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Crypto World

Cardano price jumps 8% as whales accumulate and ADA targets $0.20

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A Cardano (ADA) cryptocurrency token placed on a table with a blurred upward-trending market chart in the background.
Cardano price prediction
  • Cardano (ADA) gained 7.8% in 24 hours as buying momentum returned.
  • Van Rossem upgraded Cardano with faster smart contracts.
  • Whale accumulation has put the $0.20 level back in focus.

Cardano has bounced back after a sharp sell-off, with ADA climbing nearly 8% over the past 24 hours to trade around $0.1747.

The recovery comes amid a combination of strong whale accumulation, a major network upgrade, and renewed buying interest, even as lingering security concerns persist in the broader ecosystem.

Notably, the recovery has also brought a key level back into focus.

After gaining 11% over the past seven days and reaching an intraday high of $0.1774, focus is now on whether ADA can build enough momentum to challenge the $0.20 mark in the coming sessions.

Whale accumulation and price recovery strengthen bullish sentiment

Cardano’s recent rebound comes after a period of heavy selling that pushed ADA to a 24-hour low of $0.1615 before buyers stepped in.

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The token has since recovered to around $0.1747, reflecting a 7.8% daily gain and signalling that demand has returned after the decline.

ADA price

One of the biggest developments supporting the recovery is increased whale activity.

Large holders have reportedly accumulated substantial amounts of ADA during the recent weakness, a trend that is often viewed as a sign of confidence from long-term investors.

The accumulation has fueled speculation that Cardano could attempt a move toward $0.20, a level that has emerged as an important psychological resistance.

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Trading activity has also remained strong. Cardano recorded approximately $435 million in 24-hour trading volume, highlighting continued participation as the token recovered from recent lows.

Van Rossem hard fork marks a major milestone for Cardano

Beyond price action, Cardano has received a fundamental boost through the successful activation of the Van Rossem hard fork, which upgraded the blockchain to Protocol Version 11.

The upgrade introduces several technical improvements designed to enhance the network’s efficiency.

These include lower-cost and faster execution of Plutus smart contracts, updated cost models, additional built-in functions for developers, and stronger node security.

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Perhaps more importantly, the upgrade represents a governance milestone for the blockchain.

It is the first Cardano hard fork approved entirely through the network’s on-chain governance system, with participation from Delegated Representatives (DReps), Stake Pool Operators (SPOs) and the Constitutional Committee.

The successful implementation reinforces Cardano’s transition toward community-led governance while providing developers with improved tools for decentralised finance, NFT applications and other blockchain-based services.

Hoskinson shifts focus to long-term network development

As ADA experienced heightened volatility, Charles Hoskinson, the founder of Cardano and chief executive of Input Output Global (IOG), urged investors to focus on the network’s long-term development rather than short-term price swings.

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Hoskinson said Cardano should be measured by the strength of its technology and the continued decentralisation of its ecosystem.

He also explained that IOG intends to place greater emphasis on research and innovation while more organisations take responsibility for maintaining Cardano’s core infrastructure.

According to Hoskinson, development of Cardano’s Haskell-based node software is already being shared among multiple companies, reflecting the project’s broader push toward decentralised development.

These comments came as the network continued expanding its governance model following the Van Rossem upgrade, adding another layer to Cardano’s long-term roadmap.

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Bridge exploit adds caution despite improving outlook

While Cardano has benefited from positive developments, the ecosystem also faced negative headlines after an exploit involving Wanchain’s Cardano bridge.

The incident resulted in the theft of approximately 515 million NIGHT tokens, valued at around $9 million. However, the exploit affected the bridge infrastructure rather than Cardano’s Layer 1 blockchain itself.

That distinction is important because cross-chain bridges operate independently from the underlying blockchain.

The incident therefore did not indicate a flaw in Cardano’s consensus mechanism or protocol, although it highlighted the security risks that continue to surround interoperability platforms across the cryptocurrency industry.

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For investors, the exploit served as a reminder that infrastructure built around a blockchain can still introduce risks even when the core network remains unaffected.

Cardano price prediction

Cardano enters the coming sessions with improving momentum after recovering from its recent lows.

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ADA’s move from $0.1615 to around $0.1747, combined with an 11% weekly gain, suggests buying interest has strengthened following the latest market correction.

At the same time, whale accumulation, the successful rollout of the Van Rossem hard fork and continued development under Input Output Global have provided supportive fundamental developments for the network.

