bp

Bybit Alpha and Byreal have launched the BP-USDC on-chain liquidity mining pool, with a current annual percentage rate (APR) of approximately 947%, providing users with opportunities for on-chain liquidity mining returns.

Bybit Alpha and Byreal now support Backpack (BP) trading.BP is the native token of Backpack Exchange. The current price of BP is $0.23, with a market cap of $236.35M.

Backpack posted on platform X that the BP trading market will open today at 20:00 (UTC+8), and the withdrawal function will be enabled shortly after the market opens.

The Federal Court for the Northern District of California recently dismissed Coinbase user Roger Metz's attempt to block the IRS subpoena.Metz claimed that the IRS's subpoena requiring Coinbase to hand over financial records related to its 2022 tax audit violated his privacy rights and procedural rules, and stated that he had discovered errors and paid additional taxes before the subpoena was issued. The court ruled that Metz's failure to notify the U.S. Attorney General within 90 days constituted "insufficient service," dismissing the case but allowing him to resubmit the application in the future.

Backpack officially announced its token code "BP" on social media and published the contract address.

According to the official announcement, Bybit will soon launch pre-market trading for Backpack (BP), with a maximum leverage of 5 times. The start time for the collective bidding is: March 16, 2026, 18:00 (UTC+8).

The Bitcoin Policy Institute (BPI) announced that it will submit public comments on the Federal Reserve's upcoming proposal for the Basel framework implementation, advocating for changes to the risk weight treatment of BTC within the banking regulatory system.BPI Executive Director Conner Brown stated that BTC is classified as a high-risk asset under the Basel framework, subject to a 1,250% risk weight, higher than almost all other asset classes, and is characterized as "the most stringent classification." In contrast, the risk weights for cash, physical gold, and government bonds are all 0%. The 1,250% capital requirement means that banks must hold BTC with a 1:1 ratio of compliant collateral, significantly increasing the cost for banks to hold this asset and limiting their ability to provide financial services to BTC-related businesses.

According to a report by The Block, a study released by the Bitcoin Policy Institute (BPI) tested 36 models from Anthropic, DeepSeek, Google, MiniMax, OpenAI, and xAI, with a total of 9072 test scenarios.In the context of long-term value storage, Bitcoin received 79.1% support, stablecoins ranked second with 6.7% support, and fiat currency came last with 6% support.In payment scenarios involving services, micro-payments, and cross-border transfers, stablecoins led with a share of 53.2%, Bitcoin accounted for 36%, and fiat currency came last with a share of 5.1%.

According to a report by The Wall Street Journal citing informed sources, the Federal Reserve is secretly initiating a legal challenge in response to two subpoenas issued by U.S. prosecutor Jeanine Pirro in the criminal investigation against Powell.Pirro, a longtime ally of President Trump, launched the investigation to examine whether Powell made false statements to Congress last summer regarding the Federal Reserve building renovation project. This action prompted Powell to respond publicly in an unprecedented manner, stating in a video statement on January 11 that the investigation is a guise for Trump's ongoing pressure on the Federal Reserve to cut interest rates and undermine the central bank's independence.In the secret proceedings, the Federal Reserve is requesting the judge to quash the subpoenas to reduce or eliminate its obligation to respond. The specific legal arguments have not been disclosed. In high-profile investigations, it is not uncommon for recipients of subpoenas to challenge prosecutors on the grounds that the requests are overly broad or involve information protected by legal privilege.Due to the confidentiality rules applicable to criminal investigations before grand juries, this legal battle is quietly ongoing and not open to the public.

