Movement Collapses: $141M Raised, Near-Zero Revenue, Now Bankrupt

According to DeFiLlama, since November last year, daily app revenue on the Movement chain has consistently stayed below $800. On-chain daily fees have hovered in the single digits for months, with just $1 recorded in the past 24 hours. Despite this, Movement has raised a total of $141.4 million in funding. Its token currently has a FDV of $107 million, representing a drop of over 99% from its ATH. The project’s developer, Movement Labs, has now filed for bankruptcy. — link

🚨 42dao exploited for ~$912K.

The attacker exploited an abnormal BTCB oracle price update, allowing multiple BTCB vault liquidations in a single transaction.

Root cause:
→ Missing oracle price deviation checks
→ No liquidation delay or minimum price protection

Attacker: 0x9d8dd9f2d734675e2bfcc142d1c7a45609ca213c

Interact on X

I still see #GoldTrading aligning with the MMXM model again.

https://s3.tradingview.com/snapshots/t/tpnUBIpM.png

Tether’s assets include U.S. government bonds, gold, BTC, loans, and other investments.
Although Tether’s gold reserves are larger than those of many countries, its primary reserve is U.S. government bonds.

Looking at this chart along with other assets on Tether’s balance sheet, it’s clear that Tether is no longer just an ordinary crypto company — it now operates much like a bank.

https://x.com/IGWTreport/status/2079597267124936798?s=20

#ETH is up nearly 23% this quarter.

That's more than double its normal Q3 gain of around 9%.

At first, this looks very bullish.

But remember, ETH had a terrible start to the year. It fell 29% in Q1 and another 25% in Q2.

So this strong move could simply be ETH recovering after a big drop.

Many people think money is now moving from Bitcoin to Ethereum.

But the data still shows big investors are mostly buying BTC, not ETH.

Until that changes, this looks more like a recovery bounce than the start of a new long-term trend.

Oil is trading higher after the U.S. carried out strikes on Iran for an 11th consecutive night.

#BTC was rejected near the $66.5K resistance zone and is now pulling back.

The chart is forming a rising wedge, a pattern that often becomes bearish if support breaks.

The key support to watch is $64K–$64.5K.
Holding that level could lead to another test of $66.5K, with $68K as the next target.

A break below the wedge could send BTC toward the $61K–$62K support zone.

As long as the wedge support holds, the current uptrend remains intact.

$930M poured into Bitcoin ETFs in just 6 days 👀

First 6-day inflow streak in 3 months.

Looks like the tide has turned. 🚀

🔴 ⚠️ BREAKING: Trump on Truth Social: From this point forward, any time the Islamic Republic of Iran shoots at a ship in the Strait of Hormuz, the US will bomb one bridge or or power plant.

⚠️ BLOCKAID'S EXPLOIT DETECTION SYSTEM HAS IDENTIFIED A USDC BRIDGE POSSIBLE EXPLOIT ON ARBITRUM: INFINITYHEDGE

PeckShield: We detected an abnormal bridge withdrawal that extracted ~$24.15M USDC from an Arbitrum USDC custody bridge contract. The on-chain bridge logic was not bypassed; the malicious withdrawal was authorized by a quorum of hot-validator signatures and then finalized after the dispute period.

#gold 📉

Bank of America's technical strategists predict significant further declines in gold prices 📉, drawing parallels to past bear markets in 1980 and 2011. They suggest a tiered buying strategy 💰, advising full allocation only if prices drop to the $3,450–$3,250 range. 📉 Identifying bearish signals ⚠️, including a death cross formation and elevated net-long positioning, they argue the current correction is too brief relative to the prior uptrend. 📉 Historical trends indicate potential downside risks, with targets around $3,315 and $3,702. A near-term bounce may occur 🔄 before a more substantial decline is expected. 📉

A mysterious whale bought 27,000 $ETH ($52.03M) via Galaxy Digital OTC 4 hours ago after 3 months of inactivity.

https://arkm.com/explorer/address/0x8c585dFECE9d68a09f6a17B46c686E7a126A04b1

₩160 trillion ($109.08 billion) has been added to South Korean stock market today as KOSPI surges 2.91%.

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#SPACEX $SPCX may drop below $100 soon!

https://s3.tradingview.com/snapshots/t/Ti69DGcp.png

Dydx Long

Lev - 5x

Entry 1 -  $0.1267 (50%)

Entry 2 -  $0.118 (50%)

Targets  - $0.134 - 0.142 - 0.16 - 0.18

Stoploss - $0.108

Gold, 4H chart:

Price has broken out clean from the downward trend we've been seeing the last few weeks.

I'm watching for a pullback, with a long bias!

If I choose to take a position, I will share the trade alert in our VIP group.

Gold is looking blue!

🚨 The hacker behind the $𝟮𝟴𝟱𝗠 𝗗𝗿𝗶𝗳𝘁 𝗣𝗿𝗼𝘁𝗼𝗰𝗼𝗹 𝗲𝘅𝗽𝗹𝗼𝗶𝘁 has begun laundering stolen funds through TornadoCash — 𝟱,𝟴𝟬𝟬 𝗘𝗧𝗛 (~$𝟭𝟭.𝟭𝟰𝗠) moved in the first 20 minutes.