The leading cryptocurrency exchange has offboarded an unidentified market maker that failed to comply with the platform’s rules a few months ago.

According to Binance, the market maker associated with the interoperable application blockchain Movement dumped millions of the network’s native token, MOVE, within 24 hours of its listing on the crypto exchange on December 9. The massive sales earned the market maker approximately $38 million in profits in Tether (USDT).

Binance Offboards Market Maker

Binance revealed that the market maker had little buy-side support, so its profits were at the expense of users.

Notably, this unnamed entity is tied to another market maker that Binance has banned for misconduct. This one engaged in improper conduct after Binance listed GPS, the native asset of the decentralized security layer GoPlus Security, and SHELL, the native token of the artificial intelligence consumer project MyShell. Binance offboarded the market maker and confiscated its proceeds to compensate GPS and SHELL users.

After Binance discovered the 66 million MOVE dump, it similarly offboarded the market maker on March 18, forbidding the firm from any further activities on the exchange. The latest announcement is just to inform the crypto community of the situation. The crypto exchange has forbidden the entity from engaging in market-making activities on the platform.

Binance has also informed the Movement Labs and Movement Network Foundation, entities fostering development in the Movement ecosystem, about the incident. The crypto exchange will use frozen proceeds from the market maker’s misconduct to compensate MOVE users.

Movement Network Foundation Takes Action

In a blog post, the Movement Foundation disclosed that it was unaware of the incident with the market maker until Binance brought its attention to an investigation into the firm’s practices. The foundation said it has cut ties with the market maker, informed other exchanges, and recovered the funds with a plan to buy back MOVE on public markets.

The Movement Foundation will use the cash proceeds recovered from the market maker to establish the Movement Strategic Reserve, facilitating the $38 million USDT buyback program geared toward returning the USDT liquidity to the ecosystem.

“In our commitment to transparency and community, purchases of $MOVE using the 38M $USDT recovered from the market maker will occur on Binance over the next three months,” the foundation added.

Meanwhile, MOVE reacted to the news, jumping almost 6% in the past 24 hours, per data from CoinMarketCap.

If you’ve been looking for a way to capitalize on Bitcoin’s growth without buying BTC directly, this might be your shot.

The BTC Bull Token (BTCBULL) ICO has just passed $4 million – and some analysts expect it to pump.

Bitcoin Rewards, Staking, and Token Burns – A Look Inside BTCBULL’s Ecosystem

What is BTCBULL, and why are crypto influencers like ClayBro so hyped about it?

Simply put, it’s a meme coin with a real use case.

It’s directly linked to Bitcoin’s price – BTCBULL has an entire rewards system built around Bitcoin hitting specific milestones.

Think of it as a way to gain indirect exposure to BTC’s price action.

It works like this: when Bitcoin hits a big price target, like $200,000, BTCBULL holders get airdrops of actual Bitcoin.

Plus, token burns are planned at other price milestones, making BTCBULL scarcer over time.

And there’s more – you can even stake your BTCBULL tokens while the ICO is ongoing for 104% APY.

Over one billion tokens have been locked up so far.

It’s a trifecta of potential gains: price appreciation, Bitcoin airdrops, and regular staking rewards.

There’s nothing else like it on the market, and that’s why BTC Bull Token’s X (Twitter) page has grown to over 7,400 followers already.

How to Buy BTCBULL Before It Hits Exchanges

But how do you get in on the action?

Currently, BTCBULL is still in its ICO phase, and it’s already raised over $4 million – which shows just how much early interest there is.

Investors can secure tokens for $0.00243 each using ETH, USDT, BNB, or even a regular bank card through the Best Wallet app.

Since staking rewards are already live, they can earn passive income before BTCBULL hits the open market.

As for tokenomics, things are straightforward.

BTCBULL’s supply is capped at 21 billion tokens – a nod to Bitcoin’s total supply.

A 40% chunk will go to PR and marketing, 15% for milestone burns, 10% each for staking rewards, airdrops, and exchange liquidity, and the final 15% for the “Bull Fund” to help development.

Coinsult and SolidProof have also audited BTCBULL to confirm that there are no code vulnerabilities.

They also confirmed that the team cannot mint new tokens.

That’s a big deal since many meme coin projects fail because developers can just create more tokens, tanking the price for everyone else.

Can BTCBULL Explode After Listing? Exploring the Token’s Potential

If Bitcoin keeps climbing to $150,000 (and potentially beyond), BTCBULL is positioned to benefit massively.

The airdrops will become a lot more enticing as Bitcoin’s price rises.

And thanks to the token burns, a smaller BTCBULL supply means the remaining tokens might become more valuable.

Beyond the built-in mechanics, there’s the potential for major CEX listings after the initial DEX launch.

That could make BTCBULL more accessible to a broad audience of investors.

Plus, with over a third of the supply set aside for marketing, a well-timed campaign could send BTC Bull Token soaring.

Some YouTubers, like Crypto Scholar, even think the token could pump.

Of course, that’s just his opinion, but it shows the level of confidence that industry experts have in BTCBULL.

There isn`t often so much buzz around a meme coin before it even launches, making BTC Bull Token one to keep an eye on in 2025.

Visit BTC Bull Token ICO

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World Liberty Financial (WLFI) – the DeFi venture backed by US President Donald Trump – has launched a stablecoin called USD1.

Pegged to the US dollar, the token is designed to function as a digital asset equivalent to the dollar and is currently available on both Ethereum and Binance’s BNB blockchains.

WLFI’s USD1 Stablecoin

Although the cryptocurrency went live in early March, World Liberty Financial has not issued an official announcement regarding its launch.

Changpeng ‘CZ’ Zhao, the former CEO of Binance, was among the first to publicly share the news by posting a link to the token on social media, where it was subsequently acknowledged by WLFI’s official X channel. However, the project warned that USD1 is “not currently tradable” and urged the community to be aware of scams.

The launch of the USD1 stablecoin on the BNB Chain came days after reports suggested the Trump family held talks with Binance about acquiring a stake in the exchange and possibly granting CZ a presidential pardon. However, Zhao quickly denied these claims and argued that no discussions about a business deal had taken place between the crypto exchange and the Trump family.

He also criticized the Wall Street Journal article, claiming it was an attack on both President Trump and the crypto industry, and attributed the report to ongoing efforts from the previous administration to undermine the crypto sector.

Stablecoin Regulation With GENIUS

The launch of USD1 also comes at a time when the US Congress is evaluating legislation that could impact the future of stablecoins in the country. Specifically, the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act, which has already cleared the Senate Banking Committee, may soon be taken up for a full vote. Industry experts speculate that the bill could be on President Trump’s desk by June.

This could have significant implications for projects like USD1, as regulators look into the potential for stablecoins to integrate more fully into the financial system.

As of now, the USD1 token has a total supply of over $3.5 million, and WLFI has completed two successful public token sales, raising a total of $550 million. Despite this, much about the venture remains shrouded in secrecy.