Cryptocurrencies are in the green for a third day in a row this week with Bitcoin holding above $7,000 amid improvement in market capitalization.
Overall cryptocurrency market capitalization was $233.06 billion and the Bitcoin dominance rate fell to 52.6 percent as of 10.42 am ET on CoinMarketCap.
Here is a wrap of the main news from the cryptocurrency and blockchain space over the past 24 hours.
Mark Yusko's Morgan Creek Joins With Bitwise To Launch Cryptocurrency Fund
Digital asset management firm Morgan Creek Digital announced its partnership with cryptocurrency company Bitwise Asset Management to launch the Digital Asset Index Fund. The fund is aimed at getting institutional investors exposure to broad-based digital assets. Read more...
Germany's Deutsche Börse Buys Minority Stake In Blockchain Partner HQLAx
Germany's Deutsche Börse purchased a minority stake in its blockchain solutions partner HQLAx, a financial technology firm, for an undisclosed amount. However, Deutsche Börse said it is an initial investment of a "single-digit euro million." Read more...
China To Overtake US As Leading Blockchain Developer: Survey
A new PwC survey on blockchain technology indicated that 84 percent of participated organizations have at least some involvement with the distributed, tamperproof ledger technology. But despite the potential that blockchain holds, regulatory uncertainty and trust remain the biggest barriers to wider its adoption. Read more... Crypto-backed Lending Platform Blockfi Gets Approval In 44th US State
Cryptocurrency-backed money lending platform Blockfi has announced that they have received approval to operate in California. The addition of California extends BlockFi's reach to 44 states, making it the most widely available crypto-to-USD lending service in the United States. Read more...
Tech, Telecom, Media Executives To Invest Millions In Blockchain: Survey
Forty percent of executives from the telecom, media and technology (TMT) industries who took part in Deloitte's new global survey said their organization will invest at least $5 million in blockchain technology in the coming year. Read more...
Current Prices
As of 10.42 am ET, Bitcoin was up 0.41 percent at $7,082.93 and Ethereum was higher by 1.43 percent at $292.51 on Coinbase.
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Forex News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.