In South Korea, cryptocurrency investors are beginning to convert their assets into cash to purchase real estate, with this trend being most prevalent among investors in their 30s. According to data released by South Korea’s Ministry of Land, Infrastructure and Transport on May 10, a total of 324 homebuyers declared using proceeds from cryptocurrency sales
The race for the title of world’s most valuable public company has a new front-runner warming up. Alphabet, Google’s parent company, is closing in on Nvidia with a market capitalization of approximately $4.8 trillion, sitting roughly $240 billion behind the chipmaker’s $4.79 trillion valuation. The numbers behind the surge Alphabet’s stock has climbed 24% year-to-date.
The S&P 500 closed at 7,398.93 on May 8, 2026, notching a fresh all-time high on a gain of 0.84%. The Nasdaq Composite did even better, surging 1.71%, while the Nasdaq 100 climbed 2.35%. A handful of technology stocks, particularly in semiconductors and artificial intelligence, provided most of the thrust. Year-to-date, the S&P 500 is
MIAMI BEACH, Fla. — Senior figures from Google Cloud and PayPal told CoinDesk’s Consensus Miami conference on Thursday that the next wave of internet commerce will run on crypto rails because AI agents structurally cannot use traditional financial accounts. Richard Widmann, global head of Web3 strategy at Google Cloud, said the existing internet user experience
Jerome Powell, whose eight-year term as head of the Fed is coming to an end, is preparing to officially step down on May 15. Powell, an “unconventional” central bank governor without an economics background, witnessed many critical periods, from the pandemic crisis to the highest inflation in 40 years, from aggressive interest rate hikes to
According to Binance’s Latam North General Manager, Daniel Acosta, stablecoins now account for up to 90% of the $28 billion in annual volumes transacted in the Peruvian crypto market. Acosta stressed that the driving use cases for stablecoins in Peru were cross-border payments and remittances. Key Takeaways: Binance’s Daniel Acosta notes 90% of Peru’s $28B
‘Big Short’ Michael Burry, who rightly predicted the housing market crash, has issued another warning about the AI market, noting that the current excitement around AI stocks resembles the late stages of the dot-com bubble. This follows his recent short bets against the Philadelphia Semiconductor Index (SOX), which includes NVIDIA, the world’s most valuable company.
Executives from MoonPay, Ripple, and Paxos said at Consensus Miami 2026 that stablecoin regulation has accelerated institutional adoption but that major infrastructure and privacy gaps still block mainstream use. Top executives at three of the most active stablecoin companies told the Consensus Miami 2026 audience on May 8 that new US regulation has fundamentally changed
The world’s two largest economies are heading into another high-stakes summit, and investors are scanning the horizon for anything resembling good news. President Donald Trump and Chinese President Xi Jinping are set to meet in Beijing, with markets hoping the talks produce concrete steps toward de-escalation after months of escalating tariffs, semiconductor sanctions, and geopolitical
Gold ETFs just pulled off one of the more dramatic U-turns in recent memory. After hemorrhaging $12B in net outflows during March, global gold-backed exchange-traded funds attracted $6.6B in fresh capital in April. What drove the reversal A weakening US dollar made gold cheaper for international buyers. Falling oil prices added another layer of support.