US Treasury Lifts Tornado Cash Sanctions

️ On today's Top Picks:

Crypto News

• ⭐️ US Treasury lifts sanctions on Tornado Cash $TORN; move comes after an appeals court ruled that OFAC exceeded its authority by sanctioning Tornado Cash in November 2024.

• US SEC clarifies stance on proof-of-work crypto mining; says proof-of-work mining does not involve the offer and sale of securities.

• Pump[.]fun launches PumpSwap, its new native DEX; all coins that complete their bonding curve will migrate directly to PumpSwap instead of Raydium $RAY; enables instant migrations, 0 migration fees, creator revenue sharing, & more.

• Canary Capital files S-1 registration for Pudgy Penguins $PENGU ETF; also recently filed for several other altcoin ETFs.

• Moonpay announces $200M revolving credit line from Galaxy; designed for moments of extreme liquidity demand.

• Coinbase $COIN in advanced discussions to acquire Deribit, a crypto derivatives exchange; notified regulators in Dubai where Deribit holds a license.

• Kraken acquires NinjaTrader, a retail futures trading platform, for $1.5B; enables Kraken to offer crypto futures and derivatives in the US.

• Bithumb headquarters raided by South Korean authorities over allegations of misappropriating funds; previously raided in 2023 for a price manipulation probe.

• Gotbit Founder Aleksei Andriunin forfeits $23M in plea deal; Gotbit was charged with crypto market manipulation in October of last year.

Alpha

• Berachain $BERA to launch Proof of Liquidity on March 24th; incentives to start & new vaults to get emissions.

• Movement Network $MOVE combines Cornucopia, MoveDrop, & Parthenon V2; MoveDrop holders to receive perks in Parthenon V2, boosted partner rewards, ecosystem eewards, & more.

• ⭐️ MegaETH launches public testnet; airdropped testnet ETH to over 190K wallets; recently stated "btw no airdrop for using public testnet..." on X.

• Rainbow launches Rewards Phase 2; also establishes Rainbow Foundation; TGE & airdrop potentially launching soon.

• Backpack launches Points Season 1; drops first points to 475k+ users that traded in pre-season & public beta; points to be dropped each Friday based on activity.

• StakeStone launches STONERJourney Footprint; TGE & airdrop potentially launching soon.

• Superboard launches Exploring New Ecosystem with Relay campaign; Reservoir (Relay) recently raised $14M in Series A funding led by Union Square Ventures.

Airdrops

• Weekly Airdrop Recap by Earndrop.

• Hyperlane (UPDATED) Airdrop Strategy by Earndrop.

• ⭐️ Farcaster launches Airdrop Offers, targeted airdrops based on completed actions; Farcaster Founder Dan Romero posted "Looks like we have 3 airdrops scheduled in the next 10 days..." on Warpcast.

• Nillion unveils $NIL tokenomics; 20% of supply allocated for the Community; TGE & airdrop launching on March 24th.

• Eclipse airdrop claim page discovered; no official announcement from Eclipse; TGE & airdrop potentially launching soon.

• Hyperlane airdrop claim page discovered; no official announcement from Hyperlane; TGE & airdrop potentially launching soon.

Finance News

• Paul Atkins, US President Trump's pick for SEC Chairmen, to face US Senate Banking Committee on March 27th for his nomination hearing; if approved by the committee, the nominations will proceed to a full Senate vote.

• Tether $USDT was the 7th largest buyer of US Treasuries in 2024; bought $33.1B worth of US Treasuries last year.

• United Arab Emirates to invest $1.4 Trillion in the US over 10 years; President Trump met with UAE officials earlier this week.

• US S&P 500 closes slightly higher and officially ends a four-week losing streak.

• ⭐️ Strategy $MSTR completes $STRF perpetual preferred stock offering; increases from originally planned $500M to $722.5M; to use proceeds to buy Bitcoin $BTC.

• Metaplanet $3350.T appoints Eric Trump, the second son of US President Trump, to its Strategic Board of Advisors; Metaplanet currently holds 3,200 Bitcoin $BTC worth $270M.

Security and Exploits

• ⭐️ North Korea reportedly launches new hacking group called Research Center 227; to focus on AI-based hacking and stealing digital assets.

• Google release Chrome security update patching critical vulnerability; allows remote attackers to exploit heap corruption through a crafted HTML page.

• ZachXBT posts investigation into alleged identity of mysterious Hyperliquid whale; identifies them as William Parker who was previously charged for multiple crimes.

• ZOTH drained for ~$8M due to private key leak; also recently drained for $285K on March 6th.

Token Unlocks

• Immutable $IMX / ~$14M / MAR 21st
• Space ID $ID / ~$20M / MAR 22nd
Sourced from Tokenomist

Funding

• The Open Network $TON raises $400M+ in Private Token Sale from several investors.

• Walrus raises $140M in Private Token Sale led by Standard Crypto.

• Uranium Digital raises $6.1M in Seed funding led by Framework.

• Manifest Finance raises $2.5M in Pre-Seed funding led by VanEck.

• Stoffel MPC raises $1.6M in Pre-Seed funding led by Eterna Capital & Robot Ventures.

• DMND raises an undisclosed amount in funding from Trammell Venture Partners.

• AegisAI raises an undisclosed amount in Pre-Seed funding led by IDG Capital.

• COCA Wallet raises an undisclosed amount in funding led by Stellar Development Foundation.

The Degen Farmer