GD Culture Group (GDC) aims to raise $300 million to enhance its cryptocurrency treasury reserve, marking a significant move towards blockchain integration. This initiative underscores GDC’s commitment to adapting to
COINOTAG News reported on May 13th that QCP has issued its latest market observation, highlighting a pivotal development: a temporary tariff reduction agreement between China and the United States. This
GDC to Invest $300M in Bitcoin and TRUMP Memecoin $BTC #Bitcoin
Arizona Governor Katie Hobbs has taken significant steps in the cryptocurrency landscape, demonstrating a cautious yet proactive approach to digital asset regulation. The rejection of two Senate bills, aimed at
Tron has officially surpassed Ethereum in total circulating USDT, marking a major shift in the stablecoin space. According to a May 12 post by CryptoQuant contributor Maartunn, on May 6, Tron’s ( TRX ) USDT supply reached $73.8 billion, exceeding Ethereum’s ( ETH ) $71.9 billion. Tron is now leading in USDT issuance for the first time after almost two years of steady growth, propelled by cheap fees, quick settlement times, and a stable network. TRON $73.8B USDT Supply Overtakes Ethereum’s USDT Supply “For the first time ever, the total supply of USDT on TRON (TRC-20) surged past that on Ethereum (ERC-20), reaching $73.8B versus $71.9B.” – By @JA_Maartun pic.twitter.com/wuhj8HFPEb — CryptoQuant.com (@cryptoquant_com) May 12, 2025 Since mid-2023, Tron’s growth has been consistent. The TRC-20 network has become the preferred choice for large-scale Tether ( USDT ) transactions, with more than $14 billion worth of new USDT being minted on the network in just the first half of 2025. It has gained popularity among decentralized finance users, traders, and businesses due to its low transaction fees, quick block finality, and reliable uptime. In contrast, Ethereum’s USDT growth has stabilized. Users are now switching to less costly options like Tron or Layer-2 solutions because of high gas prices and slower settlement. As a result, even though Ethereum was the original home of USDT, it has begun to lose ground in the stablecoin space. You might also like: MoonPay joins forces with TRON, adds support for TRX in the U.S. Beyond stablecoins , Tron’s ecosystem is thriving. With a daily transaction volume of over 8.4 million, the network recently surpassed 10 billion total transactions . Tron’s decentralized exchange volume increased from $3.4 billion to $4.9 billion in April, a 40% rise from the previous month. Additionally, its total value locked has risen to more than $5 billion. Adding to the momentum, on May 1, World Liberty Financial announced the integration of its USD1 stablecoin onto the Tron network. At TOKEN2049 in Dubai, Tron also revealed a new Gas Free feature, allowing users to pay fees without holding TRX. At the time of writing, TRX, is trading at $0.2618, up over 6% in the past week. Tron founder Justin Sun has revealed that he expects TRX to hit a new all-time high this quarter, citing growing network activity and its increasing correlation with Bitcoin ( BTC ). Read more: Tron memecoins skyrocket as Justin Sun pushes zero-fee meme trading
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 Usage Effectiveness multiplier. Based on Adler Jr’s calculations, at Bitcoin’s current market price, miners stand to gain a 182% profit compared to the $36,800 it takes them to mine a single BTC. Adler Jr noted that the pattern is similar to the beginnings of BTC’s earlier bull-run back in late 2022. In the earlier rally that started in November 2022, BTC shot up by nearly 100%, surging from $16,000 to $30,000 by January 2023. The average cost of mining 1 BTC for miners is currently $36.8K. The spread between the current market price and the cost of one coin = 182%. This is essentially the average profitability. This corresponds to the beginning of the bull cycle in November 2022 and the peaks of this… pic.twitter.com/ynCLNWYCsE — Axel 💎🙌 Adler Jr (@AxelAdlerJr) May 13, 2025 “This is essentially the average profitability. This corresponds to the beginning of the bull cycle in November 2022 and the peaks of this cycle >$100K,” said Adler Jr in his post. Assuming the price stays well above the $36,800 mark, Adler Jr estimated miners will be able to fully breakeven for each coin. He even stated that miners will be able to reap excess profits comparable to those reached during the beginning of Bitcoin’s bull rally back in January 2023. Price chart for Bitcoin in the past few hours, May 13, 2025 | Source: crypto.news Read more: Bitcoin surges past $105k on the heels of a U.S. and China trade deal At press time, Bitcoin has gone down 1.85% in the past 24 hours, according to data from crypto.news. BTC is currently trading hands at $102,894. However, it recently reached a daily peak of $104,635. Just a day prior, Bitcoin surpassed $105k for the first time since January 31. Most recently, BTC has been on a rally fueled by a temporary trade truce between the U.S. and China. It was able to recover from the slump it experienced back in early April when it fell below the $75,000 mark after global stock markets crashed in the aftermath of President Trump announcing blanket trade tariffs across more than 60 countries and regions. In the past month, BTC has been able to recover beyond the $100k threshold, rising by as much as 21.7%. Meanwhile, in the past week, BTC has gone up by nearly 9%. You might also like: Bitcoin miners show no sign of capitulation as structural signals stay positive, Bitfinex says
