The week of April 13–19, 2025, was eventful in the cryptocurrency world, marked by significant market movements and developments. Here's a concise summary of the key happenings:​

OM Token Plummets 92% in Hours

  • MANTRA's OM token experienced a dramatic 92% drop, falling from $6.40 to $0.57.

  • Over $6 billion in market capitalization was wiped out.

  • Co-founder John Mullin attributed the crash to exchange-triggered liquidations.

  • On-chain data revealed over 43 million tokens moved to exchanges before the crash.

  • The disappearance of MANTRA's social media accounts raised concerns about transparency and trust.

Tether Supports Decentralized Bitcoin Mining

  • Tether partnered with OCEAN, a mining pool led by Bitcoin Core developer Luke Dashjr.

  • The collaboration aims to decentralize Bitcoin mining using the DATUM protocol.

  • Tether's involvement aligns with its initiatives in renewable-powered mining in Latin America and financial inclusion in Africa.

Pi Network Faces Potential 55% Price Drop

  • Analysts warn of a possible 55% decline in Pi Network's price due to massive token unlocks.

  • Over 1.5 billion Pi tokens are set to enter the market this year.

  • Lack of listings on major exchanges like Binance and Coinbase contributes to weak demand.

  • Technical patterns suggest further downside unless tokenomics are adjusted.

Bitwise Lists Crypto ETPs on London Stock Exchange

  • Bitwise introduced four Germany-issued crypto Exchange-Traded Products (ETPs) on the London Stock Exchange.

  • The ETPs include products for Bitcoin and Ethereum staking.

  • This move expands institutional access to European digital assets.

Bitcoin's Market Dominance Reaches 3-Year High

  • Bitcoin's market dominance climbed to 63%, the highest since early 2021.

  • Ethereum, Cardano, and Dogecoin posted double-digit losses over the past month.

  • Investors are gravitating towards Bitcoin as a safer asset amid market volatility.

Ethereum's Value Against Bitcoin Declines

  • The ETH/BTC ratio dropped to 0.0186, the lowest since January 2020.

  • Technical indicators point to a bearish trend, including a death cross and inverse cup and handle pattern.

  • Competition from Layer 1 and Layer 2 chains like Base and Arbitrum is diverting capital from Ethereum.

HashKey Launches Asia's First XRP Tracker Fund

  • HashKey Capital introduced Asia's first XRP Tracker Fund, backed by Ripple.

  • The fund targets professional investors seeking exposure to XRP without managing wallets or private keys.

  • Ripple's involvement indicates growing confidence in XRP and potential for future ETFs.

BNB Chain Revamps $100M Incentive Program

  • BNB Chain updated its $100 million incentive program to directly purchase tokens from selected native projects.

  • The new approach involves direct investments of at least $100,000 per project, based on on-chain checks.

  • The change aims to drive meaningful growth across its Web3 ecosystem.

Arbitrum Surpasses $300B in Uniswap Trading Volume

  • Arbitrum achieved a milestone by exceeding $300 billion in Uniswap trading volume, leading among Layer 2 networks.

  • The network's user activity surged over 40% this month, bolstered by upgrades like Operation Slowmo and zkVerify.

  • Arbitrum's growth solidifies its position in scaling Ethereum.


#CryptoWeeklyRecap #BitcoinDominance #ArbitrumGrowth


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📢Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always conduct your research before making investment decisions.