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In the coming week from March 3, 2025 to March 9, 2025, there are other blockchain news that are worth your attention.In the coming week from March 3, 2025 to March 9, 2025, there are other blockchain news that are worth your attention.

Weekly preview | The White House will host the first cryptocurrency summit; Ethena (ENA), Sui (SUI), etc. will unlock tokens worth more than $1 billion

Author: PANews

Source: PANews

2025/03/02 21:51

6 min read

WHITE$0,0001174-6,45%

SUI$1,1228-2,10%

MORE$0,000792-12,48%

SUMMIT$0,0000171+0,58%

HOUSE$0,0007735-4,97%

ENA$0,1388-0,99%

ETC$9,67-1,62%

News preview:

HashKey Chain’s official staking function will be launched on March 3;
Sui (SUI) will unlock approximately 40.63 million tokens at 8:00 am Beijing time on March 3, accounting for 1.28% of the current circulation, with a value of approximately US$117 million;
Story will launch token issuance and staking rewards on March 4;
Ethereum Foundation: Pectra network upgrade is scheduled to go live on Sepolia on March 5;
The White House will host its first cryptocurrency summit on March 7;
Ethena (ENA) will unlock approximately 2.07 billion tokens at 3:00 pm Beijing time on March 5, accounting for 66.19% of the current circulation, with a value of approximately US$835 million;

March 3

Project dynamics:

HashKey Chain official staking function will be launched on March 3

HashKey Chain will officially launch the Staking function at 20:00 (UTC+8) on March 3, 2025, to provide users with flexible on-chain asset value-added services. It is understood that HashKey Chain Staking currently supports HSK pledge. Users can choose different lock-up periods according to their own needs and enjoy corresponding annualized yields and additional rewards, with an annualized rate of return of up to 12%. The launch of the Staking function aims to provide users with an asset value-added channel, while further enriching the application scenarios of the HashKey Chain ecosystem.

Token unlocking:

Sui (SUI) will unlock approximately 40.63 million tokens at 8:00 am Beijing time on March 3, accounting for 1.28% of the current circulation and worth approximately US$117 million.

March 4

Macroeconomics:

U.S. tariffs on Mexico and Canada were implemented on March 4

U.S. President Trump said the tariffs on Mexico and Canada would take effect on March 4.

Project dynamics:

Solayer plans to open LAYER token airdrop applications until March 4

Solana's re-staking platform Solayer announced that it has officially opened the airdrop application for its native token LAYER, but PANews' actual application is not yet open. Solayer stated in a blog that for early and eligible community members, the LAYER tokens in the Genesis Drop will be unlocked immediately upon release, and additional LAYER can be claimed through Epoch in the next 6 months. The inspection window opens at 20:00 Beijing time on February 11, 2025, and will remain open for 30 days until 20:00 Beijing time on March 4, 2025. Users who fail to initiate a claim during this period will lose their tokens. Unclaimed LAYER will be reallocated for future airdrops. LAYER tokens attributed after the initial claim period will not be affected.

Story will launch token issuance and staking rewards on March 4, releasing 55,555 IPs per day

Story will officially launch IP token issuance on March 4, 2025 (block 1,580,851), releasing 55,555 IPs per day and simultaneously launching staking rewards. Currently in the singularity period, users can stake but no rewards will be given, which will take effect after the Big Bang Block. The staking reward mechanism adopts a time-weighted model, with flexible staking of 1x, 1.1x for 90 days, 1.5x for 360 days, and 2x for 540 days, while locked staking only enjoys 0.5x rewards (locked for 6 months). Story encourages long-term staking to enhance the security and stability of decentralized AI native IP infrastructure.

Token unlocking:

Staika (STIK) will unlock approximately 1.57 million tokens at 8:00 am Beijing time on March 4, worth approximately US$8 million

March 5

Project dynamics:

Ethereum Foundation: Pectra network upgrade is scheduled to go live on Sepolia on March 5

The Pectra network upgrade is scheduled to be launched on the Ethereum testnet. It went live on Holesky at epoch 115968 (05:55 Beijing time on February 25), and then went live on Sepolia at epoch 222464 (15:29 Beijing time on March 5). The Pectra testnet client versions are listed below. After the two testnets are successfully upgraded, a mainnet activation epoch will be selected. Pectra follows last year's Dencun upgrade. It introduces more features such as enhanced Ethereum accounts, improved validator experience, support for L2 expansion, etc.

