A new disaster of $ 5 billion

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Om collapse

Just last week, the Mantra om om symbol looked great: an increase of more than 800 % on an annual basis, a new fund for $ 108 million ecosystems, and a billion dollar Dubai real estate (talisman is Blockchain to photograph physical assets such as buildings and art) in the pipeline. Then, last Sunday, its price Move over 90 % From about $ 6.3 to less than $ 0.5, erasing more than $ 5.4 billion in value and sending merchants looking for bad guys.

The problem was not a smart exploitation. Blockchain analysts informed 17 portfolio moves $ 43.6 million (about 227 million dollars) for Bens and OKX exchanges in the days before the accident. Rumors of the otc fire cases at half the price fed the panic.

Once the sale begins, liquidity disappeared. Thin books for the traditional Sunday cannot absorb the flood, which led to the forced qualifiers for the outstanding situations. By the time when the sequence stopped, the veteran traders compared chaos with the collapse of Luna Terra.

CEO John Patrick Moulin denied internal sales, blamed “reckless forced closure” by the central stock exchanges and promised to re -purchase a code. Exchange OKX pointed out the distinctive symbol changes in a talisman and concentrated ownership. A high -level investor, Laser Digital, who is supported by Nomura, has jumped on X to deny that he was among the sellers after the analysis platform apparently its wallets.

New arrangement for encryption lending

Crater Blockfi, Celsius & Co. In Crypto Credit empty. In central coding lending, the throne now belongs to Tether, Galaxy Digital and LEDN – a trio that controls nearly 90 % of the remaining central lending. However, the biggest shift is fine: Defi protocols are now slightly more than half of all encryption loans ($ 19.1 billion of a total of $ 36.5 billion in the market), which transforms smart contracts into senior credit employees in the sector. Wall Street also revolves: Cantor Fitzgerald is preparing to pick up bitcoin. Read more.

Gambit temperature from Trump

On the Campaign Path, Donald Trump pledged to make the United States of the world’s super coding force. Four months after his second term, the enemy was operated: SAB 121, where banks were released from the penal capital rules on nursery of digital assets; The April Nightmap -Nepi Papers – BASIS for Defi; The Ministry of Justice closed its encryption squad, as it pledged to chase the fraudsters, not the software.

In addition to keeping a variety of distinctive codes for encryption in a strategic reserve and an end to the simulations of industrial players, the administration tends to the efforts made by the two parties to formulate the rules for a pincoins in dollar. To date, the bet is fruits: Bitcoin has increased by almost 30 % since the election night, and the wider encryption prices have kept despite Wall Street Chop. Read more.

elsewhere:

The 29 -year -old Donald Trump encrypted teacher puts the president’s plans to regulate encryption and a decrease in the repression of Biden’s era [Fortune]

An analyst who expected the last collapse of Crypto at a value of $ 5 billion [The Street]

Kraken expands beyond Crypto with commission -free trading [Reuters]