“The Market is Reacting Positively to Movement’s Pledge to Do A 38 Million Token Buack to Create a Movement Strategic Reserve.”, – WRITE: www.coindesk.com
(Coindesk)
MOVE IS OUTPORFORMING OF THE COINDESK 20 (CD20), A Measure of the Performance of the Largest Digital Assets, Which Is Trading Flat. Market Majors Like Bitcoin (BTC) and Ether (ETH) Are Both Up Less than 1%.
In a Mark 24 Blog Post, Movement Explained It Was Creating the “Strategic Reserve” Because they wanted to proactiely rectify the disruption caused by the Illicit Action of a Markots. Obligations by conducting One-Sided Market-Making Activities and Profiting $ 38 Million Without Properly Providing Liquidity.
“All Cash Proceeds Recovered from the Market Maker Will Be Used by The Movement Network Foundation to Establish The MOVEMENT STRATEgic Reserve: A 38M $ USDT BUYBACK PURCHAS Return The USDT Liquidity to the Movement Ecosystom, ”Movement Said in A Post.
As Coindesk Previoously Reported, Crypto Exchange Binance Removed The Market Maker Because It Was Plating Substantialial Sell Orders Without Meaningful Buyalas, Violating The Exchanging Fig. Provision.
Binance SAID IN A POST THAT MAKET MAKERS MUST Place BalanCed Bid -Ask Orders, Have Sufficient Market Depth, Stable Spreads, and CAIFIOFIED AGAINST Disruptive High-Freques
“Any Project-Authorized Market Makers Who Do not Comply with or Breach Such Principles and Rules, Binance Will Take Further Actions Against Suchers Makers to BESTERTTETETTETETE.
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