What to watch next week | Market closely watches the US tariff announcement on April 2; Terra opens the channel for creditor claims (3.31-4.6)

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ODAILY
03-30
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Key Events Next Week

March 31

Terraform Labs: Launching Creditor Claim Portal on March 31, with Maximum Compensation of $500 Million

April 2

Market Closely Watching US Tariff Announcement on April 2;

US Stablecoin Bill to be Advanced in House Committee on April 2;

April 4

(23:25) Powell to Deliver Speech on April 4;

Others (Specific Time Unconfirmed)

Ethena: Season3 Airdrop to be Queryable in First Week of April;

From March 31 to April 6, here are more industry events worth noting.

March 31

Terraform Labs: Launching Creditor Claim Portal on March 31, with Maximum Compensation of $500 Million

Odaily reports that the bankrupt blockchain company Terraform Labs announced the official opening of the crypto creditor claim application channel on March 31, with a claim deadline of April 30. According to the company's claim guidelines, creditors need to submit proof of asset ownership, including wallet addresses and exchange API keys. Using "manual evidence" like transaction records will face a longer review process.

The company promised in its court-approved restructuring plan from last September to pay creditors between $185 million and $442 million in compensation, sourced from part of the $4.47 billion settlement with the SEC. Notably, the SEC has agreed to prioritize payment to ordinary creditors over regulatory fines. This claim involves investors affected by the $40 billion Terra ecosystem collapse in 2022.

(The Block)

Binance to Delist Stablecoins Not Compliant with MiCA in European Economic Area on March 31

Odaily reports that according to the latest EU guidelines on stablecoins, Binance is adjusting the availability of stablecoins in the EEA that do not meet MiCA standards to comply with regulatory requirements. Affected assets include USDT, FDUSD, TUSD, USDP, DAI, AEUR, UST, USTC, and PAXG. Stablecoin pairs compliant with MiCA (such as USDC and EURI) and fiat currency pairs (EUR) will remain unchanged.

From 2025-03-31 23:59 (UTC), Binance will restrict spot trading pairs of non-MiCA compliant stablecoins for EEA users according to the following schedule:

Spot Trading: From April 1, 2025, 07:59 (Beijing time), spot trading pairs of non-MiCA compliant stablecoins will be completely delisted, and users can still sell remaining assets through Binance Convert.

Leverage Trading: From March 27, 2025, 15:00 (Beijing time), non-MiCA compliant leverage trading pairs will be completely delisted. Binance will automatically convert users' related assets and liabilities to USDC and cancel all pending orders.

Coinbase Derivatives Platform Plans to Launch NGS and ADA Futures, Expected on March 31

Odaily reports that Coinbase Derivatives plans to further expand its derivatives market by submitting a self-certification application to the CFTC to launch Natural Gas (NGS) and Cardano (ADA) futures.

According to the official announcement, the application is still under review, and if approved, it is expected to be officially launched on March 31. This move will make Coinbase Derivatives' product layout in energy and cryptocurrency derivatives markets more diverse.

MicroStrategy to Distribute Quarterly Cash Dividend, Payment Date on March 31

Odaily reports that according to MicroStrategy's latest 8-K filing, the company did not sell any Class A common shares or purchase new Bit between February 24 and March 2. As of March 2, 2025, MicroStrategy and its subsidiaries hold 499,096 Bit, with a cumulative purchase cost of approximately $33.1 billion and an average purchase price of $66,357. Additionally, the company's board announced that Series A Perpetual Preferred Stock (STRK) will distribute a quarterly cash dividend of $1.24 per share at 8.00%, with the payment date on March 31 and record date on March 15. (Jin10)

Mai l3 Announces Maintenance Stoppage on March 31

Odaily reports that according to its official website, Web3 communication protocol Mai l3 announced it will stop maintenance on March 31, and users need to back up important data to avoid loss. Mai l3 was launched in 2022 and can generate an email address using an address or domain name.

April 1

New Cayman Islands Regulations to Take Effect on April 1, Requiring Crypto Custody and Trading Companies to Obtain Licenses

Odaily reports that according to the updated regulations "Virtual Asset Service Providers (Amendment) Ordinance" effective April 1, 2025, the Cayman Islands will require crypto custody and trading companies to obtain licenses to operate. Companies already operating in the country must submit applications by June 29, 2025, detailing asset security measures and operational details. Reportedly, major crypto companies like Coinbase, Binance, and Bitwise have already obtained licenses in the Cayman Islands, and some companies like Sui Foundation have established their headquarters there. (Coindesk)

Astar: Astar zkEVM to Shut Down, Recommends Users Withdraw Before April 1

Odaily reports that Astar officially announced on X that the Astar zkEVM network shutdown is approaching and recommends users withdraw all assets before April 1.

Previously, Astar had announced in January the beginning of Astar zkEVM's migration to Soneium.

April 2

Market Closely Watching US Tariff Announcement

Odaily reports that April 2 is the date of the globally watched Trump reciprocal tariff announcement. Before this, due to uncertainty about the specific tariffs Trump will implement, investors tend to adopt a cautious attitude.

Augustine Fan, partner at SignalPlus, pointed out that market direction clarity will await the key policy node on April 2, with the next important catalyst being the "Liberation Day" tariff announcement. As the Trump administration is set to announce a new round of tariff plans that day, macroeconomic policy uncertainty may again become a trigger breaking the crypto market balance. (Businesstime)

US Stablecoin Bill to be Advanced in House Committee on April 2

Odaily reports that the US House Financial Services Committee plans to advance stablecoin regulatory legislation on April 2. The bill has bipartisan support in both the House and Senate and is considered a priority for the crypto industry.

Earlier this month, the Senate Banking Committee passed a similar bill, indicating that Congress is moving towards establishing a federal regulatory framework for stablecoins. Industry insiders believe this legislative progress reflects the growing influence of the crypto industry in Washington and the urgent need for clear regulatory guidance. (Bloomberg)

April 3

None

April 4

Powell to Deliver Speech

Odaily reports that Federal Reserve Chairman Powell will deliver a speech at 23:25 Beijing time on April 4.

UniSat: Starting from April 4th, Will No Longer Support Atomicals Protocol, Recommends Users Transfer Assets Promptly

Odaily News reports that UniSat posted on X platform, announcing that from 02:00 Eastern Time on April 4th, 2025, it will no longer support the Atomicals protocol and will update its extension wallet to version 1.6.0. Users are advised to transfer Atomicals assets to compatible wallets as soon as possible, as Atomicals assets will not be viewable in UniSat wallet after April 4th.

April 5th

None

April 6th

None

Others (Specific Time Unconfirmed)

Ethena: Season 3 Airdrop Query to Open in First Week of April, Season 4 Activity Already Started

Odaily News reports that an Ethena team member announced in the official Discord channel that the query page for Season 3 airdrop will be launched in the first week of April, with the official team to provide more details about Season 3 airdrop allocation beforehand.

Additionally, Ethena announced that Season 4 activity will start from March 24th and continue for 6 months until September 24th.

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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