21 May 2025, 11:19

Dogecoin’s Recent Activity Explores What Ruvi AI (RUVI) Can Offer in Utility to Early Investors

The post Dogecoin’s Recent Activity Explores What Ruvi AI (RUVI) Can Offer in Utility to Early Investors appeared first on Coinpedia Fintech News Dogecoin ( DOGE ), the beloved meme cryptocurrency , is currently trading at $0.22 . In the middle of growing bearish sentiment and increased futures liquidations worth over $12 million, Dogecoin struggles to find stability at its 200-day EMA. Despite these challenges, its enduring popularity highlights its significant place in the crypto world driven by community. While Dogecoin faces market turbulence, Ruvi AI is capturing spotlight with its innovative decentralized AI superapp . Ruvi AI Leads the Next Wave of Decentralized Innovation Ruvi AI is transforming the tech landscape with a community-driven ecosystem and advanced AI features. This revolutionary superapp blends cutting-edge technology with decentralization, creating smart solutions that redefine user interaction. Ruvi’s strong fundamentals are supported by a strategic collaboration with WEEX Exchange , a partnership aimed at unlocking greater liquidity and global reach, a key milestone in Ruvi’s pathway toward the broader adoption of its ecosystem. Ruvi’s Fast Phasing Presale Ruvi’s presale continues to gain momentum, demonstrating the project’s credibility and potential returns: Phase 1 sold out in just over two weeks, delivering early investors 50% gains . The current price sits at $0.015 , with the next phase gearing up for a 0.33% price increment . Analysts predict a potential price surge to $1 , signaling significant upside for participants. With the new WEEX collaboration , Ruvi is well-positioned to enhance its utility and attract new investors while maintaining strong performance within its presale stages. Investment Opportunities and Rewards Ruvi’s VIP investment tiers offer unparalleled opportunities for maximum ROI. Here’s how they break down: VIP Tier 1 ($480 investment with 20% bonus): Tokens received: 38,400 (32,000 base allocation + 6,400 bonus tokens). Value at $0.07 (end of presale): $2,688 . Value at $1: $38,400 . VIP Tier 3 ($1,650 investment with 60% bonus): Tokens received: 176,000 (110,000 base allocation + 66,000 bonus tokens). Value at $0.07 (end of presale): $12,320 . Value at $1: $176,000 . VIP Tier 5 ($9,000 investment with 100% bonus): Tokens received: 1,200,000 (double the base allocation). Value at $0.07 (end of presale): $84,000 . Value at $1: $1,200,000 . Leaderboard participants can also earn substantial rewards : Top 10 Contributors receive 500,000 bonus tokens , valued at $35,000 at $0.07 or $500,000 at $1 . Top 50 Contributors gain 250,000 bonus tokens , worth $17,500 at $0.07 or $250,000 at $1 . Top 100 Contributors earn 100,000 bonus tokens , valued at $7,000 at $0.07 or $100,000 at $1 . Join the Ruvi Movement With its innovative approach and impressive growth trajectory, Ruvi is redefining the standards of what decentralized technology can achieve. Don’t miss the chance to invest in Ruvi and secure a front-row seat in the next big revolution in blockchain and AI! Learn More Buy RUVI: https://presale.ruvi.io Website: https://ruvi.io Whitepaper: https://docs.ruvi.io Telegram: https://t.me/ruviofficial Twitter/X: https://x.com/RuviAI Try RUVI AI: https://web.ruvi.io/register

