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Mantra founder and CEO John Mullin has begun an $80 million burn of OM tokens to regain users’ trust following the token’s crash earlier in April. However, the question of the underlying reasons for the crash remains unanswered, blockchain investigators told Cointelegraph.Unpacking Mantra’s OM crash would require a detailed forensic study rather than just basic blockchain analysis, said Natalie Newson, senior blockchain investigator at the blockchain security firm CertiK.“A full forensic investigation, akin to what we saw post-FTX, would be needed to substantiate claims of calculated exploitation,” Newson told Cointelegraph, highlighting challenges of tracing over-the-counter (OTC) transactions.Newson’s perspective on the…

Paul Atkins has taken the oath to formally become chairman of the U.S. Securities and Exchange Commission, which returns Mark Uyeda to his previous role as a Republican Commissioner after three busy months of service as the agency’s stand-in chief.Atkins permanently replaces the former chair, Gary Gensler, who the crypto industry had widely seen as its chief antagonist in the U.S. government. But Uyeda and fellow Commissioner Hester Peirce have already put the SEC on a path toward greater acceptance of digital assets, forming a crypto task force, shedding a long list of industry enforcement actions and gathering industry representatives…

The long-term downtrend of Chainlink was unbroken. The falling exchange reserve and outflows from exchanges pointed toward an accumulation trend. Chainlink [LINK] saw a 3.9% price drop over the past 24 hours, after climbing 21.6% from the 9th of April to Monday, the 21st of April. This seemed to hint that the recent dip might be short-term, but the token has been in a steady downtrend for much of 2025. Source: CryptoQuant The exchange reserve metric showed that Chainlink was increasingly flowing out of exchanges since July 2024. This was a bullish sign, as it indicated accumulation. Holders moving their…

Bithumb is breaking itself in two as it races toward an IPO, carving out its exchange and investment units to streamline operations and court investors. Bithumb’s Corporate Split Sets Stage for IPO Local media reports that the South Korean cryptocurrency exchange Bithumb is restructuring its operations ahead of a planned initial public offering (IPO) in […]

Key Points Blockchain gaming hit a record 4.2 million daily active users in August 2024. Players are attracted by economic opportunities and ownership of in-game assets. Notable platforms like Axie Infinity and Decentraland drive the sector’s growth. Scalability and regulatory uncertainty remain key challenges for blockchain gaming. https://x.com/DappRadar/status/1834159922595987585 Blockchain technology, initially confined to cryptocurrencies, has now expanded significantly into the gaming industry. In a milestone for this sector, blockchain-based games reached 4.2 million daily active users (DAUs) in August 2024, marking a critical moment for the intersection of decentralized technology and entertainment. This surge indicates a growing mainstream acceptance of…

We are pleased to announce that Hsiao-Wei Wang is joining the Ethereum Foundation’s Board of Directors. The current board members now include Aya Miyaguchi (President) , Vitalik Buterin (Founder), Patrick Storchenegger (Swiss council) and Hsiao-Wei Wang (Co-ED). As this transition unfolds, the board will share further updates on its role and functions in the Ethereum Foundation. Stay tuned for more details in the coming weeks.

Tiffany Stewart — Founder, CEO of Umoja The NFT realm is well-versed with innovative projects, but only some utilize Web3 technology with meaningful outreach. Meaning ‘unity’, Umoja NFTs support the aspirations of orphans in Uganda with the proceeds made from its digital art visuals.We were lucky enough to speak to the brain behind this project, Tiffany Stewart, who spoke out about the vision, mission, and measures that creatively assist those in need. So, join us as we delve into Umoja’s matchless union of artistry and humanity. First and foremost, please tell us about Umoja NFTs: Umoja, meaning ‘unity’, was born at…

As the cryptocurrency landscape evolves, Shiba Inu (SHIB) faces new contenders like XYZVerse (XYZ). This article explores the key distinctions between these tokens, delving into their unique features and market positions. By examining their strengths and potential, it aims to reveal which one might have the upper hand in the competitive crypto arena. Undervalued $XYZ Meme Coin Gears Up for Listing on a Major CEX XYZVerse ($XYZ) is the meme coin that has grabbed headlines with its ambitious claim of rising from $0.0001 to $0.1 during a presale phase. So far, it has gone halfway, raising over $12 million, and…

The cryptocurrency market has witnessed a surge in the adoption of automated trading solutions, with trading bots gaining prominence for their ability to analyze vast data sets and execute trades with precision.Cointelegraph has dissected historical bot revenues and token price rollercoasters and backtested strategy returns against the buy-and-hold yardstick to decode what bots shine brightest — and when — so you can pick the perfect bot to match your style and stomach for risk.We have examined three types of trading bots: Telegram bots trading on decentralized exchanges (DEX), non-Telegram bots trading on DEXs and on centralized exchanges (CEXs), and the…

In 2025, developing a cryptocurrency exchange may cost anywhere from $25,000 [for a very basic platform] to well over $1 million [for an enterprise-level solution complete with advanced features, top-tier security measures, and full regulatory compliance]. That’s a significant range, isn’t it? Yet the reasons behind this disparity become clearer when you examine each factor that impacts the cost to develop a crypto exchange. The development journey includes everything from initial design concepts and back-end frameworks to specialized modules for Know Your Customer [KYC]/Anti-Money Laundering [AML], trading engine configurations, liquidity integration, and beyond.But what exactly goes into that price? And…