PA Daily | OM flash crash caused the RWA sector to fall 44.93%; RFC market value exceeded US$100 million
Reprinted from panewslab
04/15/2025·11DToday's news tips:
Japanese listed company Metaplanet announces 319 bitcoins increase
Arete Capital Partner: Unless Sino-US relations escalate seriously, BTC bottoms at $74,000
VC practitioners revealed: OM model is ground-promoting 0TC disk, with a scale of US$500 million
The crypto market sector generally fell, and the OM flash crash caused the RWA sector to fall 44.93%
The OM crash in the past 12 hours has resulted in a liquidation of $66.97 million
Regulatory/Macro
Japanese listed company Metaplanet announces 319 bitcoins increase
According to the official announcement, Japanese listed company Metaplanet Inc. announced an increase in holdings of 319 Bitcoins. Its CEO Simon Gerovich added that Metaplanet has acquired 319 bitcoins for approximately $82,549 per bitcoin, with a total value of approximately $26.3 million, and has achieved a 108.3% annualized yield on bitcoin (BTC Yield) as of 2025. As of April 14, 2025, the company held 4,525 Bitcoins (BTC), which were acquired at approximately $85,366 each, with a total value of approximately $386.3 million.
According to the official announcement, US listed company Janover Inc. announced on April 11 that it has purchased 44,158 Solana (SOL) worth approximately US$5 million. The purchase brings Janover's total number of Solana held by him to 83,084, worth approximately US$9.6 million. The company will immediately start pledging its new SOL, generating revenue while supporting the Solana network. Previously, Janover's board of directors approved the company's new financial policy on April 4, 2025, authorizing the long-term accumulation of crypto assets starting from Solana. It is reported that Janover is an artificial intelligence platform connecting the commercial real estate industry.
Viewpoint
Matrixport: Bitcoin implicit volatility rises, tariff signal chaos triggers market uncertainty
According to Matrixport analysis, although the major tariff incidents have passed, Trump's chaotic information about tariffs has caused market uncertainty, and Bitcoin's implicit volatility remains high. The current implied volatility is nearly 20 points higher than the recent low, indicating that the market is pricing for uncertainty. Bitcoin traders need to respond cautiously in an environment where risks are heating up.
Arete Capital Partner: Unless Sino-US relations escalate seriously, BTC bottoms at $74,000
Arete Capital managing partner McKenna said the market often bottoms out in the worst news. He mentioned that Bitcoin had fallen to $74,000 due to reciprocity tariffs and stock market declines, one of the worst panics in the market he has ever seen. He believes that unless relations with China deteriorate seriously, future news will only cause market volatility. McKenna also pointed out that Trump's goal is to reach an agreement and readjust global trade within 90 days, and then carry out large-scale tax cuts and deregulation.
VC practitioners revealed: OM model is ground-promoting 0TC disk, with a scale of US$500 million
HashKey Capital member Rui and ArkStream Capital founding partner Ye Su revealed on X that the encryption project MANTRA (OM) is a "ground push 0TC", with an off-site trading scale of US$500 million. It uses the "new 0TC tokens to connect to the old 0TC seller" mode to operate cyclically until the final unlocked chip "0TC remains unmoved". According to reports, in 2023, when OM token FDV fell to $20 million and was almost abandoned, under the matchmaking of the middleman, a Middle East Capital intervened in the acquisition and only retained its position as CEO. The Middle East Capital owns a large number of physical assets such as luxury homes, resorts, etc., and then packages the OM into a physical asset tokenization (RWAfi) project. Ye Su said that under high control of the market, OM set a record high in Binance's highest growth rate in 2024, achieving 200 times growth. The team is still promoting the "0TC" business recently.
Project News
Ethereum Foundation member joshrudolf.eth shares a simplified roadmap on the X platform, including extending blobs, extending L1, and improving UX (focusing on L2 interoperability + application layer). In addition, Tomasz K. Stańczak, co-executive director of the Ethereum Foundation, added that this is mainly based on a large number of dialogues, and most other things are secondary, including always minting assets on L1 to win the RWA (real world assets) field, winning the stablecoin field, improving communication/clear expectations, significantly increasing security expectations (trillion-level economy), and goal-oriented internal research and development of EF. This is not because it is not important, but should happen as a natural result of the above matters - Ethereum's existing culture and values are creating a lot of value. The Ethereum vision includes long-term artificial intelligence/autonomous protocols and foundations, using Ethereum to add autonomous machines, privacy between people, and open source communities to attract long-term innovators to join the ecosystem.
Founder of ai16z: Launchpad platform auto.fun will be launched this week
Ai16z founder Shaw posted a post on X that Launchpad platform auto.fun will be launched this week. Creators can independently receive the fees incurred by content creation and token issuance, and the community can collaborate to initiate content or create CTO tokens based on other platforms. The platform aims to create a "decentralized, transparent" content and token release space that truly belongs to creators and communities.