Cardano price analysis

The next major level remains $0.1917, with the next higher level at $1.20. A sustained move above that price would represent the next significant technical milestone after ADA’s recent recovery.

Until then, traders are likely to watch whether buying volume remains strong enough to maintain the current rebound while the market continues to digest both the positive network upgrades and the recent bridge-related security incident.

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Paris Blockchain Week Enters Its AI Era Under New Owner

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Paris Blockchain Week Enters Its AI Era Under New Owner

Paris Blockchain Week is entering its next chapter with a new name, broader focus and new owner. Hyve Group acquired Signal Week, formerly Paris Blockchain Week, alongside RAISE Summit and MACHINA Summit. The terms were not disclosed. 

Hyve said the three events will form a new AI-focused division while adding crypto expertise to its fintech portfolio.

Blockchain Steps Into a Wider Room

Signal Week marks a clear shift in how the Paris event presents itself. Its agenda will cover institutional digital assets, traditional finance, and AI-driven financial infrastructure.

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Hyve said the latest Paris Blockchain Week attracted more than 10,000 attendees from over 100 countries, with executives making up 70% of the audience. RAISE brings more than 9,000 AI attendees, while MACHINA focuses on robotics and “physical AI.”

Together, the acquisitions bring crypto, enterprise AI, and robotics under one roof. Signal Week and RAISE will remain separate brands, although their overlap could attract more banks, investors, and policymakers to the same Paris ecosystem.

Hyve Buys While Being Bought

Hyve plans to add hosted meetings, executive discussions, and stronger matchmaking across the events. It also wants to launch successful brands in new markets and develop year-round content and membership products.

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Meanwhile, Hyve is going through an ownership change. Private equity firm Hellman & Friedman agreed in June to acquire it from Providence Equity Partners and Searchlight Capital Partners.

The deal should close before the end of 2026. The Financial Times valued it at about $1.8 billion, while Hyve said its annual EBITDA had risen above $100 million.

That backing gives Hyve more capital to acquire and scale conference brands. It also places Signal Week inside a group built around international expansion.

A New Identity for Crypto’s Paris Stage

Crypto remains central to Signal Week. Its remit now covers the wider infrastructure developing around digital assets, including institutional markets and AI-linked financial systems.

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The acquisition changes the event’s ownership and strategic direction. One of Europe’s largest crypto gatherings is being rebuilt as a broader technology and finance platform.

The post Paris Blockchain Week Enters Its AI Era Under New Owner appeared first on BeInCrypto.

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Pump.fun Adds 'BOOST' Liquidity Mode for Every New Coin

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Pump.fun Adds 'BOOST' Liquidity Mode for Every New Coin


Pump.fun, the Solana-based token launchpad, introduced a launch mechanism it calls BOOST mode, describing it in a post on X as "the new standard launch mechanism for EVERY new pump fun coin." The company said BOOST reinjects future liquidity into every bonded coin, framing the change as a response… Read the full story at The Defiant

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Movement Labs Files Chapter 11 Bankruptcy After MOVE Token Controversy

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Movement Labs Files Chapter 11 Bankruptcy After MOVE Token Controversy
Latest NewsPublishedJul 21, 2026

The blockchain developer will continue operating under court supervision as it restructures following a market-making scandal, a co-founder’s suspension, and exchange delistings that rocked the project.

Movement Labs, the developer behind the Movement Ethereum layer-2 blockchain, has filed for Chapter 11 bankruptcy protection in the US Bankruptcy Court for the District of Delaware, according to court records.

The petition was filed July 15 under Subchapter V, a streamlined reorganization process for qualifying small businesses. The filing allows the company to continue operating while it restructures under court supervision.

On Monday, the court approved interim requests allowing Movement Labs to maintain its bank accounts and cash management systems and obtain debtor-in-possession financing to fund operations during the bankruptcy process. Creditors have until Sept. 14 to file claims.

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Following the filing, Move Industries CEO Torab Torabi wrote on X that the bankruptcy applies only to Movement Labs. Move Industries, which took over development and operations of the Movement ecosystem from Movement Labs in December 2025, continues to operate normally, according to Torabi.

Source: Torab

Market-making scandal rocked Movement before bankruptcy

The filing follows months of turmoil tied to the launch of Movement’s MOVE token and a controversial market-making agreement.

Movement Labs suspended co-founder Rushi Manche in May 2025 over a deal he helped broker with Web3Port. The market maker received 66 million MOVE, about 5% of the token’s supply, and later sold the holdings, reportedly creating roughly $38 million in downward price pressure and prompting an independent investigation.

