Must-watch events next week ｜ Polymarket announces big news next Monday; Backpack TGE Scheduled for March 23 (3.23-2.29)

Key events for the coming week

March 23

Polymarket announces big news next Monday, potentially related to token launch or fundraising;

Backpack TGE Scheduled for March 23;

US SEC may begin processing Morgan Stanley’s Bitcoin ETF application around March 23 at the earliest;

March 25

Crypto Journalist: US House Financial Services Committee Plan Tokenization Hearing Next Wednesday;

Metaplanet holds General Shareholders’ Meeting on March 25;

Other (Specific Time TBD)

Musk: X Platform to Launch Major AI Algorithm Update and Open Source Update Next Week;

From March 23 to March 29, more notable previews of industry events are below.

March 23

Polymarket is announcing big news next Monday, potentially related to token launch or fundraising

Odaily News: Mustafa, an official team member of Polymarket, posted on the X platform and said that big news will be announced next Monday. Since the tweet content included a coin symbol, the community speculates that it could be important news related to fundraising or a token launch.

Previously, according to The Wall Street Journal, prediction market platforms Kalshi and Polymarket are said to be in talks with potential investors for a new round of financing, each targeting a valuation of around $20 billion. Recently, Kalshi completed a new funding round of more than $1 billion, reaching a valuation of $22 billion, doubling its $11 billion valuation from its previous round in December last year. Sources revealed that this round was led by Coatue Management, and Kalshi’s current annual revenue is $1.5 billion.

Backpack TGE Scheduled for March 23rd

Odaily News: Backpack has announced on the X platform that its TGE will take place on March 23rd.

US SEC may begin processing Morgan Stanley’s Bitcoin ETF application around March 23rd at the earliest

Odaily News: Bloomberg ETF analyst James Seyffart stated that the US SEC may start processing Morgan Stanley’s Bitcoin ETF application around March 23 at the earliest.

Cboe Plans to Launch BITVX Volatility Index Based on IBIT Options on March 23

Odaily News: The Chicago Board Options Exchange (Cboe) plans to launch the Cboe IBIT Volatility Index (BITVX) on March 23. This index will introduce Cboe’s VIX index methodology to the Bitcoin market, further expanding the company’s volatility index product line. BITVX aims to measure the market’s expected volatility for Bitcoin over the next 30 days. Its data is derived from the option prices of BlackRock’s Bitcoin exchange-traded fund, the iShares Bitcoin Trust ETF (IBIT), and is calculated and managed by Cboe Global Indices. It uses the same methodology as the CBOE Volatility Index (VIX), which derives implied volatility from option prices rather than relying on historical returns.

NilChain to cease operations on March 23 advises holders to migrate NIL to Ethereum

Odaily News: Nillion announced on the X platform that NilChain will cease operations on March 23rd. Users holding NIL on Cosmos should migrate it to Ethereum immediately. After the closing, standard transfers will not be possible.

Binance to Launch PAYPUSDT Stock Perpetual Contract on March 23, 2026

Odaily News: According to an official announcement, Binance Futures will launch the PAYPUSDT shares perpetual contract on March 23, 2026 at 14:30 (UTC). This contract tracks the price of PayPay Corporation common stock (Nasdaq: PAYP), is settled in USDT, and supports leverage of up to 10x.

March 24

No

March 25

Crypto Journalist: US House Financial Services Committee plans tokenization hearing next Wednesday

Odaily News: Crypto journalist Eleanor Terrett posted on the X platform that the US House Financial Services Committee plans to hold a hearing on tokenization next Wednesday at 10:00 AM (Eastern Time). Blockchain Association CEO Summer Mersinger will attend as an invited witness.

Metaplanet is holding a General Shareholders’ Meeting on 25 March

Odaily News: According to a Metaplanet announcement, the company’s 27th Regular General Meeting of Shareholders will be held on Wednesday, March 25, 2026, at 10:00 AM at the “Pia Arena MM” in Yokohama City. Agenda items of the meeting will be announced separately as soon as they are confirmed. The record date for shareholder eligibility is 31 December 2025.

March 26

Sky proposes allocation of approximately 70 million USDS; If approved, fund transfer will be carried out on March 26

Odaily News: Sky has proposed to allocate around 70 million USDS for the remaining Sky agents in the launch phase. If the proposal is approved, all fund transfers will be scheduled for the implementation vote on March 26.

US releases initial jobless claims for the week ending March 21 on March 26

Odaily News: The United States will release initial jobless claims for the week ending March 21 on March 26.

March 27

Fed Vice Chairman Jefferson will speak on March 27

Odaily News: Federal Reserve Vice Chairman Jefferson will deliver a speech on Friday, March 27, at 7:00.

Bithumb to remove Neiro (NEIRO) on March 27

Odaily News: Bithumb to delist Neiro (NEIRO) on March 27. The withdrawal channel will close on April 27.

March 28

Linea to update terms of service on 28 March in preparation for the introduction of yield increase

Odaily News: Linea has announced that it will update its terms of service, with the new terms taking effect on March 28, 2026. This adjustment aims to prepare for the upcoming launch of Linea Yield Boost, which facilitates Linea’s transition from a short-term token incentive model to generating returns at the protocol level using cross-chain capital. In the future, most ETH bridged to Linea will be placed on the Ethereum mainnet via Lido V3 at the bridging layer to achieve underlying automatic return generation. Users’ cross-chain operation experience will remain unchanged, but bridged ETH will continuously generate input rewards in the background.

March 29

No

Other (Specific Time TBD)

Musk: X Platform to Launch Major AI Algorithm Update and Open Source Update Next Week

Odaily News: Elon Musk said that the X platform will release a major artificial intelligence algorithm update next week and plans to open it simultaneously. (Cointelegraph)

Starknet: STRK20 Mainnet launch planned for late April, Testnet to go live next week

Odaily News: Ethereum Layer 2 network Starknet has announced on the X platform that the STRK20 testnet will go live next week, with the mainnet planned to launch at the end of April. STRK20 is designed to support the issuance of privacy stablecoins and other privacy assets while addressing compliance needs. It aims to provide token-level privacy for assets on Starknet, keeping transaction amounts and account balances confidential while remaining compatible with DeFi applications.