advisory – Earlybirds Invest https://earlybirdsinvest.com Latest Crypto News Sun, 13 Jul 2025 09:11:49 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.9 https://i0.wp.com/earlybirdsinvest.com/wp-content/uploads/2024/12/cropped-New-Project-2024-12-17T235703.455.png?fit=32%2C32&ssl=1 advisory – Earlybirds Invest https://earlybirdsinvest.com 32 32 240146708 Bank of America Unveils S&P 500 Targets As Wealth Advisory Firm Says Investors Pricing In Goldilocks Scenario for Stock Market: Report https://earlybirdsinvest.com/bank-of-america-unveils-sp-500-targets-as-wealth-advisory-firm-says-investors-pricing-in-goldilocks-scenario-for-stock-market-report/ https://earlybirdsinvest.com/bank-of-america-unveils-sp-500-targets-as-wealth-advisory-firm-says-investors-pricing-in-goldilocks-scenario-for-stock-market-report/#respond Sun, 13 Jul 2025 09:11:48 +0000 https://earlybirdsinvest.com/bank-of-america-unveils-sp-500-targets-as-wealth-advisory-firm-says-investors-pricing-in-goldilocks-scenario-for-stock-market-report/

Bank of America (BofA) believes corporate America will send the S&P 500 soaring to new all-time high levels.

Despite President Trump’s trade war, BofA strategists including Savita Subramanian and Jill Carey Hall predict that the S&P 500 will hit 6,300 by the end of the year and skyrocket to 6,600 in 12 months, reports Bloomberg.

BofA strategists say America’s economic engine remains resilient.

“Despite tentative trade deals, the One Big Beautiful Bill Act and receding recession risks, policy uncertainty is near all-time highs and sovereign yields are at multi-decade highs. But corporate transparency has remained intact…

Volatility in currency, inflation and rates have failed to rattle S&P 500 margins since Covid – corporates either adapted or dropped out of the index.”

BofA’s bullish stance comes as one wealth advisory firm says investors are becoming increasingly optimistic about the trajectory of the S&P 500.

In a new CNBC interview, Payne Capital Management senior wealth advisor Courtney Garcia says tariff headlines are no longer rattling investor confidence, as markets grow accustomed to Trump’s threats being delayed or dialed back.

“I think what the market is starting to realize is that these are just getting pushed down the line… There are no really tariff deadlines that are coming. They just keep getting pushed out indefinitely, and that’s where markets are saying, ‘Okay, this isn’t probably as bad as we expected,’ at least in the first week of April, which markets have already moved past.

I think at this point, markets are more focused on almost a Goldilocks scenario, that interest rates are probably coming down later this year, growth is actually still strong, inflation is starting to come down. I think that’s what the market is pricing in.”

Payne Capital Management is a New York-based registered investment advisor that oversees $1.06 billion in assets.

 

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]]> https://earlybirdsinvest.com/bank-of-america-unveils-sp-500-targets-as-wealth-advisory-firm-says-investors-pricing-in-goldilocks-scenario-for-stock-market-report/feed/ 0 47369 NYC Mayor Eric Adams launches crypto advisory council https://earlybirdsinvest.com/nyc-mayor-eric-adams-launches-crypto-advisory-council/ https://earlybirdsinvest.com/nyc-mayor-eric-adams-launches-crypto-advisory-council/#respond Wed, 21 May 2025 03:09:02 +0000 https://earlybirdsinvest.com/nyc-mayor-eric-adams-launches-crypto-advisory-council/

New York City Mayor Eric Adams says he will create a digital advisory council to attract jobs and investment to the Big Apple and position it as the “crypto capital of the globe.”

“This is not about chasing memes or trends,” Adams told the inaugural New York City Crypto Summit on May 20. “We want to use the technology of tomorrow to better serve New Yorkers today.”

“We have experts right here, and they are going to help us navigate solutions that serve our city,” he added. “The age of tokenization, which includes crypto and blockchain and other fintech innovations, that age is here, and we’re going to continue to move forward with it.”

