Author: dfmines

Dubai, UAE – May 2025 — TheBlock., the International Chamber of Virtual Assets, has announced a strategic partnership with Cointelegraph, the world’s leading Web3 media platform. The collaboration brings together two major players in the blockchain and virtual asset space, with the shared goal of amplifying the global adoption of tokenisation, advancing regulatory dialogue, and supporting builders entering the MENA region.The agreement, signed during Token2049 Dubai, highlights Cointelegraph’s growing collaboration with key players in the UAE. This new partnership will foster deeper collaboration and mutual support across TheBlock’s ecosystem.As part of the collaboration, Cointelegraph will set up a presence at TheBlock’s headquarters in Dubai World Trade Center, offering opportunities for engagement with founders, partners, and clients within the ecosystem. The partnership also includes joint participation in educational panels, roundtables, and summits focused on real-world assets (RWAs), compliance, and capital allocation.“This partnership is not just about media,” said Farbod Sadeghian, Founder of TheBlock. “It is about building an access layer for the global virtual asset economy. By working with Cointelegraph, we are strengthening how the industry connects, informs, and grows — from regulatory frameworks to investment pipelines.”Cointelegraph will engage with TheBlock’s ecosystem through media coverage, speaker participation, and collaborative events. The partnership reflects ongoing efforts to support the growth of Dubai’s virtual asset sector, where regulatory developments and real-world applications continue to evolve.“The partnership reflects Cointelegraph’s ongoing efforts to broaden its network of like-minded collaborators, all working toward the shared goal of strengthening and advancing the ecosystem,” said Yana Prikhodchenko, CEO of Cointelegraph. “We aim to grow the community by leveraging this partnership while also expanding our regional presence in the UAE. This collaboration will help strengthen both efforts.”With over 100 events planned annually, a growing portfolio of international members, and over $8 billion in projects deal flow, TheBlock. continues to serve as a launchpad for startups, enterprises, and institutions looking to expand their presence in the region.The partnership represents a new step in aligning media and access to foster trust, facilitate knowledge sharing, and support progress in the virtual asset space.About TheBlock:As an international chamber of virtual assets based in Dubai, TheBlock. connects regulators, founders, investors, and institutions shaping the future of virtual assets. It provides a structured platform for dialogue, collaboration, and access across key pillars of the virtual asset economy. Through membership programs, strategic partnerships, and curated events, TheBlock. offers its members direct engagement with the people and policies driving the industry forward. With a growing global network and strong regional footprint, it supports meaningful growth and influence in the virtual asset landscape.Website | Twitter | Instagram | Linkedin

Animoca Brands is planning to list on the New York Stock Exchange, with an announcement expected soon. Executive Chairman Yat Siu said the listing is motivated by U.S. President Donald Trump’s favorable regulatory stance on digital assets. Trump’s Light-Touch Regulation Hong Kong-based Animoca Brands, a leading blockchain gaming and crypto investment firm, is eyeing a […]

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Key Takeaways: GD Culture Group commits up to $300 million to purchase Bitcoin and Trump Coin as part of its new crypto reserve strategy. The company faces a Nasdaq delisting warning after disclosing only $2,643 in equity—far below the required $2.5 million. Despite financial red flags, GDC joins a growing trend of public firms integrating…
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Tether, issuer of the world’s largest stablecoin, USDt, is rolling out its tokenized gold digital asset in Thailand with a listing on local cryptocurrency exchange Maxbit.In a May 13 announcement, Tether said its gold-backed token, Tether Gold (XAUt), has been listed on Thai exchange Maxbit.According to an X announcement by Maxbit, the platform is the first 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 million, with each XAUt representing ownership of one troy ounce of gold.Thailand greenlighted stablecoins like Tether USDt in MarchTether Gold’s entrance in the Thai cryptocurrency market follows other notable stablecoin-related regulatory developments in the country.In March, the Thai Securities and Exchange Commission approved US dollar-backed stablecoins such as Tether’s USDt (USDT) and Circle’s USDC (USDC) for cryptocurrency trades, allowing the stablecoins to be listed on regulated exchanges across Thailand.Major Maxbit shareholders. Source: Thai SECLaunched in October 2023, Maxbit is a licensed digital asset exchange based in Thailand, operating under the oversight of the Thai SEC.According to official SEC records, Thai energy conglomerate PTG Energy is the largest shareholder of Maxbit, with a 35% stake in the firm. Other Maxbit backers include two local private firms, Spearhead Labs and Unit Company, holding 29% and 28.7% in the digital asset business.This is a developing story, and further information will be added as it becomes available.Magazine: Finally blast into space with Justin Sun, Vietnam’s new national blockchain: Asia Express

