ENA Airdrop for USDe stakers
Synthetic dollar protocol Ethena's 6-week "Ethena Shard Campaign" is coming to an end on April 1st. On April 2, USDe stablecoin stakers can claim ENA tokens.
Airdrop: Ethena will airdrop 5% of the total supply of tokens (750 million $ENA).
USDe: This campaign has increased demand for USDe stablecoin, increasing its supply to more than 1.3 billion.
OTHER NEWS
EARN
Active: Kucoin AMA with GaiminIo
An AMA with GaiminIo is scheduled for 28th March 2024 at 12:00 pm (UTC) on Telegram; there is a reward of $2k in GMRX tokens for participating. The Pre-AMA Activity already started.
Announcement : KuCoin CEO announces $10M Airdrops
KuCoin CEO Jonny Iyu informed users about the many difficulties the platform is facing and announced an early airdrop of $10 million in KCS and BTC on Kucoin to encourage users.
Hack / Scam / Fraud
SBF is to be sentenced today
The decision on the sentence of FTX Scam Empire mastermind Sam Bankman-Fried will be taken today.
Possible Sentence:-
- Maximum of 78 months as requested by SBF's lawyers.
- About 50-year as requested by Prosecutors.
- Judge Kaplan's mood that could be higher or lower.
BITCOIN & Business
Nilam Resource Bitcoin Mischief
A lesser-known microcap company, Nilam Resources, decided to buy 24800 bitcoins. This bullied their stock, which rose over 1900% in a day. However, the CEO, Ron McIntyre, mentioned it "a classic pump & dump". CEO resigned, and Nilam Resources stock crashed to $0.01.
Staking
AltLayer enables Staking
Staking of native tokens is now enabled in decentralized rollup protocol AltLayer. This is the first phase of the launch of the protocol's fast-finality layer MACH Alpha.
CEX / DEX / CeFi / DeqeqeqqeFi / Wallet
Coinbase will HODL more USDC on Base
Coinbase will hold more corporate and client USDC assets on Base. The base's TVL has exceeded $1 billion, which attracted Coinbase. Base Network has grown in popularity due to its low fees and speedy settlement.
Kucoin in mention - tension
Kucoin registered itself with government agency in World's largest Market - India; Kucoin got sued by government agency in World's richest market - United States of America.
Coinbase's motion against SEC rejected
The US court has rejected Coinbase’s motion, against the SEC, which considers Coinbase's Staking Program is unregistered securities. Court has set the date of case management plan for both Coinbase and SEac on 19th April.
ETF & Business
Fidelity Files S-1 for Spot ETH ETF with Staking
We know Ethereum is no longer PoW like Bitcoin but PoS, so Fidelity also included a staking feature in the Form S-1 it filed for its proposed spot Ethereum ETF. Now SEC has to take decision on it. (Full S-1 Form by Fedility)
