By Shikha Singh
OM Hits New All-Time High Of $6.2, Sparking Profit-Taking Among Long-Term Holders.
OM (MANTRA) has surged 70% in the past ten days, reaching a new all-time high of $6.29 after breaking out of a two-month consolidation.
However, long-term holders (LTHs) are starting to sell, indicated by a spike in the “Age Consumed” metric, suggesting profit-taking. AAnalysts believe that if new buying pressure doesn’t emerge, this could lead to resistance. Additionally, the adoption rate remains flat, pointing to limited market traction and speculative trading rather than organic growth.
For continued upward movement, OM needs more long-term investor interest. Should it maintain its hold above $6.00, it might aim for $7.00; if not, it might test lower support levels.
Coinbase Urges U.S. Regulators to Clarify Rules for Crypto Banking Services.
Coinbase is lobbying U.S. banking regulators for clearer guidelines that would enable banks to offer cryptocurrency custody and trading services.
The exchange has sent a letter to the OCC, Federal Reserve, and FDIC, urging the OCC to revoke an interpretive letter that it believes hinders banks from entering the digital asset market.
Coinbase also seeks confirmation from the Federal Reserve and FDIC that state-chartered banks can provide or outsource cryptocurrency services.
Additionally, Coinbase argues that existing federal laws already allow banks to collaborate with crypto firms and is asking regulators to affirm this.
Sol Strategies Bought $10 mn Worth of Solana Token.
Sol Strategies, a Canadian publicly traded company, has purchased an additional 40,300 SOL tokens for approximately CAD 14.3 million ($9.9 million), bringing its total holdings to around 189K SOL, valued at CAD 48.7 million ($35 million).
This acquisition took place between January 19 and 31, 2025. The company also completed a $2.5 million private placement of convertible debentures, transferring 6,564 SOL.
Meanwhile, the price of SOL has surged 7% to $207, with a market cap nearing $100 billion, signaling strong investor confidence.
TVM Ventures Unveils $100 mn Debut Fund for the TON Ecosystem.
TVM Ventures has launched a $100 million fund to support the development of tools on the TON blockchain, focusing on decentralized finance (DeFi), payment finance (PayFi), and security.
The fund aims to address inefficiencies in current financial systems and collaborate with security analysts.
Steve Yun, founder of TVM and former president of the TON Foundation, highlighted the mission to create a comprehensive financial system for 500 million on-chain users by the next cycle.
With Telegram’s exclusive support for TON and a goal of 500 million users by 2028, the initiative is positioned to help expand TON’s ecosystem.
Web3 Platform Travala Integrates Crypto Payments for 2.2 mn Hotels on Trivago.
Web3 travel platform Travala has partnered with global accommodation metasearch engine Trivago to enable cryptocurrency payments for hotel bookings. Users can book over 2.2 million properties through Travala’s inventory using Bitcoin, Ether, and over 100 other tokens.
The partnership aims to introduce crypto payments to Trivago’s 3 million monthly users. Additionally, crypto bookings on Travala will earn rewards in BTC or Travala’s AVA loyalty tokens.
ZachXBT Claims Coinbase Users Lost Over $65 mn To Social Engineering Scams In Last Two Months.
Onchain investigator ZachXBT reported that Coinbase users lost over $65 million between December 2024 and January 2025 due to social engineering scams.
He noted that this figure is likely lower than the actual losses, as it excludes cases reported to Coinbase support and authorities.
Scammers used stolen personal information to trick victims into transferring funds to fake Coinbase wallets.
ZachXBT criticized Coinbase for not effectively addressing these scams, pointing out that other exchanges don’t face similar issues. He called for improvements in Coinbase’s security measures, including better scam detection and stronger user protections.
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