Ethereum is trading around $1,789$ETH today, showing a small daily gain of about 0.35%. The price has moved between $1,730 and $1,783 during the session. Market sentiment appears slightly bullish. Over 1.1 million ETH has been accumulated by addresses that have never spent funds, suggesting strong investor confidence. Also, a dormant wallet just bought over 1,290 ETH, worth about $2.3 million, which might reflect renewed whale interest. On the technical side, Ethereum is showing a "falling wedge" pattern, which in the past has been followed by price increases. Still, ETH remains around 18% below its all-time high, so while momentum is building, it's not full-on bullish yet. Keep an eye on on-chain data and broader market moves.
According to Odaily, Mantra has issued a statement regarding the unexpected significant drop in the price of its OM token.
The statement clarifies that the Mantra team has not engaged in any selling activities. The funds of the Mantra mainnet $OM team and advisory team remain 100% locked, while the ERC-20 tokens are publicly circulating and not under team control. Currently, 77.5 million OM tokens are in circulation, with over 200,000 mainnet OM wallets.
The initial forced liquidation sales exerted downward pressure on the price, triggering automatic liquidation events on exchanges for leveraged positions using OM as collateral. #Write2Earn This led to further liquidation and collateral seizure, adding additional downward pressure. Some major OM traders were liquidated by centralized exchanges.
Mantra plans to release details of an OM Token support plan, which will include a token buyback and supply destruction strategy.
Mantra CEO John Patrick Mullin has publicly committed to destroying the tokens allocated to his team.
White House Crypto and AI Chief to Speak at Bitcoin 2025 Conference
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According to Odaily, White House official David Sacks, who oversees cryptocurrency and artificial intelligence, is scheduled to attend the Bitcoin 2025 Conference next month. Sacks will deliver a speech at the event, highlighting the growing intersection of digital currencies and AI technologies. $BTC $AI #btc
#TrumpTariffs The U.S. Just Dropped a 104% Tariff Bomb — No Joke! The White House isn't playing — they’ve threatened a 104% tariff on China by morning if there’s no response. Why 104%? Who knows — but it's shaking things up! 🌍 Global trade is starting to feel like a no-rules street fight, and everyone’s getting dragged into the chaos. 📉 Markets are already flinching like someone hit a live wire. Buckle up — we’re entering the wild west of trade wars, where logic takes a back seat and tariffs lead the charge. Stay tuned, this ride’s about to get bumpy! #BTCvsMarkets
UK Prime Minister Discusses Trade Policies with Australian and Italian Leaders.
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According to BlockBeats, the UK Prime Minister's office announced that Prime Minister Keir Starmer held phone conversations with Australian Prime Minister Anthony Albanese and Italian Prime Minister Giorgia Meloni. Starmer reiterated that the UK will not rush to retaliate against U.S. President Donald Trump's tariff policies. The spokesperson also noted that the UK, Italy, and Australia agree that a trade war is not in anyone's interest.
After reaching record highs last year, bitcoin appears to be coming back down to earth.
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The price of bitcoin, the original and most popular cryptocurrency, dropped below $88,000 or more than 7% Tuesday, its lowest level since November, as tariff fears and economic worries dragged down the NASDAQ and cryptocurrencies. #VoteToListOnBinance