Wall Street analysts project that the U.S. SEC will approve a bunch of spot crypto ETFs possibly before the end of the third quarter.
Dogecoin price has hinted at an imminent rally towards its all-time high in the near future.
The United States Securities and Exchange Commission (SEC) delayed its decision-making on the proposed rule change to list and trade shares of Bitwise Dogecoin ETF under NYSE Arca. According to the announcement by Sherry Haywood, the SEC’s assistant secretary, the agency has designated June 15, 2025 as the next date the commission will make its decision on the Bitwise Dogecoin ETF.
“The commission finds it appropriate to designate a longer period within which to take action on the proposed rule change so that it has sufficient time to consider the proposed rule change and the issues raised therein,” the announcement noted.
Closer Look at SEC’s Playbook on Dogecoin ETF
The U.S. SEC delayed decision-making for several crypto ETF products on Monday, led by spot XRP and Dogecoin ETFs. According to James Seyffart, a senior ETF analyst at Bloomberg, the U.S. SEC will likely delay decisions for spot Solana (SOL) and Hedera (HBAR) this week.
However, Seyffart is of the opinion that the SEC, under the new leadership of Paul Atkins, will approve a bunch of spot crypto ETFs in the third quarter and before the final deadlines in mid-October.
Agreed. i personally think the odds of a bunch of these crypto ETPs getting approved in late June or into July is fairly decent. Idk if its my ‘base case’ but GDLC’s conversion is due early July. I could see this SEC just signing off on a whole bunch around that same time.
The initial Dogecoin selloff expected in the first quarter has significantly reduced after the meme lord closed last week with a bullish outlook. The large-cap memecoin, with a fully diluted valuation of about $26.7 billion and a 24-hour average trading volume of around $1 billion, gained over 15 percent in the past two weeks to trade about $0.179 at the time of this writing.
If #Dogecoin$DOGE can secure a monthly close above $0.20, it could pave the way for a rally toward its all-time high of $0.74. Such a breakout would signal strong bullish momentum and potentially attract increased investor interest. pic.twitter.com/ky88B6XFZy
From a technical analysis standpoint, DOGE’s price is well-primed to enter its price discovery phase in the coming months. According to crypto analyst Ali Martinez, DOGE price will regain its all-time high above 74 cents, if the memecoin closes April above 20 cents.
Cryptocurrency prices have dropped sharply in the past 24 hours. Investors pulled out of risky assets due to the rising tensions between the US-China trade war.
The US has now raised tariffs on Chinese imports to as high as 245% tariffs on imports as a result of its retaliatory actions and added new limits on chip exports.
Trump has reportedly urged China to initiate the trade talks saying that the US does not need a deal. However, China responded that the US must stop using pressure and threats if it truly wants to resolve the issue through negotiations. “For any dialog to happen, it must be based on equality, respect and mutual benefit,” Chinese Foreign Ministry spokesman Lin Jian said.
The U.S. had previously imposed a 145% tariff on Chinese imports, while China responded with a 125% tariff on U.S. goods.
Bitcoin and Broader Market Declines
Bitcoin has dropped over 2% in response and the broader crypto market dropped 3.75%. Stock markets were also impacted as Nasdaq 100 futures fell over 1% and S&P 500 futures dropped 0.65%. Although Bitcoin stayed relatively stable during earlier sessions, signs suggest that its recent bull run might slow down. It is currently trading at $83,826, down over 2% in the past day.
Besides, Bitcoin dropped below its 200-day simple moving average on March 9, which often signals major trend shifts. According to Coinbase institutional, this move suggests that Bitcoin’s sharp decline marks the start of a new bear market cycle which started in late March itself.
The Bull Market Is Over?
Coinbase Institutional’s research head, David Duong said that a key risk-adjusted performance metric called the Z-score indicates that the crypto bull run likely ended in late February. The market has since been moving sideways neither bullish not bearish, but neutral.
However, crypto prices have held up relatively well. A trader at market maker Wintermute believes that this stability gives traders more confidence to use protective strategies like hedging. Therefore, some prime brokers have moved from being cautious to neutral on risk assets. The upcoming market moves will likely depend on actual economic data.
The Macro Factors
Key economic data is set to be released this month, including a speech from Fed Chair today where investors expect insights on the next rate cut move. Meanwhile, the uncertainty in risk assets has pushed investor towards safer assets like Gold, which is now up over 26% this year, while dollar has dropped 9%. Gold also hit a new record high of $3,300 per ounce amid escalating US China tensions.
