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Movement Network Foundation Announces Launch of Movement Mainnet Beta and $MOVE Token Generation Event

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GRAND CAYMAN, Cayman Islands, Dec. 9, 2024 /PRNewswire/ — The Movement Network Foundation, the organization dedicated to fostering innovation and advancing the adoption of MoveVM technology, today announced the successful launch of Movement Labs‘ Movement Mainnet Beta and the Token Generation Event (TGE) of $MOVE, marking a significant milestone for the first Move-based blockchain that settles to Ethereum.

The launch of Mainnet Beta represents the first phase of Movement’s production infrastructure. During this phase, infrastructure providers can deploy essential network components including follower nodes, RPC nodes, and indexers. Network operators will focus on two critical tasks: ensuring the network properly synchronizes and validating security measures. This managed launch environment sets the foundation for Movement’s innovative “postconfirmations,” which achieve transaction finality in as little as one second — dramatically faster than existing ethereum scaling solutions that can take minutes or even day.

Movement Foundation is launching the $MOVE token, via its MoveDrop program, distributing up to 1 billion $MOVE tokens (10% of maximum supply) to its community. The MoveDrop rewards meaningful participation and genuine technical contributions. The program is designed to build a community-driven network where token holders can actively participate in securing the network’s infrastructure and governance, reflecting Movement’s commitment to sustainable ecosystem development.

Unlike next-gen Layer 1 blockchains that operate in isolation—Movement introduces a solution designed to enhance Ethereum’s possibilities. Movement directly integrates with Ethereum, leveraging its robust network effects and security while simultaneously expanding the pool of secure and innovative applications. Through Movement, all Move developers inherently become Ethereum developers.

“What sets Movement apart is our vision for true utility on Ethereum,” said Rushi Manche, Co-founder of Movement Labs. “By bringing the Move language to EVM, we’re not just creating another L2, we’re building a bridge that transforms every Move developer into an Ethereum developer, dramatically expanding the ecosystem’s potential.” 

At the core of Movement’s appeal is the Move programming language, developed for Meta’s Diem project and celebrated for its enhanced safety and expressiveness. Move’s resource-oriented programming model aims to ensure secure and bug-resistant smart contract development — eliminating over 90% of auditor-prioritized attack vectors.

“Movement’s strength lies in our vibrant community of over 800 builders and 840+ contributors who have been with us on this journey,” said Cooper Scanlon, Co-founder of Movement Labs. “Mainnet Beta launch and MoveDrop are about empowering developers and users to shape the future of Ethereum scaling. Whether you’re building on the Movement Network, testing new protocols, creating content, or participating in governance, there’s a place for everyone in our ecosystem.”

To celebrate this milestone, Movement Network Foundation also announced its first-ever NFT initiative – a community-driven competition to create the official commemorative artwork for the Mainnet Beta launch.

“Our community has been essential in building the Movement, so it’s only fitting they should create the artwork that commemorates this historic moment,” added Scanlon. “This genesis NFT will be a testament to the creative power of our ecosystem.” The winning design will be minted as Movement’s first NFT, with the top three submissions receiving $1,000 prizes.

Learn more about Movement Labs and its Mainnet Beta at visit movementnetwork.xyz or follow @movementlabsxyz, @movementfdn and @Move_Collective on Twitter.

About Movement Labs
Movement Labs develops the Movement Network, an ecosystem of Modular Move-Based Blockchains. The company is creating the first Move Virtual Machine L2 for Ethereum, along with open-source tools to promote Move adoption across blockchains. Their platform enables developers to launch high-performance Move VM rollups easily, bridging Move and EVM ecosystems. Through the Move Collective, their accelerator program, Movement Labs has cultivated over 12 innovative projects and teams, fostering a growing ecosystem of Move-based applications. Backed by $38 million in Series A funding, Movement Labs is advancing Move-based technologies and blockchain interoperability in Web3.

Follow Movement Labs on X and on Discord for updates.

About Movement Network Foundation
Movement Network Foundation is the driving force behind the Movement ecosystem, dedicated to fostering innovation and advancing the adoption of MoveVM technology. The foundation oversees the development of Movement Network, a cutting-edge Layer 2 solution built using MoveVM that settles to Ethereum. Through its MoveDrop program and ecosystem initiatives, the foundation supports developers, projects, and community contributors building the next generation of decentralized applications. Learn more at movementfdn.xyz or follow @movementfdn on X.

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View original content:https://www.prnewswire.co.uk/news-releases/movement-network-foundation-announces-launch-of-movement-mainnet-beta-and-move-token-generation-event-302325526.html

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STEPHEN A. SMITH ADDRESSES WHITE HOUSE DINNER ATTENDANCE, REAFFIRMS COMMITMENT TO HBCUs AND PROTECTING CORPORATE INVESTMENT IN BLACK EDUCATION

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October 24, 2026

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NEW YORK, Oct. 23, 2026 /PRNewswire/ — Stephen A. Smith, media mogul, New York Times bestselling author, and proud 1991 graduate of Winston-Salem State University, is addressing the public discussion surrounding his decision to attend a White House dinner with President Donald Trump, emphasizing his commitment to the long-term financial stability of Historically Black Colleges and Universities (HBCUs).

For Smith, the decision was rooted in a commitment to institutions that have educated generations of Black leaders, professionals, entrepreneurs, and public servants.

“I will always advocate for HBCUs and the students whose futures depend on them,” Smith said. “My reason for attending the White House dinner was to discuss the challenges these institutions face in securing long-term funding and to make the case that corporate America must continue to invest in them.”

