Robinhood to acquire Canada’s WonderFi for $179M in global crypto push

Brokerage fintech Robinhood is set to acquire WonderFi, a Canadian crypto firm, for approximately 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 press 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

Read More at https://cointelegraph.com/news/robinhood-to-acquire-wonderfi-179m-global-expansion?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Brave adds Cardano blockchain support to browser and Web3 wallet

Update (May 13, 1:00 pm UTC): This article has been updated to add third-party commentary from Robert Roose.

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 said 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

Read More at https://cointelegraph.com/news/brave-browser-adds-cardano-support?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Bitcoin volatility falls below S&P 500 and Nasdaq in rare shift — Galaxy

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

Read More at https://cointelegraph.com/news/bitcoin-volatility-falls-below-sp500-nasdaq-galaxy-digital?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Solana co-founder proposes meta chain to fix blockchain fragmentation

Solana Labs co-founder Anatoly Yakovenko proposed a new data availability (DA) solution to improve persistent fragmentation and lack of interoperability across blockchain networks.

In a May 12 post on X, Yakovenko proposed a “meta blockchain” to aggregate and order data posted across multiple layer-1 chains, including Ethereum, Celestia and Solana.

“This would actually allow the meta chain to use the cheapest currently available DA offer,” Yakovenko said.

Data availability layers are third-party solutions ensuring that blockchains have the necessary data to validate transactions.

Source: Anatoly Yakovenko

Blockchain interoperability is one of the most pressing issues for Web3 developers, since today’s siloed layer-1 (L1) blockchain networks have no means of communicating or exchanging data, creating a need for crosschain interoperability solutions like DA layers.

Other leading blockchains are also focused on

Read More at https://cointelegraph.com/news/solana-co-founder-meta-blockchain-unify-blockchain-data?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Cointelegraph and TheBlock announce strategic media partnership to strengthen global Web3 and virtual asset collaboration

Dubai, UAE – May 2025 — TheBlock, the International Chamber of Virtual Assets, has announced a strategic partnership with Cointelegraph, the world’s leading Web3 media platform. The collaboration brings together two major players in the blockchain and virtual asset space, with the shared goal of amplifying the global adoption of tokenisation, advancing regulatory dialogue, and supporting builders entering the MENA region.

The agreement, signed during Token2049 Dubai, highlights Cointelegraph’s growing collaboration with key players in the UAE. This new partnership will foster deeper collaboration and mutual support across TheBlock’s ecosystem.

As part of the collaboration, Cointelegraph will set up a presence at TheBlock’s headquarters in Dubai World Trade Center, offering opportunities for engagement with founders, partners, and clients within the ecosystem. The partnership also includes joint participation in educational panels, roundtables, and summits focused on real-world assets (RWAs), compliance, and capital allocation.

“This partnership is not just about media,” said Farbod Sadeghian, Founder

Read More at https://cointelegraph.com/news/cointelegraph-and-the-block-announce-strategic-media-partnership-to-strengthen-global-web3-and-virtual-asset-collaboration?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Tether Gold enters Thailand with listing on Maxbit exchange

Tether, issuer of the world’s largest stablecoin, USDt, is rolling out its tokenized gold digital asset in Thailand with a listing on local cryptocurrency exchange Maxbit.

In a May 13 announcement, Tether said its gold-backed token, Tether Gold (XAUt), has been listed on Thai exchange Maxbit.

According to an X announcement by Maxbit, the platform is the first in Thailand to offer a “tokenized gold pair backed by physical gold.”

Launched in January 2020, Tether Gold is a gold-backed digital asset with a market cap of $802 million, with each XAUt representing ownership of one troy ounce of gold.

Thailand greenlighted stablecoins like Tether USDt in March

Tether Gold’s entrance in the Thai cryptocurrency market follows other notable stablecoin-related regulatory developments in the country.

