Mantra OM Crash, Bitcoin Price,Gold Price, Metaplanet INC And More

Gold has soared to a record high of $3,245, prompting Goldman Sachs to raise its 2025 year-end forecast to $3,700, with a bullish target of $4,500. A post by Moby AI highlights that the key drivers include aggressive gold accumulation by emerging market central banks, a potential comeback of gold ETFs amid looming rate cuts, and rising global uncertainty fueling safe-haven demand. The post also highlights the role of speculators, suggesting fear-driven momentum could send prices even higher.

OKX CEO Star called the OM token collapse a major scandal, shaking the entire crypto industry. He emphasized that all on-chain unlocking and recharge data are publicly accessible, and the collateral and liquidation activity across major exchanges can be fully investigated. In response to growing concerns, OKX has committed to preparing and publishing all relevant reports. The statement signals a push for greater transparency and accountability in the aftermath of the OM token’s dramatic price crash.

A Chinese court has sentenced nine individuals to prison terms ranging from five to fourteen years for orchestrating a USDT fraud scheme targeting Indian citizens. According to Wu Blockchain, the group defrauded approximately 66,800 Indians, scamming a total of around US$6 million. The case highlights the growing risks associated with crypto-related frauds and the need for cross-border cooperation in tackling digital financial crimes. The convicted fraudsters will also face additional penalties, including fines and asset seizures.

MANTRA’s OM token plummeted 90%, wiping out around $5 billion in market value amid insider sell-off allegations. The crash saw OM’s price drop to $0.7748, down 87.66% in 24 hours, with a market cap of $751 million. Trading volume spiked 2979% to $2.25 billion. Co-founder JP Mullin denied abandonment rumors, assuring, “We are here and not going anywhere,” while sharing the team’s wallet. MANTRA attributed the collapse to “reckless liquidations,” distancing the team from direct involvement.