21 May 2025, 11:19

Yield-bearing stablecoins surge to $11B, now 4.5% of market: Report

Yield-bearing stablecoins have soared to $11 billion in circulation, representing 4.5% of the total stablecoin market — a steep climb from just $1.5 billion and a 1% market share at the start of 2024. One of the biggest winners of this trend is Pendle, a decentralized protocol that enables users to lock in fixed yields or speculate on variable interest rates. Pendle now accounts for 30% of all yield-bearing stablecoin total value locked (TVL), roughly $3 billion, the firm said in a report shared with Cointelegraph. Pendle noted that stablecoins make up 83% of its $4 billion total value locked, a sharp rise from less than 20% just a year ago. In contrast, assets such as Ether ( ETH ), which historically contributed 80–90% of Pendle’s TVL, have shrunk to less than 10% of its TVL. Traditional stablecoins like USDt ( USDT ) and USDC ( USDC ) do not pass on interest to holders. With over $200 billion in circulation and US Federal Reserve interest rates at 4.3%, Pendle estimated that stablecoin holders are missing out on over $9 billion in annual yield. Pendle TVL share by assets. Source: Pendle Related: How to Use tsUSDe on TON for Passive dollar Yield in 2025 Growing regulatory clarity benefits stablecoins The rise in yield-bearing stablecoins comes amid growing regulatory clarity under the US President Donal Trump’s administration. In February, the US Securities and Exchange Commission approved yield-bearing stablecoins as “certificates” subject to securities regulation rather than banning them outright. The approval allows yield-bearing stablecoins to operate under specific rules, including registration, disclosure requirements and investor protections. Moreover, proposed bills like the Stablecoin Transparency and Accountability for a Better Ledger Economy (STABLE) and the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) further signal a favorable direction. Meanwhile, Pendle said it expects stablecoin issuance to double to $500 billion in the next 18 to 24 months. The firm also anticipates yield-bearing stablecoins to capture 15% of this market with $75 billion in issuance (7x growth from $11 billion). Yield-bearing stablecoins issuance. Source: Pendle Related: PayPal to offer 3.7% yield on stablecoin balances: Report Pendle shifts focus to yield market Initially focused on airdrop farming, Pendle has shifted toward serving as an infrastructure layer for decentralized finance yield markets. Ethena’s USDe stablecoin currently accounts for approximately 75% of Pendle’s stablecoin TVL. However, newer entrants such as Open Eden, Reserve and Falcon have increased the share of non-USDe assets from 1% to 26% over the past year. Pendle is also expanding beyond Ethereum, with plans to support networks like Solana and to integrate with Aave and Ethena’s upcoming Converge blockchain. Notably, interest in yield-generating strategies within the cryptocurrency sector has surged in recent years, driven by both retail and institutional investors seeking to maximize returns on their digital assets. On May 19, Franklin, a hybrid cash and crypto payroll provider, announced the launch of Payroll Treasury Yield , which uses blockchain lending protocols to help firms earn returns on payroll funds. Magazine: NBA star Tristan Thompson misses $32B in Bitcoin by taking $82M contract in cash

21 May 2025, 11:17

Justin Sun Hints at TRON-Stellar Alliance After Visiting McCaleb’s Space Firm

The post Justin Sun Hints at TRON-Stellar Alliance After Visiting McCaleb’s Space Firm appeared first on Coinpedia Fintech News This crossover has got Twitter buzzing! TRON founder Justin Sun recently paid a visit to Jed McCaleb, the low-key legend behind Stellar and Ripple. Oh, and here’s where it gets interesting. The meeting took place at Vast, McCaleb’s space infrastructure startup. Sun’s takeaway? “This is just the beginning.” And if you know anything about how he moves, you know he means it. Thank you very much for the meeting with Jed. From eDonkey to Mt. Gox, Ripple, and Stellar, your journey has been a continuous source of inspiration for me. I hope we can have more collaboration in the space sector in the future — this is just the beginning! @JedMcCaleb pic.twitter.com/fQOhbKk9Cy — H.E. Justin Sun (@justinsuntron) May 21, 2025 From Peer-to-Peer to Space Stations Sun took to X to thank McCaleb for the meeting. “From eDonkey to Mt. Gox, Ripple, and Stellar, your journey has been a continuous source of inspiration for me. I hope we can have more collaboration in the space sector in the future” McCaleb’s resume speaks for itself. He built eDonkey in the early 2000s, co-founded Mt. Gox, helped launch Ripple and the XRP Ledger, and later created Stellar. Now he’s moved beyond blockchain to focus on space infrastructure with Vast , where he’s building next-gen space stations. A Long-Running Thread Between TRON and Ripple Before launching TRON, Sun was Ripple’s first hire in China – a role that gave him a front-row seat to early crypto development. That early connection has resurfaced from time to time, with even Ripple CTO David Schwartz acknowledging Sun’s past contributions. There’s a history here. And maybe, the beginnings of a bigger alignment. One More Stop: SpaceX After meeting McCaleb at Vast, Sun made another interesting visit – this time to SpaceX . He shared a playful photo in front of a Falcon 9 rocket, hinting at a possible joint mission with Elon Musk. It fits the moment, doesn’t it? Why It Matters Sun has always had a flair for dramatic moves but this one feels different. With McCaleb now building for orbit and Sun publicly pushing for “collaboration in the space sector,” it’s clear these conversations are headed for massive impact. We’re excited!

