Market
Tether Freezes $28 Million USDT on Russian Exchange Garantex

Garantex, a Russian crypto exchange under US sanctions, accused Tether of attacking the Russian crypto market.
According to the exchange’s Telegram announcement, Tether has frozen several USDT wallets on the exchange, which are worth over $28 million.
USDT Holders in Russia are At Risk
Garantex stated that USDT stablecoins in user wallets are at risk. Several USDT funds held by users in the exchange have been frozen. To manage the situation, Garantex has temporarily halted all operations.
Co-founder Sergey Mendeleev stated that this action disrupts Russia’s international trade carried out with digital assets.
“We temporarily suspend the provision of all services, including cryptocurrency findings, for a while while we are solving this problem with the whole team. We fight and don’t give up!” Garantex wrote on Telegram.
Further, he warned that the freeze creates difficulties for businesses and financial institutions that depend on crypto to settle international payments.
Back in December, Russia’s Finance Minister confirmed that the country has been increasingly using Bitcoin and other cryptocurrencies for international trade amid sanctions.
“While we discussed easing tensions and relaxing sanctions, we were deceived once again. Suddenly, the paradigm shifted: earlier, sanctions were merely glossed over, but now they block without trial or investigation. This is exactly the reality I have warned about for at least two years, yet neither the Central Bank nor the professional community listened,” — wrote Mendeleev.
Mendeleev stressed that the disruption affects Russia’s economic engagements on a broader scale. Western sanctions have forced digital currencies to play a vital role in international settlements. The current incident further complicates those processes.
The exchange’s claim draws attention to mounting regulatory pressure and a growing conflict between US authorities and market players operating in Russian jurisdictions.
Garantex Sanction Explained
State Duma deputy Anton Gorelkin added his perspective on the incident. He pointed out that Tether’s decision reflects a broader trend of pressure applied by Western regulators on crypto infrastructure amid ongoing sanctions.
Gorelkin highlighted that centralized stablecoins like USDT remain particularly exposed to outside control. Despite the blockade, he expressed confidence that it is impossible to completely shut down the Russian crypto market.
Garantex first encountered regulatory challenges in April 2022. US authorities imposed sanctions following the intensification of the conflict between Russia and Ukraine.
Officials charged the exchange with failing to comply with anti-money laundering and counter-terrorism financing rules. US agencies claimed that Garantex played a role in laundering over $100 million linked to hacker groups and dark web transactions.
In March of last year, law enforcement agencies from the US and UK began an investigation into Garantex. They reviewed crypto transactions totaling more than $20 billion made using USDT.
This probe reflects the ongoing tensions between regulators and crypto operators in sanctioned environments.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Market
MANTRA Launches $108 Million RWA Fund As OM Price Surges

MANTRA is planning to launch a $108,888,888 Ecosystem Fund to drive RWA innovation over the next four years and help accelerate projects in MANTRA’s blockchain ecosystem.
MANTRA’s native token OM has shown significant resilience in the current market downturn. OM is currently the only altcoin among the top 30 tokens to have posted positive gains over the past 24 hours.
MANTRA’s RWA Ecosystem Fund
MANTRA, a Layer-1 blockchain for asset tokenization, is heavily invested in the RWA market. Since its mainnet launch in 2024, it has carried out major partnerships and planned to tokenize huge volumes of assets.
Today, it announced the launch of a $108,888,888 Ecosystem Fund to propel RWA innovation in its blockchain ecosystem.
“In an era where blockchain technology is revolutionizing finance, the MEF will serve as a catalyst for groundbreaking projects that drive real-world adoption through a focus upon the tokenization of real world assets. We are opening doors for visionary founders and teams to join us in building and creating a thriving ecosystem,” claimed John Patrick Mullin, founder and CEO.
Mullin delivered these comments in an exclusive press release shared with BeInCrypto. MANTRA plans to deploy this fund over the next four years, working with “a strong network of partners and investors” to maximize RWA growth.
The firm also claimed that its new license approvals in Dubai will allow it to facilitate advanced financial services.
MANTRA successfully obtained a Virtual Asset Service Provider (VASP) license, which will allow it to act as a crypto exchange and offer broker-dealer, management, and Investment Services. With these tools, the network can direct RWA investment.
Since the RWA Fund announcement, the OM token has actually performed quite well today. Given the wide-scale liquidations across the crypto market due to Trump’s tariff threats, OM has gained over 2% in the past 24 hours.
In fact, MANTRA’s native token is the only cryptocurrency among the top 30 to have any positive gains. It’s also among the top 5 highest gainers in the market today.

