234 days ago
Blockchain intelligence platform Lookonchain says that tokens of the real-world asset (RWA) crypto project Mantra ( OM ) worth hundreds of millions of dollars were transferred to digital asset exchanges before a massive price crash. Lookonchain says on the social media platform X that multiple wallets had sent millions of OM tokens to crypto exchanges prior to Mantra’s 90% price meltdown over the weekend. Based on Lookonchain’s data, some of the exchanges that received the deposits include OKX and Binance. “Who dropped the price of OM? Before the OM crash(since Apr 7th), at least 17 wallets deposited 43.6 million OM($227 million at the time) into exchanges, 4.5% of the circulating supply. According to Arkham’s tag, two of these addresses are linked to Laser Digital. Laser Digital is a strategic investor in Mantra.” Source: Lookonchain/X On Sunday, Mantra witnessed a sudden price meltdown, dropping from a high of $6.35 to a low of $0.37 – a whopping decline of 94% in just one day. Simultaneously, its market cap plunged from $6.11 billion to $683.3 million. Crypto asset management firm Laser Digital says that it is not involved in the price collapse of Mantra. “We want to directly address recent speculation around Laser Digital’s involvement in the price action of OM (Mantra)… Assertions circulating on social media that link Laser to ‘investor selling’ are factually incorrect and misleading… On-chain movements of OM linked to Laser wallets have been flagged publicly. We want to be absolutely clear: Laser has not deposited any OM tokens to OKX. The wallets being referenced to OKX are not Laser wallets.” Meanwhile, Mantra CEO JP Mullin blames crypto exchanges for OM’s sudden price collapse, noting that the firms needlessly closed large positions during low-liquidity hours. At time of writing, OM is trading for $0.595, down 32.5% in the past day. Follow us on X , Facebook and Telegram Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post $227,000,000 Worth of OM Tokens Moved to Crypto Exchanges Prior to 90% Price Collapse of Mantra: On-Chain Data appeared first on The Daily Hodl .
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Prediction Market Odds: House Democrat, Senate GOP Ahead of 2026 Elections
According to the latest figures, President Donald Trump has logged 320 days of his second term, and his approval rating has slipped from the brief highs that followed his Jan. 20 inauguration. Meanwhile, prediction markets indicate Democrats are currently positioned to snag a few congressional slots, giving them a legitimate opening to reclaim a House The Daily Hodl
Binance Founder Crushes Bitcoin Critic In Game-Changing BTC Vs. Gold Debate
The Binance Blockchain Week event in Dubai became the center of a high-stakes showdown between traditional and digital innovation, with Bitcoin and gold going head-to-head. Investors, tech enthusiasts, and financial experts watched closely as Binance founder Changpeng Zhao expertly debated renowned Bitcoin critic Peter Schiff, making a compelling argument for why Bitcoin is better than gold. Binance Founder Dominates Bitcoin And Gold Debate During the Binance Blockchain Week in Dubai, Schiff and CZ faced off in a high-profile debate over the value of Bitcoin versus Gold. Schiff defended gold as a safe, stable, and tangible asset while the Binance founder made a compelling case for Bitcoin’s adoption, utility, value, and global reach. Related Reading: Crypto CEO Says Bitcoin Was Never Meant To Be ‘Digital Gold’ – So What Is It? Throughout the debate, which lasted over an hour, CZ consistently demonstrated the practical advantages of Bitcoin, leaving Schiff’s gold argument largely on the defensive. The Binance founder emphasized Bitcoin’s transparent and predictable supply and its role in the modern financial systems. He pointed to hundreds of millions of users who rely on Bitcoin for payments, savings, and transfers. Schiff argued that Bitcoin lacks inherent value and is mainly driven by hype and faith that its price will rise. He stated that gold remains tangible, centuries old, scarce, and valuable in industry, making it superior to BTC. He further asserted that “nobody needs” Bitcoin and that the cryptocurrency is “backed by nothing.” Practical demonstrations played a key role in the debate between Schiff and CZ. The Binance founder explained how Bitcoin and crypto payments already improve financial efficiency, especially in emerging markets. Schiff questioned whether these transactions truly count as money, since merchants ultimately receive traditional currency. CZ’s response highlighted the importance of adoption and network effects, noting that people who use BTC directly for payments give it real-world significance. The debate also considered the preferences of younger generations. CZ asked Schiff whether millennials and Gen Z favoured Bitcoin or gold. The Bitcoin critic responded sharply, suggesting that they would choose gold. He pointed out that, with many young investors losing money on BTC, gold offers a safer, more appealing alternative. The Binance founder countered that younger people understand digital value more intuitively and prefer mobile, borderless, and censorship-resistant assets. Digital Value And The Future Of Money The debate between CZ and Schiff also highlighted the changing definition of money. Bitcoin functions as a decentralized network that enables instant settlement and transparent verification. Its adoption has also helped evolve the financial economy, facilitating faster and more seamless cross-border payments. Schiff argued that gold’s scarcity and industrial demand preserve its value and make it a reliable hedge against economic uncertainty. Related Reading: What Happens To The Bitcoin Price If It Follows Gold? Tokenization also became a point of agreement during the discussion, with Schiff emphasizing that gold can be digitized and tokenized for easier ownership and distribution without moving the physical metal. CZ contended that Bitcoin offers similar advantages while also enabling global financial inclusion. They also discussed the supply of both assets, with the Binance founder noting that Bitcoin has a visible supply, while gold doesn’t. They also talked about the performance of both assets over the years. Schiff argued that gold had outperformed BTC over the past four years. CZ contended that Bitcoin has far outpaced gold over the last 8 years, and since its launch in 2009, it has skyrocketed from a few cents to an ATH above $126,000. He concluded his debate, predicting that Bitcoin’s growth will outpace gold over time. Featured image from iStock, chart from Tradingview.com The Daily Hodl
