Weekly Preview | FTX to Distribute $2.2 Billion to Creditors Starting March 31; US ​​Non-Farm Payroll Data Explodes

Breaking News Preview:

• Polymarket will expand its fee structure on March 30, no longer limiting itself to cryptocurrencies and sports.
• FTX announced that it will launch its fourth round of allocations on March 31, amounting to approximately $2.2 billion;
• The token $EDGE of edgeX, a perpetual contract exchange incubated by Amber Group, will be listed on March 31.
• At 20:30 on Friday, the US will release its March unemployment rate and March seasonally adjusted non-farm payrolls.
• Sui (SUI) will unlock approximately 42.94 million tokens at 8:00 AM Beijing time on April 1st, representing approximately 1.10% of the circulating supply, with a value of approximately $37.2 million.
• Former Fox Business reporter Eleanor Terrett says the draft of the Clarity Act is expected to be released next week.

March 30

Exchange:

Upbit will delist Nomina (NOM) on March 30th, but will retain a 30-day withdrawal channel.

South Korean cryptocurrency exchange Upbit announced that it will terminate trading support for Nomina (NOM) on the NOM/KRW, NOM/BTC, and NOM/USDT trading pairs at 15:00 KST on March 30, 2026. Upbit stated that based on its assessment as a "model case for virtual asset trading support," NOM has several deficiencies in areas such as disclosure of important matters, transparency of governance procedures, substantive business operations, and sustainability, which may potentially harm users. Upbit had already listed NOM as a trading caution item on February 12th. After review, the issues remained unresolved, and Upbit decided to delist it in accordance with its digital asset trading support termination policy. NOM withdrawals are still possible within 30 days after delisting, up to April 30, 2026. Withdrawals after this period will face technical delays.

Binance Leverage will delist UTK on March 30.

Binance Leverage will remove UTK cross margin leveraged assets and delist UTK cross and isolated margin leveraged trading pairs on March 30, 2026 at 14:00 (UTC+8).

• Full margin leveraged trading pair: UTK/USDT;
• Isolated margin trading pair: UTK/USDT.

Binance Alpha will list R2 Protocol (R2) on March 30th.

Binance Alpha will list R2 Protocol (R2) on March 30th. Eligible users can claim an airdrop using Binance Alpha Points on the Alpha event page after trading opens on Alpha. Further details will be announced later.

Binance Alpha will list Based (BASED) on March 30th.

Binance Alpha will launch Based (BASED) on March 30th. Eligible users can claim airdrops using Binance Alpha Points on the Alpha event page after trading opens on Alpha. Further details will be announced separately.

The Based Foundation announced that the Based community token $BASED will undergo a TGE (token generation event) on March 30.

Project Updates:

Polymarket will expand its fee structure on March 30, no longer limiting itself to cryptocurrency and sports.

Prediction market platform Polymarket will expand its fee structure starting March 30th to cover areas such as finance, politics, economics, culture, weather, and technology, extending beyond cryptocurrencies and sports. The new fee structure will employ variable rates.

Starting March 30, the European Central Bank will accept assets based on distributed ledger technology as eligible collateral for the Eurosystem.

Starting March 30, the European Central Bank (ECB) will accept tradable assets issued using distributed ledger technology (DLT) at the Central Securities Depository (CSD) as eligible collateral for Eurosystem lending operations. These assets must meet Eurosystem collateral eligibility criteria and regulatory requirements, including settlement within a securities clearing system that complies with CSD regulations and is connected to TARGET2-Securities (T2S). The program will be implemented in phases, taking into account market developments and the evolution of relevant laws and regulations such as MiCAR and the DLT pilot mechanism. This move aims to encourage innovation and promote the integration of European capital markets.

BNP Paribas expands its crypto asset product line, launching six crypto asset ETNs including Bitcoin and Ethereum, which will be available for subscription on March 30.

BNP Paribas has officially announced the launch of six cryptocurrency-related ETNs (Exchange Traded Notes), providing investors with an indirect channel to allocate assets such as Bitcoin and Ethereum without the need for direct holding of crypto assets. These products are based on the performance of crypto assets, issued by several well-known asset management institutions, and comply with the MiFID II regulatory framework to enhance investor protection. These ETNs will be open for subscription to individual clients, business clients, and private banking clients in France starting March 30, 2026, with plans to gradually expand to a wider wealth management client base.

