The crypto market is surging along with the broader financial market after Treasury Secretary Scott Bessent stated during a closed-door meeting that the trade war between the US and China is unsustainable. Bitcoin (BTC) continued its upward trajectory, crossing $93,000, a key resistance level.

Mantra CEO's token burn aims to restore confidence following OM's price drop, with additional burns planned for ecosystem support.

TAO, the native token of AI-focused blockchain Bittensor, has been causing tension on X between Digital Currency Group founder Barry Silbert and staunch supporters of bitcoin (BTC), the original and largest cryptocurrency.

Mantra founder and CEO John Mullin has begun an $80 million burn of OM tokens to regain users' trust following the token's sudden crash earlier in April. However, the question of the underlying reasons for the OM crash remains unanswered, blockchain investigators told Cointelegraph.Unpacking Mantra's OM crash requires a detailed forensic study rather than just basic blockchain analysis, Natalie Newson, senior blockchain investigator at the blockchain security firm CertiK, said.

Mullin announced he will burn 150 million OM tokens—his entire allocation—worth approximately $82 million. The move aims to show his long-term commitment to building the real-world asset (RWA) Layer 1 blockchain.

Bittensor's (TAO) subnet ecosystem continues to capture attention with its impressive performance amidst broader market volatility. The market cap has shown substantial growth.

The cryptocurrency market is buzzing with excitment as Bitcoin (BTC) eyes $90, Fartcoin (FARTCOIN) experiences a remarkable surge, and Bittensor (TAO) garners attention from industry leaders. Bitcoin, the flagship cryptocurrency, is on the verge of breaking the $90,000 mark, driven by a combination of technical indicators and macroeconomic factors.

John Patrick Mullin, the head of the decentralized finance (DeFi) platform Mantra, has started the process of removing 150 million OM OM tokens from circulation.

A whale's recent deposit of over 1.7 million OM to Binance has sparked sell-off fears just as Mantra CEO John Mullin initiates a 150 million token burn.

Mantra CEO burns 150 million OM tokens to restore trust and value after 90% price crash, with plans for additional burns totaling 300 million tokens.

Mantra, the platform specialized in tokenization of real-world assets (RWA), has announced a burn of 300 million OM tokens, equivalent to approximately 16.5% of the total supply, with an estimated value of 160 million dollars. This decision comes at a critical time for the platform, which has seen its token lose 90% of its value in just one day, April 13, with a market capitalization evaporated by over 5 billion dollars. According to the Mantra team, the main cause of the collapse is attributed to irresponsible liquidations by the exchanges, which triggered a bear spiral.

Mantra, the real-world asset tokenization platform whose OM token crashed earlier this month, is pushing to burn as much as 16.5% of its total supply valued about $160 million to boost staking rewards after talks with key partners.

TAO's sustained rally needs strong spot market demand otherwise it could stall in the short term.

Mantra founder and CEO John Patrick Mullin has started unstaking 150 million of his Mantra (OM) tokens in preparation for sending them to a burn address in an attempt to restore the token's value by tightening supply. Mantra announced on April 21 that the unstaking process had begun, and would be completed by April 29, at which point Mullin's Mantra (OM) tokens will be sent to the burn address and permanently removed from circulating supply.

OM crashed after a $17M whale loss, but signs of recovery might emerge soon.

MANTRA founder and CEO John Patrick Mullin has initiated the burn of his full 150 million OM token allocation, following through on a commitment made last week to bolster transparency and rebuild trust within the community.

South Korea's central bank says it will 'actively participate' in stablecoin legislation development and GSR helps a consumer products firm establish a SOL treasury.

OM price has reacted negatively to MANTRA's new token burn announcement. The team announced a token burn plan that will remove 150 million OM tokens from circulation forever.

TL;DR Mantra will burn 150 million OM tokens belonging to its founder on April 29, aiming to reduce supply and adjust staking rewards. The project is in talks with other ecosystem members to burn an additional 150 million tokens, though there's no confirmed date for this second phase yet.

MANTRA also said it is in talks with ecosystem partners to burn an additional 150 million tokens, bringing the total burn to 16.5% of OM's supply.

MANTRA CEO, JP Mullin, is burning 150 million OM tokens from his own allocation and engaging other ecosystem partners to burn an additional 150 million tokens. This 300 million OM token burn aims to restore investor trust in the project and stabilize the altcoin's price dynamics.

Mantra (OM) will unstake the share of founder John Mullin on April 29, in a bid to recover the market price and reputation.

According to the team, MANTRA CEO and founder John Patrick Mullin is burning his entire 150 million OM token allocation—worth approximately $87 million at current prices—in a bid to restore trust following the token's historic 90% collapse last week. The move comes as OM trades at $0.5832, down 90.4% over the last two weeks.

