Month: April 2025

Mantra exposes crypto liquidity problems, and Coinbase is bearish: Finance Redefined

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Crypto investor sentiment took another significant hit this week after Mantra’s OM token collapsed by over 90% within hours on Sunday, April 13, triggering knee-jerk comparisons to previous black swan events such as the Terra-Luna collapse. Elsewhere, Coinbase’s report for institutional investors added to concerns by highlighting that cryptocurrencies may be in a bear market until a recovery occurs in the third quarter of 2025. Mantra OM token crash exposes “critical” liquidity issues in crypto Mantra’s recent token collapse highlights an issue within the crypto industry of fluctuating weekend liquidity…

Mantra CEO says team is finalizing burn program details, buyback is well underway

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Key Takeaways Mantra is finalizing a token burn program for the OM token. OM token has faced significant price decline due to large liquidations. Share this article John Patrick Mullin, Mantra’s co-founder and CEO, has stated that the team is finalizing its token burn program and actively working on a buyback plan. Both efforts come in the wake of the OM token’s recent collapse. “The burn program details are in the final stages, and will be shared in the near future. Buyback program also well underway. We are working around…

Bitcoin Covenants: TXHASH And CHECKTXHASHVERIFY(BIP 346)

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This is the third article in a series deep diving into individual covenant proposals that have reached a point of maturity meriting an in-depth breakdown. TXHASH and CHECKTXHASHVERIFY (TXHASH), put forward by Steven Roose and Brandon Black with a BIP number currently unassigned, is a “template based” covenant that can conceptually seen as an extension or more advanced version of CHECKTEMPLATEVERIFY (CTV).  Before getting into the nitty gritty of how TXHASH works, let’s refresh on the pieces of data in a Bitcoin transaction.  At a high level you have the…

Analysts brace for Bitcoin slide on gloomy US manufacturing data

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Bitcoin’s spot price could take a hit after the US Federal Reserve reported some of the worst manufacturing data in recent history, according to several cryptocurrency analysts. On April 17, the Philadelphia Federal Reserve Manufacturing Index — a monthly survey of 250 US-based manufacturers — reported the sharpest declines in overall business activity since 2020.  The data puts Bitcoin (BTC) “under short term pressure,” researchers at Bitunix, a crypto exchange, said in a post on the X platform. They added that Bitcoin could still see a “strong comeback” if its…

Bitcoin whales absorb 300% of newly mined BTC supply — Is $100K next?

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Bitcoin’s (BTC) richest traders and investors are increasingly bullish on BTC despite facing downside risks from unfavorable macroeconomic factors, the latest onchain data suggests. Bitcoin whales absorbing 300% of new supply Bitcoin whales and sharks are now absorbing BTC at record rates—over 300% of yearly issuance—while exchanges are losing coins at a historic pace, according to Glassnode. Notably, Bitcoin’s yearly absorption rate by exchanges has plunged below -200% as outflows continue. This signals a growing preference for self-custody or long-term investment. Bitcoin yearly absorption rates. Source: Glassnode Meanwhile, larger holders…

Oregon targets Coinbase after SEC drops its federal lawsuit

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Oregon Attorney General Dan Rayfield is planning a lawsuit against crypto exchange Coinbase, alleging the company is selling unregistered securities to residents of the US state, after the United States Securities and Exchange Commission’s (SEC) dropped its federal case against the exchange. According to Coinbase’s chief legal officer, Paul Grewal, the lawsuit is an exact “copycat case” of SEC’s 2023 lawsuit against the exchange, which the federal agency agreed to drop in February. Grewal added: “In case you think I’m jumping to conclusions, the attorney general’s office made it clear…

Global retail giant Spar introduces Bitcoin payments via Lightning Network

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Key Takeaways Spar Switzerland launches Bitcoin payments through the Lightning Network in Zug. Switzerland has over 1,013 businesses accepting Bitcoin, emphasizing its crypto-friendly environment. Share this article Spar, one of the world’s most popular retail franchises, has accepted Bitcoin as a form of payment at a supermarket in Zug, Switzerland, according to a recent announcement from DFX.swiss, a Swiss-based company that facilitates the implementation. DFX.swiss-developed payment solution enables customers to pay directly at checkout using Bitcoin via LNURL, an open peer-to-peer standard for in-person crypto payments. LNURL (Lightning Network URL)…

South Korean crypto emerges from failed coup into crackdown season

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South Korea kicked off 2025 with political chaos, regulatory heat and a crypto market finally brought to heel — or at least forced to grow up. The nation closed 2024 in disarray following then-President Yoon Suk Yeol’s botched martial law stunt in December. In the aftermath, authorities spent the first quarter drawing lines in the sand as financial watchdogs slapped cryptocurrency exchanges with probes and lifted the ban on corporate trading accounts. Meanwhile, crypto adoption hit record highs as trading volume cooled. Here’s a breakdown of the key developments that…

Standardization is essential to enable crypto adoption

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Opinion by: Axel Schorn and Dr. Duc Au Traditional stocks, bonds and commodities markets have long benefited from well-established standards governing the flow of information and data. These standards underpin the seamless functioning of trading, settlement and regulatory compliance, ensuring all participants can rely on the same consistent frameworks. As the financial industry moves into decentralized finance (DeFi) with the introduction of digital assets, like crypto assets and tokenized securities, the lack of such standards presents a growing challenge.  While digital assets promise transformative potential, their fragmented information landscape risks…

What Bitcoin Indicators Predict For Q3 2025?

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Bitcoin’s 2025 journey hasn’t delivered the explosive bull market surge many expected. After peaking above $100,000, the 2025 Bitcoin price retraced sharply to as low as $75,000, sparking debate among investors and analysts about where we stand in the Bitcoin cycle. In this analysis, we cut through the noise, leveraging on-chain indicators and macro data to determine if the Bitcoin bull market remains intact or if a deeper Bitcoin correction looms in Q3 2025. Key metrics like MVRV Z-Score, Value Days Destroyed (VDD), and Bitcoin capital flows provide critical insights…