Movement Foundation has cut ties with the market maker and will use the recovered $38 million to buy back MOVE over the next few months.

Movement, a new kid on the block with a market cap of $1.3 billion launched just this December, has landed on some hot waters after a Binance investigation regarding a market maker.

TL;DR Movement Network has announced a $38 million buyback of MOVE tokens after uncovering improper activity by a market maker operating on Binance. The buyback program, financed with recovered USDT, will run over the next three months as a strategy to restore market confidence.

Cryptocurrency exchange Binance has issued an announcement regarding the penalization of a market maker for the Movement (MOVE) project.

Binance offboards a market maker linked to Movement's MOVE token after $38M profit from irregular trading, freezing proceeds for user compensation and enforcing strict market integrity measures. The post Binance Ends Market-Making for Movement (MOVE) Project appeared first on Cryptonews.

Binance has removed the market maker responsible for earning $38M from aggressively selling Movement (MOVE). The Movement project has also ended its partnership with the market maker.

The organization behind the Movement Network said it will use $38 million recovered from a market maker to buy back MOVE tokens over the next three months.On March 24, the Movement Network Foundation said it recovered about $38 million in assets from a market maker tasked with providing liquidity on buy and sell orders for the Movement (MOVE) token on Binance. Binance offboarded the market maker due to “market irregularities.

The STRF sale is scheduled to close later on Tuesday, with Strategy raising approximately $711 million in net proceeds.

Following an alleged breach of contract by a market maker, Movement Network has initiated a $38 million buyback program for its MOVE token. In a Mar.

Jupiter repurchases 16.86M JUP tokens worth $9.32M in buyback.

The crypto market shows signs of recovery with Ethereum climbing back above the $2,000 level, while several altcoins including Wormhole (W), DIONE, and Magnetix (MAG) post double-digit gains in the past 24 hours. Wormhole (W) has jumped 41.

Jupiter (JUP) has recently registered some minor gains rising by 3.50% in the last day. However, earlier market losses mean the altcoin experienced a 1.38% decline in the past seven days.

Jupiter faces a possible decline as the flag pattern signals downward pressure toward $0.41.

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The crypto market dipped back into bearish territory as prominent cryptocurrencies, including Bitcoin (BTC), registered notable declines. BTC reached a high of $86,444 as markets rallied.

Magic Eden has unveiled a new quest enabling participants to qualify for the upcoming $PAWS airdrop.

Story Highlights The MOVE price today is . MOVE price could shoot to a maximum of $1.1498 in 2025. The Movement token price is expected to reach a maximum of $12.0567 by 2030.

Made in USA cryptos to watch this week include XRP, Pi Network (PI), Story (IP), Jupiter (JUP), and Aerodrome Finance (AERO). XRP is leading in market cap, while PI is coming off one of the largest token launches in recent history.

Magic Eden saw an explosive but short-lived surge in Ordinals trading, with daily volume averaging nearly $50 million driven by the Idiots NFT mint.

The Michael Saylor-led company now holds 499,226 BTC purchased for an average price of $66,360 per token.

Ethena's daily revenue has surpassed PancakeSwap and Jupiter, trailing only behind Tether and Circle. Following this achievement, ENA rose 4%.

The crypto market had a mixed day as price action varied across cryptocurrencies. Bitcoin (BTC) continues to struggle, briefly dipping below $80,000 before recovering and moving to its current level.

TL;DR Starknet users can now pay at merchants accepting Bitcoin Lightning payments using only STRK, thanks to Braavos wallet and the Atomiq bridge. No need to set up a Lightning wallet or pre-fund with BTC, making Bitcoin payments simpler and increasing adoption.

STRK has rising 3% since its February launch, while MSTR has dropped over 20%.

Ethereum Layer-2 Starknet has announced plans to launch a Bitcoin L2 to unify the two biggest blockchain ecosystems. In a post on X, Starknet added that it will become the first L2 to settle on both networks.

Analyt project massive BTC dominance if its DeFi sector is fully tapped.

Starknet plans to expand Bitcoin use cases by bridging Bitcoin and Ethereum. StarkWare recently established a Bitcoin strategic reserve.

