Coin overview
MOVE
Ended--
Last price (USDT)
2.87M
24h total (USDT)
4.37M
Total vol (USDT)
2024-12-05 07:00:00 ~ 2024-12-09 11:30:00
Trading time (UTC+0)
2024-12-09 13:00:00 ~ 2024-12-09 17:00:00
Delivery time (UTC+0)
Total supply10.00B
Resources
Introduction
Movement Network is an ecosystem of Modular Move-Based Blockchains that enables developers to build secure, performant, and interoperable blockchain applications, bridging the gap between Move and EVM ecosystems.
Bitcoin’s Low Implied Volatility Signals Potential Price Movement
Key Points: Bitcoin’s implied volatility remains low, indicating potential price action. Market participants are positioning for future movements. This low volatility may precede significant price changes. Bitcoin’s Implied Volatility Analysis Bitcoin’s implied volatility remains at historically low levels, suggesting potentially significant price swings in the near future, according to recent market data. Bitcoin’s current low volatility indicates potential for future price movements, sparking interest among market participants. Bitcoin’s implied volatility currently sits at 49%, suggesting anticipated price shifts of around 2.56%. Historically low levels in Bitcoin’s seven-day implied volatility, which dropped to 38%, have caught market attention. Ethereum shows higher expected fluctuations with a 3.45% movement forecast. Recent data indicates increased interest in Bitcoin options trading , signaling that market players are preparing for shifts while premiums remain low. Traditionally, low volatility can precede large market movements. Bitcoin’s trading near $96,500 reflects growth from earlier in 2025. Meanwhile, market confidence is reflected in a subdued volatility akin to safe-haven assets like gold. Traders remain keenly focused on Federal Reserve decisions. Long-term market reactions hinge on upcoming Federal Reserve announcements, which could impact Bitcoin’s price and implied volatility. Prolonged low volatility often signals larger shifts, notably when accompanied by increased options trading activity. “Bitcoin’s implied volatility remains subdued, indicating anticipated price movement of approximately 2.56% over a 24-hour period.” — Matthew Sigel, Head of Digital Asset Research, VanEck Historically, periods of compressed volatility often precede substantial market movements. Participants in the options market seem to anticipate upcoming changes, making this a critical monitoring period. Disclaimer: The content on The CCPress is provided for informational purposes only and should not be considered financial or investment advice. Cryptocurrency investments carry inherent risks. Please consult a qualified financial advisor before making any investment decisions.
Whale Transfers 793 Million Dogecoin Triggering Price Spike
What to Know: An anonymous whale moved 793 million Dogecoin, elevating prices. 12% spike in Dogecoin following massive transfer activity. Whale movements indicate potential future price volatility. Whale Transfers 793 Million Dogecoin Triggering Price Spike An anonymous whale transferred 793 million Dogecoin, valued over $153 million, between private wallets, leading to a 12% price increase. This substantial transfer underscores the impact of whale activities on cryptocurrency markets, drawing increased attention and speculation from traders. Whale Movement Sparks $153 Million Worth Transfer Anonymous whale movements have sparked widespread attention after a transfer of 793 million Dogecoin. This transaction occurred between anonymous wallets, bypassing exchanges, pointing to key individuals. The sizeable move has triggered market reactions due to its scale. In the absence of official comments from Dogecoin leadership or influential figures, observers speculate on the whale’s intentions. The involved parties remain unverified, fueling speculation about strategic market maneuvers influencing crypto price dynamics . Dogecoin Price Surges 12% on Whale Action The immediate 12% price surge showcases the significant impact of whale activities on crypto markets. This extensive move drew traders’ speculation and interest towards Dogecoin, suggesting increased market volatility and liquidity concentration shifts. Despite the transfer, trading volumes declined, indicating a cautious market stance. No broad financial or institutional reactions occurred, while the minimal impact extended to other digital assets, emphasizing Dogecoin’s isolated movement. Past Whale Patterns: A Precursor to Volatility? Similar historical patterns include whale activities preceding major Dogecoin price rallies, such as in 2021. During those episodes, massive wallet shifts often encouraged market surges, reflecting repeated market behavior. Current dynamics resemble past occurrences, suggesting potential continued volatility. Analysts remain vigilant, monitoring for longer-term implications, while cautioning traders against speculative actions without historical data-driven insights. As an anonymous source from a whale analyst stated, “Large holders have moved over 60.9 billion DOGE, according to IntoTheBlock data. It marks a seven-day high, indicating heightened activity among major investors.” – IntoTheBlock Disclaimer: The information on this website is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency markets are volatile, and investing involves risk. Always do your own research and consult a financial advisor.
