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Bittensor ecosystem infrastructure startup General Tensor completed a $5 million oversubscribed seed and pre-seed funding round, led primarily by Good Morning Holdings and Lvna Capital. The company, founded in 2024, is dedicated to developing infrastructure for the decentralized AI network Bittensor and claims that its cost efficiency in acquiring TAO tokens is higher than direct purchase.

The main content of the article includes: the TGE date for Backpack token will be announced, Across Protocol explores token and equity exchange, FDIC states that stablecoins are not protected by deposit insurance, Hyperliquid crude oil contract trading volume is high, Polymarket reports stability in Iran's leadership, Avantis launches a token buyback program, and Pump.fun registers multiple blockchain subdomains.

Odaily Planet Daily reports that 10x Research posted on the X platform stating that its model has triggered the most altcoin buy signals since October last year. Although the crypto market sentiment remains weak and trading volume is near lows, the technical momentum of some altcoins is improving and aligns with fundamental catalysts.

U.S. stocks closed lower, with the Dow down 0.61%, the S&P 500 down 0.08%, and the Nasdaq up 0.08%. Crypto-related stocks performed well, with UPXI rising 9.45%. msx.com is a decentralized RWA trading platform that has launched various U.S. stock and ETF tokens.

The International Energy Agency (IEA) has decided to release 400 million barrels of strategic oil reserves, setting a new record high, but market focus is on the release speed rather than the total amount. Due to disruptions in shipping through the Strait of Hormuz, the global oil supply gap has reached 16 million barrels per day, with limited actual replenishment capacity. The IEA measures only serve as a buffer, and whether normal trade can be restored remains to be seen.

Odaily Planet Daily reports that XT.COM has launched the Lobster USDT U perpetual contract, supporting up to 10x leverage.
It is reported that the Lobster USDT contract supports order trading functionality. XT stated that more contract trading pairs will be continuously launched in the future, along with related promotional activities.

Odaily Planet Daily reports that Backpack is confirmed to have its TGE around March 23. According to real-time betting data from Polymarket, the probability that Backpack's FDV exceeds $300 million on the first day of TGE is approximately 68%, while the probability that it exceeds $500 million is only 33%.
Previously, Backpack CEO Armani Ferrante stated during an official Twitch live stream that the token TGE date is approximately March 23.

Sonic Labs has launched its native web stablecoin US Sonic Dollar (USSD), serving as the core liquidity layer of the Sonic ecosystem. USSD is built on Frax Finance's infrastructure, pegged 1:1 to the US dollar, and backed by tokenized U.S. Treasury bonds provided by multiple institutions. Users can mint USSD across multiple chains with zero fees and can exchange and redeem it flexibly using assets like USDC, USDT, and others.

Odaily Planet Daily reports that, according to Ember Monitoring, Ondo Finance's multi-signature wallet transferred 10 million ONDO to Coinbase early this morning, worth $2.58 million. This wallet previously transferred 24.475 million ONDO to Coinbase half a month ago.

The Iranian Expert Committee elected 56-year-old Mojtaba Khamenei as the new Supreme Leader on March 8, marking the first family succession in Iran's highest authority. This appointment came less than two weeks after his father, Ali Khamenei, was killed in a U.S. airstrike, demonstrating the continued control of the hardliners. Mojtaba has a strong political background, having participated in the Revolutionary Guard and held important advisory roles during his father's tenure. International reactions are polarized; Russia and China expressed support, while the United States voiced disapproval. Market forecasts indicate limited confidence in Mojtaba's future governance.

The list of the first batch of stablecoin issuers licenses in Hong Kong is expected to be announced within this month, with shortlisted institutions including Standard Chartered Bank, HSBC, and OSL. The Hong Kong Monetary Authority may release the results next week. The first batch of licenses will prioritize stability, with banks taking the lead to enhance market confidence and stability.

As of March 11, the total net inflow of SOL spot ETFs was $1,663,100. Among them, the Bitwise Solana Staking ETF had a net inflow of $3,151,700, with a total net inflow of $771 million historically; the Grayscale Solana Trust had a net outflow of $1,488,600, with a total net inflow of $106 million. The total assets under management (AUM) are $830 million.

Odaily Planet Daily reports that SolanaFloor posted on the X platform that Pump.fun has registered subdomains for Base, BSC, Monad, and Ethereum, and has removed the location information "Solana" from its X profile, or will be expanding cross-chain.

The 2026 Oscars are about to open, and Polymarket data shows the probability of major awards, with "One More Battle" leading in categories like Best Picture and Best Cinematography. Michael B. Jordan and Paul Thomas Anderson are also in favorable positions for their respective awards.

Odaily Planet Daily reports that Avantis announced on the X platform the launch of the AVNT token buyback and burn plan, which allocates 30% of daily trading revenue (opening fees, closing fees, and profit fees) for buyback and burning of AVNT tokens on the open market. This mechanism is now officially in effect.
Additionally, the official statement indicates that after future protocol efficiency upgrades, the buyback ratio is expected to increase to over 50%, with an estimated implementation before the end of Q2 2026.