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The full implications of OM's crash are still unfolding. As the Mantra team works to rebuild trust and provide clarity, the incident serves as a stark reminder of the volatility and risks inherent in the cryptocurrency market.
Digital currencies remain indecisive, with Bitcoin trading below the $85K mark, hovering at $84,749. Ripple's XRP displays warning signals amidst the prevailing uncertainty. XRP changes hands at $2.13 during this writing.
Binance whales are reducing inflows and are indicating a shift toward holding positions despite the current macroeconomic unrest.
Digital asset investment products experienced another tough week, recording $795 million in outflows, the third consecutive week of declines. The post Digital Asset Funds See $795M in Outflows, $7.2B Pulled Since February appeared first on Cryptonews.
US container booking data reveals a dramatic contraction in trade volumes following the US-led global trade war, offering an early signal of systemic stress across the supply chain. Per Vizion's TradeView platform, total US import bookings fell 64% in the week following March 31.
They scooped up $775,000 worth of SEI tokens on April 12. That's 4.89 million SEI added to the altcoin-heavy portfolio from WLFI, according to Arkham Intelligence.
By Omkar Godbole (All times ET unless indicated otherwise)
While global economies remain very uncertain going forward, the crypto market is beginning to coil up, and the U.S. stock market allowing, we could see a substantial surge into the Summer. Solana (SOL), Binance Coin (BNB), and Sui (SUI) are well placed to lead this resurgence.
Crypto startup Meanwhile closed a $40 million Series A to scale its Bitcoin (BTC)-denominated life insurance product. The post Crypto Startup Paying Out Life Insurance in BTC Raises $40 Million appeared first on Cryptonews.
TL;DR Massive Price Crash: Mantra (OM) plummeted over 90% overnight, falling from roughly $6.30 to about $0.70, erasing billions in market value and triggering tens of millions in forced liquidations. Triggering Factors: The implosion began during a low-liquidity period, with large investors shifting significant amounts of tokens to major trading platforms, sparking panic selling.
OM token collapse investigated by OKX, triggering industry-wide concerns.
According to a mathematical analysis by financial expert Fred Krueger, Bitcoin (BTC) has a 77% chance of reclaiming its all-time high (ATH) this year.
Abu Dhabi's financial regulator has fined crypto firm Hayvn and its CEO more than $12 million for AML breaches and unlicensed activity.
A Pennsylvania resident has pleaded guilty to federal charges after failing to report millions in earnings from trading non-fungible tokens (NFTs). The post Pennsylvania Man Who Made Millions Flipping NFTs Faces Charges After IRS Investigation appeared first on Cryptonews.
Per Coinbase analysts, BTC was at a 'fair' value and a 'buying opportunity.'
A new report from Galaxy Digital shows the crypto lending market is still far from its 2021 peak, but decentralized platforms are quickly pulling ahead.
After weeks of silence, SHIB is showing signs of a breakout. It's climbing above key levels, and the charts are hinting at a bigger move.
In a move signaling intensified competition in the cross-border payments space, J.P. Morgan Chase has introduced GBP-denominated Blockchain Deposit Accounts for its Kinexys Digital Payments (KDP) platform in London.
Shiba Inu is trending once more, but not due to a spike in price. On-chain data, however, is showing some whale activity that could change the game.
World Liberty Financial has triggered a short-lived surge in SEI price after purchasing $775K worth of the token, briefly lifting it 20% before momentum stalled at key resistance.
Some financial leaders are starting to question whether the U.S. dollar's reign as the global reserve currency is nearing its end—and for the first time, Bitcoin is entering that conversation in a serious way.
Paul Atkins was confirmed as head of SEC, the U.S. Department of Justice closed a unit to combat cryptocrime, U.S. miners overpaid to import equipment and other events of the past week.
PayProtocol, the company behind Paycoin, has revealed plans to launch its own Mastercard-powered debit card on Apr. 30. According to an Apr.
Bitcoin Magazine Metaplanet Buys Additional ¥3.8 Billion Worth Of Bitcoin Japanese tech firm acquires 319 BTC for ¥3.78 billion ($26.3M), becoming ninth-largest public bitcoin holder. This post Metaplanet Buys Additional ¥3.8 Billion Worth Of Bitcoin first appeared on Bitcoin Magazine and is written by Vivek Sen Bitcoin.
