Weekly Preview | FTX to Distribute Additional $2.2 Billion to Creditors Starting March 31; US Nonfarm Payrolls Data Stuns the Market

marsbitPublished on 2026-03-29Last updated on 2026-03-29

Abstract

This week's Key Crypto & Financial Events Preview (March 30 - April 5, 2026): **March 30:** - Upbit delists Nomina (NOM); Binance removes UTK from margin trading. - Binance Alpha lists R2 Protocol (R2) and Based (BASED). - Polymarket expands its structure beyond crypto and sports. - European Central Bank begins accepting DLT-based assets as collateral. - BNP Paribas launches 6 crypto ETNs (Bitcoin, Ethereum, etc.) for French clients. - Token unlocks: Zora (ZORA), Kamino (KMNO). **March 31:** - FTX initiates fourth creditor distribution of ~$2.2B. - Bithumb holds shareholders meeting; CEO likely to be reappointed. - EdgeX (by Amber Group) launches $EDGE token. - Folks Finance ends FLOKS token claim period. - Zilliqa ends deBridge support; users must migrate USDC. - 21Shares distributes staking rewards for TETH and TSOL ETFs. - Token unlock: Optimism (OP). **April 1:** - Binance delists multiple tokens (A2Z, FORTH, HOOK, etc.) from spot and contracts. - BGD Labs stops contributing to Aave DAO after 4 years. - Token unlocks: Sui (SUI), EigenCloud (EIGEN), ZetaChain (ZETA). **April 2:** - Token unlock: Ethena (ENA). **April 3:** - Key U.S. macro data: Nonfarm Payrolls, Unemployment Rate, Wage Growth. - Senator Elizabeth Warren demands MrBeast disclose crypto plans for teens by April 3. **April 5:** - Token unlock: Opinion (OPN). **Upcoming (Date TBD):** - Draft of U.S. Clarity Act (incl. stablecoin provisions) expected ...

Key News Preview:

  • Polymarket will expand its fee structure on March 30, no longer limited to cryptocurrency and sports;
  • FTX announced it will initiate the fourth round of distributions on March 31, amounting to approximately $2.2 billion;
  • The perpetual futures exchange edgeX, incubated by Amber Group, will list its platform token $EDGE on March 31;
  • Friday 20:30, US releases March unemployment rate and seasonally adjusted nonfarm payrolls;
  • Sui (SUI) will unlock approximately 42.94 million tokens at 8:00 AM Beijing Time on April 1, representing about 1.10% of the circulating supply, valued at around $37.2 million;
  • Former Fox Business reporter Eleanor Terrett stated that a draft of the "Clarity Act" is expected to be released next week

March 30

Exchanges:

Upbit to delist Nomina (NOM) on March 30, maintaining a 30-day withdrawal channel

South Korean crypto exchange Upbit announced that it will terminate trading support for Nomina (NOM) on the NOM/KRW, NOM/BTC, and NOM/USDT trading pairs at 15:00 KST on March 30, 2026. Upbit stated that based on an evaluation of "Model Cases for Virtual Asset Trading Support," NOM was found to have multiple deficiencies in areas such as important notice disclosures, governance process transparency, project substantive business, and sustainability, which could potentially harm users. It was listed as a trading caution item on February 12. After a review found these issues unresolved, Upbit decided to delist it in accordance with its Digital Asset Trading Support Termination Policy. NOM withdrawals will remain available for 30 days after delisting, until April 30, 2026, with technical delays risk for withdrawals after the deadline.

Binance Leverage to delist UTK on March 30

Binance Leverage will remove UTK from cross-margin assets and delist UTK cross-margin and isolated margin trading pairs at 14:00 (UTC+8) on March 30, 2026.

  • Cross-Margin Trading Pair: UTK/USDT;
  • Isolated Margin Trading Pair: UTK/USDT.

Binance Alpha to list R2 Protocol (R2) on March 30

Binance Alpha will list R2 Protocol (R2) on March 30. Eligible users can claim the airdrop using Binance Alpha points on the Alpha activity page after Alpha trading opens. Specific details will be announced separately.

Binance Alpha to list Based (BASED) on March 30

Binance Alpha will list Based (BASED) on March 30. Eligible users can claim the airdrop using Binance Alpha points on the Alpha activity page after Alpha trading opens. Specific details will be announced separately.

The Based Foundation announced that the Based community token $BASED will undergo its TGE (Token Generation Event) on March 30.

Project Updates:

Polymarket to expand fee structure on March 30, no longer limited to cryptocurrency and sports</p

Prediction market platform Polymarket will expand its fee structure starting March 30 to cover finance, politics, economics, culture, weather, and technology, not just cryptocurrency and sports. The new fee structure will adopt variable rates.

