March is going to be a tough month for crypto holders and potential investors as more than a billion dollars’ worth of token unlocks are going to happen. In fact, even more the next seven days, large token unlocks, each costing over $5 million each are scheduled for SUI, JUP, H, GRASS, XPL, EIGEN, KMNO, and SVL.
This is incredibly frustrating. The private key of IoTeX has been hacked and thousands of users trusted this project, and right now the communication feels evasive.
Binance has completed its purchase of 1 billion dollars worth of bitcoin using their SAFU fund. The bitcoin address, 1BAuq7Vho2CEkVkUxbfU26LhwQjbCmWQkD, is now home to 15,000 bitcoins, with current value of $1.005 billion.
Spacecoin has announced partnership and token swap with Trump’s WLFI (World Liberty Financial). This collaboration aims to integrate DeFi with satellite internet connectivity, with WLFI utilizing its stablecoin, USD1, to provide payment and settlement services for new users connecting via the Spacecoin network.
A Chicago based derivatives cryptocurrency exchange, Bitnomial has churned out first Aptos Futures exchange that is fully US-regulated. It has first opened its doors for the institutional traders and then to the regular retail users in the coming weeks.
Argentina’s second-largest cryptocurrency exchange, Lemon has launched country’s first credit card that is backed by Bitcoin. This will allow its users to access peso credit without a bank account or credit history and without selling BTC, aiming to turn long-term Bitcoin savings into an everyday financial tool.
Altcoins that have small market caps are in extreme danger. According to latest stats by Bloomberg, the median duration of altcoin rallies has shrunk to mere 20 days.
Horizen’s mainnet is now live on the Base blockchain. Previously known as ZenCash, this move will bring compliance-friendly path to private onchain activity. It is already available as an ERC20 token with fixed 21-million supply which is same as bitcoin.
Western Union is working on a stable coin card whose value will be pegged to US dollar. This is being made for countries with high inflation. CFO Matthew Cagwin stated at the UBS Global Technology and AI Conference that the product aims to help users protect purchasing power from rapid currency depreciation.
