Crypto Morning Brief: Binance Launchpool to list Nillion (NIL); pump.fun launches DEX platform PumpSwap
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Crypto Morning Brief: Binance Launchpool to list Nillion (NIL); pump.fun launches DEX platform PumpSwap
Trump posted: "As U.S. tariffs start to impact the economy (slowing it!), the Fed had better cut rates and do the right thing. April 2nd is America's Liberation Day."
Navigating Web3 tides with focused insightsAuthor: TechFlow
Yesterday's Market Developments
Trump's speech at the Digital Assets Summit has concluded, with no new policies announced
Donald Trump’s speech at the 2025 Digital Assets Summit has ended, lasting only about two minutes, with no new policy announcements made.
Trump stated, “I call on Congress to pass landmark legislation establishing simple, common-sense rules for stablecoins and market structure. The United States is already leading in cryptocurrency and next-generation fintech—we are ending the previous administration’s regulatory war on crypto and Bitcoin.”
U.S. initial jobless claims for the week of March 15: 223,000, vs. 224,000 expected
According to Jin10, U.S. initial jobless claims for the week ending March 15 came in at 223,000, slightly below the expected 224,000. The prior week’s figure was revised upward from 220,000 to 221,000.
Continuing claims for the week ending March 8 reached 1.892 million, above the 1.887 million forecast, with the previous week’s data revised from 1.87 million to 1.859 million.
Arthur Hayes: Rising U.S. bank credit supply index may benefit Bitcoin
Arthur Hayes, co-founder of BitMEX, posted that “another bullish signal for Bitcoin: my custom U.S. bank credit supply index is rising. This doesn’t mean we’ve finished declining, but markets are shifting toward a more bullish stance.”
Trump: As U.S. tariffs begin impacting the economy, the Fed should cut rates and do the right thing
Trump tweeted, “As U.S. tariffs start affecting the economy (slowing it!), the Fed had better cut rates and do the right thing. April 2nd will be Liberation Day for America.”
pump.fun announces DEX platform PumpSwap, aiming to become Solana’s core trading infrastructure
According to an official announcement, pump.fun has launched its decentralized exchange (DEX) platform PumpSwap. All tokens completing the bonding curve process will now migrate directly to PumpSwap.
PumpSwap features instant migration, zero migration fees (previously 6 SOL), stronger liquidity, and creator revenue sharing. A portion of protocol revenue will be shared with token creators. Each trade on PumpSwap incurs a 0.25% fee—0.20% goes to liquidity providers and 0.05% to the protocol. This allocation will change once the creator revenue-sharing feature launches.
According to CoinDesk, project launch documents indicate that pump.fun’s founders believe PumpSwap can serve as the foundational, permissionless trading infrastructure for all tokens on Solana. They have already secured agreements with multiple token projects to build liquidity directly on PumpSwap’s framework.
Binance Launchpool to list Nillion (NIL)
Binance announced that Nillion (NIL) will be the 65th project listed on its Launchpool platform. Nillion is a decentralized network utilizing blind computing technology to enable secure data processing and storage while preserving privacy.
Users can stake BNB, FDUSD, and USDC to participate in a three-day mining campaign starting March 21, 2025, at 00:00 UTC, to receive NIL token airdrops. The Launchpool webpage is expected to go live within 12 hours of the announcement.
NIL tokens will be listed on Binance on March 24, 2025, at 13:00 UTC, with trading pairs NIL/USDT, NIL/BNB, NIL/FDUSD, NIL/USDC, and NIL/TRY. The token will carry a Seed Tag designation.
NIL Token Details:
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Total token supply: 1 billion NIL
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Maximum supply: uncapped (annual inflation rate of 1% based on issuance type, subject to governance)
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Launchpool rewards: 35 million NIL (3.5% of total supply)
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Initial circulating supply at listing: 195.15 million NIL (19.52% of total supply)
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An additional 25 million NIL will be allocated to other marketing activities six months after spot listing
TON Foundation raises over $400 million through token sale
According to The Block, the TON Foundation announced that a group of venture capital firms—including Sequoia Capital, Ribbit, Benchmark, and Kingsway—have invested over $400 million by purchasing Toncoin, the native cryptocurrency of the TON blockchain. Other investors include Vy Capital, Draper Associates, Libertus Capital, CoinFund, Hypersphere, SkyBridge, and Karatage.
A spokesperson for the TON Foundation said, “These venture capital firms have invested over $400 million in Toncoin. Funding was provided in Toncoin rather than traditional equity or cash.”
Mira Network announces testnet launch, capable of processing 2 billion tokens daily
Decentralized AI infrastructure provider Mira Network announced on X that its testnet is now live, currently supporting 2.5 million users and processing up to 2 billion tokens per day.
Mira is a special-purpose blockchain designed for trusted and verified AI operations. Unlike traditional smart contract networks, Mira’s execution environment is an AI API framework powered by decentralized infrastructure. Currently, Mira is gradually migrating inference throughput to its public testnet.
DuckChain completes burn of 545 million DUCK tokens, representing 9.24% of circulating supply
Following a community vote, DuckChain decided to burn 545,121,670 DUCK tokens that were previously airdropped but unclaimed. According to DuckChain’s announcement, the burn has been completed and associated transaction hashes published. This represents 9.24% of the token’s circulating supply.
BitMEX co-founder: For a true bull market, SLR exemption or QE restart is needed
Arthur Hayes, co-founder of BitMEX, stated on social media that Fed Chair Powell has fulfilled his promise—the Quantitative Tightening (QT) program will effectively end by April 1. However, Hayes believes that for markets to truly enter a bull phase, either the Supplementary Leverage Ratio (SLR) exemption must be reinstated or Quantitative Easing (QE) restarted.
Hayes suggested that Bitcoin may have already bottomed around $77,000, but equities could see further corrections until the Fed fully shifts to support Trump’s economic agenda. He advised investors to remain flexible and hold sufficient cash.
ZachXBT: "Hyperliquid 50x leverage whale" likely fraudster William Parker, previously charged with multiple crimes
On-chain investigator ZachXBT released a report exposing suspicious activity linked to the “Hyperliquid 50x leverage whale” address 0xf3f. ZachXBT summarized: “In January 2025, an individual previously charged with multiple crimes exploited casino game vulnerabilities and phished victims before using high-leverage on-chain trades to turn six-figure funds into $20 million.”
The investigation revealed that wallets controlled by 0xf3f are linked to accounts on platforms including Roobet, Binance, and Gamdom. This address gained widespread attention in March due to two major trades: one involved going long on ETH and BTC with 50x leverage just before Trump announced a crypto reserve plan, netting $10 million; the other involved shorting BTC with 40x leverage, earning $9 million. These funds are now primarily held in address 0x51d...9921.
More suspiciously, in January 2025, a public address linked to 0xf3f was set as the receiving address for the phishing site projection[.]fi, receiving approximately $171,000 in deposits.
ZachXBT connected these activities to William Parker (formerly known as Alistair Packover). Reports indicate Parker was sentenced in Finland last year for stealing nearly $1 million from two casinos. In the early 2010s, he made headlines in the UK for multiple fraud charges related to hacking and gambling.
Market Data
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