In crypto news today: Crypto market is green today Movement Labs Announces Move Industries, Terminates Co-Founder Rushi Manche AltNovel and 3iQ Launch the Middle East’s First Multi-Strategy Digital Assets Fund Ledger Expands Integration with Transak Off-Ramp __________ Crypto market is green today The market has finally turned green. The global cryptocurrency market capitalization has increased by 0.6% over the past 24 hours, currently standing at $3.1 trillion. At the time of writing, the daily crypto trading volume is $88.8 billion, slightly higher than what we’ve been seeing lately. In a sharp contrast to yesterday’s situation, all the top 10 coins are green today. The highest increase is recorded by Cardano (ADA) , followed by Dogecoin (DOGE) . They are up 4.1% and 4% to $0.6857 and $0.1737, respectively. The lowest increase is Tron (TRX)’s 0.4% to $0.2459. At the same time, Bitcoin (BTC) is up 3%, currently trading at $96,993, while Ethereum (ETH) rose 2.7%, now changing hands at $1,843. As for the top 100 coins per market cap, only eight are red today. Virtuals Protocol (VIRTUAL) fell 14% to $1.42, while Fartcoin (FARTCOIN) is down 6.5% to $1.03. The day’s best performer is Litecoin (LTC) , having increased by 13% to $92.79. Stacks (STX) is the only other coin with a double-digit rise. It’s up 12.3% to the price of $0.8522. Movement Labs Announces Move Industries, Terminates Co-Founder Rushi Manche Movement Labs , a Web3 company and core contributor of the Movement Network , has announced that two Movement employees have established Move Industries “to ensure a more simplified and focused operational structure, including new executive leadership,” the press release says . Introducing Move Industries: The Future of the Movement https://t.co/CParJ2Bmnm — Movement (@movementlabsxyz) May 7, 2025 Move Industries says that its three core pillars are community/brand, engineering/product, and ecosystem/business development. “The new endeavor will operate with enhanced accountability measures, providing a stronger foundation for the Movement ecosystem’s future growth and success,” it says. Torab Torabi, a founding member of Move Industries, is the company’s CEO, while Will Gaines is the President and Chief Marketing Officer. Young Yang Liauw oversees engineering, having previously worked at Aptos as Head of Move , and at the Libra team at Novi and Meta . Meanwhile, Movement Labs has terminated co-founder Rushi Manche. The decision follows a third-party review focusing on organizational governance and recent incidents related to a market maker’s actions. Additionally, co-founder Cooper Scanlon has voluntarily passed the leadership position of Move Industries to Torabi. 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 Per the team, Move Industries will “operate under improved governance, including expanded board oversight and transparent decision-making processes.” You might also like Binance Ends Market-Making for Movement (MOVE) Project AltNovel and 3iQ Launch the Middle East’s First Multi-Strategy Digital Assets Fund AltNovel , the Abu Dhabi-based private markets platform regulated by the Financial Services Regulatory Authority (FSRA), has partnered with 3iQ , the global digital asset investment manager, to launch the AltNovel Digital Access Portfolio (ADAP) , the first-ever digital asset Multi-Strategy Fund in the Middle East. ADAP is specifically designed for professional, qualified investors, the press release says. It aims to offer a diversified exposure to digital assets investment strategies with reduced volatility and high returns. It aims to deliver lower volatility and drawdowns relative to long-only digital assets, targeting annualized returns of over 20% and mitigating drawdowns to as low as 2.4%, it says. The new fund is a multi-strategy portfolio of alpha-oriented digital asset hedge funds with the aim to “deliver high absolute returns with a reduced correlation to traditional assets and hedge funds.” It “seeks improved risk-adjusted returns versus other assets such as Bitcoin, stocks, and other digital assets,” the team says. You might also like 3iQ Launching First SOL Staking ETF in North America with Figment as Primary Staking Provider Ledger Expands Integration with Transak Off-Ramp Transak , a Web3 payments infrastructure provider, has expanded its integration with hardware wallet maker Ledger . According to the announcement, this news follows the successful integration of Transak’s on-ramp service into Ledger Live . Now Transak’s off-ramping capabilities have come to both Ledger Live Desktop and Ledger Live Mobile apps, allowing users can convert crypto into fiat directly within the Ledger ecosystem. Proud to power seamless off-ramps with @Ledger — self-custody, meet flexibility. — Transak (@Transak) May 6, 2025 Furthermore, the move enables users to cash out their crypto holdings without relying on centralized exchanges or third-party apps. It also improves Ledger Live’s existing ‘Sell’ section, enabling access to competitive conversion offers and cashing out crypto to local currencies via bank transfers and other supported payment methods. It supports multiple assets and global coverage in over 100 countries. Also, the team says that Transak’s Multi-Level KYC frameworks enable an easy off-ramping experience. If a Ledger user has completed the KYC process on any of Transak’s partner platforms, they don’t have to complete the verification process again. You might also like EXCLUSIVE: Ledger and Pudgy Penguins Reveal Limited-Edition Custom Device and Cases __________ Bookmark this page and subscribe to our newsletter for the latest crypto news updates! The post What’s Happening in Crypto Today? Daily Crypto News Digest appeared first on Cryptonews .