Analyst Ali Martinez has recently pointed out that Bitcoin is consolidating within a channel, and since the $83,200 support level is holding strong, there’s a good chance it could bounce back and rise toward the middle or top of that range. It remains to be seen if Bitcoin will rise back up or drop further.
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Cryptocurrency prices have dropped sharply in the past 24 hours. Investors pulled out of risky assets due to the rising tensions between the US-China trade war. The US has now raised tariffs on Chinese imports to as high as 245% tariffs on imports as a result of its retaliatory actions and added new limits on …
The collapse of the MANTRA (OM) token has left investors reeling, with many facing significant losses. As analysts comb through the causes of the collapse, many questions remain.
BeInCrypto consulted industry experts to identify five critical red flags behind MANTRA’s downfall and reveal strategies investors can adopt to steer clear of similar pitfalls in the future.
MANTRA (OM) Crash: What Investors Missed and How to Avoid Future Losses
On April 13, BeInCrypto broke the news of OM’s 90% crash. The collapse raised several concerns, with investors accusing the team of orchestrating a pump-and-dump scheme. Experts believe that there were many early signs of trouble.
In addition, the project adopted an inflationary tokenomic model with an uncapped supply, replacing the previous hard cap. As part of this transition, the total token supply was also increased to 1.7 billion.
However, the move wasn’t without drawbacks. According to Jean Rausis, co-founder of SMARDEX, tokenomics was a point of concern in the OM collapse.
“The project doubled its token supply to 1.77 billion in 2024 and shifted to an inflationary model, which diluted its original holders. Complex vesting favored insiders, while low circulating supply and massive FDV fueled hype and price manipulation,” Jean Rausis told BeInCrypto.
Moreover, the team’s control over the OM supply also raised centralization concerns. Experts believe this was also a factor that could have led to the alleged price manipulation.
“About 90% of OM tokens were held by the team, indicating a high level of centralization that could potentially lead to manipulation. The team also maintained control over governance, which undermined the project’s decentralized nature,” said Phil Fogel, co-founder of Cork.
Phil Fogel acknowledged that a concentrated token supply isn’t always a red flag. However, it’s crucial for investors to know who holds large amounts, their lock-up terms, and whether their involvement aligns with the project’s decentralization goals.
Moreover, Ming Wu, the founder of RabbitX, also argued that analyzing this data is essential to uncover any potential risks that could undermine the project in the long term.
“Tools like bubble maps can help identify potential risks related to token distribution,” Wu advised.
2. OM Price Action
2025 has been marked as the year of significant market volatility. The broader macroeconomic pressures have weighed heavily on the market, with the majority of the coins experiencing steep losses. Yet, OM’s price action was relatively stable until the latest crash.
OM vs. TOTAL Market Performance. Source: TradingView
“The biggest red flag was simply the price action. The whole market was going down, and nobody cared about MANTRA, and yet its token price somehow kept pumping in unnatural patterns – pump, flat, pump, flat again,” Jean Rausis disclosed.
He added that this was a clear sign of a potential issue or problem with the project. Nevertheless, he noted that identifying the differentiating price action would require some technical analysis know-how. Thus, investors lacking the knowledge would have easily missed it.
Despite this, Rausis highlighted that even the untrained eye could find other signs that something was off, ultimately leading to the crash.
Strategies to Protect Yourself
While investors remained optimistic about OM’s resilience amid a market downturn, this ended up costing them millions. Eric He, LBank’s Community Angel Officer, and Risk Control Adviser emphasized the importance of proactive risk management to avoid OM-style collapses.
“First, diversification is key—spreading capital across projects limits single-token exposure. Stop-loss triggers (e.g., 10-20% below buy price) can automate damage control in volatile conditions,” Eric shared with BeInCrypto.
Ming Wu had a similar perspective, emphasizing the importance of avoiding over-allocation to a single token. The executive explained that a diversified investment strategy helps mitigate risk and enhances overall portfolio stability.
“Investors can use perpetual futures as a risk management tool to hedge against potential price declines in their holdings,” Wu remarked.
Meanwhile, Phil Fogel advised focusing on a token’s liquidity. Key factors include the float size, price sensitivity to sell orders, and who can significantly impact the market.
3. Project Fundamentals
Experts also highlighted major discrepancies in MANTRA’s TVL. Eric He pointed out a significant gap between the token’s fully diluted valuation (FDV) and the TVL. OM’s FDV reached $9.5 billion, while its TVL was only $13 million, indicating a potential overvaluation.