Massive Bitcoin Transfer: $497M Departs Bitfinex in Shocking Whale Move
The cryptocurrency world is often abuzz with news of significant movements on the blockchain. When a substantial amount of digital assets changes hands, especially from a major exchange, it naturally captures the attention of traders, analysts, and enthusiasts alike. A recent event that sparked considerable interest was a notable Bitcoin transfer originating from the Bitfinex exchange. Understanding the Massive Bitcoin Transfer According to data shared by the popular blockchain tracking service, Whale Alert , a staggering 4,812 Bitcoins were moved from the Bitfinex platform. At the time of the report, this colossal sum was valued at approximately $497 million. The destination of this significant cache of BTC was identified simply as an ‘unknown wallet’. Such large-scale movements are often referred to as ‘whale’ transactions because they involve amounts substantial enough to potentially influence market dynamics or signal significant strategic shifts by large holders. Tracking these movements is a key activity for many in the crypto space seeking to gain insight into potential market trends or the behavior of major players. Why Track Whale Alert? Services like Whale Alert play a crucial role in enhancing transparency within the often-opaque world of cryptocurrency transactions. While the blockchain itself is a public ledger, identifying the entities behind specific wallet addresses can be challenging. Whale Alert monitors vast amounts of transaction data across various blockchains, flagging unusually large transfers and, where possible, identifying the source or destination (e.g., known exchanges, specified wallets). For the average market participant, following Whale Alert provides a real-time feed of significant capital movements. While a single transaction doesn’t dictate market direction, a pattern of large inflows to exchanges might suggest potential selling pressure, while large outflows could indicate accumulation or movement to cold storage. The Bitfinex Connection: A Major Exchange’s Role The origin of this large Bitcoin transfer being Bitfinex is noteworthy. Bitfinex is one of the oldest and largest cryptocurrency exchanges globally. Exchanges serve as central hubs where millions of users buy, sell, and store digital assets. Large transfers originating from an exchange can signify several possibilities: A large client withdrawing funds to personal storage (cold wallet). The exchange itself moving funds for internal management purposes (e.g., consolidating hot wallets, moving to cold storage). An over-the-counter (OTC) trade settlement, where a large block of Bitcoin is purchased and immediately moved off the exchange. Without further information about the destination wallet or the parties involved, pinpointing the exact reason behind a transfer from a major exchange like Bitfinex remains speculative. Interpreting a Large Bitcoin Transfer What does a transaction of this magnitude, nearly half a billion dollars worth of Bitcoin, actually mean? Interpreting a large Bitcoin transfer requires considering various factors. Is it an inflow to an exchange or an outflow? Is it between known entities or to/from an unknown wallet? In this specific case, the outflow from a known exchange (Bitfinex) to an unknown wallet is the key characteristic. Potential interpretations include: Institutional Movement: Large firms or funds often move significant capital for strategic reasons, such as rebalancing portfolios or securing assets long-term. Cold Storage: The owner might be moving assets from the exchange’s hot wallet to a more secure cold storage solution for enhanced safety. OTC Deal: A large private purchase might have been executed off the main exchange order book, with the seller transferring the BTC from their exchange account directly to the buyer’s wallet. Exchange Management: Bitfinex could be relocating funds as part of its internal wallet management and security protocols. The term ‘unknown wallet’ simply means the address hasn’t been publicly linked to a specific individual, institution, or service. This maintains a degree of privacy for the recipient. What Does This Crypto Whale Activity Mean for You? Tracking crypto whale activity can offer valuable, albeit indirect, insights into market sentiment and potential future movements. While you shouldn’t base investment decisions solely on a single transaction, observing patterns of large transfers can be part of a broader market analysis strategy. Benefits of Tracking Whale Activity: Market Transparency: Provides a glimpse into where large amounts of capital are moving. Potential Signals: Large movements off exchanges can sometimes signal long-term holding intentions; large movements onto exchanges might precede selling. Awareness: Keeps you informed about significant events happening on the blockchain. Challenges and Risks: Anonymity: ‘Unknown wallets’ make it hard to know the true intent behind the transfer. Misinterpretation: A single transaction can be misinterpreted; it’s crucial to look for patterns. Not Predictive: Whale movements are not guaranteed predictors of price changes. Actionable Insights: Use Whale Alert and similar services as one tool among many for market observation. Focus on patterns of large transfers rather than reacting to individual ones. Understand that large outflows from exchanges to unknown wallets often suggest a move towards holding rather than immediate selling, though this isn’t always the case. Prioritize your own research and strategy over simply following whale movements. Conclusion: The Enigma of the Unknown Wallet The transfer of 4,812 BTC from Bitfinex to an unknown wallet, valued at nearly half a billion dollars, is a significant event that highlights the constant movement of capital within the Bitcoin ecosystem. While the exact reason for this particular Bitcoin transfer remains unknown, it underscores the activity of large holders, often referred to as whales, and the transparency provided by blockchain tracking services like Whale Alert. Such a large Bitcoin transfer from a major exchange like Bitfinex to an anonymous destination is a common occurrence, often related to security, strategic holding, or large private transactions. For those interested in the crypto market, keeping an eye on this kind of crypto whale activity, while not a crystal ball, can add valuable context to broader market analysis. To learn more about the latest Bitcoin trends, explore our article on key developments shaping Bitcoin price action. Disclaimer: The information provided is not trading advice, Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
Top 3 Made In USA Coins For The Third Week of May
