Blockchain

Mantra’s CEO Takes Action to Restore Trust In a significant bid to regain community trust after the sudden collapse of the OM token, Mantra CEO John Mullin announces plans to burn 300 million locked-up OM tokens allocated to the team’s reserves. This decisive action comes in the wake of a staggering loss of over $5.5…

ZKsync Admin Account Hack Airdrop Tokens Incident On April 15, a hacker gained access to a ZKsync admin account, minting a staggering 111 million unclaimed tokens worth $5 million, according to the official ZKsync announcement. This isolated attack, which has not affected user funds, raised concerns as the compromised account had control over multiple airdrop…

CleanSpark Takes Bold Step with Self-Funding Strategy In a transformative move for its operations, CleanSpark has announced a groundbreaking self-funding strategy by selling a portion of its mined Bitcoin monthly, supported by a substantial $200 million credit line from Coinbase Prime. This dual approach aims to enhance financial independence amid market turbulence for Bitcoin mining…

The Impact of Bitcoin ETF Outflows on Market Interest Recent data reveals a startling $872 million net outflow from Bitcoin ETFs between April 3 and April 10, prompting concerns about diminishing market interest in cryptocurrency. As global trade tensions mount and economic uncertainties loom, traders are left questioning the stability of Bitcoin’s allure. Understanding the…

OpenAI’s Bold Move Towards Social Media OpenAI, led by Sam Altman, is reportedly developing a social media network that could challenge Elon Musk’s X and Mark Zuckerberg’s Meta Platforms. The ambitious project aims to integrate AI-generated content sharing capabilities, potentially transforming the way users engage on social media. Background and Context The emergence of an…

Is Bitcoin’s Death Cross a Sign of Doom? Bitcoin’s recent rally has reignited optimism among traders, but the confirmed death cross on April 6 could signal impending doom for the cryptocurrency’s market. This critical technical pattern raises concerns as it historically precedes major downturns, leaving many to question the future of Bitcoin amidst rising macroeconomic…

Donald Trump Launches New Cryptocurrency Gaming Venture Former US President Donald Trump is diving into the gaming world with a new cryptocurrency project set to launch in late April, blending digital assets with interactive gameplay reminiscent of classic board games. Background and Context Donald Trump’s latest endeavor into the realm of digital assets with his…

Traders Seize Opportunity Amid Mantra’s Price Plunge In a surprising turn of events, OM traders capitalized on the recent price crash, purchasing approximately 35 million tokens during the chaotic April 13 dumping hours, while analysts warn of a potential bull trap. Why the News Matters The recent surge in total-value-locked (TVL) on the Mantra blockchain…

Bitcoin’s Price Rally: Will It Maintain Above $90,000? As Bitcoin approaches the pivotal $90,000 mark, traders are divided on whether this significant resistance level will hold. After a series of fluctuations, current market data shows promising signals of recovery, but uncertainties remain about the sustainability of gains in the near term. Background and Context The…

Bitdeer Announces US Mining Rig Manufacturing Plans for 2025 In a strategic pivot amid global trade tensions, Bitcoin miner Bitdeer is set to commence manufacturing mining rigs in the United States, aiming to strengthen its self-mining operations and create jobs domestically. As market dynamics shift, the company prioritizes self-mining to adapt to the evolving cryptocurrency…