MOVE Surges 6% Amid Movement Mainnet and Rex ETF Filing
Even though the cryptocurrency market has declined, the movement network’s move soared 6% today and 14% in a week.
The bullish momentum comes after the release of Maint Mainnet Beta and Fresh ETF filings for Rex Stock and Osprey Fund.
Sports Network’s main network beta is online
The mainnet has become operate On March 10, UTC at 15:00, a key bridging mechanism powered by the LayerZero is provided. Users can now move Move, USDT, USDC and other assets, WBTCthen weth Sports blockchain.
The launch provides over $233 million in liquidity through the Collet Collecopia program, including BTC, ETH and MOVE. With this launch, developers and users can interact with the network freely for the first time.
Mobile was originally developed The plan was abandoned in 2022 as part of Facebook’s digital currency program.
Since then, programming languages have been used in 1-layer projects Sui and Aptos, while Sports Labs has expanded it to create Layer 2 based on Ethereum.
REX shares files of mobile ETF with SEC
On the same day as Mainnet’s release, investment firms Rex Stock and Osprey Funds proposed ETFs that introduce ETFs to track mobile prices.
Before, Rex Stock has sought ETF approval for various crypto assetsincluding meme tokens like Trump, Bunker and Morality.
The filing is because the SEC appears to be turning to more pro-Leputo and has removed the securities status of many assets. Previously, the committee announced Don’t think meme coins are securities.
In addition, under the new leadership, the regulatory body has Several lawsuits and investigations have been dismissed Coinbase, Kraken, Robinhood and other companies. These positive developments are affecting more AltCoin ETF Application.
With these positive developments, Move has now exceeded its market capitalization of $1.2 billion. Today, Altcoin’s trading volume has also soared by more than 40%.
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