Crypto & Blockchain Daily Brief Saturday, March 15, 2025

The article discusses the successful completion of a token sale backed by former President Donald Trump's advisor and political strategist, Steve Bannon. The sale was conducted by a decentralized finance platform called Sharder Protocol, which aims to provide secure and efficient data storage solutions. The token sale raised $8 million in just 22 seconds. The success of the token sale was attributed to several factors, including Bannon's endorsement, the innovative technology offered by Sharder Protocol, and the growing interest in decentralized finance and blockchain projects. Bannon's involvement in the project was seen as a significant endorsement that helped attract investors and generate hype around the token sale. Sharder Protocol aims to revolutionize data storage by leveraging blockchain technology to provide secure, efficient, and decentralized storage solutions. The platform allows users to store and share data in a secure and efficient manner, without relying on centralized servers. This approach is seen as a major innovation in the field of data storage and has the potential to disrupt traditional storage solutions. Overall, the completion of the token sale was seen as a major milestone for Sharder Protocol and a validation of its innovative approach to data storage. The success of the sale demonstrated the growing interest in decentralized finance and blockchain projects, as well as the impact of endorsements from high-profile figures like Steve Bannon.

The article discusses the recent sell-off of Shiba Inu (SHIB) and provides insights into key price levels to watch for potential future movement. The sell-off in the crypto market has affected SHIB as well, causing a drop in its price. However, the article notes that the sell-off has slowed down, indicating a possible stabilization in the price. The article highlights some key price levels that traders and investors should monitor to gauge the direction of SHIB's price movement. The $0.000022 level is identified as a crucial support level, and if the price manages to stay above this level, it could signal a potential reversal in the downward trend. On the other hand, the $0.000031 level is seen as a key resistance level that SHIB needs to overcome to regain bullish momentum. The article also mentions that the overall sentiment in the crypto market is currently bearish, which could continue to put pressure on SHIB's price. However, if the price manages to hold above the support level and break through the resistance level, it could pave the way for a potential rally. In conclusion, the article suggests that traders should closely monitor the key price levels mentioned to assess the future direction of SHIB. The slowing down of the sell-off and the potential stabilization in price indicate that SHIB may be gearing up for a possible trend reversal. However, market sentiment and external factors in the crypto market will also play a significant role in determining SHIB's future price movements.

The article introduces a new exchange-traded fund (ETF) called the Strategy Shares NextGen Protocol ETF, which aims to provide investors with exposure to convertible bonds. Convertible bonds are a type of hybrid security that can be converted into a predetermined number of shares of the issuer's common stock. This feature allows investors to benefit from potential stock price appreciation while also receiving fixed income payments. The ETF will track the performance of the Indxx Blockchain Index, which includes companies involved in blockchain technology and cryptocurrencies. By focusing on convertible bonds issued by companies in this sector, the ETF offers investors the opportunity to participate in the growth potential of blockchain technology while also providing downside protection through the fixed income component of convertible bonds. The Strategy Shares NextGen Protocol ETF is designed to appeal to investors seeking exposure to blockchain technology in a diversified and risk-managed way. By investing in a basket of convertible bonds issued by companies in the blockchain and cryptocurrency space, the ETF offers a unique investment opportunity that combines the potential for capital appreciation with the stability of fixed income securities. Overall, the new ETF provides investors with a way to access the growing blockchain technology sector through a diversified and professionally managed investment vehicle. With the increasing interest in cryptocurrencies and blockchain technology, this ETF may appeal to investors looking to capitalize on the potential growth opportunities in this innovative industry.

A U.S. court has approved a bid by 3AC, a crypto-focused investment firm, to expand its $1.5 billion claim against FTX, a major cryptocurrency exchange. 3AC initially filed a lawsuit in December 2021, alleging that FTX had engaged in wrongful conduct that caused damages to 3AC. The court's decision allows 3AC to include additional claims in its lawsuit, broadening the scope of the case and potentially increasing the amount of damages sought. The lawsuit centers around an investment deal between 3AC and FTX, where 3AC claims that FTX breached the terms of the agreement and engaged in actions that caused harm to 3AC. FTX has denied the allegations and stated that it will vigorously defend itself against the claims made by 3AC. The court's approval of 3AC's bid to expand its claim is seen as a significant development in the ongoing legal battle between the two parties. It opens the door for 3AC to present additional evidence and arguments to support its case against FTX, potentially strengthening its position in the lawsuit. The outcome of the lawsuit could have far-reaching implications for both 3AC and FTX, as well as for the broader cryptocurrency industry. It underscores the growing importance of legal disputes and regulatory challenges faced by companies operating in the crypto space, highlighting the need for clear guidelines and regulations to govern the industry.