Mantle USD Price & Performance (MNTUSD)

U.S. import prices rose 0.4% in February, matching January's revised increase, driven by higher consumer goods costs. This marks a 2.0% year-over-year rise, fueling inflation concerns. Notably, fuel prices increased 1.7%, while food prices remained unchanged. The data complicates the Federal Reserve's inflation management strategy as it assesses economic policy impacts.1

February saw $1.53 billion in crypto losses due to nine hacking incidents, a 20-fold rise month-over-month. The Bybit hack alone accounted for $1.46 billion, making it the largest on record. Other decentralized finance platforms also suffered losses, with BNB Chain and Ethereum emerging as the most targeted networks.2

Wheat prices surged due to dry conditions in U.S. Southern Plains and Black Sea regions. Russian wheat exports are forecasted to decline, while Brazil's soybean harvest progresses rapidly. Domestically, Australian grain prices showed mixed trends, with canola and wheat bids dropping slightly while barley remained steady amid strong demand.3