According to Fox News, Wake Forest baseball coach has issued a public apology after being caught on camera using a homophobic slur during an NCAA Tournament game (source: Fox News via Twitter, June 4, 2025). This incident has led to increased volatility in sports betting markets, particularly those tied to NCAA baseball outcomes. Additionally, fan tokens and sports-related crypto assets linked to NCAA teams have seen heightened trading activity and potential short-term price swings as traders react to reputational risks and potential sanctions. Crypto market participants should monitor official NCAA and team statements for further developments that could impact fan token valuations.