aave, morpho, fluid, euler, kamino, maple finance

The DeFi Bedrock: Money Market Protocols


Introduction
Tokenization was once considered the holy grail of blockchain technology, offering borderless markets, 247

Don't Sleep on RWA Layer 1s: Onboarding the Next Trillion-Dollar Assets




Headline News



Bitcoin and SP500 surged by 10.12% and 4.59% last week, driven by growing optimism over a potential 

Weekly Market Insight: May Week 1

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<h2 class="heading-2"><strong>Headline News</strong></h2>
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<ul class="list-bullet1">
<li class="ace-line ace-line old-record-id-doxlg2HLw8f1BTUEIWKni6o62Rf" data-list="bullet">
<div>Bitcoin price increased by 1.7% last week, showing resilience compared to the S&amp;P 500&rsquo;s 1.5% decline over the same period. Bitcoin dominance has climbed for seven consecutive weeks, drawing a net inflow of $15.85 million into BTC ETFs despite ongoing macroeconomic uncertainty last week.</div>
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<h2 class="heading-2"><strong>Macro-Outlook</strong></h2>
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<ul class="list-bullet1">
<li class="ace-line ace-line old-record-id-A9khdhxFboj2dkxfTr3lXBnegLg" data-list="bullet">
<div>President Trump is considering temporary relief on auto tariffs (currently at 25%) and auto parts (set to take effect on May 3). A mineral agreement with Ukraine is expected to be signed on Thursday.</div>
</li>
<li class="ace-line ace-line old-record-id-MirydGzvwo09RUxHqcBl9MQAghf" data-list="bullet">
<div>US-China dialogue remains vague, with Chinese officials insisting on respect before engaging further. Meanwhile, the White House has floated potential tariffs of up to 245% in response to China's retaliatory actions. Trump later clarified that talks with Chinese authorities are ongoing.</div>
</li>
<li class="ace-line ace-line old-record-id-VQF5dcxt3o0jslxj62WlRbl6gWh" data-list="bullet">
<div>The ECB cut interest rates by 25bps to 2.4%. Euro-denominated stablecoins surged 26% in April, driven by US Dollar depreciation.</div>
</li>
<li class="ace-line ace-line old-record-id-UPHxdP5Oso8iaAxrqNMleKYEgrd" data-list="bullet">
<div>Fed Chair Jerome Powell reaffirmed a cautious, wait-and-see stance on monetary policy. Trump voiced frustration with Powell on social media. Kalshi, the largest regulated prediction market, places the odds of Powell&rsquo;s removal at<a rel="nofollow" href="https://kalshi.com/markets/kxleavepowell/powell-leaving"> 24%</a>, though such a move would challenge constitutional norms.</div>
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<li class="ace-line ace-line old-record-id-WpQJdjzcLoYTEwx9vcWl5cERg5b" data-list="bullet">
<div>US retail sales rose 1.4% in March, slightly beating expectations of 1.3%.</div>
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<div>
<h4 class="heading-4"><strong>Upcoming Economic Calendar including,</strong></h4>
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<ul class="list-bullet1">
<li class="ace-line ace-line old-record-id-doxlgB5fx6v3XjXq5DsBhxGp5Mf" data-list="bullet">
<div>Thursday, April 24, 8:30pm: US Durable Goods Orders in March</div>
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<h2 class="heading-2"><strong>Weekly-Cryptos-Overview</strong></h2>
<div>
<ul class="list-bullet1">
<li class="ace-line ace-line old-record-id-doxlgdoLiRX0tz7f16RdP6bz1xb" data-list="bullet">
<div>Visa is reportedly joining Paxos' <a rel="nofollow" href="https://www.coindesk.com/business/2025/04/14/visa-is-joining-the-paxos-robinhood-stablecoin-consortium-sources?utm_term=organic&amp;utm_medium=social&amp;utm_content=editorial&amp;utm_campaign=coindesk_main&amp;utm_source=twitter">USDG</a> consortium together with Robinhood, Kraken, Galaxy Digital, Anchorage Digital, Bullish and Nuvei.</div>
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<li class="ace-line ace-line old-record-id-ON2Yd37RJobchrxTAIGlagNAgwc" data-list="bullet">
<div>Canary Funds filed a staked TRX ETF application with the SEC.</div>
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<li class="ace-line ace-line old-record-id-QKpcdUQwJo5n0ixntVulI4CogNc" data-list="bullet">
<div>VOXELUSDT on Bitget was exploited (reportedly in millions of dollars) due to a likely market-making bot bug causing the bot to trade in a big spread. The bot bid the price to increase 10% and sold back to a lower price every few seconds. Traders detected and placed opposite bets repeatedly to profit from the bug. <a rel="nofollow" href="https://www.bitget.com/support/articles/12560603825918">Bitget</a> detected the abnormal trading activities and rolledback those exploited trades.</div>
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<h3 class="heading-3 ace-line old-record-id-doxlgmLXUMsnXQcFrGrfIuokSih">&nbsp;&nbsp;<strong>Layer 1 and Layer 2s</strong></h3>
<ul class="list-bullet1">
<li class="ace-line ace-line old-record-id-doxlgEroSccrxmNMbdhhAEj0rme" data-list="bullet">
<div>Solayer has launched the first <a rel="nofollow" href="https://x.com/solayer_labs/status/1912560881688531121">Emerald Reward program</a>, rewarding users with LAYER tokens for purchasing items with the Emerald Visa card.</div>
</li>
<li class="ace-line ace-line old-record-id-YXvjdjmPSoYElkxKVGblwitZgPc" data-list="bullet">
<div>Converge, RWA Layer-1 powered by Ethena and Securitize, released <a rel="nofollow" href="https://www.convergeonchain.xyz/blog-posts/converge-tech-specification-roadmap">technical specification</a> and roadmap, introducing ENA as the staking token, USDtb and USDe as the gas token. The new blockchain will be built in collaboration with Arbitrum, Celestia and Conduit.</div>
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<li class="ace-line ace-line old-record-id-MjbYdRRVAoAxShx1NyNleXuRgLb" data-list="bullet">
<div>Arbitrum launched <a rel="nofollow" href="https://x.com/arbitrum/status/1912945720237367449">Timeboost</a>, allowing users on Arbitrum One and Nova to bid for faster transaction inclusion through a private mempool.</div>
</li>
<li class="ace-line ace-line old-record-id-UneTdBIvmoTlEpxJ3AnlcrEfgYe" data-list="bullet">
<div>Astar Network reduced token inflation from <a rel="nofollow" href="https://astar.network/blog/astr-dynamic-tokenomics-update-194">4.86% to 4.32%</a> with the new dynamic inflation, allocating more weight on AdjustableStakersPart.</div>
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<li class="ace-line ace-line old-record-id-NHptdEyZtoStmUxBV7PlV4LSgxh" data-list="bullet">
<div>Babylon announced <a rel="nofollow" href="https://babylonlabs.io/blog/sui-to-become-a-bitcoin-secured-network">Sui</a> to become a Bitcoin Secured Network (BSN) as part of Babylon's Phase 3, enabling use of Bitcoin as the staking asset to secure Sui Network.</div>
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</ul>
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<h3 class="heading-3 ace-line old-record-id-doxlgMckK3MBWqawJzSLhcIhjlb">&nbsp;&nbsp;Dapps</h3>
<ul class="list-bullet1">
<li class="ace-line ace-line old-record-id-SntMduuRjoL0FaxlUX2lKGcugqf" data-list="bullet">
<div>A16z announced an additional $55 million investment in <a rel="nofollow" href="https://x.com/alive_eth/status/1912899221868396869">ZRO</a>, with a 3-year lockup.</div>
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<li class="ace-line ace-line old-record-id-ZmAQdvuIFoCpwRxLYnAleqyNgRg" data-list="bullet">
<div>Balancer v3 went live on <a rel="nofollow" href="https://medium.com/balancer-protocol/balancer-v3-on-avalanche-pushing-liquidity-forward-059a4ea7d14d">Avalanche</a> with Boosted Pools and programmable Hooks features.</div>
</li>
<li class="ace-line ace-line old-record-id-Q9BydD0RJofpWPxPV9VlW8uCguh" data-list="bullet">
<div>Avantis launched <a rel="nofollow" href="https://x.com/avantisfi/status/1912180762301862312">Zero-Fee Perpetuals</a> on Base, charging fees only if the trades realised in profit.</div>
</li>
<li class="ace-line ace-line old-record-id-D8eZdxGDMo4NQtxGvq1lnr8Igjc" data-list="bullet">
<div>Felix Protocol, Liquity v2 fork on Hyperliquid, enables <a rel="nofollow" href="https://x.com/felixprotocol/status/1912118353499406722">UBTC</a> collateral for minting stablecoins on Hyperliquid.</div>
