Bitcoin Magazine President Trump Executive Director Says U.S. Could Use Tariff Revenue to Build Strategic Bitcoin Reserve Anthony Pompliano interviews Executive Director Bo Hines on President Trump’s Bitcoin strategy, revealing proposals to fund a massive BTC reserve without taxpayer cost. This post President Trump Executive Director Says U.S. Could Use Tariff Revenue to Build Strategic Bitcoin Reserve first appeared on Bitcoin Magazine and is written by Nik.

President Trump Executive Director Says U.S. Could Use Tariff Revenue to Build Strategic Bitcoin Reserve

Ripple eyes a landmark SEC settlement paid in XRP as CEO Brad Garlinghouse 
boldly forecasts bitcoin hitting $200,000, signaling explosive momentum for 
the crypto market. Ripple Discusses Settling With SEC Using XRP, CEO Sees 
$200K Bitcoin Ahead Ripple Chief Executive Brad Garlinghouse said the 
company’s settlement with the U.S. Securities and Exchange Commission (SEC) 
could […]

Ripple Talks XRP Settlement With SEC—CEO Predicts $200K Bitcoin

Mantra CEO John Mullin said he is planning to burn all of his team&#8217;s tokens in 
order to win back the trust of the network&#8217;s community following the sudden 
collapse of the Mantra (OM) token on April 13.
&#8220;I&#8217;m planning to burn all of my team tokens and when we turn it around the 
community and investors can decide if I have earned it back,&#8221; Mullin posted to 
X on April 16.
Mantra set aside 300 million OM, 16.88% of the token&#8217;s nearly 1.78 billion 
total supply, for its team and core contributors that are currently locked and 
were scheduled to be released in stages between April 2027 and October 2029, 
according to an April 8 blog post.
The team&#8217;s tokens are worth around $236 million with OM currently trading 
around 78 cents, but were worth around $1.89 billion before the token sank on 
April 13, going from around $6.30 to a low of 52 cents and wiping over $5.5 
billion in value, according to CoinGecko.
_Source:__JP Mullin_
Many community members welcomed Mullin&#8217;s pledge, but others saw the token burn 
as a potential blow to the team&#8217;s long-term commitment to building the real- 
world asset tokenization platform.
&#8220;This would be a mistake. We want teams that are highly incentivized. Burning 
the incentive may seem like a good gesture but it will hurt the team 
motivation long term,&#8221; said Crypto Banter founder Ran Neuner.
Mullin suggested a decentralized vote could determine whether to burn the 300 
million team tokens.
## Mantra recovery process already underway
Mullin promised a post-mortem statement explaining what went wrong to be 
transparent with the community.
Speaking to Cointelegraph on April 14, Mullin outlined plans to leverage the 
$109 million Mantra Ecosystem Fund for potential token buybacks and burns to 
stabilize OM&#8217;s price, which had fallen from $6.30 to as low as $0.52.
_**Related:**__**Red flag? Mantra&#8217;s TVL jumped 500% as OM price collapsed**_
Mullin&#8217;s firm has strongly refuted rumors that it controls 90% of OM&#8217;s token 
supply and engaged in insider trading and market manipulation.
Mantra claims the OM price implosion was triggered by &#8220;reckless liquidations,&#8221; 
adding that it wasn&#8217;t related to any actions undertaken by the team.
OKX and Binance were among the crypto exchanges that saw significant OM 
activity right before the token collapse.
Both exchanges denied any wrongdoing, attributing the collapse to changes made 
to OM&#8217;s tokenomics in October 2024 and unusual volatility that ultimately 
triggered high-volume cross-exchange liquidations on April 13.
_**Magazine:**__**Memecoin degeneracy is funding groundbreaking anti-aging 
research**_

Mantra CEO plans to burn team's tokens in bid to win community trust

Publicly listed bitcoin mining company Bitdeer is preparing to manufacture its 
mining equipment in the United States, a move shaped by U.S. President Donald 
Trump’s trade policies. Trump’s Tariffs Push Bitdeer Toward Self-Mining and 
American-Made Bitcoin Miners Facing the Trump administration’s tariffs, 
bitcoin mining rig producers are recalibrating their operational strategies. 
As reported by Bloomberg […]

