The Incrypted editorial team has prepared a new digest highlighting key events in the crypto industry over the past week. This review presents the main events: the collapse of the OM token from the MANTRA project, the release of new OpenAI models, as well as the Base network’s experiment with a meme coin, rumors about a game from U.S. President Donald Trump, and the closure of the eXch exchange.
This is reported by Finway
Crypto Assets and Bitcoin News
In the Bitcoin market, there have been no significant fluctuations over the past week. The price of the first cryptocurrency ranged from $83,000 to $85,000, with an increase of about 2% for the week. At the time of preparing this material, Bitcoin is trading at $84,519.
Experts from CryptoQuant noted that the sell-off of Bitcoins is primarily occurring from short-term holders, while long-term investors maintain confidence in the asset’s stability. According to specialists at Wintermute, Bitcoin is demonstrating resilience even amid macroeconomic fluctuations, despite the decline in stock indices.
Criticism of Base’s Experiments and the Closure of the eXch Exchange
The team behind the L2 network Base recently launched the BASE token through the Zora platform; however, after the asset’s price drop, they were accused of irresponsible management. Among the critics was pump.fun co-founder Alan Cohen, who stated that his platform has no intention of launching its own token to avoid disappointing the community.
In turn, the cryptocurrency exchange eXch announced its closure effective May 1 amid increasing pressure related to recent hacking attacks.
“The MANTRA project team denies any involvement in the collapse of the OM token, although many community members accuse them of a rug pull.”