“A $9.5 billion valuation against $13 million TVL, screamed instability,” Forest Bai, co-founder of Foresight Ventures, stated.
Notably, several issues were also raised regarding the airdrop. Jean Rausis called the airdrop a “mess.” He cited many issues, including delays, frequent changes to eligibility rules, and the disqualification of half the participants. Meanwhile, suspected bots were not removed.
“The airdrop disproportionately favored insiders while excluding genuine supporters, reflecting a lack of fairness,” Phil Fogel reiterated.
The criticism expanded further as Fogel pointed out the team’s alleged associations with questionable entities and ties to questionable initial coin offerings (ICOs), raising doubts about the project’s credibility. Eric He also suggested that MANTRA was allegedly tied to gambling platforms in the past.
Strategies to Protect Yourself
Forest Bai underscored the importance of verifying the project team’s credentials, reviewing the project roadmap, and monitoring on-chain activity to ensure transparency. He also advised investors to assess community engagement and regulatory compliance to gauge the project’s long-term viability.
Ming Wu also stressed distinguishing between real growth and artificially inflated metrics.
“It’s important to differentiate real growth from activity that’s artificially inflated through incentives or airdrops, unsustainable tactics like ‘selling a dollar for 90 cents’ may generate short-term metrics but don’t reflect actual engagement,” Wu informed BeInCrypto.
Finally, Wu recommended researching the background of the project’s team members to uncover any history of fraudulent activity or involvement in questionable ventures. This would ensure that investors are well-informed before committing to any project.
4. Whale Movements
As BeInCrypto reported earlier, before the crash, a whale wallet reportedly associated with the MANTRA team deposited 3.9 million OM tokens into the OKX exchange. Experts highlighted that this wasn’t an isolated incident.
“Large OM transfers (43.6 million tokens, ~$227 million) to exchanges days prior were a major warning of potential sell-offs,” Forest Bai conveyed to BeInCrypto.
Ming Wu also explained that investors should pay close attention to such large transfers, which often act as warning signals. Moreover, analysts at CryptoQuant also outlined what investors should look out for.
“OM transfers into exchanges amounted to as much as $35 million in just an hour. This represented an alert sign as: Transfers into exchanges are below $8 million in a typical hour (excluding transfers into Binance, which are typically large given the size of the exchange). Transfers into exchanges represented more than a third of the total OM transferred, which indicates a high transfer volume into exchanges,” CryptoQuant informed BeInCrypto.
Strategies to Protect Yourself
CryptoQuant stated that investors need to monitor the flows of any token into exchanges, as it could indicate increasing price volatility in the near future.
Meanwhile, Risk Control Adviser Eric He outlined four strategies to stay up-to-date when it comes to large transfers.
Chain Sleuthing: Tools like Arkham and Nansen allow investors to track large transfers and monitor wallet activity.
Set Alerts: Platforms like Etherscan and Glassnode notify investors of unusual market movements.
Track Exchange Flows: Users need to track large flows into centralized exchanges.
Check Lockups: Dune Analytics helps investors determine if team tokens are being released earlier than expected.
He also recommended focusing on the market structure.
“OM’s crash proved market depth is non-negotiable: Kaiko data showed 1% order book depth collapsed 74% before the fall. Always check liquidity metrics on platforms like Kaiko; if 1% depth is below $500,000, that’s a red flag,” Eric revealed to BeInCrypto.
Additionally, Phil Fogel underlined the importance of monitoring platforms like X (formerly Twitter) for any rumors or discussions about possible dumps. He stressed the need to analyze liquidity to assess whether a token can handle sell pressure without causing a significant price drop.
Interestingly, experts were slightly divided on how CEXs contributed to OM’s crash. Forest Bai claimed that CEX liquidations during low-liquidity hours worsened the crash by triggering cascading sell-offs. Eric He corroborated this sentiment.
“CEX liquidations played a major role in the OM crash, acting as an accelerant. With thin liquidity—1% depth falling from $600,000 to $147,000—forced closures triggered cascading liquidations. Over $74.7 million was wiped in 24 hours,” he mentioned.
“Analyzing the open interest in the OM derivatives market reveals that it was less than 0.1% of OM’s market capitalization. However, what’s particularly interesting is that during the market collapse, open interest in OM derivatives actually increased by 90%,” Wu expressed to BeInCrypto.