Token unlocking:

Zora (ZORA) will unlock approximately 167 million tokens at 8:00 AM Beijing time on March 30th, representing about 3.70% of the circulating supply, with a value of approximately $2.5 million.

Kamino (KMNO) will unlock approximately 229 million tokens at 8 PM Beijing time on March 30th, representing about 3.37% of the circulating supply, worth approximately $4 million.

March 31

Exchange:

FTX will distribute an additional $2.2 billion to creditors starting March 31.

FTX announced that it will launch its fourth distribution, amounting to approximately $2.2 billion, on March 31, to facilitated and non-facilitated claim holders who have fulfilled the relevant requirements. Eligible creditors will receive funds from their chosen distribution servicer within one to three business days of the distribution's launch. FTX also set April 30 as the recording date for preferred stock holders, with corresponding payments to be made on May 29. FTX reminds customers to be wary of phishing emails and fraudulent websites impersonating official portals.

Bithumb will hold its regular shareholders' meeting on March 31, and the board of directors is inclined to promote the current CEO's re-election.

Industry insiders say that despite previous heavy penalties from regulators, Bithumb's board is inclined to support the re-election of current CEO Lee Jae-won. Bithumb will hold its regular shareholders' meeting on March 31, at which time it will vote on a proposal to extend Lee Jae-won's term. Lee Jae-won's current term expires this month; if approved, he will receive a new two-year term. Reports indicate that Bithumb's decision to retain its existing leadership rather than undergo restructuring is seen as an effort to maintain operational continuity and organizational stability while addressing current challenges.

Project Updates:

EdgeX confirms that the $EDGE token will be listed on March 31st.

edgeX has announced that the token generation event (TGE) for its platform token $EDGE and its listing date are set for March 31st. edgeX is an order book-based perpetual contract exchange incubated by Amber Group.

The first quarter FLOKS token unlocking period has ended. Those who have not yet claimed their tokens must do so before March 31st.

Folks Finance tweeted that the first quarter FLOKS token unlocking period has ended, and those who have not yet claimed their tokens must do so before 22:00 on March 31, otherwise they will be permanently forfeited.

The deBridge cross-chain service on Zilliqa will terminate on March 31st. Users will need to complete the USDC migration.

Zilliqa has issued a reminder that its deBridge cross-chain bridge service will be officially terminated on March 31, 2026. Users must complete USDC cross-chain operations before this date. Zilliqa previously announced on March 6 that it would introduce zUSDC through its self-developed XBridge, migrating USDC liquidity to Zilliqa's self-operated infrastructure to improve stability and maintain stablecoin liquidity within the ecosystem. The deBridge decommissioning is a supporting measure for this infrastructure upgrade.

21shares will distribute staking rewards to TETH and TSOL investors on March 31.

Crypto ETF issuer 21shares will distribute staking rewards earned from its Ethereum ETF (TETH) and Solana ETF (TSOL). $0.012530 will be distributed per TETH share, and $0.016962 per TSOL share. The ex-dividend/record date for this distribution is March 30, 2026, and the payment date is March 31, 2026.

Token unlocking:

Optimism (OP) will unlock approximately 31.34 million tokens at 8:00 AM Beijing time on March 31st, representing about 1.55% of the circulating supply, with a value of approximately $3.2 million.

April 1

Macroeconomics:

At 21:05 on Wednesday, April 1st, St. Louis Fed President Musaleem will speak on the US economy and monetary policy; at 21:45, the final reading of the US March S&P Global Manufacturing PMI will be released; at 23:00, Dallas Fed President Logan, a 2026 FOMC voting member, will speak.

Exchange:

Binance will delist spot and futures trading of cryptocurrencies such as A2Z and FORTH on April 1st.

