New York City Mayor Eric Adams says he will create a digital advisory council to attract jobs and investment to the Big Apple and position it as the “crypto capital of the globe.” “This is not about chasing memes or trends,” Adams told the inaugural New York City Crypto Summit on May 20. “We want to use the technology of tomorrow to better serve New Yorkers today.” “We have experts right here, and they are going to help us navigate solutions that serve our city,” he added. “The age of tokenization, which includes crypto and blockchain and other fintech innovations, that age is here, and we’re going to continue to move forward with it.” Adams didn’t share further details on the advisory group, but said a council chair and key policy recommendations would follow in the next few weeks. 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 On May 12, Adams announced financial services company Figure and private equity firms Traction and Scale would be assisting the city in its crypto efforts. New York City will also be exploring whether certain services and taxes can be paid via crypto, according to Adams, along with using blockchain tech to manage sensitive information such as birth certificates 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 said. “We want to bring jobs of the future to our city 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,” he added. Crypto legislation proposed in New York New York State lawmakers have already introduced several bills to regulate crypto. In April, Assemblyman Clyde Vanel introduced a bill to amend the state’s financial law to allow New York State agencies to accept crypto as payment. However, the legislation is yet to reach the state’s full House or Senate. New York state Senator James Sanders Jr proposed the Blockchain Study Act in February, which would create a crypto task force to investigate the current state of crypto in the State. It has yet to advance past the House. Related: Wintermute opens New York office, citing improved US crypto rules Adams made digital assets a large part of his policy platform after assuming office in January 2022, when he announced plans to accept his first three paychecks in Bitcoin ( BTC ). He was indicted on corruption charges over alleged illegal donations from the Turkish government, but Justice Department officials stepped in and directed local authorities to intervene. The case was dismissed with prejudice on April 2, meaning it can’t be reopened. An increasing number of US states are also working on crypto-related legislation, with at least 18 considering bills to establish a strategic Bitcoin Reserve. Two states, New Hampshire and Arizona, have successfully passed the legislation, according to Bitcoin Reserve Monitor. Magazine: Crypto City: Guide to New York
Robert Kiyosaki warns the U.S. credit downgrade could ignite economic collapse, making bitcoin, gold, and silver essential shields against a failing financial system. Robert Kiyosaki Recommends ‘Saving Real Gold and Silver and Today Bitcoin’ Robert Kiyosaki, author of the best-selling book Rich Dad Poor Dad, has weighed in on the recent downgrade of U.S. debt
On May 21st, an analysis by Lookonchain revealed significant trading activity on the decentralized exchange Hyperliquid, with three major whales employing a staggering 40x leverage to position themselves long on
The recent SEC charges against Unicoin highlight the ongoing scrutiny of cryptocurrency platforms and underscore the importance of transparency in the sector. Unicoin allegedly raised $100 million from investors by
On May 20, the U.S. Securities and Exchange Commission (SEC) announced it would delay the decision deadlines concerning the XRP Trust Funds proposed by 21Shares and Grayscale, along with the
The US Securities and Exchange Commission has charged crypto platform Unicoin and three of its executives, alleging they made false and misleading statements about its crypto assets that raised $100 million from investors. The SEC said on May 20 that it charged Unicoin CEO Alex Konanykhin, board member Silvina Moschini, and former investment chief Alex Dominguez with misleading investors about certificates that conveyed rights to receive Unicoin tokens and stock. Mark Cave, associate director in the SEC’s Division of Enforcement, claimed the trio “exploited thousands of investors with fictitious promises that its tokens, when issued, would be backed by real-world assets including an international portfolio of valuable real estate holdings.” Related: SEC crypto task force to release first report 'in the next few months' “The real estate assets were worth a mere fraction of what the company claimed, and the majority of the company’s sales of rights certificates were illusory,” Cave added. The SEC’s complaint, filed in a Manhattan federal court, charged Unicoin and the three executives with various securities laws violations and asks for permanent injunctive relief, along with paying back the allegedly ill-gotten gains. Magazine: SEC’s U-turn on crypto leaves key questions unanswered