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<li class="ace-line ace-line old-record-id-OO0Hd8OPvoNmQ5xNSP1lKvt3g3b" data-list="bullet">
<div>F(x) Protocol deposited protocol-owned wstETH and USDC to <a rel="nofollow" href="https://x.com/protocol_fx/status/1912153702485643283">Aave</a> to generate extra yield for Stability Pool stakers.</div>
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<li class="ace-line ace-line old-record-id-YQ4sd3X5eoCO89xX46MldaBigK2" data-list="bullet">
<div>Euler went live on BNB Chain with a $100K incentive program. Euler's TVL has crossed $1 billion.</div>
</li>
<li class="ace-line ace-line old-record-id-USDodoDqdoYQtCxrZLpl5bpKgxc" data-list="bullet">
<div>Spark Finance has allocated <a rel="nofollow" href="https://x.com/sparkdotfi/status/1912133326695182805">$50 million</a> to Maple's SyrupUSDC and potentially increase to $100 million in the future. Maple's TVL has crossed $1 billion as well.</div>
</li>
<li class="ace-line ace-line old-record-id-LFutd6a6qof75dxKiQHlyHa2g6e" data-list="bullet">
<div>Jupiter released <a rel="nofollow" href="https://x.com/JupiterExchange/status/1911820454366454162">Jupiter Pro</a>, an advanced trading platform on Solana with real-time analytics and 10x lower fees. Jupiter also introduced a new aggregator, <a rel="nofollow" href="https://x.com/JupiterExchange/status/1912898538142413066">Juno</a>, improving execution by 4.6x with new router algorithm and additional sources.</div>
</li>
<li class="ace-line ace-line old-record-id-ZNe0dhnLLou6OYxesERlIErYgFc" data-list="bullet">
<div>Raydium launched <a rel="nofollow" href="https://x.com/RaydiumProtocol/status/1912496080383799632">LaunchLab</a>, its own version of Pump.fun.</div>
</li>
<li class="ace-line ace-line old-record-id-SAbmdEFuUoH7IaxahuglKJQygbh" data-list="bullet">
<div>Defi App has integrated <a rel="nofollow" href="https://x.com/defidotapp/status/1912842843128803776">Sonic Network</a> to their platform with zero gas and bridges.</div>
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<li class="ace-line ace-line old-record-id-EkbmdVhvfoinbqx7V7uljpGjgOc" data-list="bullet">
<div>ElizaOS launched <a rel="nofollow" href="https://x.com/autodotfun/status/1913705865770619285">auto.fun</a>, a no-code token launch platform with token graduation to Raydium and swap fees from graduated tokens are used for AI16Z buyback.</div>
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<li class="ace-line ace-line old-record-id-GvoRdciY0o2dV8xaamFlBR3WgHy" data-list="bullet">
<div>Glow Finance launched an <a rel="nofollow" href="https://x.com/GlowFinanceXYZ/status/1911883050419396711">undercollateralised lending</a> platform on Solana via margin account.</div>
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<div>
<h2 class="heading-2"><strong>Upcoming Alpha and Governance</strong></h2>
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<ul class="list-bullet1">
<li class="ace-line ace-line old-record-id-doxlgbyA0VFoajSdKRhPOrSNjXr" data-list="bullet">
<div>GMX passed the proposal to select LayerZero as its messaging partner for <a rel="nofollow" href="https://snapshot.box/#/s:gmx.eth/proposal/0xc0fa577853fa0d066e876a4df3cf8ae7302c60b68f1f13675821dbf5d2acac1b">multichain expansion</a>, including GMX, GM tokens and cross-chain governance.</div>
</li>
<li class="ace-line ace-line old-record-id-QNVfdoJbMohSEZx21V6l9bO4gBm" data-list="bullet">
<div>Zora, the SocialFi platform on Base where users are able to tokenise posts on the platform, is expected to launch <a rel="nofollow" href="https://x.com/zora/status/1914051452882063793">ZORA</a> token on April 23. Base released a tokenised post "<a rel="nofollow" href="https://zora.co/coin/base:0xd769d56f479e9e72a77bb1523e866a33098feec5">Base is for everyone</a>" last week, currently trading at a market cap of approximately $8 million.</div>
</li>
<li class="ace-line ace-line old-record-id-TV5KdM8mjoFDLsxlMGwlUTiVgGd" data-list="bullet">
<div>While the Arizona Bitcoin Reserve Bill is still currently pending the final House vote, Texas has scheduled a Bitcoin Reserve hearing on April 23.</div>
</li>
<li class="ace-line ace-line old-record-id-Wb6WdLkWAoxNLNxSFiDlUVFYgsc" data-list="bullet">
<div>Dolomite, the leading lending protocol on Berachain, is expected to launch <a rel="nofollow" href="https://x.com/Dolomite_io/status/1912968870102802930">DOLO</a> token on April 24 with 36% initial circulation supply.</div>
</li>
<li class="ace-line ace-line old-record-id-Kdjtdu3HzoxtwaxmR2BlbXAwg9d" data-list="bullet">
<div>Initia, the new Layer-1 blockchain that offers interwoven rollups (Layer-2 with custom VM, gas token and transaction ordering) and enshrined liquidity, is expected to launch its mainnet and token <a rel="nofollow" href="https://x.com/initia/status/1912800334197784664">INIT</a> on April 24. INIT is currently trading at approximately $750 million FDV on the perpetual market.</div>
</li>
<li class="ace-line ace-line old-record-id-JWpYd4q0NoJFLux0Q8hlQZCug4g" data-list="bullet">
<div>Solana will be holding the <a rel="nofollow" href="https://x.com/solana/status/1890045891027017737">Crossroads</a> conference from April 25 to 26 in Istanbul.</div>
</li>
<li class="ace-line ace-line old-record-id-TPIUdqEQlouMNvxP4wgldMNTged" data-list="bullet">
<div>Pendle announced increasing YT fees from <a rel="nofollow" href="https://x.com/pendle_fi/status/1911766400210997399">3% to 5% </a>from May 2 onwards. All fees will be distributed to vePENDLE holders in stables. The adjustment is expected to increase the overall protocol revenue by 30% or vePENDLE APY by 60%.</div>
</li>
<li class="ace-line ace-line old-record-id-Ymvwd37rvocsK0x4J6qlKRPmgCm" data-list="bullet">
<div>Aptos proposed to reduce the staking rewards rate from <a rel="nofollow" href="https://x.com/Aptos/status/1914031315810447442">6.8% to 3.79%</a> over 3 months, aiming to encourage more DeFi activities beyond staking.</div>
</li>
<li class="ace-line ace-line old-record-id-P8bSdYPbkoXpmJx4zW6lqki7g1g" data-list="bullet">
<div>Vitalik proposed replacing EVM with <a rel="nofollow" href="https://ethereum-magicians.org/t/long-term-l1-execution-layer-proposal-replace-the-evm-with-risc-v/23617">RISC-V</a> architecture to boost performance of Ethereum execution layer by 100x.</div>
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</ul>
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<h3 class="heading-3"><strong>Token Unlock</strong></h3>
<div>
<ul class="list-bullet1">
<li class="ace-line ace-line old-record-id-Oztjd2pDqovKVex2M6UlJdrZg3d" data-list="bullet">
<div>PLUME token unlocked on April 21, amount representing 5.48% of the token supply.</div>
</li>
<li class="ace-line ace-line old-record-id-E9cJdOOVTo2rpuxRwValf4Sygsd" data-list="bullet">
<div>RON token unlocked on April 27, amount representing 5.28% of the token supply.</div>
</li>
<li class="ace-line ace-line old-record-id-UlxLdFHYxofW8SxDFiqlHHPFgXc" data-list="bullet">
<div>GRASS token unlocked on April 30, amount representing 1.35% of the token supply.</div>
</li>
<li class="ace-line ace-line old-record-id-J8qfdsul7oBNwGxoVRalpPhcgLf" data-list="bullet">
<div>OP token unlocked on April 30, amount representing 1.99% of the token supply.</div>
</li>
<li class="ace-line ace-line old-record-id-CNqudqZh5oyLGuxxmxjldU8PgNe" data-list="bullet">
<div>SUI token unlocked on May 1, amount representing 2.71% of the token supply.</div>
</li>
<li class="ace-line ace-line old-record-id-SNpJdlDMgoT0uLx5yPnlmky0gqe" data-list="bullet">
<div>ENA token unlocked on May 2, amount representing 1.69% of the token supply.</div>
</li>
<li class="ace-line ace-line old-record-id-TJsedwSGjos7usxvRtFlvcetgth" data-list="bullet">
<div>JTO token unlocked on May 7, amount representing 3.54% of the token supply.</div>
</li>
<li class="ace-line ace-line old-record-id-MG5LdoACUoD2rPxZo01l7KOUgEg" data-list="bullet">
<div>MOVE token unlocked on May 9, amount representing 2.04% of the token supply.</div>
</li>
</ul>
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<div class="ace-line ace-line old-record-id-doxlgA7ABWCQHL9oaqp5FZF405b">&nbsp;</div>
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Headline News



