ChainCatcher news, Matrixport released today's chart stating that Ethereum co-founder Vitalik Buterin recently expressed that Ethereum will develop towards a more streamlined and robust direction. - Drawing on Bitcoin's minimalist philosophy in core protocol design. He advocates for simplifying the key code of the consensus layer and enhancing the scalability of layer two networks through more mature zero-knowledge proofs (ZK) and optimistic rollup technologies.The Pectra upgrade, set to launch on May 7, integrates the "Prague" and "Electra" upgrade plans, including 11 Ethereum Improvement Proposals (EIPs), focusing on enhancing the network's scalability, security, and user experience. Key upgrades include: introducing account abstraction mechanisms (EIP-7702), increasing the validator cap (EIP-7251), and doubling the data block (Blob) throughput (EIP-7691) to reduce Layer 2 transaction costs. Despite some issues during the early stages of the testnet, Pectra is still seen as a crucial step in Ethereum's development journey.

ChainCatcher news, according to official sources, Move Industries today announced the formation of a new leadership team by early employees of Movement Labs, with @torabyou serving as CEO and Ecosystem Architect, and @livingwithwill as President and Chief Marketing Officer. The new team will focus on improving governance transparency, strengthening audit mechanisms, and centering on technology and community building. The company will soon launch projects such as MoveDrop and Parthenon, along with significant technical upgrades.Previous news, Movement Labs announced the dismissal of Rushi Manche from his position.

ChainCatcher message, according to Binance's announcement, the additional holder airdrop of Movement (MOVE) originally scheduled for December 2024 will be postponed due to recent turmoil in the project, with the specific distribution time pending further clarification from the project team. Binance stated that it will temporarily hold the airdrop tokens and will publicly disclose the wallet address to ensure transparency.

ChainCatcher news, Movement Network Foundation announced that it has just transferred 500 million MOVE tokens to Binance for the second quarter Launchpool.

ChainCatcher news, according to an update released by the Movement Network Foundation, the foundation currently holds 8.15 billion MOVE. No one from Movement Labs, including those under investigation or suspected of misconduct, is authorized to transfer the foundation's funds. The transfer of funds must receive multi-signature approval from the foundation. Until recent events become clearer, fund management will be subject to stricter scrutiny.

ChainCatcher news, according to token unlocking data from the crypto asset data platform RootData, Movement (MOVE) will unlock approximately 50 million tokens at 11:00 AM Beijing time on May 9, worth about 10.17 million USD.

ChainCatcher news, according to the official announcement, Coinbase will suspend trading of the Movement (MOVE) token around 2 AM on May 16 (UTC+8). The MOVE order book has currently been adjusted to limit order mode, allowing users to place and cancel orders, and orders may be matched for execution.

ChainCatcher news, Movement Labs is investigating whether it was misled into signing a market-making agreement that granted an unknown intermediary control over 66 million MOVE tokens, leading to a $38 million sell-off after the token's debut.Rentech appeared on both sides of the transaction, once as a subsidiary of Web3Port and once as an agent for the Movement Foundation. Foundation officials initially referred to the Rentech deal as "possibly the worst agreement" they had seen, which incentivized people to inflate the price of MOVE before dumping tokens to retail investors.

ChainCatcher news, according to official sources, 740 million MOVE tokens have been returned to the foundation wallet for the preparation of MoveDrop. These tokens were previously allocated for the initial L1 phase of MoveDrop. The team stated that the Movement part of MoveDrop is nearing completion.

ChainCatcher news, the Movement Foundation officially announces the launch of the DeFi Spring program today, which will last for one year and provide up to 250 million MOVE as incentives.The DeFi Spring program is divided into two parts: the first part is liquidity incentives based on Move, where users can earn incentives by trading or providing liquidity on Dapps such as Arche Protocol, Canopy, Echelon, Joule Finance, LayerBank, Meridian, mirage protocol, Mosaic, Movedrome, MovePosition, PicWe, Pontem Lumio, Route-X, and YUZU.This part of the incentives is now live; the second part is the re-deposit incentives for Cornucopia assets, which will open in the coming days after the Cornucopia assets are unlocked.

ChainCatcher news, top trader Eugene Ng Ah Sio posted on his personal channel, "I have closed the Bitcoin short position opened this morning at the breakeven point. The market is showing strong momentum again, actually continuing to recover the previous trading range. I have to confront my bearish bias, especially during the tariff panic, as altcoins seem to have bottomed out. I am currently in a contradictory state: logically, I believe there is a lack of momentum for further increases, but the price action continues to negate this judgment. Ultimately, I need to face this deeply rooted bearish tendency."Trader Eugene stated around 1 AM today, "I have re-established the BTC short position, the strategy is simple and direct. Entering at $85,400, with a target price below $80,000."

ChainCatcher message, along with Trump's tariff suspension policy, the current MOVE index has quickly fallen back to 128.83, below the key threshold of 140.Arthur Hayes stated that this validates the effectiveness of the MOVE index. "We will be back soon. Enjoy while the party still lasts. Next time, BTC may not be the first to follow stocks into trouble, but rather continue to amplify."

ChainCatcher message, data shows that the bond volatility MOVE index has reached 139.8.According to previous news, Arthur Hayes stated that if the MOVE index breaks 140, the Federal Reserve may restart quantitative easing.