Stablecoin issuer Agant has obtained registration for crypto asset activities from the UK's Financial Conduct Authority (FCA) in preparation for its upcoming pound-pegged stablecoin, GBPA.This registration is granted under the UK's anti-money laundering regulations, allowing Agant to issue the GBPA stablecoin, which will be fully backed by pounds at a 1:1 ratio, primarily targeting institutional users.Agant's CEO Andrew MacKenzie stated that a well-designed pound stablecoin provides a solid foundation for innovation in payments, settlements, and tokenized assets in the UK. The company is working closely with regulators, financial institutions, and global partners to build its platform. GBPA will enter the pound stablecoin market, which already includes products like Tokenised GBP (TGBP), the latter having a market capitalization of approximately $4.9 million.

According to GMGN data, the Meme coin BP on the Solana chain saw an intraday increase of over 760%, with its market cap briefly surpassing $17.9 million, currently retreating to around $17 million.ChainCatcher reminds users that the prices of Meme coins are highly volatile, and investors should be aware of the risks.

According to GMGN data, the Meme coin BP on the Solana chain saw an intraday increase of over 270%, with its market cap briefly surpassing 10 million USD, currently retreating to about 8.7 million USD.Odaily reminds users that the prices of Meme coins are highly volatile, and investors should be aware of the risks.

The Federal Court of Australia ruled that BPS Financial was fined AUD 14 million (approximately USD 9.7 million) for operating the Qoin wallet project without obtaining the necessary licenses and for making misleading statements to consumers.

According to Cointelegraph, the Federal Court of Australia has ruled that financial services company BPS Financial must pay a fine of 14 million AUD (approximately 9.3 million USD) for violations in promoting and operating the Qoin Wallet product. Of this amount, about 1.3 million USD is for operating financial services without a license, and 8 million USD is for making misleading and deceptive statements.The Australian Securities and Investments Commission (ASIC) accused BPS of issuing the product and providing financial advice without holding an Australian financial services license between January 2020 and mid-2023, in violation of the Corporations Act. The court found that senior management of the company was involved and that there were deficiencies in the compliance system, constituting "serious and illegal conduct."In addition to the fine, BPS is also prohibited from operating financial services without a license for the next 10 years and must publish court-mandated announcements on the Qoin Wallet app and website, while also bearing most of ASIC's legal costs.

Asset management company Bitwise has partnered with Proficio Capital Partners to launch the industry's first actively managed anti-inflation ETF (NYSE: BPRO), focusing on investments in anti-inflation assets such as gold, bitcoin, and silver.

According to records from forkcast org, the 172nd Ethereum Consensus Layer Core Developer Conference (ACDC) mainly discussed: successful activation of BPO2, Blob Target increased to 14, Limit increased to 21; EIP-8070 (Sparse Blob Pool) confirmed to be included in Glamsterdam; the proposal process for the Hegota headline proposal has been opened.

Ethereum developers have completed the second and final "Blob Parameters Only (BPO)" fork planned during the Fusaka upgrade cycle. This update increases the target number of blobs in a block from 10 to 14, and the upper limit from 15 to 21, aiming to further enhance the network's data availability capabilities.Officials stated that the BPO mechanism allows Ethereum to independently adjust key parameters such as blobs in a phased manner without waiting for large annual upgrades, thereby testing and releasing the network's capacity in a more controlled way. Blobs were initially introduced in the 2024 Dencun upgrade to provide low-cost data storage for Layer 2 Rollups, with this data being automatically cleared from the mainnet after approximately 18 days.This adjustment is seen as a concluding step for the Fusaka upgrade. Developers noted that as the upper limit of blobs per block gradually increases, Ethereum can provide more data space for Layer 2 networks, helping to maintain stable transaction costs for Rollups amid growing on-chain activity.

According to Cointelegraph, the second BPO hard fork of Ethereum has increased the blob limit to 21, thereby enhancing network scalability and reducing costs.

Ethereum Foundation Research Co-Director Alex Stokes tweeted that the Ethereum Blob Pressure Optimization proposal BPO2 upgrade has officially taken effect on the mainnet. According to real-time on-chain data, the target value for Blobs has been increased to 14 per block, and the maximum capacity has been raised to 21.