---------- Forwarded message ---------
From: Midas Crypto <midascrypto@mail.beehiiv.com>
Date: Tue, May 13, 2025, 9:01 PM
Subject: 🌙 Robinhood Acquired WonderFi for CA $250M
To: g@xny.io <g@xny.io>


Robinhood revealed Tuesday that it’s acquiring Canadian crypto leader WonderFi for CA$250 million (around $178.56 million) in an all-cash deal.  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

May 13, 2025   |   Read Online

In partnership with

 
 

Crypto Roundup - May 13

Robinhood is making a strategic international expansion by acquiring WonderFi, a Canadian crypto platform, for $179 million, aiming to strengthen its global crypto footprint. Meanwhile, Yuga Labs is stepping back from direct stewardship of CryptoPunks by transferring its intellectual property rights to the newly formed Infinite Node Foundation to ensure long-term preservation and decentralized development. In the institutional finance space, VanEck has entered the tokenized asset race with a new fund offering exposure to U.S. Treasuries on the Ethereum network, signaling growing traditional finance interest in blockchain-based products.

Top Stories

  • Robinhood to acquire WonderFi in a $179M deal, expanding its crypto operations into Canada.

  • Yuga Labs transfers CryptoPunks IP to Infinite Node Foundation, promoting decentralized stewardship.

  • VanEck launches tokenized treasury fund on Ethereum, advancing the tokenization of real-world assets.

 
 
 
 

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TOP STORIES

 
 
 
 

Robinhood grows its footprint in Canada by acquiring WonderFi | TechCrunch

Robinhood revealed Tuesday that it’s acquiring Canadian crypto leader WonderFi for CA$250 million (around $178.56 million) in an all-cash deal.

techcrunch.com/2025/05/13/robinhood-grows-its-footprint-in-canada-by-acquiring-wonderfi

 
 
 
 

Yuga Labs Sells CryptoPunks IP to Infinite Node Foundation - "The Defiant"

CryptoPunks, the flagship non-fungible token (NFT) profile picture collection made by Larva Labs, is being sold yet again. This time ownership will be transferred to The Infinite Node Foundation, the project announced in an X post today, May 13. Larva Labs, which created CryptoPunks in 2017, is set to serve on the foundation’s board.

thedefiant.io/news/nfts-and-web3/yuga-labs-sells-cryptopunks-ip-to-infinite-node-foundation

 
 
 
 

Asset Manager VanEck Joins Tokenization Race With U.S. Treasury Fund Token

The tokenized U.S. Treasury fund was developed with tokenization firm Securitize and has launched on the Avalanche, BNB Chain, Ethereum and Solana networks.

www.coindesk.com/business/2025/05/13/asset-manager-vaneck-joins-tokenization-race-with-us-treasury-fund-token

 
 
 
 

FUNDRAISING

 
 
 
 
tw profile: Nirvana Labs Nirvana Labs @nirvanalabsai tw

 

9:14 PM • May 12, 2025

 
 

43 Likes   7 Retweets  

10 Replies
 
 
 
 

OTHER HEADLINES

 
 
 
 

Curve Finance warns users after website and X account hacks

Curve Finance has warned users to avoid its curve.fi website due to a DNS hijacking attack, which redirects users to a wallet drainer. 

protos.com/curve-finance-warns-users-after-website-and-x-account-hacks

 
 
 
 

GD Culture Group Limited Announces $300 Million Funding Commitment to Build Cryptocurrency Reserve of Bitcoin and Trump Coin

NEW YORK, May 12, 2025 (GLOBE NEWSWIRE) -- GD Culture Group Limited (“GDC” or the “Company”) (Nasdaq: GDC), and its subsidiary, AI Catalysis Corp. (“AI...

www.globenewswire.com/news-release/2025/05/12/3079197/0/en/GD-Culture-Group-Limited-Announces-300-Million-Funding-Commitment-to-Build-Cryptocurrency-Reserve-of-Bitcoin-and-Trump-Coin.html

 
 
 
 

Bitcoin Holds Above $102,000 as Crypto Markets Pull Back After Rally - "The Defiant"

XRP bucks the trend with a 7% gain as investors digest Trump’s tariff pause.

thedefiant.io/news/markets/bitcoin-holds-above-usd102-000-as-crypto-markets-pull-back-after-rally

 
 
 
 

CRYPTO TWITTER (X)

 
 
 
 
tw profile: CryptoQuant.com CryptoQuant.com @cryptoquant_com tw

Buying Pressure Reaches New Peak

“The break of the 1.00 line and the climb to 1.02 indicate that buyers have once again taken control of the market in the short term, which historically correlates with phases of price momentum.” – By @ShayanBTC7

 

4:22 PM • May 13, 2025

 
 

69 Likes   8 Retweets  

17 Replies
 
 
 
 
tw profile: Colin Talks Crypto 🪙 Colin Talks Crypto 🪙 @ColinTCrypto tw

Global M2 Money Supply vs BTC

Bitcoin is still right on track with Global M2.

$120,000+ by the end of May?

Will BTC get a huge move up around the May 24th like Global M2 shows? If so, it's likely BTC breaks into new ATHs. The FOMO at that time will be palpable due to all the

tw profile: Colin Talks Crypto 🪙 Colin Talks Crypto 🪙 @ColinTCrypto

🔵 Global M2 vs BTC - How to Not Be Fooled By M2 at the TOP

How to avoid being rekt if Global M2 keeps going up while BTC goes down.

Get the Global M2 TradingView script with the CORRELATION TABLE:
tradingview.com/script/IM2f6uV6

 

4:51 PM • May 13, 2025

 
 

136 Likes   24 Retweets  

12 Replies
 
 
 
 
tw profile: That Martini Guy ₿ That Martini Guy ₿ @MartiniGuyYT tw

There is almost no bitcoin left on exchanges

We are going to a new low in exchange reserves!

 

11:38 AM • May 13, 2025

 
 

177 Likes   60 Retweets  

44 Replies
 
 
 
 

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