Hyperliquid Delists JELLY Amid Chaos

️ On today's Top Picks:

Crypto News

• ⭐️ Hyperliquid $HYPE delists JELLYJELLY perpetual futures to avoid liquidation; Hyperliquid’s vault faced a ~$13M unrealized loss but profited ~$703K with no loss after delisting.

• Ethereum $ETH developers launch Pectra upgrade on Hoodi testnet; previous launches on Holesky & Sepolia testnets had issues; to launch on Mainnet soon.

• Binance $BNB offboards market maker Web3Port for misconduct; profited $38M by dumping Movement $MOVE; Movement launches $38M MOVE buyback plan in response.

• Ripple $XRP drops appeal against US SEC; the SEC dropped its appeal against Ripple last week; Ripple to pay $50M of the originally ordered $125M fine.

• Fidelity files 19b-4 for spot Solana $SOL ETF with Cboe; Grayscale, Franklin Templeton, & VanEck have also filed for similar Solana ETP's.

• PumpFun deposits 104,120 Solana $SOL worth ~$15M to Kraken; deposited a total of 2,733,776 SOL worth ~$395M to Kraken.

• ⭐️ Polymarket suffers governance attack; an $UMA whale used their voting power to manipulate the oracle and influence a market resolution; Polymarket will not issue refunds.

• World Liberty Financial $WLFI launches $USD1 stablecoin; custodied by BitGo and backed by US government treasuries, US dollar deposits, & other cash equivalents.

• US SEC closes investigation into Immutable $IMX with no enforcement action; Immutable received a Wells notice in October 2024.

Alpha

• Inertia Airdrop Strategy by Earndrop.

• ⭐️ Eclipse to launch $ES TGE & airdrop soon; snapshot has NOT been taken yet; CEO to reveal something big in an AMA on April 3rd.

• WalletConnect $WCT transferability proposal passes; to enable transferability in April.

• ICYMI Hyperbolic Airdrop Strategy by Earndrop.

Airdrops

• Kernel (Kelp) launches $KERNEL Season 1 airdrop eligibility & allocation checker; Kernel Points/Kelp Grand Miles holders are eligible; claim in early April.

• Corn to launch $CORN TGE & airdrop on March 28th; airdrop eligibility & allocation checker potentially launching on March 27th.

• Magic Eden to launch $ME Season 1 airdrop in mid-April; allocation based on trading volume & staking power.

• Particle launches $PARTI airdrop claim; UniversalX traders, Capybara NFT holders, ALLY holders, Particle Pioneer, and The People’s Launchpad participants are eligible.

• Term launches $TERM airdrop claim; Term Points holders are eligible.

• Amnis launches $AMI airdrop claim; Aptos $APT stakers with Amnis Finance & Draconian NFT Holders are eligible.

Finance News

• ⭐️ GameStop $GME to add Bitcoin $BTC as a treasury reserve asset; to raise $1.3B via convertible notes offering to buy BTC.

• KULR Technology $KULR buys 56.3 Bitcoin $BTC for ~$5M at ~$88,824 per BTC; now holds 668 BTC worth ~$59M.

• eToro files for IPO on the Nasdaq; aims to raise up to $400M at a ~$4.5B valuation.

• ⭐️ US President Trump announces 25% tariffs on all non-US manufactured cars; applies on top of existing 2.5% car tariff; to take effect on April 3rd.

Security and Exploits

• T3 Financial Crime Unit freezes ~$9M linked to Bybit hack; brings T3 FCU's total to over $150M.

• Defending Self-Custody: How Safe{Wallet} Is Reinforcing Security On All Fronts by Safe{Wallet}.

• Abracadabra Money $SPELL $MIM exploited for $13M; to repay 50% of the loss in the first 48 hours & remaining 50% over the next months.

• Blockscout launches Revokescout, a token approval tool; supports several chains.

• Google releases Chrome security update patching zero-day vulnerability; flaw being actively exploited in the wild.

Token Unlocks

• Optimism $OP / ~$29M / March 31st
Sourced from Tokenomist

Funding

• Coresky raises $15M in Series A funding led by TIDO Capital.

• Chronicle raises $12M in Seed funding led by Strobe Ventures.

• Tarta Labs raises $4.5M in Pre-Seed funding led by Bitkraft Ventures.

• Capx AI raises $3.14M in Seed funding led by Manifold & Luganodes.

• Immortal Rising 2 raises $3M in funding led by Solarium Labs.

The Degen Farmer