Bitcoin price increased by 1.7% last week, showing resilience compared to the SP 500s 1.5% decline o

Weekly Market Insight: April Week 4




Headline News



Bitcoin price increased by 6.8% last week as President Trump announced a 90 day-pause on reciprocal 

Weekly Market Insight: April Week 3



 Tariffs and Other Major Events Impacted Bitcoin, SP 500, and Gold in 2025


Since Donald Trumps return to the White H

2025 Crypto Market Outlook: Heightened Impact of Tariffs and Macro Variables

2025 Crypto Market Opinion: Heightened Impact of Tariffs and Macro Variables




Headline News



Bitcoin declined by 4.88% last week, showing relative resilience compared to the SP 500's 9.08% drop

Weekly Market Insight: April Week 2

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<div>
<h2 class="heading-2"><strong>Headline News</strong></h2>
<div>
<ul class="list-bullet1">
<li class="ace-line ace-line old-record-id-doxlgk7sFz7DnksKEFRaubp4BAe" data-list="bullet">
<div>The cryptocurrency market remains heavily influenced by macroeconomic conditions and upcoming reciprocal tariffs, with investors maintaining a cautious stance due to prevailing uncertainties. Trading volume and open interest in major crypto assets have declined to levels last seen in November 2024.</div>
</li>
<li class="ace-line ace-line old-record-id-G1p9dOIPvox5CxxWUyvlNyV6ghb" data-list="bullet">
<div>Bitcoin price decreased by 4.33% last week. Meanwhile, stablecoin market caps experienced the 4th consecutive weekly increase of $1.11 billion last week.</div>
</li>
</ul>
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</div>
<div class="ace-line ace-line old-record-id-doxlgyySRWpU04iAywxXMjyk5Sd">&nbsp;</div>
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<div>
<h2 class="heading-2"><strong>Macro-Outlook</strong></h2>
<div>
<ul class="list-bullet1">
<li class="ace-line ace-line old-record-id-LL4JdOQFjoBvUKxAayolH3lcgJe" data-list="bullet">
<div>President Trump has confirmed that reciprocal tariffs will take effect on April 2, including a newly announced 25% levy on all imported automobiles. He also warned of even steeper tariffs on the EU and Canada if they collaborate in ways that harm the U.S. economy. Additionally, Trump threatened new tariffs on pharmaceuticals, copper, and "secondary tariffs" on Russian oil. However, he signaled a willingness to negotiate with countries to prevent these tariffs after April 2. He also suggested that the U.S. might consider lowering tariffs on China if Beijing supports the sale of TikTok to American interests.</div>
</li>
<li class="ace-line ace-line old-record-id-GLW8duYaMoDGobxiaTal9PGvgQg" data-list="bullet">
<div>The U.S. durable goods orders increased by 0.9% in February, significantly higher than market expectation of a 1% decrease. The final U.S. Q4 GDP was 2.4%, higher than 2.3% in advance estimates.</div>
</li>
<li class="ace-line ace-line old-record-id-QugMdwOzPo2HEgxiUiilchE6gab" data-list="bullet">
<div>The U.S. core PCE price index increased by 0.4% in February, higher than the market forecast of 0.3%. Personal income increased by 0.8% in February, significantly higher than the market estimate of 0.4%. Meanwhile, personal spending increased by 0.4%, slightly below market expectation of 0.5%.</div>
</li>
</ul>
</div>
</div>
</div>
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<div class="ace-line ace-line old-record-id-doxlg2dCrB9U2jbGTODwFmivJ0g">
<div>
<h4 class="heading-4"><strong>Upcoming Economic Calendar including,</strong></h4>
<div>
<ul class="list-bullet1">
<li class="ace-line ace-line old-record-id-doxlgJzmrYB5BCOgBhEghLqWefg" data-list="bullet">
<div>Tuesday, April 1, 10:00pm: U.S. ISM Manufacturing PMI in March and JOLTs Job Openings in February</div>
</li>
<li class="ace-line ace-line old-record-id-ADWedhRAgo03j8xr7YCl9Mz9gSb" data-list="bullet">
<div>Thursday, April 3, 10:00pm: U.S. ISM Service PMI in March</div>
</li>
<li class="ace-line ace-line old-record-id-OHi6dWremopDFsxWzTIlouRGg2f" data-list="bullet">
<div>Friday, April 4, 8:30pm: U.S. Non-Farm Payrolls and Unemployment Rate in March</div>
</li>
<li class="ace-line ace-line old-record-id-WAxQdvsZ7oG7OMxiFSTl7BzAg8d" data-list="bullet">
<div>Friday, April 4, 11:25pm: Jerome Powell Speech at SABEW Annual Conference</div>
</li>
</ul>
</div>
</div>
</div>
<div class="ace-line ace-line old-record-id-doxlgbqnhncTUt2ryZDLi8IDxye">&nbsp;</div>
<div class="ace-line ace-line old-record-id-doxlgFRnShF1xFUtm7tmv8mWaBh">
<div>
<h2 class="heading-2"><strong>Weekly-Cryptos-Overview</strong></h2>
<div>
<ul class="list-bullet1">
<li class="ace-line ace-line old-record-id-X1ODdDsVAoONSHxe0lIl5tfWgWd" data-list="bullet">
<div>Japan announced plans to amend crypto assets as <a rel="nofollow" href="https://www.nikkei.com/article/DGXZQOUB2126S0R20C25A3000000/?n_cid=SNSTW001">financial products</a> and introduce insider trading regulations to crypto trading.</div>
</li>
<li class="ace-line ace-line old-record-id-Ga3ldVF0Aov9MKxTBChl1E2ogLb" data-list="bullet">
<div>Wyoming introduced <a rel="nofollow" href="https://x.com/wyostable/status/1904976908019962111">WYST</a> token, the first fiat-backed and fully reserved stablecoin issued by a public entity in the United States. LayerZero is selected as the interoperability standard.</div>
</li>
<li class="ace-line ace-line old-record-id-SVi1dibH4on0E6xNFkklKmfcgrg" data-list="bullet">
<div>The FDIC issued Financial Institution Letter <a rel="nofollow" href="https://www.fdic.gov/news/press-releases/2025/fdic-clarifies-process-banks-engage-crypto-related-activities">FIL-7-2025</a>, clarifying that FDIC-supervised banks may engage in permissible crypto-related activities without prior approval.</div>
</li>
<li class="ace-line ace-line old-record-id-X7M4dfQMToLco7xkYJClJ8jcg6f" data-list="bullet">
<div>The US introduced the <a rel="nofollow" href="https://steil.house.gov/sites/evo-subsites/steil.house.gov/files/evo-media-document/stable-act-final-bill.pdf">STABLE Act </a>of 2025, requiring 1:1 reserves in cash and Treasuries with maturity less than 93 days, no yield-bearing on payment stablecoin, 2-year ban on algorithmic stablecoin and more.</div>
