Token Events

Gate News: On March 17, tokenization platform Theo announced the launch of thUSD, a yield-bearing stablecoin backed by gold, and opened a liquidity pool with a maximum capacity of $100 million. The stablecoin is backed by thGOLD, its issued gold token, and generates yield through a cash and carry arbitrage strategy that holds spot gold exposure while shorting gold futures. Previously, Theo raised $15.5 million in funding led by Hack VC and Anthos Capital.

Gate News, on March 17, the Based Foundation announced on the X platform that it plans to conduct a BASED token TGE (Token Generation Event) on March 30.

On March 17th, PolyBeats detected that a new address on Polymarket invested $38,700 to buy the option "Extended's FDV exceeds $300 million on its first day of listing," with a current probability of 36%. Extended is a non-custodial perpetual futures exchange based on Starknet, with core mechanisms including unified margin and multi-asset collateral. It previously raised $6.5 million in funding in April 2024.

Gate News reports that on March 17, Folks Finance announced that the first quarter FLOKS token unlock period has ended. Users who have not yet claimed their tokens must complete the claim process before March 31 at 22:00. Any tokens not claimed by the deadline will be permanently forfeited.

Pi Network, launched in 2019, introduced a mobile-first approach to cryptocurrency mining by allowing users to mine Pi Coin directly from their smartphones without requiring high computational power. The project reached a major milestone with the launch of its open mainnet in early 2025. This is en

Matrixdock launched the institutional-grade silver token XAGm on March 17, introducing physical silver into on-chain finance. The token is backed by silver bars that meet LBMA standards and utilizes Matrixdock's FRS issuance framework, ensuring a verifiable relationship between on-chain tokens and underlying assets, with initial deployment on the Ethereum network. This marks a further expansion of the on-chain precious metal reserve asset system.

On March 17, PolyBeats detected that a new address on Polymarket invested $22,800 betting on "Backpack's FDV exceeds $300 million on its first day of listing," with the current probability at 71%. Backpack originated from a self-custodial wallet and expanded into an Exchange providing trading services. The TGE is scheduled for March 23, at which time 25% of the total token supply will be released.

The decentralized finance project World Liberty Financial (WLFI) passed a vote with 99% approval on March 14, introducing a three-tier investor privilege framework. Under this framework, "super nodes" are required to lock 50 million WLFI tokens (approximately $5.3 million) for at least 180 days to gain opportunities to discuss matters with WLFI executives. The project has received support from the Trump family but has sparked controversy due to the connection between investments and politics, particularly triggering investigations regarding investments from the UAE royal family.

Neutron has announced a shift to long-term maintenance mode, banning new deposits and planning to deactivate the DEX. dNTRN can be exchanged for NTRN. The token supply will be adjusted dynamically. Hadron Labs will transition to community support after June 30th. The team made this decision due to worsening market conditions and a lack of strategic direction.

Gate News reported that on March 17, Pump.fun's ecosystem account disclosed on the X platform that over the past 7 days, Pump.fun repurchased PUMP tokens worth 8.52 million dollars, with cumulative repurchases reaching 328 million dollars, offsetting 29.52% of the total circulating supply.

Pi Network (PI) token closed at $0.1955 on Monday after declining for four consecutive trading days. Last week, Pi developers launched on-chain smart contracts through a v20 node upgrade and announced plans for a second mainnet migration. From a technical perspective, the PI price is currently stable near the 50-day EMA and the 61.8% Fibonacci retracement level, a position that has historically been associated with technical rebounds.

NFT trading marketplace OpenSea has announced a delay to its SEA token issuance originally scheduled for March 30, introducing transaction fee rebates and 60 days of free trading promotions to maintain user engagement. CEO Devin Finzer stated that the delay is due to unfavorable market conditions, with the platform aiming to ensure adequate preparation for the token launch.

Bitcoin has recently risen to approximately $75,850 due to eased market concerns about the Strait of Hormuz. OpenSea announced a delay in SEA token issuance with no new date set. BitMine increased holdings by 60,999 ETH, bringing total holdings to 4.596 million ETH, and plans to launch staking infrastructure. U.S. stocks rose on the back of declining oil prices. Market sentiment among short-term investors remains cautious, with views that a reversal has not yet arrived.

Gate News reports that on March 17, stablecoin project USD.AI announced on the X platform that CHIP token allocations from the ICO and airdrop are now available for inquiry. Users can view their specific allocations in the USD.AI application. Additionally, USD.AI stated that users wishing to apply for ICO refunds can submit applications through the CoinList platform. It is important to note that once a refund is requested, users will forfeit all allocated CHIP tokens, and this action is irreversible.

A certain NFT trading platform announced a delay in its SEA token issuance plan. CEO Devin Finzer stated that the token generation event originally scheduled for Q1 2026 will be postponed, with specific dates to be announced later. The delay is due to challenging cryptocurrency market conditions, with the team aiming to ensure all preparations are fully in place before launching the issuance.

Renowned investor Stanley Druckenmiller recently stated that stablecoins will become the core of the global payment system in the future, predicting that they will dominate financial markets within 10 to 15 years. The stablecoin market cap has surpassed $315 billion, demonstrating accelerated institutional adoption. Following the passage of the U.S. "GENIUS Act," which provides a regulatory framework for stablecoins, they are advancing toward mainstream financial infrastructure, while Hong Kong is also preparing to issue licenses. Druckenmiller remains cautious about the overall cryptocurrency market but believes stablecoins have practical use value.

The cryptocurrency market is set to experience a significant influx of over $438 million in new tokens during the third week of March 2025, with major projects like LayerZero (ZRO), Lombard (BARD), and River (RIVER) leading crucial token unlocks that may cause notable market volatility.

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