Track market-moving stories before they get noisy

Binance Will Support the MANTRA (OM) and Enjin Coin (ENJ) Network Upgrades

PANews reported on October 27th that Binance will support the MANTRA (OM) and MultiversX (EGLD) network upgrades, according to an official announcement. MANTRA (OM) will undergo a network upgrade at block height 9,664,888. Binance anticipates suspending MANTRA (OM) token deposits and withdrawals at 15:51 GMT+8 on October 27, 2025. MultiversX (EGLD) is expected to undergo a network upgrade at 01:00 GMT+8 on October 31, 2025. Binance anticipates suspending MultiversX (EGLD) token deposits and withdrawals at 00:00 GMT+8 on October 31, 2025.

Binance Announces Support for MANTRA (OM) and MultiversX (EGLD) Network Upgrades

3 Real World Assets (RWA) Altcoins to Watch in May 2025

MANTRA to Tokenize $1 Billion Worth of DAMAC Group Assets in 2025

MANTRA Kicks Off OM Migration With Key Steps for Token Holders

Real World Asset (RWA) sector has seen a significant surge in interest following the world’s largest asset management company BlackRock’s recent entry into the tokenized asset market with its USD Corporate Digital Liquidity Fund (BUIDL). Experts are now pointing to Ondo (ONDO), MANTRA (OM), and Polymesh (POLYX) as the top picks for potential significant gains within the year. According to experts, these altcoins should be in the portfolio of investors chasing exponential growth.

Ondo (ONDO)A significant player in the RWA sector, Ondo operates on a decentralized autonomous organization (DAO) model, granting stakeholders the authority to shape the direction of Ondo Finance. BlackRock’s recent move to tokenize RWAs has increased interest in ONDO Finance, resulting in a notable 90% increase in the price of its mainnet asset ONDO in just 30 days.

MANTRA (OM)MANTRA stands out as a pioneering Security RWA Layer 1 network designed for seamless integration and compliance with existing regulatory frameworks. With the recent launch of the Hongbai Testnet, MANTRA aims to merge decentralized finance (DeFi) with traditional finance (TradFi) to innovate asset interactions in the finance sector.

The price of the network’s mainnet asset OM is also rising, fueled by the project’s strong initiatives, with data showing a 300% increase in the last 30 days.

Polymesh (POLYX)Polymesh, a Blockchain network specifically designed for regulated asset transactions, has seen a significant increase in value following BlackRock’s entry into the tokenized asset market.

Dedicated to corporate use, the price of Polymesh’s mainnet asset POLYX has made a significant 225% rise in just 30 days, reflecting the growing interest in altcoins associated with the regulated asset sector. Despite a recent drop of over 10% in the altcoin’s price, Polymesh’s dynamic growth is part of the crypto market’s volatile yet promising nature.

The increased interest in ONDO, OM, and POLYX indicates that the RWA sector’s potential for Blockchain-based investment, trading, and collateralization is gaining wider recognition. As major investors continue to monitor these projects for potential exponential returns, the RWA sector is poised for further growth and development in the coming months through innovative initiatives and increasing adoption in the financial ecosystem.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

Saros (SAROS) Faces 70% Crash: What Caused the Sudden Price Drop?

ETHSofia Boasts Global Industry Leaders Joining Partner and Speaker Roster

How to Protect Yourself From Holding the Next MANTRA (OM): Analysts Share 5 Key Insights 

5 Real World Assets (RWA) Altcoins to Watch in February 2025

OM: How to Bridge USDC to MANTRA EVM via Hyperlane Nexus Bridge

Table of contents

MANTRA, a popular blockchain ecosystem for real-world assets (RWAs), has introduced a new product in partnership with M0, a universal stablecoin firm. In this respect, MANTRA is launching MANTRA USD, which operates as a purpose-built stablecoin dealing with tokenized RWAs.

As we head into a new year, we're excited to introduce our newest and freshest product, @mantraUSD.

