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New York City former Mayor Eric Adams launches "NYC Token," which quickly surged and then retraced after the initial spike

4 hours ago

Per Fortune, ex-New York City Mayor Eric Adams announced the launch of a cryptocurrency called “NYC Token” following his departure from office, noting the project’s goal is to raise funds to fight anti-Semitism, anti-American sentiment, and expand blockchain education for kids. Adams unveiled the token publicly in Times Square but didn’t disclose partners, an issuance date, how funds will be used, or specific token mechanics—only noting regular New Yorkers can invest in it. During his term, Adams was a vocal supporter of the crypto industry but faced heavy controversy over ethics and conflict-of-interest issues. New York’s new mayor, Zohran Mamdani, has explicitly stated he won’t buy the token. **Per Eric Adams’ X account, the NYC Token reportedly launched on the Solana network roughly an hour ago—its market cap briefly spiked to $200 million before quickly falling back to $93.98 million.** BlockBeats is warning users the token’s authenticity remains unconfirmed, celebrity-backed coins are extremely volatile, and risks are high—so investors should exercise caution.
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「100% Win Rate Whale's ETH Short Hedge」 Adds $14.8M to Bitcoin Long, Bringing Position to $26.3M

January 13th — Per data from Hyperinsight monitoring (via https://t.me/HyperInsight), over the past 10 hours, the whale known for its 100% win rate in ETH long-short trades has been steadily adding to its BTC short position. The whale has accumulated ~161 BTC (valued at ~$14.8 million) with an average entry price of $91,700, bringing the total position size to $26.3 million. Its liquidation price is set at $119,000, and the position holds a slight unrealized profit. Additionally, the whale maintains an ETH long position worth ~$52.7 million, currently showing an unrealized loss of $1.64 million. This address first began trading on Hyperliquid on October 28th, when it boldly opened a 10x-leveraged ETH short position (size: $50 million) and locked in a profit. The “100% Win Rate Whale” — once suspected of insider trading — has now expanded its ETH long position to $196 million.

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Binance Will Delist AUDIO/BTC, SUSHI/BTC Leveraged Tokens

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The South Korean Digital Asset Exchange Association (DAXA) Opposes Government's Proposed Ownership Cap

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Bitwise CIO: If the CLARITY Act is successfully passed and enacted into law, the cryptocurrency market could hit a new all-time high

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ZKSync Releases 2026 Roadmap: Prividium to Integrate Enterprise Systems and Workflows, ZK Stack from Standalone Chain to Collaborative System

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Two U.S. Senators from Major Parties Propose Outlining Legal Liability for Crypto Developers

On January 13, Decrypt reported that U.S. Senators Cynthia Lummis and Ron Wyden have reintroduced a bipartisan bill aimed at clarifying when cryptocurrency developers and infrastructure providers would qualify as money transmitters under federal law. Dubbed the Blockchain Regulatory Certainty Act, the legislation seeks to distinguish blockchain software creators and maintainers from financial intermediaries that control customer funds. Under the proposal, developers and infrastructure providers would be excluded from the federal money transmitter definition if they lack the legal right or unilateral ability to move users’ digital assets. Lummis noted that developers who only write code and maintain open-source infrastructure should not be classified as money transmitters—so long as they do not touch, control, or access users’ funds. Wyden added that applying the same rules to code writers as to exchanges or brokers is technically unfeasible and could infringe on privacy and free spe

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