Report: Bitdeer Eyes US Bitcoin Mining Rig Production as Industry Navigates Tariff Uncertainty

The Bitcoin price continues to face headwinds, as the latest report on Digital 
Asset Fund Flows shows a staggering $751 million in outflows from the digital 
asset. The sheer volume of this withdrawal raises alarm bells about whether 
institutions may be cashing out from the flagship cryptocurrency. Bitcoin 
Price Faces Pressure Amid Massive Outflows CoinShares&#8217; weekly report on 
Digital Asset Fund Flows has disclosed a massive $795 million in outflows from 
the crypto market—shockingly, $751 million of which came from Bitcoin alone. 
This mass exodus marks one of the largest single-week outflows of the year, 
and it comes at a time when the price of Bitcoin has hit a wall. Related 
Reading: $9.41 Billion In Shorts At Risk Of Liquidation If Bitcoin Price Hits 
This Level James Butterfill, the Head of Research at CoinShares, revealed that 
since early February 2025, digital asset investment products have suffered 
cumulative outflows of approximately $7.2 billion, effectively erasing almost 
all the year-to-date inflows. Notably, this week marks the third consecutive 
week of declines, with Bitcoin leading the downturn and recording the most 
significant losses among major digital assets. As of this report, net flows 
for 2025 have dwindled to a modest $165 million, a sharp drop from a multi- 
billion dollar peak just two months ago. This steep decline underscores a 
cooling sentiment among institutional investors and highlights a growing sense 
of caution amid ongoing market volatility. Currently, the Bitcoin price is 
struggling to regain past all-time highs, with recent outflows serving as one 
of the many barriers hindering the cryptocurrency’s breakout potential. Until 
these outflows reverse and the market stabilizes, Bitcoin’s path to setting 
new all-time highs remains challenged. Despite losing $751 million in 
outflows, Bitcoin still maintains a moderately positive position with $545 
million in net year-to-date inflows. However, the sheer scale and speed of the 
latest outflows raise concern. The fact that Bitcoin suffered such a massive 
withdrawal signals a potential shift in sentiment among institutions. Whether 
it’s due to profit-taking or macroeconomic uncertainty, this move suggests 
that big players are beginning to pull out — at least in the short term. In 
addition to Bitcoin, Ethereum saw $37 million in outflows, while Solana, Aave, 
and SUI also posted losses of $5.1 million, $0.78 million, and $0.58 million, 
respectively. Surprisingly, even short Bitcoin products, designed to benefit 
from market downturns, weren’t spared, recording $4.6 million in outflows. 
Tariffs And Political Volatility Drive Outflows One of the key drivers behind 
the pullback across digital assets is the rising economic uncertainty sparked 
by tariff policies that have adversely influenced investor sentiment. The wave 
of negative sentiment began in February after United States (US) President 
Donald Trump announced plans to impose tariffs on all imports coming into the 
country from Canada, Mexico, and China. Related Reading: Trump’s Tariff Pause 
Could Push Bitcoin Price Above $100,000, Pundit Reveals Exit Point However, a 
late-week rebound in crypto prices was seen after Trump’s temporary reversal 
of the controversial tariffs, providing a brief respite for the market. This 
policy shift helped boost total Asset Under Management (AUM) across digital 
assets from a low of $120 billion on April 8 to $130 billion, marking an 8% 
recovery. Featured image from Adobe Stock, chart from Tradingview.com

Bitcoin Price Fails To Launch With $751 Million In Outflows, Are Institutions Cashing Out?

Cryptocurrency analytics firm Elliptic has partnered with Monerium, a 
Reykjavik-based Electronic Money Institution (EMI), to enhance anti-money 
laundering (AML) and compliance measures for its EURe stablecoin. Monerium 
Taps Elliptic to Navigate MiCA Rules Amid Euro Stablecoin Boom According to 
the announcement shared with Bitcoin.com News, the collaboration aims to 
automate cross-chain transaction monitoring and reduce […]