</li>
<li class="ace-line ace-line old-record-id-IMbldEwVko5QolxQ8n8lldS3gCe" data-list="bullet">
<div>The U.S. SEC has formally ended litigation against Kraken, Consensys and Cumberland. The SEC also closed its <a rel="nofollow" href="https://x.com/kris/status/1905401337631936684">investigation</a> into Crypto.com and <a rel="nofollow" href="https://www.coindesk.com/policy/2025/03/25/sec-drops-investigation-into-web3-gaming-firm-immutable">Immutable</a>.</div>
</li>
<li class="ace-line ace-line old-record-id-XFr7dDMLTolUkIxgV09lPa9Dgug" data-list="bullet">
<div>Crypto.com announced a partnership with Trump Media and Technology Group to support <a rel="nofollow" href="https://crypto.com/en/company-news/crypto-com-to-partner-to-power-trump-medias-etf-offerings">ETF baskets</a> of cryptocurrencies including CRO.</div>
</li>
<li class="ace-line ace-line old-record-id-HQ8HdtKiUoOBJYxjkqDlmqqmg7f" data-list="bullet">
<div>Ripple agreed to <a rel="nofollow" href="https://x.com/s_alderoty/status/1904587116488917053">withdraw its appeal</a> against the SEC and settle by paying $50 million of the originally imposed $125 million fine. The SEC has also announced its intention to request Judge Torres to lift the &ldquo;obey the law&rdquo; injunction placed on Ripple. Once the Commission finalizes its vote and the necessary court documents are processed, the long-standing SEC vs. Ripple case will officially be concluded.</div>
</li>
</ul>
</div>
</div>
</div>
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<div>
<div>&nbsp;</div>
<div>
<h3 class="heading-3 ace-line old-record-id-doxlg9lQTWmkNmYqQe6pVxnkUod">&nbsp;&nbsp;<strong>Layer 1 and Layer 2s</strong></h3>
<ul class="list-bullet1">
<li class="ace-line ace-line old-record-id-doxlg1rPHhtgkApDwrckGkQXXqe" data-list="bullet">
<div>Transfers between HyperCore and HyperEVM are now live. <a rel="nofollow" href="https://x.com/hyperunit/status/1905292966400229605">Spot ETH trading</a> is now available on Hyperliquid, powered by Unit protocol.</div>
</li>
<li class="ace-line ace-line old-record-id-FZvTdiGahoYONZxxZSTlImqlgff" data-list="bullet">
<div>Gelato announced supporting <a rel="nofollow" href="https://x.com/gelatonetwork/status/1905621956227203434">Avalanche Layer 1s</a>, enabling seamless Layer-1 launching experience with custom execution, KYC compliance and native interoperability.</div>
</li>
<li class="ace-line ace-line old-record-id-Kv2jdiyR0oUgX3x7hyplZkzNghb" data-list="bullet">
<div>Celo Ethereum Layer-2 is now <a rel="nofollow" href="https://x.com/Celo/status/1904776407215202508">live</a>, featuring 1-second blocktime, fee abstraction and more.</div>
</li>
<li class="ace-line ace-line old-record-id-JzykdgZGHo2ZryxhdLFl80xHgjd" data-list="bullet">
<div>Movement announced cutting ties with an undisclosed market maker, as the market maker sold a substantial amount of MOVE without completing meaningful buy orders. Movement committed <a rel="nofollow" href="https://www.movementnetwork.xyz/article/movement-network-foundation-statement">38 million USDT buyback program</a> for MOVE, from cash proceeds recovered from the market maker.</div>
</li>
<li class="ace-line ace-line old-record-id-R6esdTFQUocm2oxqJzsllTZKgw4" data-list="bullet">
<div>Peaq introduced <a rel="nofollow" href="https://x.com/peaq/status/1902737734562673037">Universal Machine Time</a> (UMT), the first onchain precision clock for better machine coordination and data timestamp consistency.</div>
</li>
<li class="ace-line ace-line old-record-id-GeVJdWSxqodNqmxuvQLl6uYMgNi" data-list="bullet">
<div>Sei Foundation shared its plan to acquire <a rel="nofollow" href="https://x.com/SeiNetwork/status/1905315732767817892">23andMe</a>, a genetic data company, as their bet on DeSci initiatives.</div>
</li>
<li class="ace-line ace-line old-record-id-LxxzdsxnooCKoPxBaDBlFI08gAc" data-list="bullet">
<div>Sophon introduced <a rel="nofollow" href="https://x.com/sophon/status/1904223596655915413">Sophon OS</a>, an operating system for crypto-powered consumer experiences.</div>
</li>
</ul>
<div class="ace-line ace-line old-record-id-doxlg4oDr0wZ57RQwSrh3jxOUdd">&nbsp;</div>
<h3 class="heading-3 ace-line old-record-id-doxlgCXrdo258xRsNiUVruCIWwh">&nbsp;&nbsp;Dapps</h3>
<ul class="list-bullet1">
<li class="ace-line ace-line old-record-id-HleNdt98NokBhyxE992lcDSEgHg" data-list="bullet">
<div>World Liberty Finance introduced <a rel="nofollow" href="https://medium.com/@wlfi/world-liberty-financial-plans-to-launch-usd1-the-institutional-ready-stablecoin-2606f48d72d0">USD1</a>, 100% backed by short-term government treasuries.</div>
</li>
<li class="ace-line ace-line old-record-id-doxlgO0iYnXMwJn8e9ZERmlodEh" data-list="bullet">
<div>dYdX announced launching the <a rel="nofollow" href="https://www.dydx.xyz/blog/dydx-buyback-program">DYDX buyback program</a> using 25% of net protocol fees. The community is actively discussing increasing the allocation of net protocol fees to buyback programs to 100% in the future.</div>
</li>
<li class="ace-line ace-line old-record-id-PTzRdBZOqoCMgUxhWkKlNAnIgee" data-list="bullet">
<div>Chainlink partnered with <a rel="nofollow" href="https://x.com/chainlink/status/1904144958845575439">Abu Dhabi Global Market </a>to develop compliant tokenization frameworks in the UAE.</div>
</li>
<li class="ace-line ace-line old-record-id-A7WsdBe7sozPFlxgN4ClCfIXgDh" data-list="bullet">
<div>Particle Network, the chain abstraction DEX protocol, released <a rel="nofollow" href="https://blog.particle.network/introducing-parti/">PARTI</a> token. PARTI token is served as the gas token, staking, cross-chain liquidity and more utilities such as trading discount. The token is currently trading at less than $300 million in FDV and $4.5 million in fees generated by UniversalX, its trading platform.</div>
</li>
<li class="ace-line ace-line old-record-id-UUWgdTm1go6uRexYKn2lKiAWgku" data-list="bullet">
<div>Bio Protocol announced the <a rel="nofollow" href="https://x.com/bioprotocol/status/1905627236692037711">first 3 BioDAOs</a> up for Curation in Bio v1. BIO holders can lock their BIO as curation to support the BioDAOs. BioDAOs with sufficient locked BIO will be qualified for funding, while curators are eligible for discounted BioDAO tokens.</div>
