HYPER, the native token of ​Hyperlane, an interoperability protocol facilitating cross-chain communication, is set to be listed on Binance following an exclusive TGE campaign hosted via Binance Wallet. In an April 21 official announcement, crypto exchange Binance revealed that it…

Hyperlane’s HYPER to debut on Binance today, 20m tokens earmarked for airdrop

Mantra founder and CEO John Mullin has begun an $80 million burn of OM tokens 
to regain users&#8217; trust following the token&#8217;s sudden crash earlier in April. 
However, the question of the underlying reasons for the OM crash remains 
unanswered, blockchain investigators told Cointelegraph.
Unpacking Mantra&#8217;s OM crash requires a detailed forensic study rather than 
just basic blockchain analysis, Natalie Newson, senior blockchain investigator 
at the blockchain security firm CertiK, said.
&#8220;A full forensic investigation, akin to what we saw post-FTX, would be needed 
to substantiate claims of calculated exploitation,&#8221; Newson told Cointelegraph, 
highlighting challenges of tracing over-the-counter (OTC) transactions.
Newson&#8217;s perspective on the OM crash came days after Mantra released its post- 
crash statement, asking centralized exchange partners to collaborate on 
further unpacking the incident.
## Onchain activity versus opaque OTC deals
Addressing the OM token crash, CertiK&#8217;s Newson stressed the importance of 
distinguishing between public onchain activity and the &#8220;more opaque nature of 
OTC deals.&#8221;
Mantra CEO Mullin publicly disclosed that the Mantra team &#8220;has done a small 
amount of OTCs&#8221; up to $30 million of OM tokens in an interview with 
Coffeezilla on April 15.
_Mantra &#8216;s founder and CEO, John Mullin, in an interview with Coffeezilla. 
Source: YouTube_
Unlike traceable transactions on centralized exchanges, OTC crypto transfers 
involve a method of buying and selling cryptocurrencies outside of exchanges, 
designed to enable deep liquidity and big trades while mitigating the 
volatility of prices.
&#8220;In this case, the accumulation of approximately 100 million OM by a whale 
appears to have been the result of secondary market transactions &#8212; not 
necessarily direct activity from Mantra insiders,&#8221; Newson said.
## Analysis by Arkham or Nansen is not enough
As previously mentioned, Mullin denied allegations that the OM crash resulted 
from an insider token dump, claiming that the blockchain analytics platform 
Arkham &#8220;mislabelled&#8221; some of the wallets.
Newson said that data from Arkham and similar platforms like Nansen would be 
insufficient to confirm or deny insider involvement.
&#8220;To confirm coordinated insider behavior, it would likely require more than 
just basic wallet tracing on platforms like Arkham or Nansen,&#8221; Newson said, 
adding:
&gt; &#8220;Blockchain analytics tools can provide directional clues, but without 
&gt; access to offchain agreements and centralized exchange records, drawing 
&gt; definitive conclusions would be difficult.&#8221;
Newson is not alone in highlighting the complicated nature of tracing 
transactions in the OM token crash.
_**Related:**__**Mantra OM token crash exposes &#8216;critical&#8217; liquidity issues in 
crypto**_
&#8220;There are ways to get data from the node, but it does not seem to be easy to 
get a full history,&#8221; Whale Alert&#8217;s co-founder Frank Weert told Cointelegraph.
Mullin previously said that the team has been considering hiring a forensic 
auditor following the OM crash, but had made no decisions as of April 16.
Arkham did not respond to multiple Cointelegraph inquiries to comment on the 
Mantra incident.
_**Magazine:**__**Altcoin season to hit in Q2? Mantra &#8216;s plan to win trust: 
Hodler&#8217;s Digest, April 13 &#8211; 19**_

Unpacking Mantra’s OM crash requires forensic study — CertiK exec

Bitcoin (BTC) rallied above $89,000 on April 22, its highest level since early 
March, buoyed by strong spot demand during US trading hours on April 21. The 
recovery, however, faced a serious challenge in breaking above $90,000 as 
sell-side liquidity blocked the way._BTC/USD daily chart. Source: 
Cointelegraph/__TradingView_
## Bitcoin price faces stiff resistance on the upside
Data from Cointelegraph Markets Pro and TradingView shows that the price has 
been steadily moving toward the $89,000 level over the last six hours, leading 
to questions about whether the barrier at $90,00 will finally give in.
_XRP/USD hourly chart. Source: Cointelegraph/__TradingView_
&#8220;BTC is closing in on the big $ 90 K-$91 K horizontal area which acted as the 
previous range low,&#8221; said popular trader Daan Crypto Trades in an April 22 
post on X.
The trader explained that the price had swept the $89,000 level as it was 
consolidating below it. Note that the 200-day simple moving average (SMA) is 
currently located just above this level, reinforcing its significance.
Daan Crypto Trades said that the price needs to overcome these barriers in 
order to confirm a breakout.
&gt; &#8220;Quite a few resistances close by, but a few percentage moves and you&#8217;ll 
&gt; break through all of them, and the chart looks pretty great. Bulls know what 
&gt; to do.&#8221;
_BTC/USD daily chart. Source:__Daan Crypto Trades_
## Bitcoin price breaking $91-$92K is key &#8212; Analyst
Meanwhile, CryptoQuant&#8217;s head of Research, Julio Moreno, said that the 
traders&#8217; onchain realized price between $91,000 and $92,000 is the real test 
for Bitcoin bulls.
_**Related:**__**Bitcoin risks 10%-15% BTC price dip after key rejection near 
$89K**_
According to Moreno, the traders&#8217; realized price usually acts as resistance 
when the crypto market is bearish, which is the current situation of Bitcoin.
_Source:__Julio Moreno_
This article does not contain investment advice or recommendations. Every 
investment and trading move involves risk, and readers should conduct their 
own research when making a decision.