Built in cooperation with @m0, here's everything you need to know about the world's first purpose-built ecosystem stablecoin for RWAs.👇 pic.twitter.com/zbvGichEru

— MANTRA | Tokenizing RWAs (@MANTRA_Chain) January 5, 2026 As per MANTRA’s official press release, the development strengthens builders to create secure, interoperable, and programmable financial products to fulfill ecosystem requirements. The project gets support from the provisional U.S. Treasuries backing the MANTRA EVM RWA network.

MANTRA USD Goes Live to Challenge $USDC and $USDT’s Dominance in Stablecoin Market MANTRA’s MANTRA USD is going live in collaboration with M0. Hence, the product intends to redefine the stablecoin market. At present, $USDT and $USDC are dominating the industry while providing yield gains to the issuers instead of the communities that back them. On the other hand, MANTRA USD challenges the respective model and redistributes rewards to network participants. Thus, it ensures that value generation benefits those who drive the adoption.

As a result, this shift underscores a fundamental reimagining of the wider stablecoin economics, breaking away from the extractive activities toward mutual incentives. Amid the growth of the stablecoin ecosystem beyond $300B, MANTRA USD emerges as a crucial part of the next-gen Stablecoin 2.0 epoch. In such an era, aligned networks thrive via equitable distribution of value.

Stablecoin Shift Redefines Value Sharing and Yields Stablecoin sector is experiencing a substantial turning point. What started as a noteworthy hedge against the rise in crypto volatility currently stands as a multi-trillion-dollar opportunity. So, it demands innovation in the method of reward sharing. The design of MANTRA USD follows this vision, providing an asset-backed, transparent model to fortify ecosystems instead of diluting them.

According to MANTRA, the new stablecoin product delivers an advanced settlement layer that lets users stake into relatively low-risk vaults for risk-free returns. At the same time, the builders and asset managers can utilize MANTRA USD in the form of an on-chain proxy in the case of off-chain yields. Ultimately, amid the expansion in adoption, MANTRA USD is poised to revolutionize how ecosystems distribute and capture value during 2026 and onwards.

AUTHOR

Crypto journalist with years of experience providing in-depth analysis and news on blockchain and decentralized finance. With a keen eye for detail, Shahzaib delivers insightful articles that explore the latest trends, market movements, and innovations within the crypto and blockchain ecosystem. His work focuses on educating readers while offering expert commentary on the evolving landscape of digital assets, DeFi protocols, and the broader impact of blockchain technology.

OM: How to Bridge USDC to MANTRA EVM via Squid

OM: MANTRA x Goldsky: High-Performance Blockchain Data Infrastructure for Builders

PANews reported on January 14th that MANTRA co-founder John Patrick Mullin issued a statement announcing a company restructuring and team reduction across multiple support departments, including business development, marketing, and human resources. Mullin stated that adverse events in April 2025 and downward market pressures led to an unsustainable cost structure, and the restructuring aims to focus on core strategies in the RWA (Resource-Based Asset) field to improve capital efficiency and maintain a leading position.

Hassan Shittu

Journalist

Hassan Shittu

Part of the Team Since

Jun 2023

About Author

Hassan, a Cryptonews.com journalist with 6+ years of experience in Web3 journalism, brings deep knowledge across Crypto, Web3 Gaming, NFTs, and Play-to-Earn sectors. His work has appeared in...

Has Also Written

Last updated: 

January 14, 2026

Mantra is restructuring after what its leadership described as one of the most difficult periods in the project’s history, following a severe collapse in its OM token and months of sustained market pressure that have forced the company to reassess its cost structure and priorities.

On Wednesday, Mantra CEO and co-founder John Patrick Mullin announced that the blockchain project would reduce its workforce and shift to a leaner operating model as it heads into 2026.

Today, I’m sharing one of the most difficult decisions we’ve had to make at MANTRA.