Overall, investors seem extremely confident in MATRA’s growth and the network’s continuous development. The project’s latest investment fund reflects its commitment to influencing positive developments in the RWA ecosystem.
Meanwhile, the find will likely encourage more RWA projects to launch or shift to the network, increasing MANTRA’s utility. According to DefiLlama, the network only has $4.2 million in total value locked (TVL).
With this fund, the project’s main goal will be to improve participation and long-term engagement on the blockchain.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Market
AAVE Buybacks & Key Events This Week

Several major developments across various ecosystems are expected this week, suggesting imminent volatility for tokens within the respective niches. From Aave buybacks to Trump’s reciprocal tariffs, some very interesting updates are in the pipeline.
Traders and investors can front-run the following developments and position their portfolios strategically ahead of the following events.
AAVE Buybacks
AAVE, the native token of the Aave lending protocol, will see buybacks commence on Wednesday, April 9. This follows approval from the Aave DAO.
This move involves allocating $4 million in aEthUSDT to repurchase AAVE tokens from the open market. The goal is to reduce circulating supply and potentially boost token value.
“Buybacks will reduce AAVE’s circulating supply, making tokens scarcer and more valuable. Activating fee mechanism will create a new revenue stream for protocol; increasing demand,” noted Langerius, founder of Hunters of Web3.
The repurchased tokens will be moved to the Ecosystem Reserve, signaling a long-term strategy to enhance scarcity and reward holders. This could see the AAVE token price surge, especially if demand remains steady or increases.
The buybacks follow a tokenomics update that activates a fee switch, introducing a new revenue stream for the protocol.
“New Aavenomics update. This is Fee Switch on steroids,” wrote Stani Kulechov, CEO and founder of Aave.
This dual approach, which reduces supply and generates revenue, could make AAVE a more attractive investment.

BeInCrypto data shows the AAVE token was trading for $123.62 as of this writing, down by over 16% in the last 24 hours.
Trump’s Reciprocal Tariffs
Another crypto headline to watch this week concerns President Trump’s reciprocal tariffs, which are expected to take effect on April 9. The president will introduce a tiered levy system (10%, 15%, 20%) targeting countries like China, Vietnam, and the EU. The UK faces the lowest band.
While these tariffs bolster US economic independence, they could ripple through crypto markets. In the recent past, tariffs spooked investors, driving sell-offs in risk assets, evidenced by Bitcoin’s volatility after past tariff announcements.
Traders should brace for short-term dips, particularly in Bitcoin and altcoins tied to global trade dynamics. However, Trump’s pro-crypto stance, including his strategic Bitcoin reserve, might mitigate some losses, as could a decision to delay the tariffs.
“As soon as he delays or cancels the “reciprocal” tariffs the market will bounce 10%+ immediately. That is want everyone is waiting and hoping for,” one user highlighted.
Such an outcome, however, is contingent on investors viewing digital assets as a hedge against tariff-induced inflation or currency devaluation.
$47 Million Aptos Unlocks
On April 12, the Aptos network will unlock 11.31 million APT tokens worth approximately $47.73 million and comprising 1.87% of the circulating supply. The tokens will be allocated to the community, core contributors, the foundation, and investors.

Token unlocks often lead to selling pressure as early investors or team members liquidate holdings. As such, the Saturday event could drive APT’s price down.
“Aptos is struggling with a strong downtrend and upcoming token unlocks, which could further dilute its value,” one user noted.
Neutron’s Mercury Upgrade
Neutron’s Mercury upgrade, its most significant to date, launches on April 9. The event promises enhanced functionality for this Cosmos-based blockchain. Such upgrades improve scalability, security, or interoperability—key for Neutron’s DeFi and cross-chain ambitions.
“Neutron’s upcoming Mercury upgrade will 11x network throughput,” the network shared.
It follows proposal #993, supported by Stakecito, and aims to transition Neutron from Cosmos Hub’s Interchain Security to full sovereignty via the Mercury upgrade. The move would enhance Neutron’s role as a smart contract platform while maintaining ties with Cosmos Hub.
A successful rollout could bolster Neutron’s position in the Cosmos ecosystem, attracting more projects and capital.
Disclaimer
In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
Market
Is $0.415 the Key to Further Gains?

Layer-1 (L1) coin KAVA has emerged as the day’s top performer with a modest 0.10% gain over the past 24 hours. The coin remains range-bound despite this lead, signaling a relative balance between buying and selling pressure.
Still, the sentiment around KAVA is quietly bullish. With technical and on-chain indicators pointing to a surging positive bias, the altcoin might be poised for a breakout above its narrow range.
Buyers Dominate as KAVA Teases Break Above Resistance
Since the beginning of April, KAVA’s price has oscillated within a range. The 98th largest crypto by market capitalization has faced resistance at $0.415 and has found support at $0.392.

With the gradual resurgence in bullish bias toward the altcoin, KAVA could see a break above the $0.415 resistance level in the near term.
Its positive Balance of Power (BoP) on the daily chart confirms this outlook. At press time, this momentum indicator is at 0.20.

The BoP indicator measures the strength of buyers versus sellers in the market, helping to identify momentum shifts. When its value is negative, sellers are dominating the market over buyers.
Converesly, a positive BoP like this suggests that buying activity outweighs selling pressure. This reflects KAVA’s growing demand and potential for its price to appreciate further.
Moreover, the coin’s positive funding rate highlights the bullish sentiment among KAVA’s futures traders. As of this writing, the metric stands at 0.0097%.

The funding rate is a periodic payment between traders in perpetual futures contracts to keep prices aligned with the spot market. KAVA’s positive funding rate means long positions are paying short. This trend indicates that more KAVA traders are betting on its price to increase.
KAVA Approaches Breakout—Can It Flip $0.41 Into Support?
KAVA’s strengthening buying pressure could trigger a break above the resistance at $0.415. If this price level is successfully flipped into a support floor, KAVA’s uptrend will gain momentum and could reach $0.44.

Conversely, if profit-taking spikes, the coin could slip below support at $0.392. In this scenario, KAVA’s price could fall further to $0.38.
Disclaimer
In line with the Trust Project guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.
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