a city crypto is spent

Kazakhstan plans to launch “CryptoCity,” a pilot zone where cryptocurrencies can be used to pay for goods and services, the country’s President Kassym-Jomart Tokayev, said. according to a May 29 announcement on the official website of President . Speaking at the Astana International Forum 2025, Tokayev said the pilot zone will be used to explore…

Bitcoin is well-positioned for $120K next as multiple metrics flip bullish

Key takeaways: Bitcoin’s price consolidates below its all-time high of nearly $112,000. Whale accumulation, strong ETF inflows and other factors suggest BTC is on track to $120,000. Bitcoin (BTC) shows multiple onchain and technical signals that there is still more upside for BTC. Bitcoin whales accumulate more BTC Large Bitcoin investors have been adding to…

Bitget Wallet Partners With Coinpal to Let Users Spend Crypto at 6,000+ Online Merchants

Bitget Wallet, a non-custodial crypto wallet, has partnered with payments platform Coinpal to make it easier for users to spend digital assets across a wide range of online retailers. The move connects Bitget Wallet users to over 6,000 merchants already working with Coinpal, which include businesses in gaming, electronics, fashion and software. This partnership also…

Crypto’s optimism isn’t just hype. It’s a structural feature.

Opinion by: Oleksandr Lutskevych, Founder and CEO of CEX.io Bitcoin markets have consistently shown greater emotional resilience than traditional equities during multiple global shocks. While some on Wall Street found this “impressive” during the “Liberation Day” sell-off on April 2, such optimism isn’t a glitch — it’s a pattern that extends across digital assets. Let’s…

‘Obvious’ Bitcoin price breakout signal is flashing for the first time since 2024

Key points: Bitcoin’s “cleanest trend indicator” is flashing bullish for the first time since mid-2024. Previous signals mostly resulted in a BTC price blow-off top over the coming year. Market commentators remain firmly bullish on price trajectory during consolidation after Bitcoin’s latest all-time high. Bitcoin (BTC) is prepared for its “next major leg up” as…

Eric Adams calls for Bitcoin bond in NYC, end to state BitLicense

New York City Mayor Eric Adams says he will ensure a Bitcoin bond is launched in the city and renewed his call to axe New York’s BitLicense program. Speaking at the Bitcoin 2025 conference, Adams pledged to advocate for and support the creation of municipal bonds backed by Bitcoin (BTC). “We have financial instruments for…

Bitcoin enters a consolidation phase as traders take profit

Key point: Bitcoin (BTC) remains pinned below the breakout level of $109,588, indicating that the bears are fiercely defending the level. Bitfinex analysts said in a market note that profit-taking generally follows after Bitcoin hits a new all-time high after a sharp rally. The report added that a mild retracement or consolidation would be healthy…

Crypto lobby group says SEC should back off regulating most DAOs

Crypto lobby group the DeFi Education Fund and the Uniswap Foundation have said the Securities and Exchange Commission should be hands-off on regulating decentralized autonomous organizations (DAOs). The May 27 letter to SEC Crypto Task Force lead Hester Peirce argued that the agency should not treat DAOs under the purview of the securities-defining Howey test…

Ethereum’s $2.4 billion options expiry could spark a rally

Key takeaways: 97% of ETH put options will expire worthless if ETH holds above $2,600. A bullish ETH price outcome could be limited by macroeconomic factors and trading strategies that cap Ether gains. On May 30, $2.4 billion in Ether (ETH) options will expire—an event that could support ETH’s attempt to break above the $2,700…

Asia Morning Briefing: All Eyes on TON as Elon Musk Pours Cold Water on xAI Deal Talks

Good Morning, Asia. Here's what's making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk's Crypto Daybook Americas. Telegram's blockbuster deal with xAI, which would see Elon Musk's AI…