🤔 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 ₿

#opinion
🧸 Matrixport: The start of the alt season seems unlikely in the near future without a significant surge in liquidity.

«Altcoins Come and Go - Only Bitcoin Remains».

◽️Hype against the background of the launch of Ethereum ETF is over, the dominance of #ETH has decreased by almost 50% since July 2024.

◽️Fleeting trends like memcoins #WIF or #TRUMP - all according to the same scenario: native → sharp decline → oblivion.

◽️Bitcoin growth drivers: Fed rate reduction, increase in stablecoin issuance, micro-incentives from the government and demand for Bitcoin ETF (so far none of these factors is in the game, the market lacks liquidity).

◽️Bitcoin will probably stay in the range of $80,000-90,000 in the near future.

◽️However, the weakening of the dollar = an increase in the global money supply (#M2). Historically, this is a catalyst for BTC growth. Let’s add to this the absence of the risk of strict regulation - and we get the reason why Bitcoin stays afloat at the current market.

◽️The Altseason will not start without an inflow of liquidity. Bitcoin is out of competition.

@Сryptoz ₿

#opinion
🤔 Analysts: Bitcoin can exceed $155,000 in the 3-4th quarter of 2024, given the correlation with Gold.

Every time Gold updates the high, Bitcoin updates the historical maximum over the next 100-150 days.

@Сryptoz ₿

🟢 SoSoValue: The INFLOW of money to spot Bitcoin ETFs has resumed, +$107m for yesterday.

@Сryptoz ₿

🇸🇮 The Ministry of Finance of Slovenia intends to introduce a 25% tax on income from cryptocurrency trading (original)

@Сryptoz ₿

🇺🇸 The Attorney General of Oregon sued the Coinbase exchange - original

Accusation: violation of securities laws.

@Сryptoz ₿

🔥 Kraken Exchange launched futures trading on fiat currencies (twitter)

@Сryptoz ₿

👀 «The number of #USDT users has exceeded 450,000,000 and is growing by 30,000,000+ every quarter,» - CEO Tether

@Сryptoz ₿

#WetDreams #Altcoins

🤹 Historically, the «altcoin season» began ~ 340 days after the BTC halving date.

@Сryptoz ₿