Things Are Not Calming Down in the Altcoin That Coinbase Delisted Due to Manipulation Claims: "Co-Founder Dismissed!" – Trump Also Invested!

By: bitcoin sistemi|2025/05/02 22:15:01

The events in the cryptocurrency market are never ending. The latest news at this point came from Movement Labs.Following Coinbase’s delisting decision, Movement Labs announced that it has suspended its co-founder Rushi Manche over the market manipulation scandal. This decision comes just hours after Coinbase announced that it would be suspending MOVE trading starting May 15.Movement Labs, the company behind the MOVE token, has announced that its co-founder Rushi Manche has been suspended from the organization following a market-making scandal.The statement added that the restraining order would remain in effect pending the results of an investigation conducted by third-party organization Groom Lake.“This decision was made in light of ongoing events and the ongoing third-party review by Groom Lake regarding recent events involving corporate governance and the market maker.”The Scandal Was Explained by Binance!The incident was first revealed by Binance, which found that a large portion of the MOVE token was sold by a market maker named Rentech, who claimed to be affiliated with Web3Port. Binance later revealed that the market maker manipulated the price of MOVE.Related News: Attention Investors! Binance Banned This Altcoin's Market Maker! $38 Million Support Came From The Altcoin Team!Binance later said that the MOVE market maker made a net profit of $38 million by selling 66 million MOVE tokens and decided to remove it from the exchange.Following Binance’s move, Movement Labs also took action and hired an auditing firm called Groom Lake to examine the incidents in detail. The company launched an investigation and announced that it will share all findings with the public.MOVE fell more than 20 percent in the last 24 hours to $0.19.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 regarding organizational governance and recent incidents involving a market maker.— Movement (@movementlabsxyz) May 2, 2025*This is not investment advice. Continue Reading: Things Are Not Calming Down in the Altcoin That Coinbase Delisted Due to Manipulation Claims: "Co-Founder Dismissed!" – Trump Also Invested!

A Polymarket user supported nearly half of Trade.xyz's "active addresses" with 34,000 wallets, yet contributed less than 1% of the trading volume. The real support for the market comes from market-making institutions like Jump, Selini, and Wintermute, as well as a group of directional traders crossi...

Binance quietly placed a bet on a leading large model company

In the past year, YZi Labs has significantly accelerated its investments in the AI field, from educational agents to physical robots, and then to large models, with crypto capital and AI technology rapidly integrating.

Best Crypto Discord Server 2026: Why Jacob’s Crypto Clan Is Gaining Massive Attention

Jacob’s Crypto Clan has grown into one of the most active crypto Discord communities, with over 45K members and continuing to expand. This rapid growth reflects strong demand for structured trading insights and real-time collaboration.

Tom Lee Buying ETH: Why Wall Street’s Loudest Ethereum Bull Keeps Doubling Down

Tom Lee keeps buying ETH through every dip, every drawdown, and every moment of market doubt. Inside the strategy that's turning Ethereum into a treasury asset — and what it signals for the rest of the market.

Stripe Sessions 2026: AI Agent, Global Payments, and Invisible Crypto Infrastructure

Stablecoins have finally begun to enter the real business world, but this time, the main character may not be exchanges, wallets, or public chains, but Stripe. It encapsulates KYC, wallets, gas, compliance, and settlement, allowing businesses to access on-chain assets just like using regular payment...

Where will South Korea's cryptocurrency taxation head?

There is little time left before South Korea implements cryptocurrency taxation, but the current tax laws only cover simple spot and currency-to-currency transactions. Driven by the international tax information exchange standard (CARF), South Korea is comprehensively building an intelligence analys...

Legendary investor Naval: Apple is dead, SaaS will follow suit, and entrepreneurs have 18 months to reshape their moats

"You can continue to hold Apple stock. Just don't expect that what you hold is stock in a growth company."

Morning Report | Visa includes Polygon in its global stablecoin settlement program; MoonPay invests $100 million to acquire security company Sodot; Digital wallet platform Belo completes $14 million Series A financing

Overview of Important Market Events on April 29

Full text of the Federal Reserve's decision: Holding steady for the third consecutive time but increasing divisions

The Federal Reserve has kept interest rates unchanged for the third consecutive time, but there were internal voting disagreements, with one official advocating for a rate cut while three others opposed signaling easing. The situation in the Middle East and fluctuations in energy prices further ampl...