21 May 2025, 11:13

Cosmos price prediction 2025-2031: Will ATOM recover ATH?

Key takeaways : Cosmos’s price is predicted to reach a maximum value of $6.00 in 2025. In 2028, the coin could be worth between $15.75 and $18.39, with an average price of $16.32. By 2031, Cosmos (ATOM) might touch $57.54 Cosmos (ATOM) is a blockchain ecosystem that facilitates interoperability among independent blockchains. Co-founded by Jae Kwon and Ethan Buchman in 2014, Cosmos aims to create a decentralized network of blockchains that can communicate and transact seamlessly. Its main components include the Cosmos Hub, which serves as the central chain, and multiple “zones” that operate under their own rules while connecting to the Hub. The platform uses the Tendermint consensus algorithm and Inter-Blockchain Communication (IBC) protocol to enable fast low-cost transactions. Fees average around $0.01, and confirmation times are approximately seven seconds. Cosmos employs a Proof-of-Stake (PoS) mechanism, allowing users to stake their ATOM tokens for network security and transaction validation. Since its ICO in 2017, Cosmos has raised significant funding and established a growing ecosystem, including notable projects like Terra and Binance. With over 286 million ATOM tokens in circulation and a market cap exceeding $7.7 billion, Cosmos is positioned as a key player in the evolving landscape of blockchain technology, often referred to as the “Internet of Blockchains” for its ambitious goal of connecting diverse blockchain networks. Overview Cryptocurrency Cosmos Token ATOM Current Price $4.89 Market Cap $1.95B Trading Volume (24-hour) $149M Circulating Supply 390.93M ATOM All-time High $ 44.70 on Sept 19, 2021 All-time Low $1.13 on Mar 12, 2020 24-hour High $5.00 24-hour Low $4.67 Cosmos price prediction: Technical analysis Metric Value Price Volatility (30-day variation) $ 4.38 (-11.94%) 50-Day SMA $ 4.50 14-Day RSI 53.23 Sentiment Neutral Fear & Greed Index 70 (Greed) Green Days 14/30 (47%) 200-Day SMA $4.92 Cosmos (ATOM) technical price analysis TL; DR Breakdown: ATOM is showing moderate bullish momentum on both the 4-hour and 1-day charts with price moving above key mid-range Bollinger levels RSI values on both timeframes suggest healthy buying interest without signaling overbought conditions Resistance at $5.57 may cap further gains unless accompanied by strong volume or a breakout confirmation ATOM/USD 1-Day price chart ATOM 1-Day price chart ; Tradingview Based on the 1-day chart on May 21, Cosmos (ATOM) is showing signs of moderate bullish momentum. The price has broken above the midline of the Bollinger Bands, suggesting a shift toward buyer control. The Relative Strength Index (RSI) is hovering at 60.26, indicating growing bullish pressure but still below overbought conditions. If ATOM maintains its current trajectory and breaks above the $5.57 upper Bollinger Band, further gains may follow. However, resistance near $6 could cap upside potential unless volume surges. A dip below the midline at $4.73 might invite bearish pressure. Traders should watch for confirmation of a breakout or rejection soon. ATOM/USD 4-hour price chart ATOM 4-hour price chart ; Tradingview Based on the 4-hour chart, Cosmos (ATOM) is showing signs of moderate bullish momentum. The price has broken above the midline of the Bollinger Bands, suggesting a shift toward buyer control. The Relative Strength Index (RSI) hovers at 60.26, indicating growing bullish pressure but still below overbought conditions. If ATOM maintains its current trajectory and breaks above the $5.57 upper Bollinger Band, further gains may follow. However, resistance near $6 could cap upside potential unless volume surges. A dip below the midline at $4.73 might invite bearish pressure. Traders should watch for confirmation of a breakout or rejection soon. Cosmos technical indicators: Levels and action Daily simple moving average (SMA) Period Value Action SMA 3 $ 4.73 BUY SMA 5 $4.90 BUY SMA 10 $4.89 BUY SMA 21 $4.70 BUY SMA 