Leadership transition and new organizational structure reinforce commitment to core technology and enhanced governance SAN FRANCISCO, May 7, 2025 /PRNewswire/ — Movement Labs, a Web3 company and core contributor of the Movement Network, today announced the establishment of Move Industries by two Movement employees. The newly formed Move Industries has been established to ensure a … Read more
Thrive Capital, a venture capital firm backed by OpenAI, has led a significant $900 million funding round for Anysphere raising its valuation to approximately $9 billion. Anysphere’s Valuation Rises More Than Threefold Venture capital firm Thrive Capital recently led a massive $900 million funding round for Anysphere, the creator of the rapidly expanding artificial intelligence … Read more
Japan’s Metaplanet has purchased an additional 555 Bitcoin as part of its aggressive accumulation strategy, bringing its total holdings to 5,555 BTC — valued at over $536 million at current prices. On May 7, the Tokyo-listed firm disclosed that it spent $53.4 million acquiring 555 Bitcoin (BTC) at an average price of $96,134. The company … Read more
Movement Labs confirmed the termination of its co-founder, Rushi Manche, following controversy over a market maker deal that he brokered. Movement Labs made the announcement in a May 7 X post, stating it had “terminated Rushi Manche.” The project said it “will continue under a different leadership.” The post also alludes to upcoming governance changes. … Read more
Resurgent Bitcoin price action to start off May had bulls forecasting a run to $100K, only to fall back around the $95K range just as an imminent breakout appeared to be in the works. Meanwhile, Cardano hasn’t performed nearly as well, falling short of $1, which was expected to be a cakewalk for the L1 … Read more
The world of politics and the rapidly evolving landscape of cryptocurrency often intersect in unexpected ways. Recently, a ripple of anticipation went through various news outlets and social media platforms following a report by Walter Bloomberg on X, quoting former U.S. President Donald Trump. According to the report, Trump hinted at a forthcoming announcement that … Read more
The UK Treasury has opted out of establishing a national cryptocurrency reserve, differentiating its stance from the United States. This decision highlights unique market dynamics specific to the UK, as announced during global discussions on cryptocurrency strategies and regulations. How Does the UK View Cryptocurrency Reserves?What Challenges Do Cryptocurrency Regulations Face? How Does the UK … Read more
Chainlink has announced the launch of Chainlink Rewards, a new community engagement program aimed at incentivizing participation. In collaboration with Space and Time, a member of the Chainlink Build program, the initiative will make 4% of Space and Time’s total SXT token supply, amounting to 200 million SXT, available to eligible LINK Stakers. The first … Read more
Key Takeaways Movement Labs has terminated co-founder Rushi Manche amid controversies and plans a new leadership structure. The MOVE token price plummeted following governance issues and is facing delisting from Coinbase. Movement Labs has terminated Rushi Manche, the project’s CEO and co-founder, amid a leadership overhaul following recent controversies and a Coinbase delisting announcement. “Movement … Read more
WTI builds on this week’s bounce from a nearly one-month low amid US-China trade talks optimism. The fundamental backdrop warrants some caution before positioning for any further appreciation. Traders might also opt to wait on the sidelines ahead of the crucial FOMC policy decision later today. West Texas Intermediate (WTI) US Crude Oil prices gain … Read more