Coinbase has agreed to acquire Deribit, the world’s largest trading platform for bitcoin and ether options, for approximately $2.9 billion, according to The Wall Street Journal. The acquisition, Coinbase’s largest to date, includes $700 million in cash and 11 million…

Coinbase to acquire Deribit for $2.9b in largest deal yet: report

U.S. Securities and Exchange Commission (SEC) official Hester Peirce proposed 
a regulatory exemption framework for crypto-related securities trading during 
her May 8, 2025 keynote in Washington D.C., balancing investor protection with 
technological innovation. SEC Mulls Regulatory Sandbox to Test Tokenized 
Securities Amid Industry Push Commissioner Hester Peirce emphasized the need 
for “sensible regulation” to maintain […]

Commissioner Hester Peirce Unveils SEC’s Flexible Framework for Tokenized Securities

Cardano is gaining bullish traction, pushing above the $0.70 mark as it 
attempts to reclaim the $0.75 resistance level. With Bitcoin surging toward 
the $100K barrier and Ethereum breaking out above $1,900, the broader crypto 
market is heating up—and ADA is beginning to ride that wave of renewed 
optimism. The return of volatility and bullish momentum has sparked excitement 
across major altcoins, with Cardano standing out as one of the most promising 
setups. Related Reading: Bitcoin Shows Impressive 4H Strength – A Shift Toward 
Upside Break Top analyst Ali Martinez shared a technical analysis highlighting 
that Cardano looks poised for a potential breakout toward $0.80. According to 
Martinez, ADA is approaching the upper boundary of its current trading 
channel, and a decisive move above $0.75 could trigger a sharp rally. With key 
support holding firm and market sentiment shifting in favor of bulls, the 
setup suggests ADA may be preparing to enter a new phase of price discovery. 
As the market recovers from months of uncertainty and selling pressure, 
investors are closely watching whether Cardano can sustain this momentum. A 
confirmed breakout above $0.75 would not only validate Martinez’s outlook but 
also strengthen ADA’s position in the broader altcoin rally now unfolding. 
Cardano Faces Key Resistance Test As Momentum Builds Cardano is facing a 
pivotal test as it trades near the upper boundary of a key resistance zone, 
just as broader market momentum begins to accelerate. Since bottoming out in 
early April, ADA has surged more than 40%, showing one of the strongest 
recoveries among major altcoins. This bullish move comes as Bitcoin approaches 
the $100K mark and Ethereum attempts to break and hold above $2,000, bringing 
renewed optimism to the crypto space. Despite the strength, Cardano still 
trades below a critical resistance level defined by the upper boundary of a 
long-standing descending channel. According to Martinez, a decisive breakout 
above this trendline could trigger a sharp move toward $0.80. Martinez’s 
analysis suggests that ADA is coiling with strength and is on the verge of a 
breakout, but the confirmation must come with a clean close above $0.75. 
However, the macro backdrop remains a wildcard. Ongoing tensions between the 
US and China, combined with the US Federal Reserve&#8217;s tight monetary policy 
stance, continue to influence risk asset behavior. As a result, traders remain 
cautious even as bullish setups appear. For Cardano, the current structure is 
promising. A confirmed breakout would signal renewed buyer strength and open 
the path to higher price levels, while failure to clear resistance could 
result in renewed consolidation. In either case, ADA is approaching a decision 
point, and the next few trading sessions could set the tone for its short- to 
mid-term trend. If bulls manage to flip resistance into support, Cardano could 
quickly accelerate toward the $0.80 target—and potentially higher if momentum 
across the market continues to build. Related Reading: XRP Bulls Expect A 
Breakout As Price Compresses Between Key Levels – Details ADA Price Analysis – 
Key Levels To Reclaim Cardano (ADA) is trading at $0.7232, posting a strong 
+7.70% daily gain as it pushes toward key resistance levels. The daily chart 
shows ADA breaking above both the 200-day EMA ($0.7101) and nearing the 
200-day SMA ($0.7832), signaling a resurgence in bullish momentum. This move 
follows a multi-week consolidation period where ADA repeatedly tested lower 
support around $0.65, forming a stable base. The recent breakout is notable 
because it comes amid increased volume and broader market strength, with 
Bitcoin and Ethereum also surging toward key psychological levels. ADA is now 
approaching the upper boundary of a descending channel that has constrained 
price action for several months. A decisive daily close above $0.75 would 
confirm a breakout and open the door to a potential rally toward the 
$0.80–$1.00 range. However, until ADA clears the $0.78–$0.80 region with 
conviction, traders should watch for possible rejection and another pullback 
toward the $0.70 support zone. Still, the structure remains bullish, and 
current momentum suggests buyers are preparing to retake control. Related 
Reading: Cardano Struggles At Resistance – Expert Sees A Retest of Lower 
Support Levels If macro conditions remain stable and altcoin sentiment 
continues to improve, Cardano may be entering a new phase of upside 
expansion—one that could finally break its long-term downtrend. Featured image 
from Dall-E, chart from TradingView

Cardano Approaches Critical Resistance – Break Above Could Trigger Move To $0.80

The Guiding and Establishing National Innovation for US Stablecoins of 2025 
Act, known as the GENIUS Act, failed to pass cloture in the United States 
Senate on May 8, dealing a slight blow to cryptocurrency regulation in the 
country.
The bill, sponsored by Senator Bill Hagerty and co-sponsored by Senators Tim 
Scott, Kirsten Gillibrand, Cynthia Lummis and Angela Alsobrooks, received 
last-minute pushback from Democrats, who took aim at the bill and raised 
concerns about US President Donald Trump&#8217;s cryptocurrency ventures.
To address the concerns of Senate Democrats, the bill had already been amended 
to include stricter requirements for stablecoin issuers for further provisions 
for Anti-Money Laundering.
The GENIUS Act was seen as a bipartisan effort to increase regulatory clarity 
for digital assets in the United States. The focus of the bill, stablecoins 
used for payments, was looked at as extending dollar dominance internationally 
and straying away from more controversial crypto topics.
After the procedure failed, Senate Majority Leader John Thune criticized 
Democrats, saying, &#8220;Democrats have been accommodated every step of the way […] 
frankly, I just don&#8217;t get it.&#8221;
This is a developing story, and further information will be added as it 
becomes available.

US Stablecoin bill blocked as Democrats withdraw support

Nexus is launching an R&amp;D division that will work on AI systems that are 
transparent and verifiable.

Nexus is launching an AI Lab for safe and verifiable artificial inteligence

U.S. President Donald Trump was reportedly misled by a Ripple-linked lobbyist 
into endorsing certain crypto in a Truth Social post about a U.S. crypto 
reserve in March, leading to the lobbyist’s removal and straining ties with 
top White House officials.…