Crypto Morning Brief: TRUMP Team to Host Banquet for Holders; Backpack Plans TGE This Month
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Crypto Morning Brief: TRUMP Team to Host Banquet for Holders; Backpack Plans TGE This Month
BlackRock Launches Its First Ethereum ETF with Staking Functionality
Navigating Web3 tides with focused insightsAuthor: TechFlow
Yesterday’s Market Highlights
U.S. initial jobless claims for the week ending March 7 totaled 213,000, versus an expected 215,000.
U.S. initial jobless claims for the week ending March 7 totaled 213,000, versus an expected 215,000. The prior week’s figure was revised upward from 213,000 to 214,000.
SEC Chair Atkins Delivers Speech: Advocates Regulatory Streamlining and Innovation Exemptions for Equity Tokenization
According to the SEC’s official website, U.S. Securities and Exchange Commission (SEC) Chair Paul S. Atkins delivered a speech on March 12 at the Investor Advisory Committee’s annual meeting, focusing on three key themes.
First, he emphasized reducing unnecessary disclosure burdens by promoting the “minimum effective dose” regulatory principle—stressing that rules should center on materiality and be flexibly calibrated according to company size. He also proposed extending the eligibility period for the “IPO On-Ramp” provision under the JOBS Act to encourage more small- and medium-sized enterprises to go public.
Second, he opposed the SEC’s use of “comply-or-explain” disclosure requirements as an indirect means of influencing corporate governance, calling such “shaming-style regulation” beyond the SEC’s statutory authority. Governance decisions, he asserted, should rest solely with shareholders and directors.
Third, on equity security tokenization, he stated that tokenization enhances settlement efficiency, reduces settlement risk, and eliminates intermediaries. He revealed that the SEC plans to consider introducing an innovation exemption framework to support limited trading of specific tokenized securities—and thereby accumulate experience toward developing a long-term regulatory framework.
BlackRock Launches Its First Ethereum ETF with Staking Functionality
According to CoinDesk, BlackRock’s iShares Staked Ethereum Trust ETF (ETHB) officially began trading on Nasdaq in Beijing time on March 13. This is BlackRock’s third crypto ETF—and its first to incorporate Ethereum staking functionality. ETHB will hold spot ETH and stake a portion of its holdings, enabling investors to gain both ETH price exposure and staking yield. The fund’s management fee is 0.25%, with a promotional rate of 0.12% applied to the first $2.5 billion in assets under management. BlackRock’s total crypto-related AUM currently stands at approximately $130 billion.
TRUMP Token Team to Host Banquet for Top 297 TRUMP Token Holders on April 25
According to the GetTrumpMemes official website, the TRUMP token team will host a crypto and business summit and banquet at Mar-a-Lago in Palm Beach, Florida, on April 25, 2026. U.S. President Donald Trump will attend and deliver the keynote address.
The event employs a token-holding leaderboard mechanism: qualified participants ranked within the top 297 by holding score will receive invitations. Among them, the top 29 VIP holders will enjoy additional exclusive reception activities with Trump and other guests, plus VIP front-row seating.
Backpack Announces TGE on March 23
Per an official announcement, Backpack has confirmed its Token Generation Event (TGE) will occur on March 23.
Avantis Launches AVNT Token Buyback and Burn Program
Per an official announcement, Avantis announced on X the launch of its AVNT token buyback and burn program. Thirty percent (30%) of daily trading revenue—including opening fees, closing fees, and profit-sharing fees—will now be used to repurchase and burn AVNT tokens on public markets. This mechanism is now live. The team stated that, following future protocol efficiency upgrades, the buyback allocation could rise above 50%, with implementation anticipated by the end of Q2 2026.
Tencent Responds to “Bulk Crawling of ClawHub” Allegations: “Only Pulled 1 GB of Data from Official Source, Using Non-Concurrent Requests”
Tencent AI X account Tencent AI (@TencentAI_News) responded to community allegations of “bulk crawling of ClawHub,” stating: “Hello Peter, we understand your concerns. SkillHub is a localized skills platform built by Tencent on the OpenClaw ecosystem, designed to deliver superior skill availability and speed for Chinese users.
We are fully transparent: as a local mirror site, we always credit ClawHub as our data source. In our first week live, we served 180 GB of traffic (870,000 downloads) to users, while pulling only 1 GB of data from the official source—via non-concurrent requests.
Many members of our team are active contributors (code and PRs), and we sincerely wish to support the ecosystem and become better sponsors.”
Earlier reports indicated that Tencent’s SkillHub platform allegedly crawled all skill data from OpenClaw’s official skills marketplace, ClawHub, and imported it into its own platform. Peter Steinberger urged Tencent to provide constructive support rather than unilaterally consuming ecosystem resources.
Perplexity Launches New Product “Personal Computer,” Enabling 24/7 Cross-File, Cross-App, and Cross-Session Operations
Per an official disclosure from AI search startup Perplexity, the company has formally launched its new product, “Personal Computer.” Built on a continuously running Mac mini, this product deeply integrates Perplexity’s AI capabilities with local hardware and operates 24/7—enabling seamless operations across files, applications, and sessions.
Perplexity has now opened sign-ups for its waitlist for early adopters and will provide corresponding support and resources to initial users.
Cryptio, Crypto Accounting Startup, Closes $45M Series B Round Led by BlackFin Capital Partners
Per a Fortune report, crypto accounting startup Cryptio has closed a $45 million Series B funding round led by BlackFin Capital Partners and Sentinel Global, with participation from 1kx, BlueYard Capital, and Ledger Cathay Capital. Cryptio provides enterprises with digital asset tracking, crypto lending management, and blockchain asset monitoring software. It currently employs 110 people and serves over 450 clients—including stablecoin issuer Circle and Société Générale’s blockchain subsidiary.
Oro Labs, AI-Powered Procurement Automation Startup, Raises $100M in Series C Round Led by Goldman Sachs
Per a Fortune report, Silicon Valley AI procurement automation startup Oro Labs has raised $100 million in a Series C round led by Goldman Sachs Growth Equity and Brighton Park Capital. Existing investors Norwest Venture Partners, B Capital, XYZ Capital, and Felicis also participated. The round brings Oro Labs’ total funding to $160 million. Its AI-powered “Procurement Orchestration Platform” layers atop enterprises’ existing ERP and procurement systems, delivering services including compliance review and process automation to Fortune 500 clients such as Coca-Cola, Pfizer, and Novartis.
Eightco Holdings Announces $125M Financing Led by Bitmine
Per a PR Newswire report, Eightco Holdings (NASDAQ: ORBS) has announced a $125 million financing round led by Bitmine (NYSE: BMNR), which committed $75 million. ARK Invest and Payward (Kraken’s parent company) each pledged $25 million. Other investors include Pantera, Coinfund, and GSR. The company also disclosed that it has completed a $50 million strategic investment in OpenAI and a $25 million investment in MrBeast’s Beast Industries—and continues to hold positions in Worldcoin and Ethereum. Bitmine Chairman Tom Lee has joined the ORBS Board of Directors, and ARK Invest Chief Futurist Brett Winton has assumed the role of Board Advisor.
Market Data
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