Trump ally to announce run for NY gov Tuesday, setting up clash with GOP frontrunner Elise Stefanik

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

Abstract

Trump ally and former Westchester County Executive Rob Astorino is set to announce his run for New York governor on Tuesday, positioning himself as a challenger to the current Republican frontrunner, Congresswoman Elise Stefanik. This move sets up a significant intraparty clash for the GOP nomination.

CBDC Ban Stalls Five Months After the House Passed Anti-Surveillance Act

Key Takeaways: Despite unanimous Republican opposition to central bank digital currencies (CBDCs) in Congress, efforts to ban them have stalled. Five months after the House passed the Anti-CBDC Surveillance State Act, the legislation has not progressed further. Republican leaders, including Speaker Mike Johnson, reportedly promised to include anti-CBDC language in the National Defense Authorization Act (NDAA) but failed to do so. Lawmakers like Rep. Keith Self and Rep. Marjorie Taylor Greene have expressed frustration with the party's inaction, citing broken promises and a lack of priority for the issue amid other legislative conflicts and the government shutdown. The GOP leadership has missed multiple opportunities to advance the ban, leaving the bill's future uncertain.

ccn.com1m ago

CBDC Ban Stalls Five Months After the House Passed Anti-Surveillance Act

ccn.com1m ago

BOLTS Launches Quantum-Resilience Pilot On Canton Network To Future-Proof $6T Real-World Assets

BOLTS Technologies has launched a pilot program to integrate its quantum-resilient software, QFlex, into the Canton Network, a blockchain for institutional finance. The initiative aims to protect over $6 trillion in real-world assets from future quantum computing threats, specifically addressing risks posed by cryptographically relevant quantum computers (CRQC) and Shor’s algorithm. QFlex enables cryptographic agility at the transaction level, allowing asset owners to adopt quantum-resistant measures without code changes. The pilot supports regulatory readiness for standards like PQS 2030 and DLT 2030. BOLTS’ technology, backed by grants from NIST, the U.S. Air Force, and Navy, offers a proactive solution to safeguard institutional digital assets against quantum vulnerabilities.

TheNewsCrypto21m ago

BOLTS Launches Quantum-Resilience Pilot On Canton Network To Future-Proof $6T Real-World Assets

TheNewsCrypto21m ago

Crypto Market Prices the Verdict: $1.8 Billion Bet on Do Kwon's Sentencing Outcome

The cryptocurrency market is witnessing an extraordinary $1.8 billion in futures trading volume for LUNA and LUNA2 tokens, despite their lack of fundamental value. This surge in speculative activity is directly tied to the upcoming sentencing hearing of Terraform Labs co-founder Do Kwon in a New York federal court on December 11th. Prosecutors are seeking a 12-year prison sentence for Kwon’s role in the $40 billion Terra-LUNA collapse, while his defense team is arguing for a 5-year term. This 7-year discrepancy has created a high-stakes betting environment. The market is characterized by extreme divergence, with a high volume of short positions (indicated by negative funding rates) and a powerful counter-force of buyers attempting to squeeze those shorts. The article argues that the current LUNA traders are not the original victims of the crash but are now primarily event-driven speculators, quantitative funds, and opportunistic traders. For them, LUNA has been transformed from a failed project into a pure "legal derivative," a volatile instrument whose price is entirely driven by the legal outcome of Kwon's case, devoid of any fundamental anchor. The author concludes that regardless of the sentencing outcome—whether a harsh or light sentence—the event's conclusion will likely cause LUNA's price to collapse. A harsh sentence would reaffirm its zero fundamental value, while a light sentence would trigger a "sell the news" event. This situation exemplifies the crypto market's cold, hyper-efficient ability to price and monetize anything, including justice and a person's freedom, reducing moral judgment to mere noise against the pursuit of volatility and profit.

比推34m ago

Crypto Market Prices the Verdict: $1.8 Billion Bet on Do Kwon's Sentencing Outcome

比推34m ago

Anchored, But Under Strain

Bitcoin remains structurally fragile, trading between the STH-Cost Basis at $102.7k and the True Market Mean at $81.3k. On-chain conditions are weakening, with rising unrealized and realized losses, alongside elevated selling from long-term holders. Despite some demand absorbing this pressure, reclaiming key levels like the 0.75 cost-basis quantile ($95k) is crucial for a bullish reversal. Off-chain activity reflects caution: ETF flows are negative, spot and futures liquidity are subdued, and options markets show heightened demand for short-term downside protection ahead of the FOMC meeting. Traders are accumulating volatility, anticipating a near-term move. Post-FOMC, volatility may compress, but the market remains range-bound, balancing persistent sell pressure against patient demand.

insights.glassnode39m ago

insights.glassnode39m ago

Japan plans major shift as crypto moves from payments to securities law

Japan's Financial Services Agency (FSA) is planning to shift cryptocurrency regulation from the Payment Services Act to the Financial Instruments and Exchange Act (FIEA), treating crypto primarily as investment products rather than payment methods. This move aims to enhance user protection by imposing stricter disclosure rules for initial exchange offerings (IEOs), including mandatory pre-sale information, third-party code audits, and issuer identity disclosure. The new framework also strengthens measures against unregistered platforms and explicitly prohibits insider trading. The regulatory shift coincides with government discussions to implement a flat 20% tax rate on crypto trading profits.

cointelegraph48m ago

Japan plans major shift as crypto moves from payments to securities law

cointelegraph48m ago

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