Selected News:

1. Ethereum Layer2 TVL is currently reported at 29.17 billion US dollars, with a 7-day increase of 9.39%.

2. Wang Feng: The equity of Element has been transferred to Blue Harbour Interactive without compensation, and I no longer hold any equity in the Crypto project.

3. Puffer Finance Chapter 3 has now been launched;

4. Frax Finance is considering introducing a token holder reward mechanism similar to Uniswap.

5. PENDLE, MATIC, and ZETA are among the top Smart Money inflows in the past 24 hours.

Price Observation

TinFun series NFT floor price reached 0.3 ETH, and the drop after opening the chart reached 44%According to Blur data, the TinFun series NFT floor price has reached 0.3 ETH and is currently reported at 0.304 ETH, with a 24-hour drop of 11.26% and a post-opening drop of 44%. The 24-hour trading volume is 356.69 ETH, and the 7-day trading volume is 1318.72 ETH.

CKB short-term breakthrough $0.016, 24-hour increase of 28%According to market data, CKB has risen and briefly surpassed $0.016 USD, currently trading at $0.0157 USD with a 24-hour increase of 28%.

PIXEL surged above $0.62, with a 24-hour increase of 21.8%

According to market data, PIXEL has risen and broken through $0.62, with a current price of $0.625 and a 24-hour increase of 21.8%.

Chameleon Travel Club floor price breaks through 3 ETH, market value surpasses $10 million

According to Blur market data, the floor price of Chameleon Travel Club NFT has surpassed 3 ETH and is currently trading at 3.28 ETH, reaching a new historical high with a weekly increase of 24.24%. At the same time, the total market value has exceeded 10 million US dollars.

It is reported that Chameleon Travel Club is the first Web3 project in the island travel industry. The project's vision is to create a global IP for the island travel industry.

蓝港互动股价涨超 80%，暂报 0.425 港元

Translation:

The stock price of Blue Harbour Interactive has risen by more than 80%, currently trading at HKD 0.425

According to market data, the stock price of Bluehole Interactive on the Hong Kong Stock Exchange has risen by 82.40% since the opening today, and is currently trading at HKD 0.425. The current total market value of Bluehole Interactive is HKD 156.4 million, with a trading volume of HKD 1.128 million today.

The concept coins in the gaming sector are generally rising, with ALICE rising more than 32% in 24 hours.

According to market data, the gaming sector concept coins have seen a general rise in prices, including:

ALICE's 24-hour increase reached 32.34%, currently trading at $1.956 USD;

PIXEL 24-hour increase reached 20.22%, currently trading at $0.6231 USD;

ACE has increased by 16.77% in the past 24 hours, currently trading at $11.6372 USD;

DAR 24-hour increase reached 15.43%, currently trading at 0.1825 USD;

GALA's 24-hour increase reached 13.08%, currently trading at 0.03346 USD;

TLM 24-hour increase reached 12.42%, currently trading at 0.02028 USD.

Frax Finance's CEO Sam Kazemian revealed to CoinDesk that this proposal will recommend sharing a portion of the protocol's revenue with veFXS token holders.

SatoshiVM team allegedly deposited 40,000 SAVM into KuCoin

After KuCoin announced that it will launch SAVM on February 26 at 17:00, the price of the token has risen by 58% in the past 24 hours. Spot On Chain has detected two suspicious fund movements:

A wallet possibly associated with the SatoshiVM team deposited 40,000 SAVM (worth $221,000) into KuCoin about 2 hours ago. It is unclear whether this was done to provide liquidity or to plan for the sale of these tokens after listing.

The fifth largest holder of SAVM purchased 22,500 SAVM for 100,000 USDT at a price of $4.44 per token about 14 hours ago. Currently, the whale account holds 386,000 SAVM (valued at $2,190,000) and has realized unrealized profits of $922,000 (+72.5%).

BitForex hot wallet abnormal outflow of $56 million, user withdrawal requests stalled without official response

According to the online detective ZachXBT's monitoring, the hot wallet of the cryptocurrency exchange BitForex recorded a fund outflow of approximately $56 million on February 23. Shortly after this fund outflow, user withdrawal requests encountered processing delays, and the exchange has yet to release any official announcements.

Currently, users are attempting to contact the BitForex team for answers through the X/Telegram channel. It is worth mentioning that just a month ago, BitForex's CEO announced his resignation. It is reported that BitForex holds 18% of the supply of TRB and 7% of the supply of OMI.

Degen Base announced that the airdrop share for PYTH stakers will be expanded to 12%According to official sources, Degen Base, a perpetual DEX project in the Base ecosystem, has announced an increase in the token airdrop for PYTH stakers from 8% to 12%.