Earlier this month, in a leafy suburb of Paris, a young woman and her toddler daughter were violently attacked and nearly abducted. The alleged motive? Her family’s cryptocurrency fortune . In a chilling new reality, digital wealth is no longer just vulnerable to hackers—it’s putting lives on the line in the physical world. Crypto owners are being kidnapped , tortured, and extorted across the globe. From France and India to Latin America and Nigeria, these incidents are rising with alarming frequency as criminals adapt their tactics to pursue a new high-value target: anyone visibly successful in the digital asset space. Crypto is providing criminals with a new type of target Crypto’s allure has always been its promise of autonomy, borderless wealth, and anonymity. However, that autonomy is becoming a liability for individuals who have struck it big. Unlike a bank account that requires bureaucratic steps to access, crypto wallets can be emptied in minutes—under duress. Michael Lyons , an anti-money laundering attorney at Clifford Chance, concurs. He holds, “Crypto transactions are more likely to escape the level of scrutiny applied to traditional banking systems.” In India, a Bengaluru businessman was lured to Lucknow under the pretext of a business deal, only to be kidnapped and held for a ransom of 10 million rupees. In Latin America, kidnapping crews with cartel ties have begun demanding ransom not in cash but in Bitcoin, often using privacy-enhanced coins like Monero to mask their tracks. One Venezuelan crypto trader, who asked not to be named, described being tailed for weeks before armed men intercepted him outside a mall. “They knew what I drove, where I lived, even which exchange I used,” he said. “They held my family until I transferred the funds.” Kidnappers have gone digital The rules of engagement have shifted. Where old-school ransom schemes might involve anonymous wire transfers or suitcases of cash, today’s criminal outfits are leveraging the technologies that gave rise to crypto: decentralization, pseudonymity, and global reach. According to a report by BankInfoSecurity , criminals are increasingly demanding ransom in Monero and other privacy coins because they are harder to trace than Bitcoin. “The privacy coins make the laundering process easier for them, so they obviously prefer it, but they will still accept BTC,” said a cybercrime analyst quoted in the article. In some instances, criminals are no longer waiting for the wealthy to become careless. They’re using facial recognition, blockchain transaction tracking tools, and even SIM swapping attacks to isolate targets. The lines between cybercrime and street-level violence have blurred. The Interpol has also reported increased coordination between cybercrime units and traditional law enforcement as crypto crimes cross national borders. These cases have created a new breed of hybrid criminals employing a mix of digital sophistication and brutal coercion to their nefarious ends. The crypto industry is taking notice Security, once an afterthought in the fast-moving world of crypto, has become a front-and-center concern. Executives and influencers are hiring private security firms, sometimes staffed with former intelligence operatives. High-net-worth individuals are relocating, installing panic buttons, and switching to encrypted communications. Amid a spate of kidnappings and the Coinbase hack, increasingly large crypto holders are hiring private security firms. Some investors have opted for a lower profile. They now conduct meetings virtually, scrub their social media of luxury photos, and use pseudonyms even within crypto communities. This stance is a far cry from the early days of crypto culture—where flexing wealth was part of the brand. Today, discretion is survival. Meanwhile, exchanges and wallet providers are reevaluating their user education practices. Physical security awareness campaigns now supplement tutorials on setting up hardware wallets and using multi-signature authentication. All these initiatives show that while a user’s seed phrase is important, so is their situational awareness. Combating crypto crime requires understanding that air-gapping your wallet is unhelpful if you broadcast your wealth through social media and other means. Law enforcement is playing catch-up While the threats are global, the responses have been fragmented. Law enforcement agencies often lack the technical know-how to investigate crimes involving digital assets. Jurisdictional challenges complicate matters: when a ransom is paid in France and funneled through wallets in Panama, who has authority? Some progress is being made. INTERPOL has launched a Financial Crime and Anti-Corruption Centre to address transnational financial threats, including crypto-related ones. However, international coordination remains a major hurdle. In the U.S., the Department of Justice has stepped up crypto training for its cybercrime units and partnered with blockchain analytics firms to trace illicit transactions. However, experts say the lag between policy formulation and technological evolution is widening. There is also debate about whether crypto platforms should shoulder more responsibility. Some argue exchanges need to implement AI-driven behavior detection systems that could flag suspicious patterns before funds are forcibly withdrawn. Yet privacy advocates caution against sweeping surveillance in the name of safety. They argue that we can’t sacrifice decentralization and privacy entirely to police bad actors. So, we must find ways of achieving that difficult balance. Crypto