As the Bitcoin 2025 conference unfolds in Las Vegas, New York City Mayor Eric Adams has announced that the city will issue Bitcoin-backed financial instruments. Specifically, Adams says he will do everything in his power to launch BitBonds in New York, cementing the city’s place in the global financial renaissance. New York Targets BitBonds To Attract Investors NYC Mayor Eric Adams says the city will be the first to launch Bitcoin-backed municipal bonds for investors. Adams unveiled the plans in a keynote address at the Bitcoin 2025 summit, sharing plans for a wave of financial instruments backed by Bitcoin. Dubbed BitBonds, the NYC mayor says the incoming financial instrument will cater to a growing investor demographic in the city. Adams confirmed that BitBonds will become the go-to financial tool for Bitcoin holders in New York City. HUGE BREAKING: NEW YORK CITY MAYOR SAYS HE WILL BE THE 1st CITY IN… Read More at Coingape.com
DeFi Technologies, the Toronto-based publicly traded company has striked a major move aimed at expansion. On Monday, it launched its new RWA tokenization-focused exchange, Kenya Digital Exchange (KDX).
The exchange, aimed at tapping into the growing digital market of Kenya, is launched with the collaboration of Kenya’s Nairobi Securities Exchange (NSE).
Notably, the new exchange launch builds on the partnership signed last year between NSE, Defi Technologies’ subsidiary, Valour and SovFi.
The collaboration also involves the listing of Valour’s exchange-traded products (ETPs) on NSE by Q3 2025.
KDX: Why Defi Technologies is launching a new exchange
Curtis Schlaufman, the Vice-president of VP Marketing and Communications at DefiTech, revealed in a X post that the new Kenya Digital Exchange (KDX) aims at expanding his company’s role in global capital markets and digital asset innovation.
Given the ongoing growth in the RWA innovation and market, DeFi Tech’s KDX will work as a regulated platform for tokenizing real-world assets (RWAs) – equities, debt funds, and commodities.
KDX will enable primary issuance, trading, and liquidity provisioning for the tokenization of these instruments of traditional markets. It will leverage blockchain technology to ensure secure, transparent, and efficient transactions.
The platform will further integrate Hedera for settlement and to support smart‑contract–powered issuance and market‑making. This infrastructure is expected to serve both institutional and retail clients.
With Valous’ ETPs also in line, it aims to serve as a one‑stop marketplace for digital‑asset ETPs and other tokenized products.
To Provide Other Sevices too
As per the press release, implementation of KDX will occur in three phases:
1. initial platform design and compliance checks in late 2025,
2. pilot trading and ETP issuance in early 2026, and
3. full commercial launch by the second quarter of 2026.
The exchange’s revenue streams will include trading and listing fees, custody services, staking and liquidity‑provision charges, and other value‑added financial services. Curtis also informed that besides RWAs, Defi Tech’s KDX will also focus on token issuance, AI trading, market making, and global exchange interoperability.
Kenya has long been a global leader in P2P bitcoin trading – Chainalysis ranked it first worldwide in P2P trade volume in 2021, ahead of 154 other countries. The country ranks among the top 25 markets worldwide for crypto adoption.
With cryptocurrency transactions totaling an estimated USD 18.6 billion in 2022 and over six million users—roughly 10% of the population.
Smartphone penetration exceeds 85%, and the local fintech sector attracted USD 638 million in venture capital in 2024. This underscores strong consumer demand and robust digital‑finance innovation.
By tapping into a six‑million‑user market and nearly USD 20 billion in annual crypto transactions, KDX could catalyze a new wave of digital‑finance activity in East Africa.
Trump’s tariff war and pause theory has given many ups and downs to the crypto market. Following the current market sentiment, Ethereum’s price recently made a push past $1,550, even touching $1,687 at one point, but the rally was short-lived. The asset has since lost steam, slipping below key resistance levels and trading under $1,580. As the price faces a new bearish trend line, bulls are in a tight spot; they either break through and regain momentum or dive down toward the $1,500 support zone.
Similar Cycle, But Slower Pace
According to crypto analyst Benjamin Cowen, Ethereum’s underperformance isn’t random, it’s echoing a pattern from 2019. In his latest YouTube video, Cowen explains that Ethereum appears to be repeating the same structural movements as in the last cycle, only this time, the cycle is stretched out significantly. The slowdown, he says, is due to ongoing macroeconomic pressure, specifically, the extended period of quantitative tightening (QT) by the U.S. Federal Reserve.