Starknet, an Ethereum ETH-based Layer-2 network, is working toward a system where Bitcoin BTC and Ethereum operate more seamlessly together.

Starknet has unveiled a bold plan to bridge Bitcoin and Ethereum. Here's How.

Starknet has announced its ambitious plan to become the first Layer 2 solution to unify Bitcoin and Ethereum, aiming to enhance bitcoin's functionality and scalability while preserving its core principles of decentralization and trustlessness.

Starknet plans to use Bitcoin as a settlement layer alongside Ethereum, aiming to connect the two largest blockchains on a single layer 2 network. The Starknet Foundation's Bitcoin roadmap, published on Mar.

Ethereum layer 2 Starknet is laying the groundwork to settle on Bitcoin and Ethereum to unify the two largest blockchains on a single layer.The Starknet Foundation said in its March 11 Bitcoin roadmap that it's aiming for Starknet to become Bitcoin's execution layer, scaling it from 13 transactions per second to thousands, reducing blocks and gas fees, and creating a better user experience. “Most Bitcoin today sits static in wallets and exchanges, constrained by the limitations of the network's original design: a lack of scalability and an inability to natively support applications beyond simple buying, selling, and transferring,” the foundation said.

JUP price hovers near a critical level, signaling potential movement. Market participants should watch for confirmation signals.

Crypto whales have been accumulating Optimism (OP), Movement (MOVE), and Onyxcoin (XCN), signaling potential opportunities despite recent market corrections. Based on the accumulation pattern, these three tokens could potentially be considered the best crypto to buy now.

Starknet's integration of Bitcoin and Ethereum could revolutionize DeFi by enhancing scalability, reducing costs, and boosting asset utility. The post Starknet plans to unify Bitcoin and Ethereum on a single layer 2 network appeared first on Crypto Briefing.

The aim is to provide a Bitcoin DeFi experience using trust assumptions as the next big thing to zero-knowledge proofs until such a time that OP_CAT is adopted

TL;DR Starknet has integrated Bitcoin and Ethereum into the same execution layer, using STARK proof technology to improve Bitcoin's scalability and functionality. The integration with the Xverse wallet will allow Bitcoin to be managed on this Layer 2 solution. BTCFi Season will be launched to encourage the use of Bitcoin in DeFi applications.

Rex Shares and Osprey Funds have submitted a request to list an ETF based on MOVE, the native token of the Movement network, a new Layer 2 of Ethereum.

StarkWare also outlined three further developments as plans for the Starknet Layer 2 to unify Bitcoin and Ethereum escalate.

A bearish reversal at the nearby resistance zone appeared more likely due to price structure and lack of buying pressure.

While almost the entire crypto market is currently struggling & trading in red Movement Network (Move) token has managed to rise nearly 12% in the past 24 hours. This sudden rally comes as the Movement Network Foundation launched its Movement Public Mainnet Beta, raising investor confidence.

MOVE token gained 5% following ETF filings and the Movement Foundation's mainnet beta launch.

Investment managers Rex Shares and Osprey Funds have submitted an application to launch an exchange-traded fund (ETF) based on Movement, the Ethereum Layer 2 network token. The filing makes it the first ETF associated with the recently decentralized blockchain.

Asset manager REX-Osprey is seeking to launch an exchange-traded fund (ETF) designed to hold the Movement Network's native token, MOVE, according to a March 10 announcement. The filing comes as Movement, a layer-2 (L2) blockchain network, launches its public mainnet beta, Movement said.

Despite the wider crypto market decline, Movement Network's MOVE has surged over 6% today and 14% in a week.

The crypto market faced a challenging week, but the new week brings hope for recovery. Whether this rebound stems from broader market trends or individual network developments remains uncertain.

Strategy (formerly known as MicroStrategy) has unveiled plans to raise $21 billion through its Series A preferred stock (STRK) to acquire more Bitcoin. According to a March 10 statement, the company had entered a sales agreement to issue and sell shares of its 8.00% Series A perpetual strike preferred stock at the market (ATM).

Rex Shares and Osprey Funds have filed an application to list an exchange-traded fund (ETF) tracking MOVE, the native token of the Ethereum Layer 2 network Movement. The filing comes as Movement prepares for a beta release of its mainnet.