Movement Labs files for Chapter 11 bankruptcy after months of MOVE token turmoil
Movement Labs filed for Chapter 11 bankruptcy while continuing operations under court supervision after facing a market-making scandal, a co-founder's suspension, and multiple exchange delistings. The blockchain developer is restructuring its operations following the MOVE token turmoil that affected the project.
Read full story →TradFi perps volume surges 117-fold to $387B in 18 months as crypto exchanges eat Wall Street’s lunch
Traditional finance perpetual futures volume on crypto exchanges increased 117-fold to $387 billion over 18 months. This growth reflects traders' migration toward decentralized exchanges offering round-the-clock trading of traditional assets.
Bitcoin miners sell 28,000 BTC worth $2B amid rising costs
Bitcoin miners sold 28,000 BTC valued at approximately $2 billion as operational costs increased. This selling activity reflects a broader strategic shift toward artificial intelligence and data center operations.
Tether Announces Audit by KPMG, Reports Positive Opinion from Auditor
KPMG US issued a positive audit opinion on Tether following a complete review of the company's financial reserves. This addresses long-standing questions about whether sufficient assets back the USDT stablecoin, the leading digital asset in the stablecoin sector.