Ex-New York City Mayor Eric Adams, known as the pro-crypto “Bitcoin Mayor,” launched the $NYC token on January 12, 2026, in Times Square via X. He pledged 70 percent of the token supply to a reserve wallet to support causes like fighting antisemitism, anti-Americanism, HBCUs, and youth scholarships. The memecoin quickly reached a $600 million market cap before plummeting over 80 percent to around $108 million, amid liquidity withdrawals and top wallets taking $1 to $2.5 million in profits. On-chain analysis revealed heavy concentration among early holders and red flags for potential rug pulls. Fake clones also appeared on Pump.fun, and Adams has remained silent since the crash, highlighting the risks of memecoins even with celebrity backing.
US President Donald Trump is reportedly coordinating efforts with Israeli officials and tech specialists to…
PIPPIN price is beginning to show real signs of strength after successfully flipping a former…
On February 23, the Trump-backed decentralized finance (DeFi) protocol World Liberty Financial reported that hackers…
While many people are still looking at older projects, a new wave of smart capital…
Ripple has always said it wants to fix one of banking’s biggest problems: slow and…
According to new research from Standard Chartered, the companies behind stablecoins are on track to…