Made in USA coins have recently gained renewed attention, with Worldcoin (WLD), Pi (PI), and Movement (MOVE) at the forefront. WLD leads with a 14.5% surge in the last 24 hours, rebounding from global regulatory setbacks. PI is up 30% in two days, riding on ecosystem hype and Binance listing rumors despite looming token unlocks. Meanwhile, MOVE struggles to regain investor trust following internal scandals but has bounced 10.4% after sharp declines. Worldcoin (WLD) WLD is up 14.5% in the last 24 hours, showing renewed strength after a turbulent week marked by legal setbacks and regulatory scrutiny. Despite being hit with court rulings in Kenya—where a judge ordered Worldcoin to delete all biometric data collected from users—and a suspension in Indonesia over data violations, the token has rebounded sharply after BTC reclaimed $100,000. The Kenyan ruling deemed Worldcoin’s data collection practices unconstitutional, citing privacy violations and failure to meet legal consent standards. Meanwhile, authorities suspended operations in Indonesia due to unregistered activities and misuse of legal certifications, adding further pressure on the project. WLD Price Analysis. Source: TradingView. Still, Worldcoin (WLD) continues to push forward with its expansion plans. It recently launched in six major U.S. cities, partnered with Visa for a crypto payment card, and integrated USDC via Circle to support fast cross-chain transfers. Speculation about a possible integration with an upcoming OpenAI social media platform, combined with its recent listing on Coinbase, has further fueled investor interest. On the technical front, WLD’s EMA lines have turned bullish. If momentum holds, the token could test resistance at $1.18 and potentially rise toward $1.259 or even break above $1.30 for the first time since February 4. However, if the rally loses strength, WLD could fall back to $1.06 or even $1.00 if selling pressure increases. Pi Network (PI) Pi Network is attempting a strong rebound after a brutal correction that saw the token drop 67% between March 12 and May 7. Over the past two days alone, PI has jumped 30%, sparking optimism among investors. This renewed momentum coincides with a surge in Pi Network’s visibility—ranking 6th among Finland’s most downloaded social apps—and an anticipated ecosystem announcement scheduled for May 14. Speculation is also mounting over a potential Binance listing, fueled by suspicious wallet activity on Stellar and signs of infrastructure readiness for major exchange integration. PI Price Analysis. Source: TradingView. Still, headwinds remain. Over 668 million PI tokens are set to unlock between May and July, threatening to overwhelm current market liquidity, which has dropped sharply—daily volume plunged from $1.3 billion to just $45 million in the last months. Despite this, Pi’s EMA lines suggest a golden cross could soon form. If bullish momentum continues, PI could test resistance at $0.79, with potential upside to $1.23 and even $1.79. However, if sentiment turns, the token may fall back to $0.636 or even $0.55. All eyes now turn to the May 14 announcement and whether it can sustain this fragile rally. Movement (MOVE) MOVE is one of the few major Made in USA coins still down on the week, dropping 9.8% despite rebounding 10.4% in the last 24 hours. The broader downtrend follows a series of controversies that have rattled investor confidence. The sell-off began after Binance banned a market maker for dumping 66 million MOVE tokens, triggering a sharp price drop. Soon after, Movement Labs suspended—and later terminated—co-founder Rushi Manche, rebranding as Move Industries and launching a third-party investigation into token manipulation and governance failures. MOVE Price Analysis. Source: TradingView. As the dust settles, the project is trying to rebuild trust under new leadership. If sentiment improves and confidence is restored, MOVE could climb to test resistance at $0.209, with potential upside to $0.254 if momentum holds. However, if doubts persist or more damaging revelations emerge, MOVE could fall below $0.149 and even slip under $0.14 for the first time, making it one of the most interesting Made in USA coins for May’s third week.
Sweat Wallet launches AI assistant Mia and expands to four blockchains
Sweat, a move-to-earn platform that rewards users for physical activity, has introduced an AI-powered assistant named Mia and expanded its wallet to support multichain decentralised finance (DeFi). Mia, short for Movement in Action, is integrated into the Sweat wallet and powered by Near.AI, an open-source AI platform with crosschain capabilities. The AI agent guides users through managing their crypto rewards, including bridging, swapping, and staking tokens, without requiring advanced crypto knowledge. The wallet now supports Base, Ethereum (CRYPTO:ETH), Arbitrum (CRYPTO:ARB), and BNB Chain networks. Users can bridge assets and swap native tokens across these blockchains within the app, with the option to pay gas fees using Sweat’s native token, SWEAT. “We’ve shifted to championing the Movement Economy - an expansive, multichain ecosystem where movement is not only rewarded but also unlocks access to financial tools, health experiences and self-sovereign identity,” Sweat co-founder Oleg Fomenko said. The move-to-earn model rewards users for physical activity, typically granting tokens for every 7,600 steps taken. These tokens can be exchanged for products, donated, or converted into other currencies. With over 20 million users and 19 million token holders, Sweat aims to make DeFi more accessible by simplifying onboarding and asset management through Mia’s personalised, chat-based interface. Mia also offers tailored recommendations, reminders, and explanations of wallet features based on user behavior. Fomenko emphasised privacy and security, noting that Sweat employs GDPR-compliant data handling, anonymisation protocols, and external audits. “Mia operates transparently, providing clear, explainable prompts where users remain in control - they can accept, reject, or override suggestions at any time,” he added.
Abraxas Capital withdraws $92 million in Ethereum from exchanges, signals long-term strategy
Movement signals institutional hold strategy in Ethereum. Transfer to private wallet indicates long-term accumulation. Institutions increase exposure to cryptocurrencies amid instability. London-based asset manager Abraxas Capital moved 49.644 Ethereum (ETH), worth approximately $92 million, in a withdrawal on May 8, 2025. The funds were transferred from Binance and Kraken exchanges directly to its own wallet, outside of trading platforms. This type of movement usually indicates a holding strategy, signaling that the company is accumulating the cryptocurrency with a long-term focus. Withdrawing ETH to a private wallet reduces the asset's availability on the market and can be interpreted as a position of institutional confidence in Ethereum's future performance. Institutions are accumulating $ ETH . Abraxas Capital has withdrawn 49,644 $ ETH ($92M) from #Binance and #Kraken today. https://t.co/vZTxLPcuJS pic.twitter.com/HcK8zyBocP — Lookonchain (@lookonchain) May 8, 2025 On the date of the transaction, ETH was priced at around US$1.853. The transaction reinforces the perception that large investors are increasingly aware of opportunities in the cryptocurrency market, even in the face of instability in traditional markets. The move coincides with a period of decline in major stock indices, such as the S&P 500, which may have encouraged the search for alternative assets. This massive transfer of ETH was also reflected in the charts, with an 18% increase in the trading volume of the ETH/USDT pair throughout the afternoon, in addition to an RSI rising to 58, indicating growing buying pressure. Abraxas Capital's stance may influence other institutions to follow the same path, reinforcing Ethereum's role as a strategic asset and consolidating its presence in the most robust institutional portfolios. Disclaimer: The views and opinions expressed by the author, or anyone mentioned in this article, are for informational purposes only and do not constitute financial, investment or other advice. Investing or trading cryptocurrencies carries a risk of financial loss.
