#om
😐 «The crash of the OM token is the result of betrayal within the Mantra team,» - OddEyeResearch

◽️A group of insiders controlled >90% of tokens - they managed volumes on CEX in a coordinated manner, which signals market manipulation.

◽️The manipulations went through Binance, while the price pumping coincided with large token inputs/outputs.

◽️Initially, the team wanted to release a new AUM token and attract $11,000,000 of investment.

◽️After the advice of a third party, they decided to use the old token for the pump, allegedly in order to increase the chances of listing.

Manipulations in 2023 and 2024:

- December 2023: pump from $20m to $100m FDV

- February 2024: pump from $200m to $1b FDV

In both cases, there was a sharp outflow of OM from the exchanges before the price rise and the return of tokens back after.

CEO of CryptoQuant: «Market manipulation is a crime.»

@Сryptoz ₿

📊 Matrixport: The inflow of stablecoins to exchanges has slowed down, but continues to grow - this signals the continued growth of the crypto industry.

Inflows are growing against the background of uncertainty in traditional markets (stocks and bonds) - perhaps the crypt becomes a less dependent (uncorrelated) asset.

Trade war and tariff disputes increase interest in cryptocurrency - its potential applications are becoming more attractive.

The general attitude is optimistic about the future of cryptocurrency.

@Сryptoz ₿

⛔️ TOP-2 South Korean exchange Bithumb temporarily suspended input/output #ZK due to volatility - announcement

@Сryptoz ₿

💬 OpenAI is developing its own social network - an analogue of Twitter (The Verge)

@Сryptoz ₿

🥳 OKX opens its headquarters in California! (Official announcement)

The exchange is already available to users in the United States.

@Сryptoz ₿

🤔 Top manager VanEck proposes to issue «BitBonds» - treasury bonds tied to BTC, to refinance $14,000,000,000,000 of U.S. government debt (twitter)

@Сryptoz ₿

🤝 Bleap and Mastercard announced a partnership to integrate stablecoin payments into a traditional financial system (The Block)

Bleap — is a non-custodial wallet with access to DeFi, multi-currency accounts, trading and exchange, created by former Revolut employees.

@Сryptoz ₿

🇰🇿 Binance exchange expands its product line in Kazakhstan (official announcement)

@Сryptoz ₿

🇰🇷 The presidential candidate of South Korea promised to carry out a large-scale reform of cryptocurrency regulation - by analogy with the approach of the Donald Trump administration in the United States - The Block

He also intends to invest at least 50,000,000,000,000 won ($35.1b) in 5 years in the development of quantum and AI technologies.

@Сryptoz ₿

🤔 The Mantra team has published a detailed report on the reason for the collapse of the OM token - more details

✔ The Mantra team did NOT sell tokens during the crisis.

✔ Significant volumes of #OM were used as collateral on exchanges.

✔ Forced closure of positions (liquidation) occurred during a period of low liquidity (April 13, 21:00 Moscow time).

✔ This caused a chain reaction: first liquidations → price pressure → decrease in the OM token → new liquidations → additional sales → strengthening of the downward trend.

✔ There was a significant difference in the price of OM between the OKX and Binance exchanges (from 21:00 Moscow time).

✔ The data indicate mass liquidation of OM traders on CEX. Information from partner exchanges will help clarify the situation (the investigation continues).

@Сryptoz ₿

🇬🇧 Today there was a listing of Bitcoin and Ethereum ETP with staking functions from Bitwise on the London Stock Exchange (LSE) - announcement

ETP (Exchange Traded Products) is an exchange product, an analogue of ETF.

@Сryptoz ₿

👀 SEC will hold a round table on the storage of digital assets on April 25 (original)

Representatives of Fireblocks, Anchorage Digital, Fidelity, Kraken, Exodus, Copper.co and Etana Custody will take part in the discussion.

@Сryptoz ₿

🤑 Galaxy Ventures Fund will attract $180,000,000 to invest in crypto startups in the field of payments and stablecoins - Bloomberg

@Сryptoz ₿

🇺🇸 Prosecutors General of 18 U.S. states filed a petition to suspend the trial against the SEC, citing a change in the commission’s leadership (coindesk)

@Сryptoz ₿

#scam #breaking
⚠️ The founder of ENS (Ethereum Name Service) warns of a phishing attack via Google (CT)

Fraudsters use Google’s infrastructure to send fake notices with a summons.

Such letters are checked by DKIM, so Gmail perceives them as legitimate - they even fall into the same correspondence as real notifications from Google.

The letter contains a link to «support», which leads to a fake page created through Google Sites. Credentials are most likely to be theft on the site.

@Сryptoz ₿

💸 Family office managers prefer ETH to BTC - cryptoslate

They hold 0.62% of assets in spot Ethereum ETP against 0.13% in Bitcoin ETP - almost 5 times more in favor of Ethereum.

Despite this, their contribution remains small within the framework of all institutional activity.

Family office — is a private company that manages the investments and affairs of one (sometimes several) wealthy family.

@Сryptoz ₿

🔽 SoSoValue: The OUTFLOW of money from spot Bitcoin ETFs has resumed, -$169,870,000 for yesterday.

@Сryptoz ₿

🇺🇸 Reminder: Today is the last trading day of this week in the United States, tomorrow is Good Friday (the stock market is closed/weekend).

@Сryptoz ₿

#Bessent
🇺🇸 U.S. Treasury Secretary: «Any attempt to fire the head of the Fed will increase instability in the market, already weakened by the recent tariff increase.»

«Donald Trump understands this, and the recent message appeared because of anger at J. Powell, because he still hasn’t given a signal about the Fed rate cut.»

@Сryptoz ₿

🛍 The SPAR grocery store began to test crypto payments - original

The SPAR retail chain has 13,900 stores in 48 countries in Europe, Asia, Africa and Australia.

The SPAR store in Zug (Switzerland) began accepting payments in BTC via the Lightning Network.

@Сryptoz ₿

#breaking #manta
🚫 Lazarus Group hackers tried to hack the device of the co-founder of Manta Network - twitter

1. Kenny Lee received a message in Telegram with an offer to call via Zoom from a contact known to him.

2. During the call, the camera of the interlocutors was turned on, there were plausible faces of team members (deepfakes) on the screen, but there was no sound

3. Then a message appeared about the need to update Zoom and please download the file (with malware).

4. The co-founder of Manta Network suspected a problem, refused to download the file, interrupted the call and asked to confirm his identity.

5. The attackers deleted the correspondence and blocked it.

@Сryptoz ₿