Compiled by: Jerry, ChainCatcher
Key news:
- Binance will list Nillion (NIL) and will launch NIL spot trading pairs on March 24
- Berachain Foundation: PoL will be launched on March 24, and governance will enter the first phase
- Celo will activate a hard fork to transition to Ethereum L2 on March 26
- Ethereum Foundation announces that the Pectra upgrade will be activated on the Hoodi testnet on March 26
- Paul Atkins, the nominee for SEC chairman, will be reviewed by a Senate panel on March 27
- Binance’s first round of voting for listings will end in the early hours of March 27, with the first batch specifically targeting tokens based on the BNB chain.
- Walrus announced that the mainnet will be officially launched on March 27 and announced the token economic model
- Binance’s first batch of voting tokens will end on March 28, and the “Voting” pool will include 21 tokens
March 24 (Monday)
Binance will list Nillion (NIL) and will launch NIL spot trading pairs on March 24
Binance announced that it will launch the 65th project Nillion (NIL) on the Launchpool platform. Nillion is a decentralized network that uses blind computing technology to achieve secure data processing and storage while protecting privacy.
According to the announcement, users can lock BNB, FDUSD and USDC to participate in the three-day mining, starting at 00:00 (UTC) on March 21, 2025, and receive NIL token airdrops. The Launchpool webpage is expected to be online within 12 hours after the announcement.
The NIL token will be listed on Binance at 13:00 (UTC) on March 24, 2025, with NIL/USDT, NIL/BNB, NIL/FDUSD, NIL/USDC and NIL/TRY trading pairs available. The token will be marked with a Seed Tag.
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 for users, applications, and validators.
According to the official announcement, 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.
Bithumb: Plans to terminate VALOR token trading support on March 24
According to the official announcement, Bithumb announced that it intends to terminate VALOR token trading support. The trading (buy/sell) termination time is scheduled to be 15:00 on Monday, March 24, 2025, and the withdrawal support termination time is scheduled to be 15:00 on Wednesday, April 23, 2025. It is reported that when the trading support ends, the API trading support for the virtual asset will stop, and all outstanding orders (buy/sell) will be cancelled.
Sky Governance has approved a reduction in Sky's savings rate to 4.5%, to take effect on March 24
According to the official announcement, Sky Governance has approved the reduction of Sky Savings Rate to 4.5%, which is scheduled to be implemented at 22:00 (UTC+8) on March 24.
According to official news, CoinList will launch the fourth round of Arcium community token sales at 17:00 Beijing time on March 24. The initial token FDV is 200 million US dollars, and the price of a single token is 0.2 US dollars. It is expected that all tokens will be unlocked during the TGE in the third quarter of this year.
Arcium is a cryptographic supercomputer that provides a trustless, verifiable, and high-performance cryptographic computing framework for developers, applications, and industries.
March 25 (Tuesday)
Taproot Wizards plans to start auctioning 2,121 NFTs on March 25 to raise $34 million
According to CoinDesk, 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 issues, the series quickly sold out, raising 300 BTC in the process.
It is reported that these NFTs were minted two years ago but have not been sold. Starting from March 25, Wizards will sell them to whitelisted buyers at a price of 0.2 BTC (US$16,000). Those that are not sold will be sold through Dutch auctions.
March 26 (Wednesday)
Celo will activate a hard fork to transition to Ethereum L2 on March 26
Celo announced that its mainnet activation date for transitioning to Ethereum L2 is March 26, 2025 at 11:00, with a hard fork block height of 31057000. After the upgrade, Celo L2 will reduce the block time from 5 seconds to only 1 second. Celo's full history and block height remain unchanged, allowing users to find past transactions.
Earlier news , Coinbase announced that it would not support the migration of Celo blockchain, which caused dissatisfaction in the community.
Ethereum Foundation: New testnet Hoodi will activate Pectra network upgrade on March 26
The Ethereum Foundation stated in its 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 on the client side. 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, merges, and all other Pectra features, the size of the exit queue makes Holesky impossible to use for testing the full validator lifecycle within a reasonable timeframe.
