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Former New York mayor Eric Adams’ new NYC token fell more than 81% within about 30 minutes of its Jan. 12 launch on Solana, wiping out roughly $500 million in peak paper value.The token briefly reached an estimated market cap of $540 million–$600 million.Adams unveiled the project at a Times Square event about 12 days after leaving office and tied the token to funding blockchain education and combating antisemitism.The launch was promoted through his verified X account and later annotated by X Community Notes with a “rug pull” warning.Adams framed the venture as part of an effort to counter antisemitism.On-chain…
In brief Bitcoin rose above $93,000 on Tuesday with trading volume jumping 20% to $88.9 billion. Prediction markets show an 80% probability BTC will reach $100,000 despite defensive trader sentiment. Analysts cite deteriorating spot CVD indicating seller dominance as the Supreme Court weighs Trump tariff decision. Bitcoin has reclaimed $93,000 for the first time in nearly a week, rising more than 2% in the past 24 hours.Earlier this morning, the U.S. reported that consumer prices rose 0.3% in December. In the past year, consumer prices have risen 2.7%, according to the new data from the Bureau of Labor Statistics, with…
In brief In a new investment note, VanEck argued that the four-year Bitcoin cycle has broken, shifting investor focus to institutional flows and macro liquidity over halving narratives. VanEck views gold as a core global currency for portfolios, with pullbacks seen as buying opportunities despite high prices. Political uncertainty, like the DOJ case against the Fed Chair, could accelerate a shift into non-sovereign assets like Bitcoin as a monetary hedge. VanEck’s crypto thesis remains divided in the near term for Bitcoin and the broader crypto market, while issuing a clear risk-on signal for traditional assets such as AI stocks and…
Former Binance CEO, Changpeng Zhao (CZ), recently stated that the UAE generates surplus power in order to cover “three days” of high demand each year, making Bitcoin a buyer of last resort for energy that would otherwise go unused.Stripping away the specifics, the logic holds: mining turns curtailed or stranded electricity into revenue when no other offtaker wants it.The question for 2026 isn’t whether surplus can be mined, but whether that surplus is structural enough to contract, and whether miners can hold their position as AI and high-performance computing push up the clearing price for firm supply.The economics are straightforward.…
In brief A draft version of the”Clarity Act” draft creates a “non-ancillary” legal status for crypto assets that were part of a listed exchange-traded product as of New Year’s Day 2026. Experts say the primary impact would be on institutional compliance and access, not short-term price moves, by providing clear regulatory pathways. The provision’s fate is politically uncertain and would establish a two-tier system, making ETF eligibility a key regulatory strategy for crypto projects. A draft version of a key U.S. Senate bill could grant major cryptocurrencies like XRP, Solana, and Dogecoin significant regulatory relief by placing them in the…
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Bitmine Immersion Technologies has been making a statement with its assertive accumulation and staking of Ethereum. In just a few months, the company has assembled one of the largest known ETH treasuries held by a publicly traded firm, moving steadily toward its stated ambitious goal of controlling 5% of the total Ethereum supply. According to a recent disclosure, Bitmine is now holding about 4.17 million Ethereum (ETH) tokens, which is about 3.45% of the total circulating supply. Furthermore, the company’s total staked ETH tally has now surpassed…
In brief A newly formed black check firm is linked to Kraken. The company seeks a $250 million public offering. Kraken raised $800 million last year. KRAKacquisition Corp., a newly formed special purpose acquisition company (or SPAC), proposed a $250 million public offering in a registration statement filed on Monday.The Cayman Islands-based firm, which is sponsored by an affiliate of crypto exchange Kraken, would offer 25 million units at $10 a piece, according to a document filed with the U.S. Securities and Exchange Commission. The units comprise one Class A share and a fraction of a warrant that allows purchases…
Hello Reader, The shadow economy of FPC Morgantown runs on pouches of mackerel. Yes, the fish. Much like any fiat, or precious metal standard there is no intrinsic value to the currency, to the mackerel. You might be a smart ass thinking to yourself that surely you can eat the mackerel if you wanted and there is some amount of protein that some prison economist has a model for deriving intrinsic value based on caloric density and protein richness. But alas, no. If you have time to read this article, you have time to sign the petition to free Samourai…
January 13th, 2026 – Be’er Sheva, Israel Fors, a prediction market aggregation platform built on Solana, today announced the release of its beta version, designed to address fragmentation and inefficiencies across modern prediction markets. Prediction markets covering multiple categories, including politics, sports, macroeconomic events, cryptocurrencies, and global developments, have expanded rapidly in recent years. However, market data, liquidity, and pricing remain fragmented across isolated platforms, making it difficult for participants to compare outcomes and identify inefficiencies efficiently. Fors addresses this challenge by aggregating multiple prediction venues into a single, unified interface. The platform normalizes probabilities, pricing, and liquidity, allowing users…
The GENIUS Act banned issuer-paid yield, but the Senate markup fight is whether exchanges can keep routing rewards around that restriction, and the answer could decide who controls $6 billion in annual incentives.Senate Banking is scheduled to consider the CLARITY Act on Jan. 15, and the legislative fight has narrowed to a single question with billion-dollar consequences: what counts as a stablecoin “reward,” and who’s allowed to pay it?Bloomberg reported that Coinbase may reconsider its support for CLARITY if the bill’s language moves beyond disclosure requirements to outright restrict rewards, a signal that the industry’s pro-crypto coalition is testing its…
Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. Subscribe to the Morning Minute on Substack.GM!Today’s top news: Crypto majors are green to start week; BTC at $92k Monero (XMR) jumps another 15% and hits new ATH at $680 US Senate releases draft crypto market structure bill, prohibits stablecoin interest Saylor buys $1.25B in Bitcoin, biggest weekly purchase since July Fogo and Football dot Fun both to TGE this Thursday, Jan 15 🧭 Fidelity Digital Assets Releases 2026 Look AheadOne of the biggest players in…
In brief Polygon Labs is acquiring two crypto firms for a combined total of $250 million. They will help power a toolkit for maintaining and moving digital assets. Polygon Labs CEO Marc Boiron emphasized efforts to generate revenue. Polygon Labs signaled on Tuesday that it’s becoming a regulated payments company by acquiring Coinme, a payments platform, and Sequence, an infrastructure firm, for a combined $250 million.Polygon Labs, which established an Ethereum scaling network years ago, said in a press release shared with Decrypt that the acquisitions will help power its new toolkit, which seeks to simplify the process of maintaining…
The bitcoin price briefly climbed above $92,500 today after U.S. inflation data came in line with expectations as markets assessed the Federal Reserve’s policy outlook and rising political tensions surrounding the central bank. The consumer price index rose 2.7% year over year in December, unchanged from November and matching economists’ estimates, according to the Bureau of Labor Statistics. On a month-over-month basis, headline inflation increased 0.3%, also in line with forecasts. Core CPI, which excludes food and energy, rose 2.6% from a year earlier, compared with expectations for 2.7% and a prior reading of 2.6%. Core inflation increased 0.2% month…