Movement Labs Removes Co-Founder Amid Market Scandal
What to Know: Rushi Manche removed from Movement Labs due to market-making allegations. Market-maker sold 66 million MOVE tokens impacting prices. Coinbase and Binance took action against related activities. Movement Labs Removes Co-Founder Amid Market Scandal Movement Labs Terminates Co-Founder Over Token Manipulation Movement Labs terminated co-founder Rushi Manche amid a market-making scandal involving MOVE token manipulation. Manche was initially suspended on May 2, 2025, as a third-party review by Groom Lake was underway. His termination led to a broader leadership restructuring within the company. The review focuses on Manche’s arrangement with Rentech, involving market maker Web3Port. Movement Labs confirmed the suspension , stating, “This decision was made in light of ongoing events and as the third-party review is still being conducted by Groom Lake regarding organizational governance and recent incidents involving a market maker.” 66 Million MOVE Tokens Sold in Scandal The scandal resulted in a 66 million MOVE token sell-off by Web3Port, creating $38 million USDT price pressure. Binance expelled the market maker after profits of the same amount. Coinbase suspended the MOVE token due to the related controversy , affecting investor confidence. 78% of New Tokens Experience Instability Movement Labs’ situation is comparable to previous instances of token dumps causing instability. Reports indicate up to 78% of new token listings since April 2024 have experienced similar challenges. Industry analysts suggest increased oversight on market makers could help prevent such occurrences in the future. Disclaimer: The information on this website is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency markets are volatile, and investing involves risk. Always do your own research and consult a financial advisor.
Is 50x XRP Price Rally Possible Amid Whale Purchase and SEC Settlement?
Key Notes Whale accumulation of over 880 million XRP in the past month highlights heightened investor interest, setting the stage for a potential rally. If history repeats, XRP could rise above the 2.618 Fibonacci level, potentially exceeding $123. The SEC and Ripple Labs are moving toward resolving their long-standing legal battle, with the SEC requesting to lift an injunction. Following the US Securities and Exchange Commission ( SEC ) filing a settlement agreement, XRP XRP $2.22 24h volatility: 0.8% Market cap: $129.99 B Vol. 24h: $2.17 B price has surged 10%, moving all the way to $2.4, with daily trading volumes surging 23% to more than $5.5 billion. Market analysts point out heavy whale accumulation for the XRP cryptocurrency, which could set the stage for a further rally. Xrp price could be preparing for a 50x rally Prominent crypto analyst Ali Martinez has revealed that whales have significantly increased their holdings of XRP. Over the past month, large-scale investors have accumulated more than 880 million XRP, underscoring heightened interest. This surge in whale activity aligns with broader bullish sentiment in the cryptocurrency market. Whales have accumulated over 880 million $XRP in the past month! pic.twitter.com/SQWf2U1yZB — Ali (@ali_charts) May 8, 2025 Crypto analyst Javon Marks has drawn comparisons between XRP’s 2017 price breakout and its current market structure. In 2017, XRP exited a pennant pattern and surged past the 2.618 Fibonacci level, reaching approximately $2.13. Marks further noted that in late 2024, XRP broke out of a similar but significantly larger pennant pattern. Thus, he added that if XRP follows its historical trajectory and reaches the 2.618 Fibonacci level again, it could result in a price exceeding $123. Such a move would represent a more than 50x increase from current levels, highlighting the immense potential some analysts see for XRP in the coming months. In 2017, $XRP BROKE OUT of a pennant pattern then proceeded to push to and above its 2.618 Fib Level which at the time was near $2.1331. In late 2024, XRP broke out of an extremely similar, yet larger pennant pattern. A MOVE TO THE 2.618 Fib AGAIN CAN RESULT IN A >$123 XRP ⚡️!… pic.twitter.com/PJliy6p8vt — JAVON⚡️MARKS (@JavonTM1) May 8, 2025 Key developments in the ripple lawsuit The SEC and Ripple Labs have taken a significant step toward resolving their protracted legal dispute. In a recent court filing, the SEC requested an indicative ruling from Judge Analisa Torres as part of its settlement agreement with Ripple. The SEC’s filing seeks to dissolve the injunction issued against Ripple in the final judgment of the XRP lawsuit. Additionally, the agency has requested the release of the $125 million penalty imposed on Ripple, which is currently held in escrow. Related article: Analysts Bullish on XRP, Price to Surpass $2.7 Soon? This development marks a pivotal moment in the high-profile case as both parties work toward bringing the litigation to a close. Furthermore, this closing of the lawsuit will also give more fuel to the XRP ETF approval by the SEC by the end of the year. next Disclaimer: Coinspeaker is committed to providing unbiased and transparent reporting. This article aims to deliver accurate and timely information but should not be taken as financial or investment advice. Since market conditions can change rapidly, we encourage you to verify information on your own and consult with a professional before making any decisions based on this content.
