Author: James Wilson

Movement Labs has suspended co-founder Rushi Manche as it continues to investigate a scandal involving one of its former market makers. In a post on X dated May 2, Movement Labs confirmed Manche’s suspension as a third-party investigation by Groom Lake continues. The move came just hours after Coinbase announced it would suspend all Movement (MOVE) trading pairs starting May 15, citing failure to meet its listing standards. We confirm that Rushi Manche has been suspended from Movement Labs. This decision was made in light of ongoing events and as the third-party review is still being conducted by Groom Lake…

Key Takeaways The move designates Huione as a “primary money laundering concern” under Section 311 of the Patriot Act The agency’s data suggests that between August 2021 and January 2025, Huione handled around $4 billion in suspect transactions. The United States has formally moved to block Cambodia-based Huione Group from accessing the American financial system, citing its alleged role in laundering billions of dollars through crypto for North Korean hackers and transnational scam networks. The move, announced Thursday by the Treasury Department’s Financial Crimes Enforcement Network (FinCEN), designates Huione as a “primary money laundering concern” under Section 311 of the…

Cryptocurrency influencer and Token Metrics CEO Ian Balina is the latest figure to have an SEC unregistered securities sales case dropped. According to a May 1 joint stipulation filed in a Texas federal court, the U.S. Securities and Exchange Commission said it “believes the dismissal of this case is appropriate,” and asked the court to end the case without costs or fees to either side. Balina, who became a well-known figure during the 2017 ICO boom, had already hinted at the outcome last month. In a March 13 post on X, he told followers “it’s official” the SEC was dropping…

Key Takeaways Gooden argued that crypto has become a “core element” of modern finance and suggested that increasing its visibility in government buildings would support innovation and enhance accessibility for the public. The machines have become popular tools for scammers who exploit their anonymity and lack of oversight.  A Texas lawmaker is calling on the federal government to install cryptocurrency ATMs in public buildings, framing the move as a step toward financial modernization amid the backdrop of increasing scrutiny for crypto kiosks. In a letter sent Thursday to the General Services Administration (GSA), Representative Lance Gooden  proposed that the agency…

Sonic surged 15% and total value locked reached a new all-time high after Binance Wallet announced its integration with the Sonic blockchain. The update, which was announced on May 1, allows users to interact with Sonic’s (S) decentralized applications and send tokens straight from the Binance Wallet interface. As part of its ongoing Alpha Projects campaign, Binance also hinted at airdrop rewards for active traders who use the wallet on Sonic. #SonicChain is now supported on #Binance Wallet !Discover and Trade the latest Alpha tokens on this chain 🌐🔸Exclusive $S and Sonic Chain ecosystem asset airdrops are coming for active…

Since its launch in June 2018, TRON has achieved a significant milestone by surpassing 10 billion total transactions. As per a May 1 analysis by CryptoQuant contributor Maartun,  the network currently handles approximately 8.4 million transactions every day. Although activity peaked during the 2021 and 2023 bull runs, TRON’s (TRX) daily usage has been increasing steadily. Maartun stressed that this level of on-chain traffic is often overlooked but remains a strong bullish signal. Milestone: TRON just crossed 10.0 B Total transactions!“Daily transaction count is around ~8.4 million. This is among the highest in the space. Activity has picked up during…

Sui is set to integrate sBTC and support the Stacks network, positioning Sui as a leading hub for institutional-grade Bitcoin decentralized finance. In a May 1 blog post, the Sui Foundation announced that it will integrate sBTC and support the Stacks (STX) network, expanding its Bitcoin (BTC) DeFi capabilities. sBTC is a Bitcoin-backed asset developed by Stacks, a Bitcoin layer-2, and allows users to use their BTC in DeFi without relying on centralized custodians. As part of the integration, Sui (SUI) will also operate a validator on the Stacks network. The goal is to unlock DeFi opportunities like lending, borrowing,…

Once one of the cheapest nations to mine Bitcoin in, Kuwait has cracked down on the practice, citing rising electricity demands amid an escalating energy crisis. Crypto miners are once again facing regulatory pressure due to their energy use. On Thursday, May 1, Kuwait initiated a crackdown on crypto mining sites, accusing them of being a major strain on the nation’s electric grid. According to the country’s interior ministry, the country started a widespread operation targeting homes that engaged in crypto mining. Local media reported that the sweep resulted in investigations of over 60 individuals suspected of engaging in crypto…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Amid market dips, investors turn to Lightchain AI, a resilient $0.007 presale token with $19.6m raised and real utility. The cryptocurrency market is currently experiencing a downturn, with significant price drops across major assets. While headlines focus on panic selling, experienced investors are shifting their focus to projects with solid fundamentals and practical use cases. One standout project is Lightchain AI (LCAI), now in its presale phase at $0.007, with an impressive $19.6 million already raised. In contrast to…

A trade and trading signal is a trigger for the action, either to buy or sell a security or other asset, generated by analysis. That analysis can be human-generated using technical analysis or indicators, it can be generated using mathematical algorithms based on market Price Action, possibly in combination with other market factors such as economic indicators. These signals can either be for traditional assets such as stocks or commodities or for relatively newer digital assets such as cryptocurrency. Furthermore, you can learn more about them from our article on what are crypto trading signals? How does a Trading Signal…