Business

In brief Movement Labs has fired co-founder Rushi Manche after a 66 million MOVE token dump triggered a governance crisis. New entity Move Industries now leads the project with Torab Torabi as CEO and Will Gaines as President. MOVE is trading at $0.1606, down over 34% this week following the fallout. Ethereum layer-2 startup Movement […]

In brief DeFi Development Corp. added more than 80,000 SOL in its latest purchase, valued at $11.2 million. The company now owns more than 400,000 SOL in total, valued around $58 million. On Monday, the firm announced it had acquired an unnamed Solana validator business. Publicly traded AI-powered real estate software company DeFi Development Corp.

In brief The UK has no plans to launch a national digital asset reserve, according to the Economic Secretary for the Treasury. Emma Reynolds MP said that following the U.S. government’s lead in stockpiling Bitcoin is “not the plan for us.” Reynolds noted that the UK has formed a “senior official level working group” with

In brief OpenAI will convert its for-profit arm into a public benefit company, removing a cap on investor returns. The nonprofit will retain control, limiting CEO Sam Altman’s authority under an independent board. Microsoft, OpenAI’s largest investor, has not yet approved the restructuring and is still negotiating terms. OpenAI is removing limits on how much

In brief Riot Platforms sold 475 Bitcoin for $38.8 million in April to fund operations and avoid equity dilution. The sale follows Bitcoin’s April 2024 halving, which cut miner rewards by 50% and drove a 13% drop in Riot’s monthly production. Rising network difficulty and sub-ATH prices continue to squeeze miner margins, prompting broader industry

In brief -Semler Scientific bought 167 Bitcoins worth $16.2 million between April 30 and May 2.  -The purchase marks its third Bitcoin buy worth more than $10 million in 10 days.  -The company, which began buying Bitcoin last year, is ramping up its strategy to amass tokens for its BTC treasury.  Semler Scientific snapped up

In brief Strategy unveiled its second-smallest Bitcoin purchase of 2025 The firm bought 1,895 Bitcoin, growing its stash by 0.3%. Bernstein and Benchmark reiterated positive ratings last week. Strategy, formerly known as MicroStrategy, acquired 1,895 Bitcoin worth $180 million last week, capping off a $21 billion at-the-money equity offering program unveiled in October, according to

U.S.-based Bitcoin ETFs attracted over $1.8 billion in inflows last week, extending a positive run that began on April 17, according to data from CoinGlass. Thursday and Friday were particularly successful for Bitcoin ETFs, with the two days bringing in $423 million and $675 million, respectively. Friday’s total was the seventh-highest of the year, while