Daily Edition · Page 6

THE DAILY INDEX

Technology, AI, software, security, crypto and business

MARKETS & BUSINESS

TLDR Crypto

NYC MAYOR ERIC ADAMS WANTS LONG-TERM VALUE WITH CRYPTO, NOT TO CHASE 'MEMES'

Mayor Eric Adams announced a focus on sustainable, long-term value from crypto and blockchain for New Yorkers rather than chasing fleeting memes and trends. He and city CTO Matt Fraser will host NYC's inaugural crypto summit on May 20 to drive industry collaboration and growth. Fraser emphasized blockchain's potential to democratize access to public records like birth and death certificates.

COLUMN LAUNCHES REAL-TIME PAYMENTS VIA FEDNOW AND RTP NETWORKS

Column has rolled out real-time payments across both the Federal Reserve's FedNow Service and The Clearing House's RTP network, enabling 24/7/365 instant transfers that settle in seconds. These rails support high-value, final, and irrevocable transactions cheaper than wires and faster than ACH, accessible through the same account and routing numbers. With over 1,600 U.S. banks now supporting these rails, Column reports it is already the largest real-time payments transactor in the country.

HOW TO BENCHMARK YOUR PORTFOLIO

Crypto investors routinely deceive themselves by rounding returns, ignoring fees, and molding data to feel successful, making thorough record-keeping and predefined KPIs essential. Measuring performance against proper benchmarks like BTC and SPY and risk-adjusted metrics like the Sharpe ratio is vital to reveal actual performance. Investors can avoid emotional biases by setting honest risk premiums, factoring in probabilities of various losses, and separating portfolio logs from net-worth tracking.

PRINCIPLES OF EIP STEWARDSHIP

13 months of EIP 5792 development led to five principles: ship prototypes early, persist through reviews, engage stakeholders, cultivate champions, and make decisive progress. For 5792 specifically, showcasing early demos of batch and sponsored RPC methods secured support from MetaMask, Ambire, and first-party viem/wagmi libraries within weeks. Iterative stakeholder feedback (e.g., adding EOA support) and champion advocacy (e.g., jxom's viem/wagmi integration) amplified adoption.

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