Daily Alpha and Summary. March 18, 2025

DeFi

Cronos gov proposal to reissue 70 billion CRO, previously burned in 2021, was approved, with votes from Crypto[.]com validators playing a crucial role

Offchain Labs launched Onchain Labs an initiative in partnership with the Arbitrum Foundation, to support early-stage developers in creating dapps on Arbitrum.

Ethena and Securitize partner to launch TradFi Evm L1 Converge, ENA will power staking, USDe and USDtb used for gas, and Securitize will issue tokenized assets on Converge. Dev testnet to go live soon

Yzi labs formerly Binance labs invested in Plume

BNB chain meme launchpad four[.]meme hit by hack

State of the Market

Solana received significant backlash and deleted a politically motivated ad 9 hours after posting it

Canary Capital files for spot SUI ETF

Gemini appoints new CFO Dan Chen, former VP at Affirm ahead of its potential IPO

Metaplanet acquired additional 150 BTC ($12.5M) issues bonds to buy more BTC