New York City Mayor Eric Adams announced the city’s first crypto summit to be held at Gracie Mansion next week. In a press conference on Monday, he reiterated his goal of “making NYC the crypto capital of the globe.” Mayor Adams highlighted that technology is one of the fastest-growing industries in the city. He also invited tech companies and crypto firms to expand their presence in the city. “We’re in the midst of nothing short of a technological revolution, the age of tokenization, which includes crypto, blockchain, and other fintech innovations,” he addressed the gathering . “More on that to come following the summit, but for now, I want to reiterate, if you’re into crypto, blockchain, Web3, or the fintech space, New York City is open for business. Join us.” Further, he specifically mentioned how crypto and blockchain would have a positive impact on the city’s underbanked population. “I really want to emphasize on underbanked communities, because this new form of financing and finance is something that can impact those communities that have historically found themselves lacking in access to banks.” Mayor Adams Appoints Two New Crypto Advisors Eric Adams, who is running for re-election, has announced that June Ou, who is the co-founder of Figure Firm, and Richie Hecker, the CEO of Traction and Scale, will be joining the city’s crypto space. “They’re joining our world-class roster of crypto talent and resources in New York City,” he noted. The Mayor and the key crypto talents would work with tech firms to create a friendly environment for business. “The summit will bring together crypto innovators and influencers to share insights and experiences that they will use to chart our path forward.” The summit arrives two months after President Trump had a similar event at the White House . The landmark event brought together top industry leaders, regulators, and government officials. “We are focused on the long-term values of these technologies for our city and people, not chasing memes or trends.” ‘We Can’t Over-Regulate, That Will Prevent Growth:’ Adams Adams emphasized the need for balanced regulation when speaking about the NYDFS’ regulation of the crypto industry. He said that safe regulations are inevitable for those who are investing; however, over-regulation would hinder growth. “So there’s a level of safety that comes with the right regulations, but over-regulations can hurt this industry and we don’t want that to happen,” he noted. Mayor Adams has been bullish on crypto since he was elected in 2022, accepting his first three paychecks in Bitcoin . At that time, “many people laughed at me, and all I can say is, who’s laughing now?” he said. Additionally, Adams has been facing corruption charges for his involvement in alleged illegal donations from the Turkish government. However, the case was dismissed in April with prejudice, at the request of the DOJ under the Trump administration. The Mayor met President Trump on May 9 to reportedly thank him for his “words of support” during his 2024 campaigns. The post NYC Mayor Announces City’s First Crypto Summit appeared first on Cryptonews .
The post Nasdaq-Listed GDC Buys $300M Worth Bitcoin and TRUMP Token appeared first on Coinpedia Fintech News Nasdaq-listed GD Culture Group (GDC) has committed up to $300 million toward Bitcoin (BTC) and the Trump-themed OFFICIAL TRUMP (TRUMP) token . This funding comes through a stock purchase agreement with a British Virgin Islands-based investor, aimed at building a long-term crypto reserve. The company plans to hold these digital assets as part of its treasury operations, signaling strong confidence in the future of cryptocurrencies . Why This Matters GDC’s move to add Bitcoin and TRUMP tokens to its balance sheet highlights its push toward decentralized finance (DeFi) and blockchain adoption , aligning with a broader trend of public companies integrating crypto into their financial strategies. This shift also supports GDC’s digital business focus, particularly through its subsidiary AI Catalysis, which operates in the livestreaming e-commerce space. Facing Financial Pressure Despite this crypto push, GDC is currently facing financial challenges. The company reported a $14.1 million net loss for 2024, a slight improvement from the previous year’s $14.3 million loss. In addition, Nasdaq issued a warning stating that GDC failed to meet the required $2.5 million stockholders’ equity. The company now has 45 days to submit a plan to regain compliance or face the risk of delisting. CEO Sees It as a Strategic Leap Chairman and CEO Xiaojian Wang said the company’s crypto pivot is intentional and aligned with market shifts. He believes this strategy will boost GDC’s balance sheet and unlock new growth opportunities. “We’re confident this will drive long-term value for our shareholders,” Wang said, emphasizing the company’s belief in blockchain as the future of finance. .article-inside-link { margin-left: 0 !important; border: 1px solid #0052CC4D; border-left: 0; border-right: 0; padding: 10px 0; text-align: left; } .entry ul.article-inside-link li { font-size: 14px; line-height: 21px; font-weight: 600; list-style-type: none; margin-bottom: 0; display: inline-block; } .entry ul.article-inside-link li:last-child { display: none; } Also Read : NYC Mayor Eric Adams Wants New York City To Be The Crypto Capital , Critics Push Back Not everyone’s convinced. Crypto analyst Eva Lenoir criticized the move, saying Bitcoin isn’t meant to be a “toy for the elites.” She compared the investment to “a warship sailing with paper sails,” questioning the logic of mixing political tokens like TRUMP with serious treasury assets. Meanwhile, GDC’s $300 million crypto push is one of the boldest moves by a public company in recent months. 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GDC focuses on AI digital humans and livestream e-commerce through subsidiaries in the U.S. and China. How does GDC’s crypto strategy compare to other companies? Like MicroStrategy and Metaplanet, GDC is adding crypto to its treasury amid rising corporate interest in digital assets.
