News Preview:

• Binance Launchpool will list Nillion (NIL), and NIL spot trading pairs will be launched on March 24;
• Berachain Foundation announces the launch of PoL on March 24, entering the first phase of governance;
• Celo mainnet will upgrade to Ethereum L2 on March 26;
• Ethereum Foundation announces the activation of Pectra upgrade on Hoodi testnet on March 26;
• US Senate to hold confirmation hearing for Paul Atkins as SEC Chairman on March 27;
• Walrus Foundation raises $140 million from a16z and others, planning to launch Walrus mainnet on March 27

March 24

Exchanges:

Binance Launchpool will list Nillion (NIL), and NIL spot trading pairs will be launched on March 24

According to Binance's announcement, Nillion (NIL) will be the 65th project on 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 NIL Airdrop by locking BNB, FDUSD, and USDC. The Airdrop will start on March 21, 2025, at 08:00 UTC+8 and last for three days. Nillion (NIL) will be listed on Binance on March 24, 2025, at 21:00 UTC+8, with NIL/USDT, NIL/BNB, NIL/FDUSD, NIL/USDC, and NIL/TRY trading pairs. This listing will bring 35 million NIL as Launchpool rewards, accounting for 3.5% of the total supply. The initial circulating supply will be 195 million NIL (19.52% of the total supply).

Additionally, HTX will jointly launch NIL (Nillion) on March 24 at 21:00 (GMT+8).

Bithumb announces suspension of Korean won deposits and withdrawals on March 24 due to bank transfer system maintenance

Bithumb announces the suspension of Korean won deposits and withdrawals on March 24 due to bank transfer system maintenance, planned suspension time: March 24, 2025 (Monday) 00:30 KST ~ March 24, 2025 (Monday) 11:00 KST.

Bithumb: Plans to terminate trading support for Bitcoin Gold (BTG) and VALOR token on March 24

Korean crypto exchange Bithumb announces plans to terminate trading support for Bitcoin Gold (BTG), with trading (buy/sell) termination planned for March 24, 2025, at 15:00, and withdrawal support termination planned for April 23, 2025, at 15:00. Technical support (mainnet, hard fork, airdrop, exchange, etc.) may stop after withdrawal support ends, and withdrawals may be restricted. Additionally, Bithumb announces plans to terminate VALOR token trading support, with trading (buy/sell) termination planned for March 24, 2025, at 15:00, and withdrawal support termination planned for April 23, 2025, at 15:00.

The U.S. Senate Committee hearing will be held on March 27, and Paul Atkins may be closer to becoming the new SEC chairman friendly to cryptocurrencies. President Trump nominated Atkins to lead the SEC on December 4, but his marriage to a billionaire family reportedly raised issues in financial disclosure, delaying his potential appointment. While it is unclear whether the White House has submitted the relevant documents, according to Eleanor Mueller's X post on March 17, Senate Banking, Housing, and Urban Affairs Committee Chairman Tim Scott plans to hold a hearing on March 27 to review Atkins' qualifications. Mueller also stated that the Senate Banking Committee plans to hold a bipartisan meeting on March 21 regarding Atkins' nomination.

Additionally, also in attendance will be OCC nominee Jonathan Gould and Treasury Assistant Secretary nominee Luke Pettit. Atkins, a former SEC commissioner who has long supported digital asset policies, if confirmed, will continue the pro-crypto regulatory shift initiated by the Trump administration. As a key regulatory agency overseeing national banks, the OCC may also play a role in stablecoin issuance regulation in the future, and these nominations will directly impact the compliance path and banking access prospects for the crypto industry.

Exchanges:

Binance's first voting listing activity will end in the early morning of March 27, focusing initially on tokens based on the BNB chain

Binance is inviting users to vote on the first batch of listing projects through the official post on Binance Square. The first voting listing pool only includes BNB Smart Chain tokens from Binance Alpha. Future voting rounds will expand to all tokens in Binance Alpha. Various factors will be considered, including project fundamentals, performance metrics, tokenomics, secondary market performance, technical risk assessment, team background, and compliance review.

This voting listing will be open for 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 for listing after completing official due diligence and procedures.

Voting period is from March 19, 2025, 17:00 (UTC) to March 26, 2025, 16:59 (UTC). Voting rules: ①Each user can vote for up to 5 projects, with fewer votes allowed; each verified account can cast only one vote per project. ②Users must log into their verified Binance account and hold at least 0.01 BNB in their main account throughout the voting period to make their vote valid.

