Movement Labs faces a crisis after co-founder Rushi Manche is suspended due to a controversial token dump that spurred audits and exchanges’ actions. The incident involved the unexpected sale of 66 million MOVE tokens, raising serious questions about governance and oversight within the organization. According to a statement by Movement Labs, “This decision was made … Read more
The $300 million ecosystem development fund by MEXC will drive blockchain innovation, support early-stage Web3 projects, and expand its role from crypto exchange to full-scale ecosystem builder. MEXC Advances Push Into Web3 Development With $300 Million Fund MEXC, a global crypto exchange, has announced a bold leap forward in its evolution by launching a $300 … Read more
The $300 million ecosystem development fund by MEXC will drive blockchain innovation, support early-stage Web3 projects, and expand its role from crypto exchange to full-scale ecosystem builder. MEXC Advances Push Into Web3 Development With $300 Million Fund MEXC, a global crypto exchange, has announced a bold leap forward in its evolution by launching a $300 … Read more
Bitcoin miner Riot Platforms has reported its highest-ever quarterly revenue, but still posted a loss as mining costs have nearly doubled compared to the same time last year and it moves to bolster its facilities. “We achieved a new record for quarterly revenue this quarter, at $161.4 million,” Riot CEO Jason Les said in a … Read more
Despite going through a tumultuous Q1 and registering massive losses, MicroStrategy hasn’t pulled back from its Bitcoin buying spree. The latest word is that the firm, which has now rebranded as Strategy, plans to raise another $21 billion to buy more Bitcoin. $MSTR announces BTC Yield of 13.7% and BTC $ Gain of $5.8B year-to-date, … Read more
Bitcoin’s recent surge highlights a robust recovery phase post-market drawdown, signaling strong investor confidence in the cryptocurrency. Market analysts are optimistic, indicating a long-term bullish sentiment reflected by rising trading volumes and positive on-chain metrics. Citing Willy Woo, he expects BTC to reach as high as $108k, underscoring a shift in market dynamics favoring holders. … Read more
Key Points: 95.3% probability of Fed holding rates; market influenced significantly. Bitcoin surpasses $97,000 amidst market expectations. No Fed leadership statements as of May 2, 2025. FedWatch data suggests a 95.3% chance of the U.S. Federal Reserve holding interest rates in May, causing notable crypto market reactions on May 2, 2025. The market shows sensitivity … Read more
The US Treasury Department wants to block the Cambodia-based Huione Group from accessing the US banking system, accusing it of helping North Korea’s state-backed Lazarus Group to launder its crypto. The Treasury’s Financial Crimes Enforcement Network (FinCEN) proposed on May 1 to prohibit US financial institutions from opening or maintaining correspondent or payable-through accounts for … Read more
The demand for yield-generating strategies around Bitcoin (BTC) is surging, especially from firms seeking liquidity without liquidating their BTC, according to Ryan Chow, co-founder and CEO of Solv Protocol. During a fireside chat at the Token2049 conference in Dubai on May 1, Chow said institutional interest in Bitcoin yield products has grown exponentially over the … Read more
Visa goes global with stablecoin card rollout, enabling crypto spending at over 150 million merchants. Visa Makes Stablecoin Payments Seamless at 150M Stores Visa and Bridge launched a stablecoin-linked card that enables consumers to use digital assets for everyday purchases on Tuesday. The card allows payments in stablecoins at more than 150 million global merchant … Read more