Circle $USDC Considers $5B IPO in April

️ On today's Top Picks:

Crypto News

• ⭐️ Circle $USDC intends to file for IPO in late April; working with JPMorgan & Chase.

• ⭐️ Strategy $MSTR buys 22,048 Bitcoin $BTC for ~$1.92B at ~$86,969 per BTC; now holds 528,185 BTC worth ~$43B.

• Digital Asset Investment Products saw $226M of inflows last week; Bitcoin $BTC $195M of inflows, Ethereum $ETH of $14.5M inflows, Solana $SOL $7.8M of inflows, Ripple $XRP $4.8M of inflows.

• Miller Whitehouse-Levine launches the Solana $SOL Policy Institute, a non-partisan, non-profit focused on educating policymakers on decentralized networks.

• FTX to begin repaying major creditors on May 30th; could take time given a large volume of likely fraudulent claims.

• US President Trump pardons three co-founders of BitMex; Arthur Hayes, Benjamin Delo, & Samuel Reed; US DOJ charged them with violating the Bank Secrecy Act in 2022.

• Binance $BNB & CZ donate $1.5M in BNB token vouchers to users affected by recent earthquake in Myanmar & Thailand; eligible users to receive vouchers in their Reward Hub by April 14th.

Alpha

• LayerZero Labs Co-Founder and CEO Bryan Pellegrino discusses next $ZRO airdrop; posts, "Next distribution may look entirely different from the first, could be totally RFP based or something else entirely."

• OpenSea launches new XP Shipment; users who purchased an NFT on OpenSea 2 during open beta and were still holding it during the snapshot are eligible.

• Lens Chain posts "Loading Lens: ▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓ 99%" on X; launching Mainnet soon.

• Tabichain delays TGE due to several challenges; launches Q2 2025 Research and Development Plan.

• April Crypto Calendar by LayerGG.

• List of Upcoming TGEs, Primary Listings, & Product Releases by ICO Analytics.

Airdrops

• ⭐️ Initia launches $INIT airdrop eligibility & allocation checker; testnet participants, power users of LayerZero, IBC, & MilkTIA, and social contributors are eligible.

• Kinto launches $K trading & enables withdrawals; Sakura Mining Season ongoing.

• PumpBTC launches $PUMP airdrop eligibility checker; Pump Points holders are eligible.

• ICYMI Weekly Airdrop Recap by Earndrop.

• ICYMI Kernel (Kelp) to launch $KERNEL airdrop claim in early April; airdrop eligibility & allocation checker is live.

Finance News

• ⭐️ US President Trump to impose reciprocal tariffs on all countries; China, Japan, and South Korea agree to jointly respond.

• MARA Holding $MARA to raise up to $2B with stock offering to buy Bitcoin $BTC; currently holds 46,374 BTC worth ~$3.8B.

• Metaplanet $3350.T issues ~$13M of bonds to buy Bitcoin $BTC; currently holds 3350 BTC worth ~$280M.

• ⭐️ Hut 8 $HUT partners with Donald Trump Jr & Eric Trump, sons of US President Trump, to establish Bitcoin $BTC mining company 'American Bitcoin'.

• xAI acquires X in an all-stock transaction; values xAI at $80B and X at $33B ($45B less $12B debt).

• China blocks BlackRock $BLK ~$23B deal to buy Panama Canal ports; China's SAMR initiated an investigation into potential violations of Chinese anti-monopoly laws.

• Key Events This Week by The Kobeissi Letter.

Security and Exploits

• Demystifying the North Korean Threat by samczsun.

Token Unlocks

• Optimism $OP / ~$23M / MAR 31st
• Sui $SUI / ~$145M / APR 01st
• ZetaChain $ZETA / ~$13M / APR 01st
• Ethena $ENA / ~$14M / APR 02nd
Sourced from Tokenomist

Funding

• Fhenix raises an undisclosed amount in funding from Tandem (Offchain Labs).

The Degen Farmer