#PI #创作者成长激励计划 This week's Crypto Assets updates: Pi Network–Chainlink accusations, Mantra crisis, Grayscale second quarter election, DXY collapse, and more.

This week, there have been some significant events in the crypto assets sector that will continue to influence the development of the industry.
From major partnerships to investment decisions, and fraud allegations, here is a comprehensive summary of this week's Crypto Assets news.
Mantra Crash: From Billion Dollar Hype to Fragile Liquidity
This week, Mantra's powerful token in the crypto assets field lost 90% of its value amid allegations of insider trading and weak liquidity. Once regarded as a rising star in the RWA ( real asset ) narrative, the collapse of OM wiped out over $5.5 billion in value.
The report reveals a disturbing pattern where wallet activity is strong while liquidity pools are low, making OM highly susceptible to sudden spikes.
On-chain detectives identified a trader whose aggressive sell-off triggered a wave of liquidations, highlighting the risks of low-supply, high-expectation tokens in a market environment with poor liquidity.
Pi Network: From the Excitement of Chainlink to Concerns About Transparency
This week, Pi Network has seen strong optimism as its native Pi Coin surged by double digits. It attributes this growth to a significant integration announcement with LINK.
They view this strategic partnership as Gate's pathway to real-world applications. Specifically, it will bring Pi closer to a broader DeFi and smart contract ecosystem. However, this excitement did not last long.
Market sentiment has rapidly deteriorated, and analysts have begun comparing Pi Network to the recently collapsed OM token.
These accusations suggest that, like the OM token, the Pi coin lacks complete transparency in terms of circulating supply, wallet distribution, and central control. For some, these are potential warnings in an increasingly regulated industry.
‘The OM incident is a wake-up call for the entire crypto assets industry, demonstrating the urgent need for stricter regulation. This is also an important lesson for the Pi core team in transitioning from an open network to an open mainnet,’ wrote Dr. Altcoin.
Pi coin has reversed its gains in just a few days, dropping 18% from its weekly high. As of this writing, the trading price of PI is $0.6112, having slightly increased by 0.7% in the past 24 hours.
Grayscale's alternative coin exchange: 40 tokens are under review.
This week, the cryptocurrency world has rekindled institutional investors' interest in altcoins, with Grayscale leading the way.
The digital asset management company has released the asset review update list for the second quarter of 2025, (. This list does not include any altcoins in areas such as DePIN, artificial intelligence, modular blockchain, and re-staking. Notable tokens include SUI, STRK, TIA, JUP, and MANTA.
This update reflects Grayscale's growing theory on emerging crypto asset trends, especially as the company seeks to go beyond its Bitcoin and Ethereum products.
This announcement was made three weeks ago when Grayscale reshuffled its list of the top 20 alternative coins by market capitalization. Some old names were removed at that time, while new narratives such as DePIN based on Solana and Ethereum restaking were highlighted.
Expanding to 40 types of coins indicates that Grayscale recognizes the renewed demand for diversified assets from individuals and institutions. However, being listed does not guarantee the launch of a fund. This merely indicates that Grayscale is actively researching.
XRP Partners with SWIFT: Claim Details
This week, there are speculations about a possible collaboration between Ripple's XRP and banking giant SWIFT.
This story is based on a misunderstood document. A series of mysterious social media posts sparked speculation about the collaboration between the global payment network and the XRP ledger.
However, in-depth reports have debunked these rumors. Although Ripple has long targeted banking institutions, and SWIFT has shown an open attitude towards blockchain innovations, there is no confirmed cooperative relationship between the two.
SWIFT's public projects related to tokenization and digital asset settlement do not include XRP.
Despite the rumors being debunked, this has sparked a significant debate about XRP's long-term positioning. The token remains one of the top 10 assets and is popular among retail investors who are betting on its price growth based on usage.
As the legal battle between Ripple and the SEC approaches resolution, and with the emergence of international CBDC partnerships, the project remains relevant.
The dollar is in decline: What does the DXY crash mean for Bitcoin?
This week, the US dollar index )DXY( reached a three-year low, leading to increased volatility in the crypto assets market. Historically, a decline in DXY has been favorable for Bitcoin, and this week is no exception, with BTC breaking through the $84,000 range.
The weakness of the dollar reflects concerns about financial turmoil in the United States, as interest rate cuts are imminent and government debt is increasing.
But this is just the surface. The global M2 money supply is quietly rising, especially in Europe and Asia. This is restoring the liquidity conditions that previously drove the bull market.
Japan's 10-year bond yield has reached a multi-year high, forcing the Bank of Japan )BOJ( to intervene in a more precarious manner. As Japan's liquidity spills over, Crypto Assets and high-risk assets unexpectedly benefit.
This macro environment is ideal for Bitcoin. Weak fiat currencies, rising global liquidity, and a collapse of confidence in the bond market are creating a perfect storm.