must address its cultural problem Beyond policy and policing lies a deeper cultural issue: the glamorization of sudden wealth. Crypto communities on YouTube, Instagram, and X (formerly Twitter) are rife with images of Lamborghini, luxury watches, and high-rise living. This culture of conspicuous consumption has painted targets on the backs of newcomers and veterans alike. Some of the most at-risk individuals are early adopters who experienced 1000x returns overnight. Many are young, inexperienced with wealth, and unaware of the attention they’re attracting. To these investors, the rising number of crypto kidnappings shouldn’t just be another crime wave. Rather, it’s a wake-up call. They must understand that their success stories must come with robust identity protection, not flaunting their assets and always assuming someone’s watching them. What’s the way forward? As the crypto industry matures, so too must the systems around it. That means that investors need to take personal security as seriously as they take portfolio diversification. Platforms and exchanges should include user education on physical safety, not just cyber hygiene. Furthermore, l aw enforcement agencies need cross-border frameworks and technical expertise to respond effectively. But beyond systems and policy, a cultural shift is needed. We must move away from the glamorization of sudden wealth and toward a culture of security-minded, privacy-conscious engagement with digital finance. Cryptocurrency has opened the door to financial freedom for millions. But freedom, in this case, comes with a price—and for too many, that price is proving far too high. It doesn’t have to be this way. Cryptopolitan Academy: Want to grow your money in 2025? Learn how to do it with DeFi in our upcoming webclass. Save Your Spot
Dogecoin has entered a critical phase as it consolidates below the $0.26 resistance level, facing rising pressure after a sharp rejection last week. Since tagging a local high on May 10th, DOGE has dropped over 18%, retracing some of the gains from its impressive rally that began in early April. Bulls had built strong momentum following the breakout above $0.13, which marked a 100% price surge within a month. However, recent price action suggests the move may be stalling. Related Reading: Ethereum Flashes Golden Cross Signal – Can Bulls Push ETH To $3,000? The market now watches closely to see if Dogecoin can defend current levels or if further downside is on the horizon. According to top analyst Ali Martinez, the latest rejection has opened the door for a possible revisit to the $0.213 level — a key zone that previously served as both resistance and support. This level may now act as a magnet for price if bullish control continues to fade. While sentiment remains cautiously optimistic, the next move will depend on whether bulls can reclaim momentum or if DOGE breaks below its local range. The coming days could define the trajectory of Dogecoin’s midterm trend, with volatility likely to pick up. Speculation Rises But DOGE Faces Crucial Test During the recent correction that sent shockwaves across the crypto market, meme coins like Dogecoin were among the most heavily affected assets. As Bitcoin and major altcoins faced steep retracements, DOGE experienced an aggressive pullback, shedding over 18% since May 10th and erasing a significant portion of its earlier gains. This correction disrupted the bullish structure that had formed after DOGE surged over 100% from early April, following a breakout above the $0.13 mark. Despite the drop, speculation continues to mount around Dogecoin’s potential to lead if the market regains momentum. Historically, DOGE has acted as a high-beta asset, often outperforming in euphoric phases of the cycle. With the broader market attempting to stabilize, some analysts view DOGE as a likely beneficiary if sentiment shifts bullish once again. Still, risks remain. Price is now hovering just above key support levels, and a failure to hold this zone could trigger a deeper retracement. Martinez shared a technical view suggesting that if current levels fail to hold, Dogecoin may want to revisit the $0.213 level — a critical area that previously acted as a launchpad during the April breakout. The coming sessions are likely to be decisive. The meme coin narrative could regain strength if bulls reclaim control and push DOGE back toward the $0.26 resistance. However, if bearish momentum builds and DOGE breaks lower, it would signal a continuation of the current downtrend. For now, all eyes remain on this pivotal support zone as Dogecoin navigates a high-stakes moment within the broader market’s uncertain conditions. Related Reading: Chainlink Struggles At Key Resistance Level – $10 Support Back In Focus Technical Details: Dogecoin Facing Crucial Demand Dogecoin (DOGE) is showing signs of weakness after failing to hold above key resistance near $0.26 earlier this month. The daily chart indicates that DOGE is currently trading at $0.221, consolidating just above the 200-day EMA ($0.219) and below the 200-day SMA ($0.269). This range has acted as a battleground between bulls and bears, with the recent candles forming tight-bodied structures, signaling indecision. Volume has declined notably since the early May breakout, suggesting a loss of momentum and trader interest. If