South Korea’s new Digital Asset Committee joins similar initiatives such as the Virtual Asset Committee launched in late 2024 by the Financial Services Commission. 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. Read more
Robinhood will acquire Canadian crypto firm WonderFi for $179 million in cash, joining a growing wave of crypto M&A as it expands its global reach. 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. Read more
XRP whale flow data mirrors patterns from 2024, which preceded the price to rally from under $0.50 to over $3.50 in a span of several months. 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. Read more
Brave has integrated support for the Cardano blockchain into its native and standalone wallets, enabling direct access to its assets and governance features. 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: Read more
Galaxy Digital says Bitcoin’s volatility dropped below that of the S&P 500 and Nasdaq, marking a rare shift as institutional demand for BTC increases. 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. Read more