Crypto News

Real-world asset project Mantra plans to create a comprehensive burn program for its OM token, CEO John Mullin said in an X post Wednesday.Mullin was responding to a post which said he was planning to burn his team's tokens to win back the trust of the community after OM abruptly lost over 0% of its value on Tuesday."To be 100% clear, I am stating that I am burning MY team tokens, and we will create a comprehensive burn program for other parts of the OM supply," he wrote.Token burns refer to the process of permanently removing a proportion of a cryptocurrency's supply from circulation in order to increase the value of the tokens that remain.OM fell from over $6 to...

Bitcoin ETFs added $76.42 million in net inflows on Tuesday, April 15, extending their rebound for a second day with support from five major funds. Meanwhile, ether ETFs remained under pressure, posting $14.18 million in outflows led by Grayscale’s ETHE. Bitcoin ETFs See Second Day of Gains Led by Blackrock, Ark 21Shares Bitcoin exchange-traded fundsSource link

CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index.The CoinDesk 20 is currently trading at 2428.16, down 1.0% (-25.41) since 4 p.m. ET on Tuesday.One of 20 assets is trading higher.Leaders: AAVE (+0.2%) and BTC (-0.1%).Laggards: AVAX (-2.1%) and BCH (-2.1%).The CoinDesk 20 is a broad-based index traded on multiple platforms in several regions globally.Source link

Resolv Labs, the firm behind the $450 million decentralized finance (DeFi) protocol Resolv, has closed a $10 million seed round to expand its crypto-native yield platform and USR stablecoin, the team told CoinDesk in an exclusive interview.The investment round was led by Cyber.Fund and Maven11, with additional backing from Coinbase Ventures, Susquehanna's subsidiary SCB Limited, Arrington Capital, Gumi Cryptos, NoLimit Holdings, Robot Ventures, Animoca Ventures and others.Stablecoins, a $230 billion and rapidly expanding class of cryptocurrencies with pegged prices to an external asset, are capturing attention well beyond their traditional use in payments and trading. A growing cadre of crypto protocols offer yield-bearing stablecoins or "synthetic dollars," wrapping diverse investment strategies into a digital token with a stable price and...

Blue-chip brands Netflix, DC Comics, and MLB are entering an AI-powered metaverse as Futureverse expands its digital footprint.Source link