Project Updates:

Grass Foundation: GRASS Airdrop One claim period expected to end on March 27

The Grass Foundation announced on X that the GRASS Airdrop One claim period has been extended, with the extended claim period expected to end at block 329341917, anticipated to be on March 27, 2025. To qualify for Airdrop One, users need to obtain 500+ Grass Points and link their wallet on the Grass dashboard before 20:00 UTC on October 14, 2024.

Walrus Foundation raises $140 million from a16z and others, plans to launch Walrus mainnet on March 27

The Walrus Foundation announced successful fundraising of $140 million, with primary investors including Standard Crypto, and others such as a16z crypto, Electric Capital, Creditcoin, Lvna Capital, Protagonist, Franklin Templeton Digital Assets, Karatage, RW3 Ventures, Comma3 Ventures, and The Raptor Group. This fundraising was completed through the sale of Walrus protocol's cryptocurrency $WAL, with the total supply estimated to be valued at $2 billion. The Walrus protocol was developed by Mysten Labs, a company founded by former Meta employees and known for its high-speed Sui blockchain. Walrus aims to address existing storage protocol limitations in scalability, security, and flexibility by providing faster, cheaper decentralized storage. Although Walrus is still in the testing phase, Mysten Labs has already built a website hosting service on the protocol and plans to launch on March 27.

Token Unlocks:

Yield Guild Games (YGG) will unlock approximately 14.08 million tokens on March 27 at 10 PM Beijing time, representing 3.28% of current circulation, valued at around $3 million

Tornado Cash (TORN) will unlock approximately 91,700 tokens on March 27 at 11:30 AM Beijing time, representing 2.41% of current circulation, valued at around $1.1 million

March 28

Exchanges:

Indian crypto exchange WazirX will complete voting on the proposed restructuring plan on March 28

WazirX posted on X that the next key step is to vote on the proposed restructuring plan, with the voting period planned from March 19 to March 28, 2025. Asset reallocation distribution: If most creditors vote in favor, within 10 working days after the restructuring plan takes effect, approximately 85% of account balances (as of 1 PM Indian Standard Time on July 18, 2024) will be distributed to plan creditors.

21Shares plans to liquidate two Bitcoin and Ethereum futures ETFs around March 28

21Shares US LLC announced plans to liquidate two Bitcoin and Ethereum futures ETFs, namely ARK 21Shares Active Bitcoin Ethereum Strategy ETF (Cboe BZX: ARKY) and ARK 21Shares Active On-Chain Bitcoin Strategy ETF (Cboe BZX: ARKC). Shareholders can sell their fund shares before the end of the trading day on Thursday, March 27, 2025, with regular brokerage fees potentially applied. The last trading day for both funds is March 27, 2025. The funds will be liquidated around March 28, 2025. Shareholders continuing to hold fund shares on the liquidation date will receive a liquidation distribution equal to their proportional stake in the fund that day. Shareholders receiving liquidation distribution typically realize capital gains or losses equivalent to their shares' net asset value.

Binance's first voting delisting activity will end on March 28, with 21 tokens in the "voting" pool

Binance has launched its first delisting vote, allowing users to vote for up to 5 projects in the "vote to delist" pool, with each verified account able to cast one vote per project. Users must log into their verified Binance account and hold at least 0.01 BNB in their main account throughout the voting period to make their vote valid. Voting period is from March 21, 2025, 06:30 (UTC) to March 27, 2025, 23:59 (UTC). Voting results are not the sole factor in the final delisting decision. Project monitoring is still under evaluation, and the final decision will be made by Binance according to its official review process and standards. The delisting timeline will depend on Binance's procedures. This voting includes options for 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 launch BitcoinFi Accelerator Phase 2, with applications closing on March 28

BoostVC, Draper Associates, and Thesis have launched BitcoinFi Accelerator Phase 2, offering participants $150,000 in initial funding in exchange for 5% equity, mentorship, technical support, and access to go-to-market (GTM) and venture capital (VC) networks. Applications will close on March 28.

Token Unlocks:

Velo (VELO) will unlock approximately 182 million tokens on March 28 at 8 AM Beijing time, representing 2.47% of current circulation, valued at around $2.4 million

Undeads Games (UDS) will unlock approximately 2.15 million tokens on March 28 at 8 AM Beijing time, representing 3.00% of current circulation, valued at around $2.1 million

Artificial Superintelligence Alliance (FET) will unlock approximately 3.24 million tokens on March 28 at 8 AM Beijing time, representing 0.12% of current circulation, valued at around $1.7 million

SingularityNET (AGIX) will unlock approximately 7.48 million tokens on March 28 at 8 AM Beijing time, representing 2.40% of current circulation, valued at around $1.7 million

March 29

None

March 30

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