Tag: Token

Ex-NYC Mayor Eric Adams denies profiting from NYC Token chaos

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Key Takeaways Former NYC Mayor Eric Adams denies claims of profiting from NYC Token’s market volatility. Adams’ involvement in the token initiative is aimed at promoting blockchain education, combating hate, and supporting civic projects, not personal enrichment, according to his spokesperson. Share this article Ex-New York City Mayor Eric Adams has pushed back rug pull accusations in connection with the launch of the NYC Token, a digital asset he has publicly supported. In a statement released Wednesday, spokesperson Todd Shapiro said Adams never dipped into investor funds, calling the allegations…

Ex-NYC Mayor Eric Adams Claims He Didn’t Profit From NYC Token

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A spokesperson for former New York City Mayor Eric Adams has refuted accusations that he moved money or profited from the NYC Token, which launched on Monday and plummeted 80% in the first hour of launch.  “To be absolutely clear: Eric Adams did not move investor funds. Eric Adams did not profit from the launch of the NYC Token. No funds were removed from the NYC Token,” Todd Shapiro, a spokesperson for Adams, said in a statement shared to X on Wednesday. Accusations of a potential rug-pull spread after the…

Mantra Restructures, Cuts Staff After OM Token Collapse

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Update Jan. 14, 2:20 pm UTC: This article has been updated to add comments from Manta CEO John Patrick Mullin. Mantra, a blockchain project focused on real-world assets (RWAs), is restructuring its operations after what its leadership described as the most difficult year in the company’s history, marked by a sharp token collapse and prolonged market pressure. On Wednesday, Manta CEO John Patrick Mullin announced that the company would transition to a leaner and more capital-efficient structure following a period of expansion. The changes include job cuts across multiple teams…

Ex-NYC Mayor Eric Adams’ NYC Token tanks over 80% as team allegedly manipulates trading activity

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Key Takeaways NYC Token, endorsed by ex-mayor Eric Adams, saw an 80% value drop shortly after its launch. The token’s initial valuation of $730 million plunged to $111 million in hours. Share this article NYC Token, a Solana-based crypto token launched by ex-New York mayor Eric Adams, lost over 80% of its value shortly after it hit the market. According to GeckoTerminal data, the NYC Token soared to a $730 million valuation but plummeted to $90 million in less than an hour. It has now recovered past $110 million. Adams…

Dubai DIFC Shifts Crypto Token Vetting to Licensed Firms

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The Dubai Financial Services Authority (DFSA) made a major update to its Crypto Token Regulatory Framework, shifting responsibility for crypto token suitability assessments from the regulator to licensed companies operating in the Dubai International Financial Centre (DIFC), Dubai’s financial free economic zone. Under the revised rules, which took effect on Monday, companies providing financial services involving crypto tokens must determine whether tokens they engage with meet the DFSA’s suitability criteria. As part of the change, the DFSA will no longer maintain or publish a list of recognized crypto tokens.  The…

Optimism proposes OP token buybacks using 50% of Superchain revenue

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Key Takeaways Optimism plans to use 50% of Superchain revenue to buy OP tokens, linking token value more directly to network usage. The proposal marks a shift for OP from a governance focused asset toward one aligned with Superchain economic growth. Share this article Optimism Foundation has introduced a governance proposal to use 50% of incoming Superchain revenue to buy OP tokens, marking a shift in how the token captures value from network growth. The proposal follows the rapid expansion of the Superchain, a network of layer two chains built…

Solana Seeker Phone Users Can Claim SKR Token on Jan. 21

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Solana Mobile said its highly anticipated SKR token will launch on Jan. 21, with Solana Seeker smartphone users in the running to claim up to 20% of the token via airdrop. Solana said on Wednesday that SKR would launch on Jan. 21 at 2 am UTC, letting users delegate their tokens to “Guardians” who will secure the Solana network while verifying devices and curating the decentralized app store.  Users will earn rewards in exchange for delegating the tokens and will also be able to access various exclusive in-app features. “SKR will…

Flow Details December Exploit that Led to $3.9M in Counterfeit Token Losses

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The Flow Foundation on Tuesday published a technical post-mortem detailing a protocol-level exploit that occurred on Dec. 27, when an attacker was able to counterfeit tokens on the network, resulting in about $3.9 million in confirmed losses before the exploit was contained. According to the report, the attacker exploited a flaw in Flow’s Cadence runtime that allowed certain assets to be duplicated rather than minted, bypassing supply controls without accessing or draining existing user balances. Validators coordinated a network halt within six hours of the first malicious transaction, while exchange…

Lighter hits $200B in 30-day trading volume, overtaking Hyperliquid amid LIT token launch

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Key Takeaways Lighter achieved a major milestone by reaching $200 billion in a 30-day trading volume, surpassing its rival, Hyperliquid. The trading volume highlight aligns with the launch of Lighter’s LIT utility token. Share this article Lighter, a DEX focused on perpetual futures trading, recorded roughly $200 billion in 30-day trading volume, surpassing Aster and Hyperliquid as activity accelerated around the launch of its LIT token, according to data from DefiLlama. Over the same period, Aster recorded about $173 billion in trading volume, while Hyperliquid saw roughly $165 billion. On…

YZi Labs-backed DEX VOOI adopts Chainlink’s cross-chain token standard for secure transfers

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Key Takeaways VOOI is a decentralized exchange supported by YZi Labs. VOOI integrates Chainlink’s Cross-Chain Token (CCT) standard. Share this article VOOI, a decentralized exchange backed by YZi Labs, has adopted Chainlink’s Cross-Chain Token (CCT) standard for its native token, according to an announcement via Chainlink’s official X account. .@vooi_io has officially adopted the Chainlink Cross-Chain Token (CCT) standard. Now VOOI can move securely across @BNBCHAIN, @ethereum, & @Mantle_Official via CCIP. pic.twitter.com/JF2Fj2w9M6 — Chainlink (@chainlink) December 29, 2025 Chainlink’s CCT standard enables ERC-20-compatible tokens to operate natively across multiple blockchains…