The South Korean government's ban on companies opening real-name accounts for cryptocurrency trading, coupled with an unclear regulatory framework, has led to an outflow of capital, talent and companies.
JinseFinanceThe Movement Network public mainnet is the first Move blockchain based on Ethereum, designed to provide high TPS, increased security, and near-instant finality.
JinseFinanceMovement, a network of modular move-based blockchains, has launched its public testnet, Parthenon, alongside its integration with Polygon's AggLayer. Movement Labs reports $160M in committed TVL ahead of the mainnet launch later this year. Will you join the movement?
CatherineMovement Labs just released their incentivized testnet campaign, inviting participants to help build “Parthenon”.
JinseFinanceExodus Movement, Inc. remains optimistic as the SEC postpones its NYSE American listing, confident that transparency and resilience will guide them through regulatory challenges.
SanyaExodus delays NYSE listing due to SEC review, promises transparency and future consideration.
Huang BoThe significant Bitcoin withdrawal from Coinbase suggests increased institutional activity in the cryptocurrency market. Despite expectations of a bullish impact, the current price decline reflects a nuanced relationship between institutional behavior and market dynamics.
BerniceGrayscale's CEO, Michael Sonnenshein, remains optimistic about reducing fees for the Grayscale Bitcoin Trust ETF (GBTC) despite outflows hitting $12 billion. Concerns arose due to high fees compared to market averages. GBTC experienced its largest outflow day, with $643 million withdrawn, while other asset managers saw positive inflows. The insolvency of FTX significantly impacted GBTC sell-off, as FTX previously held approximately 22 million GBTC shares. This led to a temporary price impact on Bitcoin following FTX's sale.
Cheng YuanGlobal funds, facing economic challenges, withdrew $1.1 billion from Chinese stocks. Investor sentiment turned bearish as the central bank kept key rates unchanged. China's struggles include deflation, declining exports, and a prolonged property crisis. The year ahead poses challenges amid ambitious growth goals.
BerniceStep aside Move-to-Earn cause Listen-to-Earn has got your back! Just kickback, relax, and listen to your favourite tunes or podcast while earning some crypto.
Catherine