Terraform Labs To Pay Back $442M

️ On today's Top Picks:

Crypto News

• ⭐️ Terraform Labs to open crypto creditor claims portal on March 31st; plans to repay creditors between $185M and $442M as part of reorganization plan.

• ⭐️ Hyperliquid $HYPE implements enhanced risk management measures following JELLY incident; affected users to be refunded by the Foundation.

• US SEC closes investigation into Crypto[.]com $CRO with no enforcement action; Crypto[.]com received a Wells notice from the SEC in October 2024.

• FTX Founder Sam Bankman-Fried transferred to Oklahoma City Federal Transit Center; move follows unsanctioned video interview with Tucker Carlson.

• NYAG & Galaxy Digital settle LUNA lawsuit for $200M; Galaxy Digital allegedly masked its multi-million dollar exit strategy while publicly promoting LUNA, though neither admits nor denies alleged violations in settlement.

• The Sei $SEI Foundation explores acquisition of 23andMe; would deploy 23andMe on Sei and return data ownership to users through encrypted & confidential transfers.

Alpha

• Initia completes snapshot; Mainnet, TGE, & airdrop potentially launching in April.

• Mind Network $vFHE claim ends on March 31st; TGE & airdrop potentially launching soon.

• Mezo launches exclusive Taho NFT mint; existing Taho users before January 27th, 2025 are eligible.

• MilkyWay launches MilkyWay Foundation; TGE & airdrop potentially launching soon.

• Espresso to launch The Composable NFT collection; full details expected on April 30th; mint expected in May.

Airdrops

• Weekly Airdrop Recap by Earndrop.

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

• Corn launches $CORN airdrop claim; Corn Kernels holders are eligible.

• KiloEx launches $KILO airdrop claim; Kilo Points holders are eligible.

• Walrus launches $WAL airdrop claim; Walrus Airdrop NFT holders are eligible.

• ICYMI Inertia Airdrop Strategy by Earndrop.

Finance News

• ⭐️ US Core PCE inflation rises to 2.8%, higher than expected 2.7%; February PCE inflation was at 2.5%; in-line with expectations of 2.5%.

• EU plans trade concessions to avoid US President Trump's reciprocal tariffs; Trump recently announced 25% tariffs on all non-US manufactured cars.

• US FDIC issues FIL-7-2025 clarifying banks can engage in crypto-related activities without prior approval provided they adequately manage risks; rescinds FIL-16-2022.

• BlackRock $BLK Global Allocation Fund discloses $47.4M in Bitcoin $BTC ETF holdings; added 390,894 iShares Bitcoin Trust shares from November 2024 to January 2025.

• Tether $USDT acquires 30.4% stake in Be Water, "an innovative media company specializing in the production and distribution of audio, video, film, and live content," for $10.8M.

• Tether $USDT increases stake in Adecoagro $AGRO, a Latin American agricultural firm, from 51% to 70%; Adecoagro focuses on sugar, ethanol, dairy, & crop production in Argentina, Brazil, & Uruguay.

Security and Exploits

• ZachXBT warns of sketchy Token 2049 sponsors; lists Spacecoin, Bitunix, JuCoin, WEEX, and DWF as sketchy.

• ⭐️ ZachXBT suspects a Coinbase user was scammed for $34.9M yesterday; suspects a total of $46M+ was stolen from Coinbase users in the past two weeks.

• Mozilla releases Firefox security update patching zero-day vulnerability; flaw being actively exploited in the wild; shares key traits with recently patched zero-day in Google Chrome.

• The Best Windows Antivirus Software for Home Users by AV-TEST.

• The Best Windows Antivirus Software for Business Users by AV-TEST.

Token Unlocks

• Optimism $OP / ~$26M / MAR 31st
• Sui $SUI / ~$161M / APR 01st
• ZetaChain $ZETA / ~$14M / APR 01st
Sourced from Tokenomist

Funding

• ⭐️ Maven 11 raises $107M for third venture fund.

• Abound raises $14M in funding from several investors.

• Warlock raises $8M in Seed funding led by Polychain.

• De Charge raises $2.5M in Seed funding led by Lemniscap.

• Acrium raises an undisclosed amount in Angel & Community funding on Echo.

The Degen Farmer