Gulf Labs, part of Thailand's GULF Group, began operating an institutional validator on the Injective blockchain network on October 6. This move enhances Gulf Labs' role in transaction validation, network security, and governance within the proof-of-stake system, aligning with their vision to strengthen Web3 infrastructure. The collaboration also explores tokenization, stablecoins, and potential institutional products, leveraging Gulf Group's energy, telecom, and data-center assets. While specific projects and financial details remain undisclosed, this partnership marks a strategic step toward integrating blockchain with Thailand's institutional sectors.
Gulf Labs' new role as an institutional validator on the Injective blockchain is the context for this market snapshot. For readers following major cryptocurrencies on Pluang as of Oct 13, 2026 23:03 WIB: out of 50 priced assets, 12 rose and 37 fell. Notable movers include XTZ (Tezos) at Rp5.857 with a 1-day change of +4.76% and a typical hold time of 100 days, AXS (Axie Infinity) at Rp20.440 down 4.67% with 98% buy order activity, and KSM (Kusama) at Rp83.380 down 4.35% with 90% buy order activity.
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