Rex Shares and Osprey Funds have submitted a request to list an ETF based on MOVE, the native token of the Movement network, a new Layer 2 of Ethereum.

A bearish reversal at the nearby resistance zone appeared more likely due to price structure and lack of buying pressure.

While almost the entire crypto market is currently struggling & trading in red Movement Network (Move) token has managed to rise nearly 12% in the past 24 hours. This sudden rally comes as the Movement Network Foundation launched its Movement Public Mainnet Beta, raising investor confidence.

MOVE token gained 5% following ETF filings and the Movement Foundation's mainnet beta launch.

Investment managers Rex Shares and Osprey Funds have submitted an application to launch an exchange-traded fund (ETF) based on Movement, the Ethereum Layer 2 network token. The filing makes it the first ETF associated with the recently decentralized blockchain.

Asset manager REX-Osprey is seeking to launch an exchange-traded fund (ETF) designed to hold the Movement Network's native token, MOVE, according to a March 10 announcement. The filing comes as Movement, a layer-2 (L2) blockchain network, launches its public mainnet beta, Movement said.

Despite the wider crypto market decline, Movement Network's MOVE has surged over 6% today and 14% in a week.

The crypto market faced a challenging week, but the new week brings hope for recovery. Whether this rebound stems from broader market trends or individual network developments remains uncertain.

Rex Shares and Osprey Funds have filed an application to list an exchange-traded fund (ETF) tracking MOVE, the native token of the Ethereum Layer 2 network Movement. The filing comes as Movement prepares for a beta release of its mainnet.

REX Shares and Osprey Funds are expanding their ETF lineup with a new MOVE ETF, offering streamlined exposure to MOVE without the complexities of direct crypto ownership. The filing arrives as interest in crypto-based ETFs continues to grow, positioning MOVE within the evolving investment landscape. The post REX Shares and Osprey Funds File to Launch MOVE ETF appeared first on Cryptonews.

The announcement comes as Movement prepares to launch its mainnet in beta, the latest release for the politically active team.

Investment firms Rex Shares and Osprey Funds have filed with the U.S. Securities and Exchange Commission to launch an exchange-traded fund tracking the price of Movement Network's MOVE token.

The proposed REX-Osprey MOVE ETF would invest at least 80% of its assets in MOVE or related instruments.

MOVE's upside potential remains uncertain due to selling pressure.

MOVE's movement on the chart remains uncertain, but will this change soon?

Movement (MOVE) coin is gaining momentum, testing a key resistance at $0.52. Will it break out and surge toward $0.60, or face a pullback?

The crypto market continued its upward trajectory, with the market cap increasing by over 4% to reclaim the $3 trillion mark. Most cryptocurrencies traded in positive territory, and Bitcoin (BTC) reclaimed the $90,000 level after an increase of nearly 6% over the past 24 hours.

Movement (MOVE) reached its all-time high of $1.45 on December 10, 2024, rising in tandem with the market as bulls dictated pace. However, with top coins slumping to multi-month lows in recent weeks, MOVE bucked the trend to hit an all-time low of $0.37.

Last week's broader market downturn sent many altcoins tumbling, and Movement's native token MOVE was no exception. On Tuesday, the token plunged to an all-time low (ATL) as selling pressure intensified.

After a brief pullback, the crypto markets gain back momentum as the selling pressure over the tokens reduces. While the top altcoins like ETH, SOL, LTC, etc.

Bitcoin Suisse, an institutional-grade crypto services provider, is expanding its digital asset offerings with access to four new tokens.

For most of February, the crypto market trended sideways, but this week, activity has plunged due to the impact of Donald Trump's war trades. The downturn triggered over $800 million in liquidations in the past 24 hours as traders struggled with the volatility.

Optimism (OP) is currently at a critical juncture. After forming a head-and-shoulders pattern, typically a bearish signal, the asset is nearing crucial support levels.

OP faces a crucial test, with bearish momentum growing. However, key indicators suggest a potential breakdown or reversal.

The crypto market experienced a sharp decline over the last 24 hours, with Bitcoin dipping below $87,000 at its lowest point. While some altcoins managed to hold steady, others faced significant drawdowns, reaching new all-time lows and extending investor losses.

