Weekly Crypto Highlights: US Lawmakers Unveil Bitcoin Initiative, Bubblemaps Launches BMT Token

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The cryptocurrency landscape continues to evolve rapidly, with major developments across regulatory initiatives, blockchain launches, and token rollouts scheduled throughout the week of March 10–16, 2025. From high-level political moves supporting Bitcoin adoption to new DeFi expansions and platform token launches, this week promises to shape key trends in the Web3 space.

This comprehensive update covers essential announcements from leading projects and institutions—including Movement Network’s mainnet launch, Hemi’s modular blockchain debut, and critical updates from Coinbase, Binance, and Circle. Whether you're tracking policy shifts, preparing for token airdrops, or evaluating new trading opportunities, this guide delivers timely insights.

Core Keywords

Monday, March 10: Movement Mainnet Launch & PancakeSwap Staking Sunset

Movement Network Set for Mainnet Debut

Movement Labs is poised to officially launch its highly anticipated mainnet on March 10. The team recently teased the rollout via a cinematic promotional video posted on their official X account, fueling speculation that the full public release is imminent.

As a zkEVM-based Layer 2 solution designed for the Sui ecosystem, Movement aims to bring Ethereum-compatible scalability to Sui’s high-performance infrastructure. With support from Binance Labs and other top-tier investors, the mainnet launch marks a pivotal step toward bridging EVM and Move ecosystems.

👉 Discover how next-gen Layer 2 networks are transforming blockchain interoperability.

PancakeSwap Discontinues Simple Staking

PancakeSwap has announced it will permanently shut down its "Simple Staking" product on March 10, 2025, at 08:00 UTC+8. The decision aligns with the platform's strategy to streamline offerings and focus on more sustainable, community-driven innovations.

Users are urged to withdraw their staked assets before the deadline to avoid potential loss of funds. While current staking positions will cease earning rewards post-deadline, PancakeSwap assures that all user assets remain secure and accessible until withdrawal.

This move reflects broader industry trends where platforms refine product suites to enhance long-term viability in competitive DeFi markets.

Tuesday, March 11: U.S. Lawmakers Reveal Bitcoin Strategy & Bubblemaps Token Launch

U.S. Senators Unveil Major Bitcoin Initiative

In a landmark development for Bitcoin regulation, Congressman Nick Begich (R-AK) revealed he is collaborating with Senator Cynthia Lummis (R-WY) on a significant pro-Bitcoin policy initiative set for public release on March 11.

Begich proclaimed on social media: “It’s time for America to become the first Bitcoin superpower.” Lummis, chair of the Senate Banking Committee’s Digital Assets Subcommittee and author of the Bitcoin Strategic Reserve Act, brings substantial legislative weight to the effort.

Though details remain under wraps, industry analysts speculate the plan could involve federal Bitcoin reserves, tax reforms, or infrastructure investments—potentially positioning the U.S. as a global leader in digital asset policy.

Such bipartisan momentum underscores growing institutional recognition of Bitcoin’s strategic value in national finance and monetary policy.

Bubblemaps Introduces Native Token BMT

Data analytics platform Bubblemaps is launching its native utility token, BMT, on March 11. Designed to power governance, incentivize user engagement, and unlock premium features within the platform, BMT represents a major milestone in Bubblemaps’ decentralization roadmap.

Bubblemaps specializes in visualizing complex on-chain activity across multiple blockchains, offering traders and analysts intuitive tools to track whale movements, smart money flows, and emerging market patterns.

With BMT, users may gain access to enhanced data filters, early feature rollouts, and voting rights on future platform upgrades—deepening community involvement in product development.

Wednesday, March 12: New Blockchains Go Live & Stablecoin Expansion

Hemi Network Launches Mainnet

Modular blockchain Hemi Network will go live on March 12, aiming to unify Bitcoin and Ethereum into a single interoperable "super network." By leveraging Bitcoin’s security while enabling fast execution layers, Hemi seeks to bridge two of crypto’s most robust ecosystems.

Backed by Binance Labs and raising $15 million in funding last year, Hemi employs innovative data availability solutions to allow Ethereum-based apps to settle transactions directly on Bitcoin—a novel approach with far-reaching implications for cross-chain DeFi.

👉 Explore how modular architectures are redefining blockchain scalability.