To address this, a new testnet has been launched: Hoodi. It will activate the Pectra network upgrade at epoch 2048 (15:37:12 GMT+8 Wednesday, March 26, 2025). 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. Except for validator exits, all other Pectra features can be tested on Holesky.
Summary of testnet and its uses:
Holesky: Validator and staking provider (expected end date September 30, 2025). Client developers will also use Holesky to test gas limit increases and other protocol stress tests.
Sepolia: Application and tool developer (expected termination date September 30, 2026).
Hoodi: Validator and staking provider (expected termination date is September 30, 2028).
Planned Sepolia replacement: Expected launch in March 2026.
March 27 (Thursday)
Paul Atkins, the nominee for SEC chairman, will be reviewed by a Senate panel on March 27
According to CoinDesk, Paul Atkins, the nominee for chairman of the U.S. Securities and Exchange Commission (SEC), will undergo a confirmation hearing by the U.S. Senate Banking Committee on March 27.
Paul Atkins, a former SEC commissioner and supporter of digital assets, runs a Washington firm that provides financial compliance consulting to clients. He is expected to continue the SEC's pro-cryptocurrency policy started by Acting Chairman Mark Uyeda. If the Banking Committee votes to approve these nominations, the full Senate will hold a confirmation vote, and they can only officially take office after confirmation.
Binance announced the launch of its first voting coin listing event. After completing official due diligence and procedures, two tokens will be selected from the following to be listed on Binance: BANANAS31 (Banana For Scale), BID (CreatorBid), Broccoli (Broccoli; F3b), Broccoli (CZ'S Dog), KOMA (Koma Inu), SIREN (SIREN), mubarak (mubarak), TUT (Tutorial), and WHY (why).
The voting period is from 17:00 (UTC) on March 19, 2025 to 16:59 (UTC) on March 26, 2025. Voting method: 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. 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.
According to official news, the blockchain storage protocol Walrus announced that the mainnet will be officially launched on March 27, and announced its token economic model. More than 60% of WAL tokens will be allocated to the community for airdrops, grants, developer support, incentive programs and storage subsidies. The specific allocation is as follows:
- 10% - Walrus User Airdrop: allocated to early adopters and reserved for future distribution;
- 43% - Community Reserve: for grants, developer support, incentive programs, and other ecosystem initiatives;
- 30% - Core Contributors: allocated to early builders of Walrus;
- 10% - Subsidy: used to support storage nodes as the fee base grows;
- 7% - Investors: allocated to investors who participated in the financing;
March 28 (Friday)
Indian Crypto Exchange WazirX to Complete Voting on Proposed Restructuring Plan on March 28
Indian crypto exchage WazirX said in a post on the X platform that the next key step is to vote on the proposed restructuring plan.
Voting Period: Scheduled to be held from March 19 to March 28, 2025. Distribution after Rebalancing of Assets: After completion of rebalancing, approximately 85% of the balance in their accounts (value as of 1 pm IST on July 18, 2024) will be distributed to the scheme creditors within 10 business days after the restructuring scheme becomes effective, if a majority of creditors vote in favor.
21Shares plans to liquidate two Bitcoin futures and Ethereum futures ETFs around March 28
According to Globenewswire, 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 may sell their holdings of the funds before the end of the trading day on Thursday, March 27, 2025, and such transactions may be subject to normal brokerage fees. The last trading day for both funds is 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 proportionate equity 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.
In addition, 21Shares said that the move was based on a routine review of the company's product lineup to ensure that it is in line with market dynamics, customer needs and the mature digital asset landscape. 21Shares and fund investment sub-advisor ARK Invest remain loyal partners and look forward to advancing regulated cryptocurrency products in the U.S. market.
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 be logged 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 voting page shows that Binance’s first batch of voting activities have been launched, and the “Voting” pool includes the following options:
JASMY, ZEC, FTT, ELF, SNT, STPT, BAL, ARK, GPS, MBL, PROS, CTXC, HARD, BADGER, BETA, CREAM, FIRO, VIDT, NULS, TROY, ALPACA, UFT. In addition, Binance officials said that although they will pay attention to and consider the voting results, the voting results are not the only factor in determining the final delisting decision. The monitoring of the project is still under evaluation, and the decision will be determined by the official review process and standards.
