It’s fair to say, we’re off to a pretty hot start to the year. That’s both the crypto market, and
that’s also what we’re cooking up here at CryptoSlam.
For now our lips are sealed, but right now is the best time for you to sign up for the Ethoswarm waitlist. And make sure you tune into SLAM Nation daily so you don’t miss any of the hot topics and market action this year. Catch SLAM Nation live every Monday through Friday at 9am ET on the SLAM Nation X account here.
If you want to appear on the show and tap into SLAMai data, come join us in SLAM Nation today! Join here.
Will We Get Crypto Clarity? SEC Chair Paul Atkins says “this is a big week for crypto” as the Clarity Act makes perhaps its final push to be passed. - Thursday is the date set for the Senate Banking Committee’s bill markup, while the Senate Agriculture Committee has pushed its markup to the end of January.
- The latest version of the Clarity Act says companies cannot pay interest to stablecoin holders just for holding balances. This is a win for Big Bank.
- Coinbase is telling the crypto industry to stand down on opposing the stablecoin yield language, as it
still offers yield for staking, transacting, and liquidity providing.
- The draft also has clarity on staking + airdrops not being securities by default, and draws the
line between the SEC and CFTC.
- Tokens will be classified as non-ancillary assets if they are the main asset of an ETF listed on
a national securities exchange, and registered under Section 6 of the Securities Exchange Act.
Eric Adams Launches a New York City Token 
It’s a new year, but we’re running back the same memecoin playbook as last year, with major politicians launching tokens. - Former NYC mayor Eric Adams launched a memecoin called New York City Token.
- The token was launched to help raise funds and awareness around antisemitism and anti-Americanism.
- The NYC Token ripped to a $600M market cap before plummeting to under $40M.
- Mayor Adams is being accused of pulling over $1M in liquidity from the LP, which led to the token
price falling 90%.
- The team has added new funds to the LP after severe backlash from the community, but the coin has
not yet recovered.
- Adams is estimated to have made roughly $3.5M via fees and money pulled from the
LP.
AI 
The AI market is down -1.10% in the past 7 days to a $6.29B market cap. Top token movers include OPEN (+131.1%), VVV (+25.72%), REKT (+6.69%), FET (+2.41%), and FARTCOIN (+2.02%). - Google announced a new agentic payment system called Universal Commerce Protocol, which is a
competitor to x402.
- Virtuals had its first ever Pegasus launch with the launch of Wasabi Protocol’s Wasabot, and its first Titan launch is coming in February.
- Reppo teased a new bribing mechanic coming to Reppo V2, allowing users to bribe voters to vote for
subnets with higher fees.
- XMAQUINA sold out their DEUS token presale, with over $3M VIRTUAL swapped in just 15 minutes,
and $10M raised in total.
- Apple and Google entered a multi-year partnership to power Apple Foundation Models with Google’s
Gemini models.
NFTs 
- NFT sales fell off hard the first full week of January, down -31.42% to a fresh 5 year low of
$53.96M. The same declines extend to transactions, which are down -12.54% (576K), average sale price - 21.58% ($93.67), buyers -8.38% (115K), and sellers -5.76% (98K). Trade profits were the only positive area of the market, up 75.61%, but still coming in negative at -$4.72M.
- Good Vibes Club is becoming an elite NFT collection this week after a flurry of iconic collectors
entering the community (Gary V, and Adam Weitsman), and big sales flooding the timeline. A 1/1 Vibefoot NFT sold for 50.25 ETH, Bad Vibes Guy 1/1 for 21.5 ETH, Jelly 1/1 for 20 ETH, and Chill Vibes Guy 1/1 for 19.69 ETH.
- The rarest CryptoPunk NFT has been refinanced at $2.7M after its loan on Gondi came within 6 hours of
being defaulted on.
- Yuga Labs dropped an animated trailer announcing that their IRL Bored Ape Yacht Clubhouse will be
opening in Miami this year.
- RektDrinks sold out all cases of their Worldstar Cherry Cola drink in under 24
hours.
- Takashi Murakami was featured on the cover of NFT Magazine and described why he continues to focus on
NFTs.
- Former Nike owned NFT project, RTFKT, has been sold to an unknown buyer as of
December.
- Memeland teases upgraded art for their Captainz NFT collection.
Top Gainers 7d IP - $3.80 (+87.7%)
XMR - $666.73 (+49.1%)
MYX - $6.09 (+26.6%)
POL - $0.1579 (+25.6%)
PUMP - $0.002625 (+10.4%)
Top Losers 7d
HASH - $0.02109 (-28.3%)
ZEC - $388.54 (-21.9%)
NIGHT -
$0.06758 (-12.0%)
MNT - $0.9691 (-11.3%)
HYPE - $24.90 (-8.4%) |
