Cryptocurrency
$MOVE Listed on BYDFi: Market Cap at $170 Million, Valuation around $10 Billion

[PRESS RELEASE – Seychelles, Seychelles, December 13th, 2024]
The native token of the Movement Network, $MOVE, which was launched on December 9, 2024, outpaced its price of $1.45 after the release. As an innovative blockchain ecosystem based on a Move programming language, the Movement Network is going to integrate its ecosystem with $MOVE tokens right after the launch of its mainnet. Currently, BYDFi has officially listed $MOVE, showing deep insight into the development of blockchain technology and being forward-looking in terms of market positioning.
$MOVE: A Token Economy Built on Core Blockchain Security Technology
The Movement Network is the first blockchain ecosystem built on the Move programming language. This language developed by Meta’s (formerly Facebook) cryptography team, fundamentally redefines how secure, modular, and verifiable smart contracts are written. One of the major challenges in blockchain development today is the security of smart contracts, with billions of dollars lost annually due to exploit vulnerabilities. Move provides developers with a safer and more predictable development environment, aiming to reduce the risk of vulnerabilities while lowering the resource costs required to maintain on-chain security.
Co-founders of Movement Labs are former Aptos engineer Rushi Manche and blockchain entrepreneur Cooper Scanlon. The team members have hailed from leading blockchain projects, including Biconomy, Sui/Mysten Labs, and Fluid Finance. Drawing on experience in the field of blockchain development and fin-tech, the team is committed to the security, scalability, and transaction finality of Ethereum.
After announcing the Movement Network’s Public Mainnet, the public chain of the Move language, the $MOVE token becomes core in the ecosystem:
• Cybersecurity Pledge: Verifiers pledge $MOVE to guarantee network security and get rewards.
• Transaction Fees: The gas fees are covered by $MOVE within the Movement Network for barrier-free transactions.
• Governance Participation: Token holders can participate in governance; thus, they have a say in the future of the network.
These utilities make $MOVE quite substantial and an important factor within the Movement Network for users and investors.
Market Volatility: $MOVE Token
Per data from Coingecko, the token of $MOVE is up 4.7% in the last 24 hours, trading at 0.7053 dollars at the time of writing, with a total trading volume of 6.516 billion dollars. The circulating supply of the token is 2.3 billion with a fully diluted valuation close to 10 billion dollars. The ability of $MOVE to defy the course of the market is a consequence of the technical advantages of the Move programming language, as mentioned above, and due to several other factors:
1. Potential as an Infrastructure Token:
Similar to $ETH, the core asset of the Ethereum ecosystem, $MOVE plays a critical role in the operation of its entire ecosystem. Although the market performance of such tokens might be volatile in the early stages, it tends to stabilize and show growth potential when the underlying technology and ecosystem mature. Consequently, $MOVE aims to be one of the essential assets in the blockchain space.
2. Community Building to Amplify Influence:
Community development is a high priority to the Movement Labs team, hence the airdrop event of $MOVE. This was for rewarding some of the earliest adopters and for bringing new users into its ecosystem in order to expand the sphere of influence and activities of the community.
3. Strength Built Through Multiple Funding Rounds:
Thus far, the Movement team has completed three rounds of funding and acquired 41.4 million dollars in total. With investments from institutions such as Polychain Capital, Hack VC, Aptos Labs, and Primitive Ventures, this project obtained further momentum. Among these, Primitive Ventures co-founder Dovey Wan overthrew the original decision by the team to forgo investment in it; reevaluating, she bet on this “dark horse”.
While high volatility has hit leading cryptocurrencies in the wider market, the $MOVE token has gained interest among crypto investors due to its outlook on its ecosystem. Influencers such as @nihilus_XBT and @CryptoProject6 have shown optimism in the future direction of $MOVE.
Presently, users can monitor $MOVE’s market trends in real-time on the BYDFi, and actively participate in spot trading. BYDFi will soon launch “BYDFi Copy Trading” to facilitate seamless access to crypto trading. These ultimately allow beginners and busy investors to invest in markets. BYDFi is dedicated to providing users with crypto trading experience.
About BYDFi
Founded in 2020, BYDFi has established itself around the world based on the principle of making things easy for customers and bringing an innovative spirit. Featured in Forbes’ top 10 for best crypto exchanges, BYDFi operates the largest spot trading area for more than 600 tokens and flexible use of 1x to 200x leverage. Ease of purchasing cryptocurrencies due to partnerships with leading payment services providers, Banxa, Transak, and Mercuryo for a fraction of the cost and accessibility.
Official website: https://www.bydfi.com
Online customer service: CS@bydfi.com
Business cooperation: BD@bydfi.com
Media contact: media@bydfi.com
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Cryptocurrency
Bitcoin at Risk of Sharp Pullback as Traders Take Profit: Bitfinex
Last week, bitcoin posted a new all-time high (ATH) that marked a significant recovery from lows seen in April. The pace and consistency of the rally led to BTC logging its seventh consecutive green weekly close, marking the longest such streak since October 2023.
However, according to the newest edition of the Bitfinex Alpha report, that streak is about to be broken because traders are beginning to take profits. Also, BTC may struggle to thrive amid an unfavorable macroeconomic environment triggered by tariff tensions in the United States.
Increased Possibility of Pullback
Within 36 hours of hitting a new ATH, BTC witnessed a slight correction, falling below its previous high of $109,590. This retrace was attributed to reignited global trade war fears triggered by U.S. President Donald Trump’s proposal of 50% tariffs on European Union imports.
While cryptocurrencies struggled with the effects of Trump’s tariff announcement, the Bitcoin perpetual futures market witnessed a flush as excessive leverage unwound. This added to the downside pressure on BTC and increased the possibility of a corrective move in the short term.
Although the coming days will tell if BTC will stabilize above the $106,000 weekly lows, profit-taking by short-term holders could lead to a deeper reset before the next leg up. This is because investors tend to lock in gains when BTC records such a pace of appreciation.
Short-term Holders Take Profits
Bitfinex says there will be two types of sellers: those who bought the BTC dip and are sitting on profits, and those who were in losses during the last correction and are now above breakeven. These cohorts of investors are already taking profits, as seen in the on-chain data.
As BTC recovered and rallied past $$93,400, which was the short-term holder (STH) cost basis, profit-taking accelerated. In the last 30 days, STHs have realized at least $11.4 billion in profit, with a daily peak of $747 million. This figure is a far cry from the $1.2 billion in cumulative profit realized within the previous 30-day period.
Additionally, the surge in profit-taking is evident in the STH Realized Profit/Loss Ratio, which has risen to a level only seen on 8% of trading days in Bitcoinʼs history.
“This dramatic shift highlights just how quickly investor sentiment and behavior can pivot when momentum returns. However, it also implies that some degree of consolidation is likely as the market digests this wave of distribution before attempting another leg higher,” Bitfinex analysts stated.
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Cryptocurrency
BTSE Announces Bitcoin Pizza Day Campaign Milestones