After the most challenging year MANTRA has faced for a multitude of reasons, I’ve decided to restructure the company. This includes reducing our team size and parting ways with a number of…

— JP Mullin (🕉, 🏘️) (@jp_mullin888) January 14, 2026 The decision comes after a year marked by aggressive expansion, a brutal token drawdown, and a prolonged downturn in market sentiment toward real-world asset tokenization.

Mantra Tightens Operations Token Collapse and prolonged market pressureIn a statement shared publicly, Mullin said the restructuring would involve job cuts across several teams, with business development, marketing, HR, and support roles among those most affected.

He claimed it was done as a response to the reality of matching expenditure with short-term realities since the cost base of Mantra could not be sustained in the face of the deteriorating market conditions.

Mullin added that the company would now be directed to disciplined execution, tightening of resources, and capital efficiency as it aims at stabilizing and rebuilding.

Going into 2024 and early 2025, Mantra had big growth plans and heavy investments to scale its RWA infrastructure, its chain, and its overall ecosystem.

Such effort assisted in making the project one of the top Layer-1s that concentrate on tokenized real-world assets.

However, Mullin said a combination of unfavorable events in April 2025, intensifying competition, and a prolonged market downturn ultimately forced the company to change course.

On April 13, the token fell from around $6.30 to below $0.50 during low-liquidity weekend trading, wiping out more than $6 billion in market capitalization within 24 hours, and triggered widespread concern across the DeFi sector.

Mantra denied any wrongdoing at the time, attributing the crash to forced liquidations by a large token holder on a centralized exchange.

Source: CoinGeckoCoinGecko data shows that OM had reached an all-time high of $8.99 in February 2025 before falling to as low as $0.59 by mid-April and remains trading roughly 99% below its peak.

Mantra Seeks Fresh Start After Cuts BackIn the aftermath of the collapse, Mantra took several steps aimed at restoring confidence, with Mullin announcing plans to burn 150 million OM tokens allocated to him at mainnet genesis, with the unstaking process completed later in April 2025.

A token buyback program and a public tokenomics dashboard were also introduced as part of a broader effort to improve transparency.

The project’s challenges were compounded later in 2025 by a public dispute with crypto exchange OKX over the timing and structure of OM’s token migration.

Mullin accused the exchange of publishing incorrect migration dates and urged users to withdraw tokens and follow official Mantra channels instead. The dispute added to uncertainty for holders already shaken by the April collapse.

Against that backdrop, Mullin said the restructuring is designed to extend Mantra’s runway and refocus the company on execution rather than expansion.

As the company looks to the future, Mullin explained that Mantra would be more disciplined and will ship faster and push itself forward into a sustainable and profitable future.

He said the company remains committed to its RWA strategy and believes a leaner structure will leave it better positioned to navigate market volatility and deliver on its long-term vision as the next phase of crypto adoption unfolds.

The blockchain and altcoin project, MANTRA, known for its focus on real-world assets, embarked on an extensive reorganization following the tumultuous market conditions. John Patrick Mullin, the company’s founder and CEO, publicly acknowledged that the past year had been the most challenging in the company’s history. To enhance financial sustainability, MANTRA initiated staff reductions, a decision taken after several months of internal evaluation and cost-containment efforts proved insufficient to address short-term market realities. The prolonged downturn in the cryptocurrency market necessitated a reevaluation of the operational scale of MANTRA coin.

Restructuring of MANTRA’s Cost StructureAccording to the announcement, job cuts impacted various departments, including business development, marketing, human resources, and support teams. Mullin clarified that these layoffs were not related to individual performance, highlighting the significant contributions of the affected employees to building the MANTRA ecosystem. Throughout 2024 and into the first quarter of 2025, the company expanded aggressively, particularly in the RWA tokenization sector, through enhanced infrastructure, ecosystem development, and market-entry investments.

Despite these efforts, a prolonged downward trend in the cryptocurrency market, intensified competition, and “unfortunate and unfair” developments in April 2025 rendered the company’s cost structure untenable. The management concluded that deeper cuts were inevitable to maintain financial stability. The primary goal of the reorganization was to render MANTRA a more agile organization, thereby strengthening operational discipline.