DeFi protocol MANTRA has begun the process of burning 150 million OM tokens from its team and core contributor allocation.

The crypto market trades in the green today, April 21, with Bitcoin price clinching a three-week high above $87,000, pulling top altcoins up. However, despite the gains, macroeconomic fears still linger due to the ongoing US tariffs, with Japan's recent refusal to concede on all US demands sparking marking anxiety.

TAO may be likely to rally to $373 and $400 next, but traders should be prepared for a pullback.

Barry Silbert, CEO of Digital Currency Group, has stated that Bittensor (TAO) has the potential to outperform Bitcoin (BTC) as a global store of value.

Cryptocurrency prices started the week well as traders and investors started to move back into the industry, pushing the total market cap of all coins to over $2.84 trillion. Bitcoin price jumped to $87,000 for the first time in over a week. That rally led to more gains in the altcoin market.

Bitcoin (BTC) has risen roughly 1% for the week, indicating a balance between supply and demand. Analysts expect a quiet easter weekend but are divided about the next directional move in Bitcoin.Network economist Timothy Peterson said that the US High Yield Index Effective Yield has gained over 8%.

Here is how some of your favorite assets concluded the week.

Bitcoin and most cryptocurrencies remained in a tight range last week as investors monitored new developments in trade and the tensions between President Donald Trump and Jerome Powell.

The past week was a rollercoaster ride for the cryptocurrency market. Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), XRP (CRYPTO: XRP), and Dogecoin (CRYPTO: DOGE) moved sideways amid tariff uncertainties.

The collapse of the MANTRA (OM) token has left investors reeling, with many facing significant losses. As analysts comb through the causes of the collapse, many questions remain.

The crypto markets have gained some momentum since the start of the week, which has attracted significant buying pressure onto the platform. Bitcoin sticks around $85,000, while Ethereum is trading close to $1600.

This week in crypto recorded several key events across various ecosystems that will continue shaping the industry.

Mantra's recovery efforts aim to restore investor confidence and stabilize the ecosystem, highlighting the importance of transparency and trust. The post Mantra CEO says team is finalizing burn program details, buyback is well underway appeared first on Crypto Briefing.

TL;DR Renewed investor interest in AI-related tokens has triggered strong price increases for assets like TAO (+14.19%), (+9.67%) and FIL (+6.47%). This surge is linked to Nvidia's recent visit to China and Bitcoin's current market stability.

Since the beginning of 2025, the Web3 ecosystem has reportedly lost nearly $6 billion to rugpulls, with 92% linked to the Mantra case.

The cryptocurrency landscape in 2025 brims with opportunities as innovative projects like Sui, Bittensor, and CartelFi capture investor attention. Sui's robust Layer-1 blockchain, bolstered by strategic partnerships, signals strong growth potential, while Bittensor's fusion of AI and blockchain offers a unique value proposition despite market volatility.

Demand for AI-themed tokens soars, as it captures 35% of global interest throughout Q1 2025.

Bittensor (TAO) surged 10%, eyeing a breakout of a falling wedge pattern amid serious allegations of centralization.

TAO, the altcoin that powers Bittensor's decentralized machine learning network, has soared 10% in the past 24 hours. It has outperformed major cryptocurrencies like Bitcoin (BTC), which has seen a modest gain of 0.13%, and Ethereum (ETH), whose value has dipped by 1.3% over the past day.

TAO rallied as much as 13% on April 18, reclaiming a key support level and pushing its market cap back above $2.2 billion following reports that Nvidia plans to maintain its presence in China despite new U.S. export restrictions.

Mantra's OM token crashed by over 90% on April 13, falling from around $6.30 to under $0.50 in a matter of hours.

The recent OM collapse at MANTRA has left the community confused. In a series of instant drops, $5.5 billion was erased.

Mantra and associated market makers allegedly manipulated liquidity metrics for the OM token by exploiting vulnerabilities in data aggregators' self-reporting systems, according to discussions on the latest edition of “The Chopping Block” podcast. The scheme involved misrepresenting the circulating supply and trading volume of OM to create the appearance of broader market activity than existed.

The CEO and co-founder of the real-world asset (RWA) crypto project Mantra (OM) unveils a plan to bring back community trust following a massive sell-off of the blockchain's token. On Sunday, the value of the OM token plunged from a high of $6.35 to a low of $0.37, representing a huge drop of 94%.

The Mantra team has cleared the air on the collapse, but traders remain cautious on the sidelines awaiting a post-mortem report. The post Can Traders Trust the MANTRA Price Bounce? Post-Mortem Report on Collapse Incoming appeared first on Cryptonews.