This is a general announcement and marketing communication. Products and services referred to here may not be available in your region. Fellow Binancians, Binance will discontinue the mainnet support of Moonriver (MOVR) and Moonbeam (GLMR), as well as open deposits and withdrawals via Base Network for the aforementioned tokens. General Deposits and WithdrawalsAt 2026-07-21 11:00 (UTC), deposits and withdrawals of the aforementioned tokens via Moonriver and Moonbeam mainnet will be suspended. Users should ensure they leave sufficient time for the aforementioned tokens’ deposits to be fully processed prior to this time. Binance will not make a separate announcement to inform users after we resume deposits and withdrawals of the aforementioned tokens.After the event is complete, Moonriver and Moonbeam mainnet will no longer be supported for deposits and withdrawals.Spot, Margin, and Futures trading and Binance Earn services will not be impacted during the migration.Binance will handle all technical requirements for users who are involved in this event. Contract Swap MOVR and GLMR will be migrated from their mainnets to Base Network at a ratio of 1:1. New tokens smart contract addresses:MOVRGLMR Note: There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise. Thank you for your support! Binance Team 2026-07-20
Tom Lee: Margin debt balance on U.S. stock markets has posted a rare surge in 60 years, with the previous five such market occurrences all leading to a six-month consolidation period.
Over the weekend, Tom Lee told CNBC in an interview that U.S. margin debt has risen 54% year-over-year, marking the sixth-largest increase in the past 60 years. “A cohort of traders borrowing money to buy stocks has flooded into the market, and history shows the market will react accordingly: the South Korean stock market offers a case in point, where 1.2 million brokerage accounts faced margin calls, potentially accounting for 10% of all adult investor accounts,” Lee noted. He added that in U.S. stock market history, the prior five surges in margin balances were typically followed by a six-month market consolidation.
4 minutes ago
French bitcoin treasury firm Capital B will carry out a 1-for-10 reverse stock split.
French Bitcoin treasury firm Capital B announced a 1-for-10 reverse stock split of its share capital. The move will run from August 6 to September 7, and will not directly impact the total value of the company’s shares. Upon completion of the split, the number of outstanding shares will decrease accordingly, with the share price adjusted proportionally.
Crypto analyst Amr Taha has noted a clear divergence in recent dynamics among Bitcoin holders: large whales continue accumulating Bitcoin, while medium-sized wallets are selling off at an accelerating pace. Specifically, wallets holding 1,000 to 10,000 BTC added a net ~66,700 BTC over the past 60 days, near the 68,000 BTC level set on June 16. By contrast, wallets holding 100 to 1,000 BTC recorded a net sell-off of roughly 77,800 BTC, marking one of the most aggressive sell-off periods in current data. Historical data shows that the behavior of wallets holding 100 to 1,000 BTC aligns with key short-term market turning points. On April 25, this group’s net accumulation exceeded 92,000 BTC. About 10 days later, Bitcoin entered a short-term correction, ultimately falling around 29%. Amr Taha argues that continued accumulation by large holders reduces immediately available supply, particularly during periods when smaller groups are actively distributing Bitcoin. While group data alone cannot determine future price trends, the current shift of supply toward large wallets may signal positive mid-term momentum for Bitcoin.
4 minutes ago
Bitcoin option implied volatility has plunged to rock bottom; three times so far this year, it has consistently signaled significant Bitcoin price swings.
Crypto analyst Murphy pointed out that Bitcoin’s option implied volatility (IV) is currently extremely low, with the 1-week IV at 33% and the 1-month IV at 34%—both below the 40% historical range, signaling potential "sharp price swings" in the market. Murphy’s statistics show two similar cases in the past year: 15 days after IV fell below 40% in early January, BTC dropped from $97,000 to $62,000; 14 days after IV dipped below 40% at the end of April, BTC declined from $82,000 to $60,000; and after June 15, BTC fell from $66,000 to $58,000. Murphy noted that low IV stems from market consensus, accumulated volatility arbitrage capital, and market makers’ short gamma mechanism—factors that together amplify the impact of unforeseen events. He reminded derivatives traders to prepare accordingly.
4 minutes ago
Hong Kong Exchanges and Clearing (HKEX) responds to the proposal to extend stock trading hours: It is studying extending trading sessions for its derivatives market.
