Token Events

Blockchaintimes reports that the Backpack team, in response to Sybil detection issues, has decided to open an appeal channel and establish new criteria to compensate affected users through targeted compensation via token buybacks.

The BackPack Wallet, a self-custodial crypto wallet, today announced a strategic partnership with Orca, a user-friendly DEX platform built on Solana. With this collaboration, the BackPack Wallet leverages Orca’s DEX (decentralized exchange) infrastructure to provide a powerful combination of

The essay discusses the need for "Verifiable Privacy" in professional trading, highlighting Umbra's unique technical approach and performance-based tokenomics. It notes the privacy sector’s strong growth and upcoming catalysts for Umbra’s expansion.

A CEX official announced that regarding the sybil identification issue, the team has communicated with the responsible party and is preparing to open an appeal channel. Through the new "Rule 3," eligible users can receive a refund of 50% or more points, and a compensation plan will be launched in the coming days.

Balancer proposed two governance proposals to eliminate the token issuance mechanism and reshape the economic model, increasing liquidity provider fees to 75% and repurchasing and burning BAL tokens worth $3.6 million. The move aims to reduce reliance on token incentives and shift toward real yield. It also launched a $500,000 compensation plan to balance interests, while consolidating resources to focus on core products, demonstrating a transition from a high-inflation model to a DeFi structure centered on cash flow.

Gate News reports that on March 24, YZi Labs transferred 8.75 million RDNT (valued at $470,000) to a certain CEX. These RDNT tokens were acquired through vesting unlocks over the past two years, which were worth approximately $3.86 million at the time of unlock, and are now worth only $470,000.

On March 24, Figure changed its tokenized stock ticker from FGRD to FGRS, in line with SEC registration and Provenance Blockchain listing information, without affecting security or trading mechanisms. The stock tokens will be issued and traded on Figure's OPEN platform and will support DeFi market lending.

Balancer Labs, the team behind the decentralized finance protocol Balancer, is shutting down after mounting financial pressure and a $116 million hack in November, with executives proposing continuation of the protocol under a leaner, more cost-effective structure. “After careful consideration, I h

Pi Network has recently faced price declines, but technical indicators such as RSI approaching oversold levels and community sentiment remaining positive. Despite bullish signals, increased exchange reserves and upcoming token unlocks present bearish risks, with potential selling pressure likely to suppress prices. Market conditions require close monitoring.

On March 24, the Perle Foundation announced that the PRL token qualification registration window has closed and entered the claim phase. The total supply of PRL tokens is 10 billion, distributed among the community, ecosystem, investors, and team. Additionally, the official has opened airdrop registration, requiring users to connect their wallet and associate their social accounts.

Biotech company NovaBay announced a strategic transformation, rebranding itself as Stablecoin Development Corporation to venture into the digital asset field, with its stock price increasing by about 19%. The company changed its stock ticker from NBY to SDEV and holds approximately 2.06 billion SKY tokens. This transition was facilitated by $134 million in private equity financing.

Gate News reported that on March 23, MagicEden posted on the X platform stating that it will increase the core revenue allocation for ME token buybacks and staker dividends from the previous 15% to 30% in the third quarter.

NovaBay Pharmaceuticals announced on March 23 a rebranding to Stablecoin Development Corporation, with its ticker symbol changed to SDEV, redirecting its business focus toward cryptocurrency and stablecoin development. The company completed a private financing round of 134 million dollars, acquiring substantial SKY tokens and cash, with additional purchases made through secondary markets. As of March 16, the company held approximately 2.06 billion SKY tokens, valued at approximately 147 million dollars.

Strategy filed an 8-K with the SEC on March 23, announcing the addition of three new underwriting dealers and the launch of a new ATM offering program involving common stock and preferred stock. The company also adjusted the authorized shares for STRC and STRK, and terminated the original STRK preferred stock offering program.

Aster DEX has launched its Stage 6 strategic buyback program to help stabilize the $ASTER token amid ongoing market ups and downs. The program executes token repurchases from a dedicated strategic wallet Moreover, all transactions are fully on-chain and publicly visible, demonstrating Aster’s

Bernstein analysts point out that Circle's USDC partnership with a certain CEX is a direct play for investing in the stablecoin market. AI agent machine payments could bring incremental demand, but the scale remains small for now. USDC's supply and trading volume have reached all-time highs, with leading market share.

Gate News reports that on March 23, the Perle Foundation announced that the review of PRL token airdrop eligibility appeals is currently underway and has not yet been finalized. Successful appeal distributions are expected to be distributed after TGE. At the same time, the PRL airdrop registration channel will officially close on March 24 at 10:00 AM. Users who have not yet verified their eligibility can proceed to the official page to complete registration.

Pump.Fun (PUMP) has fallen about 17% since March 18, due to heavy selling pressure and ongoing net outflows from long-term holders. The money flow index indicates weak buying momentum, and the price may continue to decline. If it breaks below the $0.001780 support level, it could establish the next critical bottom. Analysts advise paying attention to support, resistance, and volume changes to evaluate price stability and potential buying opportunities.

Malaysia's Johor Regent Tunku Ismail Idris owns a diversified business empire spanning real estate, construction, healthcare, and cryptocurrency. His subsidiary launched the stablecoin RMJDT pegged to the ringgit, which is currently in the regulatory sandbox testing phase. The Johor royal family's assets are approximately 5.7 billion, primarily concentrated in Singapore real estate.