ChainCatcher message, Ethena Labs posted updates related to the Bybit security incident on X:All spot assets supporting USDe are held in an off-chain custody solution, including those held by ByBit through Copper Clearloop. No exchange, including Bybit, has spot value.The total unrealized PNL (profit and loss) related to Bybit hedge positions is less than $30 million, which is less than half of the reserves.Currently, USDe is still over-collateralized.All USDe redemptions are proceeding normally, and the liquid stablecoin value supported by USDe is $2 billion, which can be redeemed at any time if users need.At the same time, Ethena Labs stated that they stand with Bybit and are ready to provide assistance.

ChainCatcher message, Ethena Labs founder @leptokurtic_ posted on platform X: "Ethena handled the largest single-day redemption and closed all unrealized risk exposure at the first moment of the news outbreak. In any case, at its peak, the unrealized risk exposure was always just a small part of the USDe excess reserves.Although Bybit, as the world's second-largest derivatives exchange, represents over 20% of the hedging exposure, USDe has never experienced an undervalued deposit situation. Even if the unrealized risk exposure does not drop to zero within hours, this exposure could be completely lost, while USDe would still be over-collateralized. We hope this incident can validate some design decisions made to reduce user risk with the OES custodial solution. The simple design approach is to avoid costs and the increased engineering complexity of custodians in the off-chain hedging system, and Ethena Labs has not encountered any support losses or redemption request issues."

ChainCatcher news, according to a report by PR Newswire, Nano Labs (NASDAQ: NA) has signed a share subscription agreement with investors to privately issue 913,714 shares of Class A common stock at a price of $6.46 per share, raising approximately $5.9 million, with investors paying in Bitcoin and USDT. The company has previously received investments from institutions such as FENBUSHI, Golden Forest, and Longling Capital.The announcement also disclosed that as of February 21, 2025, Nano Labs holds approximately 400 Bitcoins, with a current market value of about $40 million, and an average purchase cost of $99,500 per coin (including transaction fees). This private placement transaction is expected to be completed within 10 business days, subject to customary closing conditions.

ChainCatcher news reports that DWF Labs Executive Partner Andrei Grachev stated at the Consensus Hong Kong 2025 conference that the cryptocurrency market has shifted from a speculative market to one dominated by institutional-grade financial products.Currently, crypto investment is developing towards low-risk, stable returns. Bitcoin has evolved from an experimental asset used for buying pizza in its early days to an institutional-grade asset, now included on the balance sheets of governments and corporations. Grachev mentioned that DWF Labs' future investments will focus on five dimensions:AI agents and crypto integration, with the company establishing an AI Agent fund to invest in mid-term AI-driven crypto projects;DeFi research and development, as DeFi innovation continues despite the weakening Layer 1/2 narrative;Yield-bearing assets and stablecoins to meet low-risk investment demands;Tokenization of real-world assets (RWA), working with banks and regulatory bodies to advance the tokenization of assets like stocks and real estate;The meme token market, which, despite a high failure rate, remains an important liquidity hub.

ChainCatcher news, during the roundtable discussion "Trends and Rhythms of the New Web3 Cycle" hosted by Web3 data company RootData and Chaincatcher on February 19, UFLY Labs investment partner Neal shared his forward-looking insights and investment strategies regarding industry trends.Neal stated that AI technology is reshaping the logic of global productivity, and UFLY Labs has deeply integrated AI into the entire process of investment decision-making and team collaboration. "We require members to use tools like DeepSeek and OpenAI to optimize their work, and we even set a threshold of 'more than 50 hours of AI usage' during the interview process." He emphasized that AI is not only an efficiency tool but also a core criterion for screening "future-oriented talent." Only teams that actively embrace technological change can seize opportunities in the new Web3 cycle.In addition, UFLY Labs announced that it will officially start operations in February 2025, focusing on AI, PayFi, and the real demand track of Web3. UFLY Labs has also chosen to launch a special fund during market fluctuations, creating a unique "capital + growth + ecosystem" support system.It is reported that among the more than 10 projects invested by UFLY Labs during its cold start period in the fourth quarter of 2024, 50% have completed listings on leading exchanges, with several projects landing on platforms such as Binance, Upbit, OKX, and Bybit.