Movement Labs rebrands amid MOVE token crash and Binance delisting fears
Movement Labs has officially rebranded as Move Industries following the removal of its co-founder Rushi Manche , as the company reels from a steep crash in the value of its MOVE token and increasing scrutiny from Binance. The leadership shake-up and rebrand aim to restore investor confidence amid mounting concerns over governance and token stability. The announcement came on May 7, with the firm confirming it had terminated Manche’s involvement. “Movement Labs has terminated Rushi Manche. Movement will continue under different leadership,” the company said in a statement. It also promised further updates on its revamped governance structure and leadership team. The dramatic decision follows an internal investigation into alleged market manipulation involving a substantial December 2024 token dump that triggered a massive sell-off in MOVE. In response, the company engaged blockchain intelligence firm Groom Lake to investigate the matter and severed ties with its market maker. Additionally, a $38 million token buyback initiative was launched in an attempt to stabilize the token and reassure investors. While Manche has denied any wrongdoing, he previously attributed the project’s challenges to poor strategic advice from external partners. He has yet to respond publicly to his dismissal. Leadership transition and rebranding strategy As part of its restructuring, the company has rebranded itself as Move Industries. Founding team member Torab Torabi has stepped in as the new CEO , while Will Gaines, formerly head of marketing, now serves as president. The new leadership has signaled a shift in direction—focusing on transparency, community involvement, and meaningful technological progress. In a statement, the team emphasized their intent to return to “crypto’s radical roots” by delivering utility-focused innovation rather than market-driven hype. MOVE token tumbles and faces Binance scrutiny The ongoing controversy has taken a serious toll on the MOVE token. Over the past 24 hours , the token dropped nearly 10% to about $0.16, extending a weekly loss of 35%. Since hitting its all-time high of $1.21 in December 2024, MOVE has lost roughly 87% of its value. Amid the heightened volatility, Binance has slapped a “Monitoring Tag” on the token—signaling potential non-compliance with the exchange’s listing standards and raising the risk of delisting. According to Binance, tokens under this label are subject to enhanced surveillance and may be removed from the platform if they fail to meet ongoing requirements.
Movement Labs terminates co-founder after $38M token price drop
Movement Labs announced the termination of co-founder Rushi Manche following controversy over a market maker deal linked to significant price declines in its MOVE (CRYPTO:MOVE) token. The announcement came on May 7 via Movement Labs’ official X account, stating that Manche had been terminated and that the project would continue under new leadership with upcoming governance changes. Earlier in the month, Movement Labs had suspended Manche amid ongoing concerns related to a market maker agreement he brokered with Rentech and Web3Port. This deal resulted in Web3Port selling 66 million MOVE tokens, approximately 5% of the total supply, which caused an estimated $38 million drop in token value in December 2024. Coinbase recently suspended the MOVE token, citing failure to meet its listing standards, adding to the project’s challenges. In response, Movement Labs launched a new entity called Move Industries, appointing former Movement Labs employees Torab Torabi as CEO and Will Gaines as chief marketing officer. The firm emphasized plans for improved governance, including town halls for transparency and enhanced vetting procedures. A third-party review of the market maker deal is underway, conducted by private intelligence firm Groom Lake. “I will soon do what he did to a large swath of scammers in this industry. I will break them,” stated Groom Lake’s founder, known as FDR, while referencing Byzantine Emperor Basil II and declining to share details without consent. Market makers play a critical role in token liquidity but have been linked to controversies involving market manipulation. Recent reports highlight cases of wash trading and pump-and-dump schemes involving market makers such as Wintermute, Jump Crypto, and DWF Labs. Regulators have increased scrutiny, with a Massachusetts court fining CLS Global last month for fraudulent trading volume manipulation.
Movement Labs Terminates Co-Founder Amid Leadership Overhaul
Key Points: Main event involves leadership changes amid market issues. MOVE token drops over 10% in 24 hours. Community demands transparency from Movement Labs. Movement Labs Leadership Changes: Impact on MOVE Token and Market Dynamics Movement Labs has terminated co-founder Rushi Manche and rebranded as Move Industries, effective immediately. The termination impacts Move Industries’ leadership dynamics, prompting investor scrutiny amid a token price drop. Leadership Changes and Rebrand The announcement of Rushi Manche’s termination from Movement Labs followed an initial suspension. The leadership restructuring aims to reset the project’s direction, now under the brand Move Industries, indicating significant organizational changes . Beyond ending Manche’s role, Movement Labs is reshaping its governance. The organization’s public statement suggests impending leadership adjustments and a revamp in organizational structure. Market Reactions The MOVE token experienced a 10% value decline shortly after Manche’s termination. This change indicates immediate market reactions to the leadership shuffle, affecting investor sentiment. Movement Labs discusses innovative approaches . Financially, the incident involving a market maker and Movement Labs highlights the need for stringent oversight of token activities. The ICE investigation focuses on organizational practices impacting token valuation. Market Volatility and Future Implications Market volatility following Movement Labs’ leadership decision illustrates potential risks investors face in cryptocurrency ventures. Market sensitivities around leadership integrity remain pivotal. Future regulatory oversight may tighten as similar cases emerge, reflecting historical trends of enforcing market transparency. Investors and industry participants are closely watching the unfolding developments for potential market corrections. Movement Labs, Official Announcement, “Movement Labs has terminated Rushi Manche. The movement will continue under different leadership. Details on leadership changes and a revamped governance structure will be coming soon.”
