21 May 2025, 07:47

NYC Mayor Eric Adams announces establishment of a crypto advisory council

Mayor Eric Adams announced on May 20th that the city of New York was launching a crypto advisory council to bring fintech jobs into the Big Apple. He noted that NYC had sufficient experts to help New Yorkers navigate solutions through blockchain technology. Speaking at the first ever crypto summit hosted at the mayor’s official residence, Gracie Mansion, Adams asserted that NYC was “open for ‘crypto’ business” and the proposed digital assets council would be composed of industry individuals, with a chair to be confirmed in the coming weeks. Mayor Adams vows to make New York City the “crypto capital of the globe” We're taking the next step in becoming the Crypto Capitol of the WORLD, hosting our city's first-ever Crypto and Digital Assets Summit! Join us LIVE as we get started: https://t.co/iwO6ThkaSB — Mayor Eric Adams (@NYCMayor) May 20, 2025 Mayor Adams said at the crypto conference on Tuesday that he wanted to make New York City the “crypto capital of the globe” and will make policy recommendations in the coming weeks. He also pointed out that in addition to business interests, the city will explore putting birth and death records onto a blockchain to help New Yorkers’ next of kin easily access these types of documents. Adams told the inaugural NYC crypto summit on May 20 that the plan to establish the city’s crypto advisory council was not about chasing memes and trends. He added that the world is currently in the age of tokenization—which includes, blockchain, and other fintech innovations—and NYC was going to continue to move forward with it. “We want to use technology of tomorrow to better serve New Yorkers today … That means supporting the development of a more diverse, equitable, inclusive tech ecosystem. We must embrace this emerging technology and build on the success of our economy.” ~ Eric Adams, the Mayor of New York City The self-proclaimed “tech mayor” also revealed his history as a computer programmer, highlighting that he was one of the original architects of OLTPS, the precursor to COMPStat. He disclosed that he came into the tech world with a real mindset that technology could improve the lives of people, and the establishment of the crypto advisory council was part of “the evolution of that improvement.” NYC Mayor asks crypto companies to set up shop in the Empire State Mayor Adams made a pitch to crypto companies returning to the U.S. or expanding their presence in the country to set up shop in New York City. He said at a previous press briefing at Gracie Mansion that the city of New York should be looking forward to building crypto empires. Adams, who is running for reelection, reiterated his commitment to making NYC a crypto hub, telling reporters that he would work with tech and crypto companies—both big and small—to create a friendly environment to attract and help them succeed. He added that his goal remained the same as it was on day one as mayor, helping President Trump make the U.S. the “crypto capital of the planet.” Adams also claimed that New York would attract world-class talent, provide opportunities for underbanked communities, and make the government more user-friendly. He pointed out that his office was focused on the long-term value of these technologies for the city and its people. In the past, Adams was critical of Bitlicense, claiming that it stifled regulation, and he advocated scrapping it shortly after taking office as mayor in 2022. He, however, seemed to strike a more conciliatory tone towards NYDFS, saying that it was good to know that the city would have safe regulations in place for those who were investing and that there would not be any abuses. KEY Difference Wire helps crypto brands break through and dominate headlines fast

