The world of cryptocurrency is constantly evolving, and this week has been no exception. With the market continuing to chop and politics playing a big role in the space, there’s plenty to stay updated on. From MetaMask Card’s expansion to news of fake tokens circulating, to the latest on NFTs, we’ve got you covered. Let’s dive into the key crypto stories of the week.
MetaMask Card Waitlist
MetaMask has taken a significant step forward in integrating cryptocurrencies into everyday payments with the MetaMask Card. This crypto payment card has now expanded to the United States, South America, and Europe. The card supports USDC, USDT, and wETH, allowing users to make payments directly using cryptocurrencies without needing to convert them into fiat.
With MetaMask Card, users can link their card to their MetaMask wallet, providing a seamless payment experience. It also supports integration with Apple Pay and Google Pay, making it even more accessible. The card is backed by Mastercard’s global payment network, ensuring it works in millions of online and physical stores.
One of the key features of the MetaMask Card is its 3% USDC cashback reward for the first $10,000 in spending, which is a great incentive for crypto users. After that, cardholders will still earn a 1% reward on additional purchases. Eligible users in countries like the UK, Brazil, and Mexico can now apply for the card. If you’re not in one of these regions, you can still join the waitlist and be updated when the service expands further.
MetaMask Fake Pre-Market Token
As the MetaMask ecosystem grows, so does the threat of scams. MetaMask recently warned its users about fake tokens and fraudulent schemes falsely claiming affiliation with the platform. There is no official MetaMask token at this time, despite misleading claims circulating in the crypto space.
MetaMask urged users to stay vigilant, especially in light of its upcoming Bitcoin (BTC) and Solana (SOL) smart contract updates. Scammers are trying to take advantage of these developments by promoting fake tokens tied to MetaMask. The platform has previously debunked such rumors and warned users about potential phishing attacks. Always double-check the official MetaMask website for any token information to stay safe.
For years there have been rumours about a $MASK airdrop. We’ve always stated this is not the case. Although in the new regulatory environment, it may be an option in the future. It would surely be one of the biggest and most widespread airdrops if it ever happens.
USDe Stablecoin Issuer Ethena Raises $100M
In more positive news for the crypto world, the decentralized stablecoin project Ethena has raised $100 million in funding. Ethena, the issuer of the USDe stablecoin, aims to launch a new cryptocurrency that bridges traditional finance with blockchain technology. The private token sale, completed in December 2024, saw investments from high-profile firms, including Franklin Templeton.
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The funds raised will go toward building a robust blockchain infrastructure, with a focus on stability and scalability.
Ethereal saw a huge boost in TVL, with $400 million flowing into the ecosystem since the announcement. Ethereal is a DEX supporting the Ethena ecosystem. The increase in TVL is a good indicator of the growing adoption of USDe, and airdrop farmers have already started moving from platforms like Hyperliquid to Ethereal. You can find airdrop details for Ethereal right here.
Pi Airdrop Update
The Pi Network, one of the most talked-about projects in the crypto space, has extended the deadline for completing Know Your Customer (KYC) verification for its airdrop. Originally set to end earlier, the KYC deadline is now pushed to March 14th. Users must complete the verification process in order to qualify for the airdrop.
As the deadline approaches, many are rushing to complete the necessary steps. If you’re looking to participate, be sure to check out the airdrop details here and start your verification process early to avoid delays.
Greek Stock Exchange Eyes Sui Blockchain for Fundraising Tool
The Greek stock exchange, ATHEX, is exploring the possibility of using the Sui blockchain for its new on-chain fundraising mechanism. This would involve the deployment of a tool called the electronic book building (EBB), designed to help early-stage and mature companies list transferable securities on the blockchain.
ATHEX’s collaboration with Sui and Mysten Labs could revolutionize the fundraising process, offering a more secure and transparent way to issue and transfer securities. This would be one of the first efforts to integrate blockchain technology with stock market operations in such a manner. While the project is still in the evaluation phase, it’s a significant step toward bringing blockchain to traditional finance.
Check out the SUI price action here.
Polymarket Odds for Bitcoin Strategic Reserve Bump
After President Trump’s speech at Congress, there has been growing speculation that the U.S. government may soon establish a strategic Bitcoin reserve. Polymarket odds for this event surged to nearly 70%, sparking conversation across the crypto space.
Although Trump didn’t specifically mention Bitcoin in his speech, his remarks on tariffs and economic strategies have added to market uncertainty. Many believe that the upcoming White House crypto summit, scheduled for next Friday, may be the setting for an official announcement regarding the strategic crypto reserve. This development would be a game-changer for the industry, and traders are closely watching for any updates.
Final Words
As you can see, there’s always something happening in the world of crypto. Whether it’s new card products like the MetaMask Card, security threats around fake tokens, or large-scale fundraising moves like the Sui blockchain partnership, the crypto landscape is constantly evolving.
Stay tuned for more updates as the industry continues to grow and develop. With the latest innovations and ongoing political discussions, the future of crypto is more exciting than ever.
If you enjoyed this blog, you may want to check our other crypto news updates.
As always, don’t forget to claim your bonus below on Bybit, yes we still support them, and See you next time!
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