Adams didn’t share further details on the advisory group, but said a council chair and key policy recommendations would follow in the next few weeks.

On May 12, Adams announced financial services company Figure and private equity firms Traction and Scale would be assisting the city in its crypto efforts.

New York City will also be exploring whether certain services and taxes can be paid via crypto, according to Adams, along with using blockchain tech to manage sensitive information such as birth certificates and death records.

“Bringing blockchain security capabilities to the city means that birth certificates and death records can remain private but accessible to New Yorkers and their next of kin,” Adams said.

“We want to bring jobs of the future to our city today. That means supporting the development of a more diverse, equitable, inclusive tech ecosystem. We must embrace this emerging technology and build on the success of our economy,” he added.

Crypto legislation proposed in New York 

New York State lawmakers have already introduced several bills to regulate crypto. In April, Assemblyman Clyde Vanel introduced a bill to amend the state’s financial law to allow New York State agencies to accept crypto as payment. 

However, the legislation is yet to reach the state’s full House or Senate.

New York state Senator James Sanders Jr proposed the Blockchain Study Act in February, which would create a crypto task force to investigate the current state of crypto in the State. It has yet to advance past the House. 

Related: Wintermute opens New York office, citing improved US crypto rules

Adams made digital assets a large part of his policy platform after assuming office in January 2022 and announced a plan to accept his first three paychecks in Bitcoin (BTC).

He was indicted on corruption charges over alleged illegal donations from the Turkish government, but Justice Department officials stepped in and directed local authorities to intervene. The case was dismissed with prejudice on April 2, meaning it can’t be reopened.

An increasing number of US states are also working on crypto-related legislation, with at least 18 considering bills to establish a strategic Bitcoin Reserve. Two states, New Hampshire and Arizona, have successfully passed the legislation, according to Bitcoin Reserve Monitor.

Magazine: Crypto City: Guide to New York

]]> https://earlybirdsinvest.com/nyc-mayor-eric-adams-launches-crypto-advisory-council/feed/ 0 37410 CFTC Withdraws Advisory on Crypto Derivatives, Removing Regulatory Hurdle for Listings https://earlybirdsinvest.com/cftc-withdraws-advisory-on-crypto-derivatives-removing-regulatory-hurdle-for-listings/ https://earlybirdsinvest.com/cftc-withdraws-advisory-on-crypto-derivatives-removing-regulatory-hurdle-for-listings/#respond Mon, 31 Mar 2025 20:51:32 +0000 https://earlybirdsinvest.com/cftc-withdraws-advisory-on-crypto-derivatives-removing-regulatory-hurdle-for-listings/

The Commodity Futures Trading Commission (CFTC) is revoking an advisory requiring strict review of new virtual asset derivatives – financial instruments that derive their value from an underlying cryptocurrency, allowing investors to speculate on price movements without directly owning the asset.

In a statement, the regulatory agency says that its Division of Market Oversight (DMO) and Division of Clearing and Risk (DCR) decided to withdraw CFTC Staff Advisory No. 18-14 (Advisory with Respect to Virtual Currency Derivative Product Listings) effective immediately.

The DMO and the DCR originally issued the advisory on May 21st, 2018, to provide guidance on enhanced standards for derivative contracts to be listed on a designated contract market (DCM) or swap execution facility (SEF), or to be cleared by a derivatives clearing organization (DCO).

At the time, the DMO and the DCR said that the risks of the crypto markets justify scrutiny by the CFTC staff and registered entities.

“In light of the risks discussed above, staff highlights certain key areas that require particular attention in the context of listing a new virtual currency derivatives contract pursuant to Commission Regulation 40.2 or 40.3. The topics are: (A) enhanced market surveillance; (B) coordination with CFTC staff; (C) large trader reporting; (D) outreach to stakeholders; and (E) DCO risk management.”

On March 27th, the CFTC announced the withdrawal of the advisory. The agency says the guidance reflected the thinking of its staff in 2018 based on experience with crypto derivatives products.