21 May 2025, 07:46

Bitfinex Alpha | Sức Mua Thực Tế Đẩy Bitcoin Lên Đỉnh Mới

XEM FULL BÁO CÁO Tạo Tài kHoản Bitfinex Bitcoin tiếp tục thể hiện sự bền bỉ đáng kinh ngạc và sức mạnh cấu trúc bất khả chiến bại, tăng đều đặn kể từ khi lấy lại mức đáy $92,000 vào cuối tháng Tư. Cú tăng giá gần đây mang đậm dấu ấn của thị trường spot , với những pha bứt phá mạnh mẽ sau những giai đoạn ngắn gọn và rõ ràng để nghỉ xả hơi. Điều này cho thấy việc tích lũy diễn ra lành mạnh và nhu cầu tiềm ẩn rất vững chắc, thay vì bị thúc đẩy bởi các yếu tố đầu cơ thái quá. Dữ liệu Khối lượng Delta tích lũy (CVD) trên các sàn lớn vẫn giữ mức dương, khẳng định rằng những người mua thực sự — chứ không phải dân đánh đòn bẩy — đang chiếm ưu thế trong cuộc đua này. Trong khi đó, thị trường phái sinh đang ở trạng thái phản ứng , với các biến động về khối lượng mở (OI) cho thấy giai đoạn chuyển đổi, nơi các cú ép bán và thanh lý hàng loạt giúp làm sạch lớp bọt bẩn trên thị trường. Kết quả là nền tảng hiện tại trở nên sạch sẽ hơn, với đà tăng được hỗ trợ bởi dòng vốn thực chất thay vì những cơn sốt nhất thời. Với giá Bitcoin vừa điều chỉnh nhẹ sau khi đạt mức cao kỷ lục, mức chênh lệch giá (premium) thị trường giao ngay vẫn khá cao, hành động giá đi ngang hiện tại có thể chỉ đơn giản là một khoảng thời gian lấy sức trước khi bùng nổ. Mặc dù các đợt điều chỉnh nhỏ vẫn có khả năng xảy ra, xu hướng lớn vẫn đang nghiêng về phía tích cực. Mặc dù Bitcoin đang bay cao, nhưng các dấu hiệu cảnh báo tiếp tục xuất hiện trên nền kinh tế Mỹ, khi lạm phát giảm dần nhưng những rủi ro cấu trúc sâu hơn bắt đầu lộ rõ. Chỉ số giá tiêu dùng (Consumer Price Index – CPI) chỉ tăng 0.2% so với tháng trước và tăng 2.3% so với năm ngoái—mức tăng thấp nhất kể từ đầu 2021. Giá thực phẩm giảm đã giúp làm dịu bớt áp lực từ chi phí nhà ở, nhưng triển vọng vẫn còn mờ mịt do bất ổn quanh thuế quan và chính sách thương mại. Dù Mỹ và Trung Quốc đã đạt được thỏa thuận ngừng bắn tạm thời, các mức thuế nhập khẩu lớn vẫn đang tồn tại, và nhiều khả năng sẽ có thêm thuế mới vào tháng 7 tới. Những căng thẳng thương mại chưa được giải quyết này tạo ra thách thức lớn cho cả doanh nghiệp và giới hoạch định chính sách. Đồng thời, áp lực tài chính đang đè nặng lên các hộ gia đình. Số liệu từ Fed New York cho thấy tỷ lệ nợ tín dụng và vay sinh viên quá hạn trên 90 ngày đang tăng lên, vẽ nên bức tranh u ám về tình hình tài chính cá nhân. Khi tác động của thuế quan bắt đầu cắn, cùng với rủi ro lạm phát tiếp tục treo lơ lửng, sự kết hợp giữa tăng trưởng chậm và giá cả leo thang—hay còn gọi là lạm phát đình trệ (stagflation) —có thể khiến Cục Dự trữ Liên bang (Fed) rơi vào thế khó. Hiện tại, với chi phí dịch vụ lõi và nhà ở vẫn còn ở mức cao, Fed nhiều khả năng sẽ tiếp tục thận trọng. Tuy nhiên, khi áp lực kinh tế ngày càng gia tăng, những tháng tới sẽ đòi hỏi sự linh hoạt và cảnh giác cao độ. Dù thị trường có lúc chập chờn và quy định pháp lý vẫn là câu chuyện dài kỳ, việc chấp nhận Bitcoin trong giới doanh nghiệp và tổ chức vẫn đang phát triển mạnh mẽ. Quỹ đầu tư Mubadala của Abu Dhabi đã tăng cường nắm giữ cổ phần trong quỹ ETF Bitcoin spot của BlackRock (IBIT) trong quý 1/2025, thể hiện niềm tin dài hạn mặc cho giá trị thị trường của IBIT tạm thời sụt giảm. Kể từ khi ra mắt vào tháng 1/2024, IBIT đã dẫn đầu thị trường ETF spot tại Mỹ, thu hút hơn $45.5 tỷ dòng tiền chảy vào và quản lý tổng cộng $65.4 tỷ tài sản. Tại Mỹ Latinh, công ty fintech Méliuz của Brazil đã trở thành công ty đại chúng đầu tiên trong khu vực áp dụng chiến lược dự trữ Bitcoin. Sau khi mua 274.52 BTC trị giá $28.4 triệu , tổng số Bitcoin họ sở hữu giờ đã vượt 320 BTC . Động thái này nhận được sự ủng hộ mạnh mẽ từ cổ đông và khiến giá cổ phiếu công ty tăng vọt 116% , minh chứng cho sự ủng hộ của nhà đầu tư đối với chiến lược tài chính dựa trên crypto. Tuy nhiên, khung pháp lý vẫn là một trận chiến cam go. Một thẩm phán Mỹ vừa bác bỏ đề nghị chung giữa SEC (Ủy ban Chứng khoán và Giao dịch) và Ripple nhằm giảm nhẹ hình phạt và dỡ bỏ các hạn chế, viện dẫn lỗi thủ tục do vụ án đang trong quá trình kháng cáo. Quyết định này tạm thời chặn đứng một thỏa thuận tiềm năng trong vụ kiện mang tính bước ngoặt, có thể định hình tương lai của quy định crypto tại Mỹ. Tất cả những sự kiện này phản ánh cả động lực lẫn thách thức mà crypto đang đối mặt trong hành trình tiến vào hệ thống tài chính toàn cầu. Đừng quên theo dõi cộng đồng Bitfinex Vietnam tại Telegram , Twitter & Facebook để cập nhập các bài viết, thông tin & sự kiện sớm nhất nhé! The post Bitfinex Alpha | Sức Mua Thực Tế Đẩy Bitcoin Lên Đỉnh Mới appeared first on Bitfinex blog .

