Market News Today — AI-Curated Stock & Crypto Headlines

Trove investors are upset after the team kept $9M and the new token tanked 95% following a last-minute decision to pivot from Hyperliquid to Solana, upsetting initial backers.

Kaito is discontinuing its 'Yaps' product due to X's revised API policies, leading to a 17% drop in token value.

A smart-contract exploit on Truebit resulted in a $26 million loss, causing the TRU token price to plummet by 99%.

New York City Mayor Eric Adams is facing allegations of a potential rug pull after a wallet linked to the NYC Token removed $2.5 million in liquidity, sparking concerns about the token's legitimacy.

The memecoin market experienced a tough year in 2025, with a record 11.6 million tokens failing due to the proliferation of low-effort coins from launchpads like pump.fun.

The Optimism protocol has proposed a new plan to tie the value of its OP token to network performance by using half of Superchain fee revenue for systematic token buybacks.

Solana Mobile is launching the SKR token for its Seeker phone on Jan.

Wyoming has launched a state-backed stablecoin called FRNT, marking the first fiat-backed stable token issued by a US public entity.

Aptos' APT token declined in value due to its correlation with the broader crypto market, which experienced a downturn in quiet trading conditions.

JPMorgan is expanding its JPM Coin initiative by launching a US dollar deposit token on the Canton Network, marking a new phase in the project's development.

New crypto tokens have underperformed in 2025 due to a combination of factors including early liquidity issues, weak utility, and misaligned distribution, leading to a risk-averse market.

Filecoin's storage token saw a significant surge in trading activity, with volumes more than double its 30-day average, indicating increased investor interest.