newsaboutcrypto

#NewsAboutCrypto #news_update
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MVMT Labs, Inc. — the original development company behind the Movement blockchain — has filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the District of Delaware. The filing was submitted on July 15, 2026, and formalizes the collapse of a project once associated with a valuation approaching $3 B
**Key Points**
- The case, styled MVMT Labs, Inc. (Case No. 1:26-bk-11113), was filed on July 15, 2026 in Delaware Bankruptcy Court. [Pacermonitor](https://www.pacermonitor.com/public/case/65708680/MVMT_Labs,_Inc)
- Court records list estimated assets between $100,001 and $500,000, against liabilities ranging from $1 million to $10 million. [Blockonomi](https://blockonomi.com/movement-labs-files-for-chapter-11-bankruptcy-after-38m-move-token-scandal)
- The petition lists between 200 and 999 creditors. [Blockonomi](https://blockonomi.com/movement-labs-files-for-chapter-11-bankruptcy-after-38m-move-token-scandal)
- The largest unsecured claim belongs to ousted co-founder Rushikesh "Rushi" Manche, at over $1.6 million. [The Block](https://www.theblock.co/post/409151/ousted-founders-1-6-million-claim-tops-movement-labs-bankruptcy-filing)
- The company selected Subchapter V, a streamlined restructuring track for smaller businesses, with the case assigned to Judge Thomas M. Horan. [Blockonomi](https://blockonomi.com/movement-labs-files-for-chapter-11-bankruptcy-after-38m-move-token-scandal)
**Background: From Hype to Insolvency**
Movement was an Ethereum layer-2 network built using the Move programming language, which originated at Meta. [CoinDesk](https://www.coindesk.com/policy/2026/07/21/movement-labs-files-for-chapter-11-months-after-token-scandal-and-strategic-overhaul) The project rode a wave of enthusiasm before running into serious trouble.
Manche, who still holds a 34.25% equity stake, had previously sued the company in Delaware Chancery Court and won advancement of his legal fees tied to a DOJ grand jury investigation into a MOVE token launch scandal. [The Block](https://www.theblock.co/post/409151/ousted-founders-1-6-million-claim-tops-movement-labs-bankruptcy-filing) The broader fallout included a Binance ban and a roughly 99% collapse in the MOVE token's price. [Crypto Briefing](https://cryptobriefing.com/movement-creator-files-for-bankruptcy-after-token-scandal/)
**What Happens Next**
A creditors' meeting is scheduled for August 20, with most proofs of claim due by September 14. A restructuring plan is due October 13 [Blockonomi](https://blockonomi.com/movement-labs-files-for-chapter-11-bankruptcy-after-38m-move-token-scandal) , at which point it will become clearer whether the company reorganizes or winds down entirely.
Importantly, this bankruptcy doesn't necessarily mean the end of the Movement ecosystem itself. Move Industries — a separate legal entity from MVMT Labs — had already announced a pivot away from competing with other Ethereum scaling networks, shifting focus toward cross-border payments, remittances, and stablecoin settlement. [CoinDesk](https://www.coindesk.com/policy/2026/07/21/movement-labs-files-for-chapter-11-months-after-token-scandal-and-strategic-overhaul) Move Industries CEO Torab Torabi has said his company is not involved in the bankruptcy proceedings. [The Block](https://www.theblock.co/post/409151/ousted-founders-1-6-million-claim-tops-movement-labs-bankruptcy-filing)
**Bottom line:** A Chapter 11 filing starts a court-supervised process — it is not an immediate shutdown. Creditors, former founders, and the surviving Move Industries entity will now compete over what remains of a project that once symbolized crypto's boom-era optimism.
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**Suggested photo:** A stock/editorial image of a courthouse exterior (Delaware federal courthouse if available) or a generic "bankruptcy/gavel with financial documents" image works well and stays safely outside copyright/trademark issues — avoid using the Movement Labs logo or MOVE token branding directly unless you have rights to it. Want me to pull a few royalty-free courthouse or gavel images to choose from?
$MOVE

After a sharp correction in the crypto market, the important question right now is not simply how much Bitcoin or Ethereum has risen or fallen, but rather:
Are big funds withdrawing from the market, or taking advantage of low-price levels to accumulate?
Looking at ETF cash flows, the amount of coins on exchanges, and the activity of large wallets in recent days (17~22/07, especially on 21 and 22/07), BTCVN4 believes the picture is leaning more toward accumulation, even though the market has not yet fully escaped the risk zone.

