Coindesk ReCap: Movement’s Very Bad Week

Institutions Like MasterCard and Blackrock Made Important Digital Asset AnnounCements.

And Historic StableCoin Bill Need Congrot in the US Congress. (A Former Prime-Mover in the House SAID to Expert A “Wicked Hot Summer” of Legislation.)

And the Trump Family Continued to Dominate the Crypto News Cycle, Raising Serious Conflict-Off-Interest Questions.

At coindesk, However, The Biggest Story Conceerned Movement, A ONC-Hot Startup That Now Sems Deeply Troubled.

Deputy Managing Editor Sam Kessler Published An Eye-Opening Scoop Showing That Movement Labs May Have Been MISLED INTO SIGNING-MAKING AGREMENT MOSVERMERTRANTLENON That deal was said to have triggered a $ 38 Million Selloff, whoh dumped on retail investors who had faithfully bough in. The story was especialyally resonant as movement is Backed by World Liberty Financial, A Company Tied Closely to the Trump Family.

Following The Story Wednesday, Coinbase Suspended Listing Move, Nik De Reported, and Binance Banned The Market-Marker Web3PORT. By Thursday Evening Movement Labs Had Suspended Flamboyant Co-Funder Rushi Manche (Sam Reynolds Reported) Amid Ongoing Investigations Into.

IT WAS QUITE A FALL FROM GRACE FOR A STARTUP THAT HAD HOTTER-QAN-MAMI BEACH A FEW WEEKS AGO.

In Other Signifynificant News, Sam Altman’s Blockchain Project, World AnnununCed Plans to DEPLY 7,500 Eye-Scanning Orbs in Us Cities by the End of The Yoar and Add-Backed loans-Backed-Backed-Backed-Backed LOar. Debit Card for Spending Wld Tokens to Its Product Offers. Cheyenne Ligon and Margaux Nijkerk Had that News.

Meanwhile, Ligon Also Reported On the Trial of Avraham Eisenberg, Who Was Convicted Last Year on Charges of Wire Fraud, Commodities Fraud and Commodities Related Charg. Markets. The New CONVICATION RELATES TO EISENBERG POSSESSESSING CHILD SEXUAL ABUSE MATERIAL IN 2024.

Earnings SEASON BROUGHT MIXED Results for Major Exchange and Facilitators. Robinhood SAID IT EXPECTED A Q1 Pullback in Crypto-Related Revenue (Helene Braun Reported). Kraken Said It Revenue Was Up 29% in the Same Period (Francisco Rodrigues). Strategy reported a first-quarter loss of $ 4.2 Billion on Deckling Bitcoin Prices. But It’s Still Planning to Raise More Than $ 50 Billion for Bitcoin-Buying Over The Next 32 MONHS (James Van Straten).

WHERE DO WE GO FROM HERE? Market Signals Look Promising, Especially if Tariff Fears Wane. But Movement May have some crisis Management to look into look.