Crypto Morning News: Binance announces results of first voting-based token listing, BONK acquires art marketplace platform Exchange Art
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Crypto Morning News: Binance announces results of first voting-based token listing, BONK acquires art marketplace platform Exchange Art
The market sentiment is cautiously bearish, with most traders expecting a retest of the $84,000–$85,000 level.
Navigating Web3 tides with focused insightsAuthor: TechFlow
Yesterday's Market Dynamics
Key U.S. Economic Data Released, Core PCE and Employment Figures Below Expectations
According to Jin10 News, initial jobless claims in the U.S. for the week ending March 22 came in at 224,000, below the expected 225,000, with the prior figure revised upward from 223,000 to 225,000. The final annualized quarterly rate of the U.S. Q4 core PCE price index was 2.6%, compared to an expected and previous value of 2.7%.
Greeks.live: Market Sentiment Cautiously Bearish, Most Traders Expect Re-Test of $84K–$85K Range
In its daily report, Greeks.live analyst Adam stated, "Overall market sentiment remains cautiously bearish within the group. Most traders anticipate a retest of lower levels around $84K–$85K, while others note that the market is currently trading within a narrow range. A key resistance level is observed at $88.4K, where significant passive sell orders are present. Potential support lies at $77K, which some traders refer to as the 'definite bottom.'"
U.S. Senate Votes to Repeal Controversial IRS DeFi “Broker” Rule, Trump Expected to Sign
On Wednesday evening, the U.S. Senate passed a resolution to repeal the Internal Revenue Service (IRS) “broker” rule targeting DeFi platforms by a vote of 70–28. The bill has now been sent to President Trump for signature. David Sacks, White House crypto and AI czar, said senior advisors to Trump plan to recommend that he sign the legislation.
The controversial rule would have required certain “DeFi industry participants” to operate like traditional securities brokers, mandating the collection and reporting of user transaction data. It also required these entities to issue Form 1099s to customers, reporting non-employment income such as gambling winnings, rental income, and royalties.
The Senate initially voted earlier this month to overturn the rule, followed by passage in the House of Representatives. Because the measure was tied to budget reconciliation rules, it required a final Senate vote before being sent to the President.
SEC Drops Civil Enforcement Actions Against Kraken, Consensys, and Cumberland
The U.S. Securities and Exchange Commission (SEC) announced on its official website that it has formally dismissed civil enforcement actions against Kraken (Payward, Inc. and Payward Ventures, Inc.), Consensys Software Inc., and Cumberland DRW LLC. The dismissals were made “with prejudice,” meaning the SEC cannot bring the same claims again in the future.
The SEC stated that the decision was made to advance reforms and updates to its regulatory approach toward the crypto industry, rather than due to any reassessment of the specific allegations. The agency emphasized that this move does not affect its position in other ongoing crypto-related cases.
Walrus Announces Mainnet Launch, Airdrop Claim Portal Open for Walrus Airdrop NFT Holders
According to an official announcement from Walrus Protocol, the Walrus mainnet has officially gone live, and the WAL airdrop claim portal is now open to holders of Walrus Airdrop NFTs.
BONK: Officially Acquires Art Marketplace Platform Exchange Art
Official sources confirm that meme project BONK has acquired the art marketplace platform Exchange Art, aiming to protect and promote the culture surrounding the creation and collection of on-chain art.
Binance Announces First Batch of Voting Results for New Listings: Mubarak, Broccoli714, TUT, and Bananas31 to Be Listed
Per an official announcement, Binance revealed the results of its first voting-based listing round, with Mubarak (Mubarak), CZ’s Dog (Broccoli714), Tutorial (TUT), and Banana For Scale (Bananas31) selected for listing. These tokens are already available on Binance Alpha but will be removed from Alpha upon the start of spot trading. Users can now transfer their Binance Alpha tokens to their spot accounts.
The announcement noted that projects participating in this round but not selected may still have future opportunities for spot listing, subject to continued performance reviews and comprehensive due diligence.