Coinbase suspended MOVE trading later that month after determining the token no longer met its listing standards, as the review into the market-making arrangement continued.

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The bankruptcy follows a prolonged decline of the MOVE token, which has fallen more than 94% over the past year to roughly $0.01.

MOVE token price over the past year. Source: CoinGecko

Cointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.

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Crypto Rallies as Reported Ethics Deal Revives Odds of CLARITY Act Senate Vote

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Crypto Rallies as Reported Ethics Deal Revives Odds of CLARITY Act Senate Vote


Crypto prices climbed on Tuesday after reports that the White House had reached agreement on the ethics provision that had stalled the Digital Asset Market Clarity Act in the Senate, reviving the odds of a floor vote before Congress breaks for its August recess. The ethics language had been the… Read the full story at The Defiant

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Fewer Than 300 Made the Cut: Ivan Nevzorov on MiCA, CASP Licensing, and What’s Next for Crypto Firms

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Of the more than 3,000 companies that were legally serving crypto clients across the EU as recently as this June, fewer than 300 hold the right to do so today, according to CASP Tracker.

The reason is the Markets in Crypto-Assets Regulation (MiCA), which took full effect across the European Union on 1 July 2026: from that date, only a company holding Crypto-Asset Service Provider (CASP) authorisation — granted by a regulator in one EU member state and passported across the rest of the bloc — can serve EU clients. Companies that previously operated under national Virtual Asset Service Provider (VASP) registrations had exactly until that date to convert. Most didn’t.

We talked to Ivan Nevzorov, CEO at SBSB Fintech Lawyers, about what’s actually left for them now — and why the shortcuts most of them reach for first usually aren’t the ones that hold up.

Let’s start with the obvious one. A company still doesn’t have a CASP licence today — what happens to it now?

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Ivan Nevzorov: Look, here’s the thing people don’t want to hear: the deadline’s already passed. From July 1st, every day you keep serving EU clients without authorisation is a day you’re in breach of MiCA — a minimum €5 million fine under Article 111, and in France it can mean criminal liability for whoever’s responsible. So the answer everyone expects to hear, “just go get licensed,” isn’t actually on the table anymore for a company operating today. You can’t file an application, keep the lights on for months while it gets reviewed, and call that compliance.

Which really leaves two paths. One, you wind down, because the business can’t meet the new standard. Two, you relocate — move your base to a friendlier jurisdiction. Though that one only keeps you legal if you stop marketing into the EU completely and let clients come to you on their own, what’s called reverse solicitation. Keep advertising to EU users from outside the bloc, and you’re breaking the exact same rule, just from a different address.

We’ll come back to relocating, because it’s genuinely its own conversation. Let’s start with winding down, since that’s where most of these companies actually are right now — and honestly, it’s painful to watch, because most of them didn’t do anything wrong. They just didn’t get there in time, and for a lot of them, the reasons had nothing to do with how good their compliance actually was.

Winding down sounds like the more straightforward path, at least. Is it actually?

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Ivan Nevzorov: Not as straightforward as people think, and there’s a right way and a wrong way to do it. The wrong way is switching off the app and disappearing — the client assets sitting in those accounts don’t vanish, and holding them is a regulated activity in itself. To the regulator, that company hasn’t gone anywhere. It’s still operating without a licence, only now it’s also stopped answering its clients. The right way is one of two things: an orderly wind-down, or transferring your clients to a CASP that’s already authorised.

ESMA’s actually spelled out what an orderly wind-down has to look like: stop onboarding, stop any marketing into the EU, restrict yourself to settling what’s already open. And transferring clients sounds simpler on paper, but being on the CASP register only tells you a firm’s allowed to take clients — it doesn’t tell you they’re actually set up to onboard a few thousand new ones at once. A lot of the firms that got authorised fastest didn’t build a crypto compliance function from zero — they already held a MiFID or e-money licence and just converted it, lighter scrutiny attached. Good for them, but it also means some of these brand-new CASPs are banks running crypto as a side product, not specialists who can absorb a wave of migrating clients. Every single one of those clients still needs full AML and KYC re-verification before the new CASP can touch their money. That’s months of work for a team that does it every day. Longer for a team that doesn’t.

You’d think the bigger platforms would have this solved by now. Is that actually the case?

