Innovative day-one liquidity fuels the latest Move blockchain network launch

GRAND CAYMAN, Cayman Islands, March 10, 2025 /PRNewswire/ — The Movement Network Foundation, the organization dedicated to advancing MoveVM technology, today announced the successful launch of Movement Public Mainnet Beta, with an impressive $250M in at-launch Total Value Locked (TVL) from the Cornucopia program. This milestone enables permissionless smart contract deployment and user onboarding for the first time and allows everyone to freely build on and use Movement, the only Move-based chain that settles to Ethereum.

Cornucopia Deepens Liquidity

“Securing over $233 million in TVL through our Cornucopia program is a clear validation of the market’s confidence in Movement,” said Cooper Scanlon, Co-Founder of Movement Labs. “This level of day-one liquidity is exceptionally rare for a new network and gives us, our builders, and our community a significant advantage. It allows us to skip the months-long bootstrapping phase and immediately provide the foundation needed for meaningful DeFi adoption and utility.”

Cornucopia provides Movement Network with substantial day-one liquidity across BTC, ETH, MOVE, and stablecoin assets, addressing one of the primary challenges new networks face: the “cold start” problem. Developed with industry leaders including Concrete, Veda Labs, Echelon and Canopy, this robust financial foundation enables Movement to support sophisticated DeFi applications from day one.

Public Mainnet Beta Launch: Features

Movement Network is a secure and scalable network of Move-based chains secured by Ethereum, creating safer execution environments through the Move programming language originally developed by Meta to power safer, better digital economies. Movement is the Network’s first chain.

Public Mainnet Beta key features:

• Permissionless smart contract deployment
• Full user onboarding and engagement
• Attestations of block states will be committed to Ethereum as part of the Movement’s Fast Finality Settlement.
• Canonical Movement bridge via LayerZero

“With Public Mainnet Beta, developers can now deploy smart contracts without approval, and users can freely engage with the Movement ecosystem. This marks the beginning of a new chapter for Move-based technology, combining robust security and better performance with Ethereum’s network affects” added Rushi Manche, Co-Founder, Movement Labs.

The launch features the canonical Movement bridge powered by LayerZero, enabling users to seamlessly transfer MOVE (the network’s native gas token), USDT, USDC, wBTC, wETH, and more to the Movement chain.

The Movement Network Foundation will continue to launch additional features over time as the ecosystem evolves.

For more information about Movement Public Mainnet Beta, For more information about Movement’s Developer Mainnet, users can visit movementnetwork.xyz or follow @movementlabsxyz, @movementfdn, @moveecosystem @Move_Collective on Twitter.

About Movement Network Foundation

Movement Network Foundation is the driving force behind the Movement ecosystem, dedicated to fostering innovation and advancing the adoption of MoveVM technology. The foundation oversees the development of Movement Network, a next-gen solution built using MoveVM that settles to Ethereum. Through its MoveDrop program and ecosystem initiatives, the foundation supports developers, projects, and community contributors building decentralized applications. Users can learn more at movementfdn.xyz or follow @movementfdn on X.

MEDIA CONTACT:

Carmen Pearson

Head of PR & Communications

Movement Labs

Carmen.Pearson@MovementLabs.xyz

First Movement ETF Filing Will Provide U.S. Investors with Exposure to Movement Ecosystem

GRAND CAYMAN, Cayman Islands, March 10, 2025 /PRNewswire/ — The Movement Network Foundation, the organization dedicated to advancing MoveVM technology, today announced that REX-Osprey has filed for a new exchange-traded fund (ETF) focused on $MOVE. If approved, this ETF would be the first providing exposure to Movement through traditional financial rails. Simultaneously, the Foundation announced the successful launch of Movement Public Mainnet Beta, with $250M in at-launch Total Value Locked (TVL) from its Cornucopia program.

“This filing represents a historic moment not just for Movement, but for the entire Move landscape,” said Rushi Manche, Co-Founder of Movement Labs. “Breaking the pattern of ETFs limited to long-established cryptocurrencies opens doors for institutional capital to support next-generation blockchain innovation.”

“Traditional investors have expressed keen interest in gaining regulated exposure to emerging blockchain technologies without directly managing tokens,” noted Cooper Scanlon, Co-Founder of Movement Labs. “This ETF represents the convergence of innovative financial products with cutting-edge blockchain architecture.”

ETF Provides Traditional Market Access to $MOVE

The Move programming language, originally developed by Meta, empowers Movement developers to create more efficient, more secure smart contracts. If approved, the ETF would allow investors to gain exposure to Movement through traditional brokerage accounts and retirement vehicles without the technical complexities of direct token management.