[PRESS RELEASE – Victoria, Seychelles, May 27th, 2025]
BTSE, a leading blockchain technology company, today announced its Bitcoin Pizza Day campaign results, recording a 20% increase in 24-hr futures trading volumes to $3.6 billion by the end of the campaign. Users initiated over 100,000 AutoTrader strategies throughout the month-long campaign. The results reflect the company’s dedication to better educating users, creating more simplified and intuitive trading tools, and building a strong community where individuals can learn about crypto investing.
BTSE held trading competitions, a global photo contest, and various community group incentives from April 26 to May 26 to celebrate Bitcoin’s first commercial transaction 15 years ago. A collective 5.22 million USDT in rewards were distributed in commemoration of the date, May 22, 2010.
BTSE’s AI-assisted investing platform AutoTrader played a major role in attracting new users, as campaign participants invested in its automated strategies en masse as part of the campaign. AutoTrader offers thousands of automated trading strategies that are created by experienced trading professionals and consistently tested for performance by smart AI algorithms. Users can invest in over 100 cryptocurrencies through AutoTrader, going long or short; they can also adjust each strategy’s time frame, risk tolerance, and risk management parameters such as take-profit and stop-loss conditions.
“Bitcoin’s steady climb to a new all-time high on Bitcoin Pizza Day was a key factor in driving results over the past month. Our campaigns were well-timed and primed to capture the renewed optimism that global investors feel towards Bitcoin and crypto,” said Jeff Mei, Chief Operating Officer of BTSE. “Our Pizza Day campaign reflected key improvements that we’ve made to our products, and represent the beginning of a series of initiatives to take our retail trading services to the next level. We look forward to announcing more exciting products and campaigns over the next several months.”
Looking ahead, BTSE will continue to focus on innovative product design and customer service excellence, and actively explore new partnership opportunities in key markets such as Southeast Asia, Central Asia, and the Middle East.
About BTSE
BTSE Group (https://www.btse.com/en) is a global blockchain technology company focused on three primary businesses: Exchange, Payments, and Infrastructure Development. The BTSE exchange supports 350+ cryptocurrencies and 100+ perpetual futures contracts with over USD $30B in monthly trading volume. The payments platform can provide fiat and crypto pay-ins and outs, as well as OTC services for over 50 major currencies. Additionally, their enterprise solutions enable businesses to white-label the exchange’s infrastructure, wallets, payment gateways, access liquidity, and more.
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Cryptocurrency
USDC Issuer Circle Aims at $5.65 Billion Valuation in US IPO

Circle, the company behind the world’s second-largest stablecoin (USDC) is reportedly targeting a valuation of $5.65 billion in a US-based initial public offering (IPO).
According to Reuters, Circle will be issuing around 9.6 million shares, while some of its shareholders are looking to offload around 14.4 million shares, priced between $24 and $26 each, in a bid to raise $624 million.
Once the listing completes, Circle will be trading on the New York Stock Exchange (NYSE) carrying the CRCL ticker.
Circle’s Upcoming IPO
As CryptoPotato reported previously, the company filed for an IPO with the US Securities and Exchange Commission (SEC) back in April. Operating the world’s second-largest stablecoin by means of total market capitalization, Circle also posted impressive revenue reports.
The firm posted steadily increasing revenue (up 16% year over year) but decreasing EBITDA (earnings before interest, taxes, depreciation, and amortisation) and net income.
Back then, Circle’s CEO, Jeremy Allaire, said in a letter to investors:
“For Circle, becoming a publicly traded corporation on the NYSE is a continuation of our desire to operate with the greatest transparency and accountability possible,” said Allaire, who added:
“We are building what we believe to be critical infrastructure for the financial system, and we seek to work with leading companies and governments around the world in shaping and building this new internet financial system.”
At the time of this writing, there is no further information on the details of the initial public offering.
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