“DMO and DCR determined that the advisory is no longer needed given additional staff experience with virtual currency derivative product listings and increasing market growth and maturity.”

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]]> https://earlybirdsinvest.com/cftc-withdraws-advisory-on-crypto-derivatives-removing-regulatory-hurdle-for-listings/feed/ 0 28276 Eric Trump joins Bitcoin firm Metaplanet’s advisory board, stock surges 17% https://earlybirdsinvest.com/eric-trump-joins-bitcoin-firm-metaplanets-advisory-board-stock-surges-17/ https://earlybirdsinvest.com/eric-trump-joins-bitcoin-firm-metaplanets-advisory-board-stock-surges-17/#respond Fri, 21 Mar 2025 11:01:54 +0000 https://earlybirdsinvest.com/eric-trump-joins-bitcoin-firm-metaplanets-advisory-board-stock-surges-17/

Tokyo-listed Bitcoin treasury firm Metaplanet has appointed Eric Trump, the son of US President Donald Trump, to its newly formed Strategic Board of Advisors.

Metaplanet announced Trump’s appointment on March 21, confirming that he will join as the first official member of the new advisory board. The board aims to unite influential voices committed to advancing financial innovation and Bitcoin adoption.

The company stated that this move reflects its dedication to building a top-tier advisory team. Trump brings experience across multiple industries and has become increasingly vocal about Bitcoin and digital assets.

Metaplanet described him as a strong advocate for Bitcoin adoption and a valuable addition to its strategic direction. It added:

“Eric Trump brings a wealth of experience in real estate, finance, brand development, and strategic business growth and has become a leading voice and advocate of digital asset adoption worldwide.”

Simon Gerovich, Metaplanet’s Director, expressed optimism about the appointment. He noted that Trump’s global business insight and engagement with the Bitcoin community will help accelerate the company’s vision of becoming a world-leading BTC treasury firm.

According to Google Finance, the news sparked investor interest, pushing Metaplanet’s stock up by over 17% to ¥4,730.

Strategic appointment

Eric Trump’s appointment appears to signal a deliberate step in Metaplanet’s international growth strategy.

After listing its shares on the OTCQX in December, the firm has worked to expand global visibility and attract US investors.

Considering this, Trump’s son’s presence on Metaplanet’s board could help boost the firm’s appeal among American investors, especially as it positions itself as an emerging alternative to Michael Saylor’s Strategy (formerly MicroStrategy).

Eric Trump has taken a more public role in the crypto space. He is connected to World Liberty Financial, a family-backed digital asset venture. Earlier this month, he endorsed his father’s pro-crypto policy and expressed support for both Bitcoin and Ethereum on social platform X.

XRP Turbo
]]> https://earlybirdsinvest.com/eric-trump-joins-bitcoin-firm-metaplanets-advisory-board-stock-surges-17/feed/ 0 26387 Update – Advisory on recent events and potential travel considerations https://earlybirdsinvest.com/update-advisory-on-recent-events-and-potential-travel-considerations/ https://earlybirdsinvest.com/update-advisory-on-recent-events-and-potential-travel-considerations/#respond Wed, 19 Mar 2025 19:48:02 +0000 https://earlybirdsinvest.com/update-advisory-on-recent-events-and-potential-travel-considerations/

Over the last weeks, we have been closely monitoring the security and safety in Istanbul. In particular, we have been focused on how events in Israel and the Gaza Strip may impact attendee safety.

We try to assess risk whenever we host an event. In the case of Devconnect Istanbul, we have consulted with our event organizer partners, local community members, and monitored government warnings that affect our community or the region. We recently took an additional step of working with external risk advisory services to consider where and how we may need to make changes to reflect conditions regionally.

In advance of further updates, we want to share two key points:

  • Although the current threat specifically targeting the Devconnect event itself is low, there is a significant risk of large protests, targeted violence, or disruptions in various Istanbul neighborhoods. It is possible for these risks to increase over the next few weeks, if the conflict in Israel and Gaza escalates.