The post Crypto News Today 13th May : Bitcoin and Ethereum Price Today, XRP News, CPI Report appeared first on Coinpedia Fintech News May 13, 2025 05:44:14 UTC Will Bitcoin Price Crash Again? As Bitcoin Treasury Companies emerge globally, acting as perpetual HODL liquidity vacuums in regulated markets, the possibility of another Bitcoin crash feels increasingly unlikely. With Bitcoiners at the helm, this might be the beginning of the ultimate bull market. The Omega Bull could be here to stay. May 13, 2025 05:44:14 UTC Bitcoin Tracks Global M2 Money Supply with a 70-Day Lag – $104k and Rising! Bitcoin continues to mirror the global M2 money supply with a surprising 70-day lag. First charted last July, this relationship has held unexpectedly strong, even though M2 isn’t the most accurate money supply indicator. Bitcoin is now soaring past $104k. May 13, 2025 05:44:14 UTC YZi Labs Launches $500K Program for Web3, AI & Healthcare Startups YZi Labs (formerly Binance Labs) is accepting applications for EASY Residence, a 10-week in-person program for top Web3, AI, and healthcare founders. Selected startups receive $500K—$150K for 5% equity and $350K via an uncapped SAFE. YZi covers housing, food, and daily support so founders can focus on building. Apply by May 21, 2025, 23:59 GMT-7.
In a significant turn of events, the recent “tit-for-tat tariff” agreement signed in Geneva between China and the United States has temporarily halted retaliatory tariffs for a 90-day period, leading
Bitcoin surpassed $100,000, spurred by institutional buying and a stable global economy. Institutional demand, especially ETFs, remains strong, stabilizing Bitcoin's price. Continue Reading: Bitcoin Surges Past $100,000: Institutional Buyers Fuel the Rally The post Bitcoin Surges Past $100,000: Institutional Buyers Fuel the Rally appeared first on COINTURK NEWS .
Seasoned crypto traders like to say the biggest gains come from spotting a token before it becomes a headline. Investors who bought Pepe, Dogwifhat, Bonk, or Floki during their earliest days watched prices jump more than 1,000 percent. With sentiment rising again, attention is shifting to presale projects that still trade for fractions of a cent. At the front of that line sits Pepeto, now available for just $0.000000128. The token arrives with no transaction fees, cross‑chain movement, and plans for rapid listings. Backers argue that a low first price, plus real utility, creates the best ground‑floor opening of 2025. Pepeto Presale Sparks Interest by Positioning Itself as a Meme Token Infrastructure Project Most meme coins fade once the first buzz wears off, but Pepeto is building tools that keep traders around. Central to the plan is a zero‑fee exchange that will list both new arrivals and well‑known names such as Shiba, Bonk, Dogwifhat, Floki, and Pepe. The project also promises multi‑chain support, letting users move assets without outside bridges. By pairing the light‑hearted pull of a meme with practical features, the coin aims to do more than rely on humor alone. Pepeto copies Pepe’s full supply with 420 trillion tokens, but tries to improve the trading experience that often frustrates small buyers. Backers describe the strategy as mixing timing, usefulness, and broad access, cornerstones that helped earlier winners break out in earlier cycles Rumors and Value Align as Pepeto Presale Heads for Tier 1 Listing Talk in Telegram rooms and on X is adding fuel. Posts claim a former Pepe founder, removed before that coin’s release, is now shaping Pepeto to restore ideas dropped in a rush to launch. Screenshots said to be early Pepe drafts circulate as supporting evidence, although none of these claims have been verified. Whether true or not, the story has boosted presale momentum. Traders watch for signs that the token could enter a major exchange soon; project spokespeople have hinted at a Tier 1 listing that would expand reach and firm up price discovery. Some holders of higher‑valued tokens, including Solaxy, Bonk, and even Pepe, have begun shifting funds, saying upside on those coins looks limited after steep climbs. The presale is nearing its end ahead of exchange listings. Investors can still grab $PEPETO at $0.000000128 via pepeto.io . Payment options include USDT, ETH, BNB, and card payments through MetaMask or Trust Wallet. Don’t miss your chance before listings open! Official Links: Website: pepeto.io Twitter: x.com/Pepetocoin Telegram: @pepeto_channel Instagram: pepetocoin YouTube: @Pepetocoin
