SoSo Daily Mar 29 | Terraform Labs will open a claims portal for crypto creditors.

After reviewing the overall crypto market situation, let's shift our focus to the top 5 token gainers of the day:
As of 03:00 Hong Kong time, according to sosovalue, the top five gainers are:
Top 1 gainer is NEIRO. As of 03:00 today, its market cap is 98.78K, with a coin price of 0.000098783 USD, witnessing a 24-hour increase of 700%.
The second is XPET. As of 03:00 today, its coin price is 0.029000 USD, with a 24-hour increase of 68.9%.
The third is PET. As of 03:00 today, its coin price is 0.015770 USD, showing a 24-hour increase of 53.7%.
In fourth place is KILT. As of 03:00 today, its coin price is 0.056500 USD, with a 24-hour rise of 43.4%.
In fifth place is BERRY. As of 03:00 today, its coin price is 0.00020000 USD, increasing by 43.3% over the last 24 hours.




Let's go through the Crypto news worth paying attention today according to sosovalue:
The first is:Terraform Labs will open a cryptocurrency creditor claims portal on March 31 to address bankruptcy matters. The company filed for Chapter 11 bankruptcy protection in January 2024 after its $40 billion ecosystem collapsed in 2022. Eligible creditors must register on the "Cryptocurrency Loss Claims Portal" by April 30, 2025, and claims submitted after the deadline will not be accepted. Creditors are required to provide proof of ownership of cryptocurrency assets, including wallet addresses and read-only API keys from centralized exchanges. Terraform will also consider transaction records and account statements as "manual evidence," but claims supported by these documents may take longer to review. According to the restructuring plan, Terraform may repay creditors between $185 million and $442 million.
Next news:Nasdaq has submitted Form 19b-4 to the U.S. Securities and Exchange Commission (SEC) to list and trade the Grayscale proposed Avalanche ETF. This application is part of the ETF proposal, which, if approved, will convert Grayscale's existing Avalanche trust into a spot ETF. The trust's assets consist solely of the native token AVAX from the Avalanche network, with Coinbase serving as the custodian and BNY Mellon as the management and transfer agent. This move follows VanEck's submission of an S-1 registration statement and aims to become the first spot Avalanche ETF. Since Trump's re-election, there has been a surge of new cryptocurrency ETF applications in the U.S. The SEC has taken a different stance under the new administration and established a new cryptocurrency working group.
Next news:Dominari Holdings has announced a new corporate Bitcoin strategy, investing $2 million in BlackRock's iShares Bitcoin Trust ETF. The company plans to use excess cash and earnings to expand its Bitcoin treasury, aligning with its strategy to invest in emerging technologies. This move was revealed alongside their fourth-quarter earnings, projecting a $19 million revenue for 2024. The announcement follows a trend of companies adopting Bitcoin strategies, with others like Metaplanet and GameStop also making significant Bitcoin investments. Despite the strategic move, Dominari's shares fell by 8.2%, trading at $4.80, with a market cap of $70.4 million.
Next news:The U.S. released the core PCE price index in February at an annual rate of 2.8%, the highest since December 2024, and the expected rate was 2.7%. The U.S. core PCE price index in February recorded a monthly rate of 0.4%, the highest since January 2024, higher than the market expectation of 0.3%.
Next news:

Binance is just an infrastructure, a stage built for project teams and investors where they might win together or lose together.

Editor’s Note: Recently, Binance's two founders, CZ and He Yi, have been frequently interacting on social media, driving the Meme trend within the BSC ecosystem. On the evening of March 28th at 8 PM, He Yi published "MeMe Learning Notes" at Binance Square. Odaily Planet Daily promptly reprinted it, as follows:

1. Subculture: The intermediate expression from the margins to the stage is a commonality of humanity. A good MEME can transcend cultural maps, bringing a smile of understanding. When the collective self-identity, emotions, and subjective intentions of the public overlap, unique values, semantics, and forms of expression arise, such as the Zang Ai family from the QQ era, the social shake from the mobile video era, or the Sanhe Master on the margins of the post-industrial era, which all contribute to a unique subculture. I did not grow up in Western culture, but I believe every culture has certain groups with which you can resonate deeply. Therefore, the subculture I mentioned earlier is very niche and outdated; it is not a good MEME expression, but it appears in history in some extreme forms, vividly and refreshingly. Essentially, no particular circle is truly superior; the hippies attending meditation classes are not necessarily more refined than those enjoying storytelling sessions. A love for reincarnation and Star Wars does not confer a greater aesthetic than that of the gangsters; the more niche the aesthetic, the more it lacks commonality. Moreover, our generation spans the agricultural revolution, the industrial revolution, and the information revolution, colliding head-on with AI; chaos is the norm, all authority is dissolved, and every idol is just that. MEME is a silent thunder, an extreme expression of the crowd, a challenge from subculture to mainstream culture. Therefore, photo editing and issuing coins are also part of the deconstruction. Thus, I feel I am not yet worthy to be at the center of MEME. Similarly, chasing trending topics on Twitter, whether in CZ's or my replies, is not the optimal path to discovering or creating MEMEs; MEME is in your heart.

