First Digital Sues Justin Sun for Defamation

️ On today's Top Picks:

Crypto News

• Crypto rebounds as US President Trump pauses tariffs for 90 days; crypto market rose ~3.1% in value, hitting $2.63 Trillion.

• ⭐️ First Digital $FDUSD files defamation claim against Justin Sun; Sun alleged First Digital was insolvent last week temporarily causing FDUSD to depeg.

• Virgil Griffith, former Ethereum $ETH Foundation developer, released from prison as he enters parole phase; Griffith was arrested in 2019 for giving a presentation in North Korea.

• Solana $SOL developers launch Confidential Balances, a ZK-powered encrypted token standard built for institutional compliance without sacrificing sub-second finality.

• Ark Invest buys $18.1M of Coinbase $COIN shares; third-largest holding of ARK Innovation $ARKK ETF.

• Binance $BNB to launch $LDUSDT, a new reward-bearing margin asset; users can earn real-time APR rewards while trading with it as margin.

• Ripple $XRP acquires Hidden Road, a prime broker firm, for $1.25B; to migrate Hidden Road post-trade activity across XRP Ledger.

• WazirX Creditors vote in favor of post-hack recovery plan; promises partial repayments, new protections, and a phased return to operations.

Alpha

• ⭐️ Eclipse to launch $ES TGE & airdrop in several weeks; to complete snapshot this week.

• OpenSea launches new XP Shipment; users who swapped a token that's affiliated with an NFT collection on OpenSea 2 are eligible.

• OpenSea launches new XP Shipment; users who traded on Ronin over the last week on OpenSea 2 are eligible.

• Avantis to end Avantis XP Season 2 on May 31st; TGE & airdrop coming soon.

• Kraken launches Kraken+, a new premium subscription service; offers zero-fee trading up to $10K/month & 4.1% APR on $USDG.

• World Liberty Financial $WLFI proposes $USD1 airdrop for WLFI holders; seeks to reward early adopters and boost “visibility and awareness” of its USD1 stablecoin before full-scale deployment.

Airdrops

• Mass Airdrop Strategy by Earndrop.

• ⭐️ Babylon to launch $BABY airdrop on April 10th; Phase 1 stakers, Finality Providers, Pioneer Pass holders, & GitHub contributors are eligible.

• Binance launches Babylon $BABY HODLer Airdrop; $BNB Simple Earn and/or On-Chain Yields subscribers from March 7th to March 13th are eligible.

• KernelDAO (KelpDAO) to launch $KERNEL airdrop claim on April 14th; airdrop eligibility & allocation checker already live.

• Binance launches KernelDAO (KelpDAO) $KERNEL Megadrop; subscribe to $BNB locked products and/or complete Web3 quests to participate.

Finance News

• ⭐️ Paul Atkins confirmed as new Chairmen of the SEC; Atkin previously stated he will be providing “a firm regulatory foundation for digital assets through a rational, coherent, and principled approach”.

• US President Trump pauses tariffs for 90 days; lowers reciprocal tariff to 10% for all countries except China; raises tariffs on China to 125%.

• US Stock Market adds ~$5.5 Trillion today after US President Trump pauses tariffs.

• China increases tariffs on the US to 84%; US President Trump raised tariffs on China to 125% in response.

• US President Trump offers to talk & meet with Chinese President Xi Jinping to negotiate tariffs.

• China instructs major state-owned banks to reduce US dollar purchases in a move to prevent sharp RMB depreciation.

Security and Exploits

• ⭐️ Microsoft releases Windows April 2025 update; patches 134 security vulnerabilities, including one actively exploited zero-day.

• Kaspersky discovers malware disguised as Microsoft Office add-ins on SourceForge targeting crypto users; malware uses clipboard hijacking technique.

• Apple takes UK Government to court over secret encryption backdoor order; Apple recently removed encrypted backups in the UK to adhere to the order.

• Approvals On Testnets by RevokeCash.

Token Unlocks

• Saga $SAGA / ~$31M / APR 09th
• Movement $MOVE / ~$16M / APR 09th
• Aptos $APT / ~$52M / APR 12th
• Axie Infinity $AXS / ~$22M / APR 12th
Sourced from Tokenomist

Funding

• Blackbird raises $50M in Series B funding led by Spark Capital.

• Octane Security raises $6.75M in Seed funding led by Archetype & Winklevoss Capital.

• Firefish raises $1.8M in Seed funding from several investors.

• Sats Terminal raises $1.7M in Pre-Seed funding led by Coinbase Ventures & Draper Associates.

• Lyzi raises $1.42M in Seed funding from several investors.

• Plume $PLUME raises an undisclosed amount in Strategic funding from Apollo Global Management.

• MetaEra raises an undisclosed amount in Strategic funding led by Fenbushi Capital.

The Degen Farmer