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The vast majority of cryptocurrencies in the top 100 by market capitalization are in the red, with some of the worst performers down by over 20% in this period. Bitcoin (BTC) also suffered a blow but held up better than most digital assets. The OG cryptocurrency is currently up 0.7% for the week, despite briefly falling under $93,500. Bitcoin's market dominance again broke through the 60% threshold to 60.2%, just below its highest figure this year. This is due to the relative weakness of altcoins over the last seven days. The CMC Crypto Fear & Greed Index is now down at 37, indicating a disheartened and fearful market. For context, it was only lower than this for a brief period during the 2023 bear market. Despite weakness across the board in recent weeks, the RWA sector has proven particularly resilient. The last week was an extraordinarily volatile period for the RWA sector, with only around half of RWA tokens remaining positive. Overall, the RWA sector gained 3.7% this week to reach a $59.2 billion market capitalization (mcap). Though this figure seems promising at first glance, it’s important to note that this performance was largely due to the success of MANTRA (OM), which added more than $1.6 billion to its mcap over the last week after gaining 32.3%. The MANTRA (OM) token briefly hit an all-time high (ATH) of $7.95 this week, demonstrating remarkable strength while the vast majority of other cryptocurrencies struggled with major losses. More than 50% of RWA tokens were in the green over the last seven days. The best performers currently include: Zebec Network (ZBCN): gained 95.1% Opulous (OPUL): gained 43.7% Venus (XVS): gained 40.8% Plume (PLUME): gained 24.6% A small number of RWA tokens were hit particularly hard over the last week, losing upwards of 10% apiece. $BTC $OM

The DeFi platform MANTRA obtained a Virtual Asset Service Provider (VASP) license from Dubai’s dedicated regulator overseeing crypto operations. The approval now allows the entity to serve as a Virtual Asset Exchange and provide Broker-Dealer and Management and Investment Services. MANTRA’s Milestone According to a document shared with CryptoPotato, the VARA license reinforces MANTRA’s commitment to compliance, security, and innovation in the virtual asset space. It also reaffirms the entity’s global expansion and strengthens its presence in the Middle East. Commenting on the initiative was the platform’s CEO, John Patrick Mullin: “By establishing the most timely, comprehensive, and built from-the-ground-up framework for virtual assets and Web3, Dubai and VARA have become world leaders in crypto regulation. This license was a crucial step for MANTRA and a key step in our journey towards global expansion.” He also claimed that the UAE has become “a progressive global hub and thriving ecosystem for Web3 and virtual assets” due to its comprehensive regulatory framework. This license not only strengthens our presence regionally, it positions us internationally to deliver unique DeFi products that bridge the gap between decentralized finance and traditional finance. Our goal is to build a future-focused financial ecosystem that benefits institutional and qualified investors globally,” Mullin added. Meanwhile, MANTRA plans to launch various unique DeFi products designed to meet investors’ needs. Each offering is developed with strict adherence to domestic regulations and international policy frameworks, ensuring maximum protection for users. OM’s Price Rally Speaking of MANTRA, we should mention the solid performance of its native token, OM. Its price is up a whopping 3,000% on a yearly scale, recently hitting an all-time high of almost $7.90. OM Price, Source: CoinGecko Some market observers believe the asset may chart a further increase in the near future. The X user BullifyX, for instance, envisioned a rise above $8. On the other hand, Ali Martinez assumed OM could be headed for a pullback, citing the formation of a sell signal on the 3-day chart. The post MANTRA Secures a License From Dubai’s VARA to Operate as a Virtual Asset Exchange appeared first on CryptoPotato.

Whale transfers $22.83M in $OM to Binance A whale address starting with "0xe1" moved 2 million OM tokens ($22.83 million) to Binance at 23:27 UTC on Feb. 19, according to Wu Blockchain on X. The news outlet suggested that the whale would have generated a profit of over $22…

$TAO have a different character between others, example like $OM who was very strong against $BTC ,But $TAO is the most Volatile Crypto i've ever see, he can play range about $50 for a day, when he drop, he will get back soon and sometimes more higher, just like His great Grandpa $BTC at the early when born to this world. A Badboy but he always give a big profit for they who understand his character

MANTRA secures VASP license from Dubai’s VARA Real-world asset (RWA)-focused layer-1 blockchain MANTRA $OM has obtained a Virtual Asset Service Provider (VASP) license from Dubai’s Virtual Assets Regulatory Authority (VARA). According to CoinDesk, the license allows MANTRA to…