Kraken Partners With Nasdaq on Tokenized Equities

️ On today's Top Picks:

Crypto News

• ⭐️ Kraken & Nasdaq partner to develop equities transformation gateway; to connect Nasdaq’s tokenized equity markets with blockchain networks; expected to launch in H1 2027.

• Bithumb issued preliminary notice of six-month partial suspension from South Korea FIU for AML and KYC violations; will restrict virtual asset transfers for newly registered users.

• ⭐️ Ethereum $ETH co-founder Jeffery Wilcke potentially sells ~$160M of Ethereum $ETH; still holds ~$30M of ETH; previously deposited $262M of ETH to Kraken in May 2025.

• Strategy $MSTR buys 17,994 Bitcoin $BTC for ~$1.3B at ~$70,946 per BTC; now holds 738,731 BTC (~$50.6B) acquired for ~$56B at ~$75,862 per BTC.

• Bitmine $BMNR buys 60,976 Ethereum $ETH (~$123M); now holds 4,534,563 ETH (~$9.1B) & $1.2B in cash; currently staking 3,040,483 ETH (~$6.1B).

• Digital Asset Investment Products recorded $619M in inflows last week; Bitcoin $BTC $521M inflows, Ethereum $ETH $89M inflows, Solana $SOL $15M inflows, Ripple $XRP $30M outflows.

Alpha

• ⭐️ Tempo & Stripe launch "███████" hackathon; application is open; Tempo Engineering Lead & Paradigm CTO Georgios Konstantopoulos to choose top 100 this week.

• Abstract $ABS to launch more Abstract XP changes this week; to focus XP distribution primarily on onchain activity (app interactions, trading, and DeFi participation).

• MetaMask $MASK closes MetaMask LINEA Rewards Season 1 claim; to potentially launch Season 2 soon; Polymarket projects ~41% chance MetaMask launches MASK token by end of 2026.

• ICYMI Polymarket $POLY & Kalshi reportedly in talks to raise at $20B valuations; 'Senior Intern' @mustafap0ly recently teased "...POLY next" on X in February.

• ICYMI Conduit claims previously teased "REDACTED Meridian Testnet"; says network can reach "up to 3 Ggas/s, up to 20,000 TPS, & ~10 ms latency"; uses Optimism's OP Stack & EigenCloud's EigenDA.

• ICYMI Legion launches Valor Points for Legion Score; users can earn Valor Points through Republic (Legion Discord) missions & activities.

Airdrops

• ICYMI Paradex $DIME launches airdrop claim; Paradex XP holders are eligible; claim closes in ~2 weeks.

• ICYMI Opinion $OPN launches airdrop claim; Opinion points holders & Discord role holders are eligible; claim closes on June 5th.

• ICYMI idOS $IDOS launches airdrop; tokens already distributed, claim not required; idOS points holders are eligible.

• ICYMI Avantis $AVNT launches airdrop #2 claim; allocation split into 4 equal tranches (25% each), each with 24-hour claim window; Avantis Season 3 Points holders are eligible.

• ICYMI Mezo $MEZO to launch TGE & airdrop claim soon; airdrop allocation checker is already live; Mezo Mats (points) holders & Mezo Bitcoin borrowers were eligible to register.

• ICYMI Reya $REYA teases "airdrop claim loading ▓▓▓▓▓▓▓░░░░░░ 51%" on X; to launch airdrop soon; 45% of REYA token supply is allocated for the community.

Finance News

• ⭐️ US Oil Prices reverse after initially surging +30% as US President Trump reviews "set of options" to lower oil prices; G7 countries also met to discuss potential 400M barrel release from oil reserves.

• S&P 500 $SPX erases losses and rises +1% as US President Trump says Iran war is “very complete”; also reportedly considers taking over the Strait of Hormuz.

• ⭐️ Anthropic sues US Government for recent "supply chain risk to national security" designation; calls the DOD's actions “unprecedented and unlawful" and accuses the Trump administration of retaliation.

• Oracle $ORCL rejects recent reports of Stargate AI data center project cancellation; says "Two buildings are completely operational and the rest of the campus is on track."

• Key Events This Week: US February CPI Inflation data on Wednesday (March 11th); US Q4 2025 GDP Data & US January PCE Inflation data on Friday (March 13th).

Security and Exploits

• Ethereum Foundation $ETH increases Bug Bounty Program maximum payout from $250K to $1M.

• GONDI exploited for "limited number of NFTs" due to Sell & Repay contract vulnerability; to deploy patch soon; contacts affected users.

• Etherscan launches Batch Revoke Token Approvals feature; users can revoke multiple token approvals at once.

• WAR token deployer sells another $1.5M of WAR; still holds 40% of supply; initially controlled 70% of supply & sold $2.5M of WAR.

• OpenAI acquires Promptfoo, an AI security platform, for an undisclosed sum; to integrate Promptfoo’s technology into OpenAI Frontier.

• Signal warns of recent targeted phishing attacks; warns users against sharing SMS code and/or PIN.

Token Unlocks

• Ethena $ENA / ~$20M / MAR 05th
• Hyperliquid $HYPE / ~$5.5M / MAR 06th
• Wormhole $W / ~$1M / MAR 06th
• Optimism $OP / ~$2.5M / MAR 07th
• Aptos $APT / ~$11M / MAR 12th
Sourced from Tokenomist

Funding

• KAST raises $80M in Series A funding led by QED Investors & Left Lane Capital.

• Zcash Open Development Lab (ZODL) raises $25M in Seed funding from several investors.

The Degen Farmer