SBI VC Trade Adds USDC Support

Japanese financial giant SBI Group’s crypto arm, SBI VC Trade, will begin supporting USDC stablecoin transactions on March 12. This follows the exchange’s recent registration as Japan’s first “electronic payment instrument trader” for stablecoin services.

Initially limited to internal group use, the rollout signals SBI’s intent to expand digital asset offerings in compliance with local regulations. The approval grants SBI VC Trade three key licenses: crypto exchange operations, financial instruments type-I business, and electronic payment services—solidifying its status as a regulated fintech leader.

Lombard Finance Brings LBTC to Sui Blockchain

Lombard Finance is expanding its Bitcoin liquidity layer by launching LBTC—the platform’s liquid staked Bitcoin token—on the Sui blockchain on March 12. This marks Lombard’s first deployment outside EVM-compatible chains like Ethereum, Base, and BNB Chain.

By bringing LBTC to Sui’s high-throughput environment, Lombard enables native Bitcoin-backed lending and borrowing within non-EVM DeFi ecosystems. The move strengthens Bitcoin’s utility beyond simple holding, advancing its role as foundational collateral in decentralized finance.

Thursday, March 13: Coinbase Lists New Perpetual Contracts

Coinbase International will list perpetual futures contracts for three new tokens starting March 13 at 17:30 UTC:

Available on both Coinbase International and Coinbase Advanced platforms, these listings offer traders leveraged exposure to emerging projects in decentralized identity, gaming, and health-tech Web3 applications.

Perpetual contracts allow open-ended positions without expiration dates, making them popular among active crypto traders seeking short- or long-term directional bets.

Friday, March 14: Binance Adjusts Withdrawal Support

Binance will discontinue deposit and withdrawal support for the following tokens via specified networks starting March 14 at 16:00 UTC:

Users attempting deposits through these networks risk permanent fund loss. However, alternative network options remain available for each token. Binance recommends verifying supported networks before initiating any transaction.

Saturday, March 15: Babylon Airdrop Registration Closes

The Babylon Foundation will close its airdrop registration portal on March 15. Eligible participants include:

Babylon focuses on enhancing Bitcoin’s utility by enabling secure staking of BTC to secure PoS chains—a breakthrough in leveraging Bitcoin’s hash power across ecosystems.

Late registrants are advised to act quickly, as no extensions are expected after the deadline.

Sunday, March 16: Circle Upgrades USDC on Linea & EigenLayer Airdrop Ends

Circle Migrates USDC on Linea

Circle will upgrade USDC implementation on Linea from bridged USDC.e to native USDC issuance around March 16. This transition requires temporarily pausing USDC.e bridging functionality.

Once complete, Linea users will benefit from faster cross-chain settlements via CCTP v2 integration—improving capital efficiency and reducing latency in multi-chain operations.

EigenLayer Q2 Airdrop Claims Close

Eigen Foundation has opened claims for its second-quarter retroactive rewards distribution, with submissions due by March 16. Participants who contributed to protocol security, node operation, or ecosystem development during the eligibility period can now claim their allocated tokens.

This continues EigenLayer’s commitment to rewarding early adopters and strengthening decentralized network participation.

Frequently Asked Questions (FAQ)

Q: What is the significance of the U.S. lawmakers’ Bitcoin initiative?
A: The collaboration between Senator Lummis and Congressman Begich signals growing political momentum for pro-Bitcoin legislation. It may lead to federal strategies involving strategic reserves or regulatory clarity.

Q: How does Hemi Network connect Bitcoin and Ethereum?
A: Hemi uses modular design principles to enable Ethereum applications to settle transactions directly on Bitcoin through data availability layers—enhancing security and interoperability.

Q: Can I still use CTXC on Binance after March 14?
A: Yes—but only through networks other than Ethereum. Deposits via Ethereum will no longer be supported after the cutoff.

Q: Where can I claim my EigenLayer airdrop?
A: Visit the official Eigen Foundation portal before March 16 to verify eligibility and submit your claim.

Q: Why is PancakeSwap ending Simple Staking?
A: To simplify its product suite and focus on more sustainable models that deliver greater long-term value to users.

Q: Is BMT a governance token?
A: Yes—BMT grants holders voting rights and access to advanced features within the Bubblemaps platform ecosystem.

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