The movement movement movement was the market leader during Eastern Asia’s morning negotiation hours, up more than 25%, according to Coindesk market data, while the market reacted favorably to the movement plan to create a strategic reserve.
Move surprises the Coindesk 20 (CD20), a performance measurement of the largest digital assets, which is negotiated flat. Market majors like Bitcoin (BTC) and Ether (ETH) are both less than 1%.
In a blog article of March 24, the movement explained that it created the “strategic reserve” because they wanted to proactively rectify the disturbance caused by the illicit actions of a market market, which violated contractual obligations by carrying out unilateral marketing activities and taking advantage of $ 38 million without correctly providing liquidity.
“All cash products recovered from the market market will be used by the motion Network Foundation to establish the Movement Strategic Reserve: a buyback program of $ $ USDT to buy $ travel for long -term use and to return the liquidity of the USDT to the movement ecosystem,” the movement said in a position.
As Coindesk previously pointed out, Crypto Exchange Binance abolished the market from the market because it passed from substantial sales orders without significant purchase prescriptions, violating the rules of exchange requiring a balanced provision of liquidity.
Binance said in an article that market manufacturers had to place balanced submission orders, have sufficient market depth, stable differences and warned against disruptive high frequency negotiation practices.
“Any authorized market market The project that does not respect or raped such principles and rules, Binance will take other measures against these market manufacturers to best protect our users,” said exchange.
