Ethereum Surges 4% on Massive Volume as Institutional Interest Grows

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On May 29th, according to CoinDesk, New York City Mayor Eric Adams called for the abolition of the BitLicense cryptocurrency license system issued by the New York State Department of Financial Services (NYDFS) at the Bitcoin 2025 conference, and proposed the idea of issuing a Bitcoin municipal bond called "BitBond". Adams said, 'Let's cancel the BitLicense and allow Bitcoin to circulate freely in New York,' and promised to promote the creation of municipal bonds supported by Bitcoin. According to the plan released by the Bitcoin Policy Research Institute in March, 90% of the funds raised from such bonds will be used for government spending, and 10% will be used to purchase Bitcoin. Holders will receive 1% annualized interest and a portion of Bitcoin appreciation income.

1. US Vice President Vance prioritizes eliminating cryptocurrency red tape 2. UK FCA seeks opinions on new regulations for cryptocurrency custody, aiming to prevent company bankruptcies 3. Coinbase launches CDP wallet to simplify self custody and enhance security 4. Circle freezes addresses related to Libra team, involving 58 million USDC 5. Federal Reserve minutes: Labor market may be weak, inflation risk increases 6. BlackRock plans to purchase 10% stake in Circle IPO 7. Polish presidential candidate promises to support the development of the cryptocurrency industry 8. Vietnamese police crack cryptocurrency scam involving nearly $400 million in funds The above is a selection of hot topics from the past 24 hours. Click to see the full article: https://www.aicoin.com/article/462401

According to Bloomberg, the Polish presidential election is entering its final sprint stage, and nationalist candidate Karol Nawrocki recently posted a video on social media promising to support the development of the cryptocurrency industry and oppose regulatory policies that restrict investment freedom if elected. The candidate supported by the Law and Justice Party acknowledges that he does not hold digital currencies, but emphasizes that 'Poland should be the birthplace of innovation rather than regulation'. The latest poll shows that Nawrocki is on par with Warsaw Mayor Rafal Trzaskowski in terms of support. Analysis suggests that its encrypted stance aims to win over supporters of the far right candidate Slawomir Mentzen, who received 14.8% of the vote in the first round of voting and is known for holding Bitcoin. It is worth noting that Trzaskowski also publicly opposed regulating the Polish cryptocurrency market in February.

According to Reuters, large banks in the United States are having internal discussions about expanding their cryptocurrency business, but will initially adopt a cautious strategy. According to informed sources, while J.P. Morgan CEO Jamie Damon maintains a critical stance towards cryptocurrencies, he has stated that he will allow customers to make purchases; Bank of America is considering issuing stablecoins; Morgan Stanley explores adding cryptocurrency to electronic trading platforms. Industry executives pointed out that banks are looking forward to clearer anti money laundering regulatory guidelines, and most institutions plan to enter the custody business through cooperation with existing cryptocurrency companies. The Trump administration's recent policy shift has paved the way for banks to participate in activities such as cryptocurrency custody and stablecoins, but banking regulators have not yet joined the working group led by the new crypto czar David Sacks.