According to the executive, this challenges the idea that liquidations or forced closures caused the price drop. Instead, it indicates that traders and investors increased their short positions as the price fell.
Strategies to Protect Yourself
While the involvement of CEXs remains debatable, the experts did address the key point of investor protection.
“Investors can limit leverage to avoid forced liquidations, choose platforms with transparent risk policies, monitor open interest for liquidation risks, and hold tokens in self-custody wallets to reduce CEX exposure,” Forest Bai recommended.
Eric He also advised that investors should mitigate risks by adjusting leverage dynamically based on volatility. If tools like ATR or Bollinger Bands signal turbulence, exposure should be reduced.
The MANTRA (OM) collapse is a powerful reminder of the importance of due diligence and risk management in cryptocurrency investments. Investors can minimize the risk of falling into similar traps by carefully assessing tokenomics, monitoring on-chain data, and diversifying investments.
With expert insights, these strategies will help guide investors toward smarter, more secure decisions in the crypto market.
The cryptocurrency market has always been a place for bold moves and unprecedented success stories. In recent years, two names have captured the spotlight: Dogecoin, a coin that started as a joke but rose to fame thanks to its passionate community, and Skyren DAO, a decentralized airdrop collection platform that has quickly gained momentum. As the next Bitcoin bull market approaches, both projects stand out for different reasons, yet their rise echoes similar themes of community support, innovation, and market impact.
The Meteoric Rise of Dogecoin
Dogecoin’s journey has been remarkable. Launched as a lighthearted take on cryptocurrency, it quickly gained a cult following with its Shiba Inu mascot and the viral “Doge” meme. However, Dogecoin’s success goes beyond its fun image; it has established itself as a staple of the crypto world.
Dogecoin’s value surged in 2021, driven by support from high-profile figures like Elon Musk, who called it the “people’s crypto.” This endorsement, combined with the strong Dogecoin community, propelled it to new heights. Despite its meme origins, Dogecoin has found real-world applications in tipping creators and enabling microtransactions due to its low fees and fast transaction times.
Skyren DAO: A New Approach to Decentralized Finance
Skyren DAO offers a different vision for the crypto market. As the world’s first airdrop collection DAO, Skyren focuses on providing its token holders with passive income opportunities by collecting and distributing airdrops from multiple blockchain projects. The project emphasizes transparency, decentralization, and financial rewards.
What makes Skyren DAO stand out?
Airdrop Collection: Holders of the SKYRN token automatically qualify for airdrops from partner projects.
High APY Returns: Skyren anticipates an average return of 216% APY with all earning events included.
DAO Governance: Token holders have a voice in key decisions, ensuring transparency and a community-driven approach.
Automated Income: The platform leverages smart contracts to automate income distribution.
Skyren DAO’s presale Phase 5 is currently live, with the price at $0.048 per SKYRN token, set to increase to $0.052 in the next phase. With a total of 5,000,000 tokens available and a projected launch price of $0.16, early investors are positioning themselves for significant potential returns.
Audits from Cyberscope and Solidproof demonstrate the platform’s commitment to security and transparency.
What Crypto Enthusiasts Are Saying About Skyren DAO
Skyren DAO has generated positive attention in the crypto community, with influencers and analysts praising its innovative approach. For example, Crypto Chino has highlighted the project’s focus on airdrop rewards and DAO governance, showcasing it as a unique and promising opportunity in the rapidly evolving DeFi space.
In addition, Skyren’s dedication to security and transparency is backed by multiple audits, ensuring investor confidence and trust.
Dogecoin and Skyren DAO: A Tale of Two Crypto Success Stories
Dogecoin and Skyren DAO may have different origins and approaches, but both projects showcase the power of community and innovation in the crypto market. While Dogecoin has captured hearts with its playful image and accessibility, Skyren DAO has carved a niche for itself by focusing on airdrop rewards and decentralized governance.
As the next Bitcoin bull market approaches, these two projects offer unique opportunities for investors seeking growth, rewards, and financial empowerment.
The post Dogecoin Popularity Echoes Skyren DAO’s Rise in Bitcoin Bull Market appeared first on Coinpedia Fintech News
The cryptocurrency market has always been a place for bold moves and unprecedented success stories. In recent years, two names have captured the spotlight: Dogecoin, a coin that started as a joke but rose to fame thanks to its passionate community, and Skyren DAO, a decentralized airdrop collection platform that has quickly gained momentum. As …
