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Movement Labs files for Chapter 11 bankruptcy protection

Movement Labs filed for Chapter 11 bankruptcy after a year of turmoil, including a 2025 MOVE token market-making scandal that allegedly dumped tens of millions of MOVE and sharp governance disputes. The firm has overhauled its strategy toward payments and remittances while Move Industries says the broader Movement ecosystem remains unaffected as development continues.

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Worldcoin ETF S-1 filed by Grayscale

Grayscale has filed an S-1 with the SEC to launch a spot Worldcoin ETF that would hold WLD directly and trade on Nasdaq as GWLD, with shares issued in 10,000-share creation blocks and a passive, non-leveraged structure. The filing names custodians and administrators (BitGo Bank & Trust, Bank of New York Mellon, CSC Delaware Trust) and notes that details like fees and seed investment will be provided in later amendments, with final listing contingent on SEC approval and a 19b-4 rule change.

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