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🌙 Mantra Crashed 93% - Founders Deny Culpability

The RWA project dropped by 93% on Sunday afternoon in what the team claims were “reckless forced liquidations.”

Author

Mike Gavela
April 14, 2025

Crypto Roundup - April 14

A whirlwind day in crypto saw Mantra's token price collapse by 93%, wiping out nearly $5 billion in market capitalization in just 20 minutes—raising serious concerns around liquidity and investor risk. Meanwhile, Fartcoin, a meme token, delivered nearly $9 million in collective profits to five savvy holders during its recent rally, showcasing the ongoing speculative frenzy in low-cap tokens. On the regulatory front, U.S. lawmakers are rapidly advancing a new stablecoin bill and tightening oversight on DeFi protocols, signaling more structured compliance ahead for the sector.

Top Stories

  • Mantra crashes 93% in under 20 minutes, losing $5B in market cap.

  • Five Fartcoin holders pocket nearly $9M as the token spikes.

  • Washington accelerates stablecoin bill and outlines stricter DeFi regulations.

TOP STORIES

Mantra Plummets 93%, Loses $5 Billion of Market Cap in 20 Minutes - "The Defiant"

The RWA project dropped by 93% on Sunday afternoon in what the team claims were “reckless forced liquidations.”

thedefiant.io/news/blockchains/mantra-plummets-93-loses-usd5-billion-of-market-cap-in-20-minutes

Five Fartcoin Holders Generate Nearly $9 Million in Profits as Token Rallies - "The Defiant"

FARTCOIN has outperformed the broader crypto market amid a global decline in financial markets.

thedefiant.io/news/markets/five-fartcoin-holders-generate-nearly-usd9-million-in-profits-as-token-rallies

Washington moves swiftly on stablecoin bill and the dreaded DeFi broker rule

Trump repeals so-called DeFi brokers rule. Landmark stablecoin bill heads for the Senate floor. The Department of Justice makes a big call on crypto cases.

www.dlnews.com/articles/regulation/washington-moves-swiftly-on-stablecoin-bill-and-defi-rule

FUNDRAISING

OTHER HEADLINES

Bitcoin Rises as Inflation Expectations Intensify Among Consumers - Decrypt

Bitcoin climbed above $85,000 as investors weighed whether the White House’s tariff message was tailored enough to avoid a recession.

decrypt.co/314744/bitcoin-rises-as-inflation-expectations-intensify-consumers

SEC Postpones Decision on Staking Proposal for Grayscale Ethereum ETFs - Decrypt

The regulator will approve or reject the staking proposal for the Ethereum funds, or begin proceedings on the matter, by June 1.

decrypt.co/314743/sec-postpones-decision-on-staking-for-grayscale-ethereum-etfs

Anchorage Digital probed by top US AML task force, report

In 2022, the US banking watchdog put Anchorage on notice for failing to meet various anti-money laundering regulations.

protos.com/anchorage-digital-probed-by-top-us-aml-task-force-report

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