Daily Crypto NewsEDITION #1185, 16 April

Trump keeps playing

On this day, April 16, 1906, the telegraph cable between the US and China was completed.

We’d suggest they use that cable to restore relations, but we won’t interfere in someone else’s business. Besides, we honestly don’t even remember how to use a telegraph anymore.

Major news today:

- Trump is reportedly planning to launch a game similar to Monopoly GO.

And we’re praying this Trump move doesn’t affect GameFi the same way his hands have affected everything else they’ve touched in the market.

DON’T MESS WITH MIGUEL RARE’S FAVORITE NARRATIVE, TRUMPSTER!

- A few unknown wallets dumped nearly 5% of the $OM supply onto exchanges, causing massive FUD around Mantra and an 80% drop in $OM.

In response, Mantra announced a token buyback and burn plan, which led to a 70% price rebound.

- Movement Labs launched an internal investigation following numerous reports of misconduct by the market maker handling the $MOVE token.

Co-founder Rushi Manche has stepped away from the company indefinitely.

- China has started using private companies to sell off confiscated crypto.