Cryptocurrency news continues to flow, here are the four major highlights to watch today (May 1):

1. MOVE token experiences abnormal sell-off, suspected to involve internal trading from intermediary Rentech

According to on-chain data observations, approximately 66 million MOVE tokens were sold off unusually, causing significant market fluctuations. Some analyses suggest that the trading behavior might originate from self-trading activities by the intermediary Rentech, which could be an arbitrage operation or capital relocation. The MOVE community is closely monitoring the event's developments, and the project team has not publicly responded to this yet.

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2. Grayscale launches Bitcoin adopter ETF, further promoting BTC mainstreaming

Asset management giant Grayscale announced today the launch of the 'Bitcoin Adopter ETF,' aimed at tracking publicly traded companies that actively embrace Bitcoin. This product is seen as an important step in encouraging traditional financial institutions to participate more broadly in the cryptocurrency market.

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3. Metaplanet establishes a U.S. subsidiary, focusing on Bitcoin fund operations

Japanese listed company Metaplanet announced the establishment of a wholly-owned subsidiary in the United States, which will focus on Bitcoin fund management and investment operations in the future. This move signifies that Metaplanet is taking its Bitcoin strategy to the international stage, further expanding its influence in the cryptocurrency market.

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4. Bloomberg: Ripple plans to acquire USDC issuer Circle for up to $5 billion

According to Bloomberg, Ripple is in discussions with Circle, the issuer of the stablecoin USDC, regarding a potential acquisition, with the transaction amount possibly ranging between $4 billion and $5 billion. If realized, this would become one of the largest mergers in the cryptocurrency industry, allowing Ripple to make a significant entry into the stablecoin market.