Day: May 8, 2025

Dow gains 250 points, Bitcoin reclaims $100k after Trump promotes U.K. trade deal

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Markets were flashing green on Thursday as trade tensions eased following confirmation of a trade agreement between Washington and London. The Dow Jones Industrial Average gained 254 points, or 0.62%, while the S&P 500 lagged slightly with a 0.58% gain. The Nasdaq outperformed, climbing 1.07%. Shares of Alphabet also rose after the company released a report stating its search traffic remains strong, despite earlier claims from an Apple executive that Safari search usage is declining due to rising AI adoption. Bitcoin (BTC) traded above the $100,000 mark for the first…

Bitcoin Price Flashes Signal That Has Led To A Surge Every Time

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. The Bitcoin price action has once again caught the attention of the broader crypto market, as it flashes major bullish signals that have, without fail, led to significant rallies…

Meta exploring stablecoin integration for payouts: Report

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Tech company Meta is reportedly exploring integrating stablecoin payments into its platforms after a three-year hiatus from cryptocurrencies, Fortune reported, citing sources familiar with the matter. The Facebook parent held talks with several crypto infrastructure firms in consultation but has not chosen a decisive course of action, according to the report. One source said the company may take a multi-token approach and integrate support for popular stablecoins such as Tether’s USDt (USDT), Circle’s USD Coin (USDC) and others. Meta is the latest tech firm to integrate or explore the use…

Wellgistics Health to integrate XRP into payment infrastructure

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Wellgistics Health, a healthcare infrastructure company, will integrate XRP (XRP) and related technologies into its payment network to streamline transactions between pharmacies, medical suppliers and prescription medication manufacturers, the company said in an announcement on May 8. Wellgistics cited the finality time of XRP transactions and reduced transaction costs, which are fractions of a penny, compared to legacy financial architecture like automated clearinghouse (ACH) payments or wire transfers, as reasons for using XRP. Brian Norton, CEO of Wellgistics Health, said in the announcement: “I believe that the future winners in…

Meta (META) Is Looking to Deploy Stablecoin to Manage Payouts: Fortune

Tech giant Meta (META) is looking to use stablecoin to manage payouts, Fortune reported, citing five sources familiar with the matter. Meta has also hired a vice president of product, Ginger Baker, who has crypto experience to help with its stablecoin efforts, Fortune said. The company’s foray back into crypto is worth noting, given that its 2019 blockchain project Libra, later renamed Diem, came to a crashing halt in 2022, after intense regulatory scrutiny. If Meta goes through with this project, it will enter the sector at a time when…

Coinbase’s Deribit buy highlights importance of derivatives

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Coinbase’s agreement to buy Deribit highlights the increasing importance of financial derivatives for cryptocurrency exchanges, according to industry executives.  On May 8, Coinbase, the US’s largest crypto exchange by trading volume, agreed to acquire crypto derivatives platform Deribit for $2.9 billion in the crypto industry’s largest corporate acquisition to date.   The deal reflects increasing competition among digital asset exchanges and brokerages — including Coinbase, Kraken and Robinhood — to dominate the burgeoning crypto derivatives market.  “Global derivatives trading is a key driver of growth for Coinbase,” Spencer Yang, co-founder of…

Bitcoin options highlight BTC’s potential to hit new all-time highs

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Key takeaways: 97% of the $8.3 billion in Bitcoin put options expire worthless at a $102,000 BTC price. Short covering above $105,000 could trigger a Bitcoin price rally to new highs. Bitcoin (BTC) soared above $101,000 on May 8, reaching its highest level in over three months. The 4.6% daily BTC price gain triggered $205 million in liquidations of bearish futures positions and eroded the value of nearly every put (sell) option. Traders now question whether Bitcoin is poised to break its $109,354 all-time high in the near term. Bitcoin…

3 legjobb altcoin 2025 májusában: Áttörő projektek

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Végre a hasznosság váltja le a hype-ot a blokkláncban? Ez a kérdés rázza meg a listákat. Míg a nagy nevek tartják a helyüket, a hangsúly most a valós világbeli…

Uniswap (UNI) Blastoff At Hand? The Sleeping Giant Awakens At $4.6 Support

Uniswap (UNI) is showing signs of a powerful resurgence as it firmly holds the $4.60 support level, a critical zone that could ignite the next major rally. After weathering recent market turbulence, UNI’s price action is now flashing bullish signals, suggesting that the asset may be gearing up for a significant upward move. The recent bounce from support, coupled with improving momentum indicators, suggests that bulls are quietly reclaiming territory. However, confirmation is still needed to solidify the reversal narrative. Critical resistance zones lie ahead, and how UNI reacts around…