what's wrong with my bio bruh, binance what is this?💀🪦 $OM | Get_Psyched0_0 on Binance Square

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what's wrong with my bio bruh, binance what is this?💀🪦 $OM 

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Today $SOL is having a quite calm day, with slight fluctuations in its price. Traders are paying attention to market news, but in general, it seems to be in a consolidation mode. Nothing exciting for now!

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#USStablecoinBill U.S. Congress is currently considering two major bills to regulate stablecoins: the STABLE Act and the GENIUS Act. STABLE Act: This bill proposes strict federal oversight, requiring stablecoin issuers to be insured depository institutions or federally approved nonbanks. It mandates 1:1 reserve backing, monthly reserve disclosures, and imposes a two-year ban on algorithmic stablecoins. GENIUS Act: Offering a more flexible approach, this bill allows both federal and state regulation. It requires stablecoin issuers to maintain 100% reserves in U.S. dollars or short-term Treasuries, conduct monthly reserve disclosures, and comply with anti-money laundering regulations. The act also prioritizes consumer claims in bankruptcy proceedings.

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#MarketPullback A market pullback refers to a temporary pause or dip in an asset's overall trend. It's often seen as an opportunity to buy into an asset that's in an overall uptrend, but traders should be cautious not to buy in too early without a risk management strategy. Causes of Market Pullbacks: - Profit-Taking: Traders sell assets to lock in profits after a price increase. - Market Sentiment: Changes in market sentiment can cause temporary price drops. - Economic Announcements: Unexpected economic news can lead to market pullbacks Key Points to Consider: - Temporary Nature: Pullbacks are temporary, whereas reversals are more permanent changes in trend. - Risk Management: Having a risk management strategy in place is crucial when buying into a pullback. - Indicators: Moving averages and pivot points can help determine whether a pullback is actually a reversal Current Market Situation: The S&P 500 and Nasdaq indices have seen recent pullbacks, with the S&P 500 down 0.57% and Nasdaq down 0.56%. Earnings results from major companies like Apple and Amazon have contributed to market fluctuations. Investors are also awaiting the April jobs report for clues on the employment market.

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For the past two weeks, our team has worked to develop and execute concrete solutions that will rebuild trust within the MANTRA community. Today, I shared our progress and upcoming actions onstage at TOKEN2049 in Dubai, and I want to share them here for everyone; 1. Governance Improvements We're making significant governance improvements to MANTRA Chain with a focus on decentralization. We’re accelerating our validator diversification efforts by winding down internal validators while adding more support partners. By the end of Q2 2025, we'll have reduced internal validators by half and onboarded 50 total external partner validators. 2. Enhanced Transparency ‍Immediately after the price drop, we published a real-time dashboard to provide public information on tokenomics as we continued our own investigation. This dashboard will remain live for our community, with further improvements planned. 3. OM Token Burn ‍As promised, I've completed the 150 million burn of my staked OM tokens, permanently removing them from total supply. I am committed to this project, to our recovery, and to rebuilding trust within our community, and I hope and believe this action represents a significant move toward that mission. 4. Technical Resilience ‍Despite the challenges we've faced, MANTRA Chain continued to operate without interruption during the price drop, even with transaction volumes at all-time highs. Additionally, with a continued focus on resilience and risk-mitigation, we’ve launched OMSTEAD, our MANTRA Chain EVM testnet currently in Alpha. ‍ 5. Industry-Wide Call to Action ‍This is bigger than MANTRA: Liquidation cascades could happen to any project in the crypto industry. Policies that allow aggressive leverage positions create substantial systemic risk. We’re cooperating with major exchanges to improve market stability, and we’re calling on the rest of our industry to provide input on how exchange policies can minimize (or continue to permit) policies that create risk to investors. The path ahead requires methodical, transparent rebuilding.$OM 5day

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The collapse, which occurred on April 13, 2025, sparked fears of a rug pull and led to widespread confusion and panic among investors. The sudden crash was attributed to forced liquidations initiated by centralized exchanges, according to Mantra co-founder John Patrick Mullin. The situation has prompted discussions about the role of exchange policies in creating market risk and the need for greater transparency in the crypto industry. Here's a more detailed breakdown: Significant Price Drop: The OM token's price plummeted by over 90%, from a high of around $6 to a low of $0.456472 within a single day. Market Cap Loss: The market capitalization of Mantra (OM) fell from over $6 billion to $681 million in the same timeframe. Liquidation Event: Mantra co-founder JP Mullin blamed "reckless forced closures" by a centralized exchange for triggering the crash. Community Reaction: The sudden crash led to concerns about a rug pull and comparisons to other crypto failures like Luna and FDX. Team Response: Mantra has expressed its commitment to working with exchanges to improve market stability and calling for industry-wide discussions on exchange policies. Burning of Staked Tokens: Mantra has also burned 150 million staked OM tokens to reduce the total supply and enhance transparency. Transparency and Rebuilding: Mantra has launched a real-time dashboard to provide tokenomics data and is focusing on rebuilding trust with the community,$OM

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