ai16z founder: Launchpad platform auto.fun will be launched this week
ai16z founder Shaw YuX said in a post that the Launchpad platform auto.fun will be launched this week. Creators can collect the fees generated by content creation and token issuance on their own, and the community can collaborate to initiate content or create CTO tokens based on other platforms. The platform aims to create a "decentralized, transparent" content and token release space that truly belongs to creators and the community.
Jupiter Lianchuang: A large number of products will be launched in the next few months
Jupiter co-founder Meow posted on the X platform: “In the next few months, we will launch a large number of products, governance ideas, experimental meta-protocols, thought articles, and new technical concepts.”
OM crash has resulted in $66.97 million in liquidations in the past 12 hours
According to Lookonchain monitoring, the collapse of OM has led to the liquidation of $66.97 million in the past 12 hours, of which 10 positions had a liquidation amount of more than $1 million.
According to Lookonchain monitoring, before the OM crash, at least 17 wallets deposited 43.6 million OM (worth $227 million at the time) on exchanges, accounting for 4.5% of the circulating supply. According to Arkham’s mark, 2 of these addresses are associated with Laser Digital, a strategic investor in MANTRA.
According to The Data Nerd, 6 hours ago, the price of OM plummeted 90% from $6 to $0.4. In the past 3 days, 5 wallets have deposited a total of 24.4 million OM (about $143.94 million) into OKX. Four of the wallets have the same operation mode: withdrawing from Binance last month and then depositing into OKX; the other one belongs to Laser Digital.
According to Equation News, an unidentified market maker made an algorithmic error after the flash crash of OM (Mantra), accidentally raising the BTCDOM (Bitcoin Market Capitalization Index) perpetual contract on the Binance platform by 20%. The BTCDOM index includes the top 20 cryptocurrencies by market capitalization on Binance and Binance Futures, excluding BTC and stablecoins, and the weight of OM is only about 5%. This abnormal fluctuation is suspected to be due to the market maker's mistaken judgment that the sharp fluctuation of OM prices is a change in market structure, and mistakenly triggered a strategic buy operation.
After OM crashed this morning, Zhao Changpeng posted a message on the X platform advising investors: "Don't chase narratives. Stick to basic principles, projects with users, income and profits." In response to the community's question about "OM crash, whether Binance has done due diligence on it", Zhao Changpeng said: "I no longer manage Binance, but I actually think the opposite is true, that is, centralized exchanges (CEX) and decentralized exchanges (DEX) should not have a listing process. They should provide access to all tokens in the world. Traders decide for themselves what they want to trade."
Warning: Cybercriminals are targeting Binance users with a new phishing SMS scam
According to BeInCrypto, cybercriminals are targeting Binance users with a new type of phishing SMS scam. Dozens of Binance users reported receiving a batch of seemingly legitimate phishing SMS messages, using the same phone numbers and SMS inboxes as the channels for receiving official Binance information. After comparison, the wording and format of these phishing SMS messages are highly similar. Based on this, it is speculated that a specific threat actor or criminal gang is planning a carefully designed phishing attack against Binance users. In such targeted phishing attacks, SMS messages often warn users of unusual activity in their accounts, such as adding a new device for two-factor authentication. The most common phishing SMS messages mention the unexpected association between the Binance API and Ledger Live, and urge the recipient to call the phone number provided in the SMS. Some users said that these phishing SMS messages appeared in the same SMS thread as legitimate Binance notifications, which was confusing and easy to fall into the trap. Many users were caught off guard because the sender ID of the fraudulent SMS was the same as the real Binance notification ID. Binance Chief Security Officer Jimmy Su confirmed that Binance has noticed an increase in SMS phishing incidents. He said: "More and more phishing scammers are impersonating us or other legitimate senders through text messages. These fraudulent messages look real and trick users into revealing sensitive information, clicking on phishing links or transferring money, resulting in user asset losses." Su also revealed that Binance has extended the anti-phishing code function to SMS services, which was originally designed for email. This code is a user-defined identifier that will appear in Binance's official information to help recipients identify real notifications and avoid being deceived by imposters. Currently, the anti-phishing code function has been launched in all licensed jurisdictions where Binance operates. In addition, according to Binance, both registered and unregistered users have reported receiving suspicious text messages.
Layer 1 blockchain project MANTRA officially responded to its "OM token crash" in an official blog post: "It has been determined that the volatility of the OM market was triggered by reckless forced liquidation initiated by centralized exchanges on OM account holders. The timing and depth of the crash indicate that account positions were closed very suddenly without adequate warning or notification. This happened during the low liquidity hours in the early hours of Asian time, which at least indicates a degree of negligence on the part of centralized exchanges, or perhaps deliberate market manipulation. Centralized exchange partners play an important role in providing liquidity for projects like ours. We work closely with them, however, they still have great discretion. When this discretion is exercised without proper internal and external supervision, market dislocations can occur, as has recently occurred, to the detriment of the interests of projects and investors. It should be clear that this market dislocation was not caused by the team, the MANTRA Chain Association, its core advisors, or MANTRA's investors selling tokens. The tokens remain locked and subject to the published vesting period. The token economics of OM remain unchanged, as we stated in our latest token report last week. Our token wallet addresses are online and visible." Earlier news, MANTRA's OM token price suddenly plummeted 90% in the early morning, and its team blamed it on "reckless liquidation"
According to The Block, the OM token of MANTRA, a Layer 1 blockchain project focusing on real-world assets (RWA), fell by about 10% between 01:20 and 02:20 this morning Beijing time, and then suddenly plummeted from $5.21 at the time to about $0.50 at present (as of press time), a 90% plunge in just 90 minutes. Before the project's public Telegram group was inaccessible, community leader Dustin McDaniel downplayed the team's allegations of selling, saying he was not aware of it. At 04:51 in the morning, MANTRA's X account updated that the plunge was caused by reckless liquidation and had nothing to do with the project itself. Co-founder John Patrick Mullin mentioned that large OM investors were forced to liquidate on a large scale on CEX and said that it was being processed. Previously, MANTRA had been accused of controlling a large proportion of the circulating supply of the token and attempting to manipulate the token price. In response, Mullin said: "OM tokens have been in circulation since August 2020, longer than most skeptics have been in the crypto space." Some investors pointed out that DeFiLlama data showed that the MANTRA protocol TVL was only about $13 million, while its token's fully diluted valuation was as high as $9.5 billion, which could be a risk signal. In addition, Insomniac, head of Castle Labs governance, found that three wallets recently transferred millions of dollars of OM tokens to OKX and Binance. One of the wallets received about $36 million in OM tokens from Binance on March 21, and transferred about 4.3 million tokens to OKX on Saturday, suggesting a possible sell-off.
DePIN project Solix DePIN completes $29.5 million financing
According to BusinessInsider, the DePIN project Solix DePIN has received $29.5 million in financing from the Eclip Foundation. The investment will accelerate the development of Solix's Model Context Protocol (MCP) technology, which enables intelligent bandwidth sharing without affecting the user's Internet experience. According to reports, Solix DePIN is a decentralized physical infrastructure network that enables users to share and monetize their excess bandwidth. The Model Context Protocol (MCP) at the core of Solix technology connects AI models with real-time contextual data on Internet usage, thereby enabling dynamic and intelligent decision-making on bandwidth allocation.
OpenAI is releasing a ton of new products this week
According to Jinshi.com, OpenAI founder and CEO Sam Altman posted on social media that many exciting products will be released in the coming week, starting tomorrow (Tuesday Beijing time).
According to Lookonchain monitoring, a whale sold 1.56 million Fartcoins (US$1.26 million) 30 minutes ago and then bought 11.62 million RFCs. As a result, the market value of RFC may have soared to more than US$100 million in a short period of time.
Michael Saylor releases Bitcoin Tracker information again, and may disclose holdings data next week
Michael Saylor, founder of Strategy (formerly MicroStrategy), once again released information related to Bitcoin Tracker on the X platform, saying: “There are no tariffs on the orange dots.” According to previous rules, MicroStrategy always discloses information about increasing its holdings of Bitcoin the day after the relevant news is released.
According to Token Unlocks data, FTN, CONX, QAI and other tokens will be unlocked in large amounts next week, including: Fasttoken (FTN) will unlock about 20 million tokens at 8:00 a.m. Beijing time on April 18, which is 4.65% of the current circulation and worth about 81 million U.S. dollars; Connex (CONX) will unlock about 4.33 million tokens at 8:00 a.m. Beijing time on April 15, which is 376.3% of the current circulation and worth about 77 million U.S. dollars; QuantixAI (QAI) will unlock about 566,000 tokens at 8:00 a.m. Beijing time on April 18, which is 3960.24% of the current circulation and worth about 49.9 million U.S. dollars; Polyhedra Network (ZKJ) will unlock about 15.53 million tokens at 8:00 a.m. Beijing time on April 19, which is 25.72% of the current circulation and worth about 35.25 million U.S. dollars; Arbitrum (ARB) will unlock about 92.65 million tokens at 9:00 pm Beijing time on April 16, which is 2.01% of the current circulation and worth about 28.5 million US dollars; deBridge (DBR) will unlock about 1.14 billion tokens at 8:00 am Beijing time on April 17, which is 63.24% of the current circulation and worth about 26.5 million US dollars; Starknet (STRK) will unlock about 127 million tokens at 8:00 am Beijing time on April 15, which is 4.37% of the current circulation and worth about 1,670 US dollars; Omni Network (OMNI) will unlock about 8.21 million tokens at 8:00 am Beijing time on April 17, which is 42.89% of the current circulation and worth about 1,630 US dollars; Melania Meme (MELANIA) will unlock about 26.25 million tokens at 8:00 am Beijing time on April 18, which is 17.5% of the current circulation and worth about 1,310 US dollars; Immutable (IMX) will unlock approximately 24.52 million tokens at 8:00 a.m. Beijing time on April 18, accounting for 1.37% of the current circulation and worth approximately US$1,060; Sei (SEI) will unlock approximately 55.56 million tokens at 8:00 p.m. Beijing time on April 15, accounting for 1.14% of the current circulation and worth approximately US$990; ApeCoin (APE) will unlock approximately 15.6 million tokens at 8:30 p.m. Beijing time on April 17, accounting for 1.95% of the current circulation and worth approximately US$680; Onyxcoin (XCN) will unlock approximately 29,600 tokens at 8:00 a.m. Beijing time on April 15, accounting for 0.89% of the current circulation and worth approximately US$580.
Crypto-friendly El Salvador President Nayib Bukele has arrived in the US to meet with Trump
Crypto-friendly Salvadoran President Nayib Bukele has arrived in the United States and will meet with Trump. Earlier news, Trump invited Salvadoran President Nayib Bukele to attend a White House meeting on April 14, and the two sides will discuss bilateral cooperation and diplomatic relations.
Binance Customer Support responded to users’ ZEC withdrawal issues on the X platform, saying: “We have noticed that some users have encountered problems withdrawing ZEC assets from their Binance accounts. The problem is due to a technical failure when we used Ledger’s ZEC application, which temporarily prevented some funds from being transferred out. Currently, all funds are still safely stored in cold wallets, and user assets are safe (SAFU). We are working closely with the Ledger team to actively promote the fix of the problem, and we are very grateful for their support. They have now made the release of the relevant version a priority and are expected to complete the update before April 17, when we will gradually restore the ZEC withdrawal function. At the same time, we are also actively exploring temporary solutions to minimize the impact of this problem on users.”
