Day: April 14, 2025

Crypto markets ‘relatively orderly’ despite Trump tariff chaos: NYDIG

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Crypto markets have been fairly stable amid wider market panic caused by US President Donald Trump’s “on-again, off-again” sweeping global tariffs, according to a New York Digital Investment Group (NYDIG) analyst. “Despite the carnage in traditional financial markets, the crypto markets have been relatively orderly,” NYDIG global head of research Greg Cipolaro said in an April 11 note. “Historically, in broad risk-off moves, we tend to see stresses show up in crypto markets. We have yet to see that.” Cipolaro said crypto perpetual futures rates have “been persistently positive,” with…

Vitalik Buterin says the app layer needs ‘good social philosophy’ most

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Ethereum co-founder Vitalik Buterin argues it’s Ethereum’s application layer, not its infrastructure layer, where Ethereum needs “good social philosophy” the most. The app layer is where developers build decentralized applications on top of Ethereum’s base infrastructure and where they make decisions about how these programs operate.  In an April 12 post on the social media platform Warpcast, Buterin responded to a user’s argument that Ethereum needs a new generation of developers rooted in Ethereum’s core values to renew itself. He argued that it’s the app layer that needs this more.…

Trump’s World Liberty Financial buys $775K in SEI in altcoin buying spree

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The Trump family-backed crypto project World Liberty Financial (WLFI) has added 4.89 million SEI tokens valued at $775,000 to its portfolio, according to onchain data. Data from blockchain analytics firm Arkham Intelligence shows the purchase was made on April 12 by one of WLFI’s trading wallets using USDC transferred from the project’s main wallet. It’s the same trading wallet previously used by WLFI to accumulate other altcoins. WLFI holds a diversified portfolio, including Bitcoin (BTC), Ether (ETH), and a larger number of altcoins, such as Tron (TRX), Ondo Finance (ONDO),…

MANTRA co-founder says forced liquidations triggered OM token’s 90% crash

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Key Takeaways OM token crashed 90% due to forced liquidations by centralized exchanges, said MANTRA’s co-founder. MANTRA denies involvement from MANTRA team or investors in the price drop. Share this article John Patrick Mullin, the co-founder and CEO of MANTRA, addressed the OM token’s abrupt 90% price decline on Sunday, stating that “reckless forced closures” on CEXs caused the drop, rather than alleged internal activity by the project team. “The timing and depth of the crash suggest that a very sudden closure of account positions was initiated without sufficient warning…