Token Events

The Wildcard project held its token launch on March 27, with a market value reaching $1.1 million at one point, but it is now only $809,000, raising doubts about the project. Although the founder has a rich background, the project's progress has not met expectations, and multiple funding rounds have failed to revitalize the project. The low liquidity pool of the token reflects the impact of a lukewarm crypto market on gaming projects.

What to know: Direct RWA token exposure doesn't work. The economic value from tokenization accrues to curators and issuers, not governance tokenholders - Kamino's 80% deposit growth alongside a 16% token decline is the cleanest proof of this. The leverage problem is the most interesting

Retail investors are reportedly the largest cohort in Strategy’s high-yield, low-volatility “Stretch” shares, which have been used to buy more than $1 billion worth of Bitcoin this year.  Around 80% of the owners of Strategy’s “Stretch” perpetual preferred shares (STRC) are owned by retail, said St

Strategy founder Michael Saylor revealed that approximately 80% of the company's issued perpetual preferred stock STRC is held by retail investors, with an annualized return of about 11.5%. The product aims to serve as a low-volatility income tool, with plans to raise $42 billion. As demand for STRC grows, Strategy's Bitcoin allocation capacity is expected to increase.

GameStop revealed in its fiscal year 2025 annual report that out of the 4,710 bitcoins it holds, 4,709 are pledged to support a covered call strategy aimed at earning option premiums. This strategy changes its accounting classification, treating the bitcoins as accounts receivable rather than direct holdings, increasing liquidity but reducing market control. If the bitcoin price exceeds the strike price, the company must deliver bitcoins, presenting high risk.

Michael Saylor has transformed Strategy into the world's largest corporate Bitcoin holder, owning 762,000 BTC. At the Digital Asset Summit, he introduced the preferred stock product STRC, which offers low volatility and high returns, with an 11.5% yield and approximately 2% volatility. The goal is to attract institutional capital into Bitcoin and address the issue of insufficient allocation to crypto assets.

Michael Saylor introduced the concept of "digital credit" at the New York Digital Asset Summit, emphasizing its importance in the crypto industry. He presented the STRC preferred stock product, with an 11.5% yield and 2% volatility, calling it a highly attractive credit instrument. Meanwhile, institutional funds are flowing into Bitcoin through regulated channels, indicating a rising interest in digital assets.

Cardano shows mixed signals; while institutional interest grows with significant tokenization and clear regulatory recognition, ADA's price remains weak. Yet, early data from the USDCx rollout reveals promising activity, indicating steady growth in liquidity and DeFi engagement, suggesting that fundamental improvements may eventually reflect in the price.

Tokenless projects with genuine products and user bases have garnered over $2.7 billion from top VCs. The market reacts strongly when they issue tokens. Seven notable projects include Polymarket, MegaETH, KAST, Nansen, Chaos Labs, Gensyn, and Agora.

Gate News reports that on March 26, Strategy CEO Phong Le posted on X revealing the company's stock ownership structure. Data shows that approximately 40% of Strategy shares are held by retail investors, with retail ownership of STRC reaching about 80%. Phong Le stated that retail investors tend to prefer low-volatility, high-yield digital credit products, which are highly sought after in the current market environment.

Resolv Labs has updated the situation regarding illegal minting and the reduction of USR supply, with approximately 46 million USR tokens destroyed or blacklisted. The attacker’s associated wallet no longer holds transferable assets, and multiple measures have been taken to prevent further circulation.

Resolv Labs announced on March 26 that approximately 46 million out of the 80 million illegally minted USR tokens have been destroyed or blacklisted. The attackers' assets can no longer be transferred. Measures taken include token destruction and contract upgrades to reduce the illegal supply of USR.

BONK (BONK) reported a 2% increase on Wednesday, marking its third consecutive gain. The project introduced a daily $7,000 incentive program to boost new token launches and aims to revive the "bagworking" culture in the memecoin community. Despite recovery signs, long-term downward pressure remains.

The essay discusses the need for "Verifiable Privacy" in professional trading, highlighting Umbra's unique technical approach and performance-based tokenomics. It notes the privacy sector’s strong growth and upcoming catalysts for Umbra’s expansion.

Pi Network's price fell approximately 37% this week, failing to break through the key resistance level of $0.20. Supply-side pressure has increased, including large-scale token unlocks and rising exchange reserves, while weak demand is reflected in declining trading volume. In the short term, technical indicators lean bearish, with $0.17 as the key support level for bulls; a break below could lead to further downside toward $0.15. Overall market sentiment is influenced by geopolitical factors, and any rebound will require volume support.

Lithuanian e-money institution Newrails launched the MiCA-compliant euro stablecoin EURW on the Monad platform on March 26, backed by 1:1 euro reserves and freely redeemable, aiming to provide stablecoin infrastructure for Web3 and payments developers.

PRL (Perle Labs) recently surged 66.68% in price, now trading at $0.21, with a market cap of approximately $37.314 million. Perle Labs focuses on building AI infrastructure and has launched multiple positive initiatives, including listings on mainstream exchanges and token claims, to promote market liquidity and community engagement.

Gate News reports that on March 25, GMX DAO announced on the X platform that from March 18 to 24, it repurchased 18,500 GMX tokens for approximately $120,000, at an average price of around $6.49. Since launching the repurchase program on March 5, GMX DAO has cumulatively repurchased 48,280 GMX tokens with a total investment of approximately $320,000, at a comprehensive average price of around $6.63.

Gate News: On March 25, Resolv Foundation announced that due to recent security incidents involving Resolv Labs' stablecoin USR, both the protocol and applications have been suspended. Season 4 airdrop claiming functionality is temporarily unavailable, and staking and unstaking functions for RESOLV tokens are also temporarily unavailable. Once the protocol recovery plan is finalized and the application can be safely used again, the relevant functions will be restored.