Author: John Smith
Major crypto exchanges like Binance and OKX have reacted to the recent OM price crash, ensuring users that they will look into the situation and report their findings. On April 14, a day after the Mantra token’s market cap suffered a loss of $5.5 billion due to market volatility, Binance issued a statement through the exchange’s Customer Support account on X, reacting to the recent price crash. According to the recent post, Binance’s initial findings reveal that the price crash was due to a series of cross-exchange liquidations that occurred over the past day. Binance is aware that $OM, the…
First Digital Labs has released a new attestation report confirming that its FDUSD stablecoin is fully backed despite ongoing fraud accusations from Tron founder Justin Sun. According to the report published on Apr. 14, reserves of equal value, which include more than $1.74 billion in U.S. Treasury bills and $603 million held in overnight repurchase agreements, match First Digital USD’s (FDUSD) total supply of 2.58 billion tokens. Additional assets include fixed deposits across multiple jurisdictions. The company has reaffirmed that all FDUSD reserves are held in bankruptcy-remote accounts and are never mixed with company funds. It added that over $1…
Japanese Bitcoin treasury company Metaplanet has achieved a BTC Yield of 108.3% year-to-date in 2025. In an April 14 X post, Metaplanet CEO Simon Gerovich said the company now holds 4,525 BTC, worth roughly $386.3 million, at an average cost of around $85,366 per coin The announcement followed Metaplanet’s latest purchase of 319 BTC for approximately ¥3.78 billion (or $26.3 million), acquired at an average price of ¥11.85 million (~$82,549) per Bitcoin. To track the effectiveness of its treasury strategy, Metaplanet relies on BTC Yield, a metric that measures the growth of its Bitcoin holdings relative to its fully diluted…
Outflows from spot Bitcoin ETFs in the U.S. surged last week as investor sentiment took a hit from rising trade tensions driven by President Trump’s aggressive tariff plans. According to SoSoValue data, the 12 spot Bitcoin ETFs saw $713.3 million pulled out, over 300% more than the $172.7 million outflows from the week before. Every single day from April 7 to 11 saw money being pulled, continuing a streak that began on April 3. The biggest drop came on Tuesday, with $326.27 million in outflows, while Friday ended the week with just over $1 million leaving. BlackRock’s IBIT took the…
Mantra chief executive officer JP Mullin claims OM’s price crash was caused by forced liquidations by centralized exchanges. The price of Mantra (OM) plunged over 90% on Apr. 13, falling from around $6.30 to below $0.50 within hours. In an Apr. 14 post on X, Mullin said the sharp drop in OM’s price was caused by forced liquidations triggered by centralized exchanges. He explained that these actions were taken suddenly and during low-liquidity hours on Sunday evening UTC, which may have amplified the market impact. Mullin clarified that the sell-off was not due to any token sales by the Mantra…
On-chain data from CryptoQuant suggests that Bitcoin could be on the verge of a bullish trend reversal, as a key market signal begins to shift. In an Apr. 13 post, CryptoQuant contributor Joao Wedson noted that the gap between Bitcoin’s (BTC) futures price and its spot price on Binance is starting to shrink. This gap, known as the perpetual-spot gap, shows the difference between what traders are paying in futures contracts versus the actual price of Bitcoin. Given that the gap is currently negative, futures market participants may be exercising caution or taking profits following Bitcoin’s previous surge to almost…
Donald Trump’s Solana-based memecoin, TRUMP, is facing growing market pressure as a massive token unlock looms. According to data from Tokenomist, on Apr. 18, the project will release 40 million tokens, worth over $320 million at current prices, to its team. This is TRUMP’s first major unlock and will add roughly 20% of the current circulating supply to the market. Following the event, 493,000 TRUMP, around $4 million, will be unlocked daily until the next major unlock in July. The upcoming unlocks have raised concerns over potential price impact due to increased token supply. TRUMP is trading at $8.27 as…
Mantra, known as the second real-world asset token after Chainlink, nosedived over 90% over the past 24 hours. Here’s what we know. Source: CoinGecko Just a couple of days ago, Mantra (OM) touted a 640% gain in 12 months. At last check, its $6-billion market cap fell to about $485 million. Patrick Mullin, Mantra’s CEO, recently spoke to crypto.news about being a fully compliant, end-to-end ecosystem for RWA tokenization and trading. The company, fresh from securing a VASP license from Dubai’s VARA, had plans to legally operate as a virtual asset exchange. Its unclear whether the recent downtrend will stymie…
Ripple, one of the biggest names in the cryptocurrency sector, recently purchased prime brokerage Hidden Road for $1.25 billion, underscoring how decentralization and traditional finance are officially meshing. Nic Puckrin, a crypto analyst and founder/CEO of The Coin Bureau, says the deal is indicative of this new trend and a positive for Ripple’s blockchain adoption and the price of XRP. After all, the transaction — set to close by the third quarter of this year — will be mostly cash-based, with a portion paid in XRP tokens and Ripple stock. Hidden Road, which handled $3 trillion in fund transfers in…
Cybersecurity researchers have shared details of a malware campaign targeting Ethereum, XRP, and Solana. The attack mainly targets Atomic and Exodus wallet users through compromised node package manager (NPM) packages. It then redirects transactions to attacker-controlled addresses without the wallet owner’s knowledge. The attack begins when developers unknowingly install trojanized npm packages in their projects. Researchers identified “pdf-to-office” as a compromised package that appears legitimate but contains hidden malicious code. Once installed, the package scans the system for installed cryptocurrency wallets and injects malicious code that intercepts transactions. ‘Escalation in targeting’ “This latest campaign represents an escalation in the ongoing…