OM Token Faces Turbulent Week: Crash, Recovery Efforts, and Community Response April 20, 2025 – The cryptocurrency market was rocked last week by a dramatic 90% crash of Mantra’s $OM token on April 13, plummeting from $6.30 to under $0.50 in mere hours, wiping out over $5 billion in market capitalization. The sudden collapse sent shockwaves through the crypto community, sparking allegations of market manipulation, insider dumping, and liquidity issues. Here’s a roundup of the latest developments
1. Fundamentals of $CAKE Token Platform Overview: CAKE powers PancakeSwap, an automated market maker (AMM) launched in September 2020. It facilitates token swaps, liquidity provision, yield farming, staking, and governance on BSC, known for low fees and fast transactions compared to Ethereum-based DEXs like Uniswap. 🚀 Utility: 🛸 Governance: CAKE holders vote on platform proposals (e.g., feature upgrades, tokenomics changes). 🛸 Staking: Users stake CAKE in Syrup Pools or farms to earn re
Swiss National Bank (SNB) President Martin Schlegel has rejected the idea of holding bitcoin as part of Switzerland’s national reserves, responding to a recent citizens’ initiative pushing for bitcoin and gold-backed reserves. According to Swiss Info, Schlegel argued that bitcoin’s high volatility makes it unsuitable as a long-term reserve asset. Additionally, he emphasized the need for high liquidity in central bank reserves to ensure swift monetary policy actions, something cryptocurrencies ca