Token unlocking:

Ethena (ENA) will unlock approximately 2.07 billion tokens at 3:00 pm Beijing time on March 5, accounting for 66.19% of the current circulation, with a value of approximately US$835 million.

March 6

Macroeconomics:

Federal Reserve releases Beige Book on economic conditions

March 7

Macroeconomics:

US Nonfarm Payrolls Report

Policy supervision:

White House to host first cryptocurrency summit on March 7

The White House will host the first-ever cryptocurrency summit on March 7. President Trump will attend and speak at the first-ever White House cryptocurrency summit on March 7. Attendees will include prominent founders, CEOs, and investors in the cryptocurrency industry, as well as members of the President’s Digital Asset Task Force. The summit will be hosted by White House A.1. and cryptocurrency czar David Sacks, and managed by the task force’s executive director, Bo Hines.

Token unlocking:

Kaspa (KAS) will unlock approximately 162 million tokens at 8:00 am Beijing time on March 7, accounting for 0.63% of the current circulation, with a value of approximately US$12.8 million.

Neon (NEON) will unlock approximately 53.91 million tokens at 8:00 am Beijing time on March 7, accounting for 22.51% of the current circulation, with a value of approximately US$8.4 million.

March 8

Macroeconomics:

Federal Reserve Chairman Powell speaks at the University of Chicago Booth School of Business

Project dynamics:

Japan’s SBI Group will complete the integration of DMM Bitcoin customer accounts and assets by March 8

Japanese securities giant SBI Group announced that its crypto business has achieved a record quarterly profit. SBI also cooperated with USDC operator Circle to promote the launch of USDC trading pairs in Japan. In addition, the company has reached an agreement with DMM Bitcoin to complete the integration of DMM Bitcoin customer accounts and assets on March 8, 2025. This integration covers the yen and spot crypto assets of all DMM Bitcoin customers, and no additional operations are required by customers, which will be handled uniformly by SBI VC Trade. This integration will add 14 new spot trading assets, including NIDT, MONA, SAND, TRX, BAT, ALGO, APE, AXS, ETC, ENJ, CHZ, MKR, OMG, and FCR. After the integration, the total number of crypto assets supported by SBI VC Trade will increase to 38.

March 9

None

Market Opportunity

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Tags:

#On-chain #Airdrop

The gaming industry is in the midst of a historic shift, driven by the rise of Web3. Unlike traditional games, where developers and publishers control assets and dictate in-game economies, Web3 gaming empowers players with ownership and influence. Built on blockchain technology, these ecosystems are decentralized by design, enabling true digital asset ownership, transparent economies, and a future where players help shape the games they play. However, as Web3 gaming grows, security becomes a focal point. The range of security concerns, from hacking to asset theft to vulnerabilities in smart contracts, is a significant issue that will undermine or erode trust in this ecosystem, limiting or stopping adoption. Blockchain technology could be used to create security processes around secure, transparent, and fair Web3 gaming ecosystems. We will explore how security is increasing within gaming ecosystems, which challenges are being overcome, and what the future of security looks like. Why is Security Important in Web3 Gaming? Web3 gaming differs from traditional gaming in that players engage with both the game and assets with real value attached. Players own in-game assets that exist as tokens or NFTs (Non-Fungible Tokens), and can trade and sell them. These game assets usually represent significant financial value, meaning security failure could represent real monetary loss. In essence, without security, the promises of owning “something” in Web3, decentralized economies within games, and all that comes with the term “fair” gameplay can easily be eroded by fraud, hacking, and exploitation. This is precisely why the uniqueness of blockchain should be emphasized in securing Web3 gaming. How Blockchain Ensures Security in Web3 Gaming?

Immutable Ownership of Assets Blockchain records can be manipulated by anyone. If a player owns a sword, skin, or plot of land as an NFT, it is verifiably in their ownership, and it cannot be altered or deleted by the developer or even hacked. This has created a proven track record of ownership, providing control back to the players, unlike any centralised gaming platform where assets can be revoked.
Decentralized Infrastructure Blockchain networks also have a distributed architecture where game data is stored in a worldwide network of nodes, making them much less susceptible to centralised points of failure and attacks. This decentralised approach makes it exponentially more difficult to hijack systems or even shut off the game’s economy.
Secure Transactions with Cryptography Whether a player buys an NFT or trades their in-game tokens for other items or tokens, the transactions are enforced by cryptographic algorithms, ensuring secure, verifiable, and irreversible transactions and eliminating the risks of double-spending or fraudulent trades.
Smart Contract Automation Smart contracts automate the enforcement of game rules and players’ economic exchanges for the developer, eliminating the need for intermediaries or middlemen, and trust for the developer. For example, if a player completes a quest that promises a reward, the smart contract will execute and distribute what was promised.
Anti-Cheating and Fair Gameplay The naturally transparent nature of blockchain makes it extremely simple for anyone to examine a specific instance of gameplay and verify the economic outcomes from that play. Furthermore, multi-player games that enforce smart contracts on things like loot sharing or win sharing can automate and measure trustlessness and avoid cheating, manipulations, and fraud by developers.
Cross-Platform Security Many Web3 games feature asset interoperability across platforms. This interoperability is made viable by blockchain, which guarantees ownership is maintained whenever assets transition from one game or marketplace to another, thereby offering protection to players who rely on transfers for security against fraud. Key Security Dangers in Web3 Gaming Although blockchain provides sound first principles of security, the Web3 gaming ecosystem is susceptible to threats. Some of the most serious threats include:

Smart Contract Vulnerabilities: Smart contracts that are poorly written or lack auditing will leave openings for exploitation and thereby result in asset loss. Phishing Attacks: Unintentionally exposing or revealing private keys or signing transactions that are not possible to reverse, under the assumption they were genuine transaction requests. Bridge Hacks: Cross-chain bridges, which allow players to move their assets between their respective blockchains, continually face hacks, requiring vigilance from players and developers. Scams and Rug Pulls: Rug pulls occur when a game project raises money and leaves, leaving player assets worthless. Regulatory Ambiguity: Global regulations remain unclear; risks exist for players and developers alike. While blockchain alone won’t resolve every issue, it remediates the responsibility of the first principles, more so when joined by processes such as auditing, education, and the right governance, which can improve their contribution to the security landscapes in game ecosystems. Real Life Examples of Blockchain Security in Web3 Gaming Axie Infinity (Ronin Hack): The Axie Infinity game and several projects suffered one of the biggest hacks thus far on its Ronin bridge; however, it demonstrated the effectiveness of multi-sig security and the effective utilization of decentralization. The industry benefited through learning and reflection, thus, as projects have implemented changes to reduce the risks of future hacks or misappropriation. Immutable X: This Ethereum scaling solution aims to ensure secure NFT transactions for gaming, allowing players to trade an asset without the burden of exorbitant fees and fears of being a victim of fraud. Enjin: Enjin is providing a trusted infrastructure for Web3 games, offering secure NFT creation and transfer while reiterating that ownership and an asset securely belong to the player. These examples indubitably illustrate that despite challenges to overcome, blockchain remains the foundational layer on which to build more secure Web3 gaming environments. Benefits of Blockchain Security for Players and Developers For Players: Confidence in true ownership of assets Transparency in in-game economies Protection against nefarious trades/scams For Developers: More trust between players and the platform Less reliance on centralized infrastructure Ability to attract wealth and players based on provable fairness By incorporating blockchain security within the mechanics of game design, developers can create and enforce resilient ecosystems where players feel reassured in investing time, money, and ownership within virtual worlds. The Future of Secure Web3 Gaming Ecosystems As the wisdom of blockchain technology and industry knowledge improves, the future for secure Web3 gaming looks bright. New growing trends include: Zero-Knowledge Proofs (ZKPs): A new wave of protocols that enable private transactions and secure smart contracts while managing user privacy with an element of transparency. Decentralized Identity Solutions (DID): Helping players control their identities and decrease account theft risks. AI-Enhanced Security: Identifying irregularities in user interactions by sampling pattern anomalies to avert hacks and fraud by time-stamping critical events. Interoperable Security Standards: Allowing secured and seamless asset transfers across blockchains and games. With these innovations, blockchain will not only secure gaming assets but also enhance the overall trust and longevity of Web3 gaming ecosystems. Conclusion Blockchain is more than a buzzword in Web3; it is the only way to host security, fairness, and transparency. With blockchain, players confirm immutable ownership of digital assets, there is a decentralized infrastructure, and finally, it supports smart contracts to automate code that protects players and developers from the challenges of digital economies. The threats, vulnerabilities, and scams that come from smart contracts still persist, but the industry is maturing with better security practices, cross-chain solutions, and increased formal cryptographic tools. In the coming years, blockchain will remain the base to digital economies and drive Web3 gaming environments that allow players to safely own, trade, and enjoy their digital experiences free from fraud and exploitation. While blockchain and gaming alone entertain, we will usher in an era of secure digital worlds where trust complements innovation. The Role of Blockchain in Building Safer Web3 Gaming Ecosystems was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story