OM Coin Crisis and Quest for TrustAt the core of MANTRA’s recent challenges was the severe price volatility experienced in April 2025. The project’s mainnet asset, OM coin, plummeted approximately 90% in a single day, triggering widespread liquidations and investor panic. This crash also sparked accusations of insider trading and governance debates surrounding the project.

In response to these events, Mullin announced the burning of 300 million OM coins from the team’s reserves, aiming to restore confidence. The token burn, conducted in April’s final days, permanently reduced the circulating supply, lowered staking rates, and sought to rebalance the ecosystem. Through these measures and the restructuring process, management aims to lead MANTRA into 2026 as a more focused, streamlined, and resilient organization.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

DUBAI, UAE and HONG KONG, Jan. 29, 2026 /PRNewswire/ — Pyse has received the required Non-Objection Certificate (NOC) from Dubai’s Virtual Assets Regulatory Authority (VARA) to distribute PYSE Green Velocity 1, a token designed to fractionalize lease-based cash flows from electric motorcycles deployed across Dubai’s last mile delivery ecosystem.

The product will be distributed in Dubai through MANTRA Finance, a licensed broker-dealer operating under VARA’s VASP regulatory regime. The launch on February 10th, 2026 will follow nearly a year of collaboration between Pyse, MANTRA Finance, and a Shariah advisor, AmanX, to structure and prepare a fully regulated and Shariah compliant offering.

Following early real estate tokenization initiatives in Dubai, this launch approval marks one of the next steps in bringing income-generating infrastructure assets into regulated virtual asset markets. It reflects Dubai’s continued progression from experimentation to real-world deployment of tokenized assets within a clear supervisory framework.

Last mile delivery sits at the heart of Dubai’s urban economy, keeping platforms like Noon and Talabat moving at full pace. Driven by strong ecommerce adoption and dense city logistics, the segment represents a multi billion dollar opportunity and plays a central role in keeping goods and services moving efficiently across the city. Electric motorcycles are a key part of this system, offering lower operating costs, faster delivery times, and improved earnings outcomes for riders and delivery operators.

PYSE Green Velocity 1 fractionalizes lease-based cash flows generated by electric motorcycles deployed across Dubai. These are revenue generating, income producing assets that support riders, delivery partners, and the broader urban mobility ecosystem. By financing electric motorcycles, the structure contributes to the electrification of last mile delivery while improving unit economics for ecosystem participants.

“The ability to structure a Dubai-based asset, as an offering distributed to investors locally, is a strong signal of the country’s future-focused approach,” said Kaustubh Padakannaya, Co-Founder of Pyse. “This product would not be possible without VARA’s clarity and willingness to engage deeply with new asset classes. And we can’t wait to get the people of Dubai to become a part of the rapidly growing 10 minute economy”

“We are incredibly excited to partner with Pyse as the first onchain tokenized asset issuance on MANTRA Finance’s VARA regulated platform.” John Patrick Mullin, CEO and Founder of MANTRA, said. “We have been working with the Pyse team since the beginning of the MANTRA RWA accelerator, and are glad to see this real world use case coming together in a safe, compliant, and novel way. This offering will be a great example of how the MANTRA Finance platform will work with its key partners to leverage onchain DeFi technology with compliance oversight.”

The product has been structured to be Shariah compliant and has been independently audited by AmanX. The Shariah compliant structure aligns the product with regional investor expectations and reinforces its positioning as a long term, asset based investment.

The issuance of the required Non-Objection Certificate (NOC) by VARA on PYSE Green Velocity 1 reflects a regulatory environment that recognizes the role of tokenization in modern capital markets and is committed to building the necessary rails responsibly.

This approval represents a starting point as Pyse engages with wealth managers, family offices, and private investors in the coming weeks as the token is open for subscription.