21 May 2025, 07:23

Blackstone Makes First Crypto Move With Investment in BlackRock’s Bitcoin ETF

Key Takeaways: Blackstone makes first direct crypto investment. The asset manager has added Bitcoin ETFs and crypto ATM shares. BlackRock’s IBIT leads U.S. Bitcoin ETFs in inflows. Blackstone, the world’s largest alternative asset manager, has made its first move into crypto markets, purchasing shares in BlackRock’s iShares Bitcoin Trust (IBIT), a spot Bitcoin exchange-traded fund. According to a May 20 filing with the U.S. Securities and Exchange Commission, Blackstone acquired 23,094 IBIT shares as of March 31, valued at approximately $1.08 million. The investment was added to the firm’s $2.63 billion Alternative Multi-Strategy Fund (BTMIX), marking the asset manager’s initial exposure to Bitcoin via regulated financial products. Blackstone Adds ProShares Bitcoin ETF and Crypto ATM Shares to Portfolio The filing also reveals that Blackstone purchased 9,889 shares of the ProShares Bitcoin ETF (BITO), totaling $181,166, and a smaller position in Bitcoin Depot Inc. (BTM), a crypto ATM operator, with 4,300 shares worth just $6,300. Though modest in size—especially relative to Blackstone’s $1.2 trillion in assets under management—the move represents a notable shift for a firm that has historically kept crypto at arm’s length. In 2019, Blackstone CEO Steve Schwarzman expressed skepticism about crypto, stating, “I was raised in a world where someone needs to control currencies,” and admitted difficulty understanding the technology behind it. Blackstone’s entry into Bitcoin ETFs comes as demand for institutional access to digital assets grows. $1 TRILLION BLACKSTONE JUST REVEALED BUYING #BITCOIN ETF FOR THE FIRST TIME IN HISTORY THIS IS WILD!!! pic.twitter.com/PvlIddtndp — Vivek (@Vivek4real_) May 20, 2025 IBIT, launched by BlackRock in January 2024, has quickly become the leader among U.S. spot Bitcoin ETFs. As of mid-May, the fund has recorded over $46.1 billion in net inflows and has not seen a single outflow since April 9, according to Farside Investors. In contrast, the Wisconsin Investment Board, one of the first U.S. public pension funds to gain Bitcoin exposure, reported on May 15 that it had fully liquidated its 6 million IBIT shares during Q1. IBIT continues to outpace competitors like Fidelity’s FBTC and ARK’s Bitcoin ETF, which have seen $11.8 billion and $2.8 billion in net inflows, respectively. DigiAsia Stock Doubles on $100M Bitcoin Purchase Plan Shares of Indonesian fintech firm DigiAsia Corp surged by over 91% on May 19 , after the Nasdaq-listed company announced plans to raise $100 million to initiate Bitcoin purchases as part of a new treasury strategy. The Jakarta-based firm revealed that its board has approved the creation of a Bitcoin treasury reserve. DigiAsia says it intends to allocate up to 50% of its net profits toward acquiring Bitcoin, signaling a shift in how it plans to manage its capital amid growing corporate interest in digital assets. In addition to deploying profits into Bitcoin, DigiAsia is actively exploring a capital raise of up to $100 million to kickstart its holdings. Notably, public companies continue to increase their exposure to Bitcoin, with Michael Saylor’s firm, Strategy, leading the charge. The Virginia-based company recently announced it would double its capital-raising efforts to $84 billion in order to acquire more Bitcoin. The post Blackstone Makes First Crypto Move With Investment in BlackRock’s Bitcoin ETF appeared first on Cryptonews .

