Former NYC Mayor Rugpulls Memecoin

️ On today's Top Picks:

Crypto News

• Coinbase $COIN may reconsider supporting the Clarity Act if it imposes broader limits on stablecoin rewards; the Clarity Act is scheduled for markup in the last week of January.

• Tennessee Sports Wagering Council sends cease-and-desist letters to Kalshi, Polymarket, & Crypto[.]com; orders them to stop offering sports event contracts to state residents.

• Digital Asset Investment Products saw $454M in outflows last week; Bitcoin $BTC ~$405M outflows, Ethereum $ETH ~$116M outflows, Solana $SOL ~$33M inflows, Ripple $XRP ~$46M inflows.

• Strategy $MSTR buys an additional 13,627 Bitcoin $BTC for ~$1.25B at ~$91,519 per BTC: now holds 687,410 BTC (~$62.8B) acquired for ~$51.8B at ~$75,353 per BTC.

• Bitmine $BMNR buys an additional 24,266 Ethereum $ETH (~$75M); now holds 4,167,768 ETH (~$12.9B) & $988M in USD.

• BTCS $BTCS partners with Spire; to integrate Spire's DA Builder into its Builder+ operations; BTCS currently holds 125,691 Ethereum $ETH (~$390M).

• Sharps Technology $STSS partners with Coinbase $COIN to launch validator on Solana $SOL; Sharps Technology currently holds ~2M SOL (~$278M).

• World Liberty $WLFI launches World Liberty Markets, a crypto lending platform powered by Dolomite $DOLO; the USD1 Points Program is also live on the platform.

• Bitnomial receives no-action letter from US CFTC; to launch prediction markets; to also offer clearing services to partner prediction markets.

• BitGo $BTGO seeks to raise up to ~$200M at a ~$2B valuation in US IPO; to offer 11.8M shares at $15 to $17 per share; to list on the NYSE under the ticker BTGO.

• Bakkt $BKKT to acquire Distributed Technologies Research (DTR) for an undisclosed amount; DTR is a stablecoin payment infrastructure provider founded by Bakkt CEO Akshay Naheta.

• South Korea reportedly lifts ban on corporate crypto investment; now allows listed companies to invest up to 5% of equity in the top 20 cryptocurrencies by market cap.

• X to launch Smart Cashtags next month; allows users to specify the exact asset (or smart contract) when posting a ticker; users will also be able to tap them to see their real-time price along with all mentions of the asset.

Alpha

• ⭐️ Tempo launches mainnet block explorer, though it's password-gated; to potentially launch mainnet soon; Polymarket predicts an ~18% chance Tempo will launch a token by March 31st.

• Nado $INK to end Private Alpha on January 15th; says "When it does, every trader will need to make a choice"; Nado users will be eligible for the upcoming Ink airdrop.

• ICYMI Tydro $INK to take Season 1 snapshot "in the coming days"; Tydro points holders will be eligible for the upcoming Ink airdrop.

• Kraken launches Inky, an onchain trading games mobile app; currently available on both Apple's App Store & Google's Play Store.

• Probable launches Points Program; earn points by trading prediction markets and/or by referring friends; Probable was incubated by PancakeSwap & YZi Labs.

• Jumper teases "Tomorrow" & "Jump Further" on X; to launch new product offering "...beyond a swap-only experience and into something that supports the full capital journey."

• Octant to close Epoch 10 allocation window on January 20th; cohort includes Protocol Guild, Solidity, The Tor Project, Revoke[.]cash, ZachXBT, among others.

Airdrops

• Fogo $FOGO to launch airdrop on January 15th (delayed from January 13th); Fogo Flames (points) holders & more will be eligible.

• Rainbow $RNBW to launch airdrop on February 5th (~24 days); Rainbow Points holders will be eligible; snapshot has yet to be taken.

• ICYMI Backpack teases "What's the ticker?" on X; to potentially launch TGE & airdrop soon.

• ICYMI Seeker $SKR (Solana Mobile) to launch airdrop on January 21st; Seeker users & developers will be eligible.

• ICYMI Cap $CAP launches 'Cap Labs Limited' X account for "token-related information"; to potentially launch TGE & airdrop soon.

• ICYMI Mezo $MEZO to close airdrop registration soon; Mezo Mats (points) holders & Mezo Bitcoin borrowers are eligible.

• ICYMI Brevis $BREV launches airdrop claim; registration closed on January 3rd though unregistered users may still be eligible; Linea Ignition participants may also be eligible.

Finance News

• ⭐️ US DOJ probes Federal Reserve Chair Jerome Powell over whether he misled Congress about the scope and cost of the Fed's headquarters renovation; Powell says the probe stems from refusing to follow President Trump's interest rate demands.

• ⭐️ US Supreme Court to issue ruling on the legality of President Trump's tariffs as soon as January 14th; Polymarket predicts a ~28% chance the Supreme Court rules in favor of Trump's tariffs.

• US & Taiwan near trade deal; agreement reduces US tariffs on Taiwan to 15% & TSMC $TSM would build at least 5 more semiconductor facilities in Arizona.

• US President Trump imposes 25% tariff on any country doing business with Iran; Polymarket predicts a ~20% chance Khamenei will be out as Supreme Leader of Iran by January 31st.

• US Secretary of State Marco Rubio to discuss the "acquisition" of Greenland with officials from Denmark & Greenland on January 14th; Polymarket predicts a ~24% chance the US will acquire part of Greenland in 2026.

• US CFTC Chairman Michael Selig launches the CFTC Innovation Advisory Committee (IAC); IAC "to gather expertise and recommendations on innovation in financial markets."

• US Bill (Stop Insider Trading Act) to ban members of Congress from trading stocks scheduled for markup on January 14th; Polymarket predicts a ~25% chance Congress is banned from trading stocks before 2027.

• S&P 500 $SPX closes at new all-time; Gold $XAU & Silver $XAG also reach new all-time highs; notably, global central banks bought 45 tonnes of gold in November 2025.

• US Banks & Credit Issuer stocks lose ~$100B in market cap following President Trump's calls for a 10% cap on credit card interest rates for one year; cap to go into effect on January 20th.

• OpenAI acquires healthcare startup Torch for an undisclosed amount; Torch Team to help build ChatGPT Health.

• Apple $AAPL & Google $GOOGL announce multi-year collaboration; Google Gemini to power Apple Intelligence features and a more personalized Siri coming this year.

• Key Events This Week: December CPI Inflation data on January 13th, November PPI Inflation data on & US Supreme Court Tariff ruling on January 14th.

• Q4 Earnings This Week: JPMorgan Chase $JPM, BNY Mellon $BK on January 13th, Bank of America $BAC, Wells Fargo $WFC, Citigroup $C on January 14th, Morgan Stanley $MS, Goldman Sachs $GS, BlackRock $BLK on January 15th, & PNC Financial $PNC on January 16th.

Security and Exploits

• ⭐️ Former NYC Mayor Eric Adams launches & allegedly rugpulls memecoin; the $NYC token reached ~$600M market cap before crashing to ~$100M; Bubblemaps alleges the team extracted over $1M.

• Solana $SOL releases "critical" v3.0.14 update for validators; a post-mortem has yet to be published, but is expected soon.

• ⭐️ Tether freezes $336M of $USDT across five Tron-based wallets; Tether says it "has frozen assets in connection with an ongoing investigation, following a formal request from law enforcement authorities."

• Truebit $TRU hacker deposits all 8,535 Ethereum $ETH (~$26M) into Tornado Cash; team has "engaged additional resources to strengthen tracing and recovery."

• France experiences 3 kidnapping attempts linked to crypto in the last 3 days; notably, a France tax authority employee was arrested in June 2025 for selling information of taxpayers' crypto assets.

• Telegram to add warning when clicking proxy links; attackers are using disguised proxy links to expose victim IP addresses.

• Instagram denies data breach claims; though says "We fixed an issue that allowed an external party to request password reset emails for some Instagram users."

Token Unlocks

• Aptos $APT / ~$20M / JAN 11th
• Starknet $STRK / ~$10M / JAN 15th
• Sei $SEI / ~$7M / JAN 15th
Sourced from Tokenomist

Funding

• VelaFi raises $20M in Series B funding led by XVC & Ikuyo.

• KOLECT raises $1.2M in Pre-Seed funding led by amber[.]ac.

• Fogo $FOGO raises an undisclosed amount in funding from Robot Ventures.

• ICYMI Rain raises $250M in Series C funding led by ICONIQ Capital.

The Degen Farmer