In March, the Thai Securities and Exchange Commission approved US dollar-backed

Read More at https://cointelegraph.com/news/tether-gold-stablecoin-comes-to-thailand-with-listing-on-maxbit-exchange?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Nasdaq-listed GDC plans to buy Bitcoin and TRUMP memecoin for $300M

GD Culture Group (GDC), a Nasdaq-listed holding company focused on livestreaming, e-commerce and artificial intelligence-powered digital human technology, plans to raise up to $300 million for a cryptocurrency treasury reserve.

In a May 12 statement, GDC and its subsidiary, AI Catalysis, announced entering into a common stock purchase agreement with a British Virgin Islands limited liability company to sell up to $300 million of its common stock.

The proceeds from the stock sale will be used to fund the firm’s crypto treasury, which will include purchases of Bitcoin (BTC) and the Official Trump (TRUMP) token.

“Under this initiative, and subject to certain limitations, GDC intends to allocate a significant portion of the proceeds from any share sales under the facility to the acquisition, long-term holding, and integration of crypto assets into its core treasury operations,” the company said in the announcement. 

GDC described the

Read More at https://cointelegraph.com/news/gdc-crypto-treasury-trump-token-300m-raise?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Bitcoin illiquid supply hits 14M BTC as hodlers set bull market record

Key points:

Bitcoin has seen its largest 30-day illiquid supply increase of the current bull market.

Illiquid supply now stands at 14 million BTC, more than ever before.

Whales are still accumulating as the price returns to six figures.

Bitcoin (BTC) investors are turning the BTC supply more illiquid than at any point in its history

Data from onchain analytics platform Glassnode shows that Bitcoin’s “illiquid supply” has reached a record 14 million BTC.

Bitcoin illiquid supply returns to all-time highs

Bitcoin is increasingly finding its way into the hands of entities that do not sell what they acquire.

Glassnode, which charts the portion of the BTC supply owned by so-called “illiquid entities,” reveals that this has reached levels not seen during the current bull market.

An entity is considered illiquid if the ratio between its cumulative BTC inflows and outflows is below a certain value.

“This ratio yields a

Read More at https://cointelegraph.com/news/bitcoin-illiquid-supply-14m-btc-hodlers-bull-market-record?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

Arizona governor kills two crypto bills, cracks down on Bitcoin ATMs

Arizona Governor Katie Hobbs vetoed two key cryptocurrency-related bills that aimed to expand the state’s involvement in digital assets while signing a strict regulatory measure targeting Bitcoin ATMs.

On May 12, Hobbs rejected Senate Bill 1373, which sought to establish a Digital Assets Strategic Reserve Fund. The fund would have allowed Arizona to hold crypto assets obtained through seizures or legislative allocations.

“Current volatility in cryptocurrency markets does not make a prudent fit for general fund dollars,” she stated in her veto letter. “I have already signed legislation this session which allows the state to utilize cryptocurrency without placing general fund dollars at risk,” she added.

That decision followed her veto of Senate Bill 1025 — the more ambitious “Arizona Strategic Bitcoin Reserve Act” — on May 3. It would have authorized up to 10% of the state’s treasury and retirement funds to

Read More at https://cointelegraph.com/news/arizona-governor-vetoes-crypto-bills-approves-bitcoin-atm-law?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound

From Netflix series to crypto game: Black Mirror’s AI reputation system, explained

Black Mirror experience: When sci-fi social scores meet blockchain

Created by Charlie Brooker, this British sci-fi series debuted in 2011 and quickly became a cultural touchstone for its dark, satirical take on technology.

Imagine a world where every like, comment and blockchain transaction shapes your social standing, where an AI watches your every digital move and assigns you a score that dictates your rewards or your restrictions. 

Sounds like something straight out of science fiction, right? 

Well, it is — until now. Black Mirror, Netflix’s chilling anthology series, and one of its most iconic concepts have inspired a real-world crypto game.

Dubbed the Black Mirror Experience, this project brings the show’s AI-driven reputation system to life, blending dystopian storytelling with blockchain technology. 

If you haven’t seen Black Mirror, you must know that each standalone episode dives into a different scenario — think surveillance gone wild, social media

Read More at https://cointelegraph.com/explained/from-netflix-series-to-crypto-game-black-mirrors-ai-reputation-system-explained?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound