NewsBriefs - Mantra proposes key updates to OM tokenomics

Dec 20, 1:50 PM MANTRA | Mainnet Live

Mantra proposes key updates to OM tokenomics

Mantra, a Layer1 blockchain specializing in real-world assets (RWA), has introduced a proposal to revise the tokenomics of its OM token on the X platform. The proposed changes, currently under community review through Snapshot, include adjusted reward vesting schedules, unchanged token allocations across activities, and decreased on-chain inflation rates. Voting on these changes will proceed to the mainnet next week.

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• Dec 20, 4:00 PM The HBAR Foundation

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• Dec 20, 1:50 PM MANTRA | Mainnet Live

  Mantra proposes key updates to OM tokenomics

  Mantra, a Layer1 blockchain specializing in real-world assets (RWA), has introduced a proposal to revise the tokenomics of its OM token on the X platform. The proposed changes, currently under community review through Snapshot, include adjusted reward vesting schedules, unchanged token allocations across activities, and decreased on-chain inflation rates. Voting on these changes will proceed to the mainnet next week.

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• Dec 20, 6:49 AM The Block

  US spot Bitcoin ETFs experience record $680 million daily outflows

  US spot Bitcoin exchange-traded funds (ETFs) witnessed record single-day outflows of $680 million, ending a consecutive 15-day streak of positive capital inflows. Major contributors to this unprecedented withdrawal included Fidelity's FBTC, Grayscale's Bitcoin Mini Trust, and the ARKB ETF by Ark and 21Shares. This significant market movement coincided with Bitcoin's price dropping below $100,000 following remarks from Fed Chair Jerome Powell.

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• Dec 20, 5:42 AM Cointelegraph

  Santiment reports surge in 'buying the dip' discussions as Bitcoin falls below $100,000

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• Dec 19, 9:57 PM Cointelegraph

  Investors sue Hawk Tuah meme coin creators over unregistered securities offering

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• Dec 19, 8:38 PM Cointelegraph

  Craig Wright receives one-year suspended sentence in the UK for contempt of court

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• Dec 19, 3:00 PM Chainalysis

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• Dec 19, 11:35 AM The Block

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• Dec 19, 6:35 AM Decrypt

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• Dec 18, 9:24 PM The Block

  Fed Chair Powell states the Federal Reserve cannot own Bitcoin

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• Dec 18, 4:35 PM CoinDesk

  Solana sets new transaction record with 66.9M in a day following PENGU token debut

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• Dec 18, 11:30 AM CoinDesk

  Binance sparks unintended gains and losses with false alpha watchlist tokens

  Binance inadvertently triggered market volatility by posting a misleading list of crypto tokens on its Telegram channel, leading to quick gains and subsequent losses for traders. The tokens such as Wise Monkey (MONKY) and Happy Cat (HAPPY) surged in value following the initial announcement, only to plummet after Binance declared the posted information false. The fluctuations resulted in substantial financial impacts, including a significant loss for one trader.

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• Dec 18, 8:36 AM The Block

  Arthur Hayes foresees major crypto sell-off at Trump's inauguration

  Arthur Hayes, former CEO of BitMEX and current CIO of Maelstrom, predicts that the gap between high market expectations for Donald Trump's administration and the political reality will cause a significant crypto sell-off around Trump's inauguration on January 20, 2025. Despite a steep rise in Bitcoin prices following Trump's electoral win and promises of favorable crypto regulations, Hayes highlights the limited time Trump has to enact major policy changes, expecting a market realization and subsequent sell-off. Hayes plans to reduce his firm's crypto holdings in anticipation of the market downturn.

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• Dec 17, 10:58 PM The Block

  Coinbase counters BiT Global lawsuit challenging delisting of wBTC

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• Dec 17, 9:30 PM Blockworks

  Bitwise launches Solana staking ETP in Europe with Marinade as provider

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