The selection process considered multiple factors, including:
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Community voting results (with emphasis on authentic votes)
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Token historical performance
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Trading demand, especially futures market volume and activity on Binance Alpha
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Fundamental analysis
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Compliance checks
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Risk assessment
Binance Launchpool Lists GUNZ (GUN)
As per official announcement, Binance Launchpool has launched its 66th project—GUNZ (GUN), a Layer 1 blockchain developed by game studio Gunzilla Games for its AAA title.
Users can begin staking BNB, FDUSD, and USDC into the GUN rewards pool via the Launchpool website starting March 28, 2025, at 08:00 (UTC+8). The event will last three days in total.
Musk Invited to Assist Investigation into Signal Chat Leak Incident
According to Fox News, White House Press Secretary Karoline Leavitt said on Wednesday that Elon Musk will assist in leading the investigation into the Signal chat leak involving national security officials and the editor-in-chief of The Atlantic.
"The National Security Council, the Office of the White House Counsel, and Mr. Musk’s team" will lead the inquiry, Leavitt said during a White House press briefing. "Mr. Musk has offered to send his technical experts to help determine how this number was inadvertently added to the group chat, hold those responsible accountable, and ensure such incidents do not happen again."
Previously, The Atlantic editor-in-chief Jeffrey Goldberg revealed in an article published Monday that he had been added to a Signal group chat that included top security officials such as National Security Advisor Mike Waltz, Defense Secretary Pete Hegseth, and CIA Director John Ratcliffe.
Sonic Announces TVL Surpasses $1 Billion
Sonic Labs announced on social media that its total value locked (TVL) has surpassed $1 billion.
MOVE Buyback Address Withdraws $4.94 Million Worth of MOVE Tokens from Binance; Buyback Progress Reaches 27.3%
According to on-chain analyst Ai Auntie (@ai_9684xtpa), the MOVE buyback address withdrew 10 million MOVE tokens from Binance, worth approximately $4.94 million.
Data shows that the buyback address has now withdrawn a total of 20 million MOVE tokens cumulatively, valued at $10.37 million, bringing the overall buyback progress to 27.3%.
Market Movements
Suggested Reading
Solana Meme Trend Shifts Rapidly: The Rise and Fall of $Ghibli’s $28M Market Cap
This article discusses the sudden popularity of the $Ghibli token in the crypto market, exploring factors behind its surge, including the appeal of Studio Ghibli-style visuals, advances in AI image generation, and the influence of market sentiment on meme token valuations.
This piece provides a detailed analysis of a sophisticated attack on the decentralized exchange Hyperliquid, involving price manipulation, vulnerabilities in liquidation mechanisms, and intervention by centralized exchanges (CEXs). The incident exposed weaknesses in DeFi platforms under high-leverage conditions and sparked community concerns over governance transparency and fund security.
From a Financial Perspective: Can Stablecoins Go Mainstream?
This article examines the integration of stablecoins into the traditional financial system, analyzing trends in tokenization, the monetary creation mechanisms of stablecoins, and their potential impact on the U.S. dollar-based economy and global finance.
'Bitcoin Standard' Part 2: Is the 'Deflationary Trap' a 'Century-Long Lie'?
This article dives deep into the relationship between Bitcoin and deflation, analyzing historical manifestations of deflation and their economic impacts. It argues that the so-called “deflationary trap” is the result of human manipulation rather than an inherent flaw in fixed-supply currencies like Bitcoin. By comparing periods such as the Great Depression and the Belle Époque, the article demonstrates that deflation does not necessarily lead to economic decline and highlights Bitcoin’s fixed monetary supply as a potential solution to currency manipulation.
NFTs Are More Than Digital Art: Could Smart Agents Be the Next Big Thing?
This article explores how combining NFTs with smart agents expands the application boundaries of digital assets, introducing innovative design paradigms in software development and artificial intelligence. Thanks to the exclusive rights, upgradability, and provenance traceability of NFTs, smart agents emerge as a novel model with significant market potential.
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