Today, market rumors suggest the Hong Kong Exchanges and Clearing Limited (HKEX) is considering extending stock trading hours and scrapping the lunch break. In response, HKEX stated that it has long been committed to enhancing Hong Kong’s competitiveness as an international financial center, and is currently exploring multiple measures to improve market convenience, including extending trading hours. However, its immediate priority is studying proposals to extend trading hours for the derivatives market, not the stock market. (Source: China News Service’s JINGWEI)
4 minutes ago
A Bitcoin whale holding over $100 million in long positions closed their positions an hour ago.
According to Yuqing Monitoring, a whale added to its Bitcoin long positions to reach $108 million this morning, at an average entry cost of $63,958. This afternoon, the whale closed out all its positions amid Bitcoin’s downward trend, netting a final profit of $280,000.
Not financial or tax advice. PANews content is strictly educational and informational and is not investment advice, financial advice, tax advice, legal advice, or a solicitation to buy or sell any digital asset, security, or financial product. Do your own research and consult qualified advisers.
Disclosure. PANews may publish sponsored content, partner content, advertisements, affiliate links, event promotions, and market commentary involving Web3 projects, service providers, or financial products. PANews personnel, contributors, or affiliates may hold digital assets or other interests related to covered topics. See our Terms of Service.
This is a general announcement. Products and services referred to here may not be available in your region. Fellow Binancians, Starting at approximately 2026-07-06 12:00 (UTC), Binance will suspend the deposits and withdrawals of token(s) on the Moonriver (MOVR) network to support its network upgrade to ensure the best user experience. The network upgrade will take place at the block height of 16,960,935, or approximately at 2026-07-06 13:00 (UTC). Please note: The trading of token(s) on the aforementioned network will not be impacted.Binance will handle all technical requirements involved for all users.Deposits and withdrawals for token(s) on the aforementioned network will be reopened once the upgraded network is deemed to be stable. No further announcement will be posted.There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise. For more information, please refer to the announcement from the project team. Thank you for your support! Binance Team 2026-07-06
A closely followed crypto investor, Bluntz, expects a strong rally in Moonriver (MOVR), a low-capitalization altcoin that has risen about sixfold in the last three months. The analyst also said that the price charts of Solana (SOL) and Sei (SEI) look fantastic.
Analyst Expects MOVR to Shine AgainAnonymous cryptocurrency analyst Bluntz announced to his followers on social media platform X that he is closely monitoring the MOVR of Moonriver, an Ethereum (ETH) compatible parachain built on Kusama (KSM). Bluntz shared a chart indicating that MOVR has completed an ABC correction wave and is ready for a strong rally towards $40, adding the following note:
I still love and follow MOVR. The formation on the chart and the current price range cause a two-way swing both at the top and bottom. I think MOVR will rise sharply.
Bluntz is generally known for using the Elliott Wave theory, a technical analysis approach that tries to predict future price movements by following the crowd psychology that tends to manifest in waves. According to the Elliott Wave theory, an asset in an uptrend tends to complete an ABC correction movement before starting the next wave motion.
Having risen up to 500% in the last three months, MOVR was trading at $23.83, up 2.63% in the last 24 hours at the time this article was prepared.
Analyst Highlights “They Look Fantastic” for Solana and SeiBluntz also said that he is closely monitoring the price movements of Layer 1 networks Solana and Sei. The analyst noted that SOL and SEI are among the best Layer 1 networks because both of their price charts look fantastic.
At the time of writing, SOL was trading at $92.58, up 0.16% in the last 24 hours, while SEI was trading at $0.644, up 1.26% in the same time frame.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Known for predicting Bitcoin‘s (BTC) bottom during the 2018 bear market, cryptocurrency analyst Bluntz is expecting a significant upward explosion for Solana (SOL), which is seen as a competitor to Ethereum (ETH). The analyst also mentioned that he expects Moonriver (MOVR) to rise as well.
Bluntz Points to Solana Surpassing $150The anonymous cryptocurrency analyst Bluntz told his followers on social media platform X that Solana‘s SOL appears to have completed an ABC correction wave. Bluntz now expects Solana to initiate a new five-wave rally that could yield about a 50% gain from current prices, stating:
SOL has moved beyond the range it had previously fallen to, and a rise above $150 is now fundamentally confirmed. Bears are about to learn the true meaning of pain.
It appears that the analyst is applying the Elliott Wave theory, a technical analysis approach that tries to predict future price movements by following the crowd psychology that tends to emerge in waves. According to the theory, an asset on the rise typically goes through an ABC correction before a five-wave upward movement.