50 $4.50 BUY SMA 100 $4.56 BUY SMA 200 $4.92 BUY Daily exponential moving average (EMA) Period Value Action EMA 3 $4.66 BUY EMA 5 $4.57 BUY EMA 10 $4.53 BUY EMA 21 $4.53 BUY EMA 50 $4.65 BUY EMA 100 $5.03 SELL EMA 200 $5.54 SELL What to expect from ATOM price analysis next? Based on both the 4-hour and 1-day charts, Cosmos (ATOM) exhibits a cautiously bullish outlook, though not without resistance. On the 1-day chart, ATOM is trading above the midline of the Bollinger Bands with the RSI at 60.26, indicating increasing buying momentum yet not in overbought territory. This signals potential for a continuation of upward movement if it breaks the $5.57 resistance. On the 4-hour chart, price action remains within the upper Bollinger range, suggesting short-term strength. However, without a strong volume breakout, consolidation between $4.73 and $5.57 is likely. Traders should monitor RSI trends and Bollinger Band expansions for direction. Is Cosmos a good investment? Cosmos (ATOM) shows potential as an investment due to its innovative approach to blockchain interoperability and recent upgrades like ATOM 2.0. Analysts predict long-term price growth, but the crypto market is highly volatile. Investors should conduct their research and consider risks before investing in ATOM. Is Cosmos a safe Network? The Cosmos network is built on the Tendermint consensus protocol, offering robust security and interoperability features. However, like all blockchain systems, it faces potential risks, requiring users to remain cautious and well-informed about emerging vulnerabilities and challenges. Will Cosmos reach $50? Based on Cosmo’s current market trends and growth projections, Cosmos (ATOM) is expected to reach a value of approximately $39.44 by 2030. Will Cosmos reach $100? Current predictions suggest that Cosmos (ATOM) will unlikely reach $100 soon. Analysts estimate it would require a significant increase of over 900% to hit that price. Our forecasts place its maximum potential around $57.54 by 2031, indicating limited short-term growth potential. Does Cosmos have a good long-term future? Cosmos (ATOM) promises a strong long-term future, with forecasts indicating significant price increases over the next decade. Analysts predict that ATOM could reach values as high as $45.96 by 2030, driven by its unique position in the blockchain ecosystem and ongoing developments in interoperability and scalability. The Cosmos Hub is well-established and supported by a dedicated community, enhancing its growth and adoption prospects in the evolving cryptocurrency landscape. Thus, the cosmos network could expand to a wider user base. Recent news/opinion on Cosmos Cosmos has announced that XRP is evolving through integration with the Cosmos ecosystem, using Cosmos SDK and IBC connectivity. Peersyst revealed that the $XRP token is now listed on MetaMask, marking a milestone powered by the XRPL EVM Sidechain. Ripple’s development team advances XRP’s interoperability across blockchain platforms. XRP is evolving, and it's happening on Cosmos ⚛️ Powered by Cosmos SDK. Connected by IBC. XRP Everywhere https://t.co/L7yRfFVBlb — Cosmos – The Interchain ⚛️ (@cosmos) May 1, 2025 Cosmos announced that Shade Protocol has launched ShadeX, the first encrypted money market, allowing users to earn passive yields while maintaining privacy. Unlike traditional crypto markets that expose financial details, ShadeX secures transactions with encryption. Built on CosmosSDK and CosmWasm, it aims to bring institutional-grade privacy to on-chain finance. 