In the past week, the cryptocurrency industry has seen several major events, from the fall of tokens to speculation about large partnerships, each of which has had a significant impact on the market environment. Here's a brief overview of the most important news this week.
Mantra collapse (OM) : from a billion-dollar market value to a liquidity crisis
The main token of the mantra Project (OM) lost more than 90% of its value this week. It follows accusations of covert trading and poor liquidity. The lost value is estimated at over 5.5 billion.

Anchin's analysis showed that the centralized activity of some wallets and the shallow depth of the market made the mantra token very vulnerable, while a trader with a massive sale started a chain of liquidations.
From excitement to doubt
The price of the Pi token increased by two digits this week, due to the announcement of cooperation with Chinlink. This collaboration was supposed to be a port for connecting the foot to the real world and the defiant space. But soon concerns about transparency in circulation, distribution of wallets and managerial focus caused a sharp drop in market sentiment. Comparisons were also made between the Pi and mantra projects, and some experts warned that the cryptocurrency industry needed tougher regulations.
Grayscale changes: review of 40 new tokens
Greaskill, one of the largest digital asset management companies, released a new list of cryptocurrencies surveyed for the second quarter of 2025. In this list, tokens from sectors such as modular blockchains, artificial intelligence, DePIN and presiding, including Jupiter, Celestia, SUI, STRK and manta tokens are seen. The move is part of greaskill's new strategy to focus beyond bitcoin and Ethereum. Although being on this list does not mean launching a fund, it speaks of the company's research focus on emerging trends.

Speculation about the partnership between Ripple (XRP) and SWIFT (SWIFT)
Rumors circulated about the collaboration between Ripple and Swift, which was based on the misrepresentation of a document. Several vague social media posts fueled speculation. But the beincrypto media's detailed report denied the rumors. Although Ripple has always been interacting with banks, and Swift is also interested in blockchain innovations, no official partnership has been registered between them. Despite the denial, this has sparked debate about Ripple's future and its place in the market.