</li>
<li class="ace-line ace-line old-record-id-ZYv6d7ZqyoV0wIxiw2RlZ6dMg0d" data-list="bullet">
<div>Ostium, a self-custody exchange with FX, commodities and indices trading, introduced a <a rel="nofollow" href="https://www.ostium.io/blog/introducing-ostium-v2">V2 upgrade</a> with new fee structures, more asset offerings, more trading flexibility functions and seamless onboarding and deposits.</div>
</li>
<li class="ace-line ace-line old-record-id-LlrXd6UFCof1Vrx6Qbflu30Tgrk" data-list="bullet">
<div>Rysk Finance introduced <a rel="nofollow" href="https://x.com/ryskfinance/status/1904215450579325227">Rysk V12</a>, a covered call strategy platform for liquid crypto assets such as ETH, BTC and MON.</div>
</li>
<li class="ace-line ace-line old-record-id-OIhudfklaoHfIWxk4pulip94gtd" data-list="bullet">
<div>Term Labs introduced <a rel="nofollow" href="https://x.com/term_labs/status/1904278328724398520">TERM</a> token as the governance token which is powered to veto protocol changes in its optimistic governance framework. TERM stakers are also entitled to part of the protocol fees.</div>
</li>
<li class="ace-line ace-line old-record-id-BG6VdFhZOoQK36xHRQ0lVQyEgYc" data-list="bullet">
<div>DigiFT announced launching the first <a rel="nofollow" href="https://insights.digift.sg/digift-to-launch-the-worlds-first-on-chain-index-fund-with-tokenized-real-world-equities/">on-chain index fund </a>with tokenised equities.</div>
</li>
<li class="ace-line ace-line old-record-id-Pr9Kdf31Xo6yyHx6BTflbM6wgyd" data-list="bullet">
<div>CARV launched <a rel="nofollow" href="https://medium.com/@Carv/carv-infinite-play-play-games-and-earn-your-share-a-total-reward-of-300-000-carv-182673a7507a">Infinite Play</a>, empowering players to own their gaming data and developers to gain insights from real-time gaming data from players.</div>
</li>
</ul>
</div>
</div>
</div>
<div class="ace-line ace-line old-record-id-doxlge3qqtUeRohRJ8wWF4vpntc">&nbsp;</div>
<div class="ace-line ace-line old-record-id-doxlgUmub6Y8nN4bUWuHJJiHDUd">
<div>
<h2 class="heading-2"><strong>Upcoming Alpha and Governance</strong></h2>
<div>
<ul class="list-bullet1">
<li class="ace-line ace-line old-record-id-MH5ddEwajojer8xyVI1lZwQNgVn" data-list="bullet">
<div>The Ethereum Pectra mainnet upgrade is expected to launch at the <a rel="nofollow" href="https://beincrypto.com/ethereum-pectra-mainnet-upgrade-delay/">end of April or May</a>.</div>
</li>
<li class="ace-line ace-line old-record-id-FK3adSu15ogm3lxdYNEl6gqdg2I" data-list="bullet">
<div>Solana community proposed to increase the <a rel="nofollow" href="https://github.com/solana-foundation/solana-improvement-documents/blob/main/proposals/0250-raise-block-limits-to-60M.md">block limit from 48M to 60M </a>in SIMD-0256, increasing the network transaction capacity.</div>
</li>
<li class="ace-line ace-line old-record-id-ColedJme5oabZNxGthjl7QSDgDf" data-list="bullet">
<div>Sonic announced <a rel="nofollow" href="https://x.com/SonicLabs/status/1905291005605372328">SonicCS2.0</a>, the new consensus with 2x faster performance and 68% memory reduction, is coming to mainnet soon.</div>
</li>
<li class="ace-line ace-line old-record-id-VhQudAYkcoVXeIxeBUqla6Jfgab" data-list="bullet">
<div>Wayfinder, a DeFAI protocol, delayed the <a rel="nofollow" href="https://x.com/NaesYelof/status/1905990782516879850">PROMPT</a> TGE by approximately a week or two, potentially in mid-April.</div>
</li>
</ul>
<div class="ace-line ace-line old-record-id-doxlgYGqKVip99wqGcACeNMAXpc">&nbsp;</div>
</div>
</div>
</div>
<div class="ace-line ace-line old-record-id-doxlgXdFnWa4luxERDEn6hWLggb">
<div>
<h3 class="heading-3"><strong>Token Unlock</strong></h3>
<div>
<ul class="list-bullet1">
<li class="ace-line ace-line old-record-id-AYqldbG1ToIOdtxqXPQlUQxPgnh" data-list="bullet">
<div>OP token unlocked on April 1, amount representing 1.98% of the token supply.</div>
</li>
<li class="ace-line ace-line old-record-id-PaXEd9Sqdop6jWxcQczlDNprgnd" data-list="bullet">
<div>GRASS token unlocked on April 1, amount representing 1.34% of the token supply.</div>
</li>
<li class="ace-line ace-line old-record-id-DpjGdlWLvoZOhExRL6ilfuQkgFc" data-list="bullet">
<div>SUI token unlocked on April 2, amount representing 2.53% of the token supply.</div>
</li>
<li class="ace-line ace-line old-record-id-O3xYdb6KQoXMqrxgKyul1YaNgre" data-list="bullet">
<div>W token unlocked on April 3, amount representing 24.28% of the token supply.</div>
</li>
<li class="ace-line ace-line old-record-id-HoY8dxIOToWiD6xl0vEleCdFg9c" data-list="bullet">
<div>ENA token unlocked on April 3, amount representing 1.78% of the token supply.</div>
</li>
<li class="ace-line ace-line old-record-id-FKYld42DFoJ06ax6yUSldwJIgMh" data-list="bullet">
<div>JTO token unlocked on April 8, amount representing 2.04% of the token supply.</div>
</li>
<li class="ace-line ace-line old-record-id-CpUOdJcEFoJDCWxioLVlx55ygle" data-list="bullet">
<div>IO token unlocked on April 12, amount representing 2.09% of the token supply.</div>
</li>
<li class="ace-line ace-line old-record-id-AVqQdMwsXo1YXcxpX7LlmqpLghc" data-list="bullet">
<div>APT token unlocked on April 13, amount representing 1.88% of the token supply.</div>
</li>
<li class="ace-line ace-line old-record-id-Kzfgd8KtJo5tbBxxCaBl1sobglf" data-list="bullet">
<div>STRK token unlocked on April 16, amount representing 4.65% of the token supply.</div>
</li>
<li class="ace-line ace-line old-record-id-GX7sdH7C8oKQnyxrUFElcasAg3j" data-list="bullet">
<div>ARB token unlocked on April 17, amount representing 2.01% of the token supply.</div>
</li>
<li class="ace-line ace-line old-record-id-Pv8mdAPnxoPYp0xaaWYli1Bagtc" data-list="bullet">
<div>VANA token unlocked on April 17, amount representing 1.47% of the token supply.</div>
</li>
</ul>
</div>
</div>
</div>
<div class="ace-line ace-line old-record-id-doxlgGJ5NYo4YCsCDhUQXyCW2gf">&nbsp;</div>
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Headline News



