May 28, 2025

The biggest crypto news and ideas of the day 

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Welcome to The Node! This is Ben Schiller to take you through the latest crypto news from CoinDesk's reporters.

US Labor Department Picks Up Crypto Torch

Mayor Eric Adams Calls for End to New York's BitLicense
Big Money Favors Ether Over Bitcoin
Bergen County, New Jersey, Tokenizes $240B in Real Estate on Avalanche

INTERVIEW: Input Output founder and CEO Charles Hoskinson joins CoinDesk Live to weigh in on the future of crypto, highlighting the archaic financial middlemen, the expected market cycles, and the increasing adoption of cryptocurrencies by global governments.
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Labor Department Eases Regs

• The U.S. Department of Labor is tearing down previous warnings about crypto in retirement investments.
• President Donald Trump's Labor secretary argued the department should never have sought to pick winners and losers in 401(k) assets.

Adams Calls for BitLicense End

• Mayor Eric Adams called for the end of the BitLicense at Bitcoin 2025, urging crypto businesses to return to New York City.
• Adams also proposed the creation of a BitBond, a municipal bond backed by bitcoin, to raise capital and offer tax advantages.

Big Money Chases Ether 

• ETH calls trade pricier than BTC calls on Deribit, according to the risk reversals indicator.
• ETH CME futures have registered a faster increase in open interest.
• Elevated premiums and funding rates for ether futures suggest traders are more bullish on ETH compared to BTC.

Bergen Tokenizes With Avalanche

• Bergen County, NJ plans to digitize all property deeds on the Avalanche network under a five-year agreement with blockchain software firm Balcony.
• The initiative aims to simplify and secure property record management for nearly a million residents across 70 municipalities.
• The move aligns with a broader trend of tapping blockchain rails for record-keeping of all kinds of assets for operational gains, also known as tokenization.

Charles Hoskinson Interview

Input Output founder and CEO Charles Hoskinson joins CoinDesk Live at Consensus to weigh in on the future of crypto, highlighting the archaic financial middlemen, the expected market cycles, and the increasing adoption of cryptocurrencies by global governments.

AIOZ Network Launches AIOZ AI: A Marketplace for Web3 AI Models and Compute

By combining AI development with Web3 physical infrastructure, new systems like AIOZ AI enable more open access to compute resources and reward contributors through token monetization mechanisms. AIOZ AI enables this through DePIN Compute – a Web3 network that processes AI workloads across a global infrastructure, allowing developers to monetize their contributions and earn tokenized rewards based on the usage of their models and datasets.

The AIOZ AI Vision Paper outlines this convergence between AI and Web3, and today’s launch of AIOZ AI marks the first step toward making that vision a reality. continue reading 

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