DOGE loses the $0.219–$0.220 support zone, the next logical support level sits near $0.213, aligning with analyst concerns of a potential retest of that level. A breakdown below this area could trigger further downside pressure toward the $0.19 zone. Related Reading: XRP Flashes Bullish Signal – Technical Indicator Hints At Imminent Rebound On the upside, reclaiming the 200-day SMA at $0.269 would be a significant bullish signal, as it would place DOGE back above long-term resistance. However, the current trend favors a cautious stance, especially amid broader market uncertainty and weakened sentiment across altcoins. Overall, the chart reflects a pause in bullish momentum and rising risk of a deeper retrace unless DOGE regains strength above key moving averages. The next few days could determine whether consolidation holds or turns into a full correction. Featured image from Dall-E, chart from TradingView
Momentum Is Rotating Fast — And MAGACOIN FINANCE Is Now in the Spotlight The altcoin landscape is shifting rapidly as 2025 unfolds. While XRP, Solana, and Bitcoin continue to dominate the top tier, one new contender is rapidly capturing trader attention: MAGACOIN FINANCE.With Stage 8 now live and inflows surging, traders from across the ecosystem—including XRP and Solana holders—are pivoting toward what’s now ranked as one of the most explosive breakout candidates of Q2 2025. Bitcoin (BTC): The Market Driver Holding Above $105K Bitcoin is holding strong at $105,941, up 2.8% in the last 24 hours and approaching new all-time highs. Institutional inflows are at record levels, with $6.9 billion entering U.S. spot Bitcoin ETFs over the past three weeks. Major corporate buyers like MicroStrategy and Metaplanet have added thousands of BTC to their treasuries, signaling growing confidence in Bitcoin as a macro asset. As BTC consolidates above $105K, capital is flowing into breakout altcoins—MAGACOIN FINANCE is now at the top of that list for traders seeking the next 10,000% run. CLICK HERE – 2025’S BIGGEST LAUNCH IS LIVE MAGACOIN FINANCE: The #1 Breakout Entry of the Moment MAGACOIN FINANCE is catching fire across presale trackers and trader dashboards. With Stage 8 nearly full, over $8 million raised, and a listing target of $0.007, analysts are projecting up to 50x returns as listings approach. Its scarcity-driven model—a capped 100 billion token supply, 45% in presale, and HashEx-audited contracts—sets it apart from typical meme coins.As capital rotates from majors, MAGA’s structure, community-first strategy, and strong early-stage momentum are making it the most-watched presale of 2025. For those seeking exponential upside, this is the entry window to watch. XRP: Futures Launch and Institutional Surge XRP is trading at $2.36 as of May 20, 2025, with the CME Group’s launch of XRP futures marking a major milestone for institutional adoption. While short-term volatility is possible, analysts see $5–$10 as the next major target, and some project $20+ if ETF approval and global settlement use cases accelerate.As institutional flows grow, many XRP holders are also rotating into early-stage tokens like MAGACOIN FINANCE to capture sharper upside during this cycle. Solana: Whale Accumulation and Technical Breakout Solana (SOL) is trading at $166.71, consolidating after a sharp rally and drawing attention from large investors. Whale accumulation is on the rise, with three new wallets withdrawing over 145,000 SOL from exchanges in recent days.Analysts are targeting $200 as the next major resistance, with bullish technicals supporting further upside. As Solana’s rally matures, traders are diversifying into presale opportunities like MAGACOIN FINANCE for even greater potential returns. Ethereum: Quiet Build-Up and DeFi Expansion Ethereum (ETH) is trading at $2,489, rebounding from recent lows and showing renewed technical strength. With Layer 2 upgrades, DeFi growth, and ETF speculation, ETH is poised for a potential breakout toward $2,750–$2,900 in the coming months.As Ethereum’s rally consolidates, early-stage projects like MAGACOIN FINANCE are attracting investors seeking the next explosive move. TRON: Steady Growth Amid Market Rotation TRON (TRX) is holding at $0.124, maintaining steady growth as network activity remains robust. While not as headline-grabbing as some rivals, TRX’s consistent throughput and low fees make it a favorite in payment corridors.As speculative capital rotates, many TRX holders are also eyeing MAGACOIN FINANCE for sharper early-stage upside. JOIN NOW — $0.007 LISTING IS COMING FAST! Final Thoughts Bitcoin is steady at the top, XRP is gaining institutional exposure, and Solana and Ethereum are showing technical strength. But MAGACOIN FINANCE is building real pressure just beneath the surface. With Stage 8 nearly full, robust demand, and a clear listing roadmap, MAGACOIN FINANCE stands out as the most compelling early-stage opportunity of the year.The window for entry is closing—and those watching closely know this could be the cycle’s defining moment. Website: https://magacoinfinance.com Twitter: https://x.com/magacoinfinance Continue Reading: XRP’s Next Surge? MAGACOIN FINANCE, Solana, and Ethereum Might Drive the Next 10,000% Alt Rally
TRUMP consolidates below resistance as whales accumulate and short liquidations build pressure upward.