Ghost of satoshi
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Ripple vs. SEC: The Endgame Begins
After four years in court, Ripple and the SEC are finally nearing the finish line. Ripple agreed to a $50 million settlement—without admitting any wrongdoing. The SEC has dropped its appeal over XRP being a security on public exchanges.
With SEC Chair Gary Gensler stepping down and a more crypto-friendly replacement in place, things are looking up for Ripple and the broader crypto space.
Today, Ripple is expected to file its final brief, potentially shaping the future of digital asset regulation in the U.S.
Big moment for crypto. Stay tuned.
#Ripple #secvxrp
After four years in court, Ripple and the SEC are finally nearing the finish line. Ripple agreed to a $50 million settlement—without admitting any wrongdoing. The SEC has dropped its appeal over XRP being a security on public exchanges.
With SEC Chair Gary Gensler stepping down and a more crypto-friendly replacement in place, things are looking up for Ripple and the broader crypto space.
Today, Ripple is expected to file its final brief, potentially shaping the future of digital asset regulation in the U.S.
Big moment for crypto. Stay tuned.
#Ripple #secvxrp
Those who had jonined kernel megadrop check your spot account. Binance just distributed kernel tokens from megadrop pool.
I locked some bnb and completed web3 quest.received 15.5 kernel tokens.
How many have you got?
#KernelDAOMegadrop
I locked some bnb and completed web3 quest.received 15.5 kernel tokens.
How many have you got?
#KernelDAOMegadrop
#omcrash
After overnight crashing down to 0.36 from 6$ om token corrrceted to 1.1$ only to decline again at 72 cents.However It's gaining somewhat bullish mometum again
next interesting zone would be 0.92 to 0.96
If this level holds and consolidates it can go to 1.1 to 1.2 or higher
This is not a financial advice.
DYOR, BE SAFE
#BinanceSafetyInsights
After overnight crashing down to 0.36 from 6$ om token corrrceted to 1.1$ only to decline again at 72 cents.However It's gaining somewhat bullish mometum again
next interesting zone would be 0.92 to 0.96
If this level holds and consolidates it can go to 1.1 to 1.2 or higher
This is not a financial advice.
DYOR, BE SAFE
#BinanceSafetyInsights
OMUSDT
Long
Closed
PNL (USDT)
+0.12
OM (MANTRA) CRASH
#omcrash
OM Token Crash Overnight: A Breakdown of the Mantra Meltdown
In a stunning turn of events, the OM token, the native asset of the Mantra ecosystem, suffered a dramatic crash overnight—plummeting over 90% in value within hours. The token, which was trading above $6, nosedived to below $0.37, wiping billions in market cap and sparking widespread concern in the crypto world
Unraveling the Collapse
The collapse appears to have been triggered by a wave of forced liquidations. According to Mantra co-founder John Patrick Mullin, a large investor's leveraged position was liquidated, leading to a domino effect across centralized exchanges. Adding fuel to the fire, the Mantra team had recently minted 888 million new OM tokens—effectively doubling the circulating supply. This decision raised red flags among investors who feared dilution and questioned the timing.
Community Reaction and Allegation
The reaction from the crypto community was swift and intense. Accusations of a "rug pull" began circulating, with some alleging that insiders had dumped tokens during the crash. Social media lit up with screenshots, theories, and anger—especially after the project’s official Telegram group became temporarily inaccessible. The incident has severely damaged trust, with many investors calling for a full audit and greater transparency from the Mantra team
Mantra Team's Response
The Mantra team has denied any malicious intent. In a public statement, they blamed “reckless liquidations” rather than internal activity for the crash. Mullin offered transparency by publishing the wallet addresses holding team tokens, which he claimed had not been touched. Despite the effort to reassure the community, many remain unconvinced and are demanding more detailed evidence and accountability.
The road to recovery will be steep for OM. Investor confidence has been deeply shaken, and the project must now work hard to rebuild its reputation. Whether Mantra can stabilize and regain trust remains to be seen. For now, the OM token crash stands as a cautionary tale in crypto's volatile landscape—highlighting the risks of low liquidity, leverage, and unclear tokenomics
#SecureYourAssets
OM Token Crash Overnight: A Breakdown of the Mantra Meltdown
In a stunning turn of events, the OM token, the native asset of the Mantra ecosystem, suffered a dramatic crash overnight—plummeting over 90% in value within hours. The token, which was trading above $6, nosedived to below $0.37, wiping billions in market cap and sparking widespread concern in the crypto world
Unraveling the Collapse
The collapse appears to have been triggered by a wave of forced liquidations. According to Mantra co-founder John Patrick Mullin, a large investor's leveraged position was liquidated, leading to a domino effect across centralized exchanges. Adding fuel to the fire, the Mantra team had recently minted 888 million new OM tokens—effectively doubling the circulating supply. This decision raised red flags among investors who feared dilution and questioned the timing.
Community Reaction and Allegation
The reaction from the crypto community was swift and intense. Accusations of a "rug pull" began circulating, with some alleging that insiders had dumped tokens during the crash. Social media lit up with screenshots, theories, and anger—especially after the project’s official Telegram group became temporarily inaccessible. The incident has severely damaged trust, with many investors calling for a full audit and greater transparency from the Mantra team
Mantra Team's Response
The Mantra team has denied any malicious intent. In a public statement, they blamed “reckless liquidations” rather than internal activity for the crash. Mullin offered transparency by publishing the wallet addresses holding team tokens, which he claimed had not been touched. Despite the effort to reassure the community, many remain unconvinced and are demanding more detailed evidence and accountability.
The road to recovery will be steep for OM. Investor confidence has been deeply shaken, and the project must now work hard to rebuild its reputation. Whether Mantra can stabilize and regain trust remains to be seen. For now, the OM token crash stands as a cautionary tale in crypto's volatile landscape—highlighting the risks of low liquidity, leverage, and unclear tokenomics
#SecureYourAssets
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