Ivan Nevzorov: Less than people think, and Binance is actually a fair example of why. A platform with years of European operating history and enormous legal and compliance resources still ran into real MiCA licensing problems — the same wall a lot of much smaller companies are hitting. That tells you something worth sitting with: this isn’t a gap you close just by throwing money or headcount at it. If a company at that scale couldn’t get it fully sorted before the deadline, a smaller operator shouldn’t assume they’ll just muscle through it either.

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Let’s rewind for a second — only a couple hundred companies actually made it through while that was still possible. What was going wrong for the rest?

Ivan Nevzorov: Honestly, it’s rarely the paperwork. A technically correct application just gets you in the room — it doesn’t win you the decision. We saw one filing get rejected over how the share capital was deposited, and that requirement isn’t even written into MiCA, anywhere. The regulator just invented a formality that isn’t in the text. That’s the pattern I keep seeing: whatever reason they put on paper is almost never the real one. The real reason comes to you informally, if it comes at all, and it’s about how they read the company — do you actually understand your own risk model, who’s accountable for what, who your clients really are. A compliance policy copied from a template answers none of that. It’s the first thing I flag when someone walks into SBSB with one.

And the second thing people underestimate completely: where you filed mattered almost as much as what you filed. This wasn’t one process across the EU — it was twenty-seven versions of it, moving at completely different speeds, with completely different appetites for saying no. Germany’s BaFin wasn’t shy about it: its first-ever MiCA enforcement action was rejecting Ethena’s application and then forcing the company to wind down its German operation and redeem its tokens. Italy’s regulator went the other way — it spent most of the transition period without having authorised anyone at all, so filings there just sat. Same regulation, wildly different odds depending on the door you knocked on. A few countries never even built the door — Poland’s the loudest example, it went into the deadline with no authority issuing CASP licences at all — but that’s the extreme end of a spectrum the whole market was sitting on.

Let’s talk about the companies actually going through the licensing process, then — a first application in a market they haven’t touched yet, or a return down the line after an orderly exit. What does a strategy that actually works look like, in practice?

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Ivan Nevzorov: Honestly, it starts before you’ve touched a single form. You go talk to the regulator first, find out exactly what they expect from a business like this one, and only then do you build the structure around that answer — the AML policy, the governance, the documentation. MiCA’s a directive, which means every country implements it a little differently, so a compliance package that worked in one member state gets rechecked before you dare reuse it somewhere else. People skip that step constantly, and it costs them.

At SBSB, a full mandate for us looks like this: company formation, the application itself, handling the regulator correspondence, and then the parts most founders genuinely can’t build alone — banking relationships, payment infrastructure, penetration testing through our partners, licensed compliance software. And staffing matters just as much. Regulators check AML certifications early, so get that sorted before the application goes in, not after you’ve already filed.

How should a company actually choose which EU market to apply in — Germany, Austria, the Netherlands, Estonia?

Ivan Nevzorov: I don’t give every client the same answer, honestly, and if anyone tells you there’s one magic jurisdiction, they’re oversimplifying it for you. But the differences between regulators are real, and by now they’re well documented. Germany’s BaFin gives you the heaviest signature in Europe — corporate clients respect it — but you pay for it: a German entity, at least two qualified directors actually present in the country, capital paid up at filing, and a documentation pack that runs to hundreds of pages, with the formal filing in German. France is the opposite story: the AMF had been licensing crypto firms under its own national regime for five years before MiCA existed, so firms already registered there got a genuinely streamlined path, and the regulator’s crypto unit knows what it’s looking at. Luxembourg, Ireland, and Malta became the hubs the big exchanges actually picked: Coinbase went through Luxembourg, Kraken through Ireland, OKX and Crypto.com through Malta. That’s not a coincidence; it’s where the process was mature enough to handle a file that size.

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But here’s what I actually tell clients: the regulator’s speed shouldn’t decide it — your own capacity should. Every serious regulator now checks for the same thing: a real office, real staff on the ground, a credible plan for that specific market. Pick the jurisdiction where you can honestly show that, not whoever’s got the shortest queue — a fast process with no substance behind your application just gets you a fast rejection. And yes, Germany leads on raw licence numbers right now, but a good chunk of that is banks and brokers converting a licence they already had, not crypto-native firms getting freshly approved. “Germany has the most CASPs” and “Germany’s the easiest place for a crypto company” are two different claims, and people mix them up constantly. I don’t think any single country’s lead holds for long anyway — regulator capacity is finite everywhere. We’ve watched this movie before, it’s basically what happened with Curaçao’s gaming licence reform. Once the volume outpaces what the regulator can actually process, the process itself becomes the bottleneck.

