In this weekly recap, we cover:

  • OM Token Crash Sparks $5.5B Wipeout: Mantra CEO vows to burn team tokens after OM collapses more than 90% in one hour.
  • Movement Labs Launches Internal Probe: A $38M selloff and co-founder’s sudden absence prompt investigation into MOVE trading activity.
  • CZ Rejects DOJ Deal Allegations: Former Binance chief calls reports of cooperation against Justin Sun “baseless” and politically motivated.
  • Bitcoin Reserve May Tap Tariff Revenue: Trump advisor Bo Hines outlines “creative” strategies to build BTC holdings without taxpayer cost.
  • SEC Delays ETF Staking Decisions: Grayscale’s staking proposal and in-kind redemptions now on hold until June as new leadership settles in.
  • Anchorage Digital Faces DHS Scrutiny: Homeland Security’s money laundering task force reportedly queries former staff over bank’s practices.
  • $12M Drained in Crypto Exploits: KiloEx and ZKsync suffer breaches exposing weak controls and contract vulnerabilities.

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