This week, bitcoin climbed steadily to reach nearly $100K, amid hopes for a China-U.S. trade and better macroeconomic conditions ahead.
Institutions like Mastercard and BlackRock made important digital asset announcements.
An historic stablecoin bill neared completion in the U.S. Congress. (A former prime-mover in the House said to expect a “wicked hot summer” of legislation.)
And the Trump Family continued to dominate the crypto news cycle, raising serious conflict-of-interest questions.
At CoinDesk, however, the biggest story concerned Movement, a once-hot startup that now seems deeply troubled.
Deputy managing editor Sam Kessler published an eye-opening scoop showing that Movement Labs may have been misled into signing a market-making agreement that granted a middleman control over 66 million MOVE tokens. That deal was said to have triggered a $38 million selloff, which dumped on retail investors who had faithfully bought in. The story was especially resonant as Movement is back
We współpracy z: https://www.coindesk.com/news-analysis/2025/05/02/coindesk-recap-movements-very-bad-week
