BlockBeats News, February 23, ZK Infrastructure and Ethereum Scalability Solution Developer nil;Foundation tweeted that it has raised $600,000 through the LEGION community round to accelerate the introduction of zkSharding on the Ethereum chain.

BlockBeats News, February 23rd, according to official sources, ResearchHub has received a $2 million investment from Boost VC.

BoostVC is reportedly furthering its commitment to ResearchHub's mission of accelerating scientific research. This funding will further strengthen ResearchHub's Desci efforts to make research more open, transparent, and collaborative.

BlockBeats News, February 21, Nasdaq-listed cryptocurrency mining chip manufacturer Nano Labs announced that it has entered into subscription agreements with certain investors (hereinafter referred to as "Investors") to sell 913,714 shares of Class A common stock of the company through a private placement.

Subscription Price: $6.46 per share

Total Amount of Private Placement: Approximately $5.9 million

Payment Method: Bitcoin and USDT

Nature of the Transaction: The issuance of shares does not require registration under Section 5 of the Securities Act

Prior to this, the company had received investments from well-known institutions such as Fenbushi Capital, Golden Forest, and Longling Capital. Additionally, Nano Labs has recently increased its Bitcoin holdings. As of February 21, 2025, the company holds approximately 400 bitcoins, with a current market value of about $40 million. The average cost of purchasing bitcoins for the company's holdings (including transaction fees) is approximately $99,500 per BTC.

BlockBeats News, February 21st: Privacy-preserving data layer Primus has completed a total of $6.5 million in seed and seed+ financing. The round was led by Dispersion Capital, Symbolic Capital, VanEck, with participation from Samsung Next, Alchemy, Maelstrom, and others.

Verifiable and privacy-preserving data is key to the success of future systems, whether AI agents or DApps. Primus, as the missing encrypted middleware between current blockchains and applications, uses advanced cryptographic techniques to address the core challenges of trust and privacy, ensuring secure and reliable interactions in the decentralized ecosystem.

Primus continues to develop zkTLS and zkFHE, allowing users to verify and control any web data.

BlockBeats News, February 21st, according to The Block, Bitcoin staking platform Acre has completed a $4 million strategic financing round, with participation from Draper Dragon, Big Brain Holdings, Orange DAO, and others.

Acre's co-founder and CEO Laura Wallendal stated that the funding round was conducted in the form of future equity simple agreements and token subscription rights. Wallendal mentioned that the $90 million valuation represents the fully diluted valuation of the unreleased ACRE token.

BlockBeats News, February 20, according to TechCrunch reports, stablecoin liquidity provider Mansa has completed a $10 million seed round, with Tether leading a $3 million equity investment. The raised funds will be used to support the company's expansion into Latin America and Southeast Asia.

Mansa, headquartered in Dubai and focused on the African market, enables payment companies to settle transactions instantly and fund customer accounts.

BlockBeats News, February 19th. According to The Block, hybrid execution network developer Fluent Labs has completed an $8 million funding round. The round was led by Polychain Capital, with participation from Primitive, dao5, Symbolic Capital, Builder Capital, Nomad Capital, and Public Works, as well as angel investors Balaji and Dingaling. The $8 million is the total amount of funding Fluent Labs has raised to date, although the company has refused to disclose its valuation.

Fluent is the first hybrid execution network, an Ethereum L2, which blends Wasm, EVM, and SVM applications into a unified execution environment. Hybrid execution allows programs written for different VMs to work together in a unified execution environment.

BlockBeats News, February 19th, according to BlockWorks, asset packaging startup company Universal has completed a $9 million financing round, led by a16z, with other specific information yet to be disclosed.

BlockBeats News, February 19th, according to official sources, modular real yield layer Cygnus announced the completion of a $20 million Pre-Seed funding round, with participation from Manifold, OKX Ventures, Mirana Ventures, Optimism Retro Funding, among others.

According to the introduction, Cygnus enables any blockchain to customize its staking network and achieve shared security. Furthermore, Cygnus is building the first Web3 Instagram application layer, integrating on-chain and off-chain assets to power the creator economy.

BlockBeats News, February 19th, according to Bloomberg, cryptocurrency market maker Wintermute Trading Ltd. is seeking to expand its business to the United States, including opening an office in New York and offering new products in the U.S.

Wintermute is one of the largest liquidity providers in the digital asset market and has offices in London and Singapore.

Wintermute's CEO, Evgeny Gaevoy, stated that as part of the expansion plan, the company plans to offer OTC products to U.S. customers and add approximately 5 to 10 people to its existing team of 130.

According to sources familiar with the matter, Wintermute recently raised funds in a financing round led by Tencent Holdings Limited.

Both Tencent and Wintermute did not respond to requests for comment on this financing round.