Mamdani wins New York City mayoral election; industry closely watches his crypto policy.
on November 5th, according to the Associated Press, 34-year-old Zohran Mamdani defeated former New York State Governor Andrew Cuomo and Republican Curtis Sliwa in the election to become the 111th mayor of New York City, becoming the first Muslim and South Asian to hold this position in over a century. Some of Mamdani's main campaign promises include: free city bus fares, freezing rent prices, providing universal childcare services, raising the minimum wage by 2030, and taxing large corporations and the wealthiest 1% of New Yorkers to lower the cost of living. Critics claim that his policies will bring disastrous consequences to the city's businesses. Industry figures in the crypto sector such as Gemini co-founder Tyler Winklevoss and White House AI and crypto czar David Sacks opposed Mamdani in the New York City mayoral election, openly supporting former New York State Governor Andrew Cuomo. Although Mamdani rarely comments publicly on cryptocurrencies, the industry is now closely watching how the policies of this socialist mayor will affect digital assets.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
MSX Connects Conventional and Blockchain Financial Systems through Incentives Prioritizing Liquidity
- MSX launches S1 Points Season with M Bean incentive mechanism to boost user engagement and liquidity via blockchain-based rewards. - Non-lockup model allows users to earn rewards through trading, staking, and governance, mirroring MEXC's high-yield airdrop strategies. - Platform integrates on-chain data partnerships (e.g., Tradeweb-Chainlink) to provide institutional-grade transparency in tokenized finance. - Analysts highlight need for sustained utility and adaptive tokenomics to maintain value, leverag
Semiconductor Industry Instability Challenges the Community-Based Resilience of Pi
- Pi Network stabilizes at key support level amid mixed tech sector signals, influenced by semiconductor earnings and capital shifts between traditional/digital assets. - Analog semiconductors show divergent performance: onsemi (-15.4% YoY) and Himax (-10.4%) decline, while MACOM jumps 32.3% on network chip demand. - Whale liquidity injections and resilient retail demand (social media growth) support Pi, mirroring micro-cap stock trends like Wasatch Fund's 9.52% Q3 return. - Macroeconomic risks (inventory
Bitcoin News Update: Bitcoin’s $125,000 Bet: Robust Profits Face Uncertain Job Market
- Bitcoin's $125,000 year-end target faces skepticism as on-chain data shows key resistance levels and fragile STH support at $113,000. - MVRV ratios suggest higher potential ($160K–$200K) if Bitcoin sustains momentum above $113,000, aligning with historical bull cycle patterns. - Strong corporate earnings (S&P 500 +10.7% YoY) contrast with stagnant job markets and AI-driven layoffs, creating mixed macroeconomic signals. - Government shutdown delays critical economic data, heightening uncertainty around in
Japan Positioned as AI Hub: SoftBank and OpenAI Aim for Worldwide Business Adoption
- SoftBank and OpenAI launch SB OAI Japan to deploy Crystal Intelligence in Japan, targeting a 2026 IPO. - Strategic partnership combines SoftBank's infrastructure with OpenAI's AI tech to address finance, healthcare, and customer service sectors. - OpenAI CEO Sam Altman highlights Japan's mature tech ecosystem as a model for global AI integration. - SoftBank commits infrastructure and 5G expertise to scale AI solutions, leveraging prior Vision Fund investments. - Japan's AI market projected to exceed ¥1.2
Trending news
MoreCrypto prices
More
