hodler

2 Jun 2026, 13:40

Movement Relaunches as Layer 1 Blockchain After Token Sell-Off Controversy

BitcoinWorld Movement Relaunches as Layer 1 Blockchain After Token Sell-Off Controversy Movement, the Ethereum Layer 2 blockchain that faced significant controversy over a large-scale token sell-off shortly after its launch last year, has been relaunched as an independent Layer 1 blockchain. The company, now operating under the leadership of new CEO Torab Torabi, is shifting its strategic focus toward providing financial services for emerging markets, with a stated goal of becoming a stablecoin payment solution for the region. Background and Controversy The original Movement Labs project launched its token to considerable market interest. However, shortly after the launch, reports emerged of a substantial token sell-off that drew criticism from early investors and community members. The sell-off raised questions about the project’s long-term viability and governance. In response, the company underwent a significant restructuring, culminating in the acquisition of its core research and development division by Move Industries, a newly formed entity led by Torab Torabi. A New Direction Torabi, who previously handled business development at Movement, now leads Move Industries. In a recent statement to CoinDesk, he emphasized that the company is essentially a fintech firm that utilizes blockchain technology, rather than a traditional crypto company. This distinction is central to the company’s new identity and its pivot toward serving unbanked and underbanked populations in emerging markets. Partnerships and Product Roadmap To execute its new strategy, Move Industries has secured partnerships with several notable players in the digital finance space. These include: Circle : The issuer of the USDC stablecoin, which will likely serve as the primary medium for transactions on the new Layer 1 network. KAST and Sorted : Wallet startups focused on user-friendly digital asset management, crucial for onboarding non-crypto-native users. Oro : A tokenization project that will enable the representation of real-world assets on the blockchain. These partnerships are designed to create a comprehensive ecosystem for stablecoin payments, including issuance, custody, and merchant acceptance. Why This Matters Movement’s relaunch as a Layer 1 blockchain is a notable case study in the crypto industry’s ongoing evolution. It highlights the tension between speculative token launches and the development of real-world financial infrastructure. By positioning itself as a fintech company focused on stablecoin payments for emerging markets, Movement is attempting to distance itself from the volatility and regulatory scrutiny that often accompanies Layer 1 projects. If successful, it could demonstrate a viable path for other projects that have faced similar controversies. However, the company will need to rebuild trust with the broader crypto community and prove that its new focus is sustainable. Conclusion Movement’s transition from a controversial Ethereum Layer 2 to a purpose-built Layer 1 blockchain represents a significant strategic pivot. With a new CEO, a clear focus on stablecoin payments in emerging markets, and a suite of strategic partnerships, the company is attempting to redefine its narrative. The success of this endeavor will depend on execution, regulatory navigation, and the ability to deliver tangible financial services to its target users. FAQs Q1: What was the token sell-off controversy at Movement? A1: Shortly after Movement’s token launch last year, a large-scale sell-off by insiders or early investors occurred, which drew criticism from the community and raised concerns about the project’s governance and commitment to long-term value. Q2: Why did Movement relaunch as a Layer 1 blockchain? A2: The relaunch as a Layer 1 blockchain allows Movement to operate independently of Ethereum and focus on its new mission of providing stablecoin payment solutions specifically for emerging markets. Q3: Who is Torab Torabi? A3: Torab Torabi is the new CEO of Move Industries, the company that acquired Movement’s core R&D division. He previously handled business development at Movement and is now leading the company’s pivot toward fintech services. This post Movement Relaunches as Layer 1 Blockchain After Token Sell-Off Controversy first appeared on BitcoinWorld .

2 Jun 2026, 13:20

Tokenization Will Thrive With or Without the Clarity Act, Says Stellar CEO

BitcoinWorld Tokenization Will Thrive With or Without the Clarity Act, Says Stellar CEO The future of real-world asset tokenization does not depend on the passage of the Clarity Act in the United States, according to Denelle Dixon, CEO of the Stellar Development Foundation (SDF). In a recent interview with CoinDesk, Dixon emphasized that while the proposed legislation could provide regulatory clarity, the industry’s momentum is already being driven by major institutional players. DTCC Partnership Marks a Turning Point Dixon pointed to the recent announcement by the Depository Trust and Clearing Corporation (DTCC) as a pivotal moment. The DTCC, a cornerstone of U.S. financial market infrastructure, revealed plans to tokenize assets from its subsidiary, the Depository Trust Company (DTC), on the Stellar network in collaboration with the SDF. This move, according to Dixon, signals a new phase of institutional acceptance for public blockchains. The decision by the DTCC, which clears the vast majority of securities transactions in the United States, represents a significant vote of confidence in distributed ledger technology. It suggests that traditional finance giants are willing to engage with public blockchains even in the absence of a comprehensive federal regulatory framework. Institutional Adoption Is Already Underway Dixon noted that the tokenization trend is not waiting for legislation. Firms like Franklin Templeton, a global investment manager with over $1.5 trillion in assets under management, have already launched tokenized money market funds on public blockchains. These products are operating within existing regulatory structures, demonstrating that innovation can proceed within current boundaries. The SDF CEO argued that while the Clarity Act would be beneficial—particularly in defining the legal status of digital assets and reducing uncertainty for issuers—it is unlikely that adoption would grind to a halt if the bill fails to pass. Market demand for efficiency, transparency, and 24/7 settlement is driving the shift, not regulatory timelines. Why This Matters for the Broader Market The distinction is important for investors and industry observers. If tokenization’s trajectory is independent of any single piece of legislation, then the asset class represents a structural shift rather than a speculative bet on policy outcomes. This reduces a layer of regulatory risk that has historically weighed on digital asset valuations. Furthermore, Dixon predicted that tokenized assets will not be concentrated on a single blockchain. Instead, she expects distribution across multiple public networks, with different platforms serving different use cases. This multi-chain future suggests that interoperability and settlement finality will become key competitive differentiators for blockchain protocols. Conclusion The message from the Stellar Development Foundation is clear: the tokenization of real-world assets is being driven by institutional demand and practical business cases, not by legislative action. While the Clarity Act could accelerate adoption by removing legal ambiguity, the DTCC partnership and existing products from firms like Franklin Templeton demonstrate that the industry is already building the infrastructure for a tokenized financial system. For market participants, the focus should remain on technological capability and institutional readiness rather than waiting for regulatory clarity. FAQs Q1: What is the Clarity Act? The Clarity Act is a proposed U.S. bill aimed at providing a clear regulatory framework for digital assets, including defining whether tokens are securities or commodities and establishing guidelines for issuers and exchanges. Q2: Why is the DTCC partnership significant for Stellar? The DTCC is a critical piece of U.S. financial market infrastructure. Its decision to tokenize assets on Stellar signals that a major traditional finance institution trusts the network for institutional-grade asset settlement, which could encourage other large firms to follow. Q3: Will all tokenized assets end up on one blockchain? According to Denelle Dixon, no. She expects tokenized assets to be distributed across multiple public blockchains, each optimized for different types of assets, regulatory environments, or settlement requirements. This post Tokenization Will Thrive With or Without the Clarity Act, Says Stellar CEO first appeared on BitcoinWorld .

