Project Updates

Former New York City Mayor Rug Pulls Community? Eric Adams’ NYC Token Plunges 81%

Former New York City Mayor Eric Adams launched the "NYC Token" on January 12, promoting it as a crypto initiative to fund social causes like combating antisemitism and supporting blockchain education without raising taxes. The token initially surged to a market cap of nearly $600 million shortly after launch. However, it crashed by approximately 81% about 30 minutes later, losing around $500 million in value. On-chain data suggests a wallet linked to the token's deployer removed over $2 million in liquidity, leading to accusations of a "rug pull." This controversy adds to Adams' history of crypto-related scrutiny, including past failures to disclose crypto holdings and using a city-funded trip for political fundraising.

ccn.com01/13 08:18

After Stepping Down as Mayor of New York, He Turned to Selling Cryptocurrency

marsbit01/13 08:10

Eight Years Later, Behind Monero's New High, the Privacy Narrative Is Returning to the Core of Crypto

Amidst market volatility and fleeting meme coin trends, privacy is re-emerging as a core narrative in crypto. Monero (XMR) recently broke its 8-year all-time high, surging over 500% since early 2024, symbolizing a return to privacy-first principles. Its design, featuring ring signatures, stealth addresses, and RingCT, ensures strong anonymity by default. Zcash (ZEC) initially led this privacy resurgence but faced a governance crisis when its development team, ECC, collectively resigned due to disputes with the Bootstrap board, causing a 40% price drop. Despite this, Zcash remains a decentralized protocol. Other projects are expanding privacy beyond transactions. Humanity Protocol uses palm recognition and zero-knowledge proofs to create a private digital identity system, partnering with Mastercard. Railgun acts as a private wallet layer for DeFi, allowing anonymous interactions with smart contracts, with Vitalik Buterin among its users. Pirate Chain enforces 100% privacy using zk-SNARKs. Tornado Cash, despite U.S. sanctions and legal battles, saw significant ETH inflows in 2025, showing persistent demand for privacy. Dusk Network takes a compliance-friendly approach, offering auditable privacy for regulated assets like RWA, aligning with EU regulations. This shift indicates privacy is evolving from a niche tool into essential infrastructure for crypto's sustainable growth.

Odaily星球日报01/13 07:44

Why Do Chinese Memes Lack Staying Power?

Chinese meme coins on BSC experienced a brief surge in early January 2026, led by tokens like “我踏马来了” (I’m F*cking Coming) and “老子” (Laozi), but quickly lost momentum within days. The rally, initially sparked by a tweet from He Yi (Binance co-founder), reflected a recurring pattern within the BSC ecosystem—dubbed “Shandongology”—where meme tokens gain traction through perceived endorsements from CZ or He Yi, even without direct involvement. This culture has led to growing community fatigue and internal division. Many participants expressed resistance to what they see as excessive sycophancy, undermining cohesion and diverting attention from organic meme culture. Unlike the October 2025 wave, which attracted global interest and cross-chain engagement, this surge failed to gain significant traction outside Chinese-speaking communities, limiting liquidity and buyer diversity. Moreover, Chinese meme coins are no longer novel. While they’ve become a recurring category within crypto, their reliance on “Shandongology” and lack of independent cultural identity make them highly susceptible to short-lived hype cycles. Tokens that fail to evolve beyond influencer-driven narratives tend to fade quickly, reinforcing a “pump-and-dump” pattern that shortens each meme cycle.

Odaily星球日报01/13 07:19

Crypto And Stocks Get Smarter As X Rolls Out Smart Cashtags

bitcoinist01/13 03:02

CEO Of Largest XRP Treasury Company Shares The Real Truth Behind What It Does

Asheesh Birla, CEO of Evernorth, the largest XRP treasury company, explains the firm's unique focus on both building within the XRP ecosystem and deploying capital to generate yields through DeFi protocols. Unlike other digital asset treasury companies that primarily offer crypto exposure, Evernorth provides technical and financial support to grow the XRP Ledger (XRPL). Backed by Ripple, the company recently partnered with Doppler to advance institutional liquidity on XRPL. Birla highlights XRPL's suitability for institutional DeFi and announces plans to expand partnerships in Japan and South Korea, while continuing to work with developers on institutional lending solutions. He believes companies that build within crypto ecosystems will endure, even as some competitors fail. XRP is currently trading around $2.08.

bitcoinist01/12 15:05

Crypto.com US$250,000 Airdrop Event, Win SOL in Airdrop Arena

Crypto.com has launched a US$250,000 SOL airdrop campaign through Airdrop Arena, running from 1 to 31 January 2026. Users can earn points by allocating CRO, with the first 10,000 participants receiving a 120% points boost. An additional daily boost is available for those who purchase at least 1,500 CRO before allocation. Participation is via the Crypto.com app with no trading required. Allocated CRO is locked for 6 months but can be left staked for future events. SOL rewards are distributed within 7 days post-campaign, either directly or via Loot Locker. The campaign emphasizes passive rewards and long-term engagement, leveraging Solana's market appeal.

bitcoinist01/12 13:56

Cardano Founder Hints at Bitcoin and XRP DeFi Support via Midnight Protocol

Charles Hoskinson, founder of Cardano, has proposed enabling DeFi services for Bitcoin and XRP through the Midnight Protocol, a privacy-focused sister chain to Cardano. Launched in late 2025, Midnight utilizes zero-knowledge cryptography and smart contracts to allow external blockchain assets to participate in DeFi without exposing transactional data. It acts as a bridging layer, providing privacy for cross-chain connections and enabling lending, borrowing, and yield farming for Bitcoin and XRP holders, who currently lack these options on their native chains. The protocol natively supports wrapped assets, aiming to unlock dormant liquidity from ecosystems without native smart contract support or strong privacy features. This integration aims to expand DeFi beyond chains like Ethereum and Cardano, emphasizing privacy, compliance, and interoperability to drive broader adoption and ecosystem growth.

TheNewsCrypto01/12 12:54

Unitas is Committed to Building a Global Savings Layer for Digital Assets and Compliant High-Yield Stablecoins

Unitas introduces a new market-neutral yield infrastructure standard, aiming to establish a global savings layer and compliant high-yield stablecoin ecosystem. It provides a modular yield service platform that decouples capital access, asset custody, and yield execution, serving both individual and institutional users without taking directional market risk. The core strength lies in its self-developed and self-operated yield engine, which manages the full lifecycle of signal generation, execution, and risk response. Unitas runs multiple market-neutral strategies under a unified risk framework, including delta-neutral liquidity strategies and basis arbitrage, ensuring returns come from market activity rather than price speculation. Built-in risk controls monitor exposures and hedging deviations in real-time, prioritizing stability over speed during volatility. Backed by 24/7 human oversight, the system demonstrated strong performance with a 16.7% net APY and only -0.16% max drawdown in 2025, including zero loss during extreme market conditions. Unitas emphasizes transparency through real-time disclosure of collateral and risk parameters. Future plans include expansion into TradFi, integration with RWA like tokenized stocks and commodities, and serving as a foundational yield layer connecting DeFi and traditional finance.

marsbit01/12 12:20