Taureon

CLARITY Act faces delay over ethics provisions; Movement Labs files for bankruptcy

Decided to do a quick explainer because @torabyou is a chad and there should be a post from someone that actually understands bankruptcy re the recent Movement news. I am also the one that architected Project Fenix (in its initial form), which was a plan to keep the Movement Network functional not

Movement Labs Files for Chapter 11 After Token Scandal

Move Industries 首席执行官 Torab Torabi 回复吴说表示，Move Industries 是 Movement 生态系统的开发团队，MVMT Labs 此前已申请破产保护，但 Move Industries 作为独立法律实体与其无任何从属关系，未参与该破产程序，且目前业务运营正常。

吴说获悉，据 DeFiLlama 数据，自去年 11 月以来，Movement 链上 App 日收入长期不到 800 美元，而该链上日费用长期仅保持个位数，近 24 小时费用仅为 1 美元。然而，Movement 累计融资额高达 1.414 亿美元；该代币当前 FDV 为 1.07 亿美元，自高点下跌超 99%。目前 Movement 已申请破产。wublock123.com/news/news-65075

That actually makes sense though because (at least in the US) the merchants basically price the 3% fee into the cost, and then the card issuer uses that to give rewards back to the customer. If you issue a crypto debit card, you still have to meet user expectation (~3% rewards) otherwise the user w

Hesab selected Movement as its exclusive stablecoin settlement layer for cross-border flows. $160M in monthly volume. 1 million+ transactions per month. The corridors they serve run on informal cash networks with 2-5 day settlement and capital sitting idle in pre-funded float. Movement provides ac

Heads up for anyone running Switchboard feeds with a Pyth source: Pyth Core is being deprecated on July 31. Any Switchboard feed with a Pyth source will need an update to keep working. The thread below lays out how to keep the data flowing.

good point if u think about stuff like safemoon or shib they were not that great at being a 'meme' but rather great at rallying everyone around it kind of like a movement coin and once u print green candles all the times that's all that matters https://x.com/blknoiz06/status/2073284086609715298

*IRAN LIFTS EXPORT BAN ON PETROCHEMICAL, POLYMER PRODUCTS: FARS