Mantra’s OM token crash saw 7,000% surge in derivatives trading amid market chaos
Binance and OKX respond to volatile OM trading, tightening risk controls amid scrutiny.
Happy Monday!
Today’s crypto markets are grappling with turbulence and intrigue. Mantra’s OM token crash triggered a staggering 7,000% surge in derivatives trading, with Binance and OKX tightening risk controls amid allegations of reckless liquidations. Meanwhile, investors pulled $795M from crypto ETPs as tariff uncertainties loomed, though XRP defied the trend with inflows. Markets saw a modest rebound after Trump excluded key tech products from reciprocal tariffs, raising questions about economic priorities.
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The global crypto market cap is $2.67 trillion, with a 24-hour volume of $93.91 billion. The price of Bitcoin is $84,441.36, and BTC market dominance is 62.8%. The price of Ethereum is $1,628.50, and ETH market dominance is 7.4%. The best-performing sector is Cannabis, which gained 13%. The Crypto Fear & Greed Index is currently Extreme Fear (31).
📰 Top News
Mantra’s OM token crash saw 7,000% surge in derivatives trading amid market chaos
Binance and OKX respond to volatile OM trading, tightening risk controls amid scrutiny.
Investors pull $795 million from crypto ETPs, XRP continues to buck trend with inflows
Trump's tariff uncertainties lead to a draining investment landscape for crypto assets, except for rising XRP.
Crypto markets slightly rebound as Trump excludes smartphones, laptops, semiconductor machines from reciprocal tariffs
In a concession to appease markets, Washington makes tariffs exceptions that benefit large tech companies like Apple and raise concerns from critics.
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