Author: James Wilson
33-year-old socialist Zohran Mamdani became a surprise favorite among the NYC mayoral candidates from the Democratic Party and is considered a likely winner in the election. Mamdani’s socialist platform is criticized for being naive and unrealistic. However, his popularity is a signal to capitalists that the masses of New Yorkers are unheard of. Why does crypto X blast Mamdani? Is he an enemy of cryptocurrencies? Zohran Mamdani’s background and platform Zohran Mamdani’s parents are Ugandan academic and political commentator Mahmood Mamdani and award-winning Indian American filmmaker Mira Nair. Mamdani’s family moved to the USA from Uganda when Zohran was seven. …
Money markets platform Spiko is tapping into Chainlink’s cross-chain interoperability protocol to enable multichain access to over $380 million in regulated on-chain funds. The European fintech announced on July 1, 2025, noting that it was integrating Chainlink (LINK), with the strategic aim of bolstering interoperability. Chainlink’s cross chain standard, CCIP, will enable more than $380 million of its institutional-grade onchain money market funds to be accessible to users much more easily and compliantly. “Until now, Spiko MMFs were deployed natively across multiple networks — but investors couldn’t move their shares from one chain to another. The only workaround was to…
Nearly 200 companies now hold billions in Bitcoin, but a new report cautions that only a few can avoid the dangers of a potential death spiral. Bitcoin’s (BTC) corporate adoption is accelerating fast, with nearly 200 entities now holding over 3 million BTC on their balance sheets. But as new players seem to rush in, only those who can skillfully grow their Bitcoin holdings per share are more likely to survive the risks ahead. As of May 2025, about 199 entities reportedly hold 3.01 million BTC, roughly $315 billion at current prices. Among these, 147 companies — both private and…
Trump’s “big, beautiful bill” passed the Senate, but without any provisions related to the crypto industry. Trump’s budget bill passed the Senate, but the crypto industry has little to celebrate. On Tuesday, June 1, the U.S. Senate passed the sweeping budget bill, with a razor-thin margin. Yet, despite Donald Trump’s past vocal support for the crypto industry, the bill had no crypto-related provisions. Specifically, there was no mention of “digital assets,” “Bitcoin,” “Ethereum,” “crypto,” “web3,” or “blockchain” anywhere in the over 1000-page bill. This is despite specific efforts by pro-crypto Senators to include tax breaks for the industry in the…
Major U.S. stock indices were mixed, while Tesla losses dragged down the S&P 500 and the Nasdaq’s performance. U.S. stocks were mixed after President Trump’s budget bill passed the U.S. Senate. On Tuesday, June 1, Dow Jones was up 340 points or 0.77%. At the same time, the S&P 500 retreated from its record highs, losing 0.11%, while the tech-heavy Nasdaq Composite fell 0.61% Traders were mostly focused on the progress with trade talks and Donald Trump’s massive budget bill, which passed the Senate. Senate members voted 51-50 on the bill, with Vice President JD Vance breaking the tie, setting…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. As SHIB eyes a modest rebound, new contender LILPEPE is turning heads with its utility-first meme chain and 1000x potential. Shiba Inu, after a deep mosedive from its cycle peak of $0.000035, is finally showing signs of life. However, a new memecoin is quickly gaining ground: Little Pepe (LILPEPE). This under $0.002 poises as a smarter, earlier, and higher-upside play. While SHIB aims to reclaim $0.000025, LILPEPE is on a mission to do far more: become the meme chain…
Korean companies are joining the stablecoin race, with Upbit and Naver Pay becoming the latest entrants in the market. South Korean firms are increasingly taking advantage of the new regulatory clarity around stablecoins. On Tuesday, June 1, Upbit, the nation’s largest crypto exchange, and Naver Pay, a fintech payment platform, joined forces to develop a Korean won stablecoin. “It seems that Naver Pay will take the lead and Dunamu will cooperate,” stated an official from Dunamu, the operator of Upbit. “We will specify the scope and methods of cooperation as soon as the relevant system is established.” Earlier, on June…
Bitcoin price hovers near $107,000 as the benchmark digital asset signals further consolidation following a largely positive run from lows of $84k seen in April. Bitfinex analysts, sharing their outlook for Bitcoin (BTC) in the next quarter, say the struggle for a breakout to $110,000 or higher in recent weeks signals a potential consolidation phase in Q3, 2025. Analysts at the crypto exchange noted this in the Bitfinex Alpha report published on Monday, June 30. Notably, BTC is experiencing a slowdown in on-chain and derivatives activity. This comes after bulls recovered from recent lows, helped by a period of volatility…
Bitget Wallet partners with Mastercard and its licensed-issuer Immersve to launch new crypto cards that allow for fee-less payments directly from the digital wallet. According to a press release sent to crypto.news, the crypto card is available directly through the Bitget Wallet app and supports real-time payments through on-chain swaps and deposit features. It allows users to make payments directly through digital wallets at more than 150 merchants worldwide that accept Mastercard payments. The new crypto cards will first be released in select regions, starting with the United Kingdom and the European Union. The firms plan to expand its utility…
On-chain investigator ZachXBT has raised concerns over USDC stablecoin issuer Circle’s compliance standards and its growing use among malicious actors. According to ZachXBT, North Korean IT workers have been using USDC (USDC) to move millions in illicit payments. The on-chain analyst’s comments came in response to Circle’s recent filing for a national trust bank charter, which would authorize the firm to manage the reserves backing USD Coin. ZachXBT criticized Circle’s handling of the situation, alleging that despite the scale and visibility of the fund flows, the company has taken no steps to curb the activity or freeze any of the…