Binance Bans Market Maker Over Fraud

️ On today's Top Picks:

Crypto News

• ⭐️ Binance bans market maker over “misconduct” with GoPlus Security $GPS & MyShell $SHELL; Binance has offboarded the market maker & confiscated the proceeds from its noncompliant activities.

• Binance $BNB Founder Changpeng Zhao says X "should ban all bots"; adds "AI agents can help me book hotels, buy tickets, or write code. I don't need to 'socialize' with them".

• BNB Chain $BNB to launch Pascal Hardfork on mainnet on March 20th; upgrade brings EIP-7702 smart contract wallets, better EVM compatibility, and improved developer flexibility.

• Coinbase $COIN to launch 24/7 Bitcoin $BTC & Ethereum $ETH futures trading for US customers; Coinbase acquired FairX in 2022 and rebranded it as Coinbase Derivatives Exchange. 

• Mysten Labs $SUI acquires Parasol, a game development platform; promises more reveals coming soon.

• Rex Shares and Osprey Funds file application for Movement $MOVE ETF; application follows public mainnet beta launch.

• Mt Gox transfers 11502 Bitcoin $BTC worth ~$921M to an unknown wallet; moved ~$1B worth of BTC to an unknown wallet on March 6th.

• Digital Asset Investment Products saw $876M of outflows last week; Bitcoin $BTC $756M of outflows, Ethereum $ETH $89M of outflows, Solana $SOL $16.4M of inflows.

Alpha

• ⭐️ Movement Network launches Public Mainnet Beta; Mainnet Movedrop coming soon with a 25% bonus.

• Initia posts "Initializing Mainnet ▓▓▓▓▓▓▓▓▓▓▓▓▓░ 90%" on X; $INIT TGE & airdrop launching soon.

• Bubblemaps completes snapshot; $BMT TGE & airdrop launching soon.

• Gemini teases "Something BIG is coming this week" on X; confidentially filed for an IPO last week.

• One Gravity, the first NFT collection on 0G Labs, to launch NFT mint on March 12th; 50% of the 1888 supply allocated to the public.

Airdrops

• Drift Season 2 Airdrop Strategy by Earndrop.

• ⭐️ Babylon to close $BABY airdrop registration on March 15th; link all eligible accounts to BABY address.

• WalletConnect launches 50K $WCT airdrop; Zerion users level 6 and above are eligible; snapshot taken on March 7th.

• Gomble Games to launch airdrop in April; to reveal eligible groups for the airdrop as TGE approaches.

• ICYMI Weekly Airdrop Recap by Earndrop.

• ICYMI Newton Airdrop Strategy by Earndrop.

Finance News

• ~$1.75 Trillion wiped out from the US stock market today; ~$1.15 Trillion was wiped from the US stock market on March 6th.

• ⭐️ Strategy $MSTR to raise up to $21B to buy more Bitcoin $BTC; to raise funds via perpetual strike preferred stock offering.

• Fold $FLD adds 475 Bitcoin $BTC worth ~$38M to its treasury; holds 1,485 BTC worth ~$118M.

• BBVA, Spain's second-largest bank, receives approval from CNMV to offer Bitcoin $BTC and Ethereum $ETH trading services to customers.

• Elon Musk $TSLA admits DOGE involvement is making it harder to run his businesses; says "yeah" to extending his involvement in DOGE by another year.

Security and Exploits

• ⭐️ Elon Musk confirms X was hit by a "massive cyberattack"; Dark Storm hacktivist group claims to be behind DDoS attacks.

• US FTC says Americans lost $12.5B to fraud in 2024; investment scams resulted in the highest losses of ~$5.7B.

Token Unlocks

• Aptos $APT / ~$61M / MAR 12th
• Polyhedra $ZKJ / ~$35M / MAR 14th
• Sei $SEI / ~$10M / MAR 15th
Sourced from Tokenomist

Funding

• Vooi raises $1.25M in Community funding on Echo.

• Balmy raises an undisclosed amount in funding from Gnosis.

• Yieldnest raises an undisclosed amount in Strategic funding from A41.

The Degen Farmer