ChainCatcher news, according to CoinDesk, after Binance added AVAX as a cashback option for its Bybit Card product, TheTie data shows that in the past 24 hours, a total of 3,898 wallets on the Avalanche blockchain have increased their holdings of Wrapped AVAX (WAVAX), nearly double the recent average of 1,600 increasing wallets. However, whether this buying activity will translate into price stability or a rebound remains to be seen.It is reported that WAVAX can achieve broader compatibility in DeFi applications. The increasing number of wallets holding WAVAX may indicate that users are preparing for future DeFi activities. The DeFi ecosystem of Avalanche includes major protocols such as Aave and Lido, and although its TVL has slightly decreased in the past few months, the network's trading volume has been steadily growing.

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 TheBlock, the DeFi project Defi.App announced the completion of a $4 million funding round, with venture capital firms contributing $2 million, led by Mechanism Capital, with participation from DCF Capital Partners, Balaji Srinivasan, and Pentoshi.It is reported that later this month, Defi.App plans to conduct a public token sale for non-U.S. KYC users.

ChainCatcher news, according to Jinshi reports, Musk called on Thursday to "remove all agencies" from the U.S. federal government.Since taking on the role of Minister of "Government Efficiency" with Trump's support, Musk has consolidated control over most government departments. Musk made the above remarks at the World Government Summit held in the UAE, wearing a black T-shirt that read "Tech Support." He joked that he was "the tech support for the White House." "How many agencies does it take to govern a country? 99? Definitely not 450." "I think we really need to eliminate entire agencies, rather than leaving a lot of them," Musk said. "If we don't get to the root of the problem, then the weeds can easily grow back."

ChainCatcher news, according to market data from RootData, the BakerySwap token (BAKE) has increased by 91.62% in the last 24 hours, currently priced at $0.292.According to the Web3 asset data platform RootData, BakerySwap is an integrated DeFi platform that provides both AMM and NFT market solutions in one place.

ChainCatcher news, DeFi oracle RedStone Oracles has released the RED token economics. The total supply of RED is 1 billion, of which 48.3% will be allocated to the ecosystem and community (10% will be used for protocol development, 28.3% will be used for ecosystem and data providers, 10% will be used for community and genesis distribution), 20% will be allocated to core builders, and 31.7% will be allocated to early supporters.

ChainCatcher news, according to official news from InfiniFi, the project has completed a $3 million pre-seed funding round. This round was led by Electric Capital, with participation from institutions such as New Form Capital, Kraynos Capital, and Baboon VC. InfiniFi plans to launch a dollar-pegged Deposit Receipt Token (DRT) in the second quarter of 2025 and will integrate with protocols such as AAVE, Pendle, and Ethena.

ChainCatcher news, Nate Geraci, president of The ETF Store, stated on social media that Schwab plans to extend retail stock and ETF trading hours to five days a week, 24 hours a day. Geraci noted that this initiative shows traditional finance is gradually moving towards the trading model of decentralized finance (DeFi), which may lead to full securities tokenization in the long run.Geraci further pointed out that, although there are opinions suggesting that investors should not be allowed to trade at any time, the new generation of investors values accessibility to trading more than arbitrary restrictions set based on personal opinions.

ChainCatcher news, according to The Block, the cryptocurrency market indices have retraced their gains following the U.S. elections. Among them, the GMMEME and GMAI indices have fallen by 60% and 56% respectively from their peaks in December 2024.In contrast, the U.S. and DeFi-related indices have shown more resilience. The GMUS index, representing U.S. native protocols (including SOL, XRP, DOGE, etc.), has only dropped 29% from its peak in January 2025; the GMDEFI index (including LINK, UNI, AAVE, etc.) has decreased by 38% from its peak in December.The GM30 index (representing the top 30 cryptocurrencies) has seen a decline of 24%, mainly due to the price stability of Bitcoin, XRP, and BNB. Data shows that since early December 2024, the TOTAL2 index has fallen by 28%, while Bitcoin has only decreased by 6%, with Bitcoin's market cap share increasing by 13%.

ChainCatcher news, according to The Block, based on GMCI index data, the Meme and AI token sectors have experienced the most severe declines during the recent market adjustment, with the GMMEME and GMAI indices down 60% and 56% respectively from their peaks in December 2024. Additionally, several sectors such as GML2, GMDEPIN, GMGM, and GMSOLMEME have returned to levels seen before the U.S. elections.In contrast, the U.S. concept (GMUSA) and DeFi (GMDEFI) indices have shown relatively robust performance. The GMUSA index has only retraced 29% from its peak in January 2025, covering projects like SOL, XRP, DOGE, ADA, LINK, LTC, and XLM. The GMDEFI index is down 38% from its December peak, but still outperforms the Meme and AI tokens. The GMDEFI components include LINK, OM, UNI, ONDO, AAVE, and MKR.Overall market-wise, the GM30 index (top 30 cryptocurrencies) has fallen 24% since December, primarily supported by the relative stability of BTC, XRP, and BNB, while other altcoins have generally weakened. BTC dominance (BTC.D) has increased by 13%, indicating that funds are concentrating towards Bitcoin, reflecting a massive sell-off in the altcoin market.

ChainCatcher news, the DeFi platform Legends has completed a $15 million funding round, with participation from a16z and Coinbase Ventures. The company will use the funds raised in this round to accelerate the development of the Legend application by expanding the team and focusing on marketing.Legend is currently in the testing phase, with the company's focus on launching in the Apple App Store and building a reliable user base. In the future, it plans to generate revenue through subscriptions. Legend will aim to become a self-custody wallet, allowing users to have complete control over the digital wallet of their held cryptocurrencies.

ChainCatcher news, DeFi asset management platform UFarm.Digital announced the completion of a $500,000 early seed round financing. The platform launched on the Arbitrum blockchain, and the new funds will be used to build a privacy-centric privacy layer and support cross-chain capabilities. Additionally, its roadmap reveals plans to explore zero-knowledge proof (ZKP) technology for KYC verification.

ChainCatcher news, Base protocol head Jesse Pollak stated on social media, "I hope Coinbase can list as many tokens as possible, including tokens from Base and other networks.More launch projects, more potential stocks, more meme coins, more utility tokens, more cultural tokens, more DeFi tokens, more networks. Everything needs to be more. There is scarcity in the current model, and we need abundance. This is the highest priority.Regarding how to expand this: adopting a blacklist system (instead of a whitelist system) for DEX integration, user reviews. But this takes time, and in the meantime, the Coinbase Assets team is also scaling up and improving to list as many tokens as possible."