ChainCatcher news, the financial platform FWX on the AVAX chain has announced the opening of permissionless deployment; it will allow tokens on the DEX to participate in leveraged trading and create lending markets for the DEX.It is reported that FWX is a decentralized platform based on EVM, providing two main services: Decentralized Derivatives Exchange (DDEX) and Lending Pool (LBP). The protocol employs an Automated Position Hedging mechanism (APH), which is an automated market maker (AMM) for futures that uses the liquidity in its pool to fully hedge the risks of all positions on the chain.

ChainCatcher news, the Web3 enterprise finance platform Integral announced a strategic investment from Coinbase Ventures and a partnership with Coinbase. Integral will provide accounting solutions for Coinbase Prime clients, covering assets held both internally and externally by Coinbase.Integral plans to use the funds to provide Prime clients with data covering all their assets and to develop complementary solutions, such as accounts receivable and accounts payable automation, to further facilitate Web3 business operations.According to the crypto data platform RootData, Integral announced the completion of a $8.5 million funding round last September, led by Electric Capital, with participation from former Coinbase CTO Balaji Srinivasan, Color Genomics co-founder Elad Gil, Hustle Fund, Mantis, Maple VC, Anchorage founder Diogo Monica, and Dapper Labs founder Roham Gharegozlou.

ChainCatcher news, on-chain analyst ZachXBT tweeted that the team behind the blockchain financial platform Fintoch is suspected of a Ponzi scheme. They defrauded users of 31.6 million USDT by exiting the BNB Chain, with funds bridged to multiple addresses on Tron and Ethereum. Users report being unable to withdraw.Fintoch promotes itself as a blockchain financial platform created by Morgan Stanley, claiming users can earn a 1% daily return on investment. However, the "Bobby Lambert" CEO mentioned on the website's team introduction page does not actually exist and is a paid actor. Previously, both the Singapore government and Morgan Stanley issued warnings about this investment scheme. (source link)

ChainCatcher news, the crypto finance platform Fractal announced the completion of a $6 million funding round, with investors including QCP, 6th Man Ventures, prototype, Blizzard, CMT Digital, Golden Tree Asset Management, CoinShares, and Spartan Group.It is reported that Fractal is dedicated to building a new platform to facilitate more transparent clearing and settlement of digital assets, eliminating the opacity in trading caused by leverage. (Source link)

ChainCatcher news, the open finance platform Syncfy announced that it has raised $10 million in seed funding, led by Point72 Ventures, with participation from JAM Fund, Ausum Ventures, Avalancha Ventures, FJ Labs, MANTIS Venture Capital, and XBTO Humla Ventures. This round of funding will be used for market expansion and to launch new products in data aggregation, data analysis, and payment infrastructure.It is reported that the Syncfy platform can access financial data from over 15 countries in Latin America and 125 different banks, digital wallets, tax authorities, utility providers, cryptocurrency exchanges, and blockchains through a single API. (source link)