SOL, at the time of writing this article, has risen 6.03% in the last 24 hours to $103.38. With current data, SOL has seen an extremely high increase of 21.89% over the last 7 days.
Keeping a Close Watch on Moonriver’s MOVRBluntz is also closely monitoring the native asset MOVR of Moonriver, an Ethereum-compatible parachain built on Kusama (KSM). According to the analyst, MOVR seems to have risen after completing its ABC correction:
MOVR looks great. It’s under my radar and just one of the altcoins that look significantly promising.
Previously, the analyst had predicted that MOVR could rise up to $50. With current data, the altcoin‘s price has seen an increase of 0.86% in the last 24 hours to $23.62, which is approximately 100% below the target level indicated by the analyst.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
Moonriver is an Ethereum-compatible smart contract parachain on Kusama, designed to serve as a companion network to Moonbeam by providing a permanently incentivized canary network. New code will be sent to Moonriver for testing and verification under real economic conditions before being deployed to Moonbeam on Polkadot.
This is achieved through a full EVM implementation, a Web3 compatible API, and bridges that connect Moonriver to existing Ethereum networks.
Moonriver (MOVR) ExplainedAs a decentralized smart contract platform, Moonriver utilizes a utility token for its operation. The MOVR token is central to Moonriver’s design and is indispensable for maintaining the platform’s core functionality. The uses of the Moonriver token include:
Supporting transaction fees for smart contractsEncouraging the creation and strengthening of a decentralized node infrastructure on which the platform can operateFacilitating the on-chain governance mechanism, including proposing referendums, electing council members, and votingPaying network transaction feesIn addition, Moonriver is designed to act as a smart contract platform that allows developers to redeploy Ethereum dapps with minimal friction in a substrate environment. This means that smart contracts powering Ethereum dapps don’t need to be rewritten or reconfigured for the Karura network. Substrate is a framework for creating new blockchains and blockchain applications that can run on Kusama and Polkadot networks.
Moonriver is intended to function as a “canary network” for Moonbeam on Polkadot, which means new code will be sent to Moonriver for testing and verification under real economic conditions before being sent to Moonbeam.
The native cryptocurrency of Moonriver, MOVR, is expected to play a significant role in maintaining and operating the Moonriver network. It is anticipated to be used for paying transaction fees, supporting smart contract execution, incentivizing block production to support the network, and facilitating Moonriver’s on-chain governance mechanism.
MOVR is expected to be voted on by community members using KSM, the cryptocurrency of Kusama, in a process known as Parachain Auction to launch as a parachain on Kusama.
Insights on MOVR CoinThe MOVR coin has attracted attention, especially after being listed on Binance, considered reliable due to the platform behind it and the platforms it cooperates with. However, investors are currently closely monitoring MOVR and proceeding with caution in their transactions.
How to Purchase Moonriver Coin?MOVR Coin can be quickly and securely purchased through Binance, the world’s largest cryptocurrency trading platform by transaction volume.
To buy MOVR Coin, one must first sign up for Binance and then send fiat currency. After sending a fiat currency like dollars, one can buy Bitcoin (BTC), BUSD, Binance Coin (BNB), and Tether (USDT) to conduct a purchase transaction in the MOVR trading pair.
Additionally, on Binance, users can place an order to buy at not only the market price but also at a lower price. This can be done by using the Limit tab, where you enter the amount you want to buy and the price at which you want to buy.
Tanzeel Akhtar has been reporting on cryptocurrency and blockchain technology since 2015. Her work has appeared in leading publications including The Wall Street Journal, Bloomberg, CoinDesk, Bitcoin...
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Web3 cross-chain protocol Axelar has announced over 60 chains including Stacks, Moonriver, Hedera Network and Iron Fish have joined a devnet-phase pilot of Interchain Amplifier.
In an announcement, Axelar said the Interchain Amplifier is a smart-contract-based developer toolkit that makes new-chain integrations permissionless by automating routing and translation across Axelar’s blockchains. Axelar is a decentralized interoperability network connecting all blockchain ecosystems, and applications. Axelar is backed by Binance, Coinbase, Dragonfly, Galaxy and Polychain.
The network claims Interchain Amplifier is the first service of its kind to allow permissionless connectivity across major blockchain networks including Bitcoin, Ethereum, EVM chains, IBC, Hedera and 64 more chains.
“The excitement around Bitcoin L2s and other novel blockchain approaches now has an outlet,” said Georgios Vlachos, co-founder of the Axelar Foundation, in a press release. “I’m thrilled to see such a diverse group of consensus mechanisms leading the move to interoperability that’s fast, open and permissionless,” added Vlachos.
