Mantra, a blockchain project focused on real-world assets (RWAs), is restructuring its operations after what its leadership described as the most difficult year in the company’s history, marked by a sharp token collapse and prolonged market pressure.

Former New York City Mayor Eric Adams launched a NYC meme coin on Monday, which surged to a $580 million market cap before crashing 81% to $110 million as a wallet linked to the deployer pulled $2.5 million in liquidity at the peak.

JPMorgan and Digital Asset will launch JPM Coin on the Canton Network, offering regulated, near-instant transfers for institutions.

Investors are accusing former New York City Mayor Eric Adams of a cash grab following his introduction of a memecoin aimed at fighting antisemitism. Adams announced the “NYC Token” on Monday in a video posted to X,