ChainCatcher news, Sonic Labs co-founder Andre Cronje posted on the X platform that Coinbase has refused to list the token S for 8 years, the reason is completely incomprehensible, and launching the token on Base actually has very "crypto" characteristics.

ChainCatcher message, Abstract previously disclosed that the ecological application Cardex encountered a security vulnerability attack. After completing an initial security audit, its team accidentally exposed the private key of the session signer on its website's front end. In response, Cardex confirmed on platform X that it has been attacked in connection with the session key leak. They are currently working with the Abstract team to trace the flow of stolen funds and the recovery situation, and will disclose the details of the incident later.

ChainCatcher news, according to The Block, hybrid execution network developer Fluent Labs has completed a $8 million funding round, led by Polychain Capital, with participation from Primitive, dao5, Symbolic Capital, Builder Capital, Nomad Capital, Public Works, and angel investors Balaji, Dingaling, among others. The $8 million is the total amount raised by Fluent Labs to date, although the company declined to disclose its valuation.Fluent is the first hybrid execution network, an Ethereum L2 that combines 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.

ChainCatcher news, according to on-chain analyst Yu Jin's monitoring, currently YZi Labs' EVM address holds assets worth 67.78 million dollars obtained through investment attribution unlocking.The top four held assets are: 75 million 1INCH (20.09 million dollars); 60 million ID (18.49 million dollars); 1 million AXS (4.22 million dollars); 48.33 million HOPR (3.35 million dollars).

ChainCatcher news, according to Ember monitoring, YZi Labs (formerly Binance Labs) transferred $206,000 worth of 7 tokens to Gate exchange 4 hours ago.These tokens include ULTI, OLE, MAVIA, SQR, NLK, PBUX, and WNCG, all of which were obtained by YZi Labs through investment unlocks. Although these projects received investment from YZi Labs, they failed to launch on Binance.

ChainCatcher news, according to Bloomberg, crypto startup Altius Labs has completed a $11 million Pre-Seed funding round, led by Founders Fund and Pantera, with participation from institutions such as Archetype, Reforge, DCG, No Limit Holdings, and Amber Group, as well as angel investors from projects like Berachain, Movement, Ethena Labs, Ritual, dao5, Solana Foundation, and Hudson River Trading.Altius Labs was founded by Hudson River Trading software engineer Anit Chakraborty and former managing partner of Amber Group Annabelle Huang. Altius is building a VM-agnostic modular execution stack that separates the execution stack from a single binary implementation and network design, enabling seamless integration with any L1, L2, and application chains to immediately enhance performance and improve interoperability.

ChainCatcher news, Uniswap Labs posted on social media hinting at support for the Monad network, including integration of the Uniswap wallet and web application.

ChainCatcher message, Abstract contributor cygaar responded on the X platform regarding some Abstract users being attacked:The issue is related to Cardex; if you have interacted with this application, please revoke the relevant Session;It is not an AGW contract issue; the wallet functionality has no vulnerabilities; this specific problem is related to the application's negligence in session key management;If you have never interacted with Cardex, your funds are safe;The contract has undergone multiple audits, and the session key module has been specifically reviewed; relevant reports will be released soon.

ChainCatcher message, developer 0xBeans posted on social media that some Abstract users have been attacked, but this may not be a global issue with the Abstract Global Wallet (AGW). The problem seems to exist only in a specific application (seemingly Cardex, please do not interact for now), and efforts are currently underway to determine the cause.To reiterate, this is not a global AGW issue, but rather a problem with a specific application, and updates will be provided later.

ChainCatcher news, DWF Labs partner Andrei Grachev disclosed that the stablecoin project Falcon Finance will launch today. Grachev stated that more updates will be released in due course.