Let’s come back to relocating, the third path you mentioned earlier. For companies thinking globally, how should they weigh an EU licence against licences elsewhere — Latin America, Asia, offshore?

Ivan Nevzorov: Look, the safest position is full compliance everywhere you operate — better banking terms, full market access, nothing sitting in a grey area. But that takes a budget most startups just don’t have. So in practice, most of them end up running from a business-friendly base — El Salvador, Panama, the UAE, Singapore, Mexico, these come up constantly — and serving EU clients only through reverse solicitation, sometimes with geo-blocks stacked on top for the riskier markets.

But notice what those two options really are: one’s too expensive for most, and the other cuts you off from actively winning EU clients at all. Which is why the question I hear constantly right now is: can’t I just operate under someone else’s licence? And here’s where MiCA catches people off guard. In payments, under the Second Payment Services Directive, PSD2, there’s a proper agent model — an unlicensed company can work the market on behalf of a licensed one, and the industry uses it everywhere. MiCA has nothing like that. Articles 59 and 60 draw a hard line around who’s allowed to provide crypto services at all, so the classic white-label — an unlicensed provider serving clients in its own name under someone else’s licence — formally doesn’t work.

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What nobody forbids, though, is supplying a licensed CASP with technology or marketing. That’s fully legal, and the entire market has rushed into the gap between those two points — KvarnX, Bitpanda, Bit2Me are all running their own versions of it, and Spain’s regulator has even given the grey-label approach a cautiously positive read, with real limits attached. The catch is what role you’re actually playing: the licensed partner holds every wallet, every bank account, every client transaction. You’re the technology behind their offer, not the provider in front of the client. For a lot of companies that’s a perfectly good way back into the EU market. Just be honest with yourself about which side of that line your business model actually needs to be on.

Last one — once a company has the CASP licence, what does the ongoing workload actually look like?

Ivan Nevzorov: Getting the licence is honestly the easy part to talk about. Staying licensed is where companies actually get tested. I’ve watched a licence get pulled by an EU regulator within months of being granted, because the business just didn’t follow through on what it promised in the application. What actually matters, once you’re authorised, is exactly what you signed up for on paper — active risk assessment, ongoing AML monitoring, reporting to the regulator on time, every single time.

Has that gap between paperwork and practice actually cost one of your clients?

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Ivan Nevzorov: This one’s a bit different — no regulator pulled anything here, and it’s actually from outside crypto. But it’s the same underlying lesson, so it’s worth telling. We had a client at SBSB who did everything right on paper: MSB registration, their API — Authorised Payment Institution — licence, connected to a banking-as-a-service partner, targeting the European market. Business plan solid, AML policy solid, source-of-funds checks all cleared. Where it fell apart was the economics nobody had stress-tested. The marketing spend needed to actually hit their projected client volume ran well above what they’d budgeted. The partner bank’s own compliance screening filtered out a chunk of the high-risk client segment their whole model was built around. And the tariffs the bank actually offered were thinner than what they’d planned for. Nothing illegal happened anywhere in that chain. The business just didn’t survive contact with the market it was built for. They made the call to sell, and we’ve already found a buyer — sold it, more or less, at this point.

One thing that’s genuinely changed the economics here is AI in compliance monitoring. Transaction monitoring that used to eat up a whole team can run with a fraction of the people now — cheaper for the company, and from what regulators have signalled, easier for them to work with too. None of that replaces the basic requirement, though. The licence is the easy part. Staying licensed — that’s the job.

If you had to give one piece of advice to a company still sitting on this decision — wind down or relocate, transfer or hold — what would it be?

Ivan Nevzorov: Pick your strategy and start moving — this week, not this quarter. The window between now and the first wave of regulatory checks is the only asset these companies have left, and it’s shrinking: we flagged back in May that the first checks would land around the third quarter of this year, and the Netherlands has already shown how this plays out — their central bank fined Kraken €4 million and Crypto.com €2.85 million under the old registration regime, and OKX €2.25 million just last year, for something that happened two years earlier.

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A company that uses these months to actually execute — transfer the clients, close out the obligations, or get the relocation structure in place — walks into that first check with a story of action behind it. A company that’s still weighing its options in September walks in with an explanation for why it did nothing. Given the choice, I know which conversation I’d rather have with a regulator.

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The post Fewer Than 300 Made the Cut: Ivan Nevzorov on MiCA, CASP Licensing, and What’s Next for Crypto Firms appeared first on CryptoPotato.

