Zohran Mamdani defeated Andrew Cuomo in the Democratic primary for New York City’s mayoral election, but he’ll be competing in a field where digital assets could be an issue. Zohran Mamdani, the Democratic Party candidate for New York City mayor, will be facing a field of candidates in November, including those who have previously taken firm positions on crypto and blockchain. On Tuesday, Mamdani defeated former New York Governor Andrew Cuomo with 43.5% of the vote in New York City’s Democratic primary. The victory will put the New York State Assembly member in competition with Republican candidate Curtis Sliwa, current NYC Mayor Eric Adams, and Cuomo, who reportedly will be running as an independent candidate following the primary loss. With the exception of Mamdani, all major candidates have previously held positions favoring the cryptocurrency industry. Read more
Solana increased its DEX market share and moved ahead of Ethereum, but will SOL price follow anytime soon? Key takeaways: Solana's DEX volume surpassed Ethereum’s, but overall activity remains far below the levels seen in January. Hyperliquid's dominance in perpetual futures trading weakens investors’ confidence in Solana’s long-term lead. Read more
Aptos’ tokenized economy is being fueled by issuers such as Berkeley Square, Franklin Templeton and BlackRock. Real-world asset (RWA) tokenization on the Aptos blockchain has gained significant momentum in recent months, with the total value of onchain assets surpassing $540 million, driven by multiple deployments from traditional asset managers. The value of RWA deployments on the Aptos network has grown by 57.1% over the past 30 days, reaching $542.3 million, according to RWA.xyz data. This surge places Aptos among the top three blockchains for RWA deployment, behind Ethereum and ZKsync Era. The largest RWA issuers on Aptos are Berkeley Square of the PACT Consortium, BlackRock’s BUIDL, which expanded to Aptos last November, and Franklin Templeton’s BENJI token. Read more
Several Democratic lawmakers have said that they will not vote to pass crypto regulations if potential conflicts of interest are not addressed. US President Donald Trump didn’t answer a reporter’s question on whether he would divest from his family’s crypto ventures in order to ensure passage of key cryptocurrency legislation, saying only that if the US didn’t have crypto, China or other countries would. "Many Democrats have said that they are not going to support crypto bills in Congress only because of you and your family's personal crypto ventures," a reporter said to Trump during press briefing at the White House on Friday. Asked whether he would consider divesting from his crypto ventures to ease political pressure on digital asset bills on Congress, Trump responded: Read more
A weakening US economy and Fed rate cuts set the stage for Bitcoin’s next move, but, onchain data shows a fragile bull market missing retail demand. Could it return by fall? Key takeaways: Bitcoin spent the week fighting to hold above $107,000, but exchange inflows remain at historic lows as retail investors choose to sit on the sidelines. Stagflation becomes a real risk as US growth slows, but Fed rate cuts could fix the situation and supercharge Bitcoin price. Read more
Corporations race to build Bitcoin treasuries as stablecoins gain momentum and landmark regulations take shape worldwide. The race to accumulate Bitcoin (BTC) is accelerating as corporations increasingly view the digital asset as a valuable addition to their balance sheets. Beyond publicly traded firms, private companies are joining the movement, including a Norwegian deep-sea mining company planning to acquire $1.2 billion worth of BTC. This week also marked the official unveiling of a new venture by crypto entrepreneur Anthony Pompliano, aimed at building a billion-dollar Bitcoin treasury. As Bitcoin accumulation intensifies, stablecoins are emerging as a key driver of crypto adoption. The United States is edging closer to passing landmark stablecoin legislation, South Korea is pushing banks to issue won-backed stablecoins and the rise of yield-bearing stablecoins — described by one venture executive as an “inevitability” — appears to be on the horizon. Read more