Canada is Launching Its First XRP ETF This Week

MANTRA is planning to launch a $108,888,888 Ecosystem Fund to drive RWA innovation over the next four years and help accelerate projects in MANTRA’s blockchain ecosystem.

MANTRA’s native token OM has shown significant resilience in the current market downturn. OM is currently the only altcoin among the top 30 tokens to have posted positive gains over the past 24 hours. 

MANTRA’s RWA Ecosystem Fund

MANTRA, a Layer-1 blockchain for asset tokenization, is heavily invested in the RWA market. Since its mainnet launch in 2024, it has carried out major partnerships and planned to tokenize huge volumes of assets.

Today, it announced the launch of a $108,888,888 Ecosystem Fund to propel RWA innovation in its blockchain ecosystem.

“In an era where blockchain technology is revolutionizing finance, the MEF will serve as a catalyst for groundbreaking projects that drive real-world adoption through a focus upon the tokenization of real world assets. We are opening doors for visionary founders and teams to join us in building and creating a thriving ecosystem,” claimed John Patrick Mullin, founder and CEO.

Mullin delivered these comments in an exclusive press release shared with BeInCrypto. MANTRA plans to deploy this fund over the next four years, working with “a strong network of partners and investors” to maximize RWA growth.

The firm also claimed that its new license approvals in Dubai will allow it to facilitate advanced financial services.

MANTRA successfully obtained a Virtual Asset Service Provider (VASP) license, which will allow it to act as a crypto exchange and offer broker-dealer, management, and Investment Services. With these tools, the network can direct RWA investment.

Since the RWA Fund announcement, the OM token has actually performed quite well today. Given the wide-scale liquidations across the crypto market due to Trump’s tariff threats, OM has gained over 2% in the past 24 hours.

In fact, MANTRA’s native token is the only cryptocurrency among the top 30 to have any positive gains. It’s also among the top 5 highest gainers in the market today.

Overall, investors seem extremely confident in MATRA’s growth and the network’s continuous development. The project’s latest investment fund reflects its commitment to influencing positive developments in the RWA ecosystem.

Meanwhile, the find will likely encourage more RWA projects to launch or shift to the network, increasing MANTRA’s utility. According to DefiLlama, the network only has $4.2 million in total value locked (TVL).

With this fund, the project’s main goal will be to improve participation and long-term engagement on the blockchain.

The post OM Price Remains Positive as MANTRA Announces $108 Million RWA Fund appeared first on BeInCrypto.

Singapore is cracking down on crypto exchanges, while Hong Kong unveiled a new legal framework to encourage investment. Hong Kong may have an opportunity to attract crypto investment from across the region.

China is also liquidating seized assets, potentially giving Hong Kong-based firms an opportunity to buy these products cheaply. Still, Singapore is continuing to issue some exchange licenses, and fears of capital flight may be overblown.

Hong Kong and Singapore’s New Regulations

Although Singapore has maintained an image as a crypto-friendly country, some recent regulations aimed at exchanges may be changing the equation.

Its new, tougher guidelines took effect this week, possibly creating obstacles to the nation’s industry. However, Hong Kong could be poised to take Singapore’s place as a regional crypto hub.

On the surface, Hong Kong seems like a strange choice to replace Singapore. Sure, it approved Bitcoin ETFs, but China’s hostility to crypto is quite well-established.

However, the city could benefit from a few recent developments. Hong Kong passed new stablecoin laws while China is liquidating seized tokens, potentially creating a window for firms to acquire new assets:

“These moves are intimately connected, forming a strategic blueprint that could redefine Hong Kong’s role in the global virtual asset ecosystem. This is likely to attract quality projects looking for a compliant, liquid, and globally connected base,” Joshua Chu, a lawyer and co-chair of the Hong Kong Web3 Association, told local media.

Singapore’s new regulation aims to severely crack down on unregistered exchanges and make the licensing process more difficult.

The government is taking a harsh view on crypto crime, with cabinet ministers warning citizens to stay away from the industry entirely. That doesn’t seem good for long-term growth.

In other words, Singapore may have a head start in terms of crypto licenses, but Hong Kong has been accelerating approvals.

Last week, Hong Kong unveiled its new LEAP framework, explicitly aimed at encouraging crypto investment. If these two cities both continue their ongoing trends, a realignment seems plausible.

Still, there are many contingent factors, and this move is by no means guaranteed. Singapore may have stricter licensing requirements, but it is nonetheless approving some requests.

