the merger as a “transformational transaction.”  Karides noted that Bitcoin’s rise as a treasury asset is a natural progression, reflecting a broader trend in capital markets toward innovative transaction structures that embrace blockchain technology. The merger’s implications are particularly intriguing given KindlyMD’s existing mission to address opioid addiction. Bailey emphasized that his team sought a “right vehicle” to take Nakamoto public, and KindlyMD’s leadership was already enthusiastic about bitcoin. “What KindlyMD will look like in the future will be different than what it looks like today,” he stated. Related Reading: Ethereum Recovery Gains Strength: Massive Comeback Above Key Support Plans are in place for a rebranding of the combined company, which will also change its ticker symbol from “KDLY.” The vision is to build a global network of bitcoin-focused businesses, with KindlyMD’s healthcare operations gradually taking a smaller role.  However, Tim Pickett, CEO of KindlyMD, assured stakeholders that the clinics would continue to prioritize treating opioid addiction and providing patient-focused care. “This merger represents a strategic leap for KindlyMD, allowing us to expand our mission,” Pickett said.  Pickett also expressed confidence that the partnership with Nakamoto, which brings deep expertise in Bitcoin strategy and treasury management, will drive long-term value for shareholders. Trading at approximately $102,260, BTC’s price has recorded a notable 8% surge in the weekly time frame, hovering just 6% below its all-time high of $109,000 reached in the first quarter of the year.  Featured image from DALL,-E, chart from TradingView.com 

Bitcoin defied expectations in April, delivering double-digit gains while posting lower volatility than major traditional assets.According to analysts at Galaxy Digital, Bitcoin’s (BTC) realized volatility over the past 10 trading sessions dropped to 43.86, lower than the S&P 500’s 47.29 and the Nasdaq 100’s 51.26 — an unusual “positioning for a digital asset traditionally known for its outsized volatility.”The data point comes against a backdrop of renewed financial turbulence. Since US President Donald Trump’s Liberation Day tariff announcement on April 2, traditional markets have wobbled.The Nasdaq Composite is flat, the Bloomberg Dollar Index fell nearly 4%, and even gold (typically a safe haven) briefly hit $3,500 per ounce before pulling back to a 5.75% gain, Galaxy Digital analysts wrote in a May 12 note.However, they noted that Bitcoin surged 11% over the same period, reinforcing its evolving role as a macro hedge amid geopolitical and fiscal uncertainty.The Nasdaq Composite Index has been in the red over the past six months. Source: NasdaqRelated: Bitcoin illiquid supply hits 14M BTC as hodlers set bull market recordBitcoin’s correlation with major indexes declinesThe analysts noted that Bitcoin still maintains elevated 30-day correlations with major indexes, around 0.62 with the S&P and 0.64 with the Nasdaq. However, its beta has declined, signaling that investors may be treating it less as a high-risk asset and more as a long-term allocation.“Bitcoin as a non-sovereign asset means an investor doesn’t need the full faith or tax basis of a nation to support the integrity of the asset,” said Chris Rhine, head of liquid active strategies at Galaxy.Galaxy said that the recent investor behavior mirrors what was observed during the 2018–2019 US-China trade tensions when Bitcoin rallied amid rising global uncertainty.Hank Huang, CEO of Kronos Research, told Cointelegraph that surging ETF inflows and Strategy’s ongoing Bitcoin purchases are helping reshape Bitcoin into a digital version of gold, less tied to equities.“As institutions deepen liquidity, volatility drops, making Bitcoin a cornerstone for portfolios,” Huang added.Institutions view Bitcoin as hedgeMeanwhile, Galaxy’s OTC trading desk said the market posture is “tactically cautious but structurally constructive,” marked by disciplined leverage and low hedging stress.With 95% of Bitcoin’s total supply already mined and growing interest from institutions, ETFs and even governments, Bitcoin is increasingly being viewed as a digital store of value.“Bitcoin’s supply and demand dynamics are solidifying its place as a mature digital store of value,” said Ian Kolman, co-portfolio manager at Galaxy.On April 25, Jay Jacobs, BlackRock’s head of thematics and active ETFs, said there has been a long-term trend in which countries have been reducing their reliance on dollar-based reserves in favor of assets like gold and, increasingly, Bitcoin.He noted that geopolitical fragmentation is fueling demand for uncorrelated assets, with Bitcoin increasingly viewed alongside gold as a safe-haven asset.Magazine: Bitcoin eyes’ crazy numbers,’ JD Vance set for Bitcoin talk: Hodler’s Digest, May 4 – 10

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Given the inelastic supply of gold, JPMorgan analysts believe the precious metal could reach prices of $6,000 per troy ounce by 2029. The bank stated that a shift of just 0.5% of U.S. assets held abroad into gold could send prices soaring. JPMorgan: Gold Might Soar to $6,000 by Trump’s Term End Gold, which has […]

Solaxy ($SOLX) is a new cryptocurrency project aimed at enhancing blockchain scalability and performance with the use of Layer-2 technology on the Solana network. It is mainly aimed at offering faster transactions and reduced fees for developers and users. The token started from a presale of $0.001 and has just hit about $0.001722. This early…
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