This week's news preview | Binance's first voting and coin listing event will end; Walrus announced that the main network will be officially launched
Reprinted from chaincatcher
03/24/2025·2MCompiled by: Jerry, ChainCatcher
Key News:
- Binance will launch Nillion (NIL) and will launch NIL spot trading pairs on March 24
- Berachain Foundation: PoL will be launched on March 24, and governance enters the first phase
- Celo will activate a hard fork that transitions to Ethereum L2 on March 26
- Ethereum Foundation announces that testnet Hoodi will activate Pectra upgrade on March 26
- US SEC Chairman nominee Paul Atkins will be reviewed by Senate panel on March 27
- Binance's first voting coin listing event will end in the early morning of March 27, with the first batch of tokens specifically targeting BNB chains
- Walrus announced that the main network will be officially launched on March 27 and announced the token economic model
- Binance's first voting coin activity will end on March 28, with 21 tokens included in the "voting" pool
March 24 (Monday)
Binance will launch Nillion (NIL) and will launch NIL spot trading pairs on March 24
Binance announced that it will launch its 65th project, Nillion (NIL), on the Launchpool platform. Nillion is a decentralized network that uses blind computing technology to enable secure data processing and storage while protecting privacy.
According to the announcement, users can lock in BNB, FDUSD and USDC to participate in the three-day mining process, starting at 00:00 (UTC) on March 21, 2025, to obtain an NIL token airdrop. The Launchpool webpage is expected to be available within 12 hours of the announcement.
NIL tokens will be listed on Binance on March 24, 2025 at 13:00 (UTC), with NIL/USDT, NIL/BNB, NIL/FDUSD, NIL/USDC and NIL/TRY trading pairs open. The token will be marked as a Seed Tag.
Berachain Foundation: PoL will be launched on March 24, and governance enters the first phase
The Berachain Foundation issued a statement saying that PoL (Liquidity Certificate) will be officially launched on March 24, governance enters the first phase, the incentive mechanism will begin to take effect, and the new reward database will be discharged. This change means that BGT holders will have more control and profit opportunities, which will determine the flow of incentives and support incentive allocations for users, applications and validators.
According to the official announcement, Bithumb announced that it plans to suspend the Korean won deposit and withdrawal business 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 plans to terminate VALOR token trading support, the transaction (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 transaction support is over, the API transaction support for the virtual asset will be stopped and all unfinished orders (buy/sell) will be cancelled.
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 start the fourth round of token sales in the Arcium community at 17:00 on March 24, Beijing time. The initial token FDV is US$200 million, and the single coin is priced at US$0.2. It is expected that the token TGE will be fully unlocked in the third quarter of this year.
Arcium is a cryptographic supercomputer that provides developers, applications and industries with trustless, verifiable and high-performance cryptographic computing frameworks.
Tuesday, March 25
Taproot Wizards plans to start auctioning 2,121 NFTs on March 25 to raise $34 million
According to CoinDesk, Bitcoin Ordinals project Taproot Wizards plans to auction 2,121 NFTs to raise $34 million, which sold 3,000 "quantum cats" last year to raise support for Bitcoin Improvement Proposal (BIP) OP_CAT.
Despite the plagued by technical issues, the series sold out quickly, raising 300 BTC in the process.
These NFTs were reportedly minted two years ago but have not been sold. Starting on March 25, Wizards will be sold to whitelist buyers for 0.2 BTC ($16,000), and those that are not sold will be sold at Dutch auctions.
Wednesday, March 26
Celo will activate a hard fork that transitions to Ethereum L2 on March 26
Celo announced that its mainnet activation date for its transition to Ethereum L2 is 11:00 on March 26, 2025, and the hard fork block height is 31057000. After the upgrade, Celo L2 reduces the block time from 5 seconds to just 1 second. Celo's full history and block height remain the same, allowing users to find past transactions.
Previous news , Coinbase's announcement that it does not support Celo's blockchain migration has aroused dissatisfaction in the community.
Ethereum Foundation: New Test Network Hoodi will activate Pectra network upgrade on March 26
The Ethereum Foundation stated in its official blog that during the activation of the Pectra test network, problems existing in the client's configuration changes in the Ethereum test online deposit contract configuration were exposed. Although the recovery process of the Sepolia network is relatively direct and has been fully restored, the Holesky network has experienced a large number of inactive leaks in the recovery mechanism. The Holesky network has since completed the final confirmation, but it will take about a year for the exiting validator to be completely removed from the validator cluster. While stakers can test deposits, merges, and all other Pectra features, the scale of the exit queue makes it impossible for Holesky to use to test the full validator lifecycle within a reasonable time frame.
