Bitcoin Soars Past $104K; YZi Labs Announces Web3 Startup Accelerator

**Crypto News Today: May 13, 2025**

Bitcoin prices continue to show an unusual correlation with global M2 money supply, defying analyst predictions. Notably, the digital currency has surged past the $104,000 mark, reflecting a significant rise that is largely due to this unexpected relationship.

Meanwhile, YZi Labs, formerly known as Binance Labs, has announced its EASY Residence program for Web3, AI and healthcare startups. This intensive 10-week accelerator program awards selected startups up to $500,000 in funding ($150,000 equity plus an uncapped SAFE) with the goal of providing founders a supportive environment to work on their projects.

Applications close on May 21, 2025 at 23:59 GMT-7.