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New York City's 'Bitcoin Mayor' Eric Adams Drops Out of Race for Reelection

Eric Adams, known as New York City’s ‘Bitcoin Mayor,’ has withdrawn from his re-election campaign, a decision that comes after a term marked by both his advocacy for cryptocurrency and legal controversies. Adams linked his political identity to crypto, including receiving his first three paychecks in Bitcoin and Ethereum, and sought to establish New York as a global crypto capital. Despite his efforts, he faced regulatory obstacles and was recently charged with federal crimes related to alleged illegal foreign donations for his campaign. Observers suggest his withdrawal symbolizes the challenges of aligning political identity with digital assets amid broader industry shifts towards states with more pro-innovation policies, like Texas and Wyoming. While his departure is seen as a setback for crypto advocacy in New York, the overall trend indicates that cryptocurrency is becoming more mainstream in U.S. policy, reflecting a broader acceptance beyond a single mayoral race.

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Solana ETP flows top $500M, CME futures open interest soars: Are new SOL highs next?

Solana futures are experiencing significant momentum, largely driven by institutional activity, as CME open interest reached a record $2.16 billion. SOL's price jumped 23% to $235 from a recent low of $195, coinciding with increased institutional volumes ahead of the SEC's upcoming decision on SOL

Bored Ape NFTs Are Not Securities, Court Rules in Landmark Decision

A federal judge in California has dismissed a class-action lawsuit against Yuga Labs, the company behind the Bored Ape Yacht Club (BAYC) NFT collection, ruling that these NFTs do not constitute securities. Judge Fernando M. Olguin indicated that Bored Ape NFTs did not meet key criteria for securities, notably due

Bitcoin rallies with DeFi as Zcash tops weekly performance

The digital asset market showed significant recovery in the past week after a slump at the end of September, with growing investor interest fueled by a shift towards safe-haven assets. Bitcoin surpassed the $120,000 mark for the first time since mid-August, and predictions of it reaching $150,000 by

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