​📉 The "Catching the Falling Knife" Trap in Crypto: Risk Management Lessons for High-Volatility Tokens
​The temptation to buy an asset while its price is plunging is one of the hardest emotions to control in trading. When you see a token drop by -30%, -50%, or more in just a few hours, the first impulse is usually to think: "It’s a bargain, I’ll buy to lower my average price and break even with a small bounce".
​However, in highly volatile assets—such as those classified under the label Seed—trying to average down in the middle of a free fall is the financial equivalent of trying to catch a falling knife.

Calendar:
1. ADP Employment Change data - Tuesday
2. Tesla, $TSLA , Alphabet, $GOOGL , Report Earnings - Wednesday
3. Initial Jobless Claims data - Thursday
4. Intel, $INTC , Reports Earnings - Thursday
5. July S&P Global Manufacturing PMI data - Friday
6. July New Home Sales data - Friday
Main news:
• Brent crude jumped 3% to top $90 a barrel - its highest level since early June - after the U.S. military conducted a ninth consecutive night of strikes against Iran. Shipping through the Strait of Hormuz, which handles roughly one-fifth of global oil trade, has been severely disrupted, with only four vessels transiting the route on Sunday compared to eight the day prior.
• Bitcoin dipped modestly but remained resilient above $64,000, rebounding from lows below $58,000 earlier in July. Traders are eyeing a potential move toward $72,000 around the Fed's July 29 rate decision, with large options positions - 20,000 call contracts at a $70,000 strike expiring July 31 - reflecting bullish sentiment, while futures markets assign a 75–85% probability of rates staying on hold.
• Gold hovered near $4,000 per ounce under pressure as surging oil prices reignited inflation concerns, supporting the U.S. dollar and Treasury yields and raising the opportunity cost of holding the non-yielding metal. ANZ analysts noted that Fed rate hike expectations briefly spiked to 40% probability at the July 29 meeting before settling back to around 10%, with gold expected to find support in the $3,800–$4,000 range.
• Asian and European markets opened cautiously following last week's tech-driven selloff, with the Nasdaq declining 2.9% and the S&P 500 shedding 1.6% on the week. South Korea's KOSPI slid 0.6% on Monday in catch-up trade, extending nearly a 9% plunge last week, as chip stocks including TSMC fell sharply despite record earnings results, reflecting a broader investor reassessment of stretched AI valuations.
#BTC #cpi #NewsAboutCrypto

He worked at a fast-food restaurant… Today, he has built one of the biggest crypto empires.
Part 1 – No one would have bet on him
Teenager, he helps his family by taking on a series of odd jobs.
He works even at a fast-food restaurant and a gas station.
At that moment, no one imagines that this young man will one day run a company worth billions of dollars.
Life teaches him a lesson: nothing replaces hard work and perseverance.
Part 2 – A discovery that changes everything

Geopolitical developments in the Middle East have once again become a major focus for global financial markets. Reports circulating on social media claim that the United States is considering a significant military response following the deaths of two U.S. service members. Some posts have also referenced inflammatory language allegedly used during internal discussions. At the time of writing, these specific claims remain unverified, and investors should rely on official government statements rather than online speculation.
Even without confirmation, markets often react to uncertainty before facts are fully established. Rising geopolitical risks typically increase demand for safe-haven assets while putting pressure on risk-sensitive markets. Oil prices become the first major indicator to watch, as any disruption to shipping routes or regional energy infrastructure could tighten global supply. Gold and silver also tend to attract investors seeking protection during periods of heightened uncertainty.
For the cryptocurrency market, the impact is less predictable. Bitcoin has increasingly been viewed by some investors as a digital store of value, yet crypto markets have historically experienced sharp volatility during geopolitical crises. Short-term price swings are often driven by liquidity, leverage, and investor sentiment rather than long-term fundamentals.
Traders should also monitor broader macroeconomic developments. A sustained rise in oil prices could increase inflationary pressure, influencing central bank policy and interest rate expectations. Those changes may affect equities, commodities, foreign exchange, and digital assets simultaneously.
Until official information becomes available, disciplined risk management remains the most important strategy. Avoid making trading decisions based solely on unverified reports circulating on social media. Instead, follow confirmed announcements from credible sources and prepare for elevated volatility across global markets.
Whether this situation develops into a broader regional conflict or de-escalates through diplomacy, one thing is certain: geopolitical events will continue to play a critical role in shaping market sentiment over the coming days.
Follow HUSSAIN 侯赛因 for more latest updates .
#NewsAboutCrypto #Market_Update #BREAKING

After a week of observing cash flow in the market, I’ve noticed a pretty clear picture: the cash hasn’t left crypto yet, but is circulating among different asset groups.
1. Bitcoin (BTC): The money is still staying in, but it’s no longer too hot
BTC still holds its high-price range and maintains stable liquidity. This suggests that large capital hasn’t shown signs of withdrawing from the market.
However, the pace of new inflows has slowed compared with the previous breakout period. Some Bitcoin ETF sessions recorded outflows, reflecting the cautious sentiment of institutional investors in the short term.

