Crypto investor sentiment took a considerable hit this week as Mantra's OM token collapsed over 90%, leading to comparisons with past black swan events, such as the Terra-Luna crash. Mantra's downfall was attributed to critical liquidity issues within the crypto market, particularly during weekends, which resulted in increased volatility. The token's price plummeted from approximately $6.30 to below $0.50, triggering allegations of market manipulation. In a separate report, Coinbase warned institutional investors that cryptocurrencies could remain in a bearish phase until a recovery in Q3 2025, citing a significant contraction in the altcoin market and a potential new 'crypto winter.' Meanwhile, Manta Network's co-founder revealed a targeted phishing attack during a Zoom meeting. Furthermore, the crypto lending market saw a 43% decline from 2021 highs, while decentralized finance (DeFi) borrowing surged over 900% from previous lows, indicating a shift in crypto financial behavior.

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