Token Events

Balancer Labs, the team behind the decentralized finance protocol Balancer, is shutting down after mounting financial pressure and a $116 million hack in November, with executives proposing continuation of the protocol under a leaner, more cost-effective structure. “After careful consideration, I h

Pi Network has recently faced price declines, but technical indicators such as RSI approaching oversold levels and community sentiment remaining positive. Despite bullish signals, increased exchange reserves and upcoming token unlocks present bearish risks, with potential selling pressure likely to suppress prices. Market conditions require close monitoring.

On March 24, the Perle Foundation announced that the PRL token qualification registration window has closed and entered the claim phase. The total supply of PRL tokens is 10 billion, distributed among the community, ecosystem, investors, and team. Additionally, the official has opened airdrop registration, requiring users to connect their wallet and associate their social accounts.

Biotech company NovaBay announced a strategic transformation, rebranding itself as Stablecoin Development Corporation to venture into the digital asset field, with its stock price increasing by about 19%. The company changed its stock ticker from NBY to SDEV and holds approximately 2.06 billion SKY tokens. This transition was facilitated by $134 million in private equity financing.

Gate News reported that on March 23, MagicEden posted on the X platform stating that it will increase the core revenue allocation for ME token buybacks and staker dividends from the previous 15% to 30% in the third quarter.

NovaBay Pharmaceuticals announced on March 23 a rebranding to Stablecoin Development Corporation, with its ticker symbol changed to SDEV, redirecting its business focus toward cryptocurrency and stablecoin development. The company completed a private financing round of 134 million dollars, acquiring substantial SKY tokens and cash, with additional purchases made through secondary markets. As of March 16, the company held approximately 2.06 billion SKY tokens, valued at approximately 147 million dollars.

Strategy filed an 8-K with the SEC on March 23, announcing the addition of three new underwriting dealers and the launch of a new ATM offering program involving common stock and preferred stock. The company also adjusted the authorized shares for STRC and STRK, and terminated the original STRK preferred stock offering program.

Aster DEX has launched its Stage 6 strategic buyback program to help stabilize the $ASTER token amid ongoing market ups and downs. The program executes token repurchases from a dedicated strategic wallet Moreover, all transactions are fully on-chain and publicly visible, demonstrating Aster’s

Bernstein analysts point out that Circle's USDC partnership with a certain CEX is a direct play for investing in the stablecoin market. AI agent machine payments could bring incremental demand, but the scale remains small for now. USDC's supply and trading volume have reached all-time highs, with leading market share.

Gate News reports that on March 23, the Perle Foundation announced that the review of PRL token airdrop eligibility appeals is currently underway and has not yet been finalized. Successful appeal distributions are expected to be distributed after TGE. At the same time, the PRL airdrop registration channel will officially close on March 24 at 10:00 AM. Users who have not yet verified their eligibility can proceed to the official page to complete registration.

Pump.Fun (PUMP) has fallen about 17% since March 18, due to heavy selling pressure and ongoing net outflows from long-term holders. The money flow index indicates weak buying momentum, and the price may continue to decline. If it breaks below the $0.001780 support level, it could establish the next critical bottom. Analysts advise paying attention to support, resistance, and volume changes to evaluate price stability and potential buying opportunities.

Malaysia's Johor Regent Tunku Ismail Idris owns a diversified business empire spanning real estate, construction, healthcare, and cryptocurrency. His subsidiary launched the stablecoin RMJDT pegged to the ringgit, which is currently in the regulatory sandbox testing phase. The Johor royal family's assets are approximately 5.7 billion, primarily concentrated in Singapore real estate.

Gate News reports that on March 23rd, according to official announcements, Backpack has launched its token claim and staking interface. Regarding staking rules, users can unstake at any time within the first 7 days; after 7 days, unstaking will have a 7-day waiting period.

Pi Network's recent price has risen to $0.198, outperforming the broader crypto market, primarily driven by capital rotation and the launch of a new token platform developed through Protocol 20 upgrades. Analysts point out that PI's gains reflect fundamental improvements rather than passive market influences. Going forward, PI's price movement will be affected by altcoin season indices and market sentiment, with $0.20 serving as resistance and $0.19 as support.

Resolv Labs announces the enablement of redemption functionality for pre-attack USR, scheduled to launch on March 23rd, with affected users required to contact RDAL. This incident stemmed from a third-party attack, with underlying assets remaining uncompromised. The protocol is currently tracking illegally minted USR and recommends users suspend related transactions.

Bitcoin has continued to decline to around $67,950, with MicroStrategy founder Michael Saylor reiterating a buy-the-dip strategy. Huang Licheng's highly leveraged ETH position was completely liquidated, with losses exceeding $30.35 million. Fidelity has called on the US SEC to improve its regulatory framework for crypto assets. US stocks have broadly declined, and market sentiment remains cautious.

This week, multiple tokens will undergo significant unlocks, including H, JUP, XPL, and others. Among them, H will unlock 105.36 million tokens on March 25, while JUP and XPL will also experience notable unlocks, with varying trading values and circulating supply percentages.

RLUSD Supply Adjustments and Treasury Activity Ripple executed the latest burn through its treasury wallet, permanently removing nine million RLUSD tokens from circulation. Consequently, the move reduced the available supply and followed earlier large-scale burns during the same month. The action f

Gate News Report: On March 22, according to Onchain Lens monitoring, the World Coin team is suspected of conducting OTC transactions. The team received 35 million USDC from FalconX and a certain CEX, and subsequently transferred 117 million WLD tokens to OTC trading addresses. These tokens may also be provided for market maker usage.