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Coinbase suspends trading for MOVE token

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Crypto exchange Coinbase has announced it will suspend trading of Movement Labs’ native token effective May 15.

The decision was shared in a May 1 post on X, with Coinbase citing the token’s failure to meet its listing standards. According to CoinMarketCap, the MOVE token declined by 13.6% in the last 24 hours. Coinbase announced:

“Trading for MOVE will be suspended on Coinbase, Simple and Advanced Trade, Coinbase Exchange, and Coinbase Prime. We have moved our MOVE order books to limit-only mode. Limit orders can be placed and canceled, and matches may occur.”

The trading suspension follows an ongoing investigation into Movement Labs over an agreement that allegedly influenced the MOVE token price.

Source: Coinbase

This is a developing story, and further information will be added as it becomes available.

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Solana shows resilience, but some areas need continued observation, Fidelity says

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Solana has had no reported mainnet outages in two years, but concentrations in stake, hosting and client software should be monitored, according to a report.

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Circle’s Allaire says stablecoin issuer looking to enter 40 developing markets: Report

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Markets in Southeast Asia, Latin America, Africa and the Middle East see increasing demand for stablecoins.

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Coin Market

Lagarde says euro-area economy is resilient, digital euro imminent

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“The digital euro will further stimulate innovation and competition in retail payments,” according to the ECB president.

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