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Movement Labs Files for Bankruptcy

The MOVE token is trading more than 99% below its all-time high of $1.45 and hit an all-time low barely two days ago. Movement Labs has filed for Chapter 11 insolvency protection in the U.S. Bankruptcy Court of Delaware. This follows months of controversy and a token scandal that left the network dealing with…

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950K Contacts Back CLARITY Act as Coinbase CEO Says Bill Is Ready for Full Senate Vote

Key Takeaways Stand With Crypto said its members have contacted lawmakers 950,000 times in support of the CLARITY Act. Brian Armstrong said the bill could reach the full Senate floor within weeks. The legislation would clarify federal oversight of digital assets, add consumer safeguards, and impose ethics restrictions on senior federal officials and members of…

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SoundCloud acquires decentralized music platform Nina Protocol months after its shutdown

SoundCloud announced Wednesday that it has acquired Nina Protocol, a decentralized music platform that enabled independent artists to sell music directly to fans while keeping 100% of their revenue. The financial terms of the deal weren’t disclosed. It’s also unclear whether any members of Nina’s team will join SoundCloud. The company has not yet responded…

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Is Ethereum Poised for a Major Rally?

An ascent to $2,400 or crash to $1,000: what comes next for ETH? The second-largest cryptocurrency has staged a minor resurgence in the past few days, yet certain bullish signals suggest it could be on the verge of a further rally. Analysts speculate that the price may soon surpass $2,300, while others warn that…

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