GuShiio.com In the coming week, from March 10, 2025 to March 16, 2025, there will be these blockchain highlights worthy of your attention.
Highlights:
- Movement will be launched on the main network on March 10;
- Two U.S. lawmakers plan to release “important plans” on Bitcoin on March 11 (next Tuesday) local time;
- On-chain data visualization platform Bubblemaps announced that it will launch the platform token BMT on March 11;
- The modular blockchain network Hemi Main Network (Mainnet) will be officially launched on March 12, 2025;
- SBI VC Trade, a crypto exchange owned by SBI, will launch the stablecoin “USDC” service on March 12;
- Cheelee (CHEEL) will unlock approximately 20.81 million tokens worth approximately US$162 million at 8 a.m. Beijing time on March 13;
- Aptos (APT) will unlock approximately 11.31 million tokens at 6 a.m. Beijing time on March 13, with a ratio of 1.92% to current circulation and a value of approximately US$67.4 million
March 10
Project dynamics:
Movement will be launched on the main network on March 10
Movement released a video trailer on the X platform, and it will be launched on the main website on March 10.
MegaETH will start accepting users from March 10 after deploying the test network
MegaETH announced on the X platform that it will deploy the testnet on March 6. It will provide exclusive access support for application and infrastructure teams from March 6 to March 10. It will begin accepting users to join on March 10. The current testnet will provide users with single-threaded performance of 1.68 Ggas/second and an effective block time of 15 milliseconds, and more features will be expanded in the future. In order to reduce problems with public faucets, testnet ETH will be distributed directly to participants ‘wallets during the access phase (March 10).
MegaETH said it will not provide airdrop rewards to users participating in the testnet。MegaETH said that the main purpose of the public test network is to conduct technical stress testing, allow developers to explore new technological breakthroughs, and allow users to experience real-time applications for the first time. It emphasized that although they do not oppose the point-based incentive model, it is not in line with the project concept.
PancakeSwap: Simple pledge products will be closed on March 10, 2025, and users need to withdraw funds in time
PancakeSwap said on the X platform that its simple pledge product will be retired at 08:00 on March 10, 2025, Beijing time. PancakeSwap says this is part of its ongoing efforts to simplify products and focus on providing more sustainable, impactful products to the community. Users should withdraw funds before 08:00 on March 10, 2025.
Token unlocking:
Staika (STIK) will unlock approximately 1.5 million tokens worth approximately US$7.8 million at 8 a.m. Beijing time on March 10;
March 11
Policy supervision:
Two U.S. lawmakers plan to release “important plans” on Bitcoin on March 11 (next Tuesday) local time
U.S. Rep. Nick Begich posted on Platform X: “It’s time for the United States to become the first Bitcoin superpower. Is working with U.S. crypto-friendly Senator Cynthia Lummis to advance important plans on Bitcoin. Stay tuned for next Tuesday’s release.”
Project dynamics:
Bubblemaps: Will launch platform token BMT on March 11
On-chain data visualization platform Bubblemaps announced that it will launch the platform token BMT on March 11.
Previously, Bubblemaps will launch BMT tokens to support online survey platform Intel Desk.
March 12
Macroeconomics:
At 8:30 pm on Wednesday, the U.S. February unseasonally-adjusted CPI annual rate, the U.S. February unseasonally-adjusted CPI monthly rate, the U.S. February unseasonally-adjusted core CPI annual rate will be announced
Project dynamics:
SBI VC Trade, a crypto exchange owned by SBI, will launch its stablecoin “USDC” service on March 12
SBI VC Trade, a crypto exchange owned by Japanese financial giant SBI Group, announced on March 4 that it has completed the registration of Japan’s first “trading practitioner such as electronic payment methods” related to stablecoin transactions. After obtaining approval, the company will start processing the stablecoin “USDC” issued by Circle Corporation of the United States on March 12. However, this feature will currently be in the testing stage and circulation will be limited to within the group. With this latest approval, SVI VC Trade now has three licenses: cryptocurrency exchange business, Class I financial instrument business, and electronic payment instrument trading business.
Hemi main network will be launched on March 12, integrating Bitcoin and Ethereum ecosystems
The modular blockchain network Hemi Main Network (Mainnet) will be officially launched on March 12, 2025, aiming to achieve deep integration of Bitcoin and Ethereum through Hemi Virtual Machine (hVM). Currently, Hemi has locked in more than US$300 million in TVL and received US$15 million in seed round financing support from investment institutions such as Binance Labs and Breyer Capital.
Hemi’s core characteristics:
· EVM has built-in Bitcoin node to realize Bitcoin smart contract functions
·Inheriting Bitcoin security and providing a “super-final” transaction confirmation mechanism
·Trust-free cross-chain asset transfer, seamlessly moving assets between Bitcoin and Ethereum through “Tunnels”
·Compatible with Ethereum development tools and supports multiple DeFi applications such as DEX, lending, LST/LRT pledge, and perpetual trading.
Hemi was founded by early Bitcoin developer Jeff Garzik and blockchain security expert Max Sanchez. It is committed to building a super network integrating Bitcoin and Ethereum, providing efficient, secure and scalable Web3 infrastructure.
