Day: April 13, 2025

MANTRA’s OM token crashes over 90% as speculation grows over insider selloff

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Key Takeaways The OM token from MANTRA crashed by 90% on Sunday. The crash allegedly wiped out over $10 billion in market capitalization, with claims that the team held 90% of supply. Share this article OM, the native token of the MANTRA ecosystem, nosedived as much as 90% in just four hours, erasing billions in market value, according to data tracked on Binance. OM’s price crashed from above $6 to $0.37 on April 13, wiping out nearly all of its gains since its meteoric rise from $0.0158 in January 2024.…

Bitcoin rallies amid macroeconomic concerns — Are HYPE, ONDO, RNDR and KAS next?

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Bitcoin (BTC) made a brilliant comeback this week, rising more than 7%, indicating solid buying at lower levels. BitMEX co-founder Arthur Hayes said in a post on X that the US bond market crisis could be setting the stage for more policy response, and that could result in an “up only mode” for Bitcoin. Blockchain and intelligence platform Glassnode said in a post on X that Bitcoin had built solid support at $79,000, with roughly 40,000 Bitcoin accumulated there. Bollinger Bands creator John Bollinger also echoed similar views. In a…

Mantra token price collapses by over 90% in 24 hours

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The price of the Mantra token has collapsed in what some traders are calling the worst project collapse since the LUNA crisis. 1061 Total views 1 Total shares News COINTELEGRAPH IN YOUR SOCIAL FEED The price of the Mantra (OM) token, the native cryptocurrency of the Mantra real-world tokenized asset blockchain, has collapsed by over 90% in the last 24 hours. On April 13, Mantra fell from a price of approximately $6.3 to below $0.50 and shed over 90% of its $6 billion market cap. Mantra token market cap and…

Saylor signals Strategy is buying the dip amid macroeconomic turmoil

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Strategy co-founder Michael Saylor has signaled that the company plans to acquire more Bitcoin (BTC) following a nearly two-week pause in purchases. The company’s most recent acquisition of 22,048 Bitcoin on March 31 brought its total holdings to 528,185 BTC. According to SaylorTracker, Strategy’s BTC investment is up by approximately 24%, representing over $8.6 billion in unrealized gains. Strategy continues to accumulate BTC amid the recent market downturn that took Bitcoin’s price below the $80,000 level, and the company continues to be closely monitored by BTC investors as a barometer…

Web3 needs to be more human, and emotional AI is the answer

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Opinion by: Max Giammario, founder and CEO of Kindred The interfaces and user experience in Web3 tools are terrible, even more so when compared to their Web2 counterparts. This lackluster experience for Web3 is losing the attention of as many users as desired, and with how fast the ecosystem moves, these shortcomings are rarely paid attention to. AI agents can be an excellent tool to overcome these weaknesses. Their potential to improve development and user experience is remarkable, although it has yet to reach its real potential. Once combined with…

Saylor signals new Bitcoin buy after Strategy reports nearly $6 billion Q1 unrealized loss

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Key Takeaways Bitcoin bull Michael Saylor hinted at Strategy’s Bitcoin purchase after a brief pause. Strategy’s total Bitcoin holdings amount to 528,185 BTC, representing nearly 3% of Bitcoin’s supply. Share this article Strategy may have resumed its Bitcoin purchases after a one-week break. Michael Saylor, the company’s executive chairman, posted the Bitcoin tracker on X on Sunday, a move that typically hints at an upcoming purchase announcement. No Tariffs on Orange Dots pic.twitter.com/Cg3bCVPMcM — Michael Saylor (@saylor) April 13, 2025 Saylor’s tweet comes after Strategy reported approximately $6 billion in…

Bitcoin price tags $86K as Trump tariff relief boosts breakout odds

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Bitcoin (BTC) hit an eleven-day high on April 13 as the crypto market relief rally closely tracked US financial policy changes. BTC/USD 1-hour chart. Source: Cointelegraph/TradingView Bitcoin traders say brace for more volatility Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching $86,000 for the first time since April 2. The pair had reacted well to news that US President Donald Trump had decided to exclude certain key products from his ongoing trade tariffs against China. Traditional markets are closed on weekends —creating lower-liquidity trading in crypto markets and…

‘Bitcoin Standard’ author to develop Austrian economics curriculum for UK school

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Lomond School, a private institution in Scotland, will begin accepting Bitcoin for tuition payments and is collaborating with Bitcoin author Saifedean Ammous to introduce a new curriculum focused on Bitcoin and Austrian economics. Ammous, author of The Bitcoin Standard, is developing an educational curriculum combining the principles of Bitcoin (BTC) and Austrian economics. “I’m going to be working with Lomond School to develop a curriculum for bitcoin and Austrian economics,” Ammous wrote in an April 12 X post, sharing his excitement for “making the material widely available worldwide.” Source: Saifedean…

NFT trader faces prison for $13M tax fraud on CryptoPunk profits

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A non-fungible token (NFT) trader could face up to six years in prison after pleading guilty to underreporting nearly $13 million in profits from trading CryptoPunks, according to the US Attorney’s Office for the Middle District of Pennsylvania. Waylon Wilcox, 45, admitted to filing false income tax returns for the 2021 and 2022 tax years. The former CryptoPunk investor pleaded guilty on April 9 to two counts of filing false individual income tax returns, federal prosecutors said in an April 11 press release. Back in April 2022, Wilcox filed a…

How to build an AI crypto trading bot with custom GPTs

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AI is transforming how people interact with financial markets, and cryptocurrency trading is no exception. With tools like OpenAI’s Custom GPTs, it is now possible for beginners and enthusiasts to create intelligent trading bots capable of analyzing data, generating signals and even executing trades. This guide analyzes the fundamentals of building a beginner-friendly AI crypto trading bot using Custom GPTs. It covers setup, strategy design, coding, testing and important considerations for safety and success. What is a custom GPT? A custom GPT (generative pretrained transformer) is a personalized version of…