Earlier this week, Robinhood’s BitStamp platform announced that it obtained such a license under the new rules. Major firms are still making fresh expansions into Singapore.

In short, a lot of things are still up in the air. Hong Kong may take some of Singapore’s market share, but this switch might never materialize. Ideally, both cities will remain regional crypto hubs, each contributing to the global ecosystem.

The post Could Hong Kong Replace Singapore as a Regional Crypto Hub? appeared first on BeInCrypto.

Solana (SOL) is up 28.4% over the past month, but its momentum has slowed. After briefly touching $184, it has gained just 0.78% in the last seven days. Despite this, Solana continues to dominate DEX metrics, leading all chains with $27.9 billion in weekly volume.

The broader ecosystem remains active, with multiple Solana-based apps among the top fee generators. However, technical indicators such as RSI, Ichimoku Cloud, and EMA lines suggest the rally may be losing steam, signaling a potential period of consolidation or correction ahead.

Solana Leads DEX Market With $27.9 Billion Weekly Volume and Surging App Activity

Solana continues to assert its dominance in the decentralized exchange (DEX) ecosystem, leading all chains in trading volume for the fourth consecutive week.

Over the past seven days alone, Solana recorded $27.9 billion in DEX volume—surpassing BNB Chain, Ethereum, Base, and Arbitrum.

The weekly DEX volume for Solana surged by 45.78%, signaling a strong resurgence in on-chain activity after decreasing activity between March and April.

This rise is a spike and part of a broader trend, with volumes consistently staying above the $20 billion mark over the past month.

Adding to its momentum, Solana is home to four of the past week’s ten highest fee-generating apps and chains. This includes familiar platforms and newcomers, showing a healthy diversity in the ecosystem.

Believe App, a newly launched Solana-based launchpad, stands out in the recent surge. In the last 24 hours alone, it generated $3.68 million in fees—surpassing well-established platforms like PancakeSwap, Uniswap, and Tron.

Momentum Cools for SOL as Indicators Turn Neutral

Solana’s Relative Strength Index (RSI) has dropped to 51.99, down from 66.5 just three days ago, signaling a clear loss of bullish momentum.

Over the past few days, the RSI has hovered between 44 and 50, reflecting a more neutral market sentiment after previously nearing overbought conditions.

This shift suggests that traders are more cautious, and recent gains may be cooling off.

The RSI is a momentum indicator that ranges from 0 to 100, with values above 70 indicating overbought conditions and below 30 signaling oversold territory. At 51.99, Solana sits in the neutral zone, which typically suggests a period of consolidation or indecision.

If the RSI rises above 60 again, it could point to renewed bullish strength; if it dips below 45, further downside pressure may follow.

Solana’s Ichimoku Cloud chart shows a period of consolidation following a strong uptrend, with key signals now suggesting indecision.

The price is hovering near the Kijun-sen (red line) and Tenkan-sen (blue line), both of which have started to flatten—indicating a slowdown in momentum.

The Chikou Span (green lagging line) remains above the candles, suggesting that the broader trend still has a bullish bias. However, the lack of distance between it and the current price action reflects weakening strength.

The Kumo Cloud (green and red shaded area) ahead is still bullish, with the leading span lines spread apart, providing support beneath the current price.

However, with candles now closely interacting with the Kijun-sen and failing to strongly break above the Tenkan-sen, the short-term sentiment appears cautious.

If the price can push decisively above the blue line, momentum may return, but any drift into the cloud could signal the start of a more prolonged consolidation phase or potential trend reversal.

Solana’s Bullish EMA Structure Faces Momentum Slowdown

Solana’s EMA lines remain bullish, with the short-term moving averages positioned above the longer-term ones. However, the gap between these lines is narrowing, suggesting that upward momentum is weakening.

Solana price recently failed to break past a key resistance level, and although a retest could open the path toward reclaiming the $200 zone, the lack of strong follow-through raises questions about the trend’s strength.

Complementing this cautious outlook, the Ichimoku Cloud and RSI indicators point to a potential cooldown. Solana recently held above an important support level but remains vulnerable—if that support breaks, further downside could follow.

The broader structure still leans bullish, but the market appears to be at a crossroads. The next move likely depends on whether buyers can reclaim initiative or sellers push through key lower levels.

The post Solana (SOL) Momentum Slows – Is $200 Still in Sight? appeared first on BeInCrypto.