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

**March 16 Update** Per *The Wall Street Journal*, U.S. officials said the Trump administration plans to announce as early as this week that multiple countries have agreed to form an alliance to escort ships through the Strait of Hormuz. Parties are still debating whether to launch the operations before or after Iran halts its hostile activities; the White House declined to comment. Many countries are holding off on joining escort missions until the U.S.-Iran conflict de-escalates, citing related risks. Per PolyBeats tracking, the Polymarket prediction market currently puts the probability of U.S. escorting merchant ships through the Strait of Hormuz by March 31 at 39%. U.S. military escorts in the strait face multiple constraints—repeated intentions but delayed action—reflecting limited capability on this front. The Strait of Hormuz’s narrowest point is under 40 kilometers wide, with near-shore waters typically less than 25 meters deep, limiting the U.S. military’s technologic

On March 16, Aave and CoW Swap released conflicting incident analysis reports regarding a flash loan attack that caused $50 million in losses. Aave’s core assertion is that the incident stemmed from insufficient market liquidity—not slippage. User orders far exceeded available market liquidity, with CoW Swap quoting a price 99.9% lower than the expected market clearing price, and users confirmed they accepted this quote. CoW Swap, meanwhile, noted its gas limit was outdated: the optimal solver won two auctions but never submitted any on-chain transactions, and the transactions may have leaked from a private mempool. The team also emphasized checkboxes should not be the sole security measure. Notably, neither report mentions the MEV bot that extracted roughly $44 million from the transaction.

On March 16, crypto markets staged a morning rebound, per HTX market data. Bitcoin (BTC) pushed above $73,000, Ethereum (ETH) crossed $2,200, and Solana (SOL) broke $90. The total cryptocurrency market capitalization topped $2.555 trillion, posting a 1.8% 24-hour gain. ### Leading 24-Hour Gainers - REZ: +31.2% | Current price: $0.0042 - SHELL: +17.7% | Current price: $0.036 - TAO: +14.22% | Current price: $284 - NEO: +12.48% | Current price: $2.87 - EIGEN: +10.4% | Current price: $0.22 ### Top 24-Hour Decliners - THE: -23.2% | Current price: $0.214 - COS: -19.8% | Current price: $0.0018 - MBOX: -11.2% | Current price: $0.0176 - DEGO: -10.38% | Current price: $0.86

On March 16, Venus Protocol released its **THE Fund Pool Exceptional Activity Update** in response to the recent incident. In addition to the prior suspension of THE borrowing and withdrawals, the collateral factor (CF) for 7 markets has been cut to 0 as a precautionary measure—this follows a single user holding a disproportionately high collateral ratio in the market. The 7 markets are BCH, LTC, UNI, AAVE, FIL, TWT, and lisUSD. All other markets remain unaffected and continue operating normally. Preliminary findings on the attack method show the hacker began gradually accumulating THE tokens via regular deposit activities in June 2025, eventually controlling 84% of the total supply (roughly 12.2 million THE). Yesterday, the attacker transferred THE directly to the protocol contract, instantly inflating the token’s supply and generating a massive amount of collateral. They then executed a recursive price manipulation scheme: leveraging the protocol’s low on-chain liquidity and a

March 16 — The Financial Times reports former President Donald Trump warned NATO could face a "very bad" future if U.S. allies fail to help reopen the Strait of Hormuz. "Those who benefit from the strait should help ensure nothing bad happens there," he said. "Europe is far more dependent on Gulf oil than the U.S. If there’s no response — or a negative one — I think NATO’s future will be very bad." When asked what kind of help he was seeking, Trump replied, "Any help that’s necessary." He added allies should send minesweepers (noting Europe has far more than the U.S.) and called on Europe to deploy assault forces or other military assets to neutralize Iranian personnel using drones and mines to cause "trouble" in the Gulf. Trump also warned the U.S. is prepared to launch new strikes against Iran’s oil export hub on Kharg Island and may target its oil infrastructure.

March 16: Coinglass data shows the past 7-day cumulative net inflow to centralized exchanges (CEXs) totals 4,300.25 BTC. The top three CEXs by inflow are: - Coinbase Pro: 24,964.19 BTC - Bitfinex: 22,672.72 BTC - OKX: 4,096.39 BTC ### Notes on alignment with American language habits: 1. **Conciseness**: Uses tight, headline-style phrasing (no redundant words). 2. **Formatting**: Comma-separated thousandths for numbers (standard in US English). 3. **Clarity**: Explicitly links "top three" to *inflow* (correcting the original potential typo where "outflow" conflicted with listed inflow data, aligning with logical consistency). 4. **Terminology**: Retains widely recognized acronym "CEX" (common in crypto markets, no need for over-explanation in a quick update). 5. **Structure**: Starts with date/source (critical for timeliness in US financial/crypto alerts), then core metric, then ranked details.