movement

The famous trader and chart analyst Peter Brandt, who successfully predicted the Bitcoin crash in 2018, released a technical chart for XMR (Monero), indicating that the current Monero pattern is very similar to the pattern of silver before it surged to $125, potentially brewing a similar large-scale upward trend.In the monthly chart of XMR he published, after a long period of consolidation, the price repeatedly tests/breaks through the key resistance (approximately in the 500--600 range), and the moving average structure is also starting to strengthen.

According to monitoring by Lookonchain, a Bitcoin wallet allegedly belonging to Irish drug dealer Clifton Collins transferred 500 BTC to Coinbase Prime after being dormant for over 10 years, valued at approximately 41.52 million USD.Clifton Collins was previously reported to have lost his private key and is unable to access approximately 6000 BTC he holds. It is currently unclear the reason for the transfer and whether the private key has been recovered.

According to market news, a U.S. court has officially approved the settlement between Movement Labs, the original founders, and the Movement Foundation, further resolving the previous legal disputes.In 2025, Movement faced controversy due to the market-making arrangements for the MOVE token, which subsequently led to personnel changes and disputes within the team.

ITC Crypto founder Benjamin Cowen published a post questioning the bearish outlook for Bitcoin in Q4, stating that from a technical perspective, the current market trend is favorable for bulls. Currently, the price of BTC is less than 1% away from the May peak, making it difficult to draw conclusions about the future market before entering the fourth quarter.

Goldman Sachs Global Investment Research Department's South Korea stock analyst Chris Cha stated in a report on September 23 that KOSPI has the conditions for a short-term tactical breakout, but the continuous flow of liquidity from South Korean retail investors into the cryptocurrency market will make the index's subsequent upward movement more reliant on foreign capital and local institutions reconfiguring. The report noted that concerns about the Federal Reserve's interest rates have been partially digested by the market, and risk appetite has shifted towards proxy AI themes.The report pointed out that South Korean memory chips provide fundamental support, with fourth-quarter DRAM contract prices expected to grow double digits quarter-on-quarter, and the ramp-up of HBM4 capacity will continue to limit the supply of standard server DRAM. Samsung Electronics' large shareholder returns, continuous buying by institutions, and foreign capital turning into net buying may drive KOSPI towards the resistance zone of 7000 to 7200 points.The report also indicated that the capacity of local South Korean retail investors to absorb has weakened. After Bitcoin returned to $85,000, cryptocurrency trading in South Korea has heated up. According to DefiLlama data cited in the report, Upbit's single-day spot trading volume on June 13 was approximately $770 million, which rose to $1.817 billion on September 22, an increase of about 136%. Based on the total trading volume of $3.27 billion on that day across South Korea's five major trading platforms, Upbit alone accounted for over half. Goldman Sachs believes this will make KOSPI more reliant on foreign and institutional buying in the future, and October is a critical window to test whether foreign capital will continue to increase its investment in South Korean semiconductor and AI assets.

Bitcoin on-chain analyst Willy Woo stated that this round of movement seems to have room for growth in the next 2-4 weeks, after which it will enter an overbought phase and need to cool down.He also mentioned that from the end of August to mid-September, the oscillation indicator showed cooling while prices remained strong, indicating that buying demand overcame short-term profit takers.

CoinShares Research Director James Butterfill stated that Bitcoin is currently facing an "unusual combination"—short-term bearish and medium-term bullish factors are present at the same time.In the short term, the U.S. core CPI rose 0.3% month-on-month in August, higher than market expectations. Butterfill said, "The CPI data is marginally negative, increasing the probability of monetary policy tightening, which may limit Bitcoin's immediate upside potential." CME FedWatch data showed that market bets on the Federal Reserve's next rate hike reached as high as 85%.In the medium term, he pointed out that the U.S. Treasury's expanded bond buyback program has failed to effectively lower long-term yields. If this situation continues, it may force authorities to implement larger intervention measures, raising concerns about currency depreciation, which would instead benefit Bitcoin and gold valuations. CoinShares believes that Bitcoin's short-term upside may be limited to below $80,000.