Australia’s crypto industry has expressed positivity after the recently reelected government named pro-crypto politician Andrew Charlton as assistant minister for the digital economy, artificial intelligence and other emerging technologies. Prime Minister Anthony Albanese told reporters in Canberra during a May 12 press conference that Charlton would be the new assistant minister for science, technology and the digital economy , working with Tim Ayres, the minister for industry and innovation. Ayres and Charlton will administer policies and programs promoting advancements in emerging technologies, science, technology, innovation and the digital economy, according to Albanese. Charlton has shown strong support for the industry in the past. During a speech to parliament last November, he pushed for a balanced regulatory framework that encouraged industry growth. Cryptocurrency is shaping the future of finance. Governments must support a balanced framework that encourages growth while ensuring security and trust. Let’s embrace the opportunities of a digital economy! #Cryptocurrency #Innovation @DECAustralia pic.twitter.com/av8L2DA72g — Andrew Charlton (@Charlton_AB) November 27, 2024 Speaking to Cointelegraph, Jason Titman, CEO of Australian crypto exchange Swyftx, said Charlton’s appointment is “unequivocally good news for crypto in Australia,” and he expects the “blockchain industry is cheering.” “Andrew has a deep understanding of blockchain, coupled with a genuine belief in its potential to support the Australian economy,” Titman said. Along with the new assistant treasurer, Daniel Mulino, Titman says he hopes Charlton “ fast tracks legislation around digital assets,” because the industry has been waiting for “six or seven years for legislative clarity.” Australian crypto industry continues to grow Vakul Talwar, head of the Australian arm of crypto exchange Crypto.com, said in a statement sent to Cointelegraph that Charlton’s appointment is a sign of the growing importance of the digital economy. Since the previous election in 2022, Talwar says the “industry has grown significantly,” and it’s important in the current term of Parliament to “ensure that as the digital economy continues to merge its way into traditional finance, appropriate regulations are in place.” Around 31% of Australian adults own or have owned crypto, which is roughly 6.2 million people, April 4 data from crypto exchange Independent Reserve shows , up from 28% last year. Roughly 6.2 million out of Australia's more than 26 million population have owned or still own crypto. Source: Independent Reserve Edward Carroll, head of global markets and corporate finance at Australian crypto platform MHC Digital Group, said that Charlton has long recognized the importance of fostering a constructive and innovative financial ecosystem. “His specific support for digital assets and recognition of blockchain technology’s transformative potential, alongside the need to regulate it quickly and appropriately, should help Australia keep pace with the rapidly evolving global regulatory landscape,” Carroll said. At the same time, Damian Kassabgi, CEO of industry advocacy group Tech Council of Australia, said in a May 12 statement that the addition of “digital economy” to the ministry position is a “strong signal of the Government’s commitment to this critical area of future growth for jobs.” Related: Industry calls for urgent crypto law reforms after Australian election The reelected center-left Labor Party proposed a new crypto framework on March 21 , regulating exchanges under existing financial services laws and has promised to tackle debanking. Meanwhile, in August 2022, it also initiated a series of industry consultations to draft a crypto regulatory framework . Magazine: Wealthy, isolated, and incredible beaches: Perth Crypto City Guide
The lawyer for a group of Caitlyn Jenner memecoin buyers said they will continue their legal fight against the ex-Olympian after a judge threw out the case for failing to adequately support the securities and fraud claims it brought. Jenner had escaped a class-action lawsuit from buyers of her self-titled memecoin, Caitlyn Jenner (JENNER) after California District Court Judge Stanley Blumenfeld Jr. said in a motion filed on May 9 that it was “sufficient to conclude that all nine causes of action are deficient” and sided with Jenner in dismissing the suit in its entirety for failure to state a claim. He allowed the class group to amend its suit, which must be filed by May 23, but warned it had “to be more focused and judiciously pleaded” than the original. A lawyer for the class group, Fitzgerald Monroe Flynn PC partner Jack Fitzgerald, told Cointelegraph it was “pleased the Court recognized we may be able to state some claims against the defendants, and intend to amend and