Author: Ava Patel

Article written by Ava Patel

OM token crashes 92% due to forced liquidations by centralized exchanges: MANTRA’s co-founder.

6 hours ago 2 mins read

John Patrick Mullin, the co-founder and CEO of MANTRA, spoke about the sudden 90% drop in the price of the OM token. He explained that this decline was not due to any actions by the MANTRA team but was instead caused by “reckless forced closures” on centralized exchanges (CEXs) where the token is traded. Mullin pointed out that the crash happened quickly and without warning, suggesting that the exchanges acted

Ripple to acquire crypto broker Hidden Road

April 8, 2025 1 min read

Ripple, a leading asset manager, announced its acquisition of Hidden Road, a rapidly growing prime broker friendly to cryptocurrencies. The deal is valued at $1.25 billion and is expected to close in the coming months, pending regulatory approval. This acquisition is significant as it positions Ripple as the first cryptocurrency firm to own a global, multi-asset prime broker. The announcement comes after reports that Hidden Road was in discussions for

Circle may delay its IPO plans

April 6, 2025 1 min read

Circle, the company behind the USDC stablecoin, is considering delaying its initial public offering (IPO) due to economic uncertainty caused by new U.S. trade tariffs. The Wall Street Journal reports that Circle has filed registration papers with the SEC on April 1 but is now hesitant to proceed. This hesitation is part of a broader trend, as other companies like Klarna and StubHub are also reevaluating their IPO plans in

Pump.fun brings back livestreaming

April 6, 2025 1 min read

Pump.fun, a popular meme coin launchpad on Solana, has reintroduced its livestreaming feature for 5% of users after a suspension due to inappropriate content. Co-founder Alon announced this change on Friday. The platform faced backlash for disturbing content that aired during some streams, prompting a need for new guidelines. To address these issues, Pump.fun has implemented a content moderation policy. This policy aims to protect users and the platform from

BlackRock and the SEC’s new crypto task force to discuss ETF

April 4, 2025 1 min read

This week, BlackRock and the US Securities and Exchange Commission (SEC) held a meeting to discuss changes to the workflows of crypto exchange-traded products (ETPs). The meeting took place on April 1 and involved the SEC’s new Crypto Task Force. The main focus was on the structure and mechanics of crypto exchange-traded funds (ETFs). BlackRock’s team explored the idea of in-kind redemptions. This model allows authorized participants to exchange ETF

Elon Musk confirms that the US government has no plans to use Dogecoin

March 31, 2025 1 min read

Elon Musk addressed rumors today regarding Dogecoin and its potential use by the US government. He stated that there are no plans for the government to adopt Dogecoin, despite speculation linking the cryptocurrency to his new initiative, the Department of Government Efficiency (DOGE). Musk made these comments during a town hall meeting in Green Bay, Wisconsin. Initially, Musk intended to name the initiative the “Government Efficiency Commission.” However, he changed

Wirex launches Wirex Travel

March 28, 2025 2 mins read

Wirex has introduced a new service called Wirex Travel, which offers significant discounts on hotel bookings and cashback rewards. Users can save up to 65% on hotel stays and receive 8% cashback when they pay with a Wirex card. This launch directly competes with Travala, a well-established platform in the crypto travel market backed by Binance. Wirex is known for its Web3 money app and is now expanding into the

Canary Capital files for that ETF in a registration statement to the SEC

March 23, 2025 1 min read

Canary Capital has submitted a proposal for a new type of exchange-traded fund (ETF) called the Pengu ETF. This would be the first ETF of its kind. The firm is an institutional crypto trading and management company. They filed the registration statement with the U.S. Securities and Exchange Commission (SEC) on Thursday. The Pengu ETF will invest in non-fungible tokens (NFTs) and various cryptocurrencies. Specifically, it will focus on the

Coinbase to acquire Deribit

March 23, 2025 1 min read

Coinbase is in advanced talks to acquire Deribit, a leading trading platform for bitcoin and ether options. This information comes from Bloomberg, which cites anonymous sources. Both companies have informed Dubai regulators about these discussions, as Deribit holds a license there. Any buyer would take over this license. Coinbase is the largest crypto exchange in the U.S., while Deribit is the biggest for options trading. Coinbase has not confirmed the

Over $2 billion in Bitcoin and Ethereum options expire following the FOMC and Digital Asset Summit

March 21, 2025 2 mins read

Over $2 billion in Bitcoin and Ethereum options are set to expire today, following significant events like the FOMC meeting and the Digital Asset Summit. This expiration could lead to short-term market volatility, as traders monitor the situation closely. Data from Deribit indicates that many Bitcoin and Ethereum contracts are nearing their expiration. For Bitcoin, a large number of contracts are closing near a price point known as the “maximum

Volatility Shares’ Solana futures ETFs start trading tomorrow

March 20, 2025 1 min read

Volatility Shares is set to launch the first-ever exchange-traded funds (ETFs) that track Solana futures. This event is significant as it may lead to the approval of a spot Solana ETF in the future. The launch follows a pattern seen with Bitcoin and Ether, where futures-based products were approved before spot ETFs. According to a Bloomberg report, Volatility Shares will introduce two ETFs: the Volatility Shares Solana ETF (SOLZ) and

Trump’s World Liberty Financial raises $550 million in a token sale

March 17, 2025 1 min read

World Liberty Financial (WLFI) is a decentralized finance (DeFi) project that has gained attention due to endorsements from former President Donald Trump and his sons. The project recently completed its token sale, raising $550 million. WLFI was launched in September and aims to promote decentralized finance and stablecoins pegged to the US dollar. The main feature of WLFI is its DeFi lending platform, which operates on the Ethereum blockchain and