4/ ShadeX is leveraging CosmosSDK & CosmWasm to bring institutional-grade privacy to onchain finance. ShadeX goes live today! Get started here ⬇️ https://t.co/BmKeHttrRo https://t.co/BmKeHttrRo — Cosmos – The Interchain ⚛️ (@cosmos) March 5, 2025 The Cosmos ecosystem kicks off 2025 with a significant achievement: 100 Cosmos chains are now live on @MapOfZones. This milestone, a snapshot of the thriving ecosystem, has been permanently inscribed using @asteroidxyz. Cosmos Price Prediction May 2025 In May 2025, Cosmos (ATOM) could reach a maximum price of $4.41, with an average trading price of $4.29 and a minimum price of $3.92. Month Potential Low Potential Average Potential High May 2025 $3.92 $4.29 $4.41 Cosmos Price Prediction 2025 In 2025, Cosmos (ATOM) is projected to have a potential low of $4.08, an average price of $6.26, and a potential high reaching up to $6.80. Year Potential Low Average Price Potential High 2025 $5.17 $5.37 $6.00 Cosmos price predictions 2026-2031 Year Potential Low ($) Average Price ($) Potential High ($) 2026 $7.59 $7.81 $9.07 2027 $10.95 $11.34 $12.95 2028 $15.75 $16.32 $18.39 2029 $22.66 $23.48 $26.86 2030 $32.85 $33.79 $39.44 2031 $48.86 $50.55 $57.54 Cosmos Price Prediction 2026 In 2026, ATOM’s average price is expected to be $5.37. Its minimum and maximum trading prices are predicted to be $5.17 and $6.00, respectively. Cosmos Price Prediction 2027 In 2027, Cosmos may continue its upward trend, with projections suggesting a maximum of $12.95, an average of $11.34, and a minimum of $10.95. Cosmos Price Prediction 2028 Cosmos’s prices are anticipated to remain between $15.75 and $18.39 in 2028, with an average of $16.32. Cosmos price forecast 2029 The ATOM coin price prediction for 2029 estimates growth, with prices ranging from $22.66 to $26.86 and an average of $23.48. Cosmos Price Prediction 2030 By 2030, Cosmos is projected to reach a maximum atom price of $39.44, an average price of $33.79, and a minimum price of $32.85. Cosmos Price Prediction 2031 By 2031, Cosmos is expected to attain a minimum price of $48.86, with an average price of $50.55. The maximum price of the coin is predicted to be $57.54. Cosmos price prediction 2025-2031 Cosmos price prediction: Analysts’ ATOM price forecast Firm Name 2025 2026 Coincodex $4.98 $2.67 DigitalCoinPrice $9.08 $10.38 Cryptopolitan’s Cosmos price prediction According to Cryptopolitan’s price prediction for Cosmos (ATOM) in 2025, the cryptocurrency is projected to exhibit a price range from a potential low of $5.55 to a high of $6.22. Cosmos historic price sentiment Cosmos price history Cosmos, created by Ethan Buchman and Jae Kwon, launched its Initial Coin Offering (ICO) in 2017, with the network officially going live two years later in 2019. During the bullish market cycle of 2021, Cosmos saw its price peak at over $44, driven by significant investor interest and market optimism. However, following this surge, on 3rd April 2022, the price of Cosmos (ATOM) sharply declined to $6.39. Since then, Cosmos entered a prolonged phase of consolidation, trading within a range between $6.39 and $16 as market dynamics fluctuated. In early 2024, particularly around 8th March, Cosmos encountered significant resistance at the $13 level, struggling to gain momentum above this point. This resistance reflected broader market sentiment and potential selling pressure. By July 2024, ATOM’s price was trading in a narrower range, between $5 and $6, indicating a lack of upward momentum. By August 2024, the price had further dipped to $4.02, suggesting increasing bearish pressure. This recent decline highlights ongoing challenges for Cosmos in maintaining its price stability and suggests potential further downside as market bears dominate, putting pressure on potential buyers to defend against a continued downward trend. On September 2024, the Cosmos price ranged between $4 to $5, and on October 06, the price traded at $4.5837 with a trading volume of $48.48M. On November 5, ATOM was trading at $4.10. By December 5, ATOM’s price surged significantly, trading at $10. Cosmos ATOM surged to $9 at the start of December 2024, but it declined to $9.6 and closed the year at $6.3. In January 2025, Cosmos peaked at $7.77, and in February, it traded between $4.54 and $4.86. ATOM value decreased further in March, trading between the $4.0 to $4.2 range. Cosmos ATOM traded between $4.0 to $4.2 in March. ATOM ended April at $4.5. In May, ATOM is trading around $4.67 – $5.

