MGX Invests $2 Billion in Binance

️ On today's Top Picks:

Crypto News

• ⭐️ MGX, an Abu Dhabi-based sovereign wealth fund, acquires minority stake in Binance for $2B; MGX also actively involved in funding prominent AI companies.

• US Senator Cynthia Lummis reintroduces the BITCOIN Act; bill would create a "decentralized network of secure Bitcoin vaults" operated by the US Treasury & create a 1M Bitcoin $BTC purchase program.

• Cboe BZX Exchange files 19-4b to add staking to Fidelity’s Ethereum $ETH ETF; US SEC recently acknowledged Grayscale's & 21Shares 19b-4 filings for staking in their Ethereum ETFs.

• Franklin Templeton files 19b-4 for Solana $SOL ETF; also filed S-1 registration for $XRP ETF yesterday.

• ⭐️ US SEC delays decisions on VanEck Solana $SOL ETF, Canary Solana $SOL ETF, Canary $XRP ETF, Canary Litecoin $LTC ETF, Grayscale $XRP ETF, & Grayscale Dogecoin $DOGE ETF.

• US SEC reportedly preparing to end lawsuit against Ripple $XRP; delay due to Ripple's legal team negotiating more favorable terms regarding the August district court ruling.

• VanEck registers Avalanche $AVAX ETF in the US state of Delaware; AVAX the fourth crypto asset VanEck has registered an ETF for.

• Circle $USDC launches Cross-Chain Transfer Protocol V2; features Fast Transfer enabling cross-chain transfers to settle in seconds.

• US House votes to repeal IRS DeFi broker rule requiring platforms to collect user tax & transaction data; US Senate to vote next.

• Coinbase $COIN to return to India after registering with India's FIU; initial retail services start later this year.

• OKX denies reports of being probed by EU regulators; Bloomberg reported North Korea's Lazarus Group used OKX to launder funds; OKX calls the article misleading & Bybit's statements misinformation.

Alpha

• Fluid launches on Polygon mainnet; over 1.5M Polygon $POL incentives to be distributed for lending $USDC and/or $USDT.

• ZKsync $ZK proposal for Lens Chain inclusion on the Elastic Network passes; Lens Chain mainnet launching soon.

• Taproot Wizards announces mint details; total supply of 2,121 Taproot Wizards with a 0.2 $BTC mint price; Quantum Cats holders eligible for a discount.

• Superboard launches Monad: Nads on Testnet campaign;

• Superboard launches Fogo: A High-Performance SVM Layer 1 quest.

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

Airdrops

• ⭐️ Nillion launches $NIL airdrop eligibility & allocation checker; community members, developers, & Verifier Program participants are eligible.

• Bubblemaps launches $BMT airdrop claim; top Bubblemaps V2 users are eligible.

• Drift Season 2 Airdrop Strategy by Earndrop.

• ICYMI Weekly Airdrop Recap by Earndrop.

• ICYMI Newton Airdrop Strategy by Earndrop.

• State of Airdrops Report 2025 by Dragonfly.

Finance News

• ⭐️ US Inflation falls to 2.8%, lower than expected 2.9%; US Federal Reserve to potentially cut interest rates soon.

• Russia Central Bank proposes allowing high net-worth individuals to trade crypto during three-year testing period; would also allow institutions to participate.

• Bitwise launches Bitwise Bitcoin Standard Corporations ETF $OWNB; index tracks companies with over 1K Bitcoin $BTC.

• MetaPlanet $3350.T buys 162 Bitcoin $BTC for ~$13.5M at ~$83,123 per BTC; holds 3050 BTC worth ~$254M.

• Ark Invest $ARKK $ARKF buys ~$11.5M of Coinbase $COIN shares; also buys ~$9.6M of Robinhood $HOOD shares & sells ~$29M of Block $XYZ shares.

• CleanSpark $CLSK to join S&P SmallCap 600 Index on March 24th; index seeks to measure the small-cap segment of the US equity market.

• Rumble $RUM buys 188 Bitcoin $BTC for ~$15M at ~$91,000 per BTC; Tether invested $775M in Rumble late last year.

• Sol Strategies $HODL.C acquires Laine Solana validator & stakewiz[.]com for an undisclosed amount; increases total staked Solana to 3.3M $SOL.

• Intel $INTC appoints Lip-Bu Tan as CEO; formerly served as CEO at Cadence Design Systems and a director on the boards of Hewlett Packard Enterprise, Schneider Electric, & SoftBank.

Security and Exploits

• ⭐️ Apple releases emergency security update; patches zero-day vulnerability that has been exploited in "extremely sophisticated" attacks.

• Microsoft releases March 2025 update; patches 57 security flaws including six actively exploited zero-day vulnerabilities.

• Mozilla urges Firefox users to update to the latest version due to expiring root certificate; users running Firefox versions earlier than 128 or Firefox ESR versions prior to 115.13 must update to avoid issues.

Token Unlocks

• Starknet $STRK / ~$11M / MAR 15th
• Sei $SEI / ~$10M / MAR 15th
• Arbitrum $ARB / ~$32M / MAR 16th
Sourced from Tokenomist

Funding

• Mesh raises $82M in Series B funding led by Paradigm.

• Axelar $AXL raises $30M in Strategic token sale from several investors.

• Vest raises $5M in funding from several investors.

• MYX Finance raises $5M in Strategic funding from several investors.

• Rakurai raises $3M in Seed funding led by Anagram.

• Arda Labs raises $3M in Pre-Seed funding from Lightshift Capital.

• M10 raises $3M in Seed funding from several investors.

• Sogni AI raises $2M in Pre-Seed funding led by Republic & Comma3 Ventures.

• Offline Protocol raises $1.1M in Pre-Seed funding led by Portal Ventures.

• Nomadz raises an undisclosed amount in Pre-Seed funding from Solana Foundation.

The Degen Farmer