Key Opinion Leader Calls for Coin Recommendation, Overlapping Bittensor Subnet Achieves Largest Decentralized LLM Pre-training in History, TAO's Coin Price Doubles in the Past Month

March 25th – Per a company press release, Hyperliquid Strategies Inc.—the HYPE Treasury company—announced Tuesday it has launched options trading for its common stock PURR on the U.S. Nasdaq Options Market. The move aims to boost liquidity and improve price discovery for PURR shares, which offer investors a capital-efficient way to gain exposure to Hyperliquid’s native token HYPE. Hyperliquid Strategies primarily accumulates HYPE tokens via staking, yield optimization, and ecosystem engagement to maximize shareholder value. Hyperliquid Strategies CEO David Schamis stated: “This is a significant milestone for the company. PURR options enable our investors to better manage risk and tap into the fast-growing Hyperliquid high-performance ecosystem.” Schamis noted that at the time of the options launch, Hyperliquid is seeing record growth—fueled by a surge in trading volume for perpetual contracts tied to tokenized real-world assets, including perpetual oil contracts. Just six months

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.

On March 25, LookOnChain monitoring reveals the whale that previously sold 255 BTC to short has opened two positions: - A 40x short on 1,000 BTC (≈$70.7 million) - A 20x long on 202,155 units of xyz:BRENTOIL (≈$19.25 million) Both positions are currently in the red. The whale once held an unrealized gain of $25.16 million but now faces an unrealized loss of $33.39 million.

March 25 — Per HyperInsight monitoring data, the Abraxas Capital sub-address (0xb83d...) has incrementally expanded its GOLD short position over the past hour, adding nearly $4 million in holdings. Following this increase, its 5x leveraged CL short position now stands at $21.25 million, with the average entry price dropping from $5187 to $4796. The current GOLD price is $4587, leaving the position with ~$980k in unrealized gains (12% return) and a liquidation price of $6144. Notably, this short position was significantly expanded when gold traded around $4850 (hitting the prior decline’s high). The address also holds a $25 million BRENTOIL short position, with $2.95 million in unrealized gains.

March 25: Per Onchain Lens monitoring, a new whale address with the 0xD77 prefix withdrew 33,998 ETH from Kraken 5 hours ago—valued at roughly $72.9 million.

March 25th — Bloomberg reported Wednesday that Tether Holdings SA, the issuer of the stablecoin Tether, has paused a $20 billion financing plan. The firm is awaiting results from its first full financial audit and could restart fundraising once the audit wraps up. During the fundraising process, potential investors and bankers have pushed Tether to boost financial transparency, though some prospective backers remain willing to support the company before the audit results are released. Tether has already hired an accounting firm to conduct the audit.