2. Who can surpass Doge? There is only one Doge. During the first Bitcoin bull market in 2013, among countless projects trying to clone Bitcoin, they both mocked Bitcoin and self-mocked, with a playful and passionate spirit. The developers abandoned the project, but the community had its own vitality, significantly contributing to the history of crypto culture. Jiang Tao from the Chinese crypto circle spread Dogecoin worldwide, carving out a unique path in the crypto space: "Preaching for the industry, rewarding first." Back then, BBS comments would say: "I see you are a nice person, here’s 10,000 Dogecoins for you," leaving the recipients in a state of confusion about how much 10,000 Doge was worth without a calculator. Throughout the development of the crypto industry, every community has its own "Jiang Tao," and later on, Elon’s fondness for Doge brought subculture into the mainstream. Today, Doge is no longer just a dog. MEME is about the attention economy, but it is not just about attention; if everything seems like a trending topic on Twitter, then it is destined to be fleeting. Great MEMEs do not come from celebrities making clever remarks; that is not enough to create a MEME. It is worshiping the powerful (whether politicians or entrepreneurs), which is not cool enough. On the other hand, those who oppose merely for the sake of opposing often have a face displaying extreme right-wing views. Those who shout for decentralization are often highly centralized themselves, so maintain critical thinking and seek the truth. Imagine someone in your group telling you to buy into a trending topic; of course, that topic will cool down by tomorrow. If this attention can become a product, a belief, a religion, then it is possible to see the next Doge, or even surpass Doge. Who says it’s impossible? Anything is possible.

3. Is long-termism outdated? I do not trade, but I hold long-term because I adhere to the logic of value investing. I also practice long-termism in business, creating a clock or a garden. Binance is just an infrastructure, a stage built for project teams and investors where they might win together or lose together. This depends on ability, will, and judgment; top entrepreneurs are already few and far between. Long-termism requires DYOR (Do Your Own Research) and knowing when to take profits. It is not that long-termism has become outdated; could it be that you have chosen the wrong long-termism target? When the wind blows towards blockchain, investors throw money at projects, and how many entrepreneurs can say their projects are worth 100 million, 1 billion, or even 100 billion? Everything can issue tokens; prices and values may deviate, but over time, they will converge. The market size in 2017 was not as large as it is now, and the capital scale during the DeFi summer in 2021 was also not as significant as now. Yet we see more outstanding entrepreneurs entering the Web3 industry, the industry scale is growing, but confidence is decreasing. Many users ask why project valuations cannot return to the ICO era; we can never go back to the past, but we are trying. We are attempting to let users vote on token listings and delistings, to have Web3 wallets do IDOs. Project teams can choose low-threshold, low-market-cap issuances, allowing real users to profit, which is much better than spending money to fake data and deceive oneself. Whether it is MEME, AI, gaming, DeFi, socializing, or RWA (Real World Assets), let a hundred flowers bloom. May we still have beer in our cups after each round of bubbles burst. Fortunately, history always repeats itself; the grand claims of predecessors about technology changing the world will be realized one by one by those who follow. I hear many serious projects are losing their resolve; hey, friends, there will always be new trends, but the world belongs to a very few people who push forward. Rather than chasing trends, it’s better to become a trend yourself.

4. Investment advice that friends often ask I hold all my assets in cryptocurrencies, and my long-term holding style may not be suitable for most people, but there is one point to consider: earn money with certainty. 1. Earn cyclical money, which means having a judgment on economic cycles and bull-bear markets; selling in bull markets and buying in bear markets is basic operation; 2. Any category of assets follows the principle of head assets; 3. It is advised to allocate at least 20% of your assets to cryptocurrencies. Land is the asset of agricultural civilization, minerals are the hard currency of the industrial era, and the head assets of the information age are stocks of leading internet companies and cryptocurrencies with siphoning effects; 4. Some friends say that fundamentally good coins do not fluctuate enough; if you do not use leverage or trade some high-risk tokens without opportunities, then it is advised not to exceed 10% of your disposable assets; 5. Most of these principles are actually understood by everyone, and I do not need to elaborate, but implementing them is very difficult, just like losing weight.I wish everyone knows and does it.
Next news:Former President Donald Trump granted clemency to the three co-founders of the BitMEX cryptocurrency exchange, including Arthur Hayes. Previously, these founders were charged with multiple federal crimes related to money laundering and failure to regulate the exchange. BitMEX was fined $100 million for violating anti-money laundering regulations and admitted to breaching the Bank Secrecy Act.
Next news:The Federal Deposit Insurance Corporation (FDIC) changed its stance on digital assets under the Trump administration, allowing financial institutions to engage in cryptocurrency activities without prior notification. FDIC acting chairman Travis Hill stated that this marks a new approach for the FDIC, permitting banks to participate in crypto and blockchain-related activities as long as they meet safety and soundness standards. Previously, the FDIC had warned that crypto activities could pose risks to the U.S. banking system and required institutions to report their crypto activities. This move has been welcomed by the crypto industry as a significant victory over previous policies.
Next news:

According to Wu, UniSat Wallet announced that it will stop supporting the Atomicals protocol after updating the extended wallet to version 1.6.0 at 02:00 (EST) on April 4, 2025. UniSat reminds users to transfer Atomicals assets to a compatible wallet before the update, otherwise, the related assets will not be viewable in UniSat Wallet after the update.

Next news:New York Attorney General and Galaxy Digital Reach $200 Million Settlement Over LUNA Lawsuit. Galaxy Digital was accused of violating regulations while promoting the collapsed cryptocurrency TerraLuna by failing to disclose its exit strategy. The company sold millions of tokens without informing investors, leading to a significant price surge of LUNA followed by its eventual collapse. The settlement agreement states that Galaxy Digital's actions violated New York law. LUNA was a core component of the Terra ecosystem, which, along with its sister token TerraUSD, collapsed in May 2022, resulting in massive economic losses.
Next news:

Okay that's all for today. Thank you for tuning in, and we hope you found it helpful. Visit sosovalue.com, our one-stop financial research platform for crypto investors, to stay abreast of the latest market trends and key information. Until next time, goodbye.