Things Are Not Calming Down in the Altcoin That Coinbase Delisted Due to Manipulation Claims: "Co-Founder Dismissed!" – Trump Also Invested!

By: bitcoin sistemi|2025/05/02 22:15:01
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The events in the cryptocurrency market are never ending. The latest news at this point came from Movement Labs.Following Coinbase’s delisting decision, Movement Labs announced that it has suspended its co-founder Rushi Manche over the market manipulation scandal. This decision comes just hours after Coinbase announced that it would be suspending MOVE trading starting May 15.Movement Labs, the company behind the MOVE token, has announced that its co-founder Rushi Manche has been suspended from the organization following a market-making scandal.The statement added that the restraining order would remain in effect pending the results of an investigation conducted by third-party organization Groom Lake.“This decision was made in light of ongoing events and the ongoing third-party review by Groom Lake regarding recent events involving corporate governance and the market maker.”The Scandal Was Explained by Binance!The incident was first revealed by Binance, which found that a large portion of the MOVE token was sold by a market maker named Rentech, who claimed to be affiliated with Web3Port. Binance later revealed that the market maker manipulated the price of MOVE.Related News: Attention Investors! Binance Banned This Altcoin's Market Maker! $38 Million Support Came From The Altcoin Team!Binance later said that the MOVE market maker made a net profit of $38 million by selling 66 million MOVE tokens and decided to remove it from the exchange.Following Binance’s move, Movement Labs also took action and hired an auditing firm called Groom Lake to examine the incidents in detail. The company launched an investigation and announced that it will share all findings with the public.MOVE fell more than 20 percent in the last 24 hours to $0.19.We confirm that Rushi Manche has been suspended from Movement Labs. This decision was made in light of ongoing events and as the third-party review is still being conducted by Groom Lake regarding organizational governance and recent incidents involving a market maker.— Movement (@movementlabsxyz) May 2, 2025*This is not investment advice. Continue Reading: Things Are Not Calming Down in the Altcoin That Coinbase Delisted Due to Manipulation Claims: "Co-Founder Dismissed!" – Trump Also Invested!

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On March 4, 2026, DDC Enterprise Limited (NYSE American: DDC) today announced preliminary, unaudited full-year financial performance for the year ended December 31, 2025. The company expects to achieve record revenue and record positive adjusted EBITDA, primarily driven by continued growth in its core consumer food business and overall margin improvement. The final audited financial report is expected to be released in mid-April 2026.


2025 Full-Year Financial Highlights


Revenue: Expected to be between $39 million and $41 million, reaching a new company high.


Organic Growth: Excluding the impact of the company's strategic contraction of its U.S. operations, core revenue is expected to grow 11% to 17% year over year.


Gross Profit Margin: Expected to be between 28% and 30%, reflecting continued operational efficiency improvements.


Adjusted EBITDA: The company expects to achieve a positive full-year result in 2025, a significant improvement from a $3.5 million loss in 2024, mainly due to rigorous cost controls and a higher-margin sales mix.


Core Consumer Food Business Performance


In 2025, DDC's core consumer food business maintained strong operational performance.


The company also disclosed Core Consumer Food Business Adjusted EBITDA, a metric that further excludes costs related to its Bitcoin reserve strategy and non-cash fair value adjustments related to its Bitcoin holdings from adjusted EBITDA to more accurately reflect the core business performance.


In 2025, Core Consumer Food Business Adjusted EBITDA is expected to be between $5.5 million and $6 million.


Bitcoin Reserve Update


In the first half of 2025, DDC initiated a long-term Bitcoin accumulation strategy, holding Bitcoin as its primary reserve asset.


As of December 31, 2025: The company holds 1,183 BTC.


As of February 28, 2026: Holdings increased to 2,118 BTC


Today's additional purchase of 65 BTC brings the company's total holdings to 2,183 BTC


DDC Founder, Chairman, and CEO Norma Chu stated, "We are proud to have closed 2025 with record revenue and positive adjusted EBITDA, demonstrating the steady growth of the company's consumer food business and the ongoing improvement in profitability. We are building a disciplined, growth-oriented food platform and strategically allocating capital to Bitcoin assets with a long-term view, aligning with our core beliefs. We believe that this dual-track model of 'Steady Consumer Business + Strategic Bitcoin Reserve' will help DDC create lasting long-term value for shareholders."


Adjusted EBITDA Definition
For the full year 2025, the company defines "Adjusted EBITDA" (a non-GAAP financial measure) as: Net income / (loss) excluding the following items:· Interest expense· Taxes· Foreign exchange gains/losses· Long-lived asset impairment· Depreciation and amortization· Non-cash fair value changes related to financial instruments (including Bitcoin holdings)· Stock-based compensation


About DDC Enterprise Limited


DDC Enterprise Limited (NYSE: DDC) is actively implementing its corporate Bitcoin Treasury strategy while continuing to strengthen its position as a leading global Asian food platform.


The company has established Bitcoin as a core reserve asset and is executing a prudent, long-oriented accumulation strategy. While expanding its portfolio of food brands, DDC is gradually becoming one of the public company pioneers in integrating Bitcoin into its corporate financial architecture.


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