Movement (MOVE) Takes Crypto World by Storm with $7.7 Billion Valuation and Major Exchange Backing

New Layer-2 Project Movement (MOVE) Debuts with Strong Support

The Daily Hodl reports that a new Ethereum-based layer-2 project, known as Movement (MOVE), has launched with an impressive fully diluted valuation of over $7.7 billion. This debut is bolstered by support from major crypto exchanges like Binance and Upbit. MOVE's trading pairs include MOVE/BTC, MOVE/USDT, among others, and it carries a 'seed' tag on Binance due to its lower liquidity which may lead to higher volatility.

Korean exchange Upbit also supports the trading of MOVE tokens. The project's market cap stands at $1.7 billion, making it the 86th largest cryptocurrency currently available for trade. Venture capitalist Chris Burniske highlights Move’s potential in developing ecosystems such as Aptos and Sui.

Binance Yet to Decide on Global Headquarters Location

According to Reuters, Binance CEO Teng states that the company is still deliberating where to establish its global headquarters. Key factors influencing this decision are tax considerations and the ability to attract talent globally. Additionally, there is anticipation around how U.S.-led changes in crypto regulations might impact these plans.

This comes amidst broader discussions about regulatory frameworks worldwide following significant developments within the industry including Bitcoin reaching unprecedented price levels recently.

Russian Crypto Exchange CEO Arrested in Poland

A report from crypto.news reveals that Dmitriv Vasiliev, former head of Russian cryptocurrency exchange WEX was arrested by Polish authorities under charges related to fraud and money laundering activities linked back several years ago when he managed one of Russia's biggest platforms before its collapse six years prior.

The arrest follows international warrants issued against him; notably Warsaw District Prosecutors Office ordered his extradition process towards facing trial across borders specifically targeting financial crimes committed through digital currencies.

Cryptocurrencies Worth Watching: Ether Leads Market Optimism

An article from Quartzy discusses various cryptocurrencies gaining traction amid Bitcoin surpassing $100K mark, creating optimism throughout the sector. Notable coins worth tracking in the week ahead include Ether, BNB, Tron, and Uniswap, each exhibiting unique characteristics that contribute to their respective growth trajectories and are further fueled by ongoing investment interest.

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Article Summary

The new Ethereum-based layer-2 project Movement (MOVE) launched with a valuation of over $7.7 billion, supported by major exchanges like Binance and Upbit, while Binance is still deciding on its global headquarters location amidst regulatory considerations. Additionally, the former CEO of Russian crypto exchange WEX was arrested in Poland for fraud-related charges, and cryptocurrencies such as Ether are gaining traction following Bitcoin's price surge past $100K.