Bitwise Files for Spot Ethereum ETF with the SEC | Cryptocurrency Trends

1. Mainstream Exchange Trends:

• Binance has completed the Stratis (STRAX) token swap and redenomination. Deposits and withdrawals for new STRAX tokens are now open.
• Binance will support the NFPrompt (NFP) contract swap. Withdrawals of old NFP tokens will be suspended at 09:00 (UTC) March 28, 2024. Binance will make a separate announcement after the event is completed to notify users when deposits and withdrawals of new NFP tokens will be opened.

2. Cryptocurrency Trends:

• On March 29, Bitwise filed a spot Ethereum ETF application with the U.S. Securities and Exchange Commission (SEC).
• According to the official announcement on March 29, the Wormhole airdrop will be available for claiming on April 3 at 11:30 AM (UTC).
• According to Reuters, SBF was sentenced to 25 years in prison in New York for defrauding billions of dollars.
• Parcl, a Solana-based real estate trading platform, has released its tokenomic details: 75 million PRCL tokens will be allocated to its early adopters while 1 million PRCL will be rewarded to Mad Labs holders.
• Circle has announced on social media that native USDC will soon be launched on the zkSync network.
• Prisma Finance fell victim to a hacking attack, resulting in around $9 million in losses.
• VSFG, a Hong Kong financial services company, files for a spot bitcoin exchange-traded fund (ETF) and plans to launch the ETF as early as May.
• Casey Rodarmor, founder of the Bitcoin NFT protocol Ordinals, released an introduction document for Runes, which allows Bitcoin transactions to etch, mint, and transfer Bitcoin-native digital goods.
• MerlinSwap, the Merlin ecosystem DEX, announced that its MP token IDO had ended with over 52,000 participating addresses and a total of 6,599 BTC raised. The BTC pool was oversubscribed by 512 times

3. Financing Trends:

• Midas, an RWA project, raises $8.75 million in seed round funding led by BlockTower, Framework, and HV Capital, with participation from Coinbase Ventures, Ledger, GSR, Hack VC, Axelar, FJ Labs, among others.
• FLock.io, a Web3 AI project, raises $6 million in seed round funding led by Lightspeed Faction and Tagus Capital, with participation from DCG, OKX Ventures, Volt Capital, among others.
• The 'intent-centric' Web3 operating protocol dappOS has completed a $15.3 million Series A funding round at a valuation of $300 million.

4. Regulatory Trends:

• On March 29, Bloomberg reported that the US and UK are reviewing more than $20 billion of cryptocurrency transactions that passed through a Russia-based virtual exchange. The payments in question went through Moscow-based crypto exchange Garantex using the dollar-pegged cryptocurrency Tether.