European Central Bank to accept assets based on Distributed Ledger Technology as eligible collateral for Eurosystem from March 30

The European Central Bank (ECB) will accept tradable assets issued using Distributed Ledger Technology (DLT) in Central Securities Depositories (CSDs) as eligible collateral for Eurosystem credit operations starting March 30. Such assets must meet the Eurosystem's collateral eligibility criteria and management requirements, including settlement in a securities settlement system compliant with the CSD Regulation and connectable to TARGET2-Securities (T2S). The plan will be implemented in phases, considering market developments and the evolution of relevant laws and regulations such as MiCAR and the DLT pilot regime. This move aims to encourage innovation and promote the integration of European capital markets.

BNP Paribas expands crypto asset product line, launches 6 crypto asset ETNs including Bitcoin and Ethereum, open for subscription on March 30

BNP Paribas officially announced the launch of 6 crypto asset-related ETNs (Exchange Traded Notes), providing investors with indirect exposure to assets like Bitcoin and Ethereum without direct ownership. These products are based on crypto asset performance, issued by several well-known asset management institutions, and comply with the MiFID II regulatory framework to enhance investor protection. These ETNs will be available for subscription to individual clients, entrepreneur clients, and private banking clients in France starting March 30, 2026, with plans to gradually expand to more wealth management client segments.

Token Unlocks:

Zora (ZORA) will unlock approximately 167 million tokens at 8:00 AM Beijing Time on March 30, representing about 3.70% of the circulating supply, valued at approximately $2.5 million;

Kamino (KMNO) will unlock approximately 229 million tokens at 8:00 PM Beijing Time on March 30, representing about 3.37% of the circulating supply, valued at approximately $4 million;

March 31

Exchanges:

FTX to distribute additional $2.2 billion to creditors starting March 31

FTX announced it will initiate the fourth round of distributions on March 31, amounting to approximately $2.2 billion, targeting convenience and non-convenience class claim holders who have completed the relevant requirements. Eligible creditors will receive funds from their chosen distribution service provider within 1 to 3 business days after the distribution begins. FTX also set April 30 as the record date for preferred equity interest holders, with corresponding payments to be made on May 29. FTX reminded customers to be vigilant against phishing emails and scam websites impersonating the official portal.

Bithumb to hold regular shareholders' meeting on March 31, board inclined to push for incumbent CEO's re-election

Industry insiders indicated that although Bithumb recently received a heavy penalty from regulators, the board is inclined to support the re-election of incumbent CEO Lee Jaewon. Bithumb will hold its regular shareholders' meeting on March 31, where a proposal to extend Lee Jaewon's term will be voted on. Lee Jaewon's current term ends this month, and if passed, he will receive a new two-year term. The report stated that Bithumb's choice to retain its existing leadership rather than reshuffle is seen as an effort to maintain operational continuity and organizational stability while addressing current challenges.

Project Updates:

edgeX confirms $EDGE token listing on March 31

edgeX announced that the Token Generation Event (TGE) and trading launch time for its platform token $EDGE is scheduled for March 31. edgeX is an order book-based perpetual futures exchange incubated by Amber Group.

First season FLOKS token unlock period ended, those not yet claimed must claim before March 31

Folks Finance tweeted that the first season FLOKS token unlock period has ended. Those who have not yet claimed must do so by 22:00 on March 31, otherwise the tokens will be permanently forfeited.

deBridge cross-chain service on Zilliqa to terminate on March 31, users need to complete USDC migration

Zilliqa reminded users that the deBridge cross-chain bridge service within its ecosystem will officially terminate on March 31, 2026. Users need to complete USDC cross-chain operations before this date. Zilliqa previously announced on March 6 the introduction of zUSDC through its self-developed XBridge, migrating USDC liquidity to Zilliqa's own infrastructure to enhance stability and continue stablecoin liquidity within the ecosystem. The deBridge shutdown is part of this infrastructure upgrade.

21shares to distribute staking rewards to TETH and TSOL investors on March 31

Crypto ETF issuer 21shares will distribute staking reward income earned from its Ethereum ETF (TETH) and Solana ETF (TSOL). TETH will distribute $0.012530 per share, and TSOL will distribute $0.016962 per share. The ex-dividend/record date for this distribution is March 30, 2026, and the payment date is March 31.

Token Unlocks:

Optimism (OP) will unlock approximately 31.34 million tokens at 8:00 AM Beijing Time on March 31, representing about 1.55% of the circulating supply, valued at approximately $3.2 million;

April 1

Macroeconomics:

Wednesday, April 1, 21:05, St. Louis Fed President Musalem speaks on the US economy and monetary policy; 21:45, US March S&P Global Manufacturing PMI Final; 23:00, 2026 FOMC voter, Dallas Fed President Logan speaks.

