RedotPay enters South Korea with crypto-powered payment cards

Hong Kong-based fintech firm RedotPay has reportedly launched its cryptocurrency-enabled payment cards in South Korea, positioning itself as a potential disruptor in a market dominated by traditional credit card firms and mobile payment services. The company’s crypto debit cards—both physical and virtual—are now accepted at all Korean merchants that support Visa, according to a May…

Ethereum price greenlit for further upside after surprise 29% ETH rally

Key takeaways: ETH price rallied by 22% on May 8, but demand for spot ETH ETFs and derivatives remains muted.  President Trump’s reversal on certain altcoins aligns with ETH’s renewed outlook.  Ether (ETH) posted an impressive 29% gain between May 8 and May 9, likely marking the end of a 10-week bear market that bottomed…

As Meta Said to Mull Tokens, U.S. Senator Warren Calls for Blocking Big Tech Stablecoins

Tech titan Meta (META) has reportedly been looking into the possibility of a return to the stablecoin market after having spurred a U.S. regulatory backlash from its efforts in years past, and U.S. Senator Elizabeth Warren told CoinDesk that the pending legislation to govern stablecoins needs to insist that’s not possible. A high-stakes crypto bill…

Bitcoin holds the bulk of its gains from this week’s rally to $100,000, altcoins turn bullish

Key points: Bitcoin holding $100,000 as a level of support would confirm the current trend change. Ether leads among altcoins, and DeFi tokens could follow. Bitcoin (BTC) broke above the psychologically critical $100,000 level on May 8, and the bulls are trying to hold on to the level on May 9. In an X post,…

BlackRock, crypto task force discuss ETP staking, tokenization

Wall Street giant BlackRock met with the Securities and Exchange Commission (SEC) Crypto Task Force to discuss staking within crypto exchange-traded products (ETPs) and tokenization of securities. The discussion could advance institutional interest in the crypto industry. According to a May 9 memo published by the task force, BlackRock sought to “[d]iscuss perspectives on treatment…

Solana price gained 500% the last time this SOL metric turned bullish

Key Takeaways: Solana’s 15% surge and potential close above the 50-week EMA signal strong bullish momentum, which previously led to a 515% rally in 2024. The $120 million in liquidity bridged to Solana reflects growing network confidence. Solana (SOL) price gained 18% this week, signaling rising bullish momentum. The altcoin is approaching a pivotal point,…

Bitcoin holds the bulk of its gains from this week’s rally to $100,000, altcoins turn bullish

Key points: Bitcoin holding $100,000 as a level of support would confirm the current trend change. Ether leads among altcoins, and DeFi tokens could follow. Bitcoin (BTC) broke above the psychologically critical $100,000 level on May 8, and the bulls are trying to hold on to the level on May 9. In an X post,…

Why crypto’s next breakthrough could start in the classroom — Animoca’s Yat Siu

Ripple’s $25 million donation to a crypto education fund has reignited conversations about how blockchain projects are building influence through academia—but in the latest episode of Byte-Sized Insight, Animoca Brands’ co-founder Yat Siu says that money alone isn’t enough.  Instead, real-world use cases like student loans backed by DeFi may be crypto’s most convincing value…

How high can Bitcoin price go?

Key takeaways: Bitcoin was up 4.3% on May 9, after breaking $100,000  for the first time since February. BTC price gains trigger $800 million in short liquidations, the largest since 2021. A bull flag on the weekly chart suggests a $182,200 target, with analysts predicting Bitcoin’s price can go as high as $1 million in…

Uniswap (UNI) Surges 13.5% as Index Trades Higher

CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 3138.72, up 6.0% (+178.07) since 4 p.m. ET on Thursday. Nineteen of assets are trading higher. Leaders: UNI (+13.5%) and NEAR (+11.7%). Laggards: BCH (-0.6%) and POL (+1.1%). The…