To solve this problem, a new testnet has been launched: Hoodi. It will activate the Pectra network upgrade on epoch 2048 (Wednesday, March 26, 2025 15:37:12 Beijing time). In the future, staking operators and infrastructure providers should use Hoodi for validator testing. To allow time for migration, Holesky testnet will support it until September 2025. All other Pectra features can be tested on Holesky except for validator exit.
Summary of test network and its uses:
Holesky: Verifier and staking provider (expected termination date is September 30, 2025). Client developers will also use Holesky to test Gas limit increase and other protocol stress tests.
Sepolia: Application and Tools Developer (expected termination date is September 30, 2026).
Hoodi: Verifier and staking provider (expected termination date is September 30, 2028).
Planned Sepolia alternative: Expected to launch in March 2026.
Thursday, March 27
[**US SEC Chairman nominee Paul Atkins will be reviewed by Senate panel
on March 27**](https://www.chaincatcher.com/article/2173545)
According to CoinDesk, the U.S. Securities and Exchange Commission (SEC) chairman nominee Paul Atkins will be held on March 27 to receive a confirmation hearing from the U.S. Senate Banking Committee.
Paul Atkins, a former SEC committee member, is a backer of digital assets, runs a Washington company that provides financial compliance advice to clients. He is expected to continue the SEC pro-cryptocurrency policy launched by Acting Chairman Mark Uyeda. If the banking committee votes to pass these nominations, the entire Senate will conduct a confirmation vote, and they will not be officially inaugurated after confirmation.
Binance announced the launch of its first voting coin listing activity. After completing the official due diligence and procedures, two tokens will be selected from the following to list on Binance: BANANAS31 (Banana For Scale), BID (CreatorBid), Broccoli (Broccoli; F3b), Broccoli (CZ'S Dog), KOMA (Koma Inu), SIREN (SIREN), mubarak (mubarak), TUT (Tutorial), WHY (why).
The voting time is from 17:00 on March 19, 2025 to 16:59 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 allocate 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 to make their vote valid.
According to official news, the blockchain storage protocol Walrus announced that the main network 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 plans and storage subsidies. The specific allocations are as follows:
- 10% - Walrus User Airdrop: Assigned to early adopters and reserved for future distributions;
- 43% - Community reserve: for grants, developer support, incentive programs and other ecosystem programs;
- 30% - Core Contributors: Early Builders assigned to Walrus;
- 10% - Subsidy: as the expense base grows, to support storage nodes;
- 7% - Investors: allocated to investors participating in financing;
March 28 (Friday)
[**Indian crypto deal WazirX to close its vote on proposed restructuring
plan on March 28**](https://www.chaincatcher.com/article/2167208)
Indian crypto exchange WazirX posted on X platform that the next key step is to vote on the proposed restructuring plan.
Voting period: It is planned to take place from March 19 to March 28, 2025. Distribution after asset rebalancing: After the rebalancing is completed, if most creditors vote in favor, approximately 85% of their account balance will be allocated to the programme creditors within 10 working days after the reorganization plan takes effect (value as of 1:00 PM IST on July 18, 2024).
21Shares plans to clear two Bitcoin futures and Ethereum futures ETFs around March 28
According to Globenewswire, 21Shares US LLC announced plans to liquidate two Bitcoin futures and Ethereum futures ETFs, namely 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 funds before the end of the trading day on Thursday, March 27, 2025, and such transactions may be subject to regular brokerage fees. The last trading days of both funds were March 27, 2025. The fund will be liquidated around March 28, 2025. Shareholders who continue to hold fund shares on the fund liquidation date will receive liquidation distributions, whose value is equal to the proportion of their equity in the fund on that day. Shareholders who receive liquidation distributions usually realize capital gains or losses equivalent to the value of their shares’ net assets.
Additionally, 21Shares said the move is based on a routine review of the company's product lineup to ensure it meets market dynamics, customer needs and a 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 and decoins. Each user can vote for up to 5 items in the "Vote and Decoins" pool, and each verified account can only vote for one vote for each item. Users must log in to their verified Binance account and hold at least 0.01 BNB in their main account throughout the voting period, and their vote is valid. The voting time is 06:30 on March 21, 2025 (UTC) to 23:59 on March 27, 2025 (UTC). The voting results are not the only factor that determines the final decision to be removed from the shelves. Project monitoring is still under evaluation, and the final decision will be made by Binance in accordance with Binance's official review process and standards. In addition, the timetable for removal will depend on Binance's procedures.
The voting page shows that Binance's first voting coin activities have been launched, and the "Voting" pool contains 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 it will pay attention to and consider the voting results, the voting results are not the only factor in determining the final delisting decision. Monitoring of the project is still under evaluation and the decision will be determined by the official review process and standards.
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