New York City Comptroller Brad Lander has firmly rejected Mayor Eric Adams’s Bitbond plan, calling Bitcoin-backed municipal bonds legally dubious and fiscally unsound. He says crypto volatility could erode investor trust, and federal tax rules bar such debt from funding local projects.
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Category: Bitcoin
Bitcoin Price Hits $106K as NYC Plans $552M BitBond Launch and Forecasts $250K
Bitcoin trades at $106K as NYC unveils $552M BitBonds. Analysts see $250K targets, with technicals signaling Bitcoin’s next big breakout.
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Football Team Paris Saint-Germain Scores Bitcoin Treasury Strategy
European football club Paris Saint-Germain has adopted a “new generation trend,” adding Bitcoin to its treasury.
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Ross Ulbricht Gets Hero’s Welcome at Bitcoin 2025, Says ‘Fight for Freedom isn’t Over’
At Bitcoin 2025, Ross Ulbricht made his first public appearance as a free man, reflecting on prison, thanking the Bitcoin community, and reminding them: “There’s still more freedom to be won.”
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Cantor Fitzgerald Asset Management to Launch Gold-Hedged Bitcoin Fund
Cantor Fitzgerald launched a new fund that will offer uncapped BTC exposure with “downside protection” tied to gold.
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Bitcoin Powers to $112K, But On-Chain Metrics Warn of Potential Pause: CryptoQuant
Bitcoin has broken an all-time high at $112,000, bolstering bulls, but on-chain readings from CryptoQuant have pointed to a potential cooling period. The Bull Score Index stands at 80, yet slowing whale inflows and rising unrealized profit margins have flagged consolidation risks near $120K.
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Why Is Crypto Down Today? – May 29, 2025
The crypto market sees a dip today, as BTC consolidates. “Bitcoin is outperforming most asset classes amidst an environment of challenging macroeconomic conditions,” Glassnode says.
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Pakistan to Set Up Bitcoin Reserve, Echoing US Crypto Strategy
Pakistan announced a government-led Bitcoin reserve, reversing its crypto ban and following the US lead to boost its global digital asset presence.
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Metaplanet Issues $21M in No-Interest Bonds to Increase Bitcoin Holdings
Metaplanet announced the issuance of its 17th series of ordinary bonds bearing no interest for $21 million to fund additional BTC purchases.
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Why Is Crypto Down Today? – May 28, 2025
Crypto market cap has decreased 2.2% in 24 hours, older BTC holders are on the move, and major players remain convinced of BTC long-term value.
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