The crypto investor feeling achieved one other significant success this week after the OM-token from Mantra collapsed over 90% and triggered knee jerk comparisons with previous black swan events similar to the Terra-Luna collapse.
Elsewhere, Coinbase's report for institutional investors added concerns by emphasizing that cryptocurrencies may be on a bear market until a recovery is made within the third quarter of 2025.
Mantra om token crash reveals “critical” liquidity problems in crypto
Mantra's most up-to-date token collapse shows an issue within the crypto industry of fluctuating weekend liquidity levels, which cause additional downward volatility that will have tightened the crash of the token.
The price of the mantra (OM) token collapsed on Sunday, April 13, by over 90% from around $ 6.30 to lower than $ 0.50, which caused the accusations of market manipulation under disillusioned investors, reported Cintelegraph.
While blockchain analysts are still assembling the explanations for the OM collapse, the event shows some vital problems for the crypto industry, based on Gracy Chen, CEO of the Bitget Cryptocurrency Exchange.
“The OM -Token crash has revealed several critical problems that we see not only in OM, but additionally as an industry,” said Chen through the Chainreacection Daily X Show from CoinTelegraph and added:
“If it’s a token that is simply too concentrated, the concentration of assets and the very opaque government in addition to sudden exchange inflows and outflows. […] In combination with the forced liquidation in very low liquidity times in our industry, the nice acceptance created. “Source: cointelegraph
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Crypto in a bear market that probably in Q3 Coinbase
A monthly market check by publicly traded US crypto Exchange Coinbase shows that the crypto market is referring to, but is preparing for a greater quarter.
According to the monthly outlook for institutional investors from April 15 from Coinbase, the old coin market capitalization shrank from $ 1.6 trillion to $ 950 billion until December 2024. BTC Tools data show that this metric touched a low point of 906.9 billion US dollars on April 9 and was 976.9 billion dollars on the time of writing.
The financing of the chance capital for crypto projects has declined by 50% –60% from 2021 to 22. In the report, the worldwide research manager of Coinbase, David Duong, emphasized that a brand new crypto winter could possibly be present.
“Several convergent signals can indicate the start of a brand new” crypto winter “, since resulting from the onset of world tariffs and the potential for further escalations, an extreme negative mood has set,” he said.
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The details of the Manta founders tried Zoom Hack from Lazarus, who used very real “legitimal faces”
Kenny Li, co-founder of Manta Network, said that he was specifically utilized by a classy phishing attack on zoom, wherein live recordings were used to draw him to download malware.
The meeting appeared to be real with the camera's camera, but the shortage of sound and a suspicious request to download a script, Li said in a post on April 17.
“I could see her legitis faces. Everything looked very real. But I couldn't hear her. It said my zoom needs an update. But it asked me to download a script file. I went immediately.”
Li then asked the imitator to confirm himself via a telegram call. However, they didn’t enter into and deleted all of the messages and shortly blocked it.
Li said the North Korean state-supported Lazarus group was behind the attack.
The co -founder of Manta Network managed to check with the attacker before deleting the news about screenshot, at which Li initially suggested the decision to Google Meet.
In conversation with CoinTelegraph, he believed that the live recordings utilized in the video call come from earlier recordings of real team members.
“It didn't appear to be generated. The quality looked like a typical webcam quality looks.”
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Ki -token, Memecoins dominate crypto counts in Q1 2025: Coingecko
The cryptocurrency market still recycles old stories, whereby only a number of recent trends replace the leading topics in the primary quarter of 2025 and replace the leading topics.
Artificial intelligence token and memoins were the dominant crypto counts in the primary quarter of 2025, which made 62.8% of the interest within the investor, as may be seen from a quarterly research report by Cointencko. AI -token captured 35.7% of the worldwide investor interest and overtook the 27.1% share of memoins that remained in second place.
Among the highest 20 crypto counts of the quarter were six Memecoin categories, while five were AI.
“It seems that we now have not yet appeared one other recent story, and we’re still following the trends of the past quarters,” said Bobby Ong, co -founder and Chief Operating Officer from Coingecko, in a post on April 17 on April 17. “I believe we’re all uninterested in the usual trends that repeat themselves.”
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Crypto loan rental of 2021 heights by 43%, Defi credit recordings increase 959%
The size of the crypto credit market market stays significantly from its 64 billion dollar -high but decentralized financing loans (Defi) has achieved a recovery of greater than 900% of the bear market lows.
With crypto credits, borrowers can use their crypto components as collateral to get crypto or Fiat loans while lenders can use their stocks to generate interest.
The crypto credit market decreased by over 43%, from its all-time high of $ 64.4 billion in 2021 to $ 36.5 billion at the top of the fourth quarter of 2024.
“The decline may be attributed to the decimation of lenders on the offer side and funds, individuals and corporations on the demand page,” said Zack Pokorny, Research Associate at Galaxy Digital.
The decline within the crypto credit market market began in 2022, as CEFI loan Genesis, Celsius Network, Blockfi and Voyager registered a bankruptcy inside two years when the crypto rankings fell.
Their collective downfall led to an estimated burglary of 78% in the dimensions of the credit market, with CEFI loans lost 82% of its open loans, based on the report.
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Defi market overview
According to data from CoinTelegraph Markets Pro and TradingView, a lot of the 100 largest cryptocurrencies after market capitalization ended the week within the green.
The token of Decentralized Exchange (Dex) Raydium (Ray) as the biggest gainer of the week rose over 26%, followed by the utility token from blockchain (AB), a rise of over 19% on the weekly table.
Thank you for reading our summary of essentially the most effective Defi developments this week. Visit us next Friday to get further stories, insights and education in relation to this dynamically promoting space.
