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 […]
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The native token of the Ethereum-based Movement Network, MOVE, plunged to a historic low following Coinbase’s delisting amid the ongoing controversy tied to questionable market-making activities. The US crypto exchange announced on May 1 that it would suspend MOVE trading across its platforms by May 15, citing the token’s failure to meet its listing standards. […]
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Binance has taken firm action against internal misconduct and market irregularities linked to the Movement’s MOVE token. The exchange has suspended a staff member for insider trading and penalized a market maker involved in manipulative trading practices. Insider trading On March 25, Binance Wallet confirmed the suspension of an employee who engaged in front-running trades […]
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It’s the most significant Bitcoin move since July 30, though Galaxy’s head of research doesn’t think it’s for distribution.
EVM compatibility is driving the rapid growth of Move-based blockchains like Sui and Aptos, as explained by Movement Labs' co-founder.
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