The cryptocurrency market remains heavily influenced by macroeconomic conditions and upcoming recipr

Weekly Market Insight: April Week 1




Headline News



Despite most investors remaining cautious on the upcoming reciprocal tariffs that could further esca

Weekly Market Insight: March Week 4

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<div class="ace-line ace-line old-record-id-doxlgUXZ8Hb28ZSyHWM2NptvU75">
<div>
<h2 class="heading-2"><strong>Headline News</strong></h2>
<div>
<ul class="list-bullet1">
<li class="ace-line ace-line old-record-id-doxlgUdCfukC6RNXwQkzzjfN9ib" data-list="bullet">
<div>Bitcoin ETFs experienced the 5th consecutive weekly net outflow of $870.39 million last week, despite stablecoin market cap continued to increase by approximately $1.36 billion last week. Bitcoin price had a slight increase of 0.78% last week as macroeconomic uncertainty persisted.</div>
</li>
</ul>
</div>
</div>
</div>
<div class="ace-line ace-line old-record-id-doxlglX7CrZTOQqDk6s3OOpgy6b">&nbsp;</div>
<div class="ace-line ace-line old-record-id-doxlgxzWDor2m488GtFM7OY1IMh">
<div>
<h2 class="heading-2"><strong>Macro-Outlook</strong></h2>
<div>
<ul class="list-bullet1">
<li class="ace-line ace-line old-record-id-doxlg38NVEN0AnNhZWJHFo3ojLr" data-list="bullet">
<div>The trade war widens with President Trump new 25% tariffs on steel and aluminum imports. The European Commission reimposing countermeasures on &euro;26 billion worth of American goods, while Canada struck back with 25% levies on C$30 billion of American goods. Trump further threatened a 200% tariff on wine, champagne and other alcoholic beverages from the EU, if Brussels follows through with a 50% tax on American whiskey exports, starting on April 1. There is a <a rel="nofollow" href="https://polymarket.com/event/us-recession-in-2025">42%</a> chance U.S. will enter a recession in 2025 according to Polymarket.</div>
</li>
<li class="ace-line ace-line old-record-id-JgiSdUl3xobMwYxGwZHljEXcgTc" data-list="bullet">
<div>The U.S. JOLTs job opennings increased to 7.74 million in January, higher than the market expectation of 7.63 million.</div>
</li>
<li class="ace-line ace-line old-record-id-Xey1dd65oo4nibxLMaEl7CZLgPd" data-list="bullet">
<div>The U.S. inflation rate decreased to 3.1% in February, lower than the market expectation of 3.2%. Meanwhile, PPI was unchanged in February, below forecast of a 0.3% gain. Although, the latest inflation and PPI were below market expectation, core PCE in February is expected to increase by the range between 0.29% to 0.4% according to <a rel="nofollow" href="https://www.forexlive.com/news/goldman-sachs-sees-core-pce-029-20250313/">Goldman Sachs</a> and <a rel="nofollow" href="https://qz.com/inflation-stocks-prices-fed-interest-rates-1851769721">BofA</a>, overall higher upcoming PCE forecast.</div>
</li>
<li class="ace-line ace-line old-record-id-FlScdFcaAoxFtyxOqGjlp4ifgOh" data-list="bullet">
<div>The market estimated 99% probability the rate will remain unchanged in the FOMC meeting this week.</div>
</li>
</ul>
</div>
</div>
</div>
<div class="ace-line ace-line old-record-id-doxlg4M3LDVPtx9TMod9puUCtpf">&nbsp;</div>
<div class="ace-line ace-line old-record-id-doxlg2KeYO1OV9NLZjotpd1pMZb">
<div>
<h4 class="heading-4"><strong>Upcoming Economic Calendar including,</strong></h4>
<div>
<ul class="list-bullet1">
<li class="ace-line ace-line old-record-id-doxlg9q7OpDHUIW7DsvhKqA1xDe" data-list="bullet">
<div>Monday, March 17, 8:30pm: The U.S. Retail Sales in February</div>
</li>
<li class="ace-line ace-line old-record-id-BChBdd8zPofpzHxNlAZlFijSgDg" data-list="bullet">
<div>Wednesday, March 19, 11:00am: Bank of Japan Interest Rate Decision</div>
</li>
<li class="ace-line ace-line old-record-id-DH4RdSoOHocR51xvKUalrymXgfb" data-list="bullet">
<div>Thursday, March 20, 2:00am: FOMC meeting</div>
</li>
</ul>
</div>
</div>
</div>
<div class="ace-line ace-line old-record-id-doxlgEAVSZmTAdTNUdEDASvZnec">&nbsp;</div>
<div class="ace-line ace-line old-record-id-doxlgJC8bOuXEdLShKbDaLgXMFh">
<div>
<h2 class="heading-2"><strong>Weekly-Cryptos-Overview</strong></h2>
<div>
<ul class="list-bullet1">
<li class="ace-line ace-line old-record-id-EXbJdxtlho2a9rxNDi0lSgt6gFe" data-list="bullet">
<div>The U.S. Senate Banking Committee approved the <a rel="nofollow" href="https://x.com/BankingGOP/status/1900203536828252161">GENIUS Act,</a> a bill aims to regulate stablecoin issuers. The bill will require further approval from the full Senate and House of Representatives.</div>
</li>
<li class="ace-line ace-line old-record-id-Sqykd8MSoopzJcxGHu6lt7wMgLh" data-list="bullet">
<div>The U.S. House passed a 292-132 resolution <a rel="nofollow" href="https://x.com/Cointelegraph/status/1899626398207426570">overturning</a> the IRS broker rule requiring DeFi platforms to collect user tax and transaction data.</div>
</li>
<li class="ace-line ace-line old-record-id-CQ38dthgOoGsYyxreAAl0k95gug" data-list="bullet">
<div>According to Fox Business, the U.S. SEC will soon resolve the legal case with <a rel="nofollow" href="https://www.coindesk.com/policy/2025/03/12/xrp-token-rises-after-report-that-ripple-s-close-to-wrapping-up-sec-case">Ripple</a> Labs.</div>
</li>
<li class="ace-line ace-line old-record-id-OOBCdvqkxoI0ENxPz52lGPRfgRz" data-list="bullet">
<div>Ripple received the first blockchain-enabled <a rel="nofollow" href="https://www.coindesk.com/markets/2025/03/13/ripple-bags-dubai-license-to-offer-crypto-payments-in-uae">payments provider license</a> from the Dubai Financial Services Authority to provide regulated crypto payments and services in UAE.</div>
</li>
<li class="ace-line ace-line old-record-id-doxlgaugaUrgVG988adLi32jfLh" data-list="bullet">
