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Wu Shuo has learned that Backpack announced its TGE will take place on March 23rd. According to the disclosed token distribution plan, 25% (approximately 250 million tokens) will be unlocked at TGE, of which Points airdrop accounts for 24% (approximately 240 million tokens) and Mad Lads accounts for 1% (approximately 10 million tokens).

According to Axios, VeryAI, a startup developing palm print biometric authentication platform, completed a $10 million seed round funding, led by Polychain Capital, with participation from Berggruen Institute, Anagram, and multiple crypto industry angel investors. VeryAI's technology allows users to verify their identity by scanning their palm print through a smartphone camera. The system analyzes palm print lines and combines random gestures to defend against AI spoofing attacks.

Wu Shuo has learned that Tether Chief Executive Officer Paolo Ardoino showcased the company's internally developed Bitcoin-specific dashboard on X, stating that it aims to provide critical data support to the team to promote Bitcoin adoption and related education globally. According to the disclosed screenshots, the system covers real-time KPIs across multiple core dimensions of Bitcoin, including user growth (such as estimated total users reaching 575.9 million), holdings distribution (such as users holding over $1 reaching 449.2 million), on-chain cash flows, and whale monitoring.

Ethereum co-founder Vitalik Buterin shared his thoughts after attending the RWC conference. He pointed out that the mindset of "finding use cases for Ethereum" should be abandoned, and instead its value should be re-examined from the perspective of technical tools. Vitalik believes that Ethereum's core value is primarily as a "public bulletin board," providing censorship-resistant data availability for various crypto protocols, and the PeerDAS upgrade has increased its capacity by 2.3x. Additionally, Ethereum has irreplaceable value in API anti-spam payments, Sybil attack resistance, and as a

According to @ai_9684xtpa monitoring, a whale shorting $34.74 million worth of crude oil holds a total of 21,200 BRENTOIL and 15,200 CL, with opening prices of $91.8 and $87.8 respectively. The current unrealized loss is $1.84 million. The whale has accumulated 18 positions in total and is still in an overall profit.

Wu Says has learned that Hyperliquid posted that over the past 2 weeks, RWA trading on Hyperliquid has repeatedly set new highs, with open interest exceeding $1.3 billion and weekend trading volume surpassing $1.4 billion. As traditional markets close, Hyperliquid is becoming an important venue for 24/7 price discovery of oil, metals, indices, and other key assets, and will continue to expand into the full range of financial products.

According to analyst James Seyffart, BlackRock has officially launched its Ethereum staking ETF——ETHB, designed to meet investors' growing demand for yield-bearing cryptocurrency funds. Its fee structure is identical to ETHA at 0.25% basis points, but fees are waived to 0.12% for the first year or first $2.5 billion in assets. The fund tracks Ethereum's market price movement by staking held ETH on-chain, while also providing staking yields to investors.

Tens of thousands of victims from a major investment fraud case in China (the Blue Sky Qrui case) are challenging the UK government's plan to confiscate and dispose of approximately 4 billion dollars worth of Bitcoin (about 61,000 BTC) through legal means. Victim representatives' lawyers have written to the UK Foreign Office, arguing that these assets should be returned to legitimate Chinese victims rather than added to the UK treasury. Currently, thousands of victims have signed a related petition. Legal experts point out that due to the lack of a formal asset-sharing agreement between China

Stablecoin issuer Tether led a $520 million seed round for Bitcoin Layer 2 infrastructure startup Ark Labs. Ark Labs is dedicated to developing a Bitcoin layer based on the Ark protocol, aiming to provide low-cost, efficient stablecoin payments and programmable finance services through the Bitcoin network. The funding will be used to accelerate Ark Labs' infrastructure development and advance its technical research in scalability and privacy protection. (TheBlock)

Grayscale Investments' Grayscale Avalanche Staking ETF (ticker: GAVA) has officially listed on Nasdaq, marking the launch of the first exchange-traded fund in the United States specifically designed for Avalanche (AVAX) native staking rewards. The fund tracks the market price performance of AVAX itself while generating interest income through staking activities, with net proceeds after management fees being regularly reinvested into the fund or distributed. (TheBlock)

JPMorgan Chase is facing a class action lawsuit alleging that it aided and abetted a cryptocurrency Ponzi scheme involving $328 million. The lawsuit claims the bank provided critical banking infrastructure through its accounts to fraudulent entity Goliath Ventures and its Chief Executive Officer Christopher Delgado between 2023 and 2025. Despite JPMorgan Chase Chief Executive Officer Jamie Dimon's repeated public criticism of Bitcoin and warnings about its risks, the complaint states that the bank had already detected "red flags" through its internal monitoring software, including unusual fund

US initial jobless claims for the week ending March 7 totaled 213,000, compared to an expected 215,000, with the previous week's figure revised from 213,000 to 214,000.

According to GreekLive, on March 13 there will be BTC and ETH options expiring with a total notional value of approximately $2.18 billion. Specifically, 26,000 BTC options with a Put Call Ratio of 0.9, a max pain of $69,000, and a notional value of $1.8 billion; 182,000 ETH options with a Put Call Ratio of 1.21, a max pain of $2,000, and a notional value of $380 million. Analysis indicates that tomorrow's expiration volume represents only 6% of total open interest, a historical low. Although max pain shows its first rebound after declining for months, the trading distribution shows equal stren