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Mantra (OM) Crashed 90% in 24 Hours-What happened?

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Mantra’s token, OM, crashed 90% amid forced liquidations, wiping out over 5.5 billion in market cap in a few hours.

April 13th- Mantra, the layer-1 blockchain ecosystem focusing on regulated digital assets, saw its token OM crash 90% within 24 hours. With a sudden 5.5B market cap crash, allegations point fingers at the project’s team, sparking debate about its transparency.

Per the allegations, the team controlled 90% of OM tokens. As a result, they have been linked to centralization and compared to the 2022 Luna crash of a $60 billion blood bath in the Terra ecosystem.

A red flag observed by investors was a movement of 3.9 million OM tokens supposedly belonging to the OM team to the OKX exchange. With the rapid price drop, a domino effect happened, leading to further liquidations as the OM token plunged.

In response, the Mantra team claimed “reckless exchange liquidations” are to blame for the crash, denying any “rug pull” moves or insider actions. The OM crash serves as a reminder of the dark side of the crypto market, that is, any form of centralized control.

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World Liberty Financial: Trump Holds 94% Ethereum-based Portofolio

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Trump, through World Liberty Financial, is holding a crypto portfolio consisting of 94% Ethereum blockchain. What does he know?

U.S President Donald Trump is holding a crypto portfolio that is surprisingly going almost fully into Ethereum. Despite recent market volatility and rumoured sell-offs, World Liberty Financial has kept a strong hand on the Ethereum blockchain. With so many projects full of potential in the market, Crypto enthusiasts wonder what could be the reason for this.

The possible reasons for such a portfolio

Ethereum is not just an ordinary coin but a bridge connecting a huge DeFi, NFTs, and Smart Contracts ecosystem. World Liberty Financial was established to promote digital freedom, financial independence, and the tokenization of assets.

Ethereum is a suitable and well-established blockchain that supports this agenda. It has notable market dominance as the King of altcoins. Therefore, Trump could be betting on its huge infrastructure with confidence that it will reshape finance and politics in the future.

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U.S White House to Consider Using Gold Reserves to Buy Bitcoin

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U.S. Senate Banking Committee Member, Tim Scott, says major Bitcoin and crypto bills will be passed by August as the U.S. considers selling some of its Gold Reserves to buy Bitcoin.

The United States Treasury claims to hold about 261 million troy ounces of gold, equivalent to 8133.46 metric tons, in its reserves. A new report by a Senior White House official has fueled market enthusiasm regarding Bitcoin’s future. According to the report circulating online, the US is considering selling some of its gold reserves to buy Bitcoin.

A part of the circulating report has the following details, giving insights into what looks like a bullish signal for the market.

Lately, Michael Saylor, Microstrategy’s Co-founder and Executive Chairman, has advised the U.S administration to sell its gold reserves and buy Bitcoin to “bankrupt” its enemies by dominating the world of reserve capital. In other cases, he calls it “buying the future”. As policies regarding digital assets become clearer, Bitcoin could see its value rise exponentially in 2025.

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Trump Signs First-ever Crypto Bill into Law

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Trump has signed the first-ever crypto bill into law, easing regulations and encouraging DeFi innovation.

A controversial IRS rule that required DeFi platforms to act like traditional brokers and report user data to the authority has been limiting innovation in the digital asset market. However, on the 10th of April, in what is deemed a “major win” for the crypto space, U.S. President Donald Trump signed a new legislation repealing this barrier into law.

What does this mean for Bitcoin and the Future of DeFi?

Most DeFi platforms in the U.S. have faced challenges in protecting user privacy while complying with the IRS requirements of data disclosure. DeFi platforms exist to minimize the bureaucracy associated with traditional finance infrastructure.

This includes both anonymity and transparency, depending on user requirements. As a result, the IRS rule was overwhelming for most DeFi projects, hindering their growth and user adoption. With the new Legislation, DeFi projects could be in for exponential growth, pushing demand for Bitcoin and cryptocurrencies higher.

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Paul Atkins Confirmed SEC Chairman amid Bullish Market Sentiment

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Investor optimism rises in the digital assets market as Pro-Crypto Paul Atkins officially becomes SEC Chairman. Ethereum surges 11% as SEC approves trading ETH Spot ETFs.

A crypto boom could be on the cards following recent developments at the U.S. Securities and Exchange Commission (SEC). Following a 52-44 vote outcome, the Senate has officially appointed the Wall Street consultant, Paul Atkins, to lead the SEC amid halted Trump tarrifs.

While most cryptocurrencies gained substantial bullish momentum following the decreased trade war tension, ETH could be poised for an exponential bull run in the mid-term. Per CoinMarketCap data, ETH has surged 11%, with its 24-hour trading volume rising 81%.

Are traders buying the dip now?

Crypto traders could be buying the recent dip as major altcoins have seen notable price surges. XRP has surged 11%, Solana 12%, BNB 5%, Cardano 11%, and LINK 15%. Meme coins such as DOGE and SHIB have recorded more than 10% gains.

