Mantra CEO accused OKX of inaccurately posting about token migration, urging users to withdraw from the exchange. Only about 16.7% of wallets on Polymarket are profitable, according to blockchain data. Coinbase now allows users to trade Solana tokens through DEX integration. The crypto industry nears a potential “Netscape” moment as institutional adoption rises. Bubblemaps alleges 30% of Pepe’s initial supply was bundled, contradicting claims of a fair launch. Prediction markets are becoming a battleground between elite traders and casual retail bettors. Fed rate cut leads to temporary crypto market bounce, but lack of investor appetite remains. Bitcoin reaches weekly high of $94,330 after Strategy’s $962 million acquisition. Cryptocurrency industry faces an inflection point with increasing institutional adoption. Microsoft outcompeted Netscape by bundling Internet Explorer with Windows. JP Mullin warns against relying on OKX Exchange for the OM token migration, citing inaccuracies in their announcement. OKX stated migration between Dec. 22-25, while Mantra’s proposal sets the date after Jan. 15. Mullin claims OKX hasn’t communicated with Mantra since April 13 and urges OM holders to consider other options. OKX has since corrected the inaccuracies in their announcement after reaching out to Mantra. The OM token will migrate from ERC-20 to Mantra Chain-native token. DeFi market saw most of the top 100 cryptocurrencies in the red, with KAS and IP tokens experiencing the biggest declines. Stay tuned for more DeFi updates next week.
Read more at Cointelegraph.com
Bitcoin’s price surged to a new all-time high of $67,000 as the cryptocurrency market continues to rally. The surge comes amid growing interest from institutional investors and increased adoption by companies like PayPal and Tesla.
Ethereum also saw a significant price increase, reaching a new record high of $4,800. The cryptocurrency has been gaining momentum due to the popularity of decentralized finance (DeFi) applications and the upcoming Ethereum 2.0 upgrade.
In response to the rise in cryptocurrency prices, the total market capitalization of all cryptocurrencies reached $2.5 trillion. This milestone highlights the growing mainstream acceptance of digital assets as an investment option and a store of value.
Despite the positive momentum in the cryptocurrency market, regulators around the world are ramping up efforts to establish clear guidelines for the industry. The increased scrutiny is aimed at addressing concerns around consumer protection, money laundering, and financial stability.: Bitcoin Tops $94K, ‘Netscape’ Moment For Crypto