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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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Philippines SEC warns on dYdX, six other unauthorized crypto platforms

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Promoters of flagged platforms may face fines of up to 5 million Philippine pesos ($89,000) or up to 21 years in prison under Philippine securities law.

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Scammers demand crypto from stranded ships in Strait of Hormuz: Report

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Shipping companies stranded near the Strait of Hormuz are reportedly being targeted by scammers posing as Iranian authorities, demanding Bitcoin or USDt for “safe passage.”

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Bitcoin risks losing $70K as Strategy’s STRC slips below $100

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