OM whale dumps $17M to spur warning bells – Impact on market?
OM crashed after a $17M whale loss, but signs of recovery might emerge soon.

Keep up with what's happening in the crypto world in real-time.
OM crashed after a $17M whale loss, but signs of recovery might emerge soon.

In a surprising move within the crypto market, XRP has surpassed Ethereum (ETH) in a key valuation metric: Fully Diluted Market Capitalization (FDMC). While Ethereum has been in a downtrend this bull cycle, XRP's performance over the last six months has been nothing short of impressive, leading to it quietly overtaking the world's second-largest cryptocurrency by market capitalization.
Bitcoin is now facing a critical test after breaking above the $87,000 mark, following several days of tight consolidation between the $82K and $85K range. This breakout comes at a pivotal time, as global macroeconomic uncertainty and geopolitical tensions continue to weigh on financial markets.
According to a new report from Pine Analytics, token deployers on Pump.fun systematically funded sniper wallets to buy their own meme coins. This impacted over 15,000 token launches on the platform.
A member of the House of Representatives has proposed legislation aimed at stopping investors from using the US territory of Puerto Rico as a crypto tax haven.According to an April 21 Bloomberg report, New York Representative Nydia Velázquez introduced the Fair Taxation of Digital Assets in Puerto Rico Act, a bill that could change existing laws in the territory to require certain investors to pay local and federal taxes on capital gains, including from digital assets. The legislation would reportedly add text to Puerto Rico's Internal Revenue Code, making income from cryptocurrencies subject to federal tax laws.
Nasdaq-listed Upexi has raised $100 million in fresh funding, with most of it slated to go towards establishing a Solana treasury reserve.
The Circle Payments Network will leverage regulated stablecoins led by USDC and EURC. The CPN will connect global banks, and VASPs to outpace legacy systems like SWIFT. Circle Internet Financial, a top-tier stablecoins issuer, announced the launch of Circle Payments Network (CPN), a blockchain-based platform to connect global financial institutions.
MANTRA founder and CEO John Patrick Mullin has initiated the burn of his full 150 million OM token allocation, following through on a commitment made last week to bolster transparency and rebuild trust within the community.

Four major crypto companies are seeking various banking licenses in a strategic effort to integrate digital assets with traditional financial systems, according to a new Wall Street Journal report.
This is a major win for Solana as its utility spreads across the board.
In a move that signifies further crypto adoption by institutional investors, Cathie Wood's ARK Invest has made its first direct purchase of Solana's native token (SOL).
Meme cryptocurrency Dogecoin is currently trading at an important support level against Bitcoin, a level that previously triggered its historic bull run in 2021.
Bitget froze suspicious accounts and reversed trades after VOXEL's explosive price movement signaled potential market manipulation.

On Monday, the cryptocurrency market experienced a notable uptick as bitcoin reached an intraday high of $88,527, reflecting renewed interest. While bitcoin recorded a decent 2.61% gain by evening, several alternative digital assets outperformed, securing more substantial increases. Among them, convex finance token (CVX) stood out, climbing 21.04% within a 24-hour period.
Bitcoin (BTC) has demonstrated notable resilience amid widespread macroeconomic uncertainty, but the zone between $91,000 and $92,000 still poses a threat to an extended upward movement. The latest edition of the “Bitfinex Alpha” report highlighted that BTC rebounded sharply, even as traditional markets continued to experience heightened volatility.
Metaplanet has added an additional 330 Bitcoins, which equates to $28 million. The Japanese investment firm wants to add 21,000 Bitcoins by 2026.
Solana is showing signs of strength as it pushes above a key resistance level, suggesting that bulls are beginning to regain some control after weeks of weakness. The broader crypto market remains volatile, driven by ongoing macroeconomic uncertainty and heightened trade tensions between the US and China.
Cardano (ADA) is up 4% on Monday, trying to hit $0.65, showing signs of renewed bullish momentum. Technical indicators are beginning to align in favor of buyers, with the BBTrend turning positive for the first time in days and the DMI signaling strengthening upward pressure.
The Avalanche ecosystem has grown significantly in the past year backed by institutional investors seeking to tokenize RWAs. AVAX price has already broken out of a multi-week correction phase, amid rising crypto bullish momentum.
Ark Invest, the asset management firm owned by Cathie Wood, has gained its first exposure to Solana as the broader financial market expands its adoption of cryptocurrencies. The firm has added exposure to two tech investment vehicles via the 3iQ Solana Staking ETF (SOLQ).
PumpFun has transferred 95,934 SOL, worth approximately $13.34 million, to Kraken, further adding to the total 1,818,889 SOL moved to the exchange in 2025, equating to around $324.06 million. This move marks a continued trend of significant activity surrounding Solana (SOL), reflecting growing investor interest.
South Korea's central bank says it will 'actively participate' in stablecoin legislation development and GSR helps a consumer products firm establish a SOL treasury.
According to a new report from the United Nations Office on Drugs and Crime (UNODC), the world of crime has evolved along with crypto.
Astra Fintech, a global blockchain payments provider, has launched a $100 million fund to support the Solana ecosystem's growth throughout Asia, according to an April 21 announcement. Through the fund, Astra Fintech plans to deploy capital to accelerate projects and form partnerships with developers, companies, and regulators.