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Last week saw another batch of new money flowing into crypto funds. As reported by CoinShares, investment products attracted over $880 million over the course of seven days. That brings year-to-date inflows to $6.7 billion. Prices have been trending upward, with Bitcoin temporarily reaching $105,000 and Ethereum being traded above $2,600. Investors are appearing to be stepping in while the opportunity is still hot. Related Reading: Bitcoin’s $104,000 Peak Sparks High-Stakes Short Positions – Details Weekly Inflows Indicate Continued Demand According to the latest data, $882 million poured into crypto products last week. That is the fourth consecutive week of inflows. It might not rattle the broader markets, but it indicates money continues to flow in. Managers have gathered $6.7 billion in net new cash so far this year. In plain language, that’s a steady stream of new capital flowing towards these funds. Bitcoin Dominates The Inflows Bitcoin funds saw $867 million of those inflows. A big chunk of that went into US-listed ETFs. Since January 2024, those Bitcoin ETFs have gathered nearly $63 billion. They just passed their all-time high of $61.6 billion set back in February. In contrast, Ethereum products only took in $1.5 million last week. That gap shows where most investors still feel safest. Sui And Other Altcoins Catch Some Attention Some of the smaller coins were in the limelight. Sui attracted $11.7 million in just one week, surpassing Solana and Ethereum during that span. Its year-to-date figure so far stands at $84 million, narrowly over Solana’s $76 million. XRP, for its part, posted $1.4 million of weekly inflows, taking its YTD at $258 million. XRP’s assets under management are currently at $1.35 billion. Other altcoins showed only small moves, which tells us money is picking spots rather than spreading out. Source: CoinShares Regional Flows Favor The US The United States dominated all regions with $840 million of last week’s total. Germany accounted for a little over $44 million and Australia $10 million. Conversely, Sweden experienced the largest outflows at $12 million. Hong Kong lost $8 million and Canada $4.3 million. Those numbers highlight just how much the US market—led by heavy hitters such as BlackRock—is still in charge. Related Reading: Bitcoin’s Grip Loosens: Market Expert Says Dominance Has Hit Its Ceiling BlackRock’s iShares Bitcoin ETF was the best performer, bringing in over $1 billion last week. That was partially offset by $257 million in outflows from providers like Grayscale and Bitwise. Overall, it appears that one provider’s large gain can be equaled by several others’ losses. Behind the flows are broader trends in money and policy. Global M2 money supply continues to expand, adding more cash to the system. Meanwhile, concerns about slow US growth and high inflation are pushing some investors into crypto as a hedge, or alternative store of value. Featured image from Gemini Imagen, chart from TradingView

The largest political party in South Korea, the Democratic Party, has launched a Digital Asset Committee focused on developing cryptocurrency policies and promoting industry growth.The committee held its inaugural meeting at the National Assembly Members’ Hall in Seoul on May 13, the local news agency News1 reported.During its first meeting, the committee highlighted the importance of resolving regulatory uncertainty and addressing burning issues like stablecoin regulation amid the push for US-dollar stablecoins by the US government.The new committee joins similar organizations in South Korea, including the Virtual Asset Committee launched in late 2024 and another public-private crypto task force introduced in 2022, both initiated by the Financial Services Commission (FSC).Exchanges like Upbit and Bithumb involvedThe leadership of the Digital Asset Committee includes South Korean officials and politicians, such as National Assembly Chairman Min Byeong-deok, who joined the committee as chairman.Additionally, the organization features standing general election committee Chairman Yoon Yeo-joon, Muksanism Committee Chairman Maeng Seong-gyu, National Assembly member Kim Byeong-gi and former National Assembly Chairman Kim Jeong-woo.Digital Asset Committee Chairman Min Byeong-deok, Yoon Yeo-jun, Maeng Seong-gyu and Kim Jeong-woo (from left to right). Source: News1According to a report by ChosunBiz, the committee will also include participation of executives from major local exchanges, including Upbit, Bithumb, Coinbit and Gopax.Criticism of “one-exchange, one bank” ruleAt the opening meeting, committee Chairman Min expressed concerns regarding limitations of South Korea’s current one-exchange-one-bank rule, implying that crypto exchanges are restricted to collaborating with only one lender.“There are clear shortcomings to the one exchange, one bank principle,” Min reportedly said, adding that the committee is working with regulators to resolve the issue.The chairman also mentioned discussions about which regulators should supervise the stablecoin industry and whether stablecoins should be subject to a licensing or reporting system.Related: South Korea presidential front-runner pledges to approve Bitcoin ETFs“There is also a point of contention as to whether the Bank of Korea or the FSC should handle the regulation,” he reportedly said.The news came shortly after a Bank of Korea executive expressed concerns over the issuance of the South Korean won-backed stablecoins.“Stablecoin has a great impact on the implementation of central bank policies such as monetary policy, financial stability, and payment settlement,” Bank of Korea’s Koh Kyung-chul reportedly said at a conference on May 12.“The negative impact on the central bank’s policy implementation should be minimized by the central bank’s practical intervention in the approval stage,” he added.Magazine: Finally blast into space with Justin Sun, Vietnam’s new national blockchain: Asia Express

This content is provided by a sponsor. PRESS RELEASE. On April 27, the Parkovy Exhibition and Convention Center became the focal point of innovation and blockchain excellence, hosting the highly anticipated N Crypto Conference 2025. The event underscored Ukraine’s emerging influence within the global crypto landscape, bringing together the most influential figures and active participants […]

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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