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The MANTRA team announced the burning of 300 million OM
The MANTRA team announced a massive burn of 300 million OM tokens to restore investor trust after a 90% price drop of the token, which fell from $6.30 to $0.50 on April 13, 2025 [web:19]. Project founder John Patrick Mallin decided to burn his share of 150 million OM, valued at $80 million, as well as additional tokens from 'ecosystem partners', although details regarding the latter have not been disclosed [web:0]. This will reduce the total supply from 1.82 billion to 1.67 billion tokens, and the ratio of locked tokens will decrease from 31.47% to 25.30%, which may increase staking rewards [web:0].
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Crypto products recorded an influx of capital of $6 million
According to the latest CoinShares report, from April 12 to April 18, 2025, crypto products recorded an influx of capital amounting to $6 million after an outflow of $795 million the previous week [web:9]. This positive trend was made possible by the increased interest from investors in XRP, which gained attention due to the approval of the first spot XRP-ETF in the USA and Ripple's progress in cross-border payments. Overall, XRP funds attracted a significant portion of capital, indicating a recovery in trust in this asset.
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WazirX will resume operations after the $235 million hack
The Indian cryptocurrency exchange WazirX is preparing to resume operations after a massive hack in July 2024, when hackers linked to the North Korean group Lazarus stole $235 million from the platform's multi-signature wallet. Following the incident, the exchange halted operations but recently received approval from the majority of creditors (93%) for a restructuring plan that involves returning 75-80% of the funds to users in USDT and issuing 'recovery tokens' tied to the platform's future profits.
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Crypto detective criticized the founder of Base for supporting 'viral' tokens
Crypto detective ZachXBT sharply criticized Jesse Pollak, the founder of Base from Coinbase, for supporting the so-called 'viral' tokens of the Zora platform. The conflict erupted after Pollak praised the success of Zora tokens, which reached a record number of active users on April 20, 2025 [web:0]. In his tweet, ZachXBT noted: 'All these “viral” coins — and none even have a market cap over $5 million,' accusing the project of speculative hype [web:0].
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Crypto funds showed positive inflows thanks to XRP from Ripple
Recently, cryptocurrency investment funds have demonstrated positive inflows, largely due to the growing interest in XRP from Ripple. According to CoinShares, from April 12 to April 18, 2025, clients of crypto funds invested $6 million after an outflow of $795 million the week before. The main driver was XRP, which attracted investors' attention due to the development of Ripple's cross-border payments and positive news such as the approval of the first spot XRP-ETF in the USA. This caused the price of XRP to rise by 20% to $0.75, although analysts predict consolidation between $0.70 and $0.80.
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CryptoQuant noted a significant increase in open interest in Bitcoin over the day
Experts from the analytical platform CryptoQuant reported a record increase in open interest (OI) for Bitcoin over 24 hours, calling it 'the largest in some time' [web:0]. According to the data, OI rose by 17.4%, which occurred due to activity in the derivatives market. Analysts note that such spikes often indicate speculative frenzy, but warn: such moves driven by derivatives usually lack sustainability [web:0].
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BYDFi launched a new tool, MoonX, for on-chain trading
On April 18, 2025, at Paris Blockchain Week, the cryptocurrency exchange BYDFi officially introduced a new tool, MoonX, designed for on-chain trading. MoonX is aimed at meme coin investors and offers features such as trend detection, risk filtering, smart money tracking, and trade optimization. The launch marks BYDFi's transition into the 'dual engine' era, combining centralized (CEX) and decentralized (DEX) platforms.
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WSJ: Circle, BitGo, and other crypto companies plan to obtain bank licenses
According to the Wall Street Journal, a number of major crypto companies, including Circle and BitGo, plan to apply for bank licenses in the U.S. This became known on April 21, 2025. In addition to Circle, the issuer of the USDC stablecoin, and the custodial service BitGo, the list also includes Coinbase, Paxos, and other firms. This move is aimed at strengthening ties with the traditional banking system following events such as the collapse of FTX and the closure of banks Silvergate and Signature.
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Blocksquare and Vera Capital have signed a $1 billion deal for real estate tokenization in the U.S.
On April 18, 2025, Blocksquare and Vera Capital announced a $1 billion deal for real estate tokenization in the U.S. The collaboration will cover commercial and multifamily real estate in seven states, providing global investors access to institutional assets via blockchain. Vera Capital will launch a digital platform based on Blocksquare's white label, where tokenized ownership shares can be purchased.
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The fall in oil prices due to Trump's trade war is exhausting Putin's military treasury. At current prices, Russia could lose ~1 trillion rubles this year, which will lower GDP growth by 0.5%.
Economists and experts for the Financial Times note: the impact of low prices on the budget will manifest in a few months.
#OilPriceCrash #TradeWar #RussiaEconomy #MiningUpdates
Subscribe to #MiningUpdates for the latest news!
Economists and experts for the Financial Times note: the impact of low prices on the budget will manifest in a few months.
#OilPriceCrash #TradeWar #RussiaEconomy #MiningUpdates
Subscribe to #MiningUpdates for the latest news!
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Scottish school first in the UK to introduce payment in Bitcoin
Lomond School, a private boarding school in Helensburgh, Scotland, has announced that starting in autumn 2025, it will be the first in the UK to accept tuition payments in Bitcoin. The decision was made after numerous requests from parents who wish to use cryptocurrency. According to the administration, this aligns with the spirit of 'independent thinking and innovation', although other cryptocurrencies, such as Ethereum, will not be accepted.
