Day: April 15, 2025

Red flag? Mantra’s TVL jumped 500% as OM price collapsed

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The total-value-locked (TVL) on Mantra’s RWA blockchain protocol reached a yearly high despite OM’s 90% price crash. Mantra TVL surges 500% following OM’s crash As of April 15, Mantra’s TVL (in OM terms) jumped to 4.21 million OM (~$3.24 million), an increase of over 500% from two days prior, according to data resource DefiLlama. Mantra’s cumulative TVL chart. Source: DefiLlama. Interestingly, the TVL rise accompanied a dramatic collapse in OM prices, which plunged over 90% during the weekend. The Mantra team attributed the sell-off to “reckless forced liquidations” initiated by…

Bitcoin price recovery could be capped at $90K — Here’s why

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After consecutive drawdowns of 17.39% and 2.3% in February and March, Bitcoin’s (BTC) Q2 is shaping up nicely, with a return of 3.77% in April. While fresh yearly lows were formed at $74,500, BTC is currently closer to $90,000 than its new range bottom.  Bitcoin 1-day chart. Source: Cointelegraph/TradingView Bitcoin’s higher time frame (HTF) market structure has achieved its first breakout of 2025, fueling optimism among bulls for significant upward momentum. However, the following factors could limit BTC’s gains over the next two weeks, likely capping its price at around…

Bitdeer turns to self-mining Bitcoin, US operations amid tariff tumult — Report

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Bitcoin miner Bitdeer is reportedly expanding its self-mining operations and investing in United States-based production as looming trade wars rock global supply chains and cryptocurrency markets.  Bitdeer has begun prioritizing mining Bitcoin (BTC) itself in response to cooling demand for its mining hardware from other miners, Bloomberg reported on April 15. “Our plan going forward is to prioritize our own self-mining,” Jeff LaBerge, Bitdeer’s head of capital markets and strategic initiatives, reportedly said.  Additionally, Bitdeer plans to scale US hardware manufacturing in the second half of the year as US…

Ethena Labs exits German market following agreement with BaFin

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Synthetic stablecoin developer Ethena Labs is winding down its German operations less than a month after regulators identified “deficiencies” in its dollar-pegged USDe (USDE) stablecoin, signaling heightened scrutiny around crypto assets in Europe’s largest economy. Ethena Labs reached an agreement with Germany’s Federal Financial Supervisory Authority, also known as BaFin, to cease all operations of its local subsidiary, Ethena GmbH, according to an April 15 announcement. Source: Ethena Labs As such, Ethena Labs “will no longer be pursuing MiCAR authorization in Germany,” the company said, referring to the Markets in…

OpenAI is building its own social network to rival Elon Musk’s X

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Key Takeaways OpenAI is developing a social network platform similar to Elon Musk’s X, centered around ChatGPT’s image generation capabilities. The social platform would help OpenAI collect real-time data for AI training, positioning it as a competitor to Meta and X. Share this article OpenAI’s cooking up its own social network, kind of like Elon Musk’s X, The Verge reported Tuesday, citing multiple sources familiar with the development. Sources added that the prototype already has a feed built around ChatGPT’s image-gen features. CEO Sam Altman has been seeking external feedback…

The Inverse Of Clown World”

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Bitcoin: The Inverse of Clown World by Knut Svanholm and Luke de Wolf, Lemniscate Media, 175 pages, $25.00. This is a book review from The Mining Issue of Bitcoin Magazine Print. Get your copy here. — There is a similarity across the Bitcoin books published this [last] summer: They’re all about self-improvement and spiritual development. As a community, we seem to have moved on from writing about what money is, what it used to be, or how it operates in the modern world — or the specific ways in which…

Forget XRP At $3, Analyst Reveals How High Price Will Be In A Few Months

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Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. XRP may have spent the past few weeks struggling to hold above the $2 level, but one analyst believes the recent price action is only in its early stages…

Crypto podcasters should always assume their audience knows nothing

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Opinion by: Blake Cassidy, CEO of Bamboo Crypto podcasts have been newcomers’ go-to source of information, helping bring crypto into the mainstream. Podcasters must remember, however, that fresh faces are constantly tuning in as they grow. While you may say, “FOMO, buy the dip, ignore the FUD because WAGMI,” your poor listener — tuning in for the first time just trying to learn crypto — might decide learning Spanish is easier. Podcasters are more vital to crypto’s adoption rate than ever Keeping regular listeners engaged is important, but so is…

Bitcoin trader doubts breakout ‘significance’ as BTC price nears $87K

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Bitcoin (BTC) eyed new April highs at the April 15 Wall Street open amid skepticism over BTC price strength. BTC/USD 1-hour chart. Source: Cointelegraph/TradingView Bitcoin price faces multiple resistance hurdles Data from Cointelegraph Markets Pro and TradingView showed BTC/USD seeking to break through $86,000. Continued strength through the weekend had set up the pair for an attack on levels closer to $90,000, these absent since early March. Concerns over macroeconomic volatility, with the US trade war at its center, nonetheless kept market participants from calling an end to the Bitcoin…

ZKsync’s ZK token drops over 15% after airdrop contract exploit, $5 million stolen

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Key Takeaways ZKsync’s ZK token fell 17% after a $5 million theft from its airdrop contract. The compromised admin account did not affect the main protocol or user funds, but the incident caused a token sell-off. Share this article ZKsync’s ZK token plunged over 15% today, falling from $0.047 to under $0.04 within an hour after an attacker exploited a compromised admin account to steal approximately $5 million worth of unclaimed tokens from the project’s airdrop contract. Source: Binance The ZKsync security team said that while an admin key linked…