The sentiment of cryptographic investors was adopted by another significant hit this week after the Mantra token collapsed by over 90% within a few hours on Sunday, April 13, causing the knee comparisons with previous Black Swan events, such as the collapse of Terra-Luna.
Elsewhere, the Coinbase report for institutional investors increased his fears, emphasizing that cryptocurrencies may be on bears until he appears in the third quarter of 2025.
Mantra OM token Crash reveals “critical” liquidity problems in cryptography
The last collapse of the mantra tokens emphasizes the problem in the cryptographic industry of weekend fluidity variables, causing additional inheritance variability that could tighten the token accident.
The price of the Mantra (OM) token fell by more than 90% on Sunday, April 13, from around USD 6.30 to below 0.50 USD, which causes charges of market manipulation among disappointed investors, Cointelegraph informed.
While Blockchain analysts are still combining the causes of OM, the event emphasizes several key problems for the cryptographic industry, according to Graca Chen, CEO of Bitget Exchange Exchange.
“The OM token disaster revealed several critical problems that we see not only in OM, but also as an industry,” said Chen during the daily function of the CointeLraph Daily X chain showAddition:
“When it is too concentrated token, concentration of wealth and very opaque management, along with a sudden influx of replacement and outflows, […] In combination with forced liquidation during very low liquidity hours in our industry caused a large decrease. “
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Crypto for bears, reflection probably in Q3 – Coinbase
A monthly market review through the publicly listed in the USA based in the USA Crypto Exchange Coinbase shows that although the cryptographic market has arranged, it seems that it is preparing for a better quarter.
According to Coinbase, April 15 per month perspectives In the case of institutional investors, Altcoin market capitalization has decreased by 41% compared to maximum from December 2024 from $ 1.6 trillion to USD $ 950 billion to mid -April. Data on BTC tools show that this record affected a low level of USD 906.9 billion on April 9 and amounted to USD 976.9 billion at the time of writing.
Finishing Venture Capital for cryptographic projects reportedly dropped by 50-60% compared to 2021–22. In the report, the global head of research Coinbase, David Duong, emphasized that there could be a modern cryptographic winter over us.
“Several convergent signals may indicate the beginning of a new” cryptographic winter “because there have been some extreme negative feelings due to the beginning of global tariffs and the potential of further escalation,” he said.
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The founder of Manta, the details of the Lazarus hook, who used very real “legal faces”
Co -founder of Manto Network, Kenny Li, said he was attracted by a sophisticated phishing attack on Zoom, who used live recording of people’s friends, trying to download malware.
The meeting seemed true with a person lined with camera, but no sound and a suspicious hint to download the script raised red flags, li he said In the post of April 17.
“I saw their legal faces. Everything looked very real. But I couldn’t hear them. He said that my zoom needs update. But he asked me to download the script file. I immediately left.”
Then Li Pop (Popser to check the connection by the telegram, but they did not comply and began to delete all messages and block it soon after.
Li said that the Lazarus group supported by North Korea attacked the attack.
Co -founder Mantwork Network managed to lose his conversation with the attacker before removing the message, during which Li initially suggested transferring the connection to the Google meeting.
Talking to Cointelegraph, Li said that he believed that the shots used in the video interview were downloaded from previous recordings of real band members.
“It did not seem to be generated by AI. Quality looks like a typical quality of the webcam.”
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AI tokens, memeins dominate in cryptographic narratives in Q1 2025: Coingecko
The cryptocurrency market is still recycling ancient narratives, with several modern trends that appeared and replaced leading topics in the first quarter of 2025.
Artificial intelligence and memecoin tokens were the dominant cryptographic narratives in the first quarter of 2025, constituting 62.8% of the percentage of investors, in accordance with a quarterly research report by What a ring. AI tokens have won 35.7% of global investors, ahead of 27.1% of the Memecoins share, which remained in second place.
Of the 20 best cryptocurrency narratives from the quarter, six are Memecoin categories, and five were associated with AI.
“It seems that another new narrative has appeared and we are still following trends from previous quarters,” said Bobby ONG, co -founder and Operational Director Coingcko, on April 17 post. “It seems to me that we are all tired of the same old trends repetitive.”
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Crypto borrowing by 43% from the height of 2021, DEFI borrowing will raise by 959%
The size of the cryptographic credit market remains significantly from $ 64 billion, but decentralized financial loans (DEFI) have reached over 900% of mini revival.
The crypt loan allows borrowers to employ their cryptocurrencies as collateral to obtain cryptographic loans or FIAT, while lenders can employ their shares to generate interest.
The cryptographic loan market has fallen by over 43%, compared to the highest level of $ 64.4 billion in 2021 to $ 36.5 billion at the end of the fourth quarter of 2024, in accordance with the Galaxy Digital Research Research report Posted on April 14.
“A decline can be attributed to dozens of lenders on the side of supply and funds, natural persons and corporate entities on the demand side,” according to the humble Zack, research Associate with Galaxy Digital.
The decline on the cryptographic loan market began in 2022, when the centralized finances (CEFI) accountants Genesis, Celsus Network, Blockfi and Voyager submitted an application for bankruptcy in two years, when cryptocurrency valuations fell.
According to the report, their collective fall led to the estimated 78% of the collapse of the loan market, with CEFI loans losing 82% of open loans.
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DEFI discussion
According to CointeLraph Markets Pro and TradingView, most of the 100 largest cryptocurrencies according to market capitalization ended a week in Zielony.
Decentralized replacement (DEX) token Raydium (Ray) increased by more than 26% as the largest week, followed by the usefulness of AB Blockchain (AB), by over 19% on a weekly chart.
Thank you for reading our summary of the most influential DeFI development this week. Join us next Friday to get more stories, observations and education about this dynamically progressive space.