  • There is a severe risk to Israelis, Israeli nationals, and people of Jewish faith or descent. Israel has released a notice warning any Israelis in the country to leave Turkey immediately.

Therefore, we strongly advise high-risk groups to take these warnings seriously, and to reconsider their travel plans, as we continue to evaluate recommendations for others, and to work toward providing clarity for the status of Devconnect events organized by EF.

We understand this might make some people uncomfortable, but we have made the decision to prioritize the safety of community members, and we feel a responsibility to share what we have learned as soon as possible.

These last weeks have included complicated and emotional decisions for many in our community, the members of which hold diverse opinions. In addition to the risks stated, we also recognize the physical distance between Istanbul and the heart of this conflict, and that a thriving local community has been active and positive every step of the way. In this process, we’ve heard feedback from the perspectives of those that would be impacted personally, team members that are in conflict zones, organizing teams, and others that have spent their year working toward these events.

We will continue to provide updates as regional conditions clarify. Thank you for your continued patience during this complicated time.

]]> https://earlybirdsinvest.com/update-advisory-on-recent-events-and-potential-travel-considerations/feed/ 0 26077 Uniswap founder criticizes Ethereum Foundation’s new advisory group amid community concerns https://earlybirdsinvest.com/uniswap-founder-criticizes-ethereum-foundations-new-advisory-group-amid-community-concerns/ https://earlybirdsinvest.com/uniswap-founder-criticizes-ethereum-foundations-new-advisory-group-amid-community-concerns/#respond Sat, 01 Mar 2025 05:45:23 +0000 https://earlybirdsinvest.com/uniswap-founder-criticizes-ethereum-foundations-new-advisory-group-amid-community-concerns/

Uniswap founder Hayden Adams criticized the newly founded Ethereum Foundation’s (EF) advisory group, titled “Silviculture Society.”

He said the initiative was not what the community was looking for and called on the Foundation to improve its communication by taking a clearer and more direct approach.

He said in a Feb. 28 X post:

“Honest, direct feedback: flowery language and a counsel of random people on twitter is not what people have been asking for.”

Adams added that he is not criticizing the 15 names chosen for the advisory group but rather the idea and message behind the initiative, which he believes does not allay the community’s recent concerns.

The Ethereum community has voiced concerns over the perceived disconnect between the Foundation’s current initiatives and the practical, transparent communication they expect.

There is also unease about the ongoing structural changes and treasury management practices, which many feel have direct implications on ETH’s market performance.

Direct and clear communication

According to an EF statement, the Silviculture Society comprises names from outside the Foundation who have been picked to provide “informal counsel.” The goal is to ensure the Foundation maintains its “core values of open source, privacy, security, and censorship resistance.”

Vitalik Buterin, Ethereum’s (ETH) co-founder, responded to Adams’ post, saying:

“It is an experimental effort to create more channels for builders and other community voices to influence the EF, and in this case the scope is core cypherpunk and regen values. They have already given advice on timely and critical topics such as wallet security.”

He added that the EF does not pay the Silviculture Society, and the group has a one-year term. Additionally, Buterin shared that more initiatives and structures will be formed to capture community feedback.

Following Buterin’s explanation, Adams called the initiative “reasonable.” However, reiterated that EF needs to communicate in a “more direct and clear” format like Buterin’s response.

Restructuring efforts

The creation of the Silviculture Society comes amid a broad movement to restructure the Ethereum Foundation, which has consequently led to concerns among the community regarding its stability and long-term vision.

On Feb. 25, Aya Miyaguchi stepped down from her role as EF executive director and moved to a new position as the Foundation’s president. The Foundation has yet to name a replacement.

Miyaguchi and Buterin also mentioned creating a new “leadership structure” for EF but did not share further details about the plan.

The community has scrutinized the EF over the past few months for ETH’s underperformance in 2024 compared to other major cryptocurrencies. 

The frequent selling of ETH raised questions about the effectiveness of the EF’s treasury management, as the public realization of these assets has impacted ETH’s price.

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Blocscale
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