What Mamdani’s mayoral win means for crypto in New York
Zohran Mamdani has won the New York City mayor’s race, and the city’s crypto industry is waiting to see how his administration will affect business.
Zohran Mamdani has won the New York City mayor’s race, and the city’s crypto industry is waiting to see how his administration will affect business.
Canada’s government unveiled a plan to regulate stablecoins, requiring fiat-backed issuers to maintain sufficient reserves and adopt robust risk management measures.
Sequans shares fell 16% on Tuesday after the chip maker said it sold 970 Bitcoin to redeem half of its $189 million outstanding convertible debt.
In early October, Tom Lee and Arthur Hayes were confident that Bitcoin could still reach $250,000 by year-end, but analysts say half that figure is now unlikely.
The companies saw profits and Bitcoin reserves rise in the third quarter of 2025 as they moved further into high-performance computing and energy development.
Bitcoin price fell to 4-month lows below $100,000 as sellers completely overwhelmed buyers, and analysts speculated that “dead bodies” from the Oct. 10 sell-off are finally beginning to surface.
CleanSpark expanded its power capacity and secured a Texas site for its new AI campus, reflecting a broader shift among Bitcoin miners toward high-performance computing.
In an interview with Cointelegraph, economist Peter Schiff warns that Bitcoin’s gains are built on political and Wall Street support that may not last.
Richard Teng said Binance "didn’t partake" in the decision for an Abu Dhabi-based company to use World Liberty Financial's USD1 for a $2 billion investment into the exchange.
Mastercard’s rumored $2-billion crypto deals could bring 24/7 settlement to traditional finance, but liquidity, risk and compliance may slow it down.