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Vitalik Buterin Aims to Restore Ethereum's Privacy
On April 11, 2025, Ethereum co-founder Vitalik Buterin unveiled an action plan to enhance the privacy of users in the ecosystem $ETH . His 'roadmap' focuses on four key aspects: payment privacy on the network, activity anonymization, protection of RPC calls, and anonymity of network interactions. At the same time, Buterin proposes to minimize changes to L1 consensus to maintain blockchain stability.
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😮 PANIC IN THE AMERICAN STOCK MARKET
The main index S&P 500 has fallen by -10% in recent weeks, and the shares of most 🇺🇸 tech giants have dropped even more due to the tariffs imposed.
As a result, the fear and greed index has fallen to its lowest levels since 2022 - 4.41 (extreme fear).
👉 Remember that the fear index is an additional tool for analysis, not a trading strategy. After the maximum fear in 2022, the S&P 500 fell even lower, and only after that was there a market reversal.
Today, I see crypto experts who advised buying every dip in altcoins for several months, now becoming stock market experts and recommending to buy the dip in stocks. Maybe this time it will be luckier 😏
🟠 I would advise waiting for the formation of an upward trend for $BTC
to make decisions. By the way, crypto has been holding up quite well in recent days even amidst the fund's decline. This is positive.
#TrumpTariffs
#MiningUpdates
The main index S&P 500 has fallen by -10% in recent weeks, and the shares of most 🇺🇸 tech giants have dropped even more due to the tariffs imposed.
As a result, the fear and greed index has fallen to its lowest levels since 2022 - 4.41 (extreme fear).
👉 Remember that the fear index is an additional tool for analysis, not a trading strategy. After the maximum fear in 2022, the S&P 500 fell even lower, and only after that was there a market reversal.
Today, I see crypto experts who advised buying every dip in altcoins for several months, now becoming stock market experts and recommending to buy the dip in stocks. Maybe this time it will be luckier 😏
🟠 I would advise waiting for the formation of an upward trend for $BTC
to make decisions. By the way, crypto has been holding up quite well in recent days even amidst the fund's decline. This is positive.
#TrumpTariffs
#MiningUpdates
#Alpha2.0ProjectEvaluation
The Alpha Project is seeing significant developments across multiple sectors today.
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**Energy & Resources:** Greenvale Energy has paused its Alpha Torbanite Project's Scoping Study to reassess development pathways after mixed results from recent product testing. Meanwhile, Alpha Lithium continues to refine its Tolillar Project, reporting a strong economic outlook with an estimated C$2.3 billion Net Present Value.
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**Exploration & Mining:** Alpha Exploration is pushing forward with an 8,000-meter drilling program at its Kerkasha Project, focusing on high-priority gold prospects. Additional rigs are being deployed to speed up exploration.
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**Technology & Innovation:** Project Alpha Phase II is addressing real-world efficiency issues in electric motors, working on solutions to mitigate range anxiety and reduce energy costs.
These projects are evolving rapidly, with key updates expected as evaluations and research continue.#MiningUpdates #LithiumMining #GoldExploration #businessgrowth $QNT $W $ETH
The Alpha Project is seeing significant developments across multiple sectors today.
-
**Energy & Resources:** Greenvale Energy has paused its Alpha Torbanite Project's Scoping Study to reassess development pathways after mixed results from recent product testing. Meanwhile, Alpha Lithium continues to refine its Tolillar Project, reporting a strong economic outlook with an estimated C$2.3 billion Net Present Value.
-
**Exploration & Mining:** Alpha Exploration is pushing forward with an 8,000-meter drilling program at its Kerkasha Project, focusing on high-priority gold prospects. Additional rigs are being deployed to speed up exploration.
-
**Technology & Innovation:** Project Alpha Phase II is addressing real-world efficiency issues in electric motors, working on solutions to mitigate range anxiety and reduce energy costs.
These projects are evolving rapidly, with key updates expected as evaluations and research continue.#MiningUpdates #LithiumMining #GoldExploration #businessgrowth $QNT $W $ETH
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The trader blocked $0.05 in Solana staking until the year 5138. WHAT IS THE PURPOSE????
👆👆👆The trader blocked $0.05 in Solana staking until the year 5138. WHAT IS THE PURPOSE????👆
In 2023, an unknown trader took an unusual step by blocking 0.00229
(approximately $0.05 at that time) in staking on the Solana blockchain with a release date in the year 5138 — over 3100 years from now. This case, reported in the crypto community on April 7, 2025, sparked surprise and discussions. Why would someone block such a tiny amount for millennia?
In 2023, an unknown trader took an unusual step by blocking 0.00229
(approximately $0.05 at that time) in staking on the Solana blockchain with a release date in the year 5138 — over 3100 years from now. This case, reported in the crypto community on April 7, 2025, sparked surprise and discussions. Why would someone block such a tiny amount for millennia?
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Trump's tariffs may weaken the USA's leadership in bitcoin mining.
The administration of Donald Trump has imposed new tariffs on the import of mining equipment, raising concerns in the industry.
Key points:
💸 Rising costs:
🔴 Importing ASIC miners is becoming more expensive — this reduces margins and makes mining less profitable for American companies.
Key points:
💸 Rising costs:
🔴 Importing ASIC miners is becoming more expensive — this reduces margins and makes mining less profitable for American companies.
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