Movement Labs Rebrands Amidst MOVE Token Price Drop
Key Points: Leadership overhaul and MOVE token decline hit Movement Labs hard. MOVE experiences 34% price drop. Possible delisting from major exchange announced. Movement Labs Rebrands Amidst MOVE Token Price Drop The dramatic fall in MOVE token’s value follows a governance scandal, signaling serious implications for the project and exchanges. Movement Labs has rebranded as Move Industries after firing co-founder Rushi Manche due to undisclosed deals. New leadership under Torab and Vibe Sommalier promises governance improvements . The MOVE token dropped 34% in value after these events. Coinbase has announced a suspension of MOVE trading effective May 15, 2025, stirring liquidity and sentiment concerns. The industry faces potential adjustments as trust in Move Industries remains uncertain. Past token collapses illustrate similar industry turbulences and recovery challenges. “Movement Labs has terminated Rushi Manche. Movement will continue under different leadership. Details on leadership changes and a revamped governance structure will be coming soon.” The market is experiencing financial ripples due to the MOVE scandal. Market distrust results in pulled investments and suspended trades, pressuring Move Industries’ recovery. Regulatory attention remains vigilant on governance issues within blockchain platforms, monitoring the recovery attempts. Future developments depend on effective governance changes and market stabilization efforts. Historical trends show prolonged recovery durations in similar cases. Move Industries’ focus on transparency and technical upgrades serves as a potential growth indicator despite immediate challenges.
Movement Labs Cuts Ties with Co-Founder After Token Deal
Key Points: Main event, leadership changes, market impact, financial shifts, or expert insights. Move Industries faces market scrutiny over leadership change. MOVE token sees over 10% value drop. Move Industries Rebranding and Leadership Transition Movement Labs has officially terminated co-founder Rushi Manche and will continue operations under the rebranded name Move Industries, following allegations of misconduct related to the MOVE token’s market maker deals. The termination of Rushi Manche has resulted in a rebranding for Movement Labs , now Move Industries, amid significant selling pressure on their MOVE token. The leadership reshuffle aims to stabilize the company’s reputation and reassure stakeholders. Leadership Changes at Move Industries Movement Labs has embarked on a new chapter under the leadership of Torab Torabi as CEO, succeeded by Will Gaines in the role of Chief Marketing Officer. This transition follows allegations involving market maker misconduct in connection with the MOVE token . “In light of recent news, we needed a clean break. Movement started with the community and our builders,” commented Torab Torabi. The immediate consequence of these changes has been the drop in MOVE’s value by over 10%, underscoring the market’s uncertain sentiment. As a reflection of this, Coinbase also suspended the MOVE token due to unmet listing standards, contributing to its volatility. The financial implications are substantial, involving a deal negotiated by Rushi Manche with Web3Port, where 66 million MOVE tokens were sold, equating to 5% of the supply and intensifying market pressures. Market anxieties persist as Move Industries promises governance improvements to build investor confidence through regular town halls and enhanced verification processes. The evolving dynamics in Move Industries may lead to further regulatory scrutiny if transparency issues are not adequately addressed. The changes at Move Industries present a crucial moment for stakeholders, marking a pivotal transformation in leadership intended to navigate through the complexities of token-related markets. Transparency and strategic direction remain critical as new management establishes its footing.
World Liberty Financial Moves $4.54M in Crypto Reserves
Key Points: World Liberty Financial diversifies crypto holdings. Assets worth $4.54 million transferred. Potential impact on associated crypto markets. World Liberty Financial Moves $4.54M in Crypto Reserves World Liberty Financial, under Eric Trump’s leadership, transferred $4.54 million in crypto assets, including 103,911 AVAX, to Falcon Finance on May 25, 2025. The transfer highlights WLFI’s strategic asset management efforts, potentially influencing liquidity and volatility in associated crypto pools. World Liberty Financial, with Eric Trump at the helm, has shifted $4.54 million in crypto holdings , including 103,911 AVAX, to Falcon Finance. This move aligns with an ongoing diversification and liquidity management strategy. WLFI’s approach aims to bolster its market position through strategic asset reallocation. The transfer consists of multiple cryptocurrencies, including 5.98M SEI and 7.58M MOVE, which were reportedly moved to a Ceffu wallet. Eric Trump’s involvement showcases the platform’s business connections and market ambitions. WLFI’s strategy reflects a broader trend of proactive asset management to sustain liquidity and market presence. World Liberty Financial’s transaction may influence liquidity and volatility in the associated cryptocurrency markets, potentially impacting the total value locked in the short term. On-chain data will likely reveal further effects on asset flow and volatility across trading pools. As strategic moves continue, World Liberty Financial’s asset allocation emphasizes diversification, potentially stabilizing WLFI’s portfolio. “This will allow World Liberty Financial to validate the technical functionality of its airdrop system in a live environment while thanking early supporters of the project,” said Eric Trump, President of World Liberty Financial, highlighting their commitment to sustaining growth. The company’s actions suggest a focus on institutional-grade compliance and broader market integration. With Eric Trump’s leadership, the ongoing strategic asset management reflects WLFI’s aim for sustained growth. Regulatory developments remain crucial, with WLFI positioning for strong market adoption. Such strategic moves not only underscore financial prudence but may also lead to new growth avenues in the crypto sector. Source
Meta explores stablecoins to reduce payment costs years after selling off failed Diem project: report
Tech giant Meta is considering stablecoin integration years after suspending its previous crypto project, Diem, Fortune reported, citing five people familiar with the matter. Meta reportedly plans to use stablecoins to reduce the costs of payments compared to fiat currency, such as when paying Instagram creators. The firm doesn't appear to have a specific stablecoin in mind at the moment. Notably, Meta hired former Ripple executive Ginger Baker as vice president of product, and has allegedly contacted crypto infrastructure firms to look into lowering the fees associated with cross-regional payments. Ripple is launching its own native stablecoin and has offered to purchase the second-largest stablecoin issuer, Circle. Meta's rekindled interest in integrating stablecoins comes as U.S. regulators adopt a friendlier approach toward cryptocurrency following President Trump's inauguration. Big tech firms, banks, and stablecoin providers are all jockeying on how to shape United States stablecoin regulation. The Block reached out to Meta for comment. Meta's past stablecoin plans In 2019, Meta, at the time known as Facebook, launched a stablecoin division called Libra that would support a dollar-pegged digital asset backed by a basket of fiat currencies. The firm planned to launch a stablecoin in January 2021, before plans fell through following a regulatory clampdown. Libra later rebranded to Diem in December 2020 in an attempt to rid itself of its largely negative reputation. The Diem division ultimately shut down, and its intellectual property was sold off to Silvergate Bank , which later went into bankruptcy. However, the project lives on in newer blockchains like Aptos, Movement, and Sei, which are all built using Diem's bespoke MOVE programming language without Meta's involvement. Meta has not lost all interest in crypto throughout the years. The firm submitted trademark applications in 2022 and 2023 for digital asset-related projects, such as crypto trading, blockchain-focused hardware, and digital asset exchange services — and subsequently drew concern from lawmakers, including California Democrat Maxine Waters, The Block previously reported. The total stablecoin supply sits at $232.14 billion as of May 8, largely comprised of Tether's USDT and Circle's USDC, The Block's Data Dashboard shows.
