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Bitcoin News Update: Adams' Blockchain Initiative Ignites Discussion on Balancing Innovation and Oversight in New York City
- NYC Mayor Eric Adams created the Office of Digital Assets and Blockchain via Executive Order 57 to position the city as the global crypto capital. - Led by blockchain expert Moises Rendon, the office aims to bridge government-crypto gaps, promote financial inclusion, and modernize services with blockchain. - Adams seeks to abolish New York's BitLicense framework and proposed a Bitcoin-backed "BitBond," facing criticism over potential risks to consumer protections. - The initiative faces political uncerta

XPL Jumps 1316.35% Within a Day as Market Experiences High Volatility
- XPL surged 1316.35% in 24 hours on Oct 15, 2025, reaching $0.5061 amid speculative retail trading. - Despite a 7-day gain of 1289.98%, the token fell 4756.52% over 30 days and 5827.14% annually. - Analysts warn rapid moves are short-lived, with liquidity risks if market sentiment shifts. - Technical indicators show short-term momentum vs. bearish long-term trends, prompting hedging strategies. - Backtests reveal limited predictive value for short-term gains, highlighting market unpredictability.
HEMI plummeted by 592.33% within 24 hours during a significant market downturn
- HEMI plummeted 592.33% in 24 hours to $2.75, with 3094.63% annual decline showing extreme volatility and lost market confidence. - Technical indicators show RSI in oversold territory but MACD remains bearish, suggesting potential short-term rebound but sustained downward momentum. - Analysts highlight lack of bottoming patterns despite sharp sell-off, emphasizing prolonged bearish outlook amid ongoing price weakness.
Ethereum News Today: Is Ethereum’s Shrinking Supply a Real Driver for Growth or Just Exaggerated Buzz?
- Ethereum faces liquidity crisis as 40%+ of ETH is locked in staking, ETFs, and dormant wallets, creating supply constraints. - Record 6.84M ETH ($28B) absorbed by US ETFs, with corporate holdings exceeding 12% of total supply amid 4.3% staking yields. - Shrinking circulating supply and deflationary mechanics (EIP-1559 burns) fuel bullish forecasts for ETH price surges above $4,952. - Critics dismiss supply narrative as overhyped, noting ETH remains below 2021 highs despite months of tightening liquidity.
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