Public Mainnet Beta Launches with Substantial Liquidity

Concurrent with the ETF filing announcement, Movement Network Foundation has successfully launched its Public Mainnet Beta with $250M in Total Value Locked (TVL). This day-one liquidity provides the network with immediate utility.

The Public Mainnet Beta enables permissionless smart contract deployment, full user onboarding, and Ethereum settlement. It gives users and builders the full benefits of Move and the MoveVM. Users can access the network through the canonical Movement bridge powered by LayerZero.

For more information about Movement Public Mainnet Beta, users can visit movementnetwork.xyz or follow @movementlabsxyz, @movementfdn, @moveecosystem @Move_Collective on Twitter.

About Movement Network Foundation

Movement Network Foundation is the driving force behind the Movement ecosystem, dedicated to fostering innovation and advancing the adoption of MoveVM technology. The foundation oversees the development of Movement Network, a next-gen solution built using MoveVM that settles to Ethereum. Through its MoveDrop program and ecosystem initiatives, the foundation supports developers, projects, and community contributors building decentralized applications. Users can learn more at movementfdn.xyz or follow @movementfdn on X.

MEDIA CONTACT

Carmen Pearson

Head of PR & Communications

Movement Labs

Carmen.Pearson@MovementLabs.xyz 

VICTORIA, Seychelles, March 7, 2025 /PRNewswire/ — KuCoin, a leading global cryptocurrency exchange, is excited to announce the launch of its brand new KCS Loyalty Level Program. This freshly launched program is designed to enhance the utility of existing and new KCS holders by introducing a tiered loyalty system that rewards users based on their KCS stakings. By joining the program, users are set to unlock premium benefits designed to maximize their trading experiences.

The KCS Loyalty Level Program introduces four distinct tiers: Explorer, Navigator, Voyager, and Pioneer, with benefits accessible starting from staking as little as 1 KCS to unlock the Explorer level. Each subsequent level offers progressively greater benefits, rewarding users for higher levels of engagement with the platform.

Key benefits of the KCS Loyalty Level Program include: increased KCS staking yields, higher additional bonuses for staking rewards, GemPool activities, trading fees discount, rebates of withdrawal fees, KuCard cashback, and increased zero-interest credit limits for new institutional and VIP users.

Exciting Campaign Activities: To celebrate the launch, KuCoin is also rolling out several campaign activities:

• Existing KCS Holder Airdrop: An airdrop for existing KCS holders who meet the set threshold will be automatically granted to their staking accounts.
• New KCS Holder Subscription Contest: New KCS holders that enter the Loyalty Program will be rewarded based on the leaderboard ranking.
• Pioneer Member Additional Bonus: Pioneer-level users can participate in various activities to win prizes, including KCS and trading coupons.

“This new loyalty program underscores our commitment to enhancing user benefits and solidifying the market value of our platform coin,” said Alicia Kao, the Managing Director of KuCoin. “We’re dedicated to providing our users with more ways to benefit from being part of the KuCoin ecosystem, and this loyalty program is poised to transform how our users engage with our platform.”

Participate and jointly redefine the possibilities of KCS ecosystem with more gains and surprises on the way. For more details about the KCS Loyalty Level Program and to engage in the campaign activities, please visit KuCoin’s official website.

About KuCoin 

Founded in 2017, KuCoin is one of the pioneering and most globally recognized technology platforms supporting digital economies, built on a robust foundation of cutting-edge blockchain infrastructure, liquidity solutions, and an exceptional user experience. With a connected user base exceeding 39 million worldwide, KuCoin offers comprehensive digital asset solutions across wallets, trading, wealth management, payments, research, ventures, and AI-powered bots.

KuCoin has garnered accolades such as “Best Crypto Apps & Exchanges” by Forbes and has been recognized among the “Top 50 Global Unicorns” by Hurun in 2024. This recognition reflects its commitment to user-centric principles and core values, which include integrity, accountability, collaboration, and a relentless pursuit of excellence. Learn more: https://www.kucoin.com/.

Disclaimer: This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions or any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances.

DUBAI, UAE, March 6, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is pleased to announce a strong surge in liquidity across its spot market, driven by the introduction of its innovative Retail Price Improvement (RPI) order and close collaboration with institutional liquidity partners. This remarkable growth across multiple trading pairs reaffirms Bybit’s position as a leader in delivering best-in-class trading conditions for retail clients.

According to data collected between February 27 and March 3, 2025, after the implementation of RPI, Bybit has successfully elevated liquidity in key trading pairs:

• BTC/USDT liquidity surged to 1.5 times that of the market leader, establishing Bybit as the #1 exchange for retail liquidity in this pair.
• ETH/USDT liquidity skyrocketed, reaching 5 times that of the market leader, offering some of the most competitive quotes in the industry.
• SOL/USDT liquidity increased to 4.5 times that of the market leader, offering unmatched access to top-tier order book depth.
• Across the top 12 trading pairs, Bybit achieved 3 times the liquidity of the market leader, solidifying its position at the forefront of retail-focused trading.

