Weekly Preview | Walrus plans to go online on the main website; Berachain Foundation will launch PoL on March 24, and governance enters the first phase
Reprinted from panewslab
03/23/2025·2MNews trailer:
- Binance Launchpool will launch Nillion (NIL) and will launch NIL spot trading pairs on March 24;
- The Berachain Foundation announced that it will launch PoL on March 24, and governance has entered the first phase;
- Celo mainnet will be upgraded to Ethereum L2 on March 26;
- The Ethereum Foundation announced that the test network Hoodi will activate the Pectra upgrade on March 26;
- The U.S. Senate is scheduled to hold a qualification hearing for Paul Atkins to serve as SEC chairman on March 27;
- The Walrus Foundation raised $140 million from and a16z and plans to launch the Walrus main network on March 27
March 24
Exchange:
Binance Launchpool will launch Nillion (NIL) and will launch NIL spot trading pairs on March 24
According to Binance announcement, Nillion (NIL) will become Binance Launchpool's 65th project. 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 activity will start at 08:00 UTC+8 on March 21, 2025 and last for three days. Nillion (NIL) will launch Binance at UTC+8 on March 24, 2025, at 21:00 UTC+8, and open NIL/USDT, NIL/BNB, NIL/FDUSD, NIL/USDC and NIL/TRY trading pairs. This launch will bring 35 million NILs as Launchpool rewards, accounting for 3.5% of the total supply. The initial circulation supply was 195 million NIL (accounting for 19.52% of the total supply).
In addition, Huobi HTX will be launched on NIL (Nillion) at 21:00 on March 24 (GMT+8) .
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 KST.
South Korean cryptocurrency exchange Bithumb announced that it plans to terminate its transaction support for Bitcoin Gold (BTG). 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. Relevant technical support (main network, hard fork, airdrop, exchange, etc.) after the withdrawal support is completed may be stopped, and withdrawals may be restricted. In addition, 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.
Project News:
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.
The confidential computing network Arcium will launch a community round on CoinList on March 24. The total supply of tokens is 1 billion (SPL standard), and it is unlocked 100% during TGE. Only unlocking tokens can participate in staking. The purpose of tokens covers node activation, computing payment and governance, and has a dynamic supply mechanism to deal with changes in network load. The allocation ratio includes: 20% of the community (including 2% of the CoinList target), 20.8% of core contributors, 20.4% of VC, 28% of ecology and vaults, 5.8% of angel investment, and 5% of verifiers.
Berachain Foundation: PoL will be launched on March 24, and governance enters the first phase
The Berachain Foundation announced 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.
Token unlock:
MMX (MMX) will unlock about 1.67 million tokens at 8 am on March 24, Beijing time, with a ratio of 1.07% to the current circulation, worth about 1.1 million US dollars.
March 25
Project News:
Taproot Wizards plans to auction 2,121 NFTs to raise $34 million, starting on March 25
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 quickly sold out, 300 BTC were raised in the process. Starting March 25, Wizards will be sold to whitelisted buyers at 0.2BTC ($16,000), and unsold will be sold at Dutch auctions.
Token unlock:
AltLayer (ALT) will unlock approximately 240 million tokens at 6 pm Beijing time on March 25, with a ratio of 8.6% to the current circulation, worth approximately US$9.8 million.
Venom (VENOM) will unlock approximately 59.26 million tokens at 4 pm Beijing time on March 25, with a ratio of 2.9% to the current circulation, worth about US$7 million.
March 26
Project News:
Pump.fun plans to expand to Binance Smart Chain (BSC) on March 26
Pump.fun previously integrated a link button to MEXC DEX trading in the trading panel. Users can directly jump to the DEX Plus launched by the MEXC Exchange for trading. On March 19, MEXC Exchange launched DEXPlus, a hybrid product of CEX and DEX, which currently supports the Solana ecosystem, allowing users to trade on-chain tokens on Raydium and pump.fun directly on the MEXC Exchange client and website. According to official reports, it is planned to expand to Binance Smart Chain (BSC) on March 26.
Celo mainnet will be upgraded to Ethereum L2 on March 26
Celo will officially activate the Ethereum L2 main network at 11:00 on March 26, 2025 (Beijing time), with a hard fork block height of 31057000. After the upgrade, the block time will be shortened from 5 seconds to 1 second, while retaining the complete on-chain history to ensure network transparency. In addition, this upgrade reduced 365,000 lines of code, reduced the technical burden, and supported trustless upgrades to make node operations more efficient.
The Ethereum Foundation stated in its official blog that during the activation of the Pectra test network, problems with the change in the configuration of Ethereum test online deposit contracts on the client 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.
Token unlock:
Ethena (ENA) will unlock approximately 7.93 million tokens at 3 pm Beijing time on March 26, with a ratio of 0.15% to the current circulation, worth approximately US$2.9 million.
Eigenlayer (EIGEN) will unlock approximately 1.29 million tokens at 3 a.m. Beijing time on March 26, with a ratio of 0.53% to the current circulation, worth about US$1.5 million.