Exchanges:

Binance to delist spot and futures trading for A2Z, FORTH, and other tokens on April 1

Binance will delist all spot trading pairs for A2Z, FORTH, HOOK, IDEX, LRC, NTRN, RDNT, SXP starting at 11:00 (UTC+8) on April 1 and stop related Trading Bots services. Futures for these tokens will be automatically settled and delisted at 09:00 (UTC) on March 24. Support for Margin, Simple Earn, Dual Investment, Mining Pool, Loan, Convert, Buy & Sell, Gift Card, Binance Pay, and other services will be gradually discontinued according to their respective schedules. Deposits for related tokens will not be credited after 03:00 (UTC) on April 2. Withdrawal support will last until 03:00 (UTC) on June 1, after which tokens may be converted to stablecoins on behalf of users but this is not guaranteed.

Project Updates:

Aave core technical contributor BGD Labs to cease participation in Aave DAO after April 1

Aave protocol core technical contributor BGD Labs stated that it will cease participation in Aave DAO after the current service cooperation ends on April 1, concluding nearly four years of development and infrastructure work on the lending platform. It stated that the early notice is to ensure a smooth transition and noted that it will continue to fulfill existing responsibilities until the contract expiration, including work on Aave v3, Umbrella, chain expansion, asset listings, and security. BGD Labs also plans to release documentation and maintenance guides to help other contributors take over its projects.

BGD Labs stated that its exit reflects broader shifts in Aave's organization and governance environment, especially as the startup that initially built the protocol, Aave Labs, shifts to playing a more central role in developing Aave v4 and other initiatives. Aave Labs recently proposed directing 100% of protocol revenue directly to the DAO treasury while applying for funding to support its development work.

Token Unlocks:

Sui (SUI) will unlock approximately 42.94 million tokens at 8:00 AM Beijing Time on April 1, representing about 1.10% of the circulating supply, valued at around $37.2 million;

EigenCloud (EIGEN) will unlock approximately 36.82 million tokens at 12:00 PM Beijing Time on April 1, representing about 7.54% of the circulating supply, valued at approximately $6.3 million;

ZetaChain (ZETA) will unlock approximately 44.26 million tokens at 8:00 AM Beijing Time on April 1, representing about 3.37% of the circulating supply, valued at approximately $2.2 million;

April 2

Token Unlocks:

Ethena (ENA) will unlock approximately 40.63 million tokens at 8:00 AM Beijing Time on April 2, representing about 0.52% of the circulating supply, valued at approximately $3.7 million;

April 3

Macroeconomics:

Friday, April 3, 20:30, US March unemployment rate, US March seasonally adjusted nonfarm payrolls, US March average hourly earnings year-on-year, US March average hourly earnings month-on-month; 21:45, US March S&P Global Services PMI Final.

Policy & Regulation:

US Senator Warren sends letter to MrBeast, demanding disclosure of crypto business plans targeting teenagers by April 3

US Senate Banking Committee ranking Democrat Elizabeth Warren sent a letter on March 23 to Beast Industries, owned by famous YouTube creator MrBeast, demanding that MrBeast and Beast Industries CEO Jeff Housenbold respond by April 3 regarding crypto-related plans targeting teenagers. The letter asks whether they plan to allow Step users to invest in crypto assets or NFTs, how they will promote Step products, and how they will safeguard user funds. Previously, MrBeast's Beast Industries stated it had acquired Step, a mobile banking app for young people, to advance its footprint in financial services.

April 4

None

April 5

Token Unlocks:

Opinion (OPN) will unlock approximately 32.09 million tokens at 8:00 PM Beijing Time on April 5, representing about 13.91% of the circulating supply, valued at approximately $6.1 million;

TBD

Policy & Regulation:

Eleanor Terrett: Draft "Clarity Act" expected to be released next week

Former Fox Business reporter Eleanor Terrett stated that an aide to US Senator Thom Tillis informed her that a draft of the "Clarity Act" is expected to be released next week, containing stablecoin yield/reward provisions, while negotiations with stakeholders continue.

Project Updates:

Musk: Grok Imagine has a major release next week

Elon Musk announced that Grok Imagine has a major release next week. Grok Imagine is a video generation tool built by xAI around the Grok chatbot.

X Platform Product Head: Grok's full algorithmic functionality to launch next week

X Platform Product Head Nikita Bier posted that Grok's full algorithmic functionality will launch next week, calling it the most significant change to the X platform to date.

Related Questions

QWhat is the total amount FTX plans to distribute to creditors starting March 31, and which round of distribution is this?

AFTX plans to distribute approximately $2.2 billion to creditors starting March 31, and this is the fourth round of distribution.