Axelar Founded in 2020 Axelar was co-founded and launched in 2020 by Georgios Vlachos, a founding team member of the Algorand blockchain, and Sergey Gorbunov, who has a PhD from the Massachusetts Institute of Technology (MIT). Gorbunov has worked on designing advanced cryptographic protocols and systems.
Axelar delivers secure cross-chain communication for Web3 so that decentralized application (dApp) users can interact with any asset or application, on any chain, with one click.
Axelar Raises $35M at $1B Valuation In 2022, Axelar, secured $35 million in a funding round bringing its valuation to $1 billion. The funding came from Dragonfly Capital, Polychain Capital, North Island Ventures, Rockaway Blockchain Fund, Cygni Capital, Lemniscap, Olive Tree Capital, Blockchange Ventures, Node Capital, angel investors including Waikit Lau and Gokul Rajaram, and others.
The funding was used to support Axelar’s expansion as it continued to roll-out its mainnet, and followed on from the company’s previous $25m Series A raise in mid-2021.
In 2023, the tokenized secure note issuer Ondo Finance and Axelar unveiled the Ondo Bridge, a cross-chain mechanism designed to facilitate easy transfers of Ondo tokens across blockchains. The Ondo Bridge supports the issuance of these yield-bearing tokens, fostering liquidity while ensuring price stability.
The Hedera Network, Stacks, Moonriver, and Iron Fish have recently entered a pivotal partnership under the banner of the Interchain Amplifier initiative, hosted on the Axelar network. This union aims to redefine the boundaries of blockchain interoperability, enhancing the functionality and accessibility of these technologies across numerous platforms.
The Interchain Amplifier stands as the first of its kind, a revolutionary service developed by Interop Labs on the Axelar network that promises seamless integration across a vast array of blockchains. Currently in its developmental phase on the Axelar devnet, this tool is designed to simplify the integration of new chains, making the process permissionless and straightforward for developers. This innovation could potentially connect the likes of Bitcoin, Ethereum, and 64 other chains, heralding a new era of connectivity within the blockchain realm.
Amplifying Connections Across the Web3 Ecosystem This ambitious project harnesses the Axelar network’s capabilities to automate routing and translation across its expansive network of interconnected blockchains. By operating through smart contracts, the Amplifier ensures robust security and swift establishment of new cross-chain paths, which could significantly broaden the horizons for application development and user engagement across networks.
Each participating entity brings unique strengths and visions to the table, enhancing the collective aim of the partnership. Hedera, known for its high-performance, leaderless proof-of-stake system, integrates seamlessly, leveraging its swift and scalable hashgraph consensus algorithm to enhance tokenization processes. Meanwhile, Stacks extends the utility of Bitcoin through its Layer-2 smart contracts, offering a secure environment for a diverse range of applications.
Moonriver adds another layer of innovation by serving as a canary network for Moonbeam on the Polkadot ecosystem, providing a real-world proving ground for new blockchain technologies. Iron Fish introduces an essential privacy layer, utilizing zero-knowledge proofs to ensure data protection across all integrated chains. The collaboration not only focuses on enhancing technological frameworks but also emphasizes the importance of community involvement and open-source contributions to the broader crypto ecosystem.
This initiative is poised to set a precedent for future developments in blockchain interoperability. By providing a toolkit that simplifies the incorporation of diverse blockchain technologies, the Interchain Amplifier could potentially accelerate the adoption of Web3 technologies, making them more accessible and efficient for a global audience. As these networks interlink more seamlessly, the potential for innovation in decentralized applications (DApps) and beyond is boundless, promising a more interconnected and efficient future for blockchain technology.
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Mysterious crypto writer with expertise in blockchain, offering deep insights that captivate and intrigue readers. With a unique ability to uncover hidden insights and trends, Samuel delivers in-depth analysis and thought-provoking content that keeps readers on the edge of their seats. His writing style is engaging and informative, blending technical knowledge with a sense of intrigue, making complex crypto topics accessible to both newcomers and seasoned industry professionals. Samuel’s work continues to capture the attention of the crypto community, solidifying his reputation as a trusted voice in the space.
Moonbeam Network, a Web3 smart contract platform, has launched a $13 million funding initiative to boost its ecosystem growth in key areas like gaming and real-world asset (RWA) tokenization.
The $13 million package consists of a $10 million innovation fund, $1.5 million in Moonbeam ecosystem grants, and $1.5 million in Moonriver grants.