press forward with the case.” Jenner and her manager, Sophia Hutchins, were sued in November by a group that bought the JENNER token and accused them of having “fraudulently solicited financially unsophisticated investors” to the token, which they alleged was an unregistered security. Lee Greenfield, a UK citizen, was added as the lead plaintiff in January and claimed he lost over $40,000 buying JENNER. But the court found, for a start, that claims of securities law violations couldn’t stand as it wasn’t alleged that his JENNER buys took place in the US, as the law requires, and gave “scant details” about the purchases. The court didn’t allow the class to swap its lead for a US-based member, adding it must report by May 16 on how the suit will proceed (highlights added for emphasis). Source: PACER Court dismisses all claims by JENNER tokenholders In all, Judge Blumenfeld dismissed a further eight claims the class group brought in an amended complaint filed in February, which included accusations that Jenner and Hutchins either made misleading statements, sold unregistered securities, or committed various fraud. Judge Blumenfeld said the suit failed to allege that Jenner sold the token through a prospectus that contained an untrue statement, as “Greenfield admits that the $JENNER tokens were not sold through a prospectus.” The court also tossed a common-law fraud accusation, saying the complaint alleged omitted information and noted various X posts by Jenner “stating that she would continue to support the tokens,” but it did not identify which of the statements related to the fraud claim. The group also accused Hutchins of aiding and abetting Jenner’s allegedly fraudulent conduct, but Judge Blumenfeld said that claim failed as the complaint “does not adequately allege any viable fraud claim.” In a footnote, Judge Blumenfeld said Jenner and the class group disputed whether the JENNER token was a security, but he was not going to decide at this stage as the “securities claims fail on other grounds.” Related: Top TRUMP whales hold $174M in tokens ahead of dinner with US president “Because the determination of whether the tokens are securities is fact-dependent and may be affected by an amended pleading, the Court declines to resolve that issue at this stage and instead assumes without deciding that the tokens are securities subject to the federal securities laws,” he wrote. JENNER first launched in May 2024 via Pump.fun on the Solana blockchain but was soon embroiled in controversy after Jenner and other memecoin launching celebrities claimed collaborator Sahil Arora scammed them. Jenner relaunched the token on Ethereum, which the class group claimed tanked the value of the original Solana token, but gave Jenner the benefit of collecting a 3% fee on every transaction. JENNER has lost essentially all its value since launch. CoinGecko shows its market value has crashed to around $58,775 from a June 3 peak of nearly $7.5 million. The token has seen just $61.10 worth of trading volume over the last day. Magazine: Memecoins are ded — But Solana ‘100x better’ despite revenue plunge
BlackRock has continued to increase its holdings in Bitcoin, purchasing 686 bitcoins worth approximately $69.4 million to $70 million, marking 20 consecutive days of inflows. The asset manager currently holds 621,600 bitcoins through its IBIT spot Bitcoin ETF. Goldman Sachs has significantly boosted its stake in BlackRock's IBIT ETF by 28%, increasing its holdings to 30.8 million shares valued at $1.4 billion. This gives Goldman Sachs control over 51.71% of all U.S. spot Bitcoin ETF holdings. At this pace, these institutions could collectively control 5% of the entire Bitcoin network by 2026. BlackRock now holds $67 billion worth of crypto assets in its portfolio and has stated that Bitcoin will soon be too risky not to own. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz . To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
Hong Kong-based cryptocurrency investment company Animoca Brands is planning to go public in the United States, targeting a listing on a New York stock exchange. Co-founder Yat Siu highlighted that the Trump administration's relaxed regulatory stance on crypto assets creates a "unique opportunity" for the company to enter the world's largest capital market. This move reflects Animoca Brands' strategic response to the favorable regulatory environment in the U.S. for cryptocurrency-related businesses. This is an AI-generated article powered by DeepNewz, curated by The Defiant. For more information, including article sources, visit DeepNewz . To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io