BlockBeats News, January 13 — According to Onchain Lens monitoring, crypto KOL @old (account has been banned) spent 820,000 USDC to purchase 6.98 million NYC in the past 4 hours. They currently still hold 203,000 USDC and may continue to buy.
Previously reported, former New York City Mayor Eric Adams announced the launch of the “NYC” token after leaving office, stating that the project aims to raise funds to combat anti-Semitism, anti-American sentiments, and promote children’s blockchain education. Adams introduced the token to the public at Times Square but did not disclose partners, issuance date, fund usage, or specific mechanisms, only stating that ordinary New Yorkers can participate in the investment.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Y Combinator USDC investment on Solana
Y Combinator has completed its first venture capital investment paid entirely in stablecoins, settling $500,000 in USDC on the Solana blockchain for prediction-markets startup Totalis. The transaction, reported on April 13, 2026, marks a concrete shift in how the world’s most influential startup
CoincuInsights2h ago
Criticized for freezing USDC too slowly! Circle CEO: We will definitely wait for the court’s order before freezing—refusing to freeze privately/by ourselves without authorization
Circle CEO Jeremy Allaire said the company will not proactively freeze wallet addresses unless it receives a court order or a request from law enforcement. Even amid hacker money-laundering disputes and community backlash, Circle still insists on operating in accordance with the rule of law.
Jeremy Allaire sets Circle’s law-enforcement bottom line
-----------------------------
As the global cryptocurrency market roils, Circle’s CEO Jeremy Allaire, the stablecoin issuer, delivered a clear stance on the most sensitive issue in the market at a press conference in Seoul, South Korea. He pointed out that although Circle has the technical means to freeze specific wallet addresses, unless it receives a court order or a formal instruction from law-enforcement authorities, the company will not take such action on its own.
CryptoCity2h ago
USDC Treasury Mints 250 Million USDC on Ethereum Network
On April 15, 2025, the USDC Treasury minted 250 million USDC on Ethereum, indicating potential institutional demand. USDC is backed by dollar reserves and operates under regulatory frameworks like the U.S. Stablecoin Act of 2024.
GateNews4h ago
Circle Mints 750M USDC on Solana in Past 24 Hours
Gate News message, April 15 — Stablecoin issuer Circle minted 750 million USDC on the Solana blockchain in the past 24 hours.
GateNews5h ago
Criticized for freezing USDC too slowly! Circle CEO: We will definitely wait for a court order to freeze it—refusing to freeze it on our own
Circle CEO Jeremy Allaire said that unless it receives a court order or a law-enforcement request, the company will not proactively freeze wallet addresses. Even amid disputes over hackers allegedly laundering money and backlash from the community, Circle remains committed to operating in accordance with the rule of law.
Jeremy Allaire sets Circle’s law-enforcement bottom line
-----------------------------
As developments surge across the global cryptocurrency market, at a press conference in Seoul, South Korea, Circle’s CEO Jeremy Allaire took a clear stance on the most sensitive issue in the market—“asset freezes.” He noted that while Circle has the technical means to freeze specific wallet addresses, unless it receives a court order or an official instruction from law-enforcement agencies, the company does not
CryptoCity5h ago