Moonbeam said the funding marks the next phase of its Moonrise initiative, which aims to evolve the parachain into a leading solution for integrated Web3 networks, including Polkadot and Ethereum.
Innovation fundThe Moonbeam team explained that one of the network's primary goals was to attract more games to its blockchain to boost its gamer acquisition and retention.
To this end, it has selected N3MUS as the first recipient of the innovation fund to develop a gaming-focused ecosystem. N3MUS aims to integrate Web3 gaming into the mainstream by merging traditional gaming with blockchain technology.
Sicco Naets, Head of Ecosystem Development at Moonbeam Foundation, told CryptoSlate that the N3MUS funding demonstrates Moonbeam's commitment to supporting developers and reducing friction in blockchain technology.
Similarly, Neal Peters, the CEO of N3MUS, added:
“This partnership marks a significant milestone for N3MUS as we strive to bridge the gap between traditional gaming and blockchain technology.”
Additionally, Moonbeam's partnership with N3MUS will include co-organizing events to integrate N3MUS into Moonbeam and promote gaming projects. Moonbeam will also connect N3MUS and other fund recipients with venture capital firms for potential further investment.
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Ecosystem grantsBeyond the innovation fund, Moonbeam is also supporting its parachain projects and the Moonriver canary network with grants.
The first ecosystem grant will allocate 4.5 million GLMR, valued at approximately $1.5 million, to four projects on the parachain, including StellaSwap DEX, Moonwell Lending Protocol, Cross-Chain Interactions platform Prime Protocol, and Beamswap. These protocols are expected to launch their incentive programs on June 14.
Additionally, efforts are underway to enhance DeFi activities through a proposal for the Moonriver canary network, which would distribute 113,618 MOVR, worth $1.5 million.
The intended beneficiaries include DeFi projects like Beamswap and Moonwell, amongst others. These projects will use the funds to facilitate liquidity provision on their platforms. However, the proposal is currently pending approval.
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Moonriver (MOVR) has managed to slip into the background after an incredible run in 2021. The price of the coin crossed $490 at the time, but has since fallen more than 90% from its all-time high since then. After an extended bear period, it is starting to look like this altcoin may never return to its previous glory again. However, this might be wrong as expectations for another bull run for the MOVR altcoin are rising once again.
MOVR Ready To Move Out Of Extended Consolidation According to a crypto analyst, the MOVR price may be getting ready to move out of a drawn out downtrend and complete its consolidation. This consolidation trend had begun when the price had started falling, and the price fell into a descending channel.
However, with the market recovery, it seems that the altcoin is ready to move out of this consolidation, the result of which would be a major move upward. Some of the bullish developments are the engulfed candlestick pattern and the quick reaction and internal trendily.
As the crypto analyst explains in the TradingView post, the engulfed candlestick pattern is bullish as it suggests that the MOVR downtrend may finally be headed toward a reversal. While the latter, the quick reaction and internal trend line show that because the altcoin reacted swiftly to its support level while approaching its internal trend line, it shows that bullish momentum is building for the price.
From here, the altcoin has established key support, which could help push its price further. While in the other case, once the uptrend begins, the MOVR price will have the $22 resistance to contend with if the price is to regain its momentum from here.
How High Can Price Go? Given that the market is rebounding and trader sentiment for coins like MOVR is back on the high side, the possibilities for a massive breakout have grown. The analyst points out that the market remains optimistic, which is a good sign for the price.
To properly confirm the breakout, the crypto analyst says the resistance at $22 will be the determining factor. If this level is clear, then the price is expected to blow out. The first possible high is at $199, which is a 1,026% increase in price.
Source: Tradingview.com However, in the scenario where the MOVR price rally continues, the crypto analyst sees the price going as high as $234. In this case, it would mean an over 2,000% increase in price, but would still be around 40% below its all-time high price of $495.
Price holding above $11 | Source: MOVRUSDT on Tradingview.com Featured image created with Dall.E, chart from Tradingview.com
Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.
Moonriver Coin (MOVR) is the multifunctional native cryptocurrency of the Moonriver platform. MOVR facilitates the execution of several important functions, including governance, incentive mechanisms, and network transaction fees.
What is Moonriver Coin (MOVR)?Moonriver is an Ethereum $1,623-compatible smart parachain operating on Kusama. It aims to establish a network that works alongside Moonbeam, a permanently incentivized network provider. New code is sent to Moonriver for testing and verification under real economic conditions. Once proven, the same code is deployed to Moonbeam on Polkadot. This process includes full EVM implementation, a Web3-compatible API, and building bridges that connect Moonriver to existing Ethereum networks.
