New York City Comptroller Brad Lander has rejected Mayor Eric Adams’s proposal to issue Bitcoin-backed municipal bonds, calling the idea “legally dubious and fiscally irresponsible.” Lander warned that the crypto-backed BitBond could expose the city to unnecessary financial risk.

The IMF has raised concerns over Pakistan’s plan to allocate 2,000 MW of power for Bitcoin mining and AI centers amid energy shortages. The Fund seeks clarity on the legality of crypto and warns that the move could complicate ongoing financial negotiations.

The US Treasury has  sanctioned Philippines-based Funnull Technology and its alleged administrator, Liu Lizhi, for supporting thousands of crypto scam websites tied to over $200 million in losses.  OFAC says Funnull sold bulk IP addresses and tampered with developer code to redirect users to fake sites. Two associated crypto wallets were also blacklisted in the…

Binance Japan has achieved ISO/IEC 27001 and 27701 certifications, affirming its strong cybersecurity and privacy standards. Issued by the British Standards Institution, the certifications reflect Binance’s commitment to transparency and safety. Executives say the move aligns with Binance’s broader compliance efforts, which are already recognized in France, the UAE, Thailand, and beyond.

Grayscale has launched its Artificial Intelligence Crypto Sector, grouping 20 AI-focused tokens worth $21 billion. This sixth sector, within its Crypto Sectors framework, reflects the surge in decentralized AI projects. Divided into platforms, tools, and applications, it aims to foster transparency, access, and innovation across blockchain-based AI development.

Elon Musk is stepping down from his role leading the Department of Government Efficiency (DOGE), citing the job as an “uphill battle.” Musk admitted he spent too much time on politics. Despite DOGE’s claimed savings, the initiative faced legal challenges and criticism over its effectiveness and accuracy.   As my scheduled time as a Special Government Employee…

Bitcoin is poised for a rally to $120K after a U.S. court blocked Trump’s tariffs. Analyst Pav Hundal says the decision will trigger a wave of investment, with momentum building through ETFs, corporations, and retail interest in crypto markets.

The DeFi Education Fund and Uniswap Foundation urged the SEC to refrain from regulating most DAOs, arguing they should be treated as decentralized individuals rather than companies. In a letter to Hester Peirce, they emphasized that sufficiently decentralized DAOs and their tokens shouldn't fall under securities law via the Howey test.

New York City Mayor Eric Adams has called for a Bitcoin-backed municipal bond and the repeal of the state’s BitLicense program. Speaking at Bitcoin 2025, Adams said it's time NYC embraced crypto investment tools and criticized BitLicense for being too expensive and restrictive for crypto businesses.