21 May 2025, 07:11

CME's XRP Futures Have Pulled In Nearly $30M Since Debut, Fueling XRP ETF Hopes

XRP futures contracts on the Chicago Mercantile Exchange (CME) recorded over $19 million in notional trading volume on their first day and at least $10 million on Tuesday, data shows. The inaugural trade, a block transaction, was cleared by Hidden Road on May 18. CME's XRP futures are available in two sizes: standard contracts representing 50,000 XRP and micro contracts representing 2,500 XRP. Both are cash-settled and benchmarked to the CME CF XRP-Dollar Reference Rate, calculated daily at 15:00 UTC. Standard contracts bagged a volume of 7.5 million XRP on Monday and 2.95 million XRP on Tuesday, while micro contracts did 517,000 XRP on Monday and at least 1.2 million XRP on Tuesday. Market participants see the launch of these regulated futures contracts as a step toward the potential approval of a spot XRP exchange-traded fund (ETF) in the United States. “Spot XRP ETFs only a matter of time,” Nate Geraci, President of the ETF Store, said in an X post Monday. Despite the strong debut of the futures contracts, XRP's spot price remained relatively stable, trading around $2.38, with a slight increase of 0.42% over the past 24 hours.

21 May 2025, 07:09

Ripple Lawsuit: Judge Torres May Rule Differently if This Happens

The post Ripple Lawsuit: Judge Torres May Rule Differently if This Happens appeared first on Coinpedia Fintech News The ongoing legal battle between Ripple and the SEC might be heading for a surprising turn. If government secrets or national security interests come into play, Judge Analisa Torres could be forced to revisit some of her earlier decisions — and that could change the future of XRP in a big way. Judge Torres recently denied the SEC’s request to lift the ban on XRP institutional sales and to reduce Ripple’s $125 million fine. If a second attempt is denied, Ripple might file a cross-appeal, which could keep the case going — and possibly delay XRP spot ETFs even further. Why National Security Could Matter A social media user, Ashley Prosper, recently explained how this could happen. Judge Torres wouldn’t change her ruling just because of outside pressure. But if official documents or classified information showed that XRP was tied to national interests, the law would require the court to act. For example, there could be a Treasury order revealing XRP’s role in a new digital reserve system, or FedNow documents hinting that XRP might be used in U.S. payment networks. The Department of Justice could also claim the lawsuit is harming America’s financial system or foreign relations. If something like this happened, the court would have to prioritize national security and adjust the case accordingly. Could the Treasury or Fed Step In? There’s also a chance that the U.S. Treasury or the Federal Reserve could get involved. If either one filed a legal note or spoke to the court directly, saying XRP is part of the country’s future financial system and the lawsuit isn’t in the public interest, it could change everything. This might lead to restrictions being lifted, penalties reduced, or even the case being dropped. While these moves are rare, they’ve happened before — usually during financial crises or issues involving national security. If XRP is really becoming part of the U.S. financial system, this legal battle might be setting the stage for something bigger. New information or government support could quickly turn XRP into an important piece of the country’s financial future. XRP ETF Decision Delayed Again In other news, the SEC has pushed back its decision on 21Shares’ application for a spot XRP ETF. This follows similar delays for Franklin Templeton and Bitwise. Bloomberg analyst James Seyffart said crypto ETF approvals — including XRP — aren’t likely until late June or early July. But realistically, it might not happen until early 2025.

21 May 2025, 07:08

Legal Commentary Identifies Economic Link Between XRP and Ripple’s Revenue

Recent legal commentary has highlighted an economic connection between XRP and Ripple’s revenue streams. This analysis delves into how the digital asset’s performance and utility are intertwined with the financial operations of Ripple Labs. Intertwined Financial Performance The commentary suggests that Ripple’s financial success is, to some extent, linked to the activity and value of … Continue reading "Legal Commentary Identifies Economic Link Between XRP and Ripple’s Revenue" The post Legal Commentary Identifies Economic Link Between XRP and Ripple’s Revenue appeared first on Cryptoknowmics-Crypto News and Media Platform .