Why did the RedStone airdrop anger the masses? Who are the winners in Trump's "crypto reserve" promise?
Author: Alex Liu, Foresight News
Illustration: Raven, Foresight News
Note: The "Weekly Hot Search" statistics are based on user search results on Foresight News from last Friday to this Thursday (February 28 to March 6), and the same concepts have been merged in terms of capitalization.
RedStone Airdrop Controversy
On the evening of March 6, Binance officially announced that due to the temporary change in the community airdrop distribution plan by the RedStone (RED) project team, Binance has suspended the originally scheduled RedStone trading listing plan starting at 9:00 PM on March 6, 2025, and the resumption time is to be determined. This is the first time Binance has announced the suspension of the listing of a project after the announcement.
RedStone subsequently announced an immediate change to the RED airdrop selection process and distribution. In the first Miner airdrop, it allocated 5% of the total RED supply, and now it will allocate an additional 2% of the total RED supply from the "ecosystem and data providers" to recognize the contributions of community members who were overlooked in the initial airdrop distribution.
Why did the RedStone airdrop anger the masses? Recommended reading: Only 4,000 qualified addresses, RedStone airdrop angered the masses? Completed hundreds of tasks, ranked high in points, but had no role in DC - no airdrop.
The Winners of Trump's "Crypto Reserve"
On March 2, a tweet by US President "Trump" on the Truth Social platform plunged the crypto market into a frenzy: "The US Crypto Currency Reserve will boost this critical industry, which the Biden Administration has corruptly attacked for years. My Digital Asset Executive Order directs the Presidential Working Group to advance a crypto strategy including XRP, SOL and "ADA". I will ensure America becomes the world capital of Cryptocurrency. We are making America Great Again!"
Cardano (ADA) became the biggest winner - its price soared 60% within 24 hours, and its market cap returned to the global top ten. This is not the first time ADA has skyrocketed due to "policy narratives" in a bull market. Why can a public chain that has long been criticized for "ecological emptiness" always rise to power by seizing the opportunity? Recommended reading: Why do people always buy into ADA? Cardano's narrative survival skills How to use political tactics and imaginative storytelling to continuously "harvest faith" in the crypto chaos?
For an in-depth analysis of Trump's crypto policy, we recommend reading: Commentary: Why should the crypto industry be wary of Trump? Trump's crypto policy may seem to open the green light for the industry, but it actually hides traps.
More Hot Search Highlights
- On March 4, "Monad" tweeted that the testnet has launched an NFT weekly activity.
- WLFI Co-founder: WLFI is one of the biggest supporters of "Ethereum", and can serve as the ETH representative at the White House crypto summit.
- "Bybit" will list the "ROAM" USDT perpetual contract.
- "Sui" has established a partnership with the Trump family crypto project WLFI, and WLFI will include SUI in its strategic token reserve.
- Aave founder: Planning to create sGHO, a low-risk savings product.
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