Lombard Finance will launch its Bitcoin mobile pledge token LBTC on the Sui blockchain on March 12
Lombard Finance announced that its bitcoin mobile pledge token LBTC will launch the Sui blockchain on March 12. This is the first time LBTC has been integrated into a non-EVM compatible chain. Currently, LBTC has been deployed on EVM-compatible networks such as Ethereum, Base and BNB Chain, with a circulation volume of nearly US$2 billion, 70% of which has been used for DeFi protocols such as Aave and Morpho. LBTC will be supported by Sui Wallet and Phantom Wallet, and will be the first to integrate into Sui protocols with the highest TVL levels such as Cetus, Navi Protocol and SuiLend. In addition, Lombard Finance plans to introduce incentives to encourage Bitcoin adoption in the Sui Ecosystem and hints at possible expansion to more non-EVM networks in the future.
on March 13
Exchange:
Coinbase International Station will launch VVV, COOKIE and BIO perpetual contracts on March 13
Coinbase International Exchange announced that it will launch Perpetual Futures for Venice Token (VVV), Cookie DAO (COOKIE) and Bio Protocol (BIO) at or after 17:30 on March 13 (East Eighth District Time) to support transactions on the Coinbase International Exchange and Coinbase Advanced trading platforms.
Token unlocking:
Cheelee (CHEEL) will unlock approximately 20.81 million tokens worth approximately US$162 million at 8 a.m. Beijing time on March 13;
Aptos (APT) will unlock approximately 11.31 million tokens at 6 a.m. Beijing time on March 13, with a ratio of 1.92% to current circulation and a value of approximately US$67.4 million;
March 14
Exchange:
Binance will stop some online recharge and withdrawal support in CTXC, NULS and UFT on March 14
Binance announced that it will stop supporting the recharge and withdrawal of the following tokens through designated networks starting from 16:00 on March 14, 2025:
- Cortex (CTXC) via Ethereum Network
- NULS (NULS) via BNB Smart Chain
- UniLend (UFT) via BNB Smart Chain
From the above time, tokens charged through these networks will not be available, which may lead to asset losses. Users can still recharge and withdraw tokens through other networks supported by Binance.
Market analysis:
Analysts: SOL Spot ETF will be approved as early as March 14, and at the latest October 10
Sosovalue macro analysts said that according to the SEC’s current regulatory framework, cryptocurrency spot ETFs need to undergo dual review of the S-1 registration document and the 19b-4 exchange rule adjustment document. The SEC must announce the results of the preliminary review within 45 days of accepting the 19b-4 document, and make a final decision within 240 days at the latest.
Take the Grayscale Solana Trust as an example. Its 19b-4 document was accepted by the SEC on February 12. The SEC can refuse or extend it within the first 30 days, but cannot directly approve it. Therefore, the earliest approval window is March 14, and the preliminary review deadline is March 29. This time point may release key regulatory signals. If Grayscale Solana Trust is approved, SOL spot ETFs such as Bitwise Solana ETF that adopt the same exchange rule adjustment plan may be approved simultaneously. Market liquidity is expected to initiate a pricing response at this stage. Referring to the approval time of the Bitcoin Spot ETF (up to 240 days), the latest approval date for the SOL Spot ETF is October 10, 2025. However, in the current regulatory environment, the market generally expects that the SEC’s approval process may accelerate.
Token unlocking:
Polyhedra Network (ZKJ) will unlock approximately 17.22 million tokens at 8 a.m. Beijing time on March 14, with a ratio of 28.52% to current circulation and a value of approximately US$35.3 million;
March 15
Project dynamics:
Babylon Foundation Airdrop Registration will close on March 15
Babylon Foundation has previously opened an airdrop registration page, which will end on March 15. This airdrop is targeted to the group mainly including first-stage pledgers, first-stage final certainty providers, and eligible contributors to the Github repository.
Token unlocking:
Connex (CONX) will unlock approximately 4.33 million tokens at 8 a.m. Beijing time on March 15, with a ratio of 376.3% to current circulation and a value of approximately US$78 million;
Sei (SEI) will unlock approximately 55.56 million tokens at 8 pm Beijing time on March 15, with a ratio of 1.19% to current circulation and a value of approximately US$11.8 million;
Starknet (STRK) will unlock approximately 64 million tokens at 8 a.m. Beijing time on March 15, with a ratio of 2.33% to current circulation and a value of approximately US$11 million;
March 16
Project dynamics:
Circle: Linea will upgrade from bridging USDC to native USDC, and is expected to suspend USDC.e bridging on March 16
According to Circle’s official blog, Linea will become the first blockchain to upgrade from bridging USDC (USDC.e) to native USDC (USDC), and will support Circle’s cross-chain transmission protocol CCTP V2 in the upcoming mainnetwork.This upgrade is expected to suspend USDC.e bridging on March 16 and complete the conversion within 1-2 weeks without requiring any user or developer actions.After the upgrade, existing USDC.e will automatically convert to USDC, and the contract address will remain unchanged. Currently, more than US$19 million in bridging USDC has been circulated on the Linea chain, accounting for 71% of its stablecoin supply.
EigenLayer: Airdrop applications for the second quarter are scheduled to close on March 16
The Eigen Foundation announced in an issue on X that applications for airdrops for the second quarter will open on September 16, and the application window will last until March 16, 2025. In addition, a programmatic incentive plan is about to be launched that will issue EIGEN every week and reward pledgers and operators.