PYSE Green Velocity 1 is a Shariah compliant real world asset product, built for Dubai’s sustainable vision and future first financial ecosystem.

A waitlist is now open on MANTRA Finance, with limited allocation remaining for the MANTRA community and public investors. The waitlist will close ahead of the February 10th launch.

Licensing or registration with VARA does not imply endorsement or approval of any specific Virtual Asset product, offering, or service.

About MANTRA

MANTRA is a purpose-built EVM compatible Layer 1 blockchain designed for real world assets, with native support for regulatory compliance.

MANTRA holds a Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA) to operate as a Virtual Asset Exchange and provide broker-dealer, management, and investment services.

www.mantrachain.io

Rubio: US and Iran to continue technical consultations at the end of this month

Multiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency)

7 hours ago

Over the past 24 hours, total crypto market liquidations hit $606 million, with more than 130,000 traders liquidated.

According to Coinglass data, the global cryptocurrency market recorded $606 million in liquidations over the past 24 hours, including $542 million in long-position liquidations and $68.22 million in short-position liquidations. A total of 135,785 traders worldwide were liquidated in the same period, with the largest single liquidation order occurring on Binance’s BTCUSDT trading pair, valued at $12.0111 million.

7 hours ago

Bitcoin falls below $60,000

According to HTX market data, Bitcoin has fallen below $60,000, with a 4.3% drop in the past 24 hours.

7 hours ago

US Treasury Secretary: AI boom may boost productivity and help curb inflation.

US Treasury Secretary Bessent told CNBC in an interview that he hopes the Federal Reserve will remain "open-minded" about the inflation pattern after the reversal of Iran-related energy price hikes. Bessent noted that the U.S. could enter an economic environment marked by high GDP growth without a corresponding rise in traditional inflation. He cited that in the 1990s, Alan Greenspan foresaw that office modernization and the internet could drive non-inflationary growth, and allowed the economy to keep expanding. Bessent believes the U.S. has a strong chance of seeing a similar scenario again. When asked whether the Fed still needs to worry about potential inflation and whether interest rate cuts are possible this year or next, Bessent declined to comment. However, he argued that it is necessary to stay open-minded about the price or inflation impacts from the Iran conflict, and monitor inflation performance after those effects subside. Bessent also said an open mind is needed, as the AI boom could boost productivity and deliver disinflationary effects, helping inflation return to the Fed’s target level. He added that he believes Kevin Warsh will choose the optimal path that meets both the Fed’s inflation and growth mandates. Bessent also noted that Warsh previously took a hawkish stance on inflation.

7 hours ago

US stocks' intraday storage sector sees broad declines, with Western Digital and Seagate Technology both falling over 4%.

According to Bitget data, during U.S. stock trading hours, the storage sector saw broad declines: Western Digital (WDC) fell 4.47%, Seagate Technology (STX) dropped 4.17%, SanDisk (SNDK) declined 2.31%, and Micron Technology (MU) edged down 0.96%. Most optical communication concept stocks rose, with Corning (GLW) leading the gains at 9.75%, followed by Ciena (CIEN) up 3.24%, Coherent (COHR) rising 2.93%, Lumentum (LITE) gaining 2.61%, and Nokia (NOK) advancing 1.82%. Additionally, Marvell Technology (MRVL) fell 2.59% and Applied Optoelectronics (AAOI) declined 1.90%.

7 hours ago

During intraday trading in U.S. stocks, crypto-related concept stocks fell broadly, with MSTR dropping more than 7%.

According to Bitget market data, the three major U.S. stock indexes rose broadly: the Dow Jones Industrial Average gained 0.94%, the S&P 500 increased 0.60%, and the Nasdaq rose 0.63%. Crypto-related stocks fell across the board, with declines as follows: Strategy (MSTR) down 7.33%; Circle (CRCL) down 4.35%; Bitmine (BMNR) down 3.97%; Coinbase (COIN) down 3.73%; Robinhood (HOOD) down 3.70%; Gemini (GEMI) down 3.27%; Bullish (BLSH) down 3.25%; Sharplink (SBET) down 3.19%.

