An important week has passed after the Fed’s interest rate decision. bitcoin And cryptocurrency examines what developments investors should follow next week.
Highlights of This Week
- The Arbitrum (ARB) altcoin airdrop was distributed to 625,000 users after a long wait.
- Immutable has partnered with Polygon to launch a zkEVM designed for web3 games, improve their tokenomics and reward IMX stakers with 20% of their gas fees.
- Euler’s attacker has been contacted for bargaining and has so far returned $5.4 million.
- Radiant V2 launches on Arbitrum and plans BNB Chain launch
- Goldentree removed all SUSHI stakes and transferred them to Binance following the SEC’s subpoena.
- RocketPool’s Atlas update is live on the Goerli testnet.
- Buffer Finance rolled out the Mainnet update with Multichart and UX improvements.
- Osmosis has converted at least 10% of its cash treasury reserves into BTC.
- Launched on Balancer Gnosis Chain.
- Starknet alpha v0.11.0 is live on testnet, developer and user experience is improved.
New Management Suggestions of the Week
- A 50% reduction in liquidity mining rewards has been offered by Gearbox.
- SushiDAO has proposed a $3 million legal defense fund for Sushi and platform chief executive Jared Gray.
- RookDAO has proposed doubling ROOK holdings using 5.1 million ETH from the treasury.
- ReflexerDAO aims to expand its revenue sources through liquid staking services.
- Aave recommends disabling V2 borrowing to encourage V3 migration and end V1.
- 1inchDAO offers to invest $1 million in dsETH, Index Coop’s LSD product.
- The IoTeX community has spoken in favor of supporting ETH Liquid Staking Derivatives.
- Suggested migration to Render Network Solana.
Next Week’s Altcoin Developments
- Polygon zkEVM launches on March 27.
- Optimism will launch the Bedrock upgrade.
- SEI network Mainnet is coming soon.
- Yama Finance, a decentralized omnichain stablecoin, will soon be released on Arbitrum.
- AnonZK will launch Visa Off-ramp.
- GMX Synthetics is expected to launch soon and allow listing of new assets.
- GHO and crvUSD stablecoins will be released soon.
- PancakeSwap V3 on BNB Chain is expected to launch in week 1 of April and includes a special NFT and token airdrop.
- Secret Network will migrate to SNIP-20, patching security vulnerabilities on the chain.
Token Unlock Events
Acala (ACA)
Market Cap: $61.89 million
Unlock Amount: 0.5 ($470,200)
Date: 25 March 2023 – 03:00
LooksRare (LOOKS)
Market Cap: $81.22 million
Unlock Amount: 1.3% ($1.9 million)
Date: 25 March 2023 – 07:05 AM
ImmutableX (IMX)
Market Cap: $1.02 billion
Unlock Amount: 0.9% ($20.2 million)
Date: 25 March 2023 – 13:00
Yield Guild Games (YGG)
Market Cap: $47.16 million
Unlock Amount: 1.7% ($4.3 million)
Date: 27 March 2023 – 16:59
Euler
Market Cap: $46.73 million
Unlock Amount: 0.4% ($325,000)
Date: 29 March 2023 – 06:52
*Not investment advice.
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