Crypto Morning Brief: edgeX to Launch TGE on March 31, SK Hynix Plans to Issue New Shares for US ADR Listing

Strategy increased its Bitcoin holdings again last week by 1,031 coins, currently holding a total of 762,099 coins.

Author: Deep Tide TechFlow

Yesterday Market Dynamics

Media reports suggest the U.S. aims to end the war by April 9, but Iran denies negotiations amid ongoing strikes

According to Israeli media Ynetglobal, after President Trump issued a statement, an Israeli official said Washington has set April 9 as the target date to end the war. The official indicated that talks between Iran and the U.S. are expected to take place later this week in Pakistan, and added that Washington has not yet informed Israel about contacts with Iranian Parliament Speaker Kalibaf. The official stated that setting the end date could allow Trump to visit Israel on Independence Day and receive the “Israel Award.” The official noted that Iran sometimes launches 12 to 15 missiles daily, while on other days the number drops to about 7. However, they also pointed out that Iran has difficulty launching large-scale salvos, partly due to compromised command and control systems. The U.S. has set April 9 as the target date to end the Iran conflict, but Tehran denies negotiations as strikes intensify.

Clarity Act latest draft: bans earning solely from holding stablecoins, permits earnings based on user activity

According to CoinDesk, the latest draft of the U.S. Senate’s Digital Asset Market Clarity Act has sparked discontent in the crypto industry regarding stablecoin earnings. Insiders say the language is too narrow and unclear.

Based on the latest revisions announced last Friday by Senators Angela Alsobrooks and Thom Tillis, the draft explicitly prohibits users from earning profits solely from holding stablecoin balances, and restricts any profit schemes that resemble bank deposit interest. The draft only allows earnings based on user activity, but the specific criteria for judgment remain unclear.

Crypto industry representatives attended a closed-door review on Capitol Hill this Monday, their first engagement with this draft. The banking sector previously insisted that stablecoin yields should not compete with interest-bearing bank deposits, arguing that such products could weaken banks’ lending capacity. This compromise was formed in that context.

edgeX to conduct TGE on March 31

Decentralized derivatives trading platform edgeX announced on X that it will conduct the EDGE token TGE and listing activities on March 31.

Aave V4 Ethereum Mainnet Activation Proposal (ARFC) passes Snapshot vote

According to the Aave governance forum, the Aave Labs-initiated proposal to activate Aave V4 on Ethereum mainnet has passed the Snapshot vote. V4 adopts a modular Hub-and-Spoke architecture, with Liquidity Hub managing shared liquidity, and Spoke defining independent lending environments supporting finer risk pricing and credit expansion. The initial deployment will establish three major liquidity hubs: Core Hub, Prime Hub, and Plus Hub, covering assets like wETH, wBTC, USDC, USDT, GHO, and others.

Deployment will start with conservative parameters prioritizing security, with subsequent adjustments to limits, asset expansion, and new Spoke configurations by DAO. V4’s security review took about 345 days, involving audits by Trail of Bits, Blackthorn, ChainSecurity, and public security competitions, with a security budget of $1.5 million. After launch, it will be deployed on the dedicated interface pro.aave.com, and a full risk parameter set will be submitted via AIP for official activation.

Balancer co-founder announces closure of Balancer Labs and shift to DAO structure

Balancer co-founder Fernando Martinelli announced the official shutdown of Balancer Labs (BLabs). He stated that BLabs, as a corporate entity, has become a burden to protocol development, and due to ongoing legal risks following the v2 vulnerability incident on November 3, 2025, along with a lack of sustainable revenue, the decision to close is inevitable.

Core team members of BLabs will be integrated into Balancer OpCo via governance votes, with proposals submitted by Marcus and Danko.

Fernando also emphasized that the protocol still has operational value and will not cease all activities. He expressed support for the current tokenomics restructuring plan, which includes: reducing BAL emissions to zero, shutting down veBAL mechanisms, allocating 100% of protocol fees to the DAO treasury, lowering v3 protocol split to 25% to attract organic liquidity, and providing buyback and exit channels for BAL holders.

SK Hynix plans to issue new shares and list ADRs in the U.S., aiming to raise 10 to 15 trillion KRW

According to Korea Economic Daily, SK Hynix plans to issue new shares and list ADRs (American Depositary Receipts) in the U.S., with a fundraising scale of about 2.4% of total shares. The proceeds will mainly expand high-bandwidth memory (HBM) production capacity and advance the Yongin semiconductor cluster to strengthen its leadership in the global AI semiconductor market. SK Group Chairman Choi Tae-yoon previously announced at NVIDIA GTC 2026 that the ADR listing plan is underway.

Strategy announces simultaneous launch of two ATM offerings totaling $21 billion each

According to official Strategy announcement, the company is launching two large-scale financing plans: a $21 billion STRC ATM offering and a $21 billion MSTR ATM offering, totaling up to $42 billion.

Strategy increased Bitcoin holdings again last week by 1,031 coins, now holding 762,099

According to Strategy’s official statement, the company recently added 1,031 Bitcoin, costing approximately $76.6 million, with an average price of about $74,326 per coin. As of March 22, 2026, Strategy’s total Bitcoin holdings amount to 762,099 coins, with a total cost basis of about $57.69 billion, and an average purchase price of approximately $75,694 per coin.

Bitmine increased ETH holdings by 65,341 last week, total ETH holdings now about 4.66 million

According to PRNewswire, Ethereum treasury company Bitmine Immersion Technologies disclosed that last week it added 65,341 ETH. Its current crypto holdings include 4,660,903 ETH, 196 BTC, equity in Eightco Holdings valued at $95 million, and shares in Beast Industries worth $200 million. Additionally, the total staked ETH amounts to 3,142,643 coins (at $2,072 per ETH, totaling $6.5 billion).

Early Kalshi employees raising prediction market VC fund, Kalshi and Polymarket CEO jointly endorse

According to Fortune, two early Kalshi employees, Adhi Rajaprabhakaran and Noah Zingler-Sternig, are raising up to $35 million for a new venture capital fund, 5c © Capital, focused on investing in prediction market startups. Kalshi CEO Tarek Mansour and Polymarket CEO Shayne Coplan have already invested, with other early supporters including Andreessen Horowitz co-founder Marc Andreessen, Ribbit Capital founder Micky Malka, and former Multicoin Capital managing partner Kyle Samani. The fund plans to invest about 20 companies over the next two years, with a first close within a month.

Digital asset management firm ParaFi completes $125 million new fund raise

According to Bloomberg, New York-based digital asset management firm ParaFi has completed a new venture fund raising of $125 million this month. KKR & Co. co-founder Henry Kravis is among the investors.

ParaFi also disclosed that since early 2025, it has raised an additional $325 million for its existing digital asset investment strategies. With this fundraising, ParaFi’s total assets under management are approximately $2 billion.

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