Mantra's OM Coin recently experienced a significant crash, losing 90% of its value and leading to various allegations of fraud and insider selling. The collapse has fuelled fears across the crypto market as well as deep concerns around market liquidity. To rectify the situation, the founders have announced plans to initiate a large-scale token burn, destroying approximately 300 million OM tokens. Despite these efforts, the market remains wary as the coin struggles to recover its losses. In other news, the Trump family's net worth has reportedly skyrocketed due to profitable crypto investments. However, controversy has ensued over discussions of minting a $1 Trump coin to celebrate the 250th anniversary of US independence. Amidst all these developments, the US Senate has passed the GENIUS stablecoin bill, marking the crypto industry's first significant legislative win. Meanwhile, investment giant Coinbase has updated its Q1 2025 earnings with ratings seeing an upgrade. Coinbase Ventures themselves appear to be betting big on real-world assets (RWA), DeFi, and AI for the future.
OM Coin News Analytics from Mon, 22 Aug 2022 19:33:09 GMT to Wed, 26 Nov 2025 10:00:00 GMT -
Rating -9
- Innovation -4
- Information 8
- Rumor -5