Category: Bitcoin News

How Mantra’s OM token collapsed in 24 hours of chaos

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Mantra’s OM token collapsed by more than 90% overnight, and the crypto world can’t agree on why. On April 13, OM’s price plummeted from over $6 to below $0.50, wiping out more than $5 billion in market cap and triggering widespread panic across the crypto industry. The sudden crash drew comparisons to Terra’s LUNA implosion as traders scrambled for answers. Unverified rumors of insider dumping, forced liquidations, mislabeled wallets and exchange manipulation quickly spread — but Mantra insists it was caught in the middle. Mantra had built a strong position…

5 reasons why FARTCOIN is rising faster than everything else

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Fartcoin (FARTCOIN), a Solana-based memecoin launched in October 2024, has soared over 370% from its yearly low, outperforming Bitcoin (BTC) even as global trade tensions weigh on broader risk assets. These are the five key reasons why FARTCOIN is rising faster than top cryptocurrencies. FARTCOIN/USDT vs. BTC/USD 30-day price chart comparison. Source: TradingView PEPE boom similarities fuel FARTCOIN hype FARTCOIN’s recent surge mirrors the early stages of Pepe’s (PEPE) meteoric rise. In 2023, PEPE launched with a rapid ascent to a $1.8 billion market cap before crashing down to $255…

Mantra OM token crash exposes ‘critical’ liquidity issues in crypto

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Mantra’s recent token collapse highlights an issue within the crypto industry of fluctuating weekend liquidity levels creating additional downside volatility, which may have exacerbated the token’s crash. The Mantra (OM) token’s price collapsed by over 90% on Sunday, April 13, from roughly $6.30 to below $0.50, triggering market manipulation allegations among disillusioned investors, Cointelegraph reported. While blockchain analysts are still piecing together the reasons behind the OM collapse, the event highlights some crucial issues for the crypto industry, according to Gracy Chen, CEO of the cryptocurrency exchange Bitget. “The OM…

Babylon total value locked drops 32% as wallets unstake $1.2B in Bitcoin

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Bitcoin staking protocol Babylon saw $1.26 billion in BTC unstaked from its platform, reducing the protocol’s total value locked by 32%.  On April 17, blockchain analytics firm Lookonchain flagged several addresses that had unstaked a total of 14,929 Bitcoin (BTC) from the staking platform. The security firm flagged four addresses that had unstaked 299 BTC, 499 BTC, 1,000 BTC and 13,129 BTC.  One address held a majority of the unstaked assets worth $1.1 billion. With BTC prices hovering at around $84,400, the total unstaked BTC was worth about $1.26 billion.…

Bitcoin gold copycat move may top $150K as BTC stays ‘impressive’

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Bitcoin (BTC) has a new gold-inspired $155,000 target, as analysis describes both assets as “remarkably impressive.” In a post on X on April 16, trading and analytics account Cryptollica predicted BTC/USD would copy gold to hit new all-time highs. Analysis sees key BTC price similarities to gold Bitcoin has made headlines for its inability to follow in gold’s record-breaking footsteps in 2025. While XAU/USD continues to see repeated record highs, BTC/USD is down 9.3% year-to-date, data from Cointelegraph Markets Pro and TradingView shows. BTC/USD 1-day chart. Source: Cointelegraph/TradingView Despite calls…

Bitcoin online chatter flips bullish as price chops at $85K: Santiment

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The tone of Bitcoin-related social media posts has flipped to bullish according to crypto analytics platform Santiment, despite Bitcoin continuing to swing around $85,000. “Traders are showing optimism that BTC can regain $90K, which will likely be dependent on tariff and global economy news as the week progresses,” Santiment said in an April 16 X post. The last time Bitcoin (BTC) traded above $90,000 was March 6. Traders regaining confidence in Bitcoin Santiment’s social media tracker, which measures how social media users feel about crypto based on the tone of…

Raydium debuts LaunchLab to rival memecoin maker Pump.fun

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The firm behind the Solana-based automated market maker (AMM) Raydium has launched its memecoin-making protocol, LaunchLab, which looks to compete with Pump.fun. The arrival of LaunchLab on April 16 comes a month after Pump.fun, previously a key contributor to Raydium’s revenue, severed ties with the firm by moving its token migration from Raydium’s liquidity pools to its own new decentralized exchange, PumpSwap. LaunchLab will leverage Raydium’s liquidity pools and aim to dethrone Pump.fun as the leading Solana memecoin launchpad. Raydium said LaunchLab provides memecoin enthusiasts with customizable bonding curves and…

AI takes nearly 60% of global venture capital dollars in Q1: Pitchbook

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Artificial intelligence startups received the lion’s share of venture capital investments across the globe in the first quarter of 2025, according to new data from Pitchbook. “Investors still have an AI FOMO [fear of missing out] problem,” the research firm said in an April 17 report, which revealed that 57.9% of global venture capital dollars in Q1 went to AI and machine learning startups. Comparatively, the first quarter of 2024 saw just 28% of VC dollars channeled into AI startups. Pitchbook said the capital flowing into AI was even more…

Crypto venture fund Galaxy Ventures could hit a $180M fundraise: Report

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Michael Novogratz’s Galaxy Ventures Fund I LP is expected to raise around $175 million to $180 million by the end of June to build a portfolio of 30 crypto and blockchain startups. According to an April 17 Bloomberg report citing people familiar with the matter, the fund —  which has had a focus on payments and stablecoins — has surpassed its goal of raising $150 million. The fund closing above target comes at a time when crypto venture capital is thin on the ground despite an industry-friendly administration in the…

ENS founder warns of Google spoof that tricks users with a fake subpoena

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The founder and lead developer of Ethereum Name Service has warned his X followers of an “extremely sophisticated” phishing attack that can impersonate Google and trick users into giving out login credentials.  The phishing attack exploits Google’s infrastructure to send a fake alert to users informing them that their Google data is being shared with law enforcement due to a subpoena, ENS’ Nick Johnson said in an April 16 post to X.  “It passes the DKIM signature check, and GMail displays it without any warnings – it even puts it…