Bitcoin’s transformative journey continues as its illiquid supply reaches a historic milestone of 14 million BTC, reflecting a shift in investor sentiment. This unprecedented surge marks the largest 30-day increase
Bitcoin’s price ascent came to a halt yesterday at almost $106,000, where the asset faced a violent rejection that pushed it south to under $101,000 before it staged a minor recovery. Most altcoins have turned red today after the recent gains, led by a massive price slump from PI. BTC Stopped at $106K After trading sideways for about a week at around $94,000 and $96,000, bitcoin finally broke above the upper boundary last week and quickly shot above $100,000. Since that date (May 8), the cryptocurrency has remained well within six-digit territory. Its price climb continued in the past few days, even during the calm weekend, perhaps due to the positive developments on the US-China trade front. The culmination came yesterday as both countries announced a pause in the tariffs, and BTC spiked to a new four-month peak of just under $106,000. However, the bears finally reemerged at that point and stopped the asset’s rise. In a matter of a few hours, BTC slumped hard and dropped below $101,000 for the first time in almost a week. Nevertheless, it has bounced off and now trades close to $103,000. Its market cap has remained at around $2.040 trillion, while its dominance over the alts has recovered some ground and is up to 59.8% on CG. BTCUSD. Source: TradingView Alts Back in Red Most altcoins registered massive gains in the past week or so, and expectedly, have corrected over the past day. Some of the biggest price drops come from the meme coin space, with DOGE, SHIB, PEPE, and WIF dropping by around 10%. PI has dumped the most from the largest 100 alts, having lost 25% of value and trading below $1.15 now. In contrast, XRP is the only exception with minor daily gains, having tapped $2.5. Ripple’s cross-border token neared $2.7 yesterday but was rejected at that point. The total crypto market cap has lost almost $100 billion since yesterday’s peak and is down to $3.42 trillion on CG. Cryptocurrency Market Overview. Source: QuantifyCrypto The post XRP Defies Market Correction Trend, BTC Price Slips Below $103K (Market Watch) appeared first on CryptoPotato .
The analyst who accurately called Bitcoin’s pre-halving correction last year believes BTC is on the verge of igniting rallies en route to new all-time highs. Pseudonymous analyst Rekt Capital tells his 546,700 followers on the social media platform X that Bitcoin needs to take out its last resistance area at around $105,000 to trigger a breakout into price discovery. “Can Bitcoin Weekly Close above the Range High of its recently reclaimed Re-Accumulation Range to kickstart the breakout process? Bitcoin is on the cusp of beginning Price Discovery Uptrend two.” Source: Rekt Capital/X In crypto trading, price discovery generally refers to an asset soaring to uncharted territory and new all-time high levels. With Bitcoin struggling to take out the resistance for now, Rekt says that BTC may need to first revisit a key level below $100,000 and flip it into support before the crypto king erupts. “That means that unless BTC is able to break $104,500 Range High resistance, then anything within that price range would be fair game [this] week. And if the Lower High needs to be turned into support (like in the Post-Halving period; blue circle), dips into $97,000 would satisfy that retest.” Source: Rekt Capital/X At time of writing, Bitcoin is worth $102,473. Looking at Ethereum, Rekt says that ETH has surged into a new trading range after last week’s 40% eruption. According to the trader, the doors are now open for ETH to attack its 2024 highs close to $4,000. “Ethereum [has printed a] Weekly Close in its $2,200-$3,900 Macro Range. Weekly Closes above $2,200 have historically set off uptrends across the Range (blue circle). Any dips, if needed at all, would solidify $2,200 as Range Low support.” Source: Rekt Capital/X At time of writing, ETH is worth $2,469. Follow us on X , Facebook and Telegram Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Crypto Trader Says Bitcoin on Cusp of Price Discovery Phase, Sees Ethereum Attacking December Highs appeared first on The Daily Hodl .
Ripple’s XRP has surged ahead of Tether for the first time since 2021, signaling a renewed wave of investor confidence in the cryptocurrency market. Market data reveals a significant increase