This Week's News Preview | Two U.S. Senators Release "Important Plan" on Bitcoin; Bubblemaps Launches Platform Token BMT
Highlights of the week from March 10 to March 16.Organizer: Jerry, ChainCatcher
Key News:
- Movement mainnet may launch on March 10
- PancakeSwap: Simple staking product will close on March 10, 2025
- Two U.S. Congress members plan to announce an "important plan" regarding Bitcoin on March 11
- Bubblemaps: Platform token BMT will launch on March 11
- SBI's crypto exchange SBI VC Trade will launch stablecoin "USDC" service on March 12
- Modular blockchain network Hemi will launch its mainnet on March 12
- Lombard Finance will launch its Bitcoin liquid staking token LBTC on the Sui blockchain on March 12
- Coinbase International will launch VVV, COOKIE, and BIO perpetual contracts on March 13
- Binance will stop supporting partial network deposits and withdrawals for CTXC, NULS, and UFT on March 14
- Babylon Foundation airdrop registration will close on March 15
- Circle: Linea will bridge USDC to native USDC upgrade, expected to suspend bridging of USDC.e on March 16
- EigenLayer: Second quarter airdrop claims are expected to close on March 16
March 10 (Monday)
Movement mainnet may launch on March 10
According to Movement's official X account, the official promotional video has been released, seemingly hinting that the Movement mainnet will launch on March 10.
PancakeSwap stated on the X platform that its simple staking product will go offline at 08:00 Beijing time on March 10, 2025. PancakeSwap claims this is part of its ongoing efforts to simplify products and focus on providing more sustainable and impactful products for the community. Users are advised to withdraw their funds before 08:00 on March 10, 2025.
March 11 (Tuesday)
U.S. Congressman Nick Begich tweeted: "It's time for America to become the first Bitcoin superpower."
Begich stated that he is collaborating with Wyoming Senator Cynthia Lummis (the proposer of the "Bitcoin Strategic Reserve Act" and chair of the Senate Banking Committee's Digital Assets Subcommittee) on a "major" Bitcoin-related plan, hinting that details will be announced next Tuesday.
Bubblemaps: Platform token BMT will launch on March 11
On-chain data visualization platform Bubblemaps announced that it will launch its platform token BMT on March 11.
March 12 (Wednesday)
SBI's crypto exchange SBI VC Trade will launch stablecoin "USDC" service on March 12
Japan's financial giant SBI Group's crypto exchange SBI VC Trade announced on March 4 that it has completed the registration as the first "electronic payment method and transaction practitioner" related to stablecoin trading in Japan. After obtaining approval, the company will start processing the stablecoin "USDC" issued by U.S. Circle on March 12.
However, this feature will currently be in a testing phase, with circulation limited to within the group. With this latest approval, SBI VC Trade now holds three licenses: cryptocurrency exchange business, Type I financial instruments business, and electronic payment tool transaction business.
Modular blockchain network Hemi will launch its mainnet on March 12
The modular blockchain network Hemi will officially launch its mainnet on March 12, 2025, aiming to unify Bitcoin and Ethereum into a super network.
According to Web3 asset data platform RootData, Hemi Labs completed a $15 million funding round last September, led by Binance Labs, Breyer Capital, and Big Brain Holdings.
Lombard Finance will launch its Bitcoin liquid staking token LBTC on the Sui blockchain on March 12
Lombard Finance announced that its Bitcoin-based liquid staking token LBTC will launch on the Sui blockchain, marking its first expansion to a non-Ethereum Virtual Machine (EVM) compatible chain. This expansion will extend LBTC beyond the current blockchains it uses, including Ethereum, Base, and BNB Chain, aiming to use Bitcoin as collateral for decentralized finance (DeFi) applications.
March 13 (Thursday)
Coinbase International will launch VVV, COOKIE, and BIO perpetual contracts on March 13
According to the official announcement, Coinbase will launch perpetual futures contracts for Venice Token (VVV), Cookie DAO (COOKIE), and Bio Protocol (BIO) on Coinbase International and Coinbase Advanced on March 13, 2025, at 17:30 (Beijing time) or later. The new trading pairs include VVV-PERP, COOKIE-PERP, and BIO-PERP.
March 14 (Friday)
Binance will stop supporting partial network deposits and withdrawals for CTXC, NULS, and UFT on March 14
Binance announced that it will stop supporting deposits and withdrawals for the following tokens through specified networks starting at 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 deposited through these networks will not be credited, which may result in asset loss. Users can still deposit and withdraw tokens through other networks supported by Binance.
March 15 (Saturday)
Babylon Foundation airdrop registration will close on March 15
Babylon Foundation announced the opening of the airdrop registration page, which will end on March 15. This airdrop is primarily aimed at the first phase of stakers, Pioneer Pass NFT holders, first-phase finality providers, and eligible GitHub repository contributors.
March 16 (Sunday)
Circle: Linea will bridge USDC to native USDC upgrade, expected to suspend bridging of USDC.e on March 16
Circle posted on the X platform that native USDC is about to land on Linea.
In the coming weeks, Circle will upgrade Linea's bridging USDC standard to implement natively issued USDC. Linea will soon support CCTP V2 after launching on the mainnet, enabling faster cross-chain settlement than finality.
EigenLayer: Second quarter airdrop claims are expected to close on March 16
The Eigen Foundation announced on the X platform that it has opened claims for the second quarter airdrop, which will last until March 16, 2025.