It allows developers to deploy their existing Solidity smart contracts and dApp front ends to Moonriver with minimal changes. As a decentralized smart contract platform, Moonriver requires a utility token to operate. MOVR is at the core of Moonriver’s design and is built to be irremovable without compromising fundamental functionality.
Moonriver token uses include:
Supporting the gas metering of smart contracts, incentivizing and powering a decentralized node infrastructure on which the platform can operate, facilitating on-chain governance mechanisms such as proposing, selecting members, and voting on governance issues, and paying for network transaction fees.
Where to Buy MOVR?Moonriver Coin can be safely bought and sold on Binance, the world’s largest cryptocurrency exchange by trading volume. On the Binance platform, MOVR Coin is traded in MOVR/BTC, MOVR/BNB, MOVR/USDT, and MOVR/BUSD pairs.
To purchase Moonriver Coin, you first need to register on the Binance exchange. Once registration is complete, you need to transfer cryptocurrency or fiat currency to your Binance wallet. After completing the transfer, you can purchase MOVR Coin in any of the four pairs mentioned above. To buy from the MOVR/BUSD trading pair, navigate to the interface of this pair. In the limit tab, enter the amount you want to purchase. After specifying the amount, execute the purchase with the Buy MOVR order.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
This is a general announcement. Products and services referred to here may not be available in your region. Fellow Binancians, Starting at approximately 2026-01-06 12:00 (UTC), Binance will suspend the deposits and withdrawals of token(s) on the Moonriver (MOVR) network to support its network upgrade to ensure the best user experience. The network upgrade will take place at the block height of 14,629,541, or approximately at 2026-01-06 13:00 (UTC). Please note: The trading of token(s) on the aforementioned network will not be impacted.Binance will handle all technical requirements involved for all users.Deposits and withdrawals for token(s) on the aforementioned network will be reopened once the upgraded network is deemed to be stable. No further announcement will be posted.There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise. For more information, please refer to the announcement from the project team. Thank you for your support! Binance Team 2026-01-05
TLDR: Roughly 181 Moonwell borrowers on Base lost ~$2.68M due to oracle-driven cbETH liquidations from Feb 14–18, 2026. Moonwell will allocate ~$310,000 from its Apollo Treasury as an immediate pro-rata repayment to all affected borrowers. The remaining ~$2.37M will be repaid gradually through future protocol fees and OEV revenue via Sablier over 12 months. MFAM holders will convert their tokens into stkWELL at a 1:1.5 ratio, consolidating Apollo DAO into Moonwell’s primary governance. Moonwell has released a recovery proposal addressing unfair liquidations of cbETH collateral between February 14 and 18, 2026.
The incident affected roughly 181 borrowers on Base, resulting in approximately $2.68M in net losses. Protocol behavior tied to MIP-X43, not user error, drove the liquidations.
The plan combines treasury funds with future revenue and includes a transition for MFAM holders into the WELL ecosystem.
cbETH Liquidation Recovery Targets 181 Affected Borrowers The Moonwell team conducted a full onchain review of all liquidation activity during the incident window. Each borrower’s loss was calculated on a net basis, meaning only realized economic harm qualifies for remediation.
The methodology accounts for all cbETH collateral seized, minus the USD value of debt repaid at the time of liquidation.
The proposal was direct about what caused the harm. “These users trusted Moonwell with their assets and were harmed through no fault of their own,” the post stated.
A potential recovery plan for users affected by the cbETH Core Market incident on Base is now live on the governance forum. It also includes a path to onboard the Moonwell Apollo (MFAM) community into the Moonwell ecosystem (WELL).
The proposal outlines:
• Immediate partial…
— Moonwell (@MoonwellDeFi) February 18, 2026
Crucially, cbETH was repriced at $2,200 per token to correct erroneous oracle values that contributed to the problem. This adjustment ensures that repayments reflect actual market conditions rather than distorted price data.
To begin repayments promptly, approximately $310,000 will be drawn from the Moonwell Apollo Treasury. This amount will be distributed pro-rata to affected borrowers based on their individual calculated losses.
The proposal described this allocation as “an immediate good-faith remediation without jeopardizing protocol stability.”
The remaining balance of roughly $2.37M will be repaid over time through future protocol revenue. This includes net protocol fees and OEV revenue under the current fee split structure.