The decentralized oracle protocol Switchboard tweeted that there were reports last night about a possible intrusion on the Switchboard network implemented in the Move language. Contributors have coordinated with relevant teams and security organizations to suspend the Switchboard network on Aptos, Sui, Iota, and Movement.Although there have not been similar reports of an intrusion on the Solana implementation, users are advised to migrate to other alternatives at least temporarily as a precaution, while the issue is under investigation. More details will be announced later.

BitMEX co-founder Arthur Hayes stated that Bitcoin has been hovering around $80,000 for most of this week, which may cause Strategy's Bitcoin strategy to lose its operational basis. Strategy currently holds 840,447 Bitcoins and needs to pay approximately $1.5 billion in dividends for STRK and STRC each year.The enterprise value mNAV of digital asset treasury company Strategy is approximately 1.01 times, with the underlying mNAV and diluted mNAV being approximately 0.73 times and 0.74 times, respectively, as of August 27, which is close to the book value of its held Bitcoins. Arthur Hayes pointed out that Michael Saylor can choose to issue new shares, directly sell Bitcoins, or cut preferred stock dividends. The dividend yield for STRK is 8%, while the dividend yield for STRC is between 10% and 11.5%.

After the trade negotiations between Canada and the United States broke down, negative sentiment among Canadians towards the U.S. has intensified, and the movement to boycott American goods has resurfaced. The U.S. imposed a 50% tariff on $20 billion worth of Canadian goods, and Canada announced that it would impose equivalent retaliatory tariffs on the U.S. starting September 8.Surveys show that 52% of Canadians are unlikely to buy American cars, 60% will not buy American alcohol, and over 70% will not buy American eggs and dairy products.

Data released by HODL15Capital shows that sell orders for Bitcoin around the price of $80,000 mainly come from the Binance trading platform. Among them, Binance has approximately $31.98 million in sell orders near $79,945, about $13.2 million in sell orders near $80,000, and around $33.27 million in sell orders near $82,500; Coinbase has about $38.74 million in sell orders near $80,000.HODL15Capital analysis indicates that some of these sell orders have been posted for a long time, for example, the sell orders near $80,000 on Binance have been around for about 99 days, and the sell orders near $82,500 have been around for about 108 days. Therefore, it is believed that the current sell wall may not be as strong as it appears, and it will be necessary to wait until BTC gets closer to $80,000 to confirm whether these orders are genuinely intended for sale or if they will continue to move the sell orders higher.

Renowned trader Doctor Profit posted that a historical indicator for Bitcoin is signaling that "the bottom has either formed or is very close." In 2015, 2019, and 2022, the bear market bottom formation phase began when the realized price of holders for 3 to 6 months fell below the realized price of holders for 1 to 2 years. He believes this indicates that newer buyers are capitulating and selling at a loss, with Bitcoin gradually transferring to longer-term holders.Currently, this crossover is appearing for the fourth time, while the BTC price is below the average cost of both categories of holders. However, historically, this signal does not immediately lead to a reversal; Bitcoin typically experiences several months of sideways movement to complete the bottoming process, so this phase can also be seen as a long-term accumulation range. He believes we are currently in the bottom formation and long-term accumulation phase of the bear market. Doctor Profit stated that over the past few weeks, he has been gradually buying BTC in batches within the range of $54,000 to $64,000, continuing to build his position incrementally with 5% of his portfolio each time.

CryptoQuant analyst Darkfost stated that the Bitcoin funding rate is showing typical signals before the significant increases in September 2024 and December 2022, indicating that pessimism may have recently peaked.From March to May, Bitcoin corrected over 50%, and the accumulation of short positions pushed the funding rate down to negative values. Subsequently, BTC rebounded to $82,000 in May. This signal has appeared again, potentially leaving room for a bullish reconstruction in the coming months. This indicator has been transformed into a monthly sentiment aggregation tool, which is more effective than the Fear and Greed Index.

According to The Block, Movement's original core development company Movement Labs (MVMT) applied for Chapter 11 bankruptcy protection in a bankruptcy court in Delaware, USA, earlier this month.According to documents submitted on July 15, the company reported assets between $100,000 and $500,000, with liabilities reaching up to $10 million, listing nearly 299 creditors, among which the largest unsecured claim is over $1.6 million from the ousted co-founder Rushikesh Manche. Manche retains a 34.25% equity stake and has previously filed a lawsuit regarding legal fees related to the Department of Justice grand jury investigation into the MOVE token issuance scandal, which was supported.The company was the core developer of the Ethereum Layer 2 network Movement Network and completed a $38 million Series A financing led by Polychain. In December 2024, the MOVE token issuance crisis was triggered by a market maker sell-off, leading to Manche's dismissal after an internal investigation, and core development work has since been transferred to Move Industries.

