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A whale deposited 2 million USDC into Hyperliquid and shorted Bitcoin worth $33.24 million.
4m ago
Ethereum shows a historic rebound signal after a fourth-quarter plunge; the upward trend may continue into the first half of 2026.
8m ago
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2026 starts with this post!Gate 2025 Year-End Gala Square TOP50 List Announced!
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Movement Labs investigates the controversy surrounding the market-making protocol involving 66 million MOVE tokens.
According to the Gate.io News bot and CoinDesk, Movement Labs is investigating a market-making protocol. The protocol grants control over 66 million MOVE tokens to an undisclosed identification middleman, resulting in a $38 million dumping during the token’s initial trading.
The investigation shows that Rentech participated in the trading as an agent of the Web3Port subsidiary and the Movement Foundation. Foundation officials previously commented on the protocol: “this is probably the worst agreement we’ve ever seen”. The protocol designed a mechanism to inflate the MOVE price before dumping the Token to retail investors.
Source: CoinDesk