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.

ChainCatcher message, Arthur Hayes stated that investors who want to predict when the Federal Reserve will restart easing should pay attention to the bond market volatility indicator, the MOVE index. When the MOVE rises, traders financing the purchase of U.S. Treasuries or corporate bonds will face higher margin requirements and may be forced to liquidate their positions. He indicated that once the MOVE breaks 140, the Federal Reserve may intervene in the market.

ChainCatcher news, next week 37 tokens will have a one-time unlock, among which APT, MOVE, MOCA, and XTER will unlock a value of over 10 million dollars.APT will unlock over 10.93 million tokens on April 12, with a value of approximately 52.41 million dollars, accounting for 1.09% of the circulating supply;MOVE will unlock over 50 million tokens on April 9, with a value of 18.69 million dollars, accounting for 0.5% of the circulating supply;MOCA will unlock over 178 million tokens on April 11, with a value of 13.84 million dollars, accounting for 2.01% of the circulating supply;XTER will unlock over 40.04 million tokens on April 8, with a value of 11.37 million dollars, accounting for 4% of the circulating supply;The highest unlock value is APT, reaching 52.41 million dollars. Additionally, APT has dropped 10.17% in the past 7 days.

ChainCatcher news, according to Flipside data, in the past two weeks, the native stablecoin WEUSD of the Movement public chain has seen active interactions, with over 10% of on-chain addresses participating in Mint, and the total transaction volume exceeding $2.5 million.The Movement public chain aims to bridge the Move and EVM ecosystems. Its native protocol PicWe serves as an on-chain liquidity infrastructure, dedicated to building a liquidity port that connects the Move and Ethereum ecosystems.It is reported that WEUSD is a decentralized full-chain settlement layer stablecoin launched by PicWe, which is a core component of its liquidity settlement system. Unlike traditional cross-chain bridges, PicWe's goal is to reconstruct cross-chain logic and build a "full-chain" liquidity system covering multiple ecosystems, enhancing the usability and liquidity of Move assets in a multi-chain environment.

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 April 9, with a value of about 20.47 million USD.

ChainCatcher message, regarding the multiple abnormal crashes of Memes, Wintermute founder and CEO Evgeny Gaevoy added on X: "We reacted only after the movement and arbitraged the AMM pools."

ChainCatcher news, according to Cointelegraph, Fidelity Digital Assets has questioned the view that "Bitcoin has reached a cycle peak" in its latest report, suggesting that Bitcoin may be on the brink of the next "acceleration phase."Fidelity analyst Zack Wainwright pointed out that a typical characteristic of Bitcoin's acceleration phase is "high volatility and high returns," similar to the market performance when BTC broke through $20,000 in December 2020. Although Bitcoin's year-to-date return is -11.44%, having retraced nearly 25% from its historical high, Wainwright believes that the recent performance aligns with the average retracement seen after acceleration phases in previous cycles.Wainwright believes that Bitcoin is currently still in the acceleration phase but is nearing the end of the cycle, having lasted 232 days as of March 3. Historical data shows that the acceleration phases in 2010-2011, 2015, and 2017 peaked on the 244th day, 261st day, and 280th day respectively, with each cycle lasting longer. However, historically, acceleration phases usually feature two major upward waves, with the first wave occurring after the election this time. If it can break through the previous high again, the starting point for the second major upward wave may be around $110,000.

ChainCatcher message, according to Onchain Lens monitoring, Movement deposited 17.15 million MOVE to Coinbase in the past 10 minutes, approximately 7.74 million USD. In the past 2 days, they have sent a total of 24.15 million MOVE to Coinbase, approximately 11.03 million USD.

ChainCatcher news, according to Jinshi reports, starting today (March 30), multiple countries in Europe will begin implementing daylight saving time, which means that the trading hours of financial markets in Europe will be one hour earlier than standard time; starting next Monday, European stock trading hours will be from 15:00 to 23:30 Beijing time; the release times of economic data in various European countries will also be one hour earlier than standard time.