The filing comes after months of upheaval that included a controversial market-making agreement, an internal investigation into its MOVE token launch and a Binance ban tied to its market maker.
- Movement Labs, the developer of the Movement blockchain, has filed for Chapter 11 bankruptcy.
- The project came under scrutiny after a market-making deal enabled the rapid sale of 66 million MOVE tokens, triggering a steep price drop and prompting investigations and a token buyback.
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Crypto Flows, Share and the Selective Rotation
Markets repositioned since June, but Binance held share (~55% user funds, ~24% spot) and drew net inflows in early July while the tracked market saw outflows.
Why it matters :
Markets repositioned since June, but Binance held share (~55% user funds, ~24% spot) and drew net inflows in early July while the tracked market saw outflows.
U.S. regulator warns prediction markets against cutting corners in event contracts
Europe's high regulatory bar could spark new crypto industry M&A wave
Senate Dems should accept the victory they won on Trump's crypto limits: White House
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