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NYC Mayor doubles down on crypto push ahead of city summit

New York City Mayor Eric Adams announced partnerships between the city and financial firms as part of his crypto plans.
In a May 12 press conference at Gracie Mansion, the the city’s official mayoral residence, Adams said June Ou, founder of financial services company Figure, and Richie Hecker,
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Bitcoin all-time high cues come as US-China deal sends DXY to 1-month high

Key points:
Bitcoin seeks consolidation after rapid gains as stocks and the US dollar surge on US-China trade deal news.
Nearby order book liquidity forms potential targets for traders, which now include $102,000.
A classic moving average retest suggests that a new all-time high should
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Local exchange shapes the experience at Token 2049: Event recap

Blockchain
UAE
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Web3
Token2049
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US real estate manager launches $100M tokenized fund with institutional backing

Patel Real Estate Holdings (PREH) has launched a $100 million tokenization fund on the Chintai blockchain, aiming to give accredited investors access to institutional-grade real estate opportunities.
The new PREH Multifamily Fund is a tokenized investment vehicle focused on vintage Class A
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Will Bitcoin hodlers be the reason more countries adopt wealth taxes?

Opinion by: Robin Singh, CEO of Koinly
Is there a catch for Bitcoin hodlers, with the asset’s price up over 600,000% since the beginning of 2013?
Perhaps — if governments keep waking up to Bitcoin’s value, the whole “you only pay tax when you sell” mantra could soon be a thing of the
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Strategy added 13,390 Bitcoin for $1.34B as price topped $100K

Michael Saylor’s Strategy purchased a fresh batch of Bitcoin as the cryptocurrency pushed above $100,000 last week.
Strategy acquired 13,390 Bitcoin (BTC) for $1.34 billion between May 5 and May 11, the firm announced in its filing with the US Securities and Exchange Commission published on May 12.
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DeGods NFT founder steps down as collection gains traction

The creator of the non-fungible token (NFT) collection DeGods announced that he has stepped down as the CEO of the project amid an uptick in sales for the collection
Rohun Vora, known online as “Frank DeGods” on X, said he has stepped down as the project’s CEO, concluding a three-year stint as the
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US crypto ETFs smash new record amid 4-week inflow streak

Cryptocurrency investment products continued receiving healthy inflows last week, attracting $882 million as global crypto funds approach all-time high asset levels.
Global crypto exchange-traded products (ETPs) recorded $6.3 billion of inflows in the past four weeks, accounting for 93% of total in
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Ethereum flips Coca-Cola and Alibaba as ETH gains 42% in 5 days

Ether’s market capitalization surged 42% in five days following the successful launch of Ethereum’s Pectra upgrade on its mainnet
On May 12, the company data tracker 8marketcap showed that Ether (ETH) surpassing Coca-Cola and Alibaba, ranking as the world’s 39th-largest asset by market capitalizat
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Crypto custodian BitGo secures MiCA license in Germany

Goldman Sachs-backed cryptocurrency custody firm BitGo has become the latest cryptocurrency company to secure regulatory approval to operate across the European Union.
Germany’s financial regulator, the Federal Financial Supervisory Authority (BaFin), granted BitGo Europe a Markets in
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Bitcoin set for $150K BTC price rally as US, China agree to slash tariffs

Key takeaways:
Bitcoin broke above $105,700 after the US and China agreed to slash tariffs.
A confirmed bull flag breakout on the weekly chart projects a $150,000.
Bitwise's sentiment index warns of potential short-term overheating.
Bitcoin (BTC) bulls cheered a major development in the
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Feds deny late disclosure of evidence in Samourai Wallet case

US federal prosecutors have rebutted claims they suppressed evidence in their case against the co-founders of the crypto mixing service Samourai Wallet, arguing their disclosure of a conversation with Treasury Department staff was made within the required timeframes
In a May 9 letter to a
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Uniswap becomes first DEX to hit $3T in all-time volume

Decentralized exchange Uniswap has hit a whopping $3 trillion in aggregate all-time volume, the first decentralized exchange to hit the number
Uniswap founder Hayden Adams noted the achievement in an X post on May 12, which included a screenshot of a Dune Analytics dashboard counting down to the m
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Teens kidnap Las Vegas man at gunpoint, stealing $4M in crypto

Three teenagers have been accused of kidnapping a man at gunpoint after he was returning from a crypto event in Las Vegas, before driving him an hour outside of the city and robbing him of $4 million in crypto and non-fungible tokens.
According to police, the incident occurred last November. The vi
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