Movement Labs, developer of the Movement blockchain, has filed for Chapter 11 bankruptcy following a turbulent period marked by a controversial market-making deal that led to a sharp drop in its MOVE token price. The project faced investigations after a rapid sale of 66 million MOVE tokens and a Binance ban related to the market maker involved. Recently, Movement Labs attempted a strategic pivot from Ethereum scaling to cross-border payments and stablecoin settlement, but the bankruptcy filing now casts uncertainty over its future operations, partnerships, and expansion plans. The Chapter 11 process allows the company to restructure while continuing operations under court supervision.
The Midnight Foundation reported an attack on the Wanchain bridge that connects Cardano and BNB Chain, prompting several exchanges to freeze assets linked to the incident as a precaution. The exact details of the exploit, the attacker's identity, and...
Bitcoin and Ethereum experienced net inflows of approximately $216 million and $77 million respectively, indicating strong investor interest. In contrast, USD Coin (USDC) saw a significant net outflow of about $236 million, the largest among stableco...
Bitcoin surged past $66,000 following news that the US Clarity Act, which aims to clarify cryptocurrency regulations, is closer to becoming law. The legislation would distinguish cryptocurrencies as commodities or securities, providing clearer rules ...
Ethereum's staking ratio reached a new high of 33.9% in July 2026, with about 40.7 million ETH locked in validators securing the network. Despite staking yields compressing to 1.74%, demand to join remains strong, partly due to liquid staking tokens ...
Spot altcoin ETFs recorded limited inflows focused on XRP, Solana, and Hedera products, reflecting selective institutional interest amid a broader market slowdown. XRP and Solana ETFs saw net inflows of $2.49 million and $2.64 million respectively, d...
