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Bitcoin (BTC) has gone silent over the weekend. CryptoQuant CEO Ki Young Ju said in a recent post on X (formerly Twitter) that Bitcoin’s velocity has declined to a 3-year low. He said this could either be considered positive as whales were holding on to their positions or negative because
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Mantle DAO community member proposed restricting FTX from converting $43 million in BitDAO tokens to MNT amid ongoing token migration. A community member within the Mantle decentralized autonomous organization (DAO) has initiated a discussion proposing to
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A community member started a discussion among participants in the Mantle decentralized autonomous organization (DAO), proposing to restrict the collapsed FTX exchange and Alameda Research from converting their BitDAO (BIT) tokens worth $43 million to Mantle (MNT) amid the ongoing token migration process. Community discussion on preventing FTX from converting its
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According to a blog post, exchanges Bybit, MEXC and Huobi are supporting the token migration. Per Etherscan, Bybit is the third largest holder of MNT, with more than 15% of the total supply. Moreover, sister companies Jump Capital and Jump Trading have together accumulated more than $5.3 million MNT tokens,
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