<div>Binance raised <a rel="nofollow" href="https://www.binance.com/en/blog/ecosystem/mgx-backs-binance-in-landmark-investment-6242106085221073480">$2 billion</a> from MGX, the Emirati state-owned investment firm, securing a minority stake in Binance.</div>
</li>
<li class="ace-line ace-line old-record-id-VzHLd76FkoyWxExfsFFlWa7igEb" data-list="bullet">
<div>World Liberty Finance purchased $2 million worth of <a rel="nofollow" href="https://intel.arkm.com/explorer/address/0xA713fc94db054AA435AF4d9c66c3433dCA98559F">AVAX and MNT</a> respectively.</div>
</li>
</ul>
</div>
</div>
</div>
<div class="ace-line ace-line old-record-id-doxlgMjCjHG2rcB0CwpoA3JWmcb">
<div>
<div>&nbsp;</div>
<div>
<h3 class="heading-3 ace-line old-record-id-doxlgxPVlFnfiVqhgSwNKsmYJVh">&nbsp;&nbsp;<strong>Layer 1 and Layer 2s</strong></h3>
<ul class="list-bullet1">
<li class="ace-line ace-line old-record-id-OOlzdVKeSojaN2xwhsDlISOSgi4" data-list="bullet">
<div>Solana SIMD-0228 proposal to adopt a market-based emission mechanism has <a rel="nofollow" href="https://simd-votes.stakingfacilities.com/">failed</a> to reach threshold for yes vote.</div>
</li>
<li class="ace-line ace-line old-record-id-doxlgUabU179XPoeG6rPpqwEOSd" data-list="bullet">
<div>Nuffle (previously NEAR DA) rebranded to <a rel="nofollow" href="https://x.com/moremarketsxyz/status/1899385030994256351">MoreMarket</a>, introducing a global liquidity marketplace that enables cross-chain DeFi activities from a universal non-custodial account.</div>
</li>
<li class="ace-line ace-line old-record-id-MkS4dHS5DoraQExDgdIlsH1ygvf" data-list="bullet">
<div>Starknet echoed its goal to <a rel="nofollow" href="https://x.com/starknet/status/1899460308814716946">settle on both Bitcoin</a> and Ethereum, introducing more utilities with BTC and BitVM-powered bridge for Starknet to bring Bitcoin assets to the Layer 2 network.</div>
</li>
<li class="ace-line ace-line old-record-id-KvwVdybPVoscTsxBJd6lr2qeggf" data-list="bullet">
<div>ZKsync <a rel="nofollow" href="https://x.com/ZKsyncIgnite/status/1900206590361239853">sunsetted the Ignite</a> Incentive Program, citing redirect focus from Era to Elastic Network and poor market condition.</div>
</li>
<li class="ace-line ace-line old-record-id-IUindtZw8odCCkxp4XHlz42fgNf" data-list="bullet">
<div>Base launched <a rel="nofollow" href="https://www.coinbase.com/en-gb/blog/the-future-of-investing-is-open-and-onchain">Echo</a>, an onchain private investment platform to support startups in the Base ecosystem.</div>
</li>
<li class="ace-line ace-line old-record-id-B9xidYGIRo1ffRx7XyLlKb56gBm" data-list="bullet">
<div>Near announced <a rel="nofollow" href="https://x.com/KyberNetwork/status/1897291389450289597">KyberSwap</a> and <a rel="nofollow" href="https://x.com/gnosischain/status/1897980661899968635">Gnosis</a> integrate NEAR Intents, bringing seamless cross-chain experience.</div>
</li>
<li class="ace-line ace-line old-record-id-J0fDdYUPzoIZMdxZVtGlSjq3glc" data-list="bullet">
<div>Plume integrated <a rel="nofollow" href="https://x.com/plumenetwork/status/1899449066188402922">Walrus Protocol</a>, a decentralised storage solution on Sui, as the blob storage solution and plans to develop tokenisation engine and cross-chain solution on Sui's Move stack.</div>
</li>
<li class="ace-line ace-line old-record-id-Gc4gdpjE8oiMADxgD8jl7ElPgmf" data-list="bullet">
<div>Movement public mainnet beta is now <a rel="nofollow" href="https://www.movementnetwork.xyz/article/movement-network-public-mainnet-beta">live</a>.</div>
</li>
</ul>
<div class="ace-line ace-line old-record-id-doxlg8YH86j7CMQPDagZYDNTYAb">&nbsp;</div>
<h3 class="heading-3 ace-line old-record-id-doxlgz1QkjPvv7HHokbIqUqZMSb">&nbsp;&nbsp;Dapps</h3>
<ul class="list-bullet1">
<li class="ace-line ace-line old-record-id-doxlgJxCA4aF6Gd7nU72RboUi3f" data-list="bullet">
<div>A Hyperliquid trader had his $290 million worth of 20x long position on ETH be liquidated by gradually removing his collateral, causing HLP vault lost <a rel="nofollow" href="https://x.com/HyperliquidX/status/1899768864705237211">$4 million</a> from slippage while liquidating the position. Hyperliquid reduced the max leverage for BTC and ETH to 40x and 25x respectively. Currently, the <a rel="nofollow" href="https://hypurrscan.io/address/0xf3F496C9486BE5924a93D67e98298733Bb47057c">trader</a> has 40x short position on BTC and 5x long position on Melania.</div>
</li>
<li class="ace-line ace-line old-record-id-OxmfdeQ5Do8VRWxAjxTlWpoDgDd" data-list="bullet">
<div>Circle announced <a rel="nofollow" href="https://www.circle.com/blog/cctp-v2-the-future-of-cross-chain">CCTP V2</a>, significantly reduces the USDC transfer times from minutes to second and enables message attestation before source chain finalisation. CCTP V2 also enables Hooks function, allowing developers to customise post-transfer actions with smart contract integration.</div>
</li>
<li class="ace-line ace-line old-record-id-WotmdMG0noELj7xSCwUl2i79gjg" data-list="bullet">
<div>Drift introduced <a rel="nofollow" href="https://www.drift.trade/updates/introducing-swift-protocol-a-new-trading-standard-for-solana">Swift Protocol</a>, a new trading standard designed for sub-second fills, better prices, and gasless trading across perpetuals and spot markets by consolidating liquidity from multiple sources.</div>
</li>
<li class="ace-line ace-line old-record-id-EQyEdRRqroifuWxQrZclhU57gyc" data-list="bullet">
<div>Compound passed the proposal to launch <a rel="nofollow" href="https://x.com/MorphoLabs/status/1900200229317816341">Compound Blue</a>, powered by Morpho on Polygon with $3 million in COMP and SOL incentives allocated to accelerate growth.</div>