QT is when the Fed reduces its balance sheet to tighten money supply, usually to fight inflation. This creates a tougher environment for risk assets like Ethereum. Unlike the previous cycle where QT ended well before Bitcoin’s halving, this time it has persisted even into the post-halving year.
QT May End Soon—A Turning Point?
Cowen points to a recent Federal Open Market Committee (FOMC) summary from January, which suggests the Fed might end QT by mid-2025. If this timeline holds, Ethereum could begin gaining traction again once liquidity returns to the market. Until then, Cowen implies we may continue to see sluggish growth from ETH compared to more speculative or faster-moving altcoins.
At the time of Cowen’s video, Ethereum was trading around $1,652, up 12% in the last 24 hours. Despite the recent uptick, it’s still struggling to outperform the broader crypto market. The mixed technical scenario, along with bearish trend lines and key resistances followed by macroeconomic drag, is making it harder for ETH to lead the current cycle.
In short, Cowen believes Ethereum’s slow momentum isn’t a failure of the asset itself but a symptom of extended economic tightening. If QT ends as projected, ETH may finally have the breathing room to run. Until then, it’s a game of patience.
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Trump’s tariff war and pause theory has given many ups and downs to the crypto market. Following the current market sentiment, Ethereum’s price recently made a push past $1,550, even touching $1,687 at one point, but the rally was short-lived. The asset has since lost steam, slipping below key resistance levels and trading under $1,580. …
Ethereum price is dips 3% to hit $2,520 on Friday, bullish territory, with strong institutional accumulation signals stregthening key support levels.
BTCS Inc. Arranges Financing to Fund $57.8 Million of Etherereum (ETH) Resereve
Ethereum (ETH) found support amid a tame altcoin market trend on Thursdsy. While the likes of Cardano (ADA) and Solana (SOL) posted 4% losses apiece ETH managed to limit lossses to 3.2% on the day.
Ethereum’s resilient showing is linked to a critical statement from BTCS Inc. announcing a significant $57.8 million financing deal aimed at expanding its Ethereum holdings and validator infrastructure.
Ethereum Price Action, May 16, 2025 | Coingecko
The structure of the agreement includes an initial $7.8 million tranche and room for an additional $50 million, demonstrating institutional-level confidence in Ethereum’s long-term trajectory.
The convertible notes carry a hefty 194% premium at $5.85 per share, which not only reflects optimism but also mitigates short-term dilution unless BTCS stock appreciates considerably. Furthermore, the CEO’s personal commitment of $95,000—and $200,000 from a related trust—adds credibility to the bullish stance on ETH.
Strategically, BTCS is modeling this initiative after MicroStrategy’s Bitcoin playbook, but with a clear Ethereum-specific twist: recurring validator income. Unlike BTC holdings, Ethereum provides staking rewards, and BTCS plans to scale this revenue stream via its Builder+ platform. This means ETH functions not only as a store of value but also as a yield-bearing asset integrated into core operations. If Ethereum continues to rise alongside network demand, BTCS stands to benefit from both capital appreciation and validator-based cash flow.
What’s Next?
Ethereum’s steady price consolidation above $2,500 puts it in a favorable technical position as the market assesses macro and regulatory risks. Should price maintain its hold above this level, supported by fresh institutional inflows like those from BTCS, the path toward reclaiming the $2,700 to $2,800 resistance range remains viable.
More importantly, ETH price withstanding external shocks from the FTX-induced sell-offs, reduced volatility relative to its altcoin peers. If staking demand, validator scaling, and institutional ETH strategies continue to expand, Ethereum may enter a structurally stronger phase, with a long-term target at the $3,000 level.
Ethereum forecast today points to renewed bullish potential as price action consolidates firmly above $2,500, with technical indicators supporting a continuation move toward $2,800.
Despite modest retracement pressure in recent sessions, ETH remains structurally intact, with Bollinger Bands showing a steady upper band expansion, affirming bullish volatility. Friday’s close at $2,549.89—right at the session high. This signals strong intraday recovery and suggests dip buyers are defending the range lows with conviction.
The RSI, currently at 72.33, continues to hover in overbought territory but shows signs of stabilizing, reflecting healthy momentum without excessive froth. The price remains above both the VWAP and mid-band support, signaling control remains with buyers.
Ethereum Price Action, May 16, 2025 | Coingecko
As institutional interest deepens, highlighted by BTCS Inc.’s newly announced $57.8 million Ethereum accumulation strategy, an early rebound remains on the cards.
In the event bulls maintain control above $2,500 and momentum continues to hold above RSI 70, the next logical resistance sits near $2,800. On the flipside, decisive break below the $2450 this level could open the path toward $2,200 in the medium term.
