Fonte Capital has launched a Bitcoin ETF on Astana International Exchange in Kazakhstan. Across the globe, Georgia County implemented election results on
Bitcoin to increase election security. Simultaneously, Strategy invested $18M on BTC's fifth year anniversary. Meanwhile,
OM Coin, operated by Mantra, encountered a significant setback, experiencing a 90% crash. This drastic drop has exposed liquidity concerns in the crypto market and led to fraud allegations against
Mantra, contributing to speculations that it might be the next crypto catastrophe. In response, Mantra decided to commence an elaborate OM token burn program to regain the community’s confidence, attributing their drastic price drop to risky exchange policies. Even so, questions remain regarding the OM token collapse, with fears of a potential repeat of Luna-style meltdown. Despite this setback, pros of OM Coin remain as the token achieved a 100% surge, raising $4 million. However, the trust in its ability to recover is decling, intensified by the recent OM token turbulence stirred by Movement Labs and Mantra scandal. Uncertainty persists as prices swing, reflecting the volatile cryptocurrency landscape. The collapse led to billions wiped in hours and sparked accelerating concerns about liquidity and insider dumping. Some investors assert the OM crash was triggered by exchanges, describing the incident as 'forced liquidations'. Further adding to OM Coin's challenges is the sighting of a trader losing 15 million on Mantra as the OM crypto founder takes an expensive airline. To rectify this dire situation,
Mantra has begun initiating a double burn - slated to destroy 300 million OM tokens post-collapse.
OM Coin News Analytics from Sat, 18 Jan 2025 08:00:00 GMT to Wed, 13 Aug 2025 19:36:15 GMT -
Rating -6
- Innovation -4
- Information 4
- Rumor 2