Jupiter Lianchuang: A large number of products will be launched in the next few months
Jupiter Meow posted on X platform: "In the next few months, we will launch a large number of products, governance concepts, experimental meta-protocols, ideas and new technical concepts."
According to The Block, the OM token of MANTRA, the Layer 1 blockchain project focused on real-world assets (RWA), fell about 10% between 01:20 and 02:20 am today, and then suddenly plummeted from $5.21 at the time to about $0.50 at the moment (as of press time), and plummeted 90% in just 90 minutes. Before the project's public-facing Telegram group was inaccessible, community head Dustin McDaniel downplayed the team's sell-off allegations, saying it was unaware of the situation. At 04:51 a.m., MANTRA's X account updated, saying that the plunge was triggered by reckless liquidation and had nothing to do with the project itself. Co-founder John Patrick Mullin mentioned that a large OM investor was forced to liquidate CEX on a large scale and said it was dealing with it. Previously, MANTRA was accused of controlling a large proportion of the token's supply in circulation and trying to manipulate the price of the token. In response, Mullin responded: "OM tokens have been in circulation since August 2020, which has been in the crypto field longer than most doubters." Some investors pointed out that DeFiLlama data shows that MANTRA protocol TVL is only about $13 million, while its token is fully diluted and valuation is as high as $9.5 billion, which may be a risk signal. In addition, Insomniac, head of governance at Castle Labs, found that three wallets recently transferred millions of dollars of OM tokens to OKX and Binance. One of the wallets received about $36 million of OM tokens from Binance on March 21, and transferred about 4.3 million tokens to OKX on Saturday, suggesting a possible sell-off.
Important data
Deribit BTC $100,000 call options account for more than 75% of options activity, $70,000 bearish
Last Friday night, the Trump administration issued new guidelines to exempt some technology products from high tariffs, but Trump later denied easing tariffs. Despite this, Bitcoin price rebounded and traders actively bought call options on the Deribit platform. According to Amberdata, the market skewness switched from a strong bearish bearish last week to near zero, indicating a decrease in market panic and bullish interest rebounded. Deribit data shows that a call option of $100,000 has become the most popular choice, accounting for more than 75% of global option activity, with a cumulative nominal open contract value of nearly $1.2 billion. Meanwhile, the $70,000 put option is the second most popular option, with open contracts worth $982 million.
The crypto market sector generally fell, and the OM flash crash caused the RWA sector to fall 44.93%
According to SoSoValue data, the crypto market sector generally fell. It is worth noting that due to the huge decline of MANTRA native token OM, the RWA sector fell 44.93% in 24 hours. MANTRA official responded that the decline was caused by "disorderly liquidation" rather than caused by the project team. In addition, Bitcoin (BTC) fell 1.41% in 24 hours, once falling below $84,000. Ethereum(ETH) fell 0.25%, but is still above $1,600. In other sectors, the PayFi sector fell 1.12% in 24 hours, but Bitcoin Cash (BCH) and Litecoin (LTC) rose 6.18% and 2.12% respectively; the Layer1 sector fell 1.47%, and within the sector, TRON (TRX) rose 4.18% against the trend; the CeFi sector fell 1.65%, the Meme sector fell 1.82%, and Pepe (PEPE) performed firmly, up 3.39% in 24 hours; the Layer2 sector fell 2.92%, and the DeFi sector fell 3.05%, but Uniswap (UNI) and Sky (SKY) rose 2.20% and 2.54% respectively.
The OM crash in the past 12 hours has resulted in a liquidation of $66.97 million
According to Lookonchain monitoring, the OM crash has resulted in a liquidation of $66.97 million in the past 12 hours. The liquidation amounts of 10 of the positions exceeded US$1 million.
According to The Data Nerd monitoring, 6 hours ago, the price of OM plummeted 90% from US$6 to US$0.4. In the past three days, five wallets have deposited 24.4 million OMs (approximately US$143.94 million) into OKX. Four of the wallets have the same operating mode: withdraw cash from Binance Exchange last month and then deposit it into OKX; the other belongs to Laser Digital.
According to Lookonchain monitoring, a whale sold 1.56 million Fartcoin (US$1.26 million) 30 minutes ago and bought 11.62 million RFCs, or may be affected by this, the RFC market value soared to more than US$100 million in a short period of time.
Financing
DePIN Project Solix DePIN Completes US$29.5 million in Financing
According to BusinessInsider, DePIN project Solix DePIN has received $29.5 million in financing from the Eclip Foundation. This investment will accelerate the development of Solix’s Model Context Protocol (MCP) technology, which enables smart bandwidth sharing without compromising the user’s Internet experience. According to reports, Solix DePIN is a decentralized physical infrastructure network that enables users to share and monetize their excess bandwidth. The Model Context Protocol (MCP) at Solix technology core connects AI models with real-time context data used by the Internet, thereby enabling dynamic and intelligent decision-making on bandwidth allocation.
