Latest NewsPublishedJul 21, 2026The blockchain developer will continue operating under court supervision as it restructures following a market-making scandal, a co-founder’s suspension, and exchange delistings that rocked the project. Movement Labs, the developer behind the Movement Ethereum layer-2 blockchain, has filed for Chapter 11 bankruptcy protection in the US Bankruptcy Court for the District of Delaware, according to court records.The petition was filed July 15 under Subchapter V, a streamlined reorganization process for qualifying small businesses. The filing allows the company to continue operating while it restructures under court supervision.On Monday, the court approved interim requests allowing Movement Labs to…

In brief Google is reportedly developing a server chip called Frozen v2 that hardwires part of Gemini’s architecture into silicon. Based on reports, engineers project six to ten times the efficiency of current TPUs and a 2028 deployment target. Alphabet shares climbed roughly 3% during Monday’s trading session after the news broke, ahead of Q2 2026 earnings due Wednesday, July 22. Google is building a chip designed for one job: running Gemini faster and cheaper.The chip, codenamed Frozen v2, was reported by The Information on Monday and gives Google a potential answer to a problem it can’t spend its way…

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