QWhich major US economic data is scheduled to be released on Friday, April 3, at 20:30?

AThe US unemployment rate for March, US seasonally adjusted non-farm payrolls, US average hourly earnings year-on-year, and US average hourly earnings month-on-month are scheduled to be released on April 3 at 20:30.

QWhat significant change is Polymarket implementing to its fee structure on March 30?

APolymarket is expanding its fee structure on March 30 to cover financial, political, economic, cultural, weather, and technology fields, moving beyond its previous focus on just cryptocurrency and sports, and will adopt a variable fee rate.

QWhich new platform token, incubated by Amber Group, is set to launch on March 31?

AThe $EDGE token, for the perpetual contract exchange edgeX incubated by Amber Group, is set to launch on March 31.

QWhat action is the European Central Bank (ECB) taking regarding distributed ledger technology (DLT) starting March 30?

AStarting March 30, the European Central Bank (ECB) will accept tradable assets issued using distributed ledger technology (DLT) in central securities depositories (CSDs) as eligible collateral for Eurosystem credit operations, provided they meet specific criteria.

Related Reads

In-depth: The Foreign Guest Genspark

The article "The Foreign Guest: Genspark" investigates the identity and business practices of AI startup Genspark, which presents itself as a Palo Alto-based "AI Costco" offering a subscription bundle of over 70 models and numerous AI agent tools. Despite its official Silicon Valley narrative, Genspark's founding team has deep roots in Chinese tech giant Baidu, a history systematically downplayed in its branding. The company actively cultivates an image as an elite US firm, heavily publicizing partnerships and endorsements from OpenAI, Anthropic, and Microsoft, while distancing itself from the Chinese AI community and obscuring its connections to Chinese investors and open-weight models (like those from DeepSeek, Moonshot AI, and MiniMax) that power its services. Genspark's core strategy involves rapidly cloning and integrating successful AI product concepts (e.g., from Perplexity, Manus, Plaud) into its unified platform, supported by aggressive marketing, including Super Bowl ads and paid native content in publications like The Wall Street Journal. Critically, the article suggests a significant portion of its engineering and product development is conducted by a team in Beijing, operating outside its official US corporate structure. This duality allows Genspark to leverage Chinese talent and models for efficiency and cost reduction while constructing a public facade as a purely American success story. The piece concludes that Genspark's most effective agent is its own corporate identity, meticulously engineered to obscure its Chinese underpinnings and be perceived solely as a Silicon Valley company.

marsbit41m ago

In-depth: The Foreign Guest Genspark

marsbit41m ago

Debate: Korean Workers Fear Unemployment, While Musk Envisions a Society 'Without Work'?

While South Korean auto workers fear job losses from robotics, Elon Musk envisions a future where AI and robots render most work optional. This article explores the growing tension between immediate anxieties over automation and long-term visions of a post-work society. The piece begins with recent strikes at Hyundai's Korean plants, where unions, amid standard wage negotiations, also sought job guarantees against advancing robotics—specifically mentioning Boston Dynamics' Atlas. This reflects how anxiety about technological displacement is emerging even before robots are fully capable of replacing skilled labor on assembly lines. The author argues that while current robotics still struggle with the nuanced, experiential knowledge of veteran workers, the *perception* of imminent replacement is fueling social conflict prematurely. This modern "Luddite" sentiment is compared to the 19th-century English textile workers who smashed machines. Historically, Luddites weren't simply anti-technology; they were protesting the rapid devaluation of their skills and the unequal distribution of productivity gains. Similarly, today's workers ask who will bear the cost of transition and share in the new wealth created by machines. In contrast, figures like Elon Musk propose an optimistic endpoint: with AI and robotics driving extreme abundance, the link between work and survival could break. He suggests concepts like "Universal High Income" could allow society to share the technological bounty, transforming work from a necessity into a choice. The core challenge, however, lies in the transition. The author notes that technology's benefits diffuse slowly, while its disruptive costs—job losses, skill obsolescence—can be concentrated and immediate. The risk is a painful interim period where productivity gains are captured by a few before new social contracts, safety nets, and retraining systems are established. The conclusion calls for proactive governance. Just as past industrial revolutions gave rise to labor standards and social safety nets, the robotics era needs its own frameworks. These should address job transition support, distribution of productivity gains, safety liability, and ethical deployment. Embracing such "constraints" is not opposition to progress but a necessary step to ensure technology benefits society broadly. The discussion sparked by Hyundai's workers, therefore, is not premature but essential.

marsbit54m ago

Debate: Korean Workers Fear Unemployment, While Musk Envisions a Society 'Without Work'?

marsbit54m ago

Trading

Spot
活动图片