Crypto News

Bitcoin Jumps Above $97K as Traders Optimistic US-China Trade Deal Possible

Bitcoin (BTC) is trading above $97K in Asian morning hours as the market breathes a sigh of relief that the U.S. and China are said to be working on a trade deal, even if the market is also skeptical that a deal will be reached this month."The U.S. has proactively reached out to China through multiple channels, hoping to hold discussions on the tariff issue," China state media posted on social media.Dogecoin (DOGE) led gains among majors with a 4% rise in the past 24 hours. Cardano's ADA, xrp (XRP), ether (ETH) and BNB rose between 1-3%, with the broad-based CoinDesk 20 (CD20) rising 2.2%.Movement's MOVE extended losses to 21% as the company confirmed founder Rushi Manche had been suspended...

Movement Labs Suspends Co-Founder Amid Market Maker Controversy

Movement Labs suspends co-founder after 66M MOVE token dump triggers audit, Binance freeze, and Coinbase delisting.Source link

US Treasury Moves to Cut Off Cambodia’s Huione Group From Financial System Over $4B Laundering Claims

The Financial watchdog proposed severing the Cambodian conglomerate from the U.S. banking system, citing its links to North Korea.Source link

Visa Integrates Stablecoins Into 150 Million Merchant Network

Visa goes global with stablecoin card rollout, enabling crypto spending at over 150 million merchants. Visa Makes Stablecoin Payments Seamless at 150M Stores Visa and Bridge launched a stablecoin-linked card that enables consumers to use digital assets for everyday purchases on Tuesday. The card allows payments in stablecoins at more than 150 million global merchantSource link

Movement Labs Suspends Rushi Manche Amid Coinbase Delisting, Token-Dumping Scandal

Movement Labs announced today on X that it had suspended co-founder Rushi Manche.The move to suspend Manche comes as Coinbase delisted the MOVE token, after CoinDesk reported that Movement Labs is investigating how a market maker tied to Web3Port acquired and dumped over 5% of the token’s supply, triggering a price crash.Binance had previously banned the market maker at the center of this, Web3Port, from its platform.The MOVE token is down about 20% on the day, according to CoinDesk market data.Source link