Day

May 13, 2025

Yuga Labs sells CryptoPunks IP to Infinite Node Foundation

May 13, 20250
Infinite Node Foundation (NODE), a nonprofit focused on digital art, has acquired the intellectual property of the CryptoPunks non-fungible token (NFT) collection from Yuga Labs, NODE said in a May 13 announcement. The acquisition of CryptoPunks, plus its additional $25 million endowment, establishes NODE as “the most well-capitalized nonprofit dedicated solely to digital art in the...

Bitcoin remains unmatched as a global inflation hedge

May 13, 20250
Opinion by: Jupiter Zheng, Partner Liquid Fund at HashKey CapitalWhenever Bitcoin falls in value, the narrative is always the same: It’s failing as a hedge against inflation. In the eyes of critics, Bitcoin is not the “digital gold” that so many others claim it to be.With gold hitting all-time highs, these critics have grown louder....

How to use tsUSDe on TON for yield-generating dollar savings

May 13, 20250
Looking for a way to earn passive income on your crypto without riding the rollercoaster of volatile coins? TsUSDe (the staked version) on The Open Network (TON) might be the answer. It’s a dollar-pegged stablecoin that earns yield by design, and you can boost those earnings even more by putting it to work on platforms...

SEC hacker counters prosecutors with 366-day sentencing recommendation

May 13, 20250
Defense lawyers have asked a judge to sentence the person responsible for helping post a fake message announcing regulatory approval of Bitcoin exchange-traded funds to roughly a year in prison, countering prosecutors’ request for a two-year sentence.In a May 13 filing in the US District Court for the District of Columbia, Eric Council Jr.’s legal...

Bitcoin builders defend venture capital's role in layer-2 growth

May 13, 20250
Venture capital firms are critical to infrastructure development in the Bitcoin ecosystem, despite pushback from some in the community, according to builders speaking at the Token2049 conference in Dubai.Charlie Yechuan Hu, CEO of Bitcoin layer-2 protocol Bitlayer, shared his insights on venture capital (VC) firms in the Bitcoin (BTC) ecosystem.Hu told Cointelegraph that he views...

$1B Bitcoin exits Coinbase in a day as analysts warn of supply shock

May 13, 20250
Institutional demand for Bitcoin is growing, as Coinbase, the world’s third-largest cryptocurrency exchange, recorded its highest daily outflows of Bitcoin in 2025 on May 9.On May 13, Coinbase saw 9,739 Bitcoin (BTC), worth more than $1 billion, withdrawn from the exchange — the highest net outflow recorded in 2025, according to Bitwise head of European...

South Korea’s Democratic Party sets up ‘Digital Asset Committee’

May 13, 20250
The largest political party in South Korea, the Democratic Party, has launched a Digital Asset Committee focused on developing cryptocurrency policies and promoting industry growth.The committee held its inaugural meeting at the National Assembly Members’ Hall in Seoul on May 13, the local news agency News1 reported.During its first meeting, the committee highlighted the importance...

Bitcoin volatility falls below S&P 500 and Nasdaq in rare shift — Galaxy

May 13, 20250
Bitcoin defied expectations in April, delivering double-digit gains while posting lower volatility than major traditional assets.According to analysts at Galaxy Digital, Bitcoin’s (BTC) realized volatility over the past 10 trading sessions dropped to 43.86, lower than the S&P 500’s 47.29 and the Nasdaq 100’s 51.26 — an unusual “positioning for a digital asset traditionally known...

Brave adds Cardano blockchain support to browser and Web3 wallet

May 13, 20250
Web3 and privacy-focused web browser Brave Browser has integrated the Cardano blockchain into its native and standalone wallets.According to a May 12 announcement, the integration stems from a partnership between Brave Browser and Cardano development firm Input Output. Together, the two firms “will integrate Cardano into the Brave Wallet, enabling Cardano blockchain access and token...

History rhymes? XRP price gained 400% the last time whale flows flipped

May 13, 20250
Key takeaways:XRP price has risen 55% since April and is now flashing bullish continuation signals.Whale flows have flipped positive for the first time since November 2024, historically signaling trend reversals.A falling wedge breakout projects 40% gains ahead, but $2.80 may act as interim resistance.XRP (XRP) has bounced by more than 55% since forming a local...
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