7 hours ago

Rubio: US and Iran to continue technical consultations at the end of this month

Multiple foreign media outlets reported on the 24th that US Secretary of State Rubio said technical teams from the United States and Iran will hold further talks in Switzerland by the end of June. (Xinhua News Agency)

7 hours ago

Over the past 24 hours, total crypto market liquidations hit $606 million, with more than 130,000 traders liquidated.

According to Coinglass data, the global cryptocurrency market recorded $606 million in liquidations over the past 24 hours, including $542 million in long-position liquidations and $68.22 million in short-position liquidations. A total of 135,785 traders worldwide were liquidated in the same period, with the largest single liquidation order occurring on Binance’s BTCUSDT trading pair, valued at $12.0111 million.

7 hours ago

Bitcoin falls below $60,000

According to HTX market data, Bitcoin has fallen below $60,000, with a 4.3% drop in the past 24 hours.

7 hours ago

US Treasury Secretary: AI boom may boost productivity and help curb inflation.

US Treasury Secretary Bessent told CNBC in an interview that he hopes the Federal Reserve will remain "open-minded" about the inflation pattern after the reversal of Iran-related energy price hikes. Bessent noted that the U.S. could enter an economic environment marked by high GDP growth without a corresponding rise in traditional inflation. He cited that in the 1990s, Alan Greenspan foresaw that office modernization and the internet could drive non-inflationary growth, and allowed the economy to keep expanding. Bessent believes the U.S. has a strong chance of seeing a similar scenario again. When asked whether the Fed still needs to worry about potential inflation and whether interest rate cuts are possible this year or next, Bessent declined to comment. However, he argued that it is necessary to stay open-minded about the price or inflation impacts from the Iran conflict, and monitor inflation performance after those effects subside. Bessent also said an open mind is needed, as the AI boom could boost productivity and deliver disinflationary effects, helping inflation return to the Fed’s target level. He added that he believes Kevin Warsh will choose the optimal path that meets both the Fed’s inflation and growth mandates. Bessent also noted that Warsh previously took a hawkish stance on inflation.

7 hours ago

US stocks' intraday storage sector sees broad declines, with Western Digital and Seagate Technology both falling over 4%.

According to Bitget data, during U.S. stock trading hours, the storage sector saw broad declines: Western Digital (WDC) fell 4.47%, Seagate Technology (STX) dropped 4.17%, SanDisk (SNDK) declined 2.31%, and Micron Technology (MU) edged down 0.96%. Most optical communication concept stocks rose, with Corning (GLW) leading the gains at 9.75%, followed by Ciena (CIEN) up 3.24%, Coherent (COHR) rising 2.93%, Lumentum (LITE) gaining 2.61%, and Nokia (NOK) advancing 1.82%. Additionally, Marvell Technology (MRVL) fell 2.59% and Applied Optoelectronics (AAOI) declined 1.90%.

7 hours ago

During intraday trading in U.S. stocks, crypto-related concept stocks fell broadly, with MSTR dropping more than 7%.

According to Bitget market data, the three major U.S. stock indexes rose broadly: the Dow Jones Industrial Average gained 0.94%, the S&P 500 increased 0.60%, and the Nasdaq rose 0.63%. Crypto-related stocks fell across the board, with declines as follows: Strategy (MSTR) down 7.33%; Circle (CRCL) down 4.35%; Bitmine (BMNR) down 3.97%; Coinbase (COIN) down 3.73%; Robinhood (HOOD) down 3.70%; Gemini (GEMI) down 3.27%; Bullish (BLSH) down 3.25%; Sharplink (SBET) down 3.19%.

7 hours ago

Top 5 Performing Coins of 2024— See the Cryptos That Made the Cut

Industry Experts Bullish on Altcoins Post-Bitcoin Halving

Upbit’s New Altcoin Listings Spark Massive Gains, Pocket Network Leads Rally