Bitget launches a U.S. stock earnings report guessing event, which will run from July 21 to mid to late August. During the event, users can complete stock spot (rToken) or stock derivatives trading tasks to obtain guessing tickets and participate in the U.S. stock earnings report rise and fall guessing. The guessing results will be determined by comparing the "closing price on the first trading day after the earnings report is released" with the "closing price on the last trading day before the earnings report is released."The event will gradually open different guessing sessions based on the U.S. stock earnings report release times, with the first batch covering targets such as Tesla, Google, and Intel. The total prize pool for each session is 10,000 USDT, with the winning and losing prize pools split at a ratio of 70% to 30%, and an individual can win up to 1,000 USDT per session. For more details, please refer to the Bitget official platform.

According to Arkham monitoring, SpaceX marked an address for the first time in 6 months with an on-chain Bitcoin transfer. Data shows that a wallet controlled by SpaceX sent a small BTC test transaction to a wallet controlled by another company.Arkham stated that such small test transfers sometimes occur before companies make larger-scale treasury asset movements, but it does not necessarily indicate that a large transfer will follow. Currently, there are no signs that SpaceX has begun to adjust its Bitcoin reserves.

According to on-chain analyst ZachXBT, an address related to the $575 million Hashflare investment scam (0xff57...5d22) has transferred 10,600 ETH (approximately $18.5 million) about 3 hours ago after being dormant for 3.5 years.The two Estonian founders of the case, Sergei Potapenko and Ivan Turogin, pleaded guilty in 2025 and forfeited approximately $450 million in assets to the U.S. government. The transferred funds were then laundered through HiFiSwap and Near Intents, crossing from Ethereum to Bitcoin, using two instant exchange platforms. The fund flow addresses include 0xc82f...9d04 and 0x3297...2527.

The Ethereum Layer 2 project Movement, which fell into controversy shortly after its launch last year, is seeking transformation. Move Industries' new CEO Torab Torabi stated that Movement has been repositioned as an independent Layer 1 blockchain, aiming to become the settlement infrastructure for stablecoins in emerging markets.Move Industries announced on Tuesday that over the past few months, the company has gained access to a compliant payment network covering the United States, Canada, and the European Union by collaborating with regulated remittance institutions and electronic money institutions, laying the foundation for stablecoin payments and cross-border settlement operations. According to the announcement, the company has currently established partnerships with stablecoin issuer Circle, wallet project KAST, and Sorted, as well as tokenization projects Oro, Yuzu Money, and Zoth.In addition, Avant Protocol has chosen Movement Network as the infrastructure platform for its revenue and fund management products, further expanding Movement's application scenarios in the fields of stablecoins and real-world assets (RWA).

Chainalysis posted on the X platform that before the theft of THORChain, wallets suspected to be associated with the attacker had been transferring funds through Monero, Hyperliquid, and THORChain for several weeks. The attacker-associated wallets had already deposited into Hyperliquid positions via the Hyperliquid and Monero privacy bridge as early as the end of April. The funds were then exchanged for USDC and transferred to Arbitrum, and later bridged to Ethereum, with some ETH subsequently transferred to THORChain to become staked RUNE for newly added nodes, which are believed to be the source of the attack.Afterward, the attacker bridged some RUNE back to Ethereum and split it into four pathways, one of which went directly to the attacker. After being transferred through intermediate wallets, 8 ETH was sent to the final wallet receiving the stolen funds 43 minutes before the attack. The funds from the other three pathways flowed in the opposite direction. These wallets bridged ETH back to Arbitrum, deposited it into Hyperliquid, and transferred it into Monero through the same privacy bridge, with the last transaction occurring less than 5 hours before the attack began.As of Friday afternoon, the stolen funds have not yet been used, but the attacker has demonstrated their skilled cross-chain money laundering capabilities, and the Hyperliquid to Monero path may become the next move.