Analysis: Mantra and Liquidity Providers inflate OM token liquidity by exploiting a data aggregator vulnerability
On April 18th, as reported by Cryptoslate, during a recent episode of the The Chopping Block podcast discussion, it was revealed that Mantra and its affiliated liquidity provider took advantage of a vulnerability in the self-reporting system of a data aggregator to manipulate the liquidity metric of the OM token. They distorted the circulating supply and trading volume to give a false impression of market activity. The Mantra team worked together with the liquidity provider to simulate token trades between controlled addresses and exchanges, inflating the data without significant natural participation.
On-chain observers stated that the truly liquid supply of the OM token is less than 1%, yet it appears to be a top 25 asset in terms of market capitalization. This strategy exploited a loophole in the validation process of CoinGecko and CoinMarketCap, as both platforms rely on self-reported data from project teams and do not cross-reference it with exchange listing information an
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Galaxy Research's new proposal introduces a Weighted Voting Mechanism aimed at reducing the SOL inflation rate.
On April 18th, as per the report by Cointelegraph, the cryptocurrency research firm Galaxy Research has put forward the "Multiple Election Stake-Weight Aggregation" (MESA) mechanism within the Solana community in order to reduce the inflation rate of SOL. Researchers describe this proposal as a "more market-oriented approach to determining the future SOL inflation rate."
In contrast to traditional "yes/no" binary voting, MESA enables validators to vote on multiple inflation reduction proposals, and the final result is determined through a weighted average. Galaxy stated: "Rather than continuously toggling between inflation reduction proposals until one is passed, it is preferable to allow validators to assign voting weights to one or more proposals, and then take the weighted results of all 'yes' votes as the final issuance curve."
This mechanism was inspired by the previous SIMD-228 proposal. Although the community generally supports reducing the SOL inflation rate, the binary votin
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4E: Market Cautious as Tariff Uncertainty Persists, US Stocks Under Pressure, Crypto Market Trading Sideways
On April 18th, according to 4E Monitor, the ongoing tariff uncertainty continued to have an impact on the US stock market. On Thursday, the three major indices closed with mixed results: the Dow dropped by 1.33%, the S&P 500 rose by 0.13%, and the Nasdaq inched down by 0.13%. The US stock market will be closed on Friday due to Good Friday. This week, the three major indices saw their third consecutive week of decline, with the Dow down 2.66%, the Nasdaq down 2.62%, and the S&P 500 down 1.5%.
The crypto market traded in a sideways manner, with Bitcoin remaining stable around $84,000 and Ethereum hovering just below $1,600, while the volatility in the altcoin market decreased. Investors remained cautious in the face of tariff policy uncertainty, with concerns in the derivative markets about a potential downturn outweighing expectations of an upward movement.
In the forex and commodities market, the US Dollar Index declined slightly by 0.01%, marking its third consecutive week of weakne
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Binance Wallet's current TGE event has added a new rule: Users must make a valid purchase of Binance Alpha tokens through the Binance non-custodial wallet or Binance trading platform at least 30 days before the TGE date.
On April 18th, as per official information, Binance Wallet has made adjustments to the eligibility criteria for the current round of TGE of the Lorenzo Protocol. Users are required to have completed a valid purchase of Binance Alpha tokens via the Binance Non-Custodial Wallet or Binance Exchange at least 30 days prior to the TGE day. That is, within the UTC time range from March 19, 2025, 00:00:00 to April 17, 23:59:59.
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Binance Wallet will be launching the Lorenzo Protocol TGE, with a subscription limit of 3 BNB.
On April 18th, Binance Wallet declared a joint token launch event with PancakeSwap for the Lorenzo Protocol.
Token Name: BANK (Lorenzo Governance Token).
Chain: BSC.
Start Date: 5:00 PM UTC on April 18th, 2025.
End Date: 7:00 PM UTC on April 18th, 2025.
Total Raise: $200,000 (in BNB).
Available Tokens: 42,000,000 (2% of total supply).
Accepted Token: BNB.
Token Price: 0.0048 USD (in BNB).
Subscription Cap per Binance Wallet User: 3 BNB.
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Analysis: Bitcoin Short-Term Hodlers are at a Loss, Market Still in Risk-Off Mood
On April 18th, as per Cointelegraph, Bitcoin has reached a Realized Cap of $872 billion, attaining a brand-new all-time high. Nevertheless, Glassnode's data indicates that investors' enthusiasm for the present Bitcoin price level is still lacking. Despite the new all-time high in Realized Cap, the monthly growth rate of this metric has plummeted to 0.9%, suggesting that the market is in a "risk-off" sentiment.
Realized Cap measures the total value of all Bitcoin calculated based on the price of their last transfer, reflecting the actual capital inflow and can be utilized to observe Bitcoin's economic activity. The decelerating growth implies that although there is still a net inflow of funds, it has significantly diminished, indicating a decrease in the number of new investors or a weakening of the activity of existing holders.
In addition, Glassnode's Realized Profit and Loss chart has recently witnessed a substantial 40% decline, indicating a considerable amount of profit-taking or
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