Smith acknowledged federal support through the FUTURE Act while expressing concern that political tensions surrounding diversity, equity, and inclusion (DEI) could discourage private companies from supporting HBCUs. He maintains that these institutions deserve sustained corporate partnerships, philanthropic contributions, and public investment.

“If we truly believe in free-market capitalism, businesses should be able to support educational institutions and charitable causes without fear of criticism or repercussions,” Smith said. “HBCUs have made extraordinary contributions to this country. They deserve sustained public and private investment.”

Ashley Christopher, Esq., Founder and CEO of the HBCU Week Foundation, recognized Smith’s advocacy and decision to engage with the administration.

“Stephen A. Smith has been a powerful advocate for HBCUs, using his platform and influence to shine a national spotlight on our institutions,” expressed Christopher, “His continued support of HBCU Week helps advance our mission of connecting students with life-changing educational opportunities, and we are proud to have him as our ambassador.”

Since Smith became an HBCU Week Ambassador in 2019, the initiative has facilitated more than 15,000 on-the-spot college acceptances and raised and awarded more than $150 million in scholarships, according to the HBCU Week Foundation.

As public discussion continues, Smith is emphasizing the importance of ensuring HBCUs have the resources and partnerships needed to educate future generations and expand opportunities for students.

CLICK HERE to watch Smith’s full response to his White House visit.

MEDIA CONTACT:

media@mrsasinc.com

View original content:https://www.prnewswire.com/news-releases/stephen-a-smith-addresses-white-house-dinner-attendance-reaffirms-commitment-to-hbcus-and-protecting-corporate-investment-in-black-education-302918547.html

SOURCE Straight Shooter Media

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Advantex Announces Completion of Financing and Extension of Maturity Date of Previously Issued Debentures

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36 seconds ago

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October 24, 2026

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TORONTO, Oct. 23, 2026 /CNW/ — Advantex Marketing International Inc. (CSE: ADX) (“Advantex”), a leader in the merchant cash advance and loyalty marketing products for merchants, today announced the completion of a $250,000 secured debt financing. Advantex issued a $250,000 non-convertible debenture which bears an interest rate at 12% per annum and matures December 15, 2027. The proceeds raised from this issuance of the Debenture will be used for working capital purposes.

Advantex has also extended the maturity of its existing $700,000 in 12% secured debentures from October 10, 2026 to December 15, 2027.

About Advantex Marketing International Inc.

Advantex provides working capital to merchants. Advantex also provides specialized marketing programs that enable members of Aeroplan to earn Aeroplan points at participating merchants.

Advantex shares trade on the Canadian Securities Exchange under the symbol ADX. For more information go to Advantex’s profile on www.sedar.com

Forward-Looking Information

This news release contains “forward-looking statements” within the meaning of applicable securities laws relating to the future business and operations of Advantex. Actual results and developments may differ materially from those contemplated by these statements. The business and operations of Advantex described herein is dependent on a number of factors and is subject to a number of risks and uncertainties. Factors that could cause actual results to differ material include, but are not limited to, changes in Advantex’s economic and competitive conditions including but not limited to the industry sectors in which Advantex operates.

The statements in this news release are made of the date of this release. Forward-looking statements are made based on management’s beliefs, estimates and opinions on the date the statements are made and Advantex undertakes no obligation to update forward-looking statements if these beliefs, estimates and opinions or other circumstances should change, except as required by applicable law.

SOURCE Advantex Marketing International Inc.

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Club Offers for Travel Enthusiasts in Canada

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1 hour ago

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October 23, 2026

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TORONTO, Oct 23, 2026 /PRNewswire/ — Travelzoo® (NASDAQ: TZOO), the club for travel enthusiasts, announces three of many new Club Offers for Club Members in Canada.

Rigorously vetted and negotiated for us travel enthusiasts:

$799—COSTA RICA WEEK WITH FLIGHTS & CAR
We think fall is an ideal time to visit Costa Rica; the scenery is lush and the crowds are gone. Drive between volcanic Arenal and the idyllic beaches of Tamarindo on this seven-night trip. Since it’s not as busy, we were able to negotiate a price that saves members up to $648 on departures through mid-December.

$899—BARCELONA: 5 NIGHTS WITH FLIGHTS
Explore Barcelona’s world-class museums and architectural masterpieces in the quieter winter months to pack more into your trip. You won’t waste hours in lines and can access top restaurants that are fully booked in summer. We save $300 on travel this January and February, when temperatures are still spring-like. Roundtrip flights from Toronto, hotel and daily breakfast are included.

$999—ST. KITTS GETAWAY FOR 2, REG. $2083
Most visitors to St. Kitts book months in advance, but when we pointed out that travel enthusiasts are more spontaneous, this resort gave us a terrific rate for stays this November and December. Spend four nights in Frigate Bay and get an upgraded Oceanview room, too.

Are you a travel enthusiast? Join the club today: https://travelzoo.com

Who are we?
We, Travelzoo®, are the club for travel enthusiasts. We reach 30 million travellers. Club Members receive Club Offers negotiated and rigorously vetted by our deal experts around the globe. Our relationships with thousands of top travel companies give us access to irresistible deals. Our club and its benefits are built around the lifestyle of a modern travel enthusiast.

Media Contact: 
Amanda Ieraci – Toronto
+1 437 866 8540
aieraci@travelzoo.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/club-offers-for-travel-enthusiasts-in-canada-302918543.html

SOURCE Travelzoo

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