Day: May 13, 2025

Tether Gold enters Thailand with listing on Maxbit exchange

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Tether, the issuer of the world’s largest stablecoin, USDt, is rolling out its tokenized gold token in Thailand with a listing on the local cryptocurrency exchange Maxbit. In a May 13 announcement, Tether said its gold-backed digital asset, Tether Gold (XAU₮), has been listed on Thai exchange Maxbit. According to an X announcement by Maxbit, the platform is the first platform in Thailand to offer a “tokenized gold pair backed by physical gold.” Launched in January 2020, Tether Gold is a gold-backed digital asset with a market cap of $802…

Zen Blocks: Revolutionizing Generative Art with Blockchain and Render Network

Iris Coleman May 13, 2025 09:31 Discover how Muhammet Altun utilizes blockchain and Render Network to innovate his Zen Blocks generative art series, enhancing scalability and visual complexity. Muhammet Altun, a 3D generalist and motion designer, has taken a groundbreaking approach to generative art with his project Zen Blocks. Combining the power of blockchain with decentralized rendering through the Render Network, Altun has transformed the way high-fidelity animated sequences are created and displayed, according to Render Network. Innovative Integration of Blockchain and…

Bitcoin Faces Key Resistance After 10% Rally

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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. After jumping by 10% over the past week, Bitcoin (BTC) has hit a crucial resistance level, which could push or momentarily halt the flagship crypto’s rally toward a new…

Nasdaq-listed GDC plans to buy Bitcoin and TRUMP memecoin for $300M

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GD Culture Group (GDC), a Nasdaq-listed holding company focused on livestreaming, e-commerce and artificial intelligence-powered digital human technology, plans to raise up to $300 million for a cryptocurrency treasury reserve. In a May 12 statement, GDC and its subsidiary, AI Catalysis, announced entering into a common stock purchase agreement with a British Virgin Islands limited liability company to sell up to $300 million of its common stock. The proceeds from the stock sale will be used to fund the firm’s crypto treasury, which will include purchases of Bitcoin (BTC) and…

Hantec Markets Launches 24/7 Cryptocurrency CFD Trading as Bitcoin Tops $100K

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Hantec Markets has introduced around-the-clock trading for crypto contracts for difference (CFDs), allowing clients to access digital asset markets 24/7, the multi-asset brokerage announced today (Tuesday) Hantec Markets Rolls Out 24/7 Crypto CFD Trading The service, which became operational earlier this month, has already generated increased trading activity, indicating strong client interest in continuous market access, according to the company. The launch comes as cryptocurrency markets experience heightened volatility, with Bitcoin recently surpassing $100,000 following a difficult April trading period. Market movements have been influenced by macroeconomic data releases, including…

Bitcoin’s $102k market price grants miners 182% profit

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CryptoQuant analyst Axel Adler Jr calculated the average cost for mining Bitcoin to around $36,800 per BTC. The current market price compared to the cost of mining could generate 182% profit for miners. According to a recent post by CryptoQuant analyst Axel Adler Jr, the current average production cost required to mine 1 BTC (BTC) is equal to around $36,800. He was able to calculate the cost of mining by combining the latest data from April 2025 with the average cost of electricity, energy efficiency, capex amortization and the Power…

Bitcoin’s April gains reflect growing hedge appeal in policy stress, Galaxy Digital says

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Bitcoin’s solid April performance has caught attention, with Galaxy Digital saying investors are starting to rethink its role in portfolios. As markets struggled to find direction in April amid fresh tariffs and growing policy concerns, Bitcoin (BTC) quietly climbed 11%, doing better than gold, tech stocks, and even the U.S. dollar, raising new questions about its role in today’s market, analysts at Galaxy Digital wrote in a recent research report. Galaxy Digital said this may be a sign that investors are beginning to treat Bitcoin “less as a speculative vehicle…

Arizona governor kills two crypto bills, cracks down on Bitcoin ATMs

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Arizona Governor Katie Hobbs vetoed two key cryptocurrency-related bills that aimed to expand the state’s involvement in digital assets while signing a strict regulatory measure targeting Bitcoin ATMs. On May 12, Hobbs rejected Senate Bill 1373, which sought to establish a Digital Assets Strategic Reserve Fund. The fund would have allowed Arizona to hold crypto assets obtained through seizures or legislative allocations. “Current volatility in cryptocurrency markets does not make a prudent fit for general fund dollars,” she stated in her veto letter. “I have already signed legislation this session…

Key Bullish Catalyst for Crypto?

Key Notes The cryptocurrency market cap declined by 1.3% in the past 24 hours. The US inflation data is expected to be released today, May 13. Key indicators suggest a potential bull run for the crypto market. After nearly a month of high volatility and upward momentum, Bitcoin BTC $96 611 24h volatility: 2.1% Market cap: $1.92 T Vol. 24h: $29.09 B and the broader crypto market are seeing a correction hours before the US Consumer Price Index data release. Bitcoin fell from its local high of $105,000 to $102,600.…