All repayments will be claimable through Sablier over a 12-month window, after which unclaimed rewards expire.
MFAM Wind-Down Consolidates Apollo DAO Into Moonwell’s Primary Governance The proposal also addresses the full deprecation of Moonwell on Moonriver, which was completed on January 29, 2026. Chainlink’s decision to sunset oracle feeds on Moonriver forced a gradual reduction of collateral factors. With MIP-R38 passed, all Moonriver markets reached a 0% collateral factor, formally closing the deployment.
As Moonriver operations wind down, the Apollo DAO governed by MFAM will consolidate into the primary Moonwell DAO governed by WELL.
The proposal described the transition as “simplifying governance, aligning incentives, and closing out legacy infrastructure.” MFAM holders will convert their holdings into stkWELL at a 1:1.5 ratio, based on a snapshot taken at proposal submission.
The proposal noted that this conversion brings MFAM holders “direct exposure to Moonwell’s ongoing development on Base and future deployments, while eliminating fragmentation across governance tokens and treasuries.” The MFAM-to-stkWELL conversion will also be claimable for up to 12 months via Sablier.
By addressing both the cbETH incident and the MFAM wind-down together, the proposal aims to close out Moonriver “in a clean, accountable manner.”
The Moonwell DAO will vote separately on treasury allocation, the long-term repayment commitment, and execution authority.
PANews reported on March 26 that, according to The Block, the DeFi lending protocol Moonwell is facing a governance attack on its Moonriver deployment. An unknown attacker spent approximately $1,800 to purchase about 40 million MFAM tokens, completing the purchase, initiating a proposal, and getting it approved in about 11 minutes. The attacker attempted to transfer administrator privileges for seven core contracts, including lending markets, controllers, and oracles, to their controlled contract, thereby potentially extracting approximately $1.08 million in user funds. Voting on the proposal will continue until March 27. An early quorum was reached, but the "no" votes subsequently gained the upper hand. However, the final outcome depends on the remaining votes and coordination. Moonwell can also veto the proposal and regain control through an emergency multisignature "Break Glass Guardian."
This is a general announcement. Products and services referred to here may not be available in your region. Fellow Binancians, Starting at approximately 2026-03-30 12:00 (UTC), Binance will suspend the deposits and withdrawals of token(s) on the Moonriver (MOVR) network to support its network upgrade to ensure the best user experience. The network upgrade will take place at the block height of 15,692,116, or approximately at 2026-03-30 13:00 (UTC). Please note: The trading of token(s) on the aforementioned network will not be impacted.Binance will handle all technical requirements involved for all users.Deposits and withdrawals for token(s) on the aforementioned network will be reopened once the upgraded network is deemed to be stable. No further announcement will be posted.There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise. For more information, please refer to the announcement from the project team. Thank you for your support! Binance Team 2026-03-30
Binance will support Moonriver (MOVR) network upgrades.
PANews reported on March 30th that, according to an official announcement, Binance plans to suspend token deposits and withdrawals on the Moonriver (MOVR) network at 20:00 (UTC+8) on March 30th, 2026, to support its network upgrade. This move aims to provide users with a better experience. The project team will conduct the network upgrade at block height 15,692,116 (estimated at 21:00 (UTC+8) on March 30th, 2026).
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Binance, one of the world's leading cryptocurrency exchanges, has announced that it will support the planned technical update for the Moonriver network.
30.03.2026 - 05:47
Update: 30.03.2026 - 05:47
Binance, one of the world’s leading cryptocurrency exchanges, has announced that it will support the planned technical update for its Moonriver (MOVR) network. According to the official statement, user transactions will be temporarily suspended as part of the network upgrade.
Accordingly, Binance will suspend token deposits and withdrawals on the Moonriver network on March 30, 2026, at approximately 3:00 PM Turkish time. This step is stated to be taken to ensure the smooth execution of the planned network upgrade and to protect the user experience.
According to information provided by the project developers, the upgrade on the Moonriver network will take place at block height 15,692,116. This upgrade is expected to be completed around 4:00 PM Turkish time on the same day. Following the network update, the system will need to stabilize before deposit and withdrawal operations can be reopened.
Binance advised users to plan their deposit and withdrawal transactions in advance to avoid any transaction disruptions during this process. They also emphasized that the upgrade would not affect token trading and that spot trading would continue uninterrupted.
Experts note that these types of network upgrades typically include performance improvements and security updates. Therefore, it is important for investors to closely monitor technical updates and pay attention to platform announcements.