Movement Announces the Establishment of New Entity Move Industries
According to a retweet by the Movement Network Foundation, Movement has established a new entity, Move Industries. The early employees of this entity include the two founders of Move Industries, CEO Torab, and President and Chief Marketing Officer @livingwithwill. Move Industries stated that the establishment of the new entity is mainly due to recent news events, thus deciding on a complete farewell. Move Industries will improve governance, including introducing a new leadership team, enhancing transparency, and implementing stricter review and verification.
Trump Crypto: World Liberty Financial Moves $4.5M in Stunning Transfer
In a move that has captured the attention of the cryptocurrency world, Donald Trump’s associated entity, World Liberty Financial, recently executed a significant transfer of digital assets. This development underscores the growing intersection between prominent political figures and the evolving landscape of crypto finance. What Trump Crypto Assets Were Involved? According to on-chain analysis by Spot On Chain, World Liberty Financial moved approximately $4.51 million worth of various crypto tokens. The transfer, completed within a 45-minute window, involved three distinct cryptocurrencies: AVAX: 103,911 tokens, valued at approximately $2.06 million at the time of transfer. MOVE: 7.58 million tokens, valued at roughly $1.27 million. SEI: 5.98 million tokens, valued at about $1.18 million. This diverse portfolio move highlights activity beyond just the major cryptocurrencies like Bitcoin or Ethereum, indicating engagement with a broader range of altcoins. Where Did World Liberty Financial Send the Funds? The transferred assets were sent to a new wallet address. While the exact ultimate destination is not definitively confirmed, analysis suggests the funds are likely heading towards Ceffu. Ceffu is an institutional-grade custody solution affiliated with Binance, one of the world’s largest cryptocurrency exchanges. Moving funds to an institutional custodian like Ceffu often signals a strategic decision related to security, management, or preparing for potential future transactions or services that require secure, compliant storage. Understanding the AVAX, MOVE, and SEI PnL On-chain data also provides insight into the unrealized Profit and Loss (PnL) associated with these specific holdings prior to the transfer. The results were mixed, illustrating the volatile nature of crypto investments: Unrealized PnL Breakdown: Asset Unrealized PnL AVAX +$69,900 MOVE -$2.45 million SEI +$196,000 While the AVAX and SEI holdings showed modest unrealized gains, the MOVE position represented a significant unrealized loss. It’s important to note that these figures represent unrealized PnL at the time of the transfer; the actual profit or loss would only be realized if the assets were sold. Why Does This Crypto Transfer Matter? This transaction is noteworthy for several reasons: Political Figure Involvement: It provides further evidence of direct or indirect involvement of entities linked to prominent political figures like Donald Trump in the cryptocurrency space. Institutional Adoption Signal: The potential move to Ceffu suggests a preference for institutional-level security and custody solutions, which is often seen as a step towards more mature and secure management of digital assets. Portfolio Insight: The specific tokens moved (AVAX, MOVE, SEI) offer a glimpse into the types of assets held by World Liberty Financial, going beyond just the most common cryptocurrencies. Market Interest: Any significant crypto movement tied to a high-profile name generates considerable interest and speculation within the crypto community. While the exact reasons behind this specific transfer remain undisclosed, moving a substantial amount of assets to a new, likely institutional wallet, is a significant operational step. It could be related to portfolio restructuring, enhanced security measures, or preparation for future strategic actions involving these digital assets. Conclusion: A Glimpse into High-Profile Crypto Holdings The $4.5 million crypto transfer by Donald Trump’s World Liberty Financial involving AVAX, MOVE, and SEI tokens to a new wallet, potentially destined for Ceffu, offers a fascinating insight into the digital asset activities of entities connected to high-profile figures. The mixed unrealized PnL figures highlight the inherent volatility of the market, even for large holdings. This event serves as another data point demonstrating the increasing presence and strategic asset management within the cryptocurrency ecosystem by a diverse range of participants, including those with ties to traditional political and financial spheres. To learn more about the latest crypto market trends, explore our article on key developments shaping cryptocurrency institutional adoption. Disclaimer: The information provided is not trading advice, Bitcoinworld.co.in holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
BTC Hits $97K After CME Gap Fill and Futures Activity Surges
