GeckoPulse: March 28 to April 3 Crypto News

This GeckoPulse episode covers March 28 - April 3's top crypto news. Subscribe to our free daily newsletter to be the first to receive breaking updates!

Notable Coins of the Week

StakeStone (STO)

Previously a liquid staking platform, StakeStone announced the launch of their payment app, “Stone Wallet QR Payment”, across more than 10 southeast asian regions. 

This announcement and pivot proved extremely bullish as their STO token is up more than 1000% since this announcement.

EdgeX (EDGE)

The native token of the perp DEX EdgeX launched on March 31 through an airdrop. The token initially faced controversy after the platform confirmed that almost half of the airdrop ($94.6M) went towards partners and liquidity providers.

Despite the initial negative sentiment, the token continued to rally, reaching a fully diluted valuation (FDV) of over $850M.

Algorand (ALGO)

In response to Google’s report on the rising threat of quantum computing, quantum-resistant crypto coins have been on a rally this week. Amongst these coins, Algorand stood out, surging over 43% in the past week.

DeFi News

The Big Drift Protocol Exploit. Solana perp DEX Drift Protocol experienced the largest DeFi hack of the year on April Fool’s day, losing $280M in user funds. Investigations are ongoing but fund recovery seems unlikely.

Goodbye Leap Wallet. Leap Wallet, a popular hot wallet used in the Cosmos ecosystem has announced their shut down. Users are advised to migrate their wallets by May 28, 2026.

Another Crypto Shutdown. Dmail, a decentralized email system has also announced their shutdown. The shutdown is due to rising costs and a lack of users.

Hyperliquid Mobile Is Coming. A mobile version of the popular perp DEX Hyperliquid is now available to Android users. Functionality and downloads are limited as the app is currently still in its early stages.

Aave V4 Is Here. After two years of development, crypto lender Aave unveiled its fourth iteration of its DeFi protocol, now live on Ethereum.

Token Generation Event (TGE) News

EDGE. The EdgeX airdrop commenced on March 31st with 30% of the token supply airdropped to users. EDGE has a maximum token supply of 1B tokens with 25% of the tokens allocated to team members.

Regulatory News

Bithumb Postpones IPO. South Korea’s second largest crypto exchange has postponed its plans to go public by at least 2 years. Bithumb originally planned to IPO in 2026 but delayed their plans after the exchange struggled with fines and suspensions for compliance violations.

NFT/Gaming News

Removed From the Play Store. April 1 marked the next stage of Magic Eden Wallet’s shutdown, being removed from the app store. Magic Eden Wallet is shutting down so that the platform can focus on their main functions as a NFT marketplace.

Others

WLD Dump 65M Tokens.  Sam Altman’s crypto project, World Coin, has raised an additional $65M through the sale of WLD tokens. WLD hits a new ATL of $0.24 following this announcement.

Caught Betting on Themselves. P2Pme, a stablecoin startup has issued a public apology after it was revealed that team members betted on their own fund raising milestones on Polymarket.