</li>
<li class="ace-line ace-line old-record-id-X3dzdV0cuoil6IxmPy0lEHTigIc" data-list="bullet">
<div>Lit Protocol introduced <a rel="nofollow" href="https://x.com/LitProtocol/status/1900206012818440465">LITKEY</a> token as the staking, gas and governance token of the protocol network. Lit Protocol provides developers to build applications with decentralised key management with secure computation.</div>
</li>
<li class="ace-line ace-line old-record-id-S5hLdI3mYoF778xuD0tlB5enguc" data-list="bullet">
<div>GMX Solana is now <a rel="nofollow" href="https://x.com/GMX_SOL/status/1899807839897432417">live</a>, users can now mint GLV with SOL or USDC with up to 700% APY.</div>
</li>
</ul>
</div>
</div>
</div>
<div class="ace-line ace-line old-record-id-doxlgTecmsj6gh5sgfZZ9atRQMf">&nbsp;</div>
<div class="ace-line ace-line old-record-id-doxlgpW5jSjx6kTasfVtA4C35sh">
<div>
<h2 class="heading-2"><strong>Upcoming Alpha and Governance</strong></h2>
<div>
<ul class="list-bullet1">
<li class="ace-line ace-line old-record-id-AWUodRleIooYmwx6MT3lGlszgwb" data-list="bullet">
<div>Uniswap is likely to pass the <a rel="nofollow" href="https://gov.uniswap.org/t/governance-proposal-uniswap-unleashed-unichain-and-uniswap-v4-liquidity-incentives/25250">incentive campaign </a>to accelerate the growth of Uniswap v4 and Unichain with approximately $24 million and $21 million respectively. The voting ends on March 19.</div>
</li>
<li class="ace-line ace-line old-record-id-T8JZdNemdooCYAxT1pfljlsTgdc" data-list="bullet">
<div>Biconomy announced <a rel="nofollow" href="https://x.com/biconomy/status/1900252625150296126">Biconomy Network</a>, a chain abstraction layer, aims to launch the Genesis Mainnet in April 2025. Biconomy Network features Supertransaction, where users only sign once and execution implemented across multiple chains, and decentralised node networks secured by BICO.</div>
</li>
<li class="ace-line ace-line old-record-id-doxlgOvLceb82gFbfhVgJnUnwTX" data-list="bullet">
<div>Offchain Labs from Arbitrum announced a plan to <a rel="nofollow" href="https://x.com/OffchainLabs/status/1899203661286252695">buyback ARB</a> over time through the open market.</div>
</li>
<li class="ace-line ace-line old-record-id-OOBHdas4worIUjxb8iNlREtegIr" data-list="bullet">
<div>Soneium announced <a rel="nofollow" href="https://soneium.org/en/blog/LINE-MINI-App">4 LINE onchain mini-apps</a> Sleepagotchi LITE, Farm Frens, Moonveil and Pocket Mob are launching in coming months.</div>
</li>
<li class="ace-line ace-line old-record-id-PKx5dSG2dou713xz0d0ltePdgyc" data-list="bullet">
<div>Aave founder proposed <a rel="nofollow" href="https://governance.aave.com/t/temp-check-building-horizon-s-rwa-product-an-aave-licensed-instance-for-institutions/21384">Project Horizon</a>, a RWA-focused lending protocol that is powered by Aave instance. The proposal initially included profit sharing and new token allocation to Aave DAO, but was later reaching a consensus to be launched as a new product line.</div>
</li>
<li class="ace-line ace-line old-record-id-XDA4d6PvjomSh4xzRZtlZ91pgrb" data-list="bullet">
<div>Initia announced to allow VCs and investors <a rel="nofollow" href="https://x.com/initia/status/1900941375082033664">locked allocation</a> to participate in staking with constraints that the staking rewards will be subjected to a 4 year vesting schedule, and reducing the staking emission. Meanwhile, Initia increases the INIT supply to Initia VIP from 10% to 25%, increasing the impact of gauge vote by Initia VIP.</div>
</li>
</ul>
<div class="ace-line ace-line old-record-id-doxlg6yalm9m7BXHxYyKZaLV5bh">&nbsp;</div>
</div>
</div>
</div>
<div class="ace-line ace-line old-record-id-doxlgMND59kP0nwrJSkh5j4NLkE">
<div>
<h3 class="heading-3"><strong>Token Unlock</strong></h3>
<div>
<ul class="list-bullet1">
<li class="ace-line ace-line old-record-id-Tiv5dLI0doZrfDx0vbBlQtWXgCg" data-list="bullet">
<div>IMX token unlocked on March 21, amount representing 1.38% of the token supply.</div>
</li>
<li class="ace-line ace-line old-record-id-OIzJddulloyxHsxV8BPlSBI4gSg" data-list="bullet">
<div>PLUME token unlocked on March 21, amount representing 5.41% of the token supply.</div>
</li>
<li class="ace-line ace-line old-record-id-C5wAdpHS0ouLLZxWeZjldBK6gWQ" data-list="bullet">
<div>ID token unlocked on March 22, amount representing 18.1% of the token supply.</div>
</li>
<li class="ace-line ace-line old-record-id-Jsf3dD9ujoKMg6xOJyylN2d3gpb" data-list="bullet">
<div>OP token unlocked on March 31, amount representing 1.98% of the token supply.</div>
</li>
<li class="ace-line ace-line old-record-id-ErqEdFfzOoQQnsxArLNlJkNbghf" data-list="bullet">
<div>GRASS token unlocked on March 31, amount representing 1.51% of the token supply.</div>
</li>
<li class="ace-line ace-line old-record-id-TT01dg9Osok3ANxaKP1liE8rg2f" data-list="bullet">
<div>SUI token unlocked on April 1, amount representing 2.54% of the token supply.</div>
</li>
<li class="ace-line ace-line old-record-id-T1DFdF0quoFlIdxkvIylPkLWgxf" data-list="bullet">
<div>ENA token unlocked on April 2, amount representing 1.79% of the token supply.</div>
</li>
<li class="ace-line ace-line old-record-id-PQF7dYpumoA0wJxQV6Ml6tSPgRc" data-list="bullet">
<div>JTO token unlocked on April 7, amount representing 3.7% of the token supply.</div>
</li>
<li class="ace-line ace-line old-record-id-A9QwdxQFsopNaixyNnRl5hFPgZc" data-list="bullet">
<div>IO token unlocked on April 7, amount representing 2.09% of the token supply.</div>
</li>
</ul>
</div>
</div>
</div>
<div class="ace-line ace-line old-record-id-doxlgw59kWE8ImdUKJR3s2LwvEd">&nbsp;</div>
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