Puffer Finance Chapter 3 has been launchedAccording to official sources, the LSD protocol Puffer Finance Chapter 3 has now been officially launched. Puffer Points will now increase over time.

For every 1 stETH deposited, you can immediately earn 1000 Puffer Points.

The points will increase every hour, and holding one pufETH in the wallet will increase 30 Puffer points per hour.

In addition, Curve has added a pufETH/wstETH liquidity pool, where each crvPufETH (pufETH/wstETH) in the wallet can earn 60 Puffer points per hour.

LBP platform Fjord Foundry is about to issue FJO tokens

The liquidity bootstrapping pool (LBP) platform Fjord Foundry announced the upcoming launch of the FJO token.

According to its official disclosed data, Fjord Foundry's partners include Balancer, Lemniscap, Zee Prime Capital, and Mechanism Capital. Successful cases launched by Fjord Foundry include:

Web3 information distribution protocol RSS3 raised $13.4 million, with a current FDV MC of $149 million.

The gaming guild Merit Circle raised $105 million, and the current FDV MC is $523 million.

AI smart contract solution Autonolas raised $547,000, with current FDV MC at $1.2 billion.

Wang Feng: Element's equity has been transferred to Blue Harbour Interactive without compensation, and I no longer hold any equity in Crypto projects.

Wang Feng, CEO of Blueport Group and founder of NFT trading platform Element, announced on his social media platform that he has officially notified the Hong Kong Stock Exchange of his intention to transfer all of his personal shares in Element to Blueport Interactive Group Limited, a Hong Kong-listed company, making Element a part of the high-quality assets held by a listed company. At the same time, he announced that he will no longer hold any Crypto project equity in his personal capacity, and that all of his investment paths will be through assets under Blueport Interactive.

One of the strategic priorities for Blue Harbour Interactive Group and its affiliated companies in the future is to fully enter the encryption market. This mainly includes:

1/ Increase the investment scale and asset management brand LK Venture's investment scale;

2/ Invest in NFT trading platform Element and provide more support in terms of research and development talent and funding;

3/ Enter the Bitcoin mining industry and hold investment in EcoPowX. The follow-up plans will be announced one after another.

Mantle EcoFund proposes second $30 million capital call and expands investment scopeAccording to the Snapshot voting page, the second capital call and governance process update proposal (MIP-29) proposed by Mantle EcoFund has opened for community voting.

According to the proposal, a second capital call will be made for an amount of 30 million US dollars (calculated in USDC) to be allocated from the Mantle treasury. The proposal also suggests expanding the investment scope of the Mantle EcoFund, including selective investments in accelerators, incubators, startup studios, and funds, to promote the growth of high-quality and innovative early-stage projects within the Mantle ecosystem.

Decentralized off-exchange trading platform Whales Market has a total trading volume of $54,440,142; the current total amount of funds held on the platform is $42,392,233, with Solana assets accounting for 82.1% and Ethereum assets accounting for 17.9%.

Chaos Labs launched the third season of the $20 million dYdX trading incentive, with a 245% increase in trading volume compared to the second season.

The second season of the $20 million dYdX trading incentive program initiated by blockchain security organization Chaos Labs has ended, and the third season has officially launched.

According to the Q2 report, the trading volume of dYdX Chain has exceeded $33 billion in 39 real-time markets. This represents a growth of 245% compared to Q1. The number of participants in trading has increased by over 41% compared to Q1, with over 3200 traders involved.

In addition, driven by incentive plans, the TVL of the dYdX chain has increased to about $57 million. The fluctuation of funding rates in most major markets is relatively stable, indicating an improvement in market maturity.

Greeks.Live researcher: Strong buying pressure in mainstream cryptocurrency market, with expectations of accelerated upward momentum

BTC is now in a spot bull market that is gradually driving the derivatives bull market. The IV of major term options is at its highest level in nearly a year. The current excited market sentiment can easily push up prices, and IV still has the potential to hit new highs.

Financing Express

Tokenized asset issuance company Open Asset announced the completion of a 2.3 billion Korean won (approximately $1.73 million) seed round investment, with participation from Hana Ventures, Korea Investment Partners, Mashup Ventures, and others.

OKX Ventures invests in Delphinus Lab, a trustless computing platform provider.

OKX Ventures announced its investment in Delphinus Lab, a provider of trustless computing platforms. The specific investment amount was not disclosed. Delphinus Lab aims to build a zkWASM cloud suite and is committed to providing a zkWASM-based application rollup platform, zkWASM Hub, which provides automatic proof and batch processing services for application workloads through customizable WASM extensions. In addition, while continuing to improve and innovate the original implementation of zkWASM, Delphinuslab will define zkWASM application communication standards in zkWASMHUB to achieve wider interconnection and collaboration among Rollup applications on different underlying blockchains.

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