Despite the broader decrease in the cryptocurrency market, the Movement Network movement has increased more than 6% today and 14% in a week.
The bullish impulse follows the launch of the Beta Mainnet of Movement and the new ETF presentations of the REX actions and the Fisherman Eagles funds.
Movementa Movementa Network goes live
The Netnet Main became operational on March 10 at 3:00 p.m. UTC, offering a key bridge mechanism promoted by Layerzero. Users can now move active such as Move, USDT, USDC, WBTC and Weth to the movement block chain.
The launch brings more than $ 233 million in liquidity to the network, including BTC, ETH and Move, obtained the cornucopia program of the movement. With this deployment, developers and users can interact with the network freely for the first time.
Move originally developed as part of the Facebook digital currency initiative, which was abandoned in 2022.
Since then, programming language has been used for layer 1 projects such as sui and suitable, while Movement Labs has extended it to create a layer 2 based on Ethereum.
Rex shares the file for an ETF movement with sec
The same day of the Mainnet launch, Rex Investment Companies Actions and Fundament Funds have presented to introduce an ETF that tracks the price of movement.
Previously, Rex Shares has sought ETF approval for several cryptographic assets, including memes tokens such as Trump, Bonk and Doge.
The presentations occur when the SEC is apparently turning more pro-Christo and eliminating the state of values ​​for many assets. Previously, the commission announced that it does not consider meme coins as values.
In addition, under the new leadership, the regulator has dismissed several demands and research that involves companies such as Coinbase, Kraken, Robinhood and more. These positive developments are influencing more ETF Altcoins applications.
With these positive developments, Move has now crossed $ 1.2 billion in market capitalization. Altcoin’s commercial volume has also increased by more than 40% today.
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