What happened in the crypto market while everyone was sleeping — overview from May 9

Meta is looking into stablecoins, Tether will help Rumble launch a crypto wallet, and Coinbase reported its successes for Q1 2025 — these and other cryptocurrency news from the morning of May 9 in our review.

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Behavior of cryptocurrencies — capitalization leaders

Bitcoin BTCUSD, according to TradingView, started Friday with sideways movement. As of 06:45 (MSK), the cryptocurrency is trading at $102,366 ( per token in rubles — RUB 8,447,505). The minimum Bitcoin price in the last 24 hours was $98,747, and the maximum was $103,969.

The second largest cryptocurrency by market capitalization, Ethereum, started the day with an increase. At the time of writing the review, the coin is trading at $2,218(1 per token in rubles — RUB 183,231).

In the top 10 most capitalized cryptocurrencies, the best result over the past day (+17.28%) and week (+20.02%) belongs to Ethereum. Over the last 24 hours and seven days, all coins, except for stablecoins, have increased in value.

! Most capitalized cryptocurrenciesIn the top 100 most capitalized cryptocurrencies, the best result per day was recorded by Virtuals Protocol (+35.97%), over the week by Pudgy Penguins (+29.41%). Over the past 24 hours, Four has been losing more actively in price than others (-7.95%). The largest losses for the week were recorded for Raydium (-6.25%).

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Top cryptocurrency news for the morning of May 9

The company Meta, recognized as extremist in the Russian Federation, is considering the integration of stablecoins into its platforms. The project was launched after a three-year hiatus in crypto experiments.

According to Fortune, the company is in talks with several infrastructure providers but has not yet made a final decision. Among the tokens being considered are USDT, USDC, and other popular stablecoins. Meta’s initiative reflects the growing interest of major technology and financial players in “stablecoins.”

In the first quarter of 2025, the revenue of the cryptocurrency exchange Coinbase decreased by 10% compared to the previous quarter, totaling $2 billion, which is 4.1% lower than industry forecasts.

Net income fell by 95%, from $1.29 billion to $66 million, largely due to a $596 million loss on crypto assets. At the same time, earnings per share of $1.94 exceeded the Zacks consensus forecast ($1.85).

Subscription and service revenues increased by 8.9% to $698.1 million. Coinbase reported an increase in its share of spot and derivative trading, as well as strengthening its positions in several countries. Additionally, the company made the largest deal in the industry to acquire the derivatives platform Deribit for $2.9 billion. This decision will help Coinbase expand its presence in the futures and options markets.

Rumble has confirmed the launch of its own non-custodial wallet for Bitcoin and stablecoins in the third quarter of this year. The new Rumble Wallet will be implemented in partnership with the stablecoin issuer Tether. In addition to USDT and BTC, the wallet may also be compatible with Tether Gold (XAUT).

The company aims to compete with Coinbase Wallet and other major players, as well as enhance the monetization of content creators in international markets.

The Rumble platform, founded in 2013 as an alternative to YouTube, previously received $775 million from Tether. Against the backdrop of attracting investments, the company began buying bitcoins.

Recall that earlier the BeInCrypto editorial team reported that Standard Chartered expects a new ATH for Bitcoin by the end of Q2.