MANTRA DAO Initiates Survey Vote to Solicit Feedback on Team Token Burn Execution

As of May 26, a Coindesk report shows the total global stablecoin market capitalization has crossed $322 billion, reaching an all-time high. This size exceeds the official foreign exchange reserves of emerging economies like Poland, Thailand, and Mexico, as well as developed economies including the U.K., Canada, and the United Arab Emirates. Currently, only 14 economies—such as China, Japan, Russia, India, Taiwan, and Germany—hold foreign exchange reserves larger than the total stablecoin market cap. Stablecoins have become a core pricing and settlement medium for cryptocurrency asset trading, letting users hedge against crypto price volatility without frequent conversions to fiat currency. In decentralized finance (DeFi) protocols, stablecoins serve as a fundamental settlement tool; in cross-border payments, their low cost and high efficiency make them a viable alternative for remittances in areas where traditional banking channels are inadequate or too expensive. A recent Bank for I

**Bitcoin Spot Trading Volume Falls to Bear-Market Lows, Last Seen in July 2023: Analyst** May 26 — Crypto analyst Darkfost (@Darkfost_Coc) shared on social media that Bitcoin’s spot trading volume has dropped to levels typical of bear markets. The last time monthly spot volume hit this low was back in July 2023. Even with the market cooling, Binance still leads the space with $36.4 billion in trading volume. But that’s a steep plunge from $198.6 billion in October 2025 — nearly a 5x drop. The slide isn’t isolated: Gate’s volume fell 79.6%, while Bybit’s trading activity decreased by 66%. The trend largely reflects harsh macro conditions for risk assets like cryptocurrencies. Amid rising inflation and the ongoing U.S.-Iran conflict, investors are shifting toward commodities and traditional stock indexes rather than crypto. But there’s a silver lining here. The drop in trading activity means selling pressure from the recent pullback is fading. Historically, the 2023 bear mark

As of 14:13 Beijing time on May 26, Coinglass data shows that the total open interest for SAGA contracts is roughly $21.72 million, with a circulating market capitalization of around $8.77 million—pushing the OI/market cap ratio to approximately 2.48. Over the past 24 hours, the SAGA contract’s open interest has surged by about 43.1%, its price has climbed roughly 10.6%, and its current weighted funding rate stands at around +0.0074%, a relatively moderate level. This dynamic signals that SAGA’s derivative positions are heavily concentrated relative to its spot market value, raising near-term volatility risk. It’s important to clarify that a high OI/market cap ratio doesn’t necessarily reflect one-sided bullish or bearish sentiment; it could also trigger intense liquidations across both long and short positions.

As of May 26, Bitget market data shows Hong Kong-listed concept stocks tied to large language models (LLMs) continued their upward rally in the afternoon trading session. Meituan Tech jumped nearly 10% to hit HK$1,400, marking a new all-time high, while MiniMax climbed more than 7%.

May 26 — On-chain sleuth ZachXBT posted to his personal channel, revealing that an entity received ESPORTS, RIVER, and LIGHT tokens via the Sablier ownership contract. This entity is directly linked to three signers of the LAB multisig. All three BSC-based tokens were involved in market manipulation incidents on centralized exchanges. ZachXBT had previously flagged suspicious activity with LAB and RIVER, and earlier today, the ESPORTS token experienced another flash crash, plummeting 93% in a short timeframe. The entity’s associated CEX deposit address and the addresses of the LAB signers have been made public.

May 26: Discussions over cryptocurrency regulation in South Africa are moving into a more actionable phase. The South African National Treasury and South African Reserve Bank (SARB) have signaled they’re shifting to establish clearer rules for cross-border digital asset activities, rather than just restricting crypto possession. In a recent statement on the Exchange Control Regulations Amendment Bill, the Treasury and central bank extended the public comment window to June 30, 2026. They also clarified the proposed rules won’t criminalize holding cryptocurrency or apply retroactively. Industry stakeholders view this move as a way to bring greater certainty to a sector long stuck in regulatory limbo. Regulators also stated they’ll release a draft manual laying out the proposed framework for cross-border cryptocurrency assets for public input. That manual is expected to define the nature of cross-border crypto transactions and outline the obligations of authorized cryptocurrency servic