Retail-Centric Liquidity Innovation: Bybit’s RPI Sets New Industry Benchmark

At the heart of Bybit’s liquidity surge is the recent successful rollout of RPI orders — a pioneering feature that positions Bybit as the first crypto exchange to introduce this retail-friendly liquidity enhancement.

RPI orders are a special type of Maker order, designed specifically to provide liquidity exclusively to retail clients (non-API algorithmic traders). This segmented liquidity pool ensures that retail traders can access deeper order books and more competitive quotes, enhancing their trading experience.

Since the implementation of RPI, Bybit has surpassed the spot liquidity of key competitors across the top 180 trading pairs, delivering near-spread depth improvements across top pairs. This achievement has established a more accessible price environment for retail clients, reinforcing Bybit’s commitment to providing best-in-class liquidity tailored to their needs.

“Our ability to deliver such significant improvements in liquidity underscores the resilience of Bybit’s ecosystem and our relentless commitment to providing retail traders with a world-class trading experience,” said Shunyet Jan, Head of Derivatives and Institutional at Bybit. “The introduction of RPI is a game-changer, setting a new standard for retail-focused liquidity, and we are proud to lead the industry in innovations that directly benefit our community.”

With RPI driving better prices and deeper books for retail clients, and transparency initiatives ensuring real-time visibility into Bybit’s order book strength, Bybit reaffirms its dedication to building the most retail-friendly trading environment in the crypto space.

#Bybit / #TheCryptoArk

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

For more details about Bybit, please visit Bybit Press

For media inquiries, please contact: media@bybit.com

For updates, please follow: Bybit’s Communities and Social Media 

Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube

Dubai, United Arab Emirates, March 6th, 2025, Chainwire

Bybit, the world’s second-largest cryptocurrency exchange by trading volume, becomes the first platform to include USDtb, a blockchain-based USD stablecoin created and managed by Ethena Labs, on its Spot exchange. USDtb combines the liquidity of stablecoins with the security and transparency of institutional-grade U.S. Treasury assets, marking a pivotal innovation in the evolution of digital dollars.

USDtb is backed primarily by BlackRock’s USD Institutional Digital Liquidity Fund Token (BUIDL), which holds 100% of its assets in cash, U.S. Treasury Bills, and other short-term U.S. government obligations. This conservative and transparent backing makes USDtb a compelling option for investors seeking both stability and yield in the digital asset ecosystem.

A New Chapter in Stablecoins

Unlike traditional stablecoins, USDtb blends tokenized U.S. Treasury fund products with a stablecoin reserve, delivering a unique combination of stability, flexibility, and instant liquidity. This next-generation stablecoin enables faster, cheaper transactions compared to traditional banking systems, while offering users stable returns with principal protection — echoing the success of Ethena Labs’ USDe.

Key Timeline

• USDtb Listing on Spot Trading: Mar 4, 2025, 8AM UTC
• USDtb Withdrawals Open: Mar 5, 2025, 8AM UTC
• USDtb 5% Airdrop: 1st Snapshot on Mar 6, 2025
• First Reward Distribution: Before Mar 7, 6AM UTC

Deposits and withdrawals will be available via the ETH network. 

Exclusive 5% APR Boost for Bybit Users

To celebrate the listing, Bybit is offering 5% Annual Percentage Rate (APR) on USDtb holdings for new and existing eligible users with no lock-up requirements. From Mar. 6 to Apr. 4, eligible Bybit users may join the Bybit exclusive event to enjoy the limited-time 5% APR on USDtb holdings, starting at a minimum of 0.00005 USDtb. Holders will continue to enjoy 95% of the yield on Treasury Bills after the 1st month.

Rewards will be distributed in USDtb on a first-come, first-served basis, and capped at a total of 200 million in USDtb tokens. The APR will be gradually decreasing after the cap is reached. However, all USDtb holders on Bybit will continue to earn rewards indefinitely after the promotional period ends.

“By listing USDtb, Bybit is pioneering a new frontier for stablecoins — bridging traditional finance and digital assets with unprecedented transparency and institutional-grade security,” said Jerry Li, Head of Earn & Wealth Management at Bybit. “We are proud to be the first to introduce this innovative asset to our users, expanding their options for both secure savings and dynamic trading opportunities, all while maintaining the seamless experience Bybit is known for.”

