XION, known for burning a Banksy, to launch the XION mainnet

March 7, 2024

I. Mainstream exchange news

• HashKey Exchange will launch Optimism (OP).
• Binance's new coin mining platform is launching its 48th project, allowing the mining of AEVO (AEVO) with BNB and FDUSD.
• Binance will launch AGIX/FDUSD, and AR/TRY, among other six spot trading pairs.
• The European cryptocurrency exchange Bitstamp has received tentative regulatory approval from MAS.

II. Mainstream projects and trending events

• The Fed Chairman announced that there may be suitable rate cuts at some point this year.
• Wormhole has launched an airdrop query website, with 6.17% of W tokens to be airdropped to 397,704 wallet addresses.
• The privacy-focused browser Brave has added support for Bitcoin wallets.
• Backpack announces that the first snapshot of its pre-trade competition will be taken on March 18th.
• Burnt Banksy has announced the release of L1 blockchain XION's mainnet.
• Uniswap Foundation's proposal to change Uniswap community governance has passed a temperature check vote.
• Injective announced integration with USDe developer Ethena.
• The Senate of Arizona, US, is considering incorporating spot Bitcoin ETF into the state's retirement investment portfolio.
• Mirana Ventures announced it will buy Toncoin on the secondary market for $8 million to support TON.
• BlackRock Bitcoin Spot ETF added 12.6K BTC on Wednesday, with total holdings exceeding 183K BTC.

III. Funding news

• Blockchain security infrastructure company Firewall completed $3.7 million pre-seed funding.
• Multi-chain collateral platform VaultEscrow completed $8 million in seed funding.
• Cryptocurrency trading fee hedging service provider Hedgehog completed $1.5 million in pre-seed funding.

IV. Regulatory news

• US CFTC Consultative Council passed the digital asset classification law by vote.
• Britain is consulting on implementing the OECD crypto reporting framework.
• Spanish authorities ban Worldcoin from collecting and using the country's user information.

IV. Popular projects 

Wormhole has formally launched its airdrop query website

The cutoff time for the Wormhole airdrop snapshot was February 6th. The native tokens are SPL and ERC20. This airdrop distributes 6.17% (617,305,000) of W tokens, split among 397,704 wallets. The main allocations are as follows: 

• 5% of W tokens are allocated for on-chain activities of users that use Wormhole ecosystem applications on over 30 Wormhole-connected blockchains.
• 1.17% of W tokens are allocated to community users, such as Wormhole Discord users, various NFT communities, Monad community, and top community users, including 10,000 Pyth stakers.

Users can now access their wallet airdrop information via https://airdrop.wormhole.com/?ref=wormhole.ghost.io. Once the rewards claim becomes available, users can start claiming their tokens.

Wormhole achieved a valuation of $2.5 billion in its latest investment round. Considering current market premiums, the post-launch valuation is anticipated to range from $30 billion to $50 billion. With 6.17% of tokens designated for the airdrop, this corresponds to a value of $0.85 billion to $3.08 billion. This would mean each account could potentially receive between $465 and $775 worth of tokens.

Burnt Banksy has announced the release of XION's mainnet

Burnt Banksy, known for its controversial act of burning a 2006 Banksy print titled 'Morons (White)' to transform it into an NFT, has revealed plans for the imminent launch of XION’s mainnet. XION is the first blockchain to use USDC as its primary trading currency. Before the mainnet launch, XION released a generic abstract testnet which has seen users create over 1 million accounts and process over 12 million transactions. It's essential to keep an eye out for subsequent information about the mainnet launch.

UNI soars over 20% in one day

On March 7th, a proposal to change Uniswap's community governance passed the temperature check vote with 100% support. Subsequently, it will proceed to on-chain voting. If successful, the community can choose to enable fees, allowing the Uniswap protocol to automatically collect fees and distribute them to UNI token holders who vote. Furthermore, governance can control settings related to fees. Stimulated by this news, UNI reached a new stage high, reaching up to 17 USDT, with the 24-hour increase exceeding 20%.

NEAR surged over 50% in one day

According to official Nvidia news, Illia Polosukhin, co-founder of NEAR Protocol, will be attending the "Transforming AI" themed keynote speech and panel discussion during the GTC24 conference on March 20th. Notably, Nvidia founder Jensen Huang will also be participating in the event. This news has been a significant catalyst, as NEAR's price has surged over 50% in the last 24 hours, hitting a new high of 6.19 USDT.

RBN surged 74% in one day

On March 7th, Binance announced the listing of the 48th LaunchPool project Aevo (AEVO). Aevo is a decentralized derivatives trading platform that focuses on options and perpetual trading and was built by the team behind Ribbon Finance (RBN). RBN holders can convert their RBN into AEVO at a 1:1 ratio, but it needs to be locked for two months. This news has excited the market, causing the RBN token to increase by 74% in 24 hours and transaction volumes soared over $100 million.

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