March 2025 Major Events in the Crypto World

(Ordered by date, highlighting key impact areas)

I. Policy and Regulatory Events

1. March 2: Trump Announces U.S. Cryptocurrency Reserve Plan

Announces the inclusion of BTC, ETH, SOL, XRP, ADA into the national strategic reserves, leading to a market surge in a single day (SOL +22%, XRP +33%, ADA +60%). The policy is seen as a reversal of Biden's regulatory stance, accelerating institutional investments.

2. March 7: White House's First Cryptocurrency Summit

Three main highlights: Clarified regulatory framework, potential for zero tax policy on cryptocurrencies, expectations for reserve currency expansion (such as DOGE, BNB, etc.).

3. March 10: Voting on U.S. Stablecoin Act (GENIUS Act)

May establish standards for stablecoin issuance, affecting the compliance processes of USDT, USDC, etc.

4. March 14: Expiration of Federal Government Temporary Spending Bill

If not extended, it may trigger market risk-averse sentiment, benefiting BTC and other assets with 'digital gold' properties.

II. Market and Project Dynamics

1. March 1-3: FTX Bankruptcy Auction Unlocks SOL Assets

Approximately $2 billion worth of SOL enters the market, with institutions like Galaxy Trading realizing over $2.9 billion in profit, potentially putting short-term pressure on SOL prices.

2. March 3: Key Milestones for Multiple Tokens

Deadline for Bitwise 10 Crypto Index ETF approval, HENLO Token Generation Event (TGE), ENA unlocks $914 million (accounting for 66.19% of circulation).

3. March 5: ETH Sepolia Testnet Upgrade (Petra)

Paving the way for Ethereum mainnet upgrades, focusing on Layer2 performance optimization.

4. March 12: U.S. CPI Data Released

If inflation exceeds expectations, it may affect the Fed's interest rate cut pace, indirectly impacting the crypto market.

5. March 23: Grayscale SOL Spot ETF Second Deadline

Following the SOL ETF approvals from firms like VanEck on March 11, the market is watching whether Grayscale can break through.

III. Technical and Ecological Progress

1. March 5: MegaETH Public Testnet Launch

High-performance Layer2 project, competing with Solana, focusing on TPS performance and ecological collaborations.

2. March 7: Swellchain Upgrade

Layer2 upgrade of the liquid staking protocol Swell, potentially enhancing staking yields.

3. March 14: BNB Chain Pascal Hard Fork

Optimizes transaction speed and cross-chain compatibility, benefiting BNB ecological projects.

4. March 23: End of ENA Third Quarter

Focusing on the yield strategy adjustments and tokenomics changes of the synthetic dollar protocol Ethena.