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Economist Henrik Zeberg has warned that Bitcoin (BTC) is far from being a unique safe haven, instead describing it as a highly risk-prone asset that mirrors the performance of the Nasdaq. According to Zeberg, both markets are closely interconnected due to their ties to the technology sector, he said in an X post on August 9. Nasdaq and Bitcoin chart. Source: TradingView His Analysis , supported by historical price movements, shows Bitcoin and the Nasdaq rising and falling in near-perfect sync in recent years.  “BTC is not a “special asset”. It is a Risk Asset. In fact, a highly Risk-prone asset. <…> TechBubble2 is developing. BTC is part of that. <…> A crash in Nasdaq as the bubble bursts, will crater BTC,” he said.  This correlation, he noted, is no coincidence, as investor sentiment toward high-growth technology stocks also applies to Bitcoin. The cryptocurrency thrives in risk-on environments but struggles during...

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The OM token from MANTRA DAO crashed over 90% early Monday, wiping out $5.36 billion, with the latest on-chain data suggesting insider transactions may have contributed to the free fall. Specifically, just five hours before the crash, a wallet that had been dormant for over a year transferred 2 million OM, then worth $12.58 million, to another wallet potentially linked to venture capitalist Shane Shin, according to the latest on-chain data retrieved by Finbold from Lookonchain on April 14. OM transactions linked to Shane Shin. Source: Arkham It’s worth noting that Shin, a venture capitalist at Shorooq Partners, has previously promoted MANTRA. However, there is no evidence of wrongdoing on his part. From 300x rally to 90% crash in minutes $5.5B in market value vanished as $OM imploded. pic.twitter.com/eQbeDrKm4o — CoinMarketCap (@CoinMarketCap) April 14, 2025 At the same time, data from crypto intelligence platform Arkham revealed that 17 wallets offlo...