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Movement Labs Seeks Chapter 11 After Months of MOVE Token Turmoil

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Crypto Breaking News

Movement Labs, the team behind the Movement Ethereum layer-2 network, has filed for Chapter 11 bankruptcy protection in the United States, according to court records. The filing places the company under court supervision as it restructures following a series of controversies around the launch of the MOVE token and subsequent corporate disruptions.

The petition was submitted on July 15 in the U.S. Bankruptcy Court for the District of Delaware under Subchapter V, a streamlined reorganization route available to qualifying small businesses. If approved, Subchapter V can allow a business to continue operating while it works toward a plan for creditors.

Key takeaways

  • Movement Labs filed Chapter 11 under Subchapter V on July 15, with operations continuing during restructuring under court oversight.
  • The court approved interim measures including retention of bank accounts/cash management and permission to pursue debtor-in-possession financing.
  • Creditors have until Sept. 14 to submit claims related to the bankruptcy.
  • Move Industries CEO Torab Torabi says the bankruptcy is limited to Movement Labs, while Move Industries continues operating normally.
  • The move comes after months of fallout tied to MOVE’s launch, a market-making dispute, and exchange delistings that contributed to a major decline in token value.

Chapter 11 filing under Subchapter V

Court documents show that Movement Labs, Inc. sought Chapter 11 protection on July 15 using Subchapter V, which is designed to streamline reorganizations for certain small businesses. That status is significant for stakeholders because it can change the pace and structure of the restructuring process compared with a traditional Chapter 11 case.

Following the filing, the court granted interim requests that allow Movement Labs to maintain its bank accounts and cash management systems. The court also approved the company’s ability to obtain debtor-in-possession (DIP) financing, a common mechanism in Chapter 11 cases that helps fund operations while a debtor reorganizes.

For creditors and counterparties, timing matters. The court set a claims deadline of Sept. 14, giving parties a defined window to file claims tied to Movement Labs’ bankruptcy.

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Move Industries says it is not covered

After the bankruptcy filing became public, Move Industries CEO Torab Torabi addressed the situation on X. According to Torabi’s statement, the Chapter 11 filing applies only to Movement Labs.

Torabi also said Move Industries—an entity that took over development and operations of the Movement ecosystem from Movement Labs in December 2025—continues to operate normally.

The distinction is important to users and developers because it suggests the broader ecosystem stewardship may not be directly suspended by Movement Labs’ restructuring. However, readers should still watch for how responsibilities, funding, and contractual relationships between the entities are handled during the bankruptcy process.

Earlier coverage from Movement’s community materials indicates the handoff occurred as part of a broader operational transition. Torabi’s post points to that separation as a reason investors should not automatically assume the entire Movement network is winding down.

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Market-making controversy and exchange action preceded the filing

Movement Labs’ bankruptcy arrives after months of turmoil surrounding the MOVE token launch and a controversial market-making agreement. Cointelegraph previously reported that Movement Labs suspended co-founder Rushi Manche in May 2025 in connection with a deal he helped broker with Web3Port.

According to that earlier reporting, the market maker received 66 million MOVE—about 5% of the token’s supply—and later sold the holdings. The arrangement drew scrutiny after it reportedly exerted significant downward pressure on the token price, and an independent investigation was launched.

Cointelegraph also reported that Coinbase suspended MOVE trading later in May 2025 after determining the token no longer met its listing standards, with the market-making review ongoing at the time.

Those steps—suspension of a co-founder, ongoing investigation, and an exchange delisting—formed a damaging sequence that affected both market confidence and liquidity. A Chapter 11 filing typically signals that the financial and operational strain from such disruptions can no longer be contained internally.

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Token collapse underscores the pressure on the project

The filing is occurring against a backdrop of a steep decline in MOVE’s market value. Cointelegraph’s source material notes that MOVE has fallen by more than 94% over the past year to roughly $0.01. While token price alone is not proof of bankruptcy, it often reflects a wider loss of trust, reduced trading activity, and potentially diminished revenue for token-linked business operations.

For market participants, the deeper implication is less about the immediate price reaction and more about what bankruptcy means for governance, funding, and stakeholder claims. In restructurings like this, creditors may seek repayment through settlement terms or equity arrangements depending on the company’s assets and liabilities—details that typically emerge gradually as the case proceeds.

What to watch next

Movement Labs’ restructuring plan and DIP financing terms will likely be the next decisive signals for investors and ecosystem participants. Readers should also monitor whether the separation from Move Industries remains operational in practice—especially around access to resources, continuity of development, and how any claims tied to past token-related controversies are handled.

