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MemeCoin and the decentralized innovation platform MemeCore have completed a token round financing, with investments from Waterdrip Capital, CatcherVC, and IBC Group

ChainCatcher news, focusing on meme coins and decentralized innovation, the blockchain platform MemeCore has completed a token round financing, with participation from Waterdrip Capital, CatcherVC, and IBC Group. This financing marks an important step for MemeCore in building its ecosystem and integrating blockchain technology with meme culture.In addition to investment, MemeCore will also engage in further collaboration with Waterdrip Capital, CatcherVC, and IBC Group to explore potential strategic partnerships. These collaborations may include ecosystem expansion plans, joint development of blockchain infrastructure, and establishing partnerships with the rich portfolio projects of the three institutions. With the professional resources and industry influence of these investment firms, MemeCore aims to enhance the utility of its ecosystem, strengthen market positioning, and drive widespread adoption in the Web3 space.MemeCore CEO Jun stated, "MemeCore is committed to creating a decentralized 'playground' that empowers the meme community and blockchain projects. The support from Waterdrip Capital, CatcherVC, and IBC Group not only recognizes our vision but also provides us with strategic guidance and industry resources to accelerate our growth. We look forward to closely collaborating with our new partners to drive meaningful innovation and create long-term value for our ecosystem."

Standard Chartered Bank's Head of Digital Asset Research: Bitcoin's rebound will depend on two major catalysts, namely a recovery in risk assets overall or favorable news such as sovereign purchases

ChainCatcher news, according to The Block, Standard Chartered's Head of Digital Assets Research Geoff Kendrick stated that the recent decline in Bitcoin's price is primarily influenced by the pressure from broader risk assets, rather than issues within the cryptocurrency itself. "From a volatility-adjusted basis, Bitcoin's performance is highly correlated with the 'seven tech stocks plus Bitcoin' portfolio," Kendrick noted in an email on Tuesday, "Tesla performed the worst, while Meta and Apple performed the best, with the rest being similar to Bitcoin."Kendrick believes that Bitcoin's rebound will depend on two main catalysts: a recovery in risk assets overall or Bitcoin-specific positive news (such as sovereign purchases). He pointed out that clearer tariff policies or a rapid rate cut by the Federal Reserve would help boost the market, "the probability of a rate cut in the May meeting rising from the current 50% to 75% could trigger a rebound." Although Bitcoin may quickly test the $69,000 support level if it falls below $76,500 in the short term, he still maintains a target forecast of $200,000 by the end of 2025.Next week's Federal Reserve interest rate decision will be a significant test for Bitcoin. Rohit Jain, Managing Director of CoinDCX Ventures, stated that if the Federal Reserve maintains the current interest rates as expected, it could lead to Bitcoin testing the $70,000 support level.

Opinion: DeepSeek's low-cost AI development approach may become an important catalyst for blockchain development

ChainCatcher news, according to IBTimes, the founder of game studio Dizzaract, Ilman Shazhaev, stated in an interview that DeepSeek's low-cost AI development approach is "encouraging" and could become an important catalyst for blockchain development. He pointed out, "If high-performance AI models can be obtained at low cost, more decentralized systems will be able to utilize them at various levels."Shazhaev believes that DeepSeek's open weight design and two-stage reinforcement learning training method signify a true shift in AI development philosophy. He predicts that this model will have a significant impact on blockchain gaming, particularly in promoting smarter in-game economies.Although OpenAI CEO Sam Altman has accused DeepSeek of secretly using data from American AI giants to train its AI assistant, Shazhaev believes that a shift is occurring, especially among developers in the field of cryptocurrency and AI integration. He stated that budget constraints have always been a barrier in blockchain development, making models like the DeepSeek chatbot an attractive option.The AI model launched by DeepSeek in January of this year caused a stir in the tech industry, leading to a decline in related tech stocks and AI token prices. U.S. President Trump subsequently issued a statement calling for American tech companies to "wake up" and learn from this AI technology that does not require billions of dollars in development costs.
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