21 May 2025, 11:11

What is Wrapped stETH? Ethereum derivative explained

Wrapped stETH (wstETH) is a currency that combines the flexibility of decentralized finance (DeFi) with the advantages of Ethereum staking. In this article we’ll discuss what is Wrapped stETH, how it works, what it is used for, and price history of Wrapped stETH ( WSTETH ). Table of Contents What is Wrapped stETH? How does Wrapped stETH work? Price history of Wrapped stETH What is Wrapped stETH? A stable variant of staked ether, Wrapped stETH (WSTETH) is a currency intended for usage in decentralized finance (DeFi) applications. By staking ETH using Lido’s liquid staking platform, one can receive a wrapped version of stETH. As a result, users can still take part in DeFi applications and receive incentives for staking. The value of stETH is standardized by wrapping it into wstETH, which also facilitates integration with a variety of DeFi protocols. WSTETH keeps a fixed balance that rises in value over time, in contrast to standard stETH, which rebalances every day to reflect staking earnings. Because of its increased predictability and compatibility with loan platforms, liquidity pools, and smart contracts, users can leverage their staked assets without compromising their staking incentives. You might also like: HyveDA partners with Lido to offer scalable DA, adds wstETH as collateral How does Wrapped stETH work? Built on the Ethereum blockchain, wrapped stETH stakes ETH using Lido’s liquid staking platform. The method creates a stable and consistent balanced version of stETH by wrapping stETH, which is acquired by staking ETH via Lido’s platform. By offering a stable and consistent balanced version of stETH, Wrapped stETH cryptocurrency sets itself apart from rivals and is appropriate for DeFi applications. Its ability to offer a wrapped version of stETH that is compatible with a variety of DeFi protocols gives it a competitive edge. Compared to other liquid staking methods, which might not offer a steady and consistent balance, wrapped stETH performs well. What is Wrapped stETH used for? Wrapped stETH (WSTETH) aims to offer a consistent and stable balance version of stETH that can be utilized in DeFi applications including aggregators, optimizers, liquidity pools, lending protocols, and DEXs. Wrapped stETH cryptocurrency’s frequent rebasing makes it inappropriate for certain DeFi protocols; this project attempts to address this issue. Among the possible applications for wrapped stETH are liquidity provision, yield generation, and DeFi application participation. How many Wrapped stETH are there? The total supply and circulating supply of Wrapped stETH is set at 3,476,696. The official contract for WSTETH is 0x7f39c581f595b53c5cb19bd0b3f8da6c935e2ca0 and more information about Wrapped Ether can be taken from the following links: https://lido.fi/ and https://blog.lido.fi/ Price history of Wrapped stETH WSTETH is currently trading around $3042.37 with a market cap of $10.6 billion and a 24-hour trading volume of $24.7 million. Wrapped stETH 1D chart, Source: Tradingview The price of WSTETH has rallied in the past few days as the crypto market in general is witnessing a bullish rally. Further targets for WSTETH can be $4000, with some retracement levels coming up around the $2500 mark. It is advisable to not invest in any cryptocurrency without doing research as they can be volatile and considered a risky investment as compared to traditional financial instruments. You might also like: Ethereum’s gas woes get a fix as MetaMask launches ‘Gas Station’ Who created Wrapped stETH? The developers behind Lido , a liquid staking platform, developed Wrapped stETH (wstETH). WstETH is a wrapped form of stETH, a coin that represents the portion of ETH that you have staked through Lido. Unlike stETH, which is rebased every day to reflect staking rewards, wstETH is made to be more easily integrated with DeFi protocols by keeping a steady balance. Is Wrapped stETH secure? Although wrapped stETH (wstETH) is usually regarded as secure, it’s crucial to comprehend the security context. No exploits or hacks of Wrapped stETH itself have been documented. However, stETH has been lost due to flaws in other protocols or systems that use it, such the Bybit exchange hack or the Idols NFT Protocol exploit. Rather than focusing on Wrapped stETH’s security, these occurrences emphasize how crucial it is to comprehend the risks involved in using stETH and the protocols that interface with it. What makes Wrapped stETH unique? A tokenized form of staked Ether on the Ethereum ( ETH ) network, wrapped stETH (stETH) is a special kind of cryptocurrency. Accordingly, users that stake their Ethereum on Lido receive stETH, which is an equivalent of their staked Ethereum. Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