Prominent angel investor and early Uber backer Jason Calacanis has argued that Bitcoin's biggest challenge is no longer the asset itself, but the growing influence of Strategy (formerly MicroStrategy) and its outspoken co-founder Michael Saylor.
"The challenge for $BTC is that one person is causing chaos ($MSTR ), while retail is more interested in bets on world-changing products (SpaceX, OpenAI, Anthropic)," Calacanis wrote on X.
A major problem
Calacanis has become one of the most vocal critics of Strategy's Bitcoin-centric corporate model. His argument is not that Bitcoin itself is fundamentally flawed, but that Strategy has become so dominant that it distorts the market narrative.
The company has transformed itself into what it calls a "Bitcoin treasury company," financing ever-larger $BTC purchases through repeated equity offerings, convertible debt, and preferred stock issuance. As a result, Strategy has become the world's largest corporate Bitcoin holder, and its stock is widely viewed as a leveraged proxy for Bitcoin.
Strategy increasingly dominates institutional discussions about Bitcoin. Meanwhile, MSTR often attracts speculative capital that might otherwise flow directly into spot BTC or Bitcoin ETFs.
Calacanis has long been skeptical
Calacanis has expressed doubts about Bitcoin for years, despite investing early in numerous technology companies.
In 2022, following the collapse of FTX, he argued that much of the crypto industry had become dominated by speculation and poor governance, calling for stronger regulation while distinguishing between blockchain technology and speculative tokens.
More recently, he has repeatedly criticized Strategy's financing model. During previous market selloffs, he urged investors to "sell MSTR and buy bitcoin directly," describing the company's structure as resembling a "stunning pyramid scheme."
#NewsAboutCrypto #news

Volatile Intraday Trading$BTC
On Thursday, bitcoin failed to maintain an uptrend that had seen it log significant gains in the prior 48 hours. Market data shows the cryptocurrency gradually retreated from the $65,000 threshold it had surpassed following the release of the U.S. producer price index on July 15. The descent initially halted after bitcoin dropped to just over $64,400.
A subsequent push toward $65,000 stalled near $64,900 around 1:30 a.m. EST, triggering a sharp drop to $63,900 before a brief relief rally nudged the price back above $64,000. By 8:44 a.m., bitcoin plunged to a daily low of $63,808, though a swift rebound soon lifted it back past $64,700.
At the time of writing (1:13 p.m. EST), bitcoin was trading at slightly over $64,200, representing a 1% daily loss. This retreat dragged the cryptocurrency’s market capitalization back below the $1.3 trillion mark.
While the release of U.S. inflation data on Tuesday and Wednesday lifted global markets, a lack of subsequent positive headlines and continuing hostilities in the Middle East demonstrated how investors may have moved too quickly to price in an easier policy path, while overlooking the structural changes reshaping financial markets.
According to Ryan Kirkley, co-founder and CEO of Global Settlement, the June consumer price index (CPI) print might have bought the Federal Reserve time but did not end the inflation fight.
“The Fed has been handed time, not an exit. The case for an immediate rate hike has weakened, but the inflation fight is not over. Anyone pricing a straight line from this CPI report to easier policy is ignoring the geopolitical risk already building beneath the data,” Kirkley said.
The Crypto-Macro Liquidity Link
Turning to bitcoin specifically, Kirkley argued the asset’s reaction was predictable, noting it responded as traders dialled back expectations for a near-term rate hike. In his view, “that is not bitcoin separating from traditional finance. It confirms how closely crypto now trades with the macro liquidity cycle.”
When inflation cools and rate expectations fall, financial conditions loosen, prompting investors to increase risk exposure. Crypto often reacts quickly because it trades continuously, carries significant leverage, and allows capital to move in and out without waiting for traditional market hours.
“The same dynamic works in reverse. When yields rise or the dollar strengthens, leveraged positions unwind and crypto falls faster than more defensive assets,” Kirkley said in a statement shared with Bitcoin.com News.
Institutional participation has reinforced this relationship, as digital assets now respond to the same CPI releases, Treasury moves, oil shocks, and central bank signals as equities and currencies. While institutional capital has brought greater legitimacy, it has also tied crypto more closely to the traditional financial cycle.
“ Crypto is no longer operating on a separate set of rules. It trades with global liquidity, and pretending otherwise does not change that,” Kirkley said.
#BTC #bitcoin #NewsAboutCrypto