Binance will delist all spot trading pairs for A2Z, FORTH, HOOK, IDEX, LRC, NTRN, RDNT, and SXP starting at 11:00 AM (UTC+8) on April 1st, and will also discontinue related Trading Bots services. Contracts for the aforementioned tokens will be automatically settled and delisted at 9:00 AM (UTC) on March 24th. Margin, Simple Earn, Dual Investment, Mining Pool, Loan, Convert, Buy & Sell, Gift Card, and Binance Pay services will be phased out according to their respective schedules. Deposits of these tokens will cease after 3:00 AM (UTC) on April 2nd, and withdrawals will be supported until 3:00 AM (UTC) on June 1st. After that, the tokens may be converted to stablecoins, but this is not guaranteed.

Project Updates:

BGD Labs, a core contributor to Aave, will cease participation in the Aave DAO after April 1st.

BGD Labs, a core technology contributor to the Aave protocol, announced that it will cease its participation in the Aave DAO after the current service partnership ends on April 1st, concluding nearly four years of development and infrastructure work on the lending platform. It stated that the early notification to the community was to ensure a smooth transition, and noted that it will continue to fulfill its existing responsibilities, including work on Aave v3, Umbrella, chain expansion, asset listings, and security, until the contract expires. BGD Labs also stated that it plans to release documentation and maintenance guidelines to help other contributors take over its project.

BGD Labs stated that its withdrawal reflects a broader shift in the Aave organizational and governance environment, particularly as Aave Labs, the startup that initially built the protocol, moves to play a more central role in the development of Aave v4 and other initiatives. Aave Labs recently proposed allocating 100% of the protocol's revenue directly to the DAO treasury while also applying for funding to support its development efforts.

Token unlocking:

Sui (SUI) will unlock approximately 42.94 million tokens at 8:00 AM Beijing time on April 1st, representing approximately 1.10% of the circulating supply, with a value of approximately $37.2 million.

EigenCloud (EIGEN) will unlock approximately 36.82 million tokens at 12:00 PM Beijing time on April 1st, representing approximately 7.54% of the circulating supply, with a value of approximately $6.3 million.

ZetaChain (ZETA) will unlock approximately 44.26 million tokens at 8:00 AM Beijing time on April 1st, representing about 3.37% of the circulating supply, with a value of approximately $2.2 million.

April 2

Token unlocking:

Ethena (ENA) will unlock approximately 40.63 million tokens at 8:00 AM Beijing time on April 2nd, representing approximately 0.52% of the circulating supply, with a value of approximately $3.7 million.

April 3

Macroeconomics:

At 20:30 on Friday, April 3, the US March unemployment rate, US March seasonally adjusted non-farm payrolls, US March average hourly earnings year-on-year rate, and US March average hourly earnings month-on-month rate will be released; at 21:45, the final reading of the US March S&P Global Services PMI will be released.

Policy and regulation:

US Senator Warren sent a letter to MrBeast, requesting that it disclose its encryption business plans targeting teenagers by April 3.

On March 23, Senator Elizabeth Warren, the ranking Democrat on the Senate Banking Committee, sent a letter to Beast Industries, the subsidiary of popular YouTube creator MrBeast, requesting that MrBeast and Beast Industries CEO Jeff Housenbold respond by April 3 regarding their crypto-related plans targeting teenagers. The letter requested clarification on whether Step plans would allow users to invest in crypto assets or NFTs, how Step products would be promoted, and how user funds would be secured. Previously, Beast Industries announced its acquisition of Step, a mobile banking app targeting young people, to expand its presence in the financial services sector.

April 4

None available

April 5

Token unlocking:

Opinion (OPN) will unlock approximately 32.09 million tokens at 8 PM Beijing time on April 5th, representing approximately 13.91% of the circulating supply, with a value of approximately $6.1 million.

Time to be determined

Policy and regulation:

Eleanor Terrett: The draft of the Clarity Act is expected to be released next week.

Former Fox News reporter Eleanor Terrett said an aide to U.S. Senator Thom Tillis revealed that the draft Clarity Act is expected to be released next week, including stablecoin yield/reward terms, while negotiations with stakeholders are still ongoing.

Project Updates:

Musk: Grok Imagine will have a major announcement next week.

Musk announced a major release for Grok Imagine next week. Grok Imagine is reportedly a video generation tool built by xAI around the Grok chatbot.

X Platform Product Manager: Grok's full algorithmic functionality will be available next week.

Nikita Bier, product manager for the X platform, stated that Grok's full algorithmic capabilities will be available next week, marking the most significant change to the X platform to date.