Stocks are up as weak labor market may force the Fed to cut rates.

Dow Jones up 300 points as weak labor market fuels rate cuts bets

Crypto exchange Kraken has launched Krak, a global money application designed 
to facilitate free local and international payments using both fiat currency 
and cryptocurrency. Zero-Fee Global Payments: Kraken Unveils Krak Money App 
The app aims to address persistent issues within traditional financial 
systems, which Kraken co-CEO Arjun Sethi described as slow, costly, and 
opaque. Kraken […]

Crypto Exchange Kraken Enters Payments Race With Krak App

According to Bitwise’s Jeff Park, Bitcoin has gone from a risky experiment to 
a six-figure asset over three New York mayoral terms. Related Reading: Bunker 
Buster: Ethereum Titans Stake $100 Million Amid US-Iran Hostilities It started 
near $754 when Michael Bloomberg left office in December 2013. Now, as the 
city prepares for its next election, it’s trading above $107,000. These 
numbers show a rise of about 14,590% in just over a decade. Mayoral Timeline 
Marks Bitcoin Growth Bill de Blasio took over in January 2014. At first, 
Bitcoin barely budged. But by December 2021, it hit roughly $47,000. That 
climb happened while de Blasio’s two terms played out on City Hall’s stage. 
The crypto market had its ups and downs, yet the overall trend pointed skyward 
under his watch. Worth noting that in the time it took New York to go from 
Bloomberg to Mamdani, Bitcoin soared from $754 to $106,000+ today. You may not 
see nor believe it right away, but this is actually not a coincidence. 
Separate money from state. — Jeff Park (@dgt10011) June 25, 2025 Bitcoin’s 
Surge Through Political Change When Eric Adams stepped in as mayor in January 
2022, he made headlines by taking his first paychecks in Bitcoin. The move 
sent a clear message that New York was open to crypto. The market then endured 
a tough 2022 bear phase. Still, Bitcoin bounced back strong in 2023 and kept 
going. This month, it’s up about 3% and sits at $107,567, according to figures 
by Coingecko. Separate Money From State Park used the mayor count as a 
storytelling tool. He’s calling for a break between money and government. His 
view: people should choose how they handle their own cash. Political shifts 
come and go, but Bitcoin keeps growing on its own terms. That steady rise 
speaks to the idea of financial freedom outside state control. New Leadership 
And Future Trends Zohran Mamdani has surged ahead in the Democratic primary 
after Adams declared an Independent bid. Since Democrats usually win in New 
York, many see Mamdani as the likely next mayor. Related Reading: Double Win: 
Dogwifhat Jumps 24% Alongside Bitcoin’s $107K Push Park even joked that 
Bitcoin’s journey has moved “from Bloomberg to Mamdani.” That line underlines 
how the asset climbed, even as the city’s politics reshuffled itself. It’s 
easy to draw lines between mayoral posters and price charts. But Bitcoin’s 
real drivers go beyond City Hall. Global demand, big investors, shifts in 
mining, and moves by the Federal Reserve have all shaped its path. New York’s 
mayors provide handy markers on the timeline, not the engine of growth. On 
Crypto &amp; Politics As New York eyes November 2025, Bitcoin stands as proof that 
financial tools can live beyond politics. The question now isn’t whether the 
next mayor will back crypto. It’s how far Bitcoin will go when its story isn’t 
tied to any single office. Featured image from Unsplash, chart from 
TradingView

A Tale Of 3 Mayors And Bitcoin’s Climb From $754 To $107,000

Meta&#8217;s latest AI hire follows several developments and partnerships aimed at 
making the tech giant a leader in the burgeoning sector.

Meta hires former OpenAI top talent amid AGI push

Last year’s $1 billion offer was a non-starter. Now, with AI demand surging 
and Bitcoin mining margins tightening, CoreWeave has circled back and is 
reportedly in new talks to acquire Core Scientific. On June 26, the Wall 
Street Journal reported…

CoreWeave takes a second shot at Core Scientific acquisition

The reported business deal would make the “Web3-native fund” one of World 
Liberty Financial&#8217;s biggest tokenholders, with more than Tron founder Justin 
Sun.