Mantra’s OM token rebounded 200% after a 90% crash, but analysts warn of structural risks reminiscent of Terra LUNA’s collapse, raising concerns over tokenomics and forced liquidations by centralized exchanges.
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Category: Cryptocurrencies
Rug Pull or Just Panic? Why Did MANTRA (OM) Crash 90% Overnight?
MANTRA (OM) has suffered a catastrophic 90% price wipeout in what’s now being referred to as the most severe MANTRA crash to date.It was reportedly sparked by fears surrounding a major forced liquidation event.The value of OM, the native cryptocurrency fueling Mantra’s real-world asset blockchain ecosystem, nosedived by over 90% as Sunday made way for […]
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Russian Economist: Crypto Adoption May Be Driving Ruble Stability
A leading Russian economist has claimed that Moscow’s crypto adoption may have played a key role in “stabilizing” the ruble in “recent months.”
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MANTRA Token Nosedives 90% in 24 Hours, Prompts Rug Pull Accusations
MANTRA’s OM token plunged over 90% in a day, erasing $6 billion and fueling suspicions of insider-driven misconduct.
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US Senate Democrats Draft Bill to Curb Crypto Mining Emissions
Senators Sheldon Whitehouse and John Fetterman drafted the bill, seeking to curb emissions from crypto mining and AI data centers.
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Billionaire Ray Dalio Warns Trump Tariff Policies Could Trigger Crisis Worse Than Recession
Billionaire Ray Dalio warned the US could face a crisis worse than a recession if Trump mishandles tariffs and economic policy.
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Mechanism Capital’s Andrew Kang Takes $200M Long Position on Bitcoin
Andrew Kang, founder of crypto venture firm Mechanism Capital, has reportedly doubled his bullish bet on Bitcoin, taking a $200 million long position.
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Crypto Gaming and Gambling Are the Most Expensive Ways to Attract Wallet Users, Data Shows
Acquiring crypto wallet users through gaming and gambling campaigns is proving to be the most costly marketing strategy in the Web3 industry.
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SEC and Binance Seek Another Two-Month Pause in Ongoing Legal Battle
The SEC and Binance have jointly requested a federal judge to grant a further 60-day pause in their nearly two-year-long legal dispute.
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US Social Security Administration to Shift All Public Communications to X Amid Elon Musk-Led Government Overhaul
The SSA is preparing to shift all public communications to X as part of a broader government reform initiative led by the DOGE.
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