BTC pushed above $97K after closing a futures market gap that traders expected to fill More people traded BTC today, and open interest in futures moved up with the price The market now watches closely as Bitcoin holds above the level where the gap was closed. Bitcoin (BTC) has reached the $97,290 mark, effectively closing a notable CME gap and marking a huge development in its market trajectory. This price action has drawn strong interest from traders, who are now closely watching for upcoming resistance and support zones. CME Gap at $96,800 Filled With Precision On May 7, analyst Mister Crypto confirmed the anticipated CME gap fill at $96,800 using real-time candlestick data. His updated chart showed a sharp upward breakout, marked by a strong green candle piercing the $96,800 resistance. Following the breakout, a very short period of consolidation occurred directly above the gap level. A green check mark and an arrow pointing forward on the chart symbolized confirmation of the fill. Source: X This development aligns with the analyst’s earlier prediction on May 6, where he identified the unfilled CME gap and outlined a possible bullish recovery. His projection featured a zigzag path, showing a gradual upward climb in price action leading directly into the $96,800 range. The gap, formed by the weekend closure of CME’s Bitcoin futures market, often acts as a magnet for price action. Historically, BTC has shown a strong tendency to return and fill such gaps before continuing its trend. Bitcoin Price Breaks $97K as Market Turns Bullish According to CoinMarketCap, the token rose to $97,021.09 at the time of reporting, reflecting a 2.88% increase within 24 hours. Daily trading volume surged 44.63% to $32.89 billion, showing an elevated interest from market participants. Bitcoin’s market capitalization now stands at $1.92 trillion. The fully diluted valuation (FDV) is estimated at $2.03 trillion, and the volume-to-market cap ratio has climbed to 1.7%, indicating high liquidity and active trading conditions. Source: CoinMarketCap The circulating supply of BTC sits at 19.86 million out of the 21 million maximum. BTC began its rally near $94,300 late on May 6 and continued its climb steadily through the early hours of May 7, eventually breaching $97,000. Related: State Bitcoin Bills in Florida Officially Dropped Without Vote Futures Open Interest Surges Alongside Price Movement In addition to price action, futures data also suggested increased investor confidence. According to data from Coinglass, BTC futures open interest has surged since January. Earlier, when the token entered the last quarter of 2023, it was below $10 billion, but crossed $50 billion in March 2024, and currently ranges between $60 billion to $70 billion. At the same time, Bitcoin’s price trend mirrors this increase, often approaching the $100,000 mark on the chart, suggesting a strong correlation between leveraged positions and price movements. High levels of open interest always mean increased speculative activity and higher capital inflows in BTC futures markets. Source: Coinglass With the CME gap now filled, traders position themselves for volatility, which could be an extension of a bullish one or a sharp reversal. It is worth noting that this increase in open interest coincides exactly with the recent closing of the CME $96,800 gap, reinforcing the notion of a technically driven momentum in the market. The post BTC Hits $97K After CME Gap Fill and Futures Activity Surges appeared first on Cryptotale.
Movement Labs Announces the Dismissal of Rushi Manche
According to a report by Jinse Finance, Movement Labs has removed co-founder Rushi Manche from his position, and the project will continue under a new leadership team. Details regarding the leadership changes and the new governance structure will be announced soon.
Movement Labs rebrands as MOVE token faces dramatic plunge and potential Binance delisting
Movement Labs has removed co-founder Rushi Manche and restructured under a new name, Move Industries. The company announced Manche’s termination on May 7, saying: “Movement Labs has terminated Rushi Manche. Movement will continue under different leadership. Details on leadership changes and a revamped governance structure will be coming soon.” The decision follows a high-profile investigation into suspicious market activity involving the firm’s MOVE token. At the center of the issue is a December 2024 token dump that caused MOVE’s price to crash. In response, Movement Labs hired blockchain intelligence firm Groom Lake to investigate the incident and ended its relationship with the market maker. It also launched a $38 million token buyback initiative. Manche, who denied involvement in the suspicious activity, claimed the project relied on poor advice from external partners. He has not yet publicly commented on his termination from the project. Movement’s new leadership Following the leadership shake-up, Movement Labs has restructured under the new name, Move Industries. The rebrand marks an effort to restore credibility and refocus the project on its original mission. According to a May 7 announcement, founding member Torab Torabi has taken over as CEO, while Will Gaines, formerly in charge of marketing, has been named president. Move Industries outlined a leadership philosophy shift prioritizing community engagement and technological development. The team aims to rebuild trust by returning to crypto’s foundational principles and focusing on delivering real value over hype. The team stated: “We’ll return to crypto’s radical roots. We want to build better opportunities for people.” MOVE token plunges The drama surrounding the project has been hitting the network’s native token, MOVE, hard. According to CryptoSlate’s data, the token dropped nearly 13% in the past 24 hours to around $0.15 as of press time. This marks a 35% decline over the past week and a staggering 50% plunge in the last month. MOVE has lost approximately 87% of its value since reaching an all-time high of $1.21 in December 2024. Due to this volatility, Binance has added a monitoring tag to MOVE. The exchange warned that tokens with this tag carry significantly higher risks and price swings. According to the exchange: “These tokens are closely monitored, with regular reviews conducted. Keep in mind that tokens with the Monitoring Tag are at risk of no longer meeting our listing criteria and being delisted from the platform.” The post Movement Labs rebrands as MOVE token faces dramatic plunge and potential Binance delisting appeared first on CryptoSlate.
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