Here’s what happened in crypto today

Regulation | May,1 2025

Today in crypto, Coinbase is set to halt trading for the MOVE token. Morgan Stanley reportedly plans to launch crypto trading on its E*Trade platform by 2026, and the eye-scanning project Worldcoin has officially launched in the US.

Coinbase suspends trading for MOVE token

Crypto exchange Coinbase has announced it will suspend trading of the Movement Network token (MOVE), the native cryptocurrency of the Movement layer-2 blockchain protocol, developed by Movement Labs, effective May 15.

The decision was shared in a May 1 X post, with Coinbase citing the token’s failure to meet its listing standards. The price of the MOVE token also declined by approximately 14.5% in the last 24 hours. Coinbase specified the details of the suspension in an announcement:

"Trading for MOVE will be suspended on Coinbase, Simple and Advanced Trade, Coinbase Exchange, and Coinbase Prime. We have moved our MOVE order books to limit-only mode. Limit orders can be placed and canceled, and matches may occur."

The suspension of the token follows a recently announced third-party review orchestrated by the Movement Network Foundation into an agreement allegedly signed by Movement Labs and a market-making firm, which is said to be behind the downfall of the MOVE token price in December 2024.

Cryptocurrencies, Law, Banks, Bitcoin Price, United States, White House, Court, Morgan Stanley, Trading, Celsius, Tornado Cash, Policy — *Source:* *Coinbase Assets*

A Movement Network Foundation spokesperson recently confirmed to Cointelegraph that the third-party investigation, which commenced on April 21, is ongoing. The investigation is being conducted by Groom Lake, an independent cybersecurity and intelligence firm, and has cast a cloud over the MOVE token's price.

Morgan Stanley eyes crypto rollout for E*Trade platform: Bloomberg

Banking giant Morgan Stanley reportedly plans to list cryptocurrencies on its E*Trade investment brokerage and trading platform.

According to a May 1 Bloomberg report, the firm intends to list crypto assets on E*Trade in 2026. The plan is still in early development, and the bank is said to be exploring partnerships with established crypto firms to power the service. Internal discussions about cryptocurrency support reportedly began in late 2024.

Banking, Banks, Cryptocurrency Exchange, Morgan Stanley — *E*Trade homepage. Source:* *E*Trade*

This would not be Morgan Stanley’s first exposure to digital assets. The bank’s wealthiest clients have had access to crypto exchange-traded funds (ETFs) and futures for some time, with the firm’s advisers allowed to pitch Bitcoin ETFs since August 2024.

Eyeball scanning crypto project World hits US shores

OpenAI CEO Sam Altman’s crypto-tied digital identity project World, formerly Worldcoin, said on April 30 that it will make its US debut, first coming to the so-called “key innovation hubs” of Atlanta, Austin, Los Angeles, Miami, Nashville and San Francisco.

World offers a crypto token, Worldcoin (WLD), to those who verify their humanity with its spherical device called an Orb that scans a user’s face and eyeballs, which can then be used to make a World ID on the company’s platform to verify they are human on connected services including Minecraft, Reddit and Discord.

Cryptocurrencies, Fraud, Law, Bitcoin Price, United States, White House, Court, Scams, Celsius, Tornado Cash, Policy — *Source:* *World*

The firm had previously stayed away from the US due to regulatory concerns over offering a token, fears now seemingly allayed with the crypto-friendly Trump administration.

World also announced a tie-up with Visa for a card that allows payments in WLD, and a pilot program testing out World ID with the online dating giant Match Group, which owns Tinder, Hinge, Match.com, and Plenty of Fish.