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According to official news, the social protocol The Arena (formerly Stars Arena) March Madness event has started and will provide more than 2 times the operating behavior (including purchase volume, portfolio value, recommended purchase volume) before the release of V2 and ARENA tokens. The first batch of reward points has been distributed, and the ARENA token airdrop will start after the 3-week March Madness event. An official reminder, it is currently airdrop points only, so please do not interact with or click on any links with any ARENA tokens you may find in your wallet. Previously, The Arena disclosed that a total of 37,120,167 points have been airdropped to more than 100,000 users. Each point will receive 60 ARENA tokens. Only 10% of all airdrop tokens will be distributed in the initial stage, and the remaining 90% is expected to be distributed in Distributed next year.

1. MicroStrategy has increased its holdings of approximately 9,245 Bitcoins, and its holdings have exceeded 1% of the total supply of Bitcoin; 2. The U.S. SEC postpones its decision on Hashdex and ARK 21Shares Ethereum spot ETF applications; 3. SBF: A 50-year sentence is only suitable for supervillains; 4. Genesis agreed to pay a $21 million fine and reach a settlement with the SEC; 5. Genesis requests the court to approve the settlement agreement, and Gemini Earn users may receive US$2 billion in assets; 6. Grayscale submitted a statement to the SEC about adding staking functionality to the proposed Ethereum spot ETF; 7. Solana co-founder Anatoly Yakovenko called for a stop to allocating money to pre-sale projects; 8. Founder of Whales Market: Refunds for the over-raised portion will be started soon, and the remaining funds will be transferred to Binance to be exchanged for stable coins; 9. Meme Project LADYS: Milady Wif Hat pre-sale refund has been initiated and SOL will be sent to the original wallet; 10. Acala: will provide LDOT and DOT additional financial compensation to users damaged by the Starlay protocol attack; 11. Immutable, King River Capital and Polygon Labs set up $100 million Web3 gaming fund; 12. Stellar Development Foundation will invest $100 million to support its Soroban smart contract platform; 13. MANTRA completed a new round of financing of US$11 million, led by Shorooq Partners; 14. Social protocol The Arena announced the launch of the ARENA token and will launch an airdrop; 15. Bloomberg Analyst: Ethereum spot ETF application may not be approved in May; 16. BlackRock and asset tokenization company Securitize will team up to launch a new fund.

According to official news, social protocol The Arena (formerly Stars Arena) announced the launch of the ARENA token and will launch an airdrop. The main function of ARENA will be as a governance token, an ERC-20 asset built on the Avalanche C chain. According to The Arena, a total of 37,120,167 points have been airdropped to more than 100,000 users. Each point will be worth 60 ARENA tokens, which means the total airdrop will be 2,561,292,000 ARENA tokens. The Arena also stated that only 10% of all airdrop tokens will be distributed in the initial phase, with the remaining 90% expected to be distributed monthly over the next year. More specific details about ARENA will be released closer to launch.

According to BlockBeats, on March 2nd, the BNB ecosystem liquidity protocol Thena's token, THE, experienced a short-term breakthrough of $0.29, with a current price of $0.2898 and a 24-hour increase of 35.82%. Previously, Thena announced plans to launch a series of innovative features by 2024, including a new user interface (UI), THE Wallet, the ARENA social trading platform focusing on SocialFi, THE Card with fiat currency channels, and the initial token offering of WARP. These developments signify that Thena is entering a more diversified and social era.