Zohran Mamdani taps ex-con rapper to serve as criminal justice adviser on mayoral transition team: ‘Insane’

nypostPublished on 2025-12-08Last updated on 2025-12-08

Abstract

Zohran Mamdani, a New York City mayoral candidate, has appointed an ex-convict and rapper to serve as a criminal justice adviser on his transition team. The move, described as "insane" by critics, highlights Mamdani's focus on reform and incorporating directly impacted individuals into policy-making. The appointment aims to bring firsthand experience of the criminal justice system to the forefront of the campaign's strategy.

Ethereum Network Fees Drop 62%: Is ETH Price at Risk?

Ethereum network fees have dropped 62% over the past 30 days, raising questions about potential risks to ETH’s price. Despite this decline, the network shows resilience through strong layer-2 growth and maintained price support levels. Key data from Nansen indicates a significant cooling in Ethereum base-layer activity, with fees falling more sharply than on competing chains like Solana. However, layer-2 solutions such as Base and Polygon have seen substantial transaction volume growth—108% and 81%, respectively—suggesting that Ethereum’s expanding ecosystem remains dynamic. Ethereum’s recent upgrade, Fusaka, may have contributed to lower fees by improving rollup efficiency. Meanwhile, ETH’s price rose over 11% amid softer U.S. employment data, though it remains 32% below its August peak. On-chain metrics show reduced activity in decentralized applications (DApps). DEX trading volume on Ethereum fell to $13.4 billion from $23.6 billion four weeks earlier, and DApp revenue hit a five-month low. Total value locked (TVL) in Ethereum DApps also declined, dropping from $100 billion to $76 billion over two months. Still, Ethereum maintains a dominant 68% market share among smart contract platforms. Perpetual futures funding rates held near 9%, reflecting balanced leverage market sentiment. Broader institutional and regulatory developments, including positive comments from former SEC commissioner Paul Atkins on blockchain adoption, may support longer-term confidence. In summary, while Ethereum’s base-layer demand has softened, strong layer-2 growth and ongoing ecosystem development suggest underlying strength. Current data does not indicate fundamental weakness in ETH’s market structure.

cointelegraph_中文9m ago

Ethereum Network Fees Drop 62%: Is ETH Price at Risk?

cointelegraph_中文9m ago

CARV Deep Dive: Cashie 2.0 Integrates x402, Transforming Social Capital into On-Chain Value

CARV's Cashie 2.0 integrates x402 protocol to bridge social interactions with on-chain value, enabling AI agents and users to transform social capital into verifiable economic incentives. Built on CARV's modular AI infrastructure—including CARV ID (ERC-7231), Model Context Protocol, and Shielded Mind privacy—Cashie 2.0 automates reward distribution based on authenticated social behaviors like retweets and engagements, eliminating bots and manual processes. Its three core pillars are: x402 Payment for gasless pledge commitments, CARV ID as a social-to-economic identity oracle, and ERC-8004 Agent for trustless execution. The system supports AI-native APIs, allowing agents to programmatically initiate campaigns, and offers ERC-20 compatibility via txHash verification. Cashie 2.0 launches with a $45,000 campaign, enabling creators to set up automated giveaways while participants earn rewards without gas fees or wallet暴露. Future upgrades include self-hosted facilitators, AI-driven campaigns, and enterprise SDKs, positioning Cashie as key infrastructure for programmable social economies and CARV’s Sovereign AI Beings vision.

深潮21m ago

CARV Deep Dive: Cashie 2.0 Integrates x402, Transforming Social Capital into On-Chain Value

深潮21m ago

Bitcoin Hits New High Since Mid-November. What About Other Cryptocurrencies?

On the evening of December 9th, Bitcoin (BTC) reached $94.4k, marking its highest price since mid-November. As of the next day, it was trading around $92.6k with a 2.5% daily gain. The total cryptocurrency market cap grew 2.8% to $3.16 trillion. Ethereum (ETH) saw a significant rise of 6.4%, trading near $3.3k. Other top-10 cryptocurrencies also advanced, with Cardano (ADA) leading the group with an 8.6% surge. The top gainer in the top-100 was FET, up 10.5%, while Bitcoin Cash (BCH) was the biggest loser, down 1.8%. U.S. spot Bitcoin ETFs recorded a net inflow of $151 million on December 9th, the largest for December so far, while Ethereum funds attracted $177 million, a high since late October. These inflows are seen as a potential signal of returning liquidity to the crypto market, with some analysts viewing it as a catalyst for Bitcoin to reach around $100k by year-end, though others are more cautious, expecting growth no earlier than next year. The Crypto Fear and Greed Index improved from 22 to 26, moving out of "extreme fear" into "fear," indicating reduced panic but a market still inclined to sell. Analysts at Wintermute noted that cryptocurrencies have recently shown resilience to negative factors. Key upcoming events that could determine market direction include the U.S. Fed's and the Bank of Japan's interest rate decisions on December 10th and 19th, respectively.

RBK-crypto26m ago

Bitcoin Hits New High Since Mid-November. What About Other Cryptocurrencies?

RBK-crypto26m ago

Coinbase Says the Crypto Market Has Hit ‘Reset’—And December Could Be the Turning Point

Coinbase's latest report indicates the crypto market has undergone a significant "reset" after two months of bearish pressure, with institutional speculation declining from 10% in November to around 4-5% currently—a level the exchange considers stable. Key metrics show reduced leverage, lower open interest in BTC/ETH/SOL perpetual futures, and substantial outflows from U.S. spot Bitcoin and Ethereum ETFs. Historically, December has been a bullish month for crypto, averaging 25% returns during bull markets. While 2025 has defied seasonal trends so far, Coinbase suggests the market’s cleaner structure—with fewer leveraged positions—could set the stage for a potential recovery. Factors like a possible Fed rate cut, ETF rebalancing, and new altcoin ETF launches may support a rebound, though macro uncertainties remain.

ccn.com33m ago

Coinbase Says the Crypto Market Has Hit ‘Reset’—And December Could Be the Turning Point

ccn.com33m ago

CARV Deep Dive: Cashie 2.0 Integrated x402, Turning Social Capital Into On-Chain Value

CARV introduces Cashie 2.0, a programmable on-chain layer that transforms social engagement into verifiable economic activity. Integrated with the x402 protocol, Cashie bridges social and economic ledgers through three core pillars: x402 Payment (pledging funds via ERC-3009 signatures), CARV ID (mapping social actions to on-chain identities), and ERC-8004 Agent (autonomous execution of rewards). The upgrade enables gasless, trustless campaigns and supports AI-native APIs for agent-to-agent coordination. It also offers universal ERC-20 token compatibility via transaction hash verification. Cashie 2.0 aims to decentralize social monetization, with an initial $45,000 creator campaign to drive adoption. Built on CARV’s modular infrastructure for sovereign AI Beings, it expands the creator economy by turning social capital into on-chain value.

TheNewsCrypto35m ago

CARV Deep Dive: Cashie 2.0 Integrated x402, Turning Social Capital Into On-Chain Value

TheNewsCrypto35m ago

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