Risk & affiliate notice: Crypto assets are volatile and capital is at risk. This article may contain affiliate links. Read full disclosure

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Movement Labs Files for Chapter 11 Bankruptcy

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Movement Labs Files for Chapter 11 Bankruptcy


MVMT Labs, Inc., the developer behind the Movement blockchain, filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the District of Delaware on July 15, according to the court docket. The voluntary petition, docketed as case number 26-11113 and assigned to Judge Thomas M. Horan, lists… Read the full story at The Defiant

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Shiba Inu (SHIB) Team Faces Backlash Over Controversial Social Media Campaign: Details

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The team behind the popular meme coin tried to settle an interesting competition, but instead became the subject of criticism from its community.

SHIB’s price has finally rebounded, while several bullish factors suggest a much more substantial rally could be on the horizon.

The SHIB Army Demands Action

Inspired by Spain’s victory in the FIFA World Cup, Shiba Inu’s official X account tried to settle “the real competition,” asking where on Earth the meme coin has the strongest presence.

Some of the answers included Brazil, Japan, the USA, and Turkey, yet the vast majority of users found the question totally inappropriate, suggesting that SHIB’s team should focus on more pressing matters instead.

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Many showed their frustration at the recent inactivity of the entire ecosystem, urging the developers to act fast before they lose even more traction. One X user, named Mehmet, said Shiba Inu’s team has been “mocking” people who trusted the project, adding that he regrets the moment when he learned about SHIB.

“People trusted you and invested. I really regret the day I learned about Shib. Leash has turned to trash. The value of Treat and Bone keeps dropping every day. Shame on you.”

Others went even further, labeling Shiba Inu as a scam and a dead project.

Good Days Ahead?

Besides the stalled ecosystem developments, SHIB’s holders are perhaps even more frustrated by the meme coin’s price collapse. It currently trades at around $0.000004272, representing a 72% decline on a yearly scale. On the bright side, this is a 4% increase over the past week, while certain elements signal that the bulls may stage a more decisive comeback in the short term.

The first is the resurgence of Shiba Inu’s burning mechanism. The burn rate has soared by nearly 280% over the last month, indicating that many tokens have been effectively removed from circulation. Still, SHIB’s supply remains extremely large, meaning that both the team and the community will need to ramp up their efforts in that field to support a stronger rally.

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SHIB Burn Rate
SHIB Burn Rate, Source: Shibburn.com

Next on the list is the meme coin’s declining amount on exchanges. According to CryptoQuant, the figure has dropped to a fresh five-year low, signaling that numerous investors have abandoned centralized platforms in favor of self-custody wallets, thereby reducing immediate selling pressure.

SHIB Exchange Reserve
SHIB Exchange Reserve, Source: CryptoQuant

The post Shiba Inu (SHIB) Team Faces Backlash Over Controversial Social Media Campaign: Details appeared first on CryptoPotato.

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S&P and Pantera Launch Revenue-Screened Digital Asset Index

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S&P and Pantera Launch Revenue-Screened Digital Asset Index


S&P Dow Jones Indices and Pantera Capital have launched the S&P Pantera Digital Asset Index, a benchmark for institutional investors seeking a more disciplined and structured approach to digital asset allocation, the index provider said in a press release published Tuesday. The index screens for… Read the full story at The Defiant

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Bitcoin sends CRCL, BMNR and MSTR soaring before Fed showdown

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CRCL stock breaks above a descending channel near $71 as Aroon momentum turns bullish, though money flow remains negative.

Bitcoin’s move above $66,000 has lifted CRCL, BMNR and MSTR by as much as 8.6% as investors position for the Federal Reserve’s July meeting.

Summary

  • Bitcoin’s move above $66,000 lifted CRCL, BMNR and MSTR during Tuesday’s trading.
  • CRCL and BMNR broke descending resistance, while MSTR reclaimed the key $100 level.
  • The Federal Reserve’s July decision could determine whether the three stock rallies continue.

According to data from crypto.news, Bitcoin climbed past $66,000 on July 21, while Ethereum traded above $1,900 and XRP recovered beyond $1.14. The combined value of all cryptocurrencies increased 2.08% within 24 hours to reach $2.26 trillion.

Stocks tied to digital assets followed the market higher during Tuesday’s session. Circle Internet Group gained 8.6%, BitMine Immersion Technologies advanced 3.61%, and Strategy rose 4.22%, according to the daily TradingView charts supplied with the report.