Bitcoin traders warn BTC price rally may stall at $90K

Bithumb is breaking itself in two as it races toward an IPO, carving out its 
exchange and investment units to streamline operations and court investors. 
Bithumb&#8217;s Corporate Split Sets Stage for IPO Local media reports that the 
South Korean cryptocurrency exchange Bithumb is restructuring its operations 
ahead of a planned initial public offering (IPO) in […]

Report: South Korea’s Bithumb to Spin Off Non-Core Units Ahead of IPO

As uncertainty in the broader market looms over the crypto space, some market 
pundits remain remarkably upbeat—especially when it comes to XRP. A anonymous 
cryptocurrency analyst referred to as &#8220;Papa&#8221; sees XRP reaching a price of up 
to $14 despite the latest challenges besetting the digital money. The bold 
prediction comes amid XRP fighting to hold steady at the level of around $2 
after experiencing four straight days of losses. Related Reading: Pi Network 
Frenzy Builds: $5 Prediction As Whales Take Out Millions Market Sends 
Uncertain Signals On XRP Future XRP last reached a two-week high of $2.24 on 
April 13 before pressure from selling took it down to $2.04 by Friday, April 
18. This 4% decline was the first instance since late March when XRP had 
recorded four consecutive days of falling prices. As per current technical 
markers, sentiment remains neutral while the Fear &amp; Greed Index hovers at 39, 
solidly in &#8220;Fear&#8221; territory. $XRP SCREAMING HIGHER 🚀 
pic.twitter.com/DnRGTDs5x6 — PAPA♛ (@MamaGucci) April 19, 2025 In spite of 
these warning signs, Papa is convinced XRP is &#8220;screaming higher&#8221; according to 
chart patterns that reflect the cryptocurrency&#8217;s historic bull run of 
2017-2018. History May Repeat With New Chart Patterns Reflecting on XRP&#8217;s most 
explosive growth phase, the analyst identifies a symmetrical triangle pattern 
that developed on a 44-day chart in the 2017-2018 bull market. Following an 
initial 7,800% rise from $0.0055 in March 2017 to $0.3988 in May of that year, 
XRP consolidated before breaking out to hit its then-all-time high of $3.31 in 
January 2018—a breathtaking 1,760% rise from its low of $0.177. Based on these 
figures, Papa observes similar trends emerging in the current market. In the 
present cycle, XRP rose 570% from November 2024 at $0.50 to an all-time high 
of $3.39 in January 2025. Since then, it has fallen 38% and spent three months 
consolidating. Related Reading: Shiba Inu Sees $120 Million Weekly 
Surge—Whales Tighten Their Grip Technical Indicators Hint At Double-Digit 
Prices The analyst&#8217;s price targets are derived from Fibonacci extension 
levels—technical indicators that traders use to forecast price action. During 
its 2017-2018 run, XRP hit multiple Fibonacci targets at the 1.272, 1.618, 
2.618, and 4.618 levels. This type of projection isn&#8217;t wishful thinking—it&#8217;s 
driven by historical trends and a technical configuration that has taken shape 
in market cycles. Fibonacci extensions are considered a guide map by many 
experienced traders, particularly when an asset moves out of years-long zones 
of consolidation. In the case of XRP, the intersection of structural 
resistance, sentiment, and historical Fibonacci behavior provides a strong 
ground for a breakout, that if conditions are right. From current levels, the 
analyst sees a potential 575% climb for the altcoin, with the $14 target 
aligning with the 4.618 Fibonacci extension. He believes hitting that mark 
depends on XRP breaking above the upper trendline of its current parallel 
channel at $3, which would set the stage for a similar extension in this 
cycle. Whether Papa&#8217;s pattern-based forecast is accurate or not will hinge on 
XRP&#8217;s capacity to overcome the all-important $3 resistance ceiling within the 
next few weeks. Featured image from CoinFlip, chart from TradingView

XRP Price Prognosis: Analyst Sees $14 In Spite Of Current Troubles

Coinbase confirms that it is actively considering appyling for a banking 
license in the United States.