In this YouTube video, the latest news in the crypto market is discussed, including the decision of NYC mayor, Eric Adams, to take a pay cut as the market collapses. Despite the drop in cryptocurrency prices, Adams has not changed his mind about receiving his first three salaries in Bitcoin and Ethereum. The mayor of New York is paid $5,900 for two weeks, totaling a yearly income of $258,750. Adams did not disclose how much of his paycheck goes towards Bitcoin and Ethereum. However, if the cryptocurrency market continues to decline, the value of Adams’ first paycheck in crypto may diminish quickly. The video also mentions a free ebook on cryptocurrency with tips for getting started, which is available in the description. Overall, the video highlights the impact of the crypto market collapse on NYC mayor Eric Adams’ decision to receive his salary in Bitcoin and Ethereum.