2 Jun 2026, 13:08

Schwab Plans 2027 Advisor Crypto, Kraken and Ledger Delay IPOs, Movement Pivots to L1

Crypto News Movement, the once-troubled Ethereum scaling project that suffered a token-dumping scandal shortly after launch last year, has rebooted as a standalone Layer 1 blockchain aimed at stabl...

2 Jun 2026, 13:02

This Webinar Proves SWIFT Has Tested XRP and XLM

As financial institutions explore blockchain technology for cross-border payments and digital asset settlement, attention is on the early experiments that helped shape the industry’s understanding of distributed ledger technology. A recent tweet from crypto researcher SMQKE has brought one of those early efforts back into focus, highlighting comments from a SWIFT webinar that confirmed the organization evaluated several blockchain networks, including those associated with XRP and XLM, during its initial research phase. The post has attracted interest among cryptocurrency supporters because it revisits a period when SWIFT, one of the world’s most influential financial messaging networks, was actively examining how emerging blockchain solutions could fit into the future of global payments. Remember: XRP and XLM were already tested. https://t.co/5B5pjYzySJ — SMQKE (@SMQKEDQG) May 31, 2026 SMQKE Highlights SWIFT’s Early Blockchain Experiments Crypto researcher SMQKE shared a clip from a SWIFT webinar on X and wrote, “Remember: XRP and XLM were already tested.” The video included remarks from a SWIFT representative who discussed the organization’s early blockchain research. According to the speaker, approximately 45 to 50 commercial banks participated in discussions examining what blockchain technology could offer the financial sector. The representative explained that SWIFT’s experimentation around 2015 focused on distributed ledger platforms that were available at the time. Those evaluations included Bitcoin , Ethereum, Stellar, Ripple, and several other blockchain-based solutions. The speaker also cited Project Genesis as one of the early initiatives connected to those efforts. What the Testing Signified The webinar comments confirm that technologies linked to XRP and XLM were among the platforms reviewed during SWIFT’s initial efforts to understand distributed ledger technology and its potential applications in financial services. However, the testing should be viewed within the context of research and experimentation rather than deployment. SWIFT examined multiple blockchain networks as part of a broader effort to evaluate the strengths and limitations of emerging technologies. While the comments demonstrate that Ripple-related technology and Stellar were considered during the research phase, they do not indicate that SWIFT adopted either network to replace its existing infrastructure. Community Debate Over Ripple, XRP, and Global Payment Systems The post prompted discussion among community members about the webinar’s significance and the role blockchain technology has played in modern payment systems. One commenter, Luis Fintech, argued that SWIFT’s testing of Ripple and Stellar was “old news,” adding that the United Arab Emirates had already demonstrated the effectiveness of blockchain-based payment infrastructure. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 That assessment is partially supported by developments such as Project Aber and the mBridge initiative, both of which involved distributed ledger technology for cross-border settlements. These projects showed that international transactions could be processed much faster than traditional correspondent banking systems. However, they did not simply replace SWIFT with the public XRP Ledger or Stellar network. Instead, they relied on institution-focused and sovereign digital payment frameworks. For many supporters of XRP and XLM, the webinar serves as confirmation that both ecosystems were part of SWIFT’s early blockchain evaluations, a fact that continues to generate interest as financial institutions expand their exploration of digital asset technologies. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are advised to conduct thorough research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post This Webinar Proves SWIFT Has Tested XRP and XLM appeared first on Times Tabloid .

2 Jun 2026, 13:00

NEAR Protocol gains 11% – Yet here’s ONE warning traders can’t ignore

The $2.8-$3.0 area supply zone was being tested. Will NEAR's short-term bullish momentum overcome the long-term trend?

2 Jun 2026, 13:00

Movement pivots to stablecoin payments as the layer-2 boom loses momentum

The team behind Movement said it plans to leverage licensed payment partners alongside blockchain settlement rails to target the roughly $685 billion remittance market serving low and middle-income countries.