March 27
Regulatory policy:
A U.S. Senate committee hearing will be held on March 27, and Paul Atkins may be one step closer to becoming the new SEC crypto-friendly chairman. U.S. President Trump nominated Atkins to lead the SEC on December 4, but his marriage to the billionaire family allegedly raised problems in financial disclosures, resulting in the delay in his potential inauguration date. While it is not clear whether the White House has filed documents with the Senate, according to Semafor's Eleanor Mueller in a March 17 post, Senate Banking, Housing and Urban Affairs Chairman Tim Scott plans to hold a March 27 hearing to review Atkins' eligibility. Mueller also said the Senate Banking Committee plans to hold a bipartisan meeting on Atkins' nomination on March 21.
In addition, there were nominees of the OCC nominee Jonathan Gould and Assistant Minister of Finance nominee Luke Pettit. Atkins, who served as a SEC member and has long supported digital asset policies, will continue the Trump administration's move toward pro-cryptocurrency regulation. As a key institution for regulating banks across the United States, OCC may also play the role of a regulator of stablecoin issuance in the future. Relevant nominations will directly affect the compliance path and bank access prospects of the crypto industry.
Exchange:
Binance is now inviting users to vote on the first batch of voting coin listing projects through the official Binance Plaza post . The first batch of voting coin pools only include BNB smart chain tokens in Binance Alpha. Future voting rounds will expand to all tokens in Binance Alpha. A variety of factors will be considered to determine the voting pool, including project fundamentals and performance indicators, token economics, secondary market performance, technical risk assessment, team background and compliance review.
This round of voting 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 to list on Binance after completing official due diligence and procedures.
The voting time is from 17:00 on March 19, 2025 (UTC) to 16:59 on March 26, 2025 (UTC). Voting method: ① 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. ② 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.
Project News:
Grass Foundation: GRASS Airdrop One application period is expected to be extended until March 27
The Grass Foundation announced on the X platform that the application period for GRASS Airdrop One has been extended, and the extended application period is to end in block 329341917 and is expected to end on March 27, 2025. To qualify for Airdrop One, you need to get 500+ Grass Points and link your wallet on the Grass dashboard before 20:00 UTC time on October 14, 2024.
The Walrus Foundation announced the successful raising of $140 million, with the main investors being Standard Crypto, and other investors include a16z crypto, Electric Capital, Creditcoin, Lvna Capital, Protagonist, Franklin Templeton Digital Assets, Karatage, RW3 Ventures, Comma3 Ventures and The Raptor Group. The fundraising was completed through the sale of the Walrus protocol's cryptocurrency $WAL, which is expected to be valued at $2 billion. The Walrus protocol was developed by Mysten Labs, a company founded by former Meta employees and is well-known for its high-speed blockchain Sui. Walrus aims to address the lack of scalability, security and flexibility of existing storage protocols by providing faster and cheaper decentralized storage. Although Walrus is still in beta, Mysten Labs has built a website hosting service based on the protocol and is scheduled to go live on March 27.
Token unlock:
Yield Guild Games (YGG) will unlock approximately 14.08 million tokens at 10 pm on March 27, Beijing time, with a ratio of 3.28% to the current circulation, worth about US$3 million.
Tornado Cash (TORN) will unlock approximately 91,700 tokens at 11:30 am on March 27, Beijing time, with a ratio of 2.41% to the current circulation, worth about US$1.1 million.
March 28
Exchange:
Indian crypto deal WazirX to close vote on proposed restructuring plan on March 28
Indian crypto exchange WazirX posted on X platform that its next key step is to vote on the proposed restructuring plan, and the voting period is scheduled to be held 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
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 are 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.
Binance has launched the first batch of voting and decoins. Each user can vote for up to 5 items in the "Vote and Decouple" 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 options for this vote include 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 the second phase of BitcoinFi accelerator, where participants can receive $150,000 in initial funding in exchange for 5% equity, mentor guidance and technical support, and access to Market Expansion (GTM) and Venture Capital (VC) networks. Applications will be closed on March 28.
Token unlock:
Velo (VELO) will unlock approximately 182 million tokens at 8 a.m. Beijing time on March 28, with a ratio of 2.47% to the current circulation, worth about US$2.4 million.
Undeads Games (UDS) will unlock approximately 2.15 million tokens at 8 a.m. Beijing time on March 28, with a ratio of 3.00% to the current circulation and a value of approximately US$2.1 million.
Artificial Superintelligence Alliance (FET) will unlock approximately 3.24 million tokens at 8 a.m. Beijing time on March 28, with a ratio of 0.12% to the current circulation, worth approximately US$1.7 million.
SingularityNET (AGIX) will unlock approximately 7.48 million tokens at 8 a.m. Beijing time on March 28, with a ratio of 2.40% to the current circulation and a value of approximately US$1.7 million.
March 29
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March 30
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