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

marsbitPublicado a 2026-03-29Actualizado a 2026-03-29

Resumen

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

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.

Preguntas relacionadas

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.

Lecturas Relacionadas

STRC Hits Historic Low, Saylor's Perpetual Motion Machine Grinds to a Halt

STRC, the perpetual preferred stock issued by MicroStrategy to fund its Bitcoin purchases, hit a historic low of $85.32, a 17% discount to its $100 par value. Designed as a "digital credit engine" to trade stably near par and enable continuous share issuance for buying Bitcoin, its plunge signals a breakdown in this model. Three key factors drove the decline: 1. Bitcoin's price fell over 50% from its peak, trading around $63,000 amid hawkish Fed signals. 2. MicroStrategy's cash reserves were depleted after a $1.5 billion convertible note repayment, slashing the dividend coverage for STRC's 11.5% yield to ~7 months. The company then sold 32 BTC to cover dividends—Michael Saylor's first Bitcoin sale since 2022—damaging the "never sell" narrative. 3. A competing Bitcoin-backed preferred stock, Strive's SATA, offers a higher yield (~13%) and daily dividends, drawing investors away from STRC. The drop triggers a negative cycle: STRC below par halts ATM share issuances, cutting off a key funding source for Bitcoin buys and potentially forcing more BTC sales for dividends, further eroding confidence. While Saylor argues the model is mathematically sound—needing only 2.3% annual Bitcoin growth to sustain itself—the market is testing the resilience of the leveraged Bitcoin treasury strategy in a bear market. The STRC price now reflects rising skepticism about this financial machinery's durability during downturns.

marsbitHace 12 min(s)

STRC Hits Historic Low, Saylor's Perpetual Motion Machine Grinds to a Halt

marsbitHace 12 min(s)

A Guide to Grayscale’s ‘Bottom Fishing’: Using Cash Flow to Assess Cryptocurrency Value

**Title:** Grayscale's Guide to Bottom-Fishing: Valuing Cryptoassets Using Cash Flows **Summary:** This report by Grayscale Research presents a fundamental valuation framework for cryptocurrency assets, moving beyond pure speculation to analyze those with underlying cash flows. It distinguishes between "commodity-like" assets (e.g., Bitcoin) and "cash-flow" assets, primarily within DeFi. Using the leading decentralized lending protocol Aave as a case study, the analysis applies traditional financial methodologies like Discounted Cash Flow (DCF) and Price-to-Earnings (P/E) multiples. Key findings indicate that AAVE tokens are currently undervalued. Despite recent challenges, the protocol's strong revenue growth, ~50% net profit margin, and diversified treasury support a fundamental valuation range of $80-$100 per token (compared to a ~$75 market price at the time of writing). In a base-case scenario driven by stablecoin adoption and regulatory clarity, the fair value could rise to around $175 within a year. The report emphasizes that protocol success does not automatically translate to token value. It critically examines the "value capture" mechanisms—such as buybacks, burns, and staking rewards—that channel protocol profits to token holders. Furthermore, it addresses the legal and governance complexities of Decentralized Autonomous Organizations (DAOs), noting their difference from traditional corporate equity but highlighting how robust, transparent governance can align protocol economics with holder interests. The conclusion is that the crypto market is maturing, with capital increasingly flowing towards projects with demonstrable fundamentals, real adoption, and disciplined capital allocation, creating opportunities for value-based investors.

marsbitHace 1 hora(s)

A Guide to Grayscale’s ‘Bottom Fishing’: Using Cash Flow to Assess Cryptocurrency Value

marsbitHace 1 hora(s)

After semiconductors lead the gains, are funds buying into AI orders or a macroeconomic rebound?

After US-Iran talks led to a temporary ceasefire and framework for reopening the strategic Strait of Hormuz, U.S. stocks rose on June 18, with the Nasdaq gaining 1.9%. The semiconductor and AI hardware sectors outperformed. This rally stemmed primarily from reduced geopolitical risk, which lowered oil prices and inflation expectations, easing discount rate pressure on high-valuation growth stocks like tech. The key question is not whether tech rebounded, but the nature of the rebound. The market appears to be selectively repricing AI infrastructure plays rather than broadly chasing AI narratives. Gains were concentrated in chips, optical interconnects, memory, and domestic manufacturing—segments tied to tangible data center build-outs and capital expenditure. Intel's ~10% surge, fueled by a Trump statement about potential Apple collaboration, exemplifies this mixed dynamic. It reflects policy catalysts and domestic manufacturing sentiment more than confirmed fundamentals. Meanwhile, strong earnings from companies like Astera Labs (revenue up 93% YoY) provided concrete evidence of AI-driven demand in hardware. In essence, the rally represents a risk-premium recalibration. Lower Middle East tensions opened a valuation repair window, and capital flowed first into AI infrastructure segments with visible near-term revenue streams. The sustainability of this move hinges on upcoming Q2 earnings, specifically continued strength in cloud provider capex, AI server orders, and hardware company guidance. Policy hopes alone are insufficient; the cycle needs validation from orders and financials.

marsbitHace 1 hora(s)

After semiconductors lead the gains, are funds buying into AI orders or a macroeconomic rebound?

marsbitHace 1 hora(s)

Trading

Spot
Futuros
活动图片