News preview:
- Binance Launchpool will list Nillion (NIL) and will launch NIL spot trading pairs on March 24;
- The Berachain Foundation announced that it will launch PoL on March 24, and governance will enter the first phase;
- Celo mainnet will be upgraded to Ethereum L2 on March 26;
- The Ethereum Foundation announced that the Pectra upgrade will be activated on the testnet Hoodi on March 26;
- The U.S. Senate is scheduled to hold a hearing on Paul Atkins' qualifications to serve as SEC Chairman on March 27;
- Walrus Foundation raised $140 million from a16z and others, and plans to launch the Walrus mainnet on March 27
March 24
Exchange:
Binance Launchpool will list Nillion (NIL) and will launch NIL spot trading pairs on March 24
According to the Binance announcement, Nillion (NIL) will become the 65th project of Binance Launchpool. Nillion is a decentralized network that uses blind computing to achieve secure data processing and storage while ensuring privacy. Users can participate in the NIL airdrop by locking BNB, FDUSD and USDC. The airdrop event will start at 08:00 UTC+8 on March 21, 2025 and last for three days. Nillion (NIL) will be listed on Binance at 21:00 UTC+8 on March 24, 2025, and will open NIL/USDT, NIL/BNB, NIL/FDUSD, NIL/USDC and NIL/TRY trading pairs. This launch will bring 35 million NIL as Launchpool rewards, accounting for 3.5% of the total supply. The initial circulating supply is 195 million NIL (accounting for 19.52% of the total supply).
In addition, Huobi HTX will jointly launch NIL (Nillion) for the first time at 21:00 (GMT+8) on March 24 .
Bithumb announced that it plans to suspend Korean won deposit and withdrawal services on March 24 due to bank transfer system maintenance. The planned suspension time is: 2025. 3. 24. (Monday) 00:30 KST ~ 2025. 3. 24. (Monday) 11:00 KST.
Bithumb: Plans to terminate trading support for Bitcoin Gold (BTG) and VALOR tokens on March 24
South Korean cryptocurrency exchange Bithumb announced that it plans to terminate trading support for Bitcoin Gold (BTG). Trading (buy/sell) is scheduled to end at 15:00 on Monday, March 24, 2025, and withdrawal support is scheduled to end at 15:00 on Wednesday, April 23, 2025. After the withdrawal support ends, related technical support (mainnet, hard fork, airdrop, exchange, etc.) may be stopped, and withdrawals may be restricted. In addition, Bithumb announced that it plans to terminate trading support for VALOR tokens . Trading (buy/sell) is scheduled to end at 15:00 on Monday, March 24, 2025, and withdrawal support is scheduled to end at 15:00 on Wednesday, April 23, 2025.
Project dynamics:
Sky Governance has approved a reduction in the Sky Savings Rate to 4.5%, scheduled to take effect at 22:00 (UTC+8) on March 24.
Arcium, the confidential computing network, will launch a community round on CoinList on March 24, with a total supply of 1 billion tokens (SPL standard), 100% unlocked at TGE, and only unlocked tokens can be used for staking. The tokens are used for node activation, computing payment and governance, and have a dynamic supply mechanism to cope with changes in network load. The distribution ratio includes: 20% for the community (including 2% for CoinList), 20.8% for core contributors, 20.4% for VC, 28% for ecology and treasury, 5.8% for angel investors, and 5% for validators.
Berachain Foundation: PoL will be launched on March 24, and governance will enter the first phase
The Berachain Foundation announced that PoL (Proof of Liquidity) will be officially launched on March 24, governance will enter the first phase, the incentive mechanism will take effect, and the new reward pool will be released. This change means that BGT holders will have more control and profit opportunities, will determine the direction of incentives, and support the allocation of incentives to users, applications, and validators.
Token unlocking:
MMX (MMX) will unlock approximately 1.67 million tokens at 8:00 am Beijing time on March 24, accounting for 1.07% of the current circulation and worth approximately US$1.1 million.
March 25
Project dynamics:
Taproot Wizards plans to auction 2,121 NFTs to raise $34 million, starting on March 25
The Bitcoin Ordinals project Taproot Wizards plans to auction 2,121 NFTs to raise $34 million. The project sold 3,000 "quantum cats" last year to raise support for the Bitcoin Improvement Proposal (BIP) OP_CAT. Despite being plagued by technical problems, the series sold out quickly, raising 300 BTC in the process. Starting March 25, Wizards will be sold to whitelisted buyers at a price of 0.2BTC ($16,000), and unsold ones will be sold in a Dutch auction.
Token unlocking:
AltLayer (ALT) will unlock approximately 240 million tokens at 6:00 pm Beijing time on March 25, accounting for 8.6% of the current circulation and worth approximately US$9.8 million.
Venom (VENOM) will unlock approximately 59.26 million tokens at 4:00 pm Beijing time on March 25, accounting for 2.9% of the current circulation and worth approximately US$7 million.
