Former New York City Mayor Eric Adams is in hot water after promoting a crypto asset that suffered a massive price drop shortly after its launch. Adams introduced the memecoin NYC Token as a crypto asset with a cause. “Proud to launch @buynyctoken, a new token built to fight the rapid spread of antisemitism and
Coinbase CEO Brian Armstrong says he can’t support a major crypto bill making its way through Congress in its current form. Armstrong says he believes the latest version of the Clarity Act is worse than the current status quo. He cites multiple key features that are a no go for the largest US crypto exchange.
The crypto asset of a decentralized exchange on the Solana (SOL) network is seeing significant price gains after receiving trading support from Coinbase. Raydium (RAY) is currently trading for $1.25, up by 6.8% over the past 24 hours, following Coinbase’s announcement that the altcoin can now be traded on its platform. Says Coinbase on the
Polygon Labs says it has signed definitive agreements to acquire a pair of US-regulated crypto payments firms. Polygon says it’s buying the digital asset payments platform Coinme and wallet infrastructure provider Sequence for more than $250 million. The deal aims to build the Polygon Open Money Stack to enable compliant stablecoin payments at global scale.
More than $182 million worth of USDT stablecoins have been frozen on the Tron blockchain amid suspected scam activity. In a series of alerts fshared on X by Whale Alert, blockchain trackers reported that multiple Tron-based addresses holding large USDT balances were frozen, totaling roughly $182 million. The largest single address held more than 50
Coinbase CEO Brian Armstrong says a nascent crypto sector could mirror the explosive growth of stablecoins, calling the opportunity “huge” as blockchain technology continues to reduce friction in global markets. In a new discussion hosted by Goldman Sachs, Armstrong points to the rise of stablecoins as a case study. He notes that while early critics questioned
Institutional investors are once again selling Bitcoin and crypto investment projects. After an opening week of inflows, digital asset products saw $454 million in outflows for the week ending January 10th, according to CoinShares. This reversed much of the $1.5 billion gains from early January, driven by fears over delayed Federal Reserve rate cuts. Bitcoin
Story traded at lows of around $2.12 on Monday but has since staged a sharp recovery. IP rose to above $2.65, with trading volume spiking over 400% to $198 million. Buyers may ride bullish sentiment to target $3 or higher. IP, the native token of the Story Protocol, has outperformed top altcoins in the past
Sky token price dropped over 5% as altcoins struggled. The token could fall further amid broader market weakness. Anchorage Digital has reportedly transferred over 69 million SKY tokens. Sky (SKY), the governance asset of the decentralized Sky Protocol (formerly MakerDAO), has dropped by over 5% in the past 24 hours as major cryptocurrencies face downward
Video-sharing platform Rumble is partnering with stablecoin issuer Tether to launch a new crypto wallet aimed at enabling direct payments to creators in Bitcoin (BTC) and other digital assets. According to a company announcement, the wallet, called Rumble Wallet, is integrated directly into the Rumble platform and allows users to tip creators using Bitcoin, Tether’s