ChainCatcher news, YZi Labs has invested and raised tens of millions of dollars for Sidekick Protocol, which has established a strategic partnership with Eastern Europe's largest live streaming platform, Trovo.live. The new funding will be used to create a new model for live trading, build a brand new real-time interaction and asset trading pathway, support first-hand market information sharing, real-time interaction, and seamless asset trading, and promote the transition of traditional users to Web3.It is reported that Sidekick has built a mature channel network on Discord, attracting over 10,000 traditional game streamers to join the community, and has created a content distribution network covering 18 million fans, achieving sales exceeding 20 million dollars. Meanwhile, its Miniapp users on the Telegram platform have surpassed 19 million, and it has successfully obtained a TikTok overseas live streaming license, which is expected to rapidly drive content viral dissemination.Investors in Sidekick Protocol include YZi Labs (formerly Binance Labs), Hashkey Capital, Folius Ventures, Mirana Ventures, Foresight Ventures, and other institutions. Additionally, its angel investors include Kaito founder Huyu and StepN co-founder Mable.

ChainCatcher news, according to The Block, NFT brand Yuga Labs announced on February 14 that it will sell the Meebits NFT series and its related intellectual property to the newly established Meebit Company (MeebCo).MeebCo plans to expand the Meebits series content, enhance community engagement, and launch new merchandise. Meebits has introduced a trading rewards program called Bits, and the royalties generated on the OpenSea platform will be distributed between the MeebCo team and project development.Yuga Labs stated that it will focus on the development of the Bored Ape Yacht Club NFT brand and the Otherside metaverse project, but Meebits will still maintain an important position within Otherside.

ChainCatcher news, Andre Cronje, co-founder of Sonic Labs (formerly Fantom), posted on the X platform stating, "In the past, we would argue over issues like a feature controlled by an external account that does not affect assets, or a contract controlled by multi-signature rather than time-lock. Now, presidents and nations are 'bottom-fishing' us in a completely illegal manner."When asked if he regrets returning to the crypto space, Cronje responded that this is simply a result of broader adoption, and the meme coin craze does not conflict with his work. "The participants in meme coins are a group that is completely indifferent to DeFi or even blockchain. So meme coins haven't taken away any attention because the participants were never part of our user base."

ChainCatcher news, according to a memo from the SEC, on February 5, 2025, staff from the crypto special action group met with representatives from Jito Labs and Multicoin Capital Management. The topics discussed by both parties were ways to address issues related to the regulation of crypto assets.Representatives from Jito Labs and Multicoin Capital Management provided accompanying documents that were discussed during the meeting. The accompanying documents indicated that the participants expected to discuss two main topics during the meeting: the ability to incorporate staking as a feature of ETPs; and potential models for staking in certain crypto asset ETPs.

ChainCatcher news, the emerging Web3 fund UFLY Labs has become a sponsor of the Consensus HK conference and will participate in multiple themed events.The founding team of UFLY Labs consists of successful entrepreneurs and professional investors. Their rich entrepreneurial experience and deep understanding of technological innovation enable UFLY Labs to provide portfolio projects with not only financial support but also strategic guidance, resource connections, and industry insights.Fund founders Sean and Neal stated that although the current market is sluggish, UFLY Labs is still actively positioning itself and focusing on AI and PayFi-related fields. The fund's investment scope covers the globe, with a particular focus on regions with active technological innovation such as North America, Europe, and Asia, while also enhancing the application of AI technology. By integrating with AI technologies like DeepSeek, they aim to further improve the scientific and precise nature of investment decisions.UFLY Labs will host a unique invitation-only dinner for founders on February 19, 2025, at 18:00 in Hong Kong—"UFLY Labs Founders' Night." This event will bring together innovative projects and investment institutions from various fields such as Infra, AI, BTCfi, Payfi, and Defi, aiming to promote deep cooperation and communication within the Web3 ecosystem.