21 May 2025, 11:10

Mayor Eric Adams Unveils Digital Advisory Council to Cement NYC’s Crypto Leadership

New York City Mayor Eric Adams has announced plans to form a digital advisory council aimed at attracting investment, creating tech jobs, and positioning the city as the “crypto capital of the globe.” The declaration came during his keynote speech at the first-ever New York City Crypto Summit on May 20. “This is not about chasing memes or trends,” Adams told attendees. “We want to use the technology of tomorrow to better serve New Yorkers today.” Emphasizing a long-term vision, he said the city must embrace innovations like blockchain and crypto to build a modern, equitable economy. Crypto Council to Guide NYC’s Digital Strategy Though specific names and functions of the advisory council have yet to be disclosed, Adams said a chairperson and initial policy recommendations will be announced in the coming weeks. The council will include experts from financial technology, blockchain, and public policy sectors, tasked with helping the city navigate and implement forward-thinking crypto strategies. Earlier this month, Adams also revealed that financial services firm Figure and private equity groups Traction and Scale will assist in shaping the city’s crypto roadmap. Among their goals: exploring crypto payments for municipal services and leveraging blockchain for secure management of sensitive documents such as birth and death records. “Bringing blockchain security capabilities to the city means that birth certificates and death records can remain private but accessible to New Yorkers and their next of kin,” Adams explained. “We want to bring jobs of the future to our city today.” Statewide Legislation Lags Behind City’s Vision While Adams pushes forward, state lawmakers are also working to catch up. In April, Assemblyman Clyde Vanel introduced a bill that would allow New York State agencies to accept crypto as payment . However, it has yet to reach the state’s full House or Senate for a vote. Meanwhile, the Blockchain Study Act—introduced by Senator James Sanders Jr. in February—seeks to form a state crypto task force. That bill too remains in early stages. Adams, who made digital assets a centerpiece of his mayoral campaign in 2022 and famously accepted his first three paychecks in Bitcoin, continues to advocate for integrating crypto into city governance. Although he faced a corruption investigation tied to alleged foreign donations, the case was dismissed with prejudice on April 2. Across the U.S., momentum is building. At least 18 states are considering legislation to create strategic Bitcoin reserves, with New Hampshire and Arizona already approving such measures . The post Mayor Eric Adams Unveils Digital Advisory Council to Cement NYC’s Crypto Leadership appeared first on TheCoinrise.com .