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

For more details about Bybit, please visit Bybit Press

For media inquiries, please contact: media@bybit.com 

For updates, please follow: Bybit’s Communities and Social Media

Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube

Contact

Head of PR
Tony Au
Bybit
tony.au@bybit.com

New York, New York, February 26th, 2025, Chainwire

Blockchair, the leading universal blockchain explorer supporting 48 blockchains, announced today the launch of its Stacks Explorer. This addition brings Blockchair’s powerful blockchain search and analytics tools to the Stacks ecosystem, furthering their mission to build a universal explorer for Bitcoin’s ecosystem by incorporating the leading Bitcoin layer-2 solution. Blockchair’s explorer also includes full support for sBTC, the 1:1 programmable Bitcoin asset launched on the Stacks mainnet in December 2024. 

The Stacks Explorer offers deep insights into Stacks’ on-chain activities, including transactions, addresses, smart contracts, and tokens. This development makes it easier for users, developers, and researchers to explore and interact with the network. 

“At Blockchair, our mission is to be the most powerful and versatile Bitcoin explorer on the market, and that goal would be incomplete without embracing emerging Layer 2 solutions,” said Nikita Zhavoronkov, CEO and Lead Developer at Blockchair. “Stacks has been instrumental in extending Bitcoin’s functionality, so launching our Stacks Explorer felt like a natural step in reinforcing the broader Bitcoin ecosystem. We’re excited to bring our advanced search and analytics tools to Stacks users and developers, helping make on-chain data more accessible and fueling further innovation.”

Key features of the Stacks Explorer include:

1. Advanced Search & Analytics: Users can seamlessly explore transactions, addresses, and smart contract data, with new filtering options for more granular searches.
2. Developer & User-Friendly Features: The explorer provides access to powerful APIs (LLM API, JSON API, WebSocket API, Clickhouse API), data dumps, interactive charts, AI Assistant support, Smart-Search, PDF receipts, and wallet statements.
3. Comprehensive Address & Token Insights: A detailed overview of Stacks-native assets and activity, including full support for sBTC transactions and holdings.
4. Full Support for the Nakamoto Upgrade: Ensuring compatibility with the latest advancements in Stacks, including the 100% Bitcoin finality feature.
5. Privacy-Focused Experience: Blockchair prioritizes user privacy, offering a tracker-free experience.

By providing a dedicated explorer on Blockchair with enhanced search capabilities, Blockchair is supporting the evolution of Bitcoin’s programmability. This launch provides transparency and accessibility, particularly with the inclusion of sBTC data. The explorer supports developers with better data tools for building dApps and smart contracts, enables users to track Stacks-based DeFi solutions more efficiently, and encourages more adoption of Bitcoin L2 solutions by making them easier to explore and understand.

Blockchair’s support for Stacks and its assets, especially sBTC, contributes to the visibility and accessibility of Bitcoin Layer 2 solutions. Blockchair’s support for sBTC is expected to drive further innovation and adoption in the Bitcoin ecosystem, particularly as sBTC moves towards full functionality with withdrawals expected in March 2025. 

The Stacks Explorer is currently available, ensuring users have the most up-to-date and comprehensive view of the Stacks ecosystem and its sBTC integration.

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About Blockchair

Founded in 2017, Blockchair has become one of the most trusted and leading universal blockchain explorers, attracting millions of monthly visitors. We provide deep, transparent insights across 48 blockchains in 21 languages, with plans for continuous expansion in the future. Blockchair prioritizes user privacy and does not gather any user data, ensuring a safe and private browsing experience. Whether you’re a developer, researcher, or an everyday user, our Smart Search, analytics, and API tools make exploring blockchain data secure, efficient, and accessible. In addition to our search engine, Blockchair provides a suite of products designed to enhance the user experience. These include our AI-based News Aggregator, Blockchair Awesome (a Web3 catalog of services), PDF receipts, and more, all aimed at making blockchain data even more accessible and useful.

About Stacks

Stacks, the leading Bitcoin L2, enables smart contracts and decentralized applications to use Bitcoin as a secure base layer. The Nakamoto release, activated on October 29, 2024, brought faster speeds and transactions that are as irreversible as Bitcoin’s once confirmed. This set the stage for sBTC, a programmable Bitcoin asset, which launched on December 17, 2024. Stacks is the current leading Bitcoin L2 by developer traction and market cap and is helping unlock Bitcoin and its $1T in passive capital as a fully programmable, productive asset. The Stacks (STX) token, used as gas on the L2, was the first to undergo an SEC-qualified sale in the United States. The project explicitly decentralized with the mainnet launch in 2021. In the Stacks ecosystem, there are currently 30+ contributing entities including a non-profit Stacks Foundation, a developer tooling company Hiro, Xverse, Trust Machines, Mechanism, Bitcoin L2 Labs, ALEX, Bitcoin Frontier Fund, and more.

Contact

Claire Topalian
press@stacks.org