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Investor interest also increased as U.S. lawmakers moved closer to establishing clearer rules for digital assets. As such, expectations surrounding the CLARITY Act supported companies with direct exposure to cryptocurrency prices, stablecoin activity and corporate crypto holdings.

Crypto strength has lifted all three stocks

Circle Internet Group recorded the largest gain among the three companies, with CRCL closing at $71.08 after opening at $68.94. TradingView data showed that the stock reached an intraday high of $72.68 and a low of $68.65 before ending the session 8.6% higher.

CRCL also moved above the upper boundary of a descending channel that had controlled its price since early June. The supplied daily chart places the former channel resistance near $65, making that level the first area buyers may need to defend if the breakout faces a retest.

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CRCL stock breaks above a descending channel near $71 as Aroon momentum turns bullish, though money flow remains negative.
Circle daily price chart — July 21 | Source: TradingView

Momentum indicators support the recovery, although money flow remains a concern. CRCL’s Aroon Up reading reached 85.71%, while Aroon Down fell to zero, which the TradingView chart identifies as stronger upward momentum; however, the Chaikin Money Flow reading remained negative at -0.25, showing that buying pressure has not yet produced sustained capital inflows.

Based on the visible chart structure, the next resistance range sits between $75 and $80. A move back below the broken channel boundary near $65 would weaken the breakout, while the recent base around $60 provides the next visible support area.

BitMine Immersion Technologies closed at $17.23, rising 3.61% after trading between $16.69 and $17.24. The advance came as investors assessed BitMine’s latest Ethereum purchases and its share-repurchase program ahead of the Fed meeting.

BMNR stock clears descending trendline resistance near $17.23 as RSI rises toward 59 and the Supertrend turns bullish.
BitMine daily price chart — July 21 | Source: TradingView

According to the company figures cited in the report, BitMine acquired another 7,430 ETH during the week, raising its holdings to 5.78 million tokens. The company has staked 4.92 million ETH, equal to about 85% of its Ethereum treasury, while its combined crypto assets, cash, and investments stood at $11.5 billion.

BitMine also repurchased 5.5 million shares at an average price of $15.62, according to the same company update. Its daily chart showed BMNR breaking above a descending trendline that had capped the stock since May, while the price also crossed the Supertrend level at $16.53.

BMNR’s Relative Strength Index rose to 58.71, compared with its signal average of 47.17, according to TradingView. Since the RSI remains below the 70 overbought threshold, the indicator leaves room for an advance toward the visible $18 resistance, followed by the previous consolidation area near $20; a close below $16.53 would weaken the reversal setup, with additional support shown at $13.83.

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Strategy shares ended Tuesday at $101.95 after rising 4.22%, TradingView data showed. MSTR traded as high as $104.60 and briefly fell to $99.95, but buyers returned around the psychologically important $100 level before the close.

Michael Saylor disclosed that Strategy increased its U.S. dollar reserves by $225 million, bringing the company’s cash reserve to $3.2 billion. The report also placed Strategy’s Bitcoin holdings at 843,775 BTC, keeping MSTR closely exposed to changes in the cryptocurrency’s market value.

Fed guidance will test the new breakouts

MSTR has reclaimed the Bollinger Bands midpoint at $94.79 and is approaching the upper band at $105.36, according to the supplied daily chart. A confirmed move above that upper boundary could open the area around $110, while a rejection would keep $100 and the middle band near $95 as the first support levels.

MSTR stock reclaims the $100 level and Bollinger midpoint, approaching upper-band resistance near $105 as trend strength remains weak.
MSTR daily price chart — July 21 | Source: TradingView

Despite Tuesday’s recovery, MSTR’s Average Directional Index stood at 18.77. TradingView’s indicator reading shows that the stock does not yet have a strong directional trend, leaving the breakout vulnerable if Bitcoin loses momentum or the Fed delivers a more restrictive policy message.

The Federal Reserve is scheduled to meet on July 28 and 29, with markets expecting policymakers to leave interest rates unchanged, according to the report. Investors will instead examine Chair Kevin Warsh’s comments for clues about inflation, economic growth and the timing of future policy changes.

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A balanced policy message could help Bitcoin and crypto-linked equities preserve Tuesday’s gains. More hawkish guidance could encourage profit-taking, placing CRCL’s channel breakout, BMNR’s Supertrend reversal and MSTR’s recovery above $100 under immediate pressure.

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

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