Optimism (OP) has emerged as one of the leading Layer-2 scaling solutions designed to address Ethereum's scalability issues. The blockchain protocol has gained significant attention for its ability to process transactions quickly and with minimal gas fees, making it an attractive option for developers and users looking for more efficient alternatives within the crypto space.

Celo, Chainlink, Hyperlane, and Velodrome have announced Super USDT, a new interoperable token for the OP Superchain ecosystem.

Stablecoin interoperability is becoming a major driving force for developers seeking to ease the cost and settlement burden of transactions.

The launch of Super USDT could significantly enhance liquidity and interoperability across blockchain networks, fostering a more unified DeFi ecosystem. The post Chainlink, Hyperlane, and Velodrome launch Super USDT to unify stablecoin liquidity across OP Superchain appeared first on Crypto Briefing.

Optimism (OP) has been gaining momentum in the market, showing promising signs of recovery as it continues to trade within an ascending triangle formation. On-chain data reveals whale accumulation and an increasing open interest, suggesting that a potential breakout is imminent.

Optimism attempts to break out of its ascending triangle formation as whales accumulate in anticipation of a price recovery.

Bitcoin (BTC) has started the week in the red, with the price down over 1% and trading considerably below the $97,000 level at $96,400. The flagship currency dipped to a low of $96,144 before recovering to its current level.

Optimism (OP) is encountering growing signs of weakness, as a bearish technical pattern could signal a significant downturn. While the token is currently trading at $1.16, showing a 3.54% increase in the past 24 hours, there are concerning indicators suggesting that OP might be heading toward a sharp drop, with the $0.30 range potentially acting as the next major support level.

OP faces a bearish breakdown! Could the head-and-shoulders pattern push prices below $0.30?

Bitcoin (BTC) rebounded after dropping to a low of $95,346 late on Thursday to reclaim $97,000. However, price action remains sluggish, and market sentiment is mixed.

A briefly posted then deleted podcast episode featuring crypto influencers discussing the failed HAWK token launch sparked controversy over its release terms and coincided with unexpected price movements in the nearly worthless meme coin.

Optimism (OP), the popular Ethereum Layer-2 scaling solution, has recently raised concerns among investors as a series of technical and on-chain signals point toward potential downside risks. While the cryptocurrency's price recently saw a modest gain, there are mounting signs that a price correction may be on the way.

Optimism (OP) displays significant bearishness after losing 25% and nearly 50% in the past week and month. Furthermore, the charts show OP has formed a head-and-shoulder formation, hinting at impending downward continuation. OP forms a head-and-shoulders pattern Optimism's price performance demonstrates bear dominance, and the emerging head-and-shoulders formation affirms this narrative.

OP's technical and on-chain data point to significant downside risks, indicating a price correction.

Bitcoin (BTC) declined marginally to fall from $99,000 to its current level of $98,100. The flagship cryptocurrency is down over 2% in the past 24 hours as it struggles to build momentum.

Analysts warn of a potential bearish reversal on Optimism's OP price chart, though recovery scenarios remain.

TRON and Movement Labs assert $TRX and $MOVE holdings were acquired via standard market transactions. WLFI holds significant assets, including Ethereum, USDC, Chainlink, AAVE, TRON, and Uniswap.

TRON's TRX is the second largest holding in World Liberty Financial's wallet.

Representatives from TRON and MOVE, two of the protocols whose tokens are being held by the treasury of World Liberty Financial (WLFI), have come out to deny they entered a token swap agreement with the Trump-linked DeFI project. Blockworks first reported that World Liberty Financial has been offering blockchain teams a token swap deal.

A report alleges that projects were pitched on a $10 million - $15 million buy-in on the Trump-backed project.

Bitcoin (BTC) bounced following comments from Federal Reserve Chair Jerome Powell at the FOMC meeting, signaling that banks could serve crypto customers if they comply with risk disclosure requirements. As a result, the crypto market registered notable gains, with BTC up nearly 3% as it crossed the $105,000 mark.

The MOVE token has seen a significant 16% surge in price following a major investment from World Liberty Financial (WLF), signaling growing institutional interest in the token. WLF's acquisition of 2.398 million MOVE tokens for $1.88 million underscores confidence in the token's long-term potential.