Token Events

David Schwartz defends Ripple's XRP sales against criticism, arguing they provide liquidity and benefit long-term investors. The debate highlights concerns over corporate growth versus retail holder interests, revealing divisions within the XRP community on transparency and market impact.

Binance has announced the listing of Midnight Network’s NIGHT token on the exchange and distributed 240 million NIGHT tokens to its HODLer Airdrops page members. Charles Hoskinson described the listing as a ‘major accomplishment’ for the Cardano ecosystem, which will introduce NIGHT to 500 mi

Gate News bot message, seven tokens are scheduled for unlocks next week. ASTER leads with an unlock value of $56.84M, followed by ZRO at $53.86M and RIVER at $32.27M. ESPORTS will unlock $12.83M, BBT $7.32M, KAITO $6.50M, and PENGU $5.62M. These represent the largest token unlock amounts for the upc

Polygon has recently experienced a rebound of approximately 4%, driven by attention from a new fee allocation proposal. If passed, it would benefit 33,000 delegators and enhance network security. Meanwhile, DeFi project Katana will launch token distribution on March 18, promoting community participation. The market is anticipating changes in POL demand.

Ripple's Chief Technology Officer David Schwartz points out that burning escrowed XRP tokens would not significantly boost the price, and provides historical data of XLM burns as evidence. He emphasizes that market prices depend more on supply and demand dynamics and investor confidence, rather than mere token burning. This perspective may influence XRP community expectations, prompting attention to actual market demand.

XRP's weekly trading volume declined from $22.9 billion to $16.6 billion, indicating a notable decrease in market participation. The community has criticized Ripple's stock buyback program, arguing that escrow tokens should be burned to increase XRP's value. Ripple's Chief Technology Officer David Schwartz mentioned that supply reduction does not necessarily lead to price increases, citing Stellar's token burn as evidence supporting this viewpoint. Although there have been recent regulatory developments, XRP's market demand has yet to show significant improvement.

Hong Kong's first batch of stablecoin issuer licenses is expected to be announced as early as next week, with reports suggesting HSBC, Standard Chartered, and OSL will receive licenses, backed by regulatory support for bank-led initiatives. Industry insiders reveal that the preliminary list may undergo changes, with Chinese institutions notably absent due to concerns about potential impact on digital yuan promotion.

Pi Network launched a new application feature called Pi Launchpad on its testnet on March 16, designed to help developers issue project tokens and integrate them with practical applications. The platform emphasizes "utility first," promoting healthy ecosystem development and allowing users to experience token issuance and DeFi functionality through the test environment. Launchpad employs a liquidity pool mechanism to provide baseline liquidity, with the overall update aimed at attracting more developers and driving application implementation.

On March 16, Web3 social infrastructure UXLINK launched Season 7 incentive campaign, with the core focus on "AI-Driven and Real-World Applications." Users can complete tasks such as subscribing to AI services and using FujiPay for payments to earn cashback rewards and N-Score points. The campaign aims to promote the integration of Web3 social networks with AI tools and real-world payment scenarios.

Paradex released its product roadmap on March 16, announcing multiple important updates, including DIME token expansion, RWA contract trading launch, upgrades to MCP and CLI functionality, and sharing token buyback progress. Meanwhile, Paradex will rebrand as Paradex Ecosystem to strengthen the connection between real-time dynamics and on-chain trading.

MetaDAO announced on March 16 that it has determined the Ranger (RNGR) token redemption quantity, with a total of 6,137,825.101 tokens at approximately $0.822318 per token. 247 ineligible accounts were excluded, and users are advised to withdraw tokens to their wallets to participate in the redemption. The liquidation portal will go live on March 17.

Surgence Labs reveals its operating model and success cases, including a DeFi project with TVL breaking $100 million in days and token oversubscription of 28x. Despite crypto startups reaching record financing, user growth remains limited by lack of distribution channels, funding dependency, regulatory uncertainty, and technical barriers. The institution emphasizes neutrality to avoid conflicts of interest and provides market entry support.

Bitcoin recently broke through $73,000 with strong performance, decoupling from tech stocks and gold. Analysts predict that if the market stabilizes, it could rise to $75,000 to $80,000. However, geopolitical risks and extremely fearful market sentiment continue to pressure prices. Meanwhile, the Ethereum Foundation sold Ether for approximately $10.2 million to maintain operations.

The Ethereum Foundation announced the sale of 5,000 ETH to publicly listed company BitMine, with the transaction valued at approximately $10.2 million. These funds will be used for core operations. The Foundation is adjusting its treasury management based on its reserve policy and advancing staking strategies to reduce reliance on ETH sales. Community opinions are divided, with some supporting its treasury management practices while others express concerns about token concentration.

Pi Network has initiated the second phase of its mainnet migration, marking the first time that referral reward tokens are included in the migration scope and converted into "on-chain assets." KYC verification is a key condition for the migration, but delays in verification and transfers have caused user dissatisfaction. This migration aims to accelerate Pi Network's transition toward a complete blockchain ecosystem, enabling support for more applications in the future, such as merchant payments and decentralized applications.

Sky Protocol (formerly MakerDAO) has approved approximately 70 million USDS allocation for Genesis Capital to support the launch of Sky Agent, an initiative aimed at establishing a network of independent capital allocators. Despite an 87% reduction in buybacks, USDS and DAI supply continue to demonstrate strong demand, reflecting sustained market confidence in the Sky ecosystem.

Trump TRUMP token holders lunch leaderboard shows that Chinese ID "小x" ranks first with 153.3 million points, holding approximately 2.2 million tokens worth about $9 million. The top 297 holders can attend the Mar-a-Lago lunch, with the top 29 sharing the stage with Trump. Points are earned through token holdings and spending activities.

This week multiple tokens will have large unlocks with a total value exceeding $100 million, including Arbitrum (ARB) unlocking 92.65 million tokens, Lombard (BARD) unlocking 30 million tokens, LayerZero (ZRO) unlocking 25.71 million tokens, and River (RIVER) unlocking 1.11 million tokens.

On March 16, trading platform Ventuals experienced a bank run on HYPE withdrawals, causing vHYPE to briefly plunge to $9 before rebounding to $31. The current price stands at $37.5, still trading at an 18% discount. The CEO stated that withdrawals will be suspended to prevent disruption, and the team is working with private LPs to increase HYPE holdings. Users can exchange vHYPE through secondary liquidity pools at a 0.85:1 ratio, with up to 15% discounts available for instant liquidity.

This week, multiple projects will experience significant token unlocks, including ARB, ZRO, and KAITO, with a total value exceeding tens of millions of dollars, affecting varying proportions of circulating supply. Specific unlock times and amounts have also been disclosed.