*This is not investment advice.
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This is a general announcement. Products and services referred to here may not be available in your region. Fellow Binancians, Starting at approximately 2026-05-12 12:00 (UTC), Binance will suspend the deposits and withdrawals of token(s) on the Moonriver (MOVR) network to support its network upgrade to ensure the best user experience. The network upgrade will take place at the block height of 16,249,119, or approximately at 2026-05-12 13:00 (UTC). Please note: The trading of token(s) on the aforementioned network will not be impacted.Binance will handle all technical requirements involved for all users.Deposits and withdrawals for token(s) on the aforementioned network will be reopened once the upgraded network is deemed to be stable. No further announcement will be posted.There may be discrepancies between this original content in English and any translated versions. Please refer to the original English version for the most accurate information, in case any discrepancies arise. For more information, please refer to the announcement from the project team. Thank you for your support! Binance Team 2026-05-12
Binance will support Moonriver (MOVR) network upgrades.
PANews reported on May 12th that, according to an official announcement, Binance plans to suspend token deposits and withdrawals on the Moonriver (MOVR) network at 20:00 (UTC+8) on May 12th, 2026, to support its network upgrade. The project team will conduct the network upgrade at block height 16,249,119 (estimated at 21:00 (UTC+8) on May 12th, 2026).
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Binance announced it will support a planned network upgrade on the Moonriver network to protect user experience. According to the exchange’s official statement, token deposits and withdrawals on the Moonriver network will be temporarily suspended starting May 12, 2026, at 3:00 PM.
According to information shared by Binance, the network upgrade will take place at block height 16,249,119. This update is expected to be completed around 4:00 PM on May 12, 2026. The exchange stated that all technical requirements will be automatically managed by the platform during the upgrade process and users do not need to take any action.
The exchange emphasized that the network upgrade will only affect deposit and withdrawal transactions. Trading of tokens on the Moonriver network on Binance spot and other markets will continue uninterrupted. Users will be able to manage their existing positions and continue their trading activities on the platform during this period.
Binance also announced that deposits and withdrawals will automatically resume once system stability is restored following the network upgrade. No further announcements will be made. Users are advised to take this temporary suspension period into account when planning their transactions.
Moonriver is known as one of the smart contract platforms running on the Kusama ecosystem, and it specifically enables the rapid integration of Ethereum-compatible decentralized applications. The upcoming upgrade to the network is expected to bring several improvements in terms of performance, security, and scalability.
*This is not investment advice.
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Tangem, a key cryptocurrency wallet, has revealed a major upgrade to its platform through the addition of more 8 networks to its ecosystem. The most recent networks added to its stable include Moonbeam, ZkSync, Base, zkEVM, Moonriver, PLAYA3ULL GAMES, Flare, and Taraxa. This move demonstrates the provider’s commitment to the helping its users to attain the latest technologies while meeting the unique demands of its broad user base.
We just dropped a major update! Our dev squad has been grinding hard to add 8 NEW NETWORKS to the mix. That's 🔥
Show some love and let them know how much you appreciate their hard work. Drop a reaction, comment, and share the hype!
And don't forget to update your app. You know… pic.twitter.com/LNlAfKA6jG
— Tangem (@Tangem) May 2, 2024 Tangem’s Crypto Wallet Bridges Global Access to Digital Assets Tangem’s crypto wallet is the most important connection between 8 billion people globally and the rapidly developing industry of digital assets. Based on the idea of creating digital assets quickly accessible, Tangem has successfully created its products utilizing a smartcard-based hardware wallet and an intuitive mobile app, amassing an extensive user base.
Having delivered goods to 170 countries, Tangem has become the world’s leading producer of cold hardware wallets for digital assets. Its product is safe and simple for people across the globe to use. Another essential characteristic of Tangem’s offering is the rapid deployment, as it takes users only 1 minute to set up their wallets.
Tangem’s Latest Update Demonstrates Commitment to Empowerment and Innovation The 8 new networks launched on Tangem’s platform constitute a big step towards more individual control of digital assets. Due to increased network compatibility and their product range enhancements, the company also solidified its position among the leading players in the cryptocurrency wallet market.
Lastly, with the expansion of the digital asset market, Tangem remains true to its commitment to offer its clients cutting-edge solutions that are simultaneously safe and simple to use . The most recent update is once again evidence of the company’s ambition to empower and a desire to be a global leader in the adoption of this technology.
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