Author: James Wilson
Coinbase announced on Thursday that it will suspend trading of the Movement token on May 15 at 2:00 p.m. ET, citing routine asset reviews to ensure that listing standards are met. The exchange said MOVE (MOVE) order books have already been switched to limit-only mode, meaning users can place or cancel limit orders, but trading at the market price is disabled. MOVE’s price dropped roughly 20% following Coinbase’s announcement, falling from $0.25 to $0.20. MOVE’s controversy The decision comes amid controversy surrounding MOVE’s market activity and governance. In mid-April, the Movement Network was scrutinized after co-founder Cooper Scanlon took a…
World App has introduced a large retail rollout of decentralized finance tools, giving over 25 million users access to lending, borrowing, and yield-generating products directly within the app. The integration, powered by Morpho—a decentralized lending platform with over $4.5 billion in deposits—enables users to put assets like WLD, WETH, USDC.e, and WBTC to work without bridging or dealing with seed phrases, according to a company post. Through the new Morpho Mini App and browser-based Oku Trade interface, users can earn rewards or take out loans without selling their assets. Verified users with a World ID will receive priority access to…
Solana-based Pipe Network is rewarding users who offer bandwidth for testing its decentralized content delivery system. On May 1, at the Token2049 conference in Dubai, Pipe Network announced incentives for node operators who contribute computing power. This infrastructure will be used to power its decentralized content delivery network built on Solana. Dubbed PipeQuest, the rewards program will support engagement with the Pipe Network testnet. It will incentivize node operators, community participation, and network demand ahead of its mainnet launch, scheduled for summer 2025. Pipe Network wants to build the internet on Solana The ultimate goal of the initiative is to…
Key Takeaways Under the plan, the fund would physically hold SUI tokens in custody with Coinbase. The fund’s value would be determined daily based on a pricing index reflecting spot trading of the SUI token. 21Shares, a Switzerland-based asset management firm, has submitted a fresh application to U.S. regulators for an exchange-traded fund (ETF) centered on SUI, the native token powering the Sui blockchain. The proposal, filed via a Form S-1 with the U.S. Securities and Exchange Commission (SEC), aims to offer investors a vehicle for direct exposure to SUI’s market price. Under the plan, the fund would physically hold…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. BNB holds $600, SHIB breaks resistance, and BlockDAG stuns with $0.0019 pricing, 50m daily Buyer Battles, and a $223m presale ahead of its $0.05 launch. As trading volume fluctuates across the top cryptocurrencies, attention is shifting from short-term market reactions to broader strategic plays. Binance Coin is holding firm above the $600 mark despite recent price pressure, while Shiba Inu has shown technical strength after breaking free from a year-long downtrend. Both assets are navigating critical points that could…
DeFi Development Corp. announced Thursday it has secured $24 million through a private investment in public equity (PIPE) deal to scale its Solana accumulation strategy. The round attracted prominent investors including Galaxy Digital, Arrington Capital, Republic Digital, Borderless Capital, and Amber International Holding Limited. The company is issuing roughly 310,000 shares and 215,000 pre-funded warrants at $46.00 per share. The net proceeds will go toward general corporate purposes, with a focus on growing the firm’s Solana (SOL) reserves. CEO Joseph Onorati called the raise a “milestone” in the company’s effort to become the “most transparent, crypto-native treasury vehicle” in the…
Aztec Network, the Ethereum layer-2 protocol focused on programmable privacy, has officially launched its public testnet. According to a May 1 press release shared with crypto.news, the launch marks a key milestone in Aztec’s eight-year journey to bring stronger data protection to web3. The testnet is now open to developers and paves the way for a fully decentralized mainnet, where no central authority will have hidden access to user data. The release follows successful internal testing phases that included over 100 sequencers. Years of research and development at Aztec led to innovations in zero-knowledge technology and programming tools that allow…
Uniswap price crashed to a crucial support level and did not participate in the recent crypto market bull run. Uniswap (UNI) has been hovering around $5.30 over the past four weeks, a price that’s down 72% from its December highs. However, the coin has two potential catalysts that may trigger a short squeeze in the coming weeks: a megaphone chart pattern and Unichain’s market share growth. Third-party data indicates that the recently launched Unichain network is performing well, with both volume and active addresses on the rise. Nansen data shows that Unichain had over 3.285 million active addresses in the last…
PI Network may be setting up for a bullish move as key signals hint at a trend reversal. A classic divergence, strong support, and a defined trading channel are shaping the next move. PI Network’s (PI) price action is starting to show signs of a shift in market sentiment. After a period of downward or sideways movement, a bullish divergence is forming, a signal often seen ahead of reversals. With price currently holding the lower bounds of its ascending channel, technical conditions could be aligning for a move back toward key resistance. Key technical points, Bullish RSI divergence forming near…
Bitcoin price started the month on a strong note, crossing the important resistance level at $96,000 for the first time since February. Bitcoin (BTC) jumped above $97,000, up by almost 30% from its lowest level in April. Its rally occurred as investors adopted a risk-on sentiment, with the Crypto Fear and Greed Index rising to 55. U.S. stocks also continued their upward momentum, with the Dow Jones and Nasdaq 100 indices both jumping by over 350 points. Below are the top three reasons why Bitcoin may be on its way to $100,000, and possibly an all-time high, in May. 1.…