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Backpack Clarification: Polymarket User Attempting to Manipulate Coin Price is Not a Backpack Team Member

2 hours ago

On March 25th, Backpack took to social media this morning to announce that a Polymarket trader held a large open position, betting BP’s fully diluted valuation (FDV) the day after its token generation event (TGE) would exceed $200 million. As the settlement window neared, with BP’s price hovering around $0.19, a specific trader appeared to be purchasing large volumes of BP tokens in an attempt to push the price above $0.20 and win their Polymarket trade. The Backpack team immediately launched an investigation. These traders are not insiders—they are not Backpack employees, directors, executives, advisors, nor do they have any affiliation with the platform. Backpack maintains a zero-tolerance policy for all forms of insider trading.
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YZI Labs Launches Atlas Scout Program to Empower Students to Support Web3, AI, and Biotech Startups

On March 25, YZI Labs announced the launch of the Atlas Scout Program to empower university students to back Web3, AI, and biotech startups. Ella Zhang, leader of YZI Labs, noted: “Recent meetings with 16- to 18-year-old young entrepreneurs left a strong impression on me. In this AI-powered new era, the pace of learning and entrepreneurship is accelerating exponentially. We launched the Atlas Scout Program to empower the next generation of investors—enabling them not just to witness the future, but to identify, fund, and help shape it alongside us.” According to reports, the Atlas Scout Program is a student-run $1 million venture capital initiative. It will select 5 to 10 top university students to act as investors, backing founders in the Web3, AI, and biotech sectors. Atlas Scouts will receive a global travel budget, incentive-aligned rewards, and direct access to YZI Labs’ ecosystem of over 300 portfolio companies.

12 minutes ago

CZ: Anyone claiming to be able to help a project team list on Binance is a scam

On March 25, Binance founder CZ said in a social media post that project teams can safely assume anyone claiming to help get a project listed on Binance (CEX) is a scammer—especially if they say they know CZ or have a close connection to him, and so on.

12 minutes ago

Yesterday, the US Bitcoin spot ETF saw a net outflow of $66 million, while the Ethereum ETF saw a net outflow of $40.7 million

On March 25, Farside Investors reported that U.S. Bitcoin spot ETFs posted net outflows of $66.60 million yesterday, with the following breakdown: - BlackRock IBIT: -$4.70 million - Fidelity FBTC: -$45.53 million - Bitwise BITB: -$16.00 million Additionally, U.S. Ethereum spot ETFs recorded net outflows of $40.70 million yesterday, including: - BlackRock ETHA: -$25.00 million - BlackRock ETHB: -$2.20 million - Fidelity FETH: -$5.80 million - Grayscale ETHE: -$1.70 million - 21Shares TETH: -$1.10 million - Grayscale Ethereum Trust: -$10.00 million

12 minutes ago

The Bhutanese government transferred 519 bitcoins to 2 new addresses

March 25th: Per Onchain Lens monitoring, the Royal Government of Bhutan’s crypto address has transferred 519.7 BTC (valued at $36.75 million) to two new wallets.

12 minutes ago

TAO breaks $330, now trading at $337.8

As of March 25th, TAO is trading at $337.80 per HTX data, up 9.21% over the past 24 hours.

12 minutes ago

Hyperliquid's Hip 3 Deployer Markets to Go Live on Mobile

March 25th — Per a Markets social media post, the Markets mobile app is currently in testing and will roll out to a specific group with limited spots. First-wave users will get one free trade, sponsored by Markets.

12 minutes ago