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Former New York mayor Eric Adams’ new NYC token fell more than 81% within about 30 minutes of its Jan. 12 launch on Solana, wiping out roughly $500 million in peak paper value.The token briefly reached an estimated market cap of $540 million–$600 million.Adams unveiled the project at a Times Square event about 12 days after leaving office and tied the token to funding blockchain education and combating antisemitism.The launch was promoted through his verified X account and later annotated by X Community Notes with a “rug pull” warning.Adams framed the venture as part of an effort to counter antisemitism.On-chain…

The latest version of a Senate market structure bill bans passive yield on stablecoin holdings.But it protects certain software developers from prosecution under money transmission laws.A version under negotiation in the Senate’s Agriculture Committee will be filed before the end of the month.Stablecoin issuers will be forbidden from paying passive yield under the latest version of a landmark crypto bill filed by US Senators on Monday night, marking a major victory for banks that had warned the tokens could undermine their ability to lend to businesses and homebuyers.But it includes significant protections for software developers such as Tornado Cash co-founder…

On Jan. 13, the US Senate Banking Committee released the full text of the highly anticipated Digital Asset Market Clarity Act (CLARITY) ahead of its expected markup this week.The 278-page draft abandons the strategy of picking winners on a token-by-token basis. Instead, it constructs a comprehensive “lane system” that assigns jurisdiction based on the functional lifecycle of a digital asset.Speaking on the legislation, Senate Banking Committee Chairman Tim Scott said:“[This legislation] gives everyday Americans the protections and certainty they deserve. Investors and innovators can’t wait forever while Washington stands still, and bad actors exploit the system. This legislation puts Main…

Binance continued to dominate in 2025, as it captured over 40% of spot and Bitcoin perpetual volumes across major global exchanges. Crypto exchange activity diverged sharply in 2025, as spot market growth slowed down while derivatives trading continued to expand at a strong pace. Total spot trading volume reached $18.6 trillion. This represented a 9% year-on-year increase, but it is a significant deceleration from the 154% growth recorded in 2024. Crypto Exchange Activity According to CryptoQuant, perpetual futures activity, in contrast, rose 29% year-on-year to $61.7 trillion, after adding $13.8 trillion in volume compared with the previous year. Spot trading…

The firm cited SEC filings showing the ex-director previously served as Vice Chairman of 10X, challenging claims of board independence. YZi Labs has escalated its public dispute with BNC’s board by questioning the independence of a former director, who is accused of being linked to the company’s asset manager, 10X Capital. This disclosure comes amid allegations that the group is engaging in entrenchment and attempting to silence investor voices. Former BNC Director Linked to 10X Capital In its latest statement shared on X, YZi Labs emphasized that transparency is “non-negotiable,” as it highlighted what it described as undisclosed ties between…

On-chain data revealed that a wallet linked to the token’s deployer removed $2.5 million in liquidity, prompting accusations of a possible rug pull.

The US banking industry has been pushing “myths” about stablecoin yields to protect itself, and Congress should prioritize consumers rather than highly profitable banks, argues crypto lecturer and author Omid Malekan. “I am disappointed that market structure legislation seems to be held up by the stablecoin yield issue. Most of the concerns bouncing around Washington are based on unsubstantiated myths,” said Adjunct Professor at Columbia Business School, Omid Malekan, on Monday. He stated that the passage of crypto market structure legislation in Washington “now seems to partially depend on the question of whether stablecoin issuers should be able to share their economics…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Ethereum’s current strength is largely linked to its network performance and activity, which has been demonstrating robust growth. While the leading blockchain has witnessed sharp growth in several key areas, one area is currently standing out, and that is the economic activity on the network. A Divergence Between Ethereum’s Real Activity And Price With the broader cryptocurrency landscape evolving, Milk Road, a market expert and trader, has revealed that the Ethereum network is showcasing signs of robust strength. When compared to its recent price performance, the leading…

The debut of Polymarket probabilities on Sunday’s Golden Globes broadcast put the brand in front of millions of viewers As usual, Sunday’s Golden Globes inspired a lot of reactions on social media, as many posters offered their takes on award winners and various happenings during the ceremony. But a new feature of this year’s broadcast of the awards show on CBS and Paramount+ was the focus of many comments. Polymarket announced on Friday that it had struck a deal with the Golden Globes to become the awards show’s exclusive prediction market partner. While the news release announcing the agreement suggested that odds…

Join Our Telegram channel to stay up to date on breaking news coverage In early 2026, the global non-fungible token market is showing some tentative signs of a rebound following several months of decline. Despite the total annual transaction volumes for 2025 and market capitalization dropping to approximately $5.5 billion and $1.9 billion, the recent weekly data indicate a localized recovery. Over the past 24 hours, the total NFT market cap has increased to $3.3 billion for the first time in months. NFT Market Cap Has Surpassed +$3.3B Data compiled by NFTPriceFloor, one of the leading non-fungible token data explorers…