The market has gained a bullish momentum following a week of extreme volatility. If the momentum holds, a bull rally could be on the start.

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1 Billion USDT minted as Trump Halts Tarrifs-Bullish Market?

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Crypto market gets new stablecoin liquidity as U.S. President Donald Trump declares a 90-day freeze on tariffs. A sign of heightened buying pressure?

President Donald Trump has recently given a bullish signal for the market, coinciding with Tether’s 1 billion USDT mint on the 9th of April. The blockchain intelligence platform, Arkham, shared this market development in an X (formerly Twitter) post. The post hints at new capital ready for deployment.

Is a bull run on the horizon?

In what appeared like a market heads-up, Trump advised traders that it was time to buy the dip, giving a hint at the start of a bullish market. According to the post;

THIS IS A GREAT TIME TO BUY!!!DJT

The stock market has received $4 trillion in capital following the tariff freeze as Bitcoin surged 5% to $83k, at press time. With the recent USDT minting, this could be a sign of market reversal as the bulls charge. Demand for stablecoin is on the rise as traders enter new positions.

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Bitcoin Miners Hit Hard by Trump Tarrifs

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Trump tariffs could raise mining costs, making mining outside the U.S the only option for mining companies.

China has announced an 84% tariff on US goods in a move to reciprocate a 104% tariff imposed on its goods by the U.S on 8th of April. The country is a global factory for consumer electronics, including mining equipment supplied to mining firms worldwide.

As this trade war persists, mining companies in the United States have rushed to secure essential equipment before these tariffs become effective.

Additionally, mining companies have seen their share prices drop amid the ongoing global market crash, raising concerns about their profit margins. According to Seth on X, miner difficulty has hit a new high, making it even more expensive to mine BTC while prices are plummeting.

Why a trade war is a triple blow for the mining industry

Profit margins for the miners could be hit from three different angles if trade wars persist. These include falling BTC prices, rising costs of mining equipment, and dropping share prices.

As a result, mining firms outside the U.S. have higher profit margins as the Trump administration imposes further tariffs on China goods.

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Kraken and Mastercard Unites to Power Global Crypto Payments

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As institutional adoption rises, the crypto market could see a rebound fueled by new liquidity from traditional investors.

On the 8th of April,2025, Kranken partnered with Mastercard to bridge traditional finance and crypto assets. Kraken, one of the oldest, most liquid, and secure cryptocurrency platforms, secured this partnership in Paris, hoping to allow its users to spend their crypto assets to over 150 merchants globally.

According to David Ripley, the Kraken Co-CEO,

“Crypto is transforming the payments industry, and we envision a future where global commerce and everyday payments are powered by cryptoassets.”

So, what does this mean for the market?

Despite the recent market dip, this news is a reminder of how cryptocurrencies and blockchain technology go beyond speculative trading. While most crypto degens experience panic during bear markets, seeing digital assets for their real utility could instill long-term conviction while driving mass adoption.

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Why Tokenized Assets could Hit $19 Trillion by 2033

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Ripple Labs and Boston Consulting Group (BCG)’s recent report reveals a shift in traditional investment towards tokenized assets.

On the 7th of April, Ripple Labs and BCG released a joint report revealing an ongoing shift by traditional investors. According to the report, the traditional asset market is on a “three-phase evolution’ with 3 major financial giants on the move. These early adopters of real-world tokenized assets include BlackRock, Fidelity, and JPMorgan.

The report further added;

A “flywheel effect” is driving adoption, where institutional supply and investor demand reinforce each other.

Institutional adoption could fuel market growth

With most traditional investors cautious on decentralized finance (DeFi) markets, real-world assets(RWAs) could be their entry into this market. Similarly, adoption by traditional finance institutions builds trust among them. Capital inflow into tokenized assets could see the market hit $19 trillion by 2033, per Ripple Labs.

While the crypto market remains volatile, the RWA market could catalyze its maturity and stabilization in the long run. Tokenized assets are steadily rising in market capitalization and are a “must-watch” item in digital asset portfolios for the coming months.

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Polymarket Predicts 61% Chance of U.S Recession amid Trump’s Optimism-Traders watch out!

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What does the disconnect between President Trump’s claims and market sentiment suggest?

Popular prediction market, Polymarket, has predicted the chance of a U.S. recession as 61%, according to its latest update. However, the U.S president, Donald Trump, has kept his confidence in the U.S economy as indicated by his recent X (formerly Twitter) posts. Trump cites falling interest rates, low inflation, and strong tariffs as positive indicators of this.

The contradiction in the market sentiment and Trump’s claims raises concerns about where the crypto and global finance stand in 2025.

Will the global market anxiety slow crypto growth?

A potential U.S recession could ripple across global economies, lowering investor confidence and digital asset demand while slowing trade. Traders could expect increased volatility in the crypto market over the next few weeks and months if global trade wars persist.

As traditional markets dip, fueled by recession fears, capital outflow from DeFi and blockchain projects is possible. This could plunge several altcoins. One should keep an eye on the progression of Trump’s trade tariffs for further insights.

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