OM Token Violently Crashes

5. Kraken Introduces Stock Trading

Starting today, investors in 9 US states can trade stocks and ETFs directly within their Kraken account. The company plans to “swiftly” expand stock trading to clients in more U.S. states, followed by the U.K., Europe and Australia.

4. MSTR Buys Again

Today Strategy $MSTR ( ▲ 3.55% ) announced another raise $285.7M by issuing new shares to purchase more bitcoin at an average price of ~$82,600. Skeptics say Saylor again paid a premium price instead of buying the recent dip, but Strategy’s overall cost basis still sits around $67,556.

3. Coinbase International Is Booming

Coinbase International's perpetual futures platform has seen explosive growth, processing nearly $100 billion in BTC perpetual futures volume over the past week alone. The recent spike in trading coincides with market turbulence triggered by tariff uncertainty.

2. Crypto Developer Activity Isn’t Booming

After hitting its peak in 2023, crypto developer activity has plunged back to levels not seen since 2019, according weekly commit data on Artemis. Funding dried up along the way and the AI hype likely wooed talent away from crypto. Yes, stablecoins keep humming, but overall crypto innovation appears to be stuck in neutral.

1. OM Token Violently Crashes

OM, the token for Layer 1 blockchain MANTRA collapsed violently on Sunday by more than 90% in a matter of hours. Before the drop, the OM token had a market cap of $6 billion, putting it in the top 25 tokens by market cap. The saga continues with a lot of finger pointing.