Nirvana Labs announced a $6 million seed extension, co-led by Crucible Capital and Jump Crypto, bringing its total funding to $11.8 million. Building Next-Generation Web3 Infrastructure Nirvana Labs, a high-performance bare metal cloud provider designed for Web3, has announced a $6 million seed extension co-led by Crucible Capital and Jump Crypto. The latest round brings […]

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 all-time high (ATH). Related Reading: Bitcoin Stays Resilient While Wall Street Stumbles – Details Bitcoin Hits Key Level Bitcoin recently jumped above the $100,000 barrier for the first time since February. During its significant weekly performance, BTC has surged over 10% to hit a three-month high of $105,500 on Monday, fueling investors’ sentiment regarding a new ATH rally. On Monday, Analyst Rekt Capital highlighted that the flagship crypto rallied across the entire re-accumulation range, concluding its downside deviation and the first price discovery correction. After surging to its range high of $104,500, Bitcoin has faced rejection from this key level, momentarily pausing its rally. He pointed out that Bitcoin already had its first Price Discovery Uptrend and Price Discovery Correction. The cryptocurrency is now attempting to confirm its second Price Discovery Uptrend, but needs to reclaim the $104,500 level as support to confirm this phase. As the analyst explained, this level is currently acting as resistance after it closed the week at $104,118, just below the range high. He added that “technically BTC can try to confirm an uptrend beyond this point by Daily Closing above $104.5k and then holding it as support, so it will be worth watching for this lower timeframe confirmation.” However, “until that confirmation is in, this resistance will continue to act as one. And as resistances do, they tend to reject price.” According to Rekt Capital, Bitcoin has repeated some key elements from its Post-halving range in its current range, suggesting that if BTC continues to reject from this level, it could face a post-breakout retest of its lower high resistance. One Dip Left Before ATHs? Previously, the analyst detailed that BTC could be repeating its Q4 2024 performance, where the cryptocurrency recovered from its downside deviation to hit a new ATH. BTC initially got rejected at its lower high resistance and fell to the range’s lows before breaking above the lower high, retesting it as support, and soaring to a new ATH. For history to repeat, BTC must get rejected at $99,000, hold $93,500 as support, and break the $97,000-$99,000 range before being rejected at the $104,500 resistance, which is the level “to turn into support for Bitcoin to breakout into its second Price Discovery Uptrend.” Notably, BTC followed this path closely over the past week, getting rejected near $99,000 and retesting the $93,500 support before jumping above the $100,000 mark. To continue this performance, the cryptocurrency must fall to the $97,000-$99,000 range and hold it as support for a similar breakout to new ATHs. Related Reading: Ethereum Price Completes Bullish Structure Break – $3,000 Comes Next In his Monday analysis, Rekt Capital shared that BTC’s lower high resistance is at the $98,500 level, signaling that a 5% drop could be ahead. However, he noted that the retest “doesn’t need to happen at all,” as Bitcoin could Daily Close above the key resistance, hold this level, and rally to new ATHs. “But in the event of a dip, turning the Lower High resistance into a new support could fully confirm the break of this Lower High, turn it into new support, and in doing so, solidify BTC’s positioning in the $98.5k-$104.5k portion of the ReAccumulation Range,” he concluded. Featured Image from Unsplash.com, Chart from TradingView.com

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 Corp., 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 the Official Trump (TRUMP) token.“Under this initiative, and subject to certain limitations, GDC intends to allocate a significant portion of the proceeds from any share sales under the facility to the acquisition, long-term holding, and integration of crypto assets into its core treasury operations,” the company said in the announcement. GDC described the strategy as a move to align with the broader “decentralization transformation.”GDC stock price, 1-year chart. Source: NasdaqFounded in 2016, GDC is a micro-cap company with a current $34 million market capitalization, according to Nasdaq data.Related: Multi-wallet usage up 16%, but AI may address crypto fragmentation gapGDC’s chairman and CEO, Xiaojian Wang, said the initiative builds on the company’s strengths in digital technologies and positions it for a blockchain-powered industrial shift.“GDC’s adoption of crypto assets as treasury reserve holdings is a deliberate strategy that reflects both current industry trends and our unique strengths in digital technologies and the livestreaming e-commerce ecosystem,” Wang said.The stock offering was announced over a month after the firm received a noncompliance warning from Nasdaq related to its stockholders’ equity. The notice indicated that the firm reported stockholders’ equity of only $2,643, well below the minimum requirement of $2.5 million.The firm was given until May 4 to submit a plan to comply with the listing requirements. If accepted by the Nasdaq, the compliance plan will allow the firm up to 180 days from the notification period to comply with the requirements.The Nevada-based company joins a small but growing group of public firms that are allocating part of their balance sheets to crypto assets. Related: Crypto speculation dominates $600B cross-border payments: BIS reportTrump token dinner planned for top holdersGDC’s announcement coincides with an upcoming high-profile event tied to the Trump token project. The 25 largest holders of TRUMP tokens are set to attend a private dinner at the White House on May 22.However, the TRUMP memecoin project said in a May 12 X post that it has stopped considering additional purchases for the dinner and that the attendees had been notified to apply for background checks.According to data provided on the project’s leaderboard, the top 220 wallets held more than 13.7 million tokens as of May 12, worth roughly $174 million at the time of publication.Top 10 TRUMP memecoin holders as of May 12. Source: TRUMP memecoin projectSome US lawmakers have criticized the dinner. Senator Cynthia Lummis reportedly said that the idea of the US President offering exclusive access for people willing to pay for it “gives [her] pause.”Crypto regulation experts also fear that the Trump family’s crypto endeavors may trigger more regulatory scrutiny by the US Securities and Exchange Commission, as politically affiliated memecoins introduce a new challenge for crypto legislation.Magazine: Uni students crypto ‘grooming’ scandal, 67K scammed by fake women: Asia Express

Key points:Bitcoin has seen its largest 30-day illiquid supply increase of the current bull market.Illiquid supply now stands at 14 million BTC, more than ever before.Whales are still accumulating as the price returns to six figures.Bitcoin (BTC) investors are turning the BTC supply more illiquid than at any point in its historyData from onchain analytics platform Glassnode shows that Bitcoin’s “illiquid supply” has reached a record 14 million BTC.Bitcoin illiquid supply returns to all-time highsBitcoin is increasingly finding its way into the hands of entities that do not sell what they acquire.Glassnode, which charts the portion of the BTC supply owned by so-called “illiquid entities,” reveals that this has reached levels not seen during the current bull market.An entity is considered illiquid if the ratio between its cumulative BTC inflows and outflows is below a certain value.“This ratio yields a number L between zero and one, with larger values indicating higher liquidity,” it explained in a dedicated guide.“Liquidity is therefore the extent to which an entity spends the assets it receives. Illiquid entities are those that hoard coins in anticipation of a long-term BTC price appreciation.”Bitcoin illiquid supply. Source: GlassnodeIlliquid supply stood at just over 14 million BTC this week, with the 30-day rolling increase coming in at 180,000 BTC, its largest jump since December 2022.At the time, the previous bear market was coming to an end, with BTC/USD declining 77% to hit long-term lows of just above $15,000 in the process.Bitcoin 30-day illiquid supply change. Source: GlassnodeWhale BTC accumulation “significant”As Cointelegraph continues to report, this bull cycle stands out in terms of investment trends thanks to increasing institutional participation.Related: BTC bulls get ‘biggest signal’ — 5 things to know in Bitcoin this weekCorporate treasuries, such as that of business intelligence firm Strategy, have combined with the US spot Bitcoin exchange-traded funds (ETFs) to make Bitcoin a mainstream investment target.Onchain data likewise shows that Bitcoin whales have accumulated throughout the recent BTC price rebound. Only retail investors appear to be panicking.“Bitcoin’s key whale & shark tier (holding 10-10K BTC) have now accumulated 83,105 more BTC in the past 30 days,” research firm Santiment reported in an X post this week. “Meanwhile, the smallest retail holders (holding Bitcoin whale and shark accumulation data. Source: Santiment/XThis article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.