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, Web3 development studio Mirai Labs has completed a $4 million seed round financing, led by Mechanism Capital, with participation from Oak Grove Ventures, Sophon Capital, Selini Capital, Bitscale Capital, Manifold, Rubik Capital, Protagonist, and Lhava.The company plans to use the new funding to strengthen its engineering team specializing in artificial intelligence, machine learning, and the programming language Rust. Additionally, it will soon publicly launch Partnr Vaults.Mirai Labs is developing a crypto-focused AI agent product called Partnr. Partnr allows AI agents to perform consumer-facing crypto tasks, such as managing wallets and understanding user needs over time. Partnr can connect trainable AI agents with consumers through Partnr Chat and enable vaults for consumers via Partnr Vaults, as well as enable on-chain execution capabilities for AI agents.

ChainCatcher news, the DeFi yield strategy platform Canopy announced the completion of a $1.2 million funding round, led by Mechanism Capital and CitizenX, with participation from Primitive, GSR, and Side Door Ventures.Canopy is a member of the Move Collective accelerator under Movement Labs, focusing on solving the issues of liquidity fragmentation and low yield efficiency in the DeFi space. The platform offers a one-stop yield strategy management service, integrating customized strategies and collaborative protocols to help users optimize their returns. Meanwhile, its reward distribution engine can automatically compound and optimize yield generation.

ChainCatcher news, Mechanism Capital co-founder Andrew Kang posted on social media that the investment logic of the $TRUMP token is very simple: meme coin trading mainly relies on attention, and Trump is the world's largest attention monopolist, a situation that will not change after the inauguration.Previously, Andrew Kang had stated that he believes the market capitalization of the $TRUMP token is expected to reach a circulating market cap of $100 billion and surpass Doge, as investing in the Trump brand is more easily accepted compared to investing in random dog coins.

ChainCatcher news, Mechanism Capital co-founder Andrew Kang posted on the X platform that the $TRUMP token is expected to reach a circulating market cap of $100 billion and a fully diluted valuation (FDV) of $500 billion, and it may surpass Dogecoin.He believes that investing in the $TRUMP token is more acceptable compared to investing in random Dogecoin. Although the token itself has no value, the precedent set by Dogecoin (DOGE) and Shiba Inu (SHIB) creating immense wealth during the last bull market, coupled with the current economic environment where funds are more abundant than in 2021, and Trump's global influence and large supporter base, may all drive the development of the $TRUMP token.

ChainCatcher message, Mechanism Capital partner Andrew Kang posted on X: "Since the launch of DOGE, TRUMP has become its first legitimate competitor.Trump is the only person in the world who has more mindshare than DOGE's main supporter Elon Musk.TRUMP $6 billion market cap vs DOGE $60 billion market cap."

ChainCatcher message, crypto industry figure Plazma (@Plazma0x) recently posted on X that it has been over 20 days since Robinhood listed PEPE, and he has already held 2.5% of the PEPE supply.Mechanism Capital partner Andrew Kang commented on this, stating: "This is equivalent to buying $50 billion worth of BTC in 3 weeks. Retail investors are buying a large amount of Meme coins from the market."

ChainCatcher news, Mechanism Capital partner Andrew Kang posted on X stating, "ARB has seen a huge rebound, but fundamentally it is still undervalued, trading at only a fraction of Sui, Avax, Tron, etc., while its trading volume and TVL are several times higher. Stylus allows developers to build using Rust/C++, and game deployment/Animechain as well as ongoing interoperability research seem to be the biggest drivers of future growth."

ChainCatcher news, according to The Block, the DeFi project DeFi.app has completed a $2 million seed round financing, with a valuation of $100 million. This round of financing was led by Mechanism Capital, with participation from Selini Capital, North Rock Digital, and about 50 angel investors. The financing was completed through a Simple Agreement for Future Tokens (SAFT) structure, reflecting the fully diluted valuation of DeFi.app's yet-to-be-launched native token HOME.DeFi.app aims to be the Robinhood of the DeFi space, dedicated to simplifying decentralized financial transactions while maintaining self-custody of assets. Users can perform one-click cross-chain transactions, access decentralized derivatives markets and yield opportunities, and are exempt from Gas fees, without the need for bridging or KYC verification.Founder Greer revealed that the platform's public beta will launch this month, with the mainnet and HOME token expected to be released in the first half of next year. Additionally, DeFi.app plans to conduct a token airdrop and expand its team size.

ChainCatcher news, Mechanism Capital partner Andrew Kang posted on social media: "If you believe the market will rise significantly from now on and that there will be overheating, then you must believe that the NFT market will make a comeback as a way for people to show off digitally.Memecoins have indeed siphoned off some speculative energy from the NFT market, but those who still hold NFTs are not in a hurry to sell. There is almost no supply in the market, so it only takes a small wave of enthusiasm to reignite momentum.Azuki is about to launch AnimeCoin, and other top projects may take similar actions, which could serve as catalysts.This is also why I think BLUR is a good choice, with significant upside potential in the future. With most unlocks already completed and the token not having experienced a major increase yet, it currently appears quite attractive as a bet on the overall NFT industry. Since its launch, BLUR has almost absorbed the entire market share of the NFT market."

ChainCatcher news, Mechanism Capital partner Andrew Kang posted on the X platform that MicroStrategy is being pushed up by BTC, with the premium rate continuously reaching new highs, which traditional finance cannot understand, and there is a certain degree of sluggishness towards the MicroStrategy model.

ChainCatcher news, Mechanism Capital co-founder Andrew Kang posted on X platform stating: "This may sound counterintuitive, but the best token economic model design for a project is to not set lock-up restrictions for investors and to allow as many tokens to circulate as possible from day one (excluding team and treasury shares).A 1-year lock-up period followed by a 3 to 4-year release period is a poor standard, stemming from a misunderstanding of capital markets and lazy replication of previous projects. In reality, longer unlock restrictions have little impact on investor participation after TGE; excellent investors will support the project regardless of whether the tokens are unlocked. The industry standard needs to change."

ChainCatcher news, Mechanism Capital co-founder Andrew Kang posted on X platform stating: "ETH leverage has risen to the levels seen during the ETF hype. Is there a good reason to explain that this phenomenon is driven by directionless long positions? If not, this will put pressure on ETH."

ChainCatcher news, Andrew Kang, co-founder and partner of the crypto venture capital firm Mechanism Capital, posted on social media, "It seems that Murad's speech at Token2049 catalyzed the next wave of capital reallocation into Meme coins.Popcat appears to be one of the beneficiaries of these capital flows and is currently undergoing price discovery.The four major Meme coins preparing to join this cycle are ------ BONK, WIF, PEPE, and FLOKI."

ChainCatcher news, Web3 AI immersive companion development company Nectar AI announced the completion of a $3.9 million financing round, led by Mechanism Capital and Karatage, with participation from Synergis, Maelstrom (Arthur Hayes), Builder Capital, Baboon and Decima, as well as crypto industry figures such as Dao5 co-founders Tekin Salimi and George Lambeth, and YGG co-founder Gabby Dizon. Nectar AI leverages generative AI and Web3 integration to build multimodal AI companions, allowing creators to have complete IP ownership of their assets and enabling permissionless monetization. The company plans to launch an on-chain AI agent protocol by the end of the year.

ChainCatcher news, Andrew Kang, co-founder and partner of the crypto venture capital firm Mechanism Capital, stated on social media that the market capitalization of altcoins (and ETH) should reach new highs in the new cycle, but that is not the case. Even if Bitcoin reaches a new high, it does not mean that altcoins will follow suit.This is the first cycle where the market capitalization of altcoins has reached a lower high. Altcoins will bottom out at some point in 2025, and the next wave will be driven by tokens related to decentralized AI infrastructure. AGI will require unstoppable communication, value transfer, training, computing/reasoning, energy markets, and data storage tracks.

ChainCatcher news, Mechanism Capital co-founder Andrew Kang posted on the X platform that the market seems to have a habit of providing discounts before favorable events. Kang stated that this is the second wave of major ETF inflows he has discussed since spring. Despite some macroeconomic uncertainties, the activation of Morgan Stanley's financial advisory team will at least provide a strong balancing effect. If the incentives for these advisors are sufficient, the market will see inflows similar to or greater than those at