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Eric Adams’ NYC Token crashes as $2.5M liquidity drained in alleged rug pull

The NYC Token, backed by former NYC Mayor Eric Adams, peaked near a $580 million market cap but collapsed to about $130 million after a suspected rug pull; blockchain analytics flagged suspicious activity and a deployer wallet withdrew roughly $2.5 million in liquidity at the peak, with some funds not returned.

17 hours ago•Source: The Verge

Bitcoin's Price Volatility Continues Amidst Fed's Rate Hike Signals.

crypto

0.55 min•2 years ago

Bitcoin's Price Volatility Continues Amidst Fed's Rate Hike Signals.

Bitcoin fell 3% to around $25,068 after the Federal Reserve kept interest rates unchanged but suggested another 50 basis points of rate hikes remain on the table if inflation doesn't slow faster. The cryptocurrency gained more than 56% so far this year but is still down more than 60% from its peak in 2021.

via MarketWatch