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Inside the botched launch of ex-NYC Mayor Eric Adams’ new crypto token
For a moment, Eric Adams was riding high. Fresh off trips to Dubai and the Democratic Republic of Congo, the now jobless ex-mayor of New York City was back in Times Square on Monday to announce his first initiative as a private citizen: a new cryptocurrency coin that would also serve to beat back antisemitism and “anti-Americanism.” “We’re about to change the game,” he promised, without describing how, exactly, the digital asset would support those lofty ambitions. “This thing is going to take off like crazy.” But after surging to a nearly US$600 million valuation within minutes of its launch, the new ... (full story)
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