ETH's current market capitalization has decreased to 7.37%

According to CryptoSlate, John Patrick Mullin, CEO of Mantra, proposed to destroy his OM token holdings in order to restore investor confidence after the native token prices of the protocol plummeted. Mullin stated that the tokens he holds are part of the team's reserved 300 million OM tokens, which will be unlocked until April 2027. On April 15th, Mullin released a public statement on the X platform, promising to destroy the portion of tokens he could obtain in the future, and stating that if the project recovers, the community can decide whether to allow him to regain these tokens. According to Tokenomist's data, he currently holds approximately 772000 OM tokens, which is less than 1% of the over 80 million OM tokens in circulation as of April 15th. Mullin has configured his tokens on the liquidity proof protocol Fluxtra. Although he made a commitment and disclosed his current holdings, he did not disclose the specific amount of holdings, stating that he will wait until the destruction plan is ready before announcing the token shares he holds. Related reading: Out of control encryption train, OM's billion dollar market value collapses, manipulation exposed, multiple parties hold their own opinions

OKX-BTC/USDT is currently trading at $83544.10, with a 24-hour decline of 1.20%. Please be aware of the market fluctuations.

1. Trump plans to promote Bitcoin across the United States 2. Solana spot ETF hits Canada this week 3. OKX expands to the United States and establishes headquarters 4. Two whales withdrew 4372 BTC 5. Coinbase and Semler reach loan agreement 6. SEC completes Coinbase financial review 7. Tether invests in self managed wallet Fizen 8. NVIDIA put option bet on sideways trend The above is a selection of hot topics from the past 24 hours. Click to see the full article: https://www.aicoin.com/article/454321

According to CryptoSlate, thousands of Nigerians have been defrauded of millions of dollars by the fraudulent digital asset trading platform CBEX, which operates in a Ponzi scheme. Local media reported that investors suffered a total loss of 1.3 trillion naira (approximately 800 million US dollars), but analysis shows that the actual loss may be much lower than this, as the address belongs to Binance Hot Wallet, which does not match the speculation of Nigerian social media. Independent analyst Specter estimated the total loss to be close to 12 million US dollars. CBEX promises high profits, requires recommenders and locks in funds, and promotes AI trading strategies that claim 100% returns within 30 days. The platform gained credibility by appearing in national media and was packaged as a "poverty alleviation" plan, attracting many investors who were encouraged to recruit people, but had a long lock up period for withdrawals. In April 2025, user accounts were frozen without warning, and withdrawals stopped, causing a rebound. Angry users flocked to its offices in Ibadan and Lagos, and some people shared stories of losing tens of thousands of dollars online. The CBEX crash seems to be part of a broader scam network. Analyst Specter linked it to Ponzi schemes such as LWEX and PCEX, pointing out the existence of cloned websites and similar patterns. The wallets related to CBEX are associated with Southeast Asian payment exchange systems and the illegal financial activity center Huione Pay. In April last year, the Hong Kong Securities and Futures Commission warned the public to beware of CBEX Group's suspected involvement in virtual asset related fraud.

In a Tuesday filing, the company said it had reached a loan agreement with crypto exchange Coinbase allowing it to borrow money — using its bitcoin stockpile as collateral — to pay the settlement.