March 26
Project dynamics:
Pump.fun plans to expand to Binance Smart Chain (BSC) on March 26
Pump.fun previously integrated a link button to MEXC DEX transactions in the trading panel. Users can directly jump to DEX Plus launched by MEXC Exchange for trading. On March 19, MEXC Exchange launched DEXPlus, a hybrid product of CEX and DEX. It currently supports the Solana ecosystem, allowing users to trade on-chain tokens on Raydium and pump.fun directly on the MEXC exchange client and website. According to official introduction, it is planned to expand to Binance Smart Chain (BSC) on March 26.
Celo mainnet will be upgraded to Ethereum L2 on March 26
Celo will officially activate the Ethereum L2 mainnet at 11:00 (Beijing time) on March 26, 2025, with a hard fork block height of 31057000. After the upgrade, the block time will be shortened from 5 seconds to 1 second, while retaining the complete on-chain history to ensure network transparency. In addition, this upgrade reduces 365,000 lines of code, reduces the technical burden, and supports trustless upgrades, making node operations more efficient.
The Ethereum Foundation stated in an official blog that during the activation of the Pectra testnet, problems with the configuration changes of the deposit contract on the Ethereum testnet were exposed in the client. While the recovery process of the Sepolia network was relatively straightforward and has now been fully restored, the Holesky network has seen a large number of inactive leaks in the recovery mechanism. The Holesky network has since completed final confirmation, but it will take about a year for the exiting validators to be completely removed from the validator set. While stakers can test deposits, mergers, and all other Pectra functions, the size of the exit queue makes Holesky unusable for testing the full validator lifecycle within a reasonable timeframe. To address this issue, a new testnet has been launched: Hoodi. It will activate the Pectra network upgrade at epoch 2048 (15:37:12, Wednesday, March 26, 2025, Beijing time). In the future, staking operators and infrastructure providers should use Hoodi for validator testing. To allow time for migration, the Holesky testnet will be supported until September 2025. In addition to validator exits, all other Pectra functions can be tested on Holesky.
Token unlocking:
Ethena (ENA) will unlock approximately 7.93 million tokens at 3:00 p.m. Beijing time on March 26, accounting for 0.15% of the current circulation, with a value of approximately US$2.9 million.
Eigenlayer (EIGEN) will unlock approximately 1.29 million tokens at 3:00 am Beijing time on March 26, accounting for 0.53% of the current circulation and worth approximately US$1.5 million.
March 27
Regulatory policies:
Paul Atkins could be one step closer to becoming the new crypto-friendly chairman of the Securities and Exchange Commission, with a U.S. Senate committee hearing set to take place on March 27. U.S. President Trump nominated Atkins to lead the SEC on Dec. 4, but his marriage to a billionaire family allegedly raised issues with financial disclosures, causing his potential start date to be delayed. While it’s unclear if the White House has submitted the relevant documents to the Senate, Senate Banking, Housing, and Urban Affairs Committee Chairman Tim Scott plans to hold a hearing on March 27 to review Atkins’ qualifications, according to Semafor’s Eleanor Mueller in a March 17 X post. Mueller also said the Senate Banking Committee plans to hold a bipartisan meeting on Atkins’ nomination on March 21.
In addition, Jonathan Gould, nominee of the Office of the Comptroller of the Currency (OCC), and Luke Pettit, nominee of the Assistant Secretary of the Treasury, were also present . Atkins was a former SEC commissioner and has long supported digital asset policies. If confirmed, he will continue the pro-crypto regulatory shift promoted by the Trump administration. As a key institution for regulating banks across the United States, the OCC may also play the role of a regulator of stablecoin issuance in the future. The relevant nominations will directly affect the compliance path of the crypto industry and the prospects for bank access.
Exchange:
Binance now invites users to vote for the first batch of voting listing projects through the official post on Binance Square . The first voting pool only includes BNB Smart Chain tokens in Binance Alpha. Future voting rounds will be expanded to all tokens in Binance Alpha. A variety of factors will be considered to determine the voting pool, including project fundamentals and performance indicators, token economics, secondary market performance, technical risk assessment, team background, and compliance review.
This round of voting will be open to the following projects: BANANAS31 (Banana For Scale), BID (CreatorBid), Broccoli (Broccoli), Broccoli (CZ'S Dog), KOMA (Koma Inu), SIREN (SIREN), mubarak (mubarak), TUT (Tutorial), WHY (why). Binance will select two tokens to be listed on Binance after completing official due diligence and procedures.
The voting period is from 17:00 (UTC) on March 19, 2025 to 16:59 (UTC) on March 26, 2025. Voting method: ① Each user can vote for up to 5 projects and can choose to vote for fewer projects; each verified account can only be assigned one vote for one project. ② Users must log in to their verified Binance account and hold at least 0.01 BNB in their main account throughout the voting period for their vote to be valid.
Project dynamics:
Grass Foundation: GRASS Airdrop One application period is expected to be extended to March 27
The Grass Foundation announced on the X platform that the GRASS Airdrop One claim period has been extended, and the extended claim period is scheduled to end at block 329341917, which is expected to end on March 27, 2025. To be eligible for Airdrop One, you need to obtain 500+ Grass Points and link your wallet on the Grass dashboard before 20:00 UTC on October 14, 2024.
The Walrus Foundation announced that it has successfully raised $140 million in funds, with Standard Crypto as the main investor, and other investors including a16z crypto, Electric Capital, Creditcoin, Lvna Capital, Protagonist, Franklin Templeton Digital Assets, Karatage, RW3 Ventures, Comma3 Ventures and The Raptor Group. The fundraising was completed through the sale of $WAL, the cryptocurrency of the Walrus protocol, and the total supply of the cryptocurrency is expected to be valued at $2 billion. The Walrus protocol was developed by Mysten Labs, which was founded by former Meta employees and is known for its high-speed blockchain Sui. Walrus aims to solve the shortcomings of existing storage protocols in scalability, security and flexibility by providing faster and cheaper decentralized storage. Although Walrus is still in the testing phase, Mysten Labs has built a website hosting service based on the protocol and plans to launch it on March 27.
Token unlocking:
Yield Guild Games (YGG) will unlock approximately 14.08 million tokens at 10:00 pm Beijing time on March 27, accounting for 3.28% of the current circulation and worth approximately US$3 million.
Tornado Cash (TORN) will unlock approximately 91,700 tokens at 11:30 am Beijing time on March 27, accounting for 2.41% of the current circulation and worth approximately US$1.1 million.
March 28
Exchange:
Indian Crypto Exchange WazirX to Complete Voting on Proposed Restructuring Plan on March 28
Indian crypto exchange WazirX posted on the X platform that its next key step is to vote on the proposed restructuring plan, and the voting period is scheduled to be held from March 19 to March 28, 2025. Distribution after asset rebalancing: After the rebalancing is completed, if the majority of creditors vote in favor, then within 10 business days after the restructuring plan takes effect, approximately 85% of their account balances (value as of 1 pm Indian Standard Time on July 18, 2024) will be distributed to the plan creditors.
21Shares plans to liquidate two Bitcoin futures and Ethereum futures ETFs around March 28
21Shares US LLC announced plans to liquidate two Bitcoin and Ethereum futures ETFs, the ARK 21Shares Active Bitcoin Ethereum Strategy ETF (Cboe BZX: ARKY) and the ARK 21Shares Active On-Chain Bitcoin Strategy ETF (Cboe BZX: ARKC). Shareholders may sell their holdings in the Funds until the close of trading on Thursday, March 27, 2025, and such transactions may be subject to customary brokerage fees. The last trading day for both funds will be March 27, 2025. The Funds will be liquidated on or about March 28, 2025. Shareholders who continue to hold Fund shares on the Fund's liquidation date will receive a liquidation distribution equal to their pro rata ownership interest in the Fund on that date. Shareholders who receive a liquidation distribution will generally realize a capital gain or loss equal to the net asset value of their shares.
Binance has launched the first batch of voting to delist. Each user can vote for up to 5 projects in the "Vote to Delist" pool. Each verified account can only vote once for each project. Users must log in to their verified Binance account and hold at least 0.01 BNB in their main account throughout the voting period for their vote to be valid. The voting time is from 06:30 (UTC) on March 21, 2025 to 23:59 (UTC) on March 27, 2025. The voting results are not the only factor that determines the final delisting decision. Project monitoring is still under evaluation, and the final decision will be made by Binance based on Binance's official review process and standards. In addition, the delisting timeline will depend on Binance's procedures. The options for this vote include JASMY, ZEC, FTT, ELF, SNT, STPT, BAL, ARK, GPS, MBL, PROS, CTXC, HARD, BETA, CREAM, FIRO, VIDT, NULS, TROY, ALPACA, UFT.
Developer Activities:
BoostVC, Draper Associates, and Thesis have launched the second phase of the BitcoinFi Accelerator, where participants can receive $150,000 in initial funding in exchange for 5% equity, mentorship and technical support, as well as access to market development (GTM) and venture capital (VC) networks. Applications will close on March 28.
Token unlocking:
Velo (VELO) will unlock approximately 182 million tokens at 8:00 am Beijing time on March 28, accounting for 2.47% of the current circulation and worth approximately US$2.4 million.
Undeads Games (UDS) will unlock approximately 2.15 million tokens at 8:00 am Beijing time on March 28, accounting for 3.00% of the current circulation and worth approximately US$2.1 million.
Artificial Superintelligence Alliance (FET) will unlock approximately 3.24 million tokens at 8:00 am Beijing time on March 28, accounting for 0.12% of the current circulation, with a value of approximately US$1.7 million.
SingularityNET (AGIX) will unlock approximately 7.48 million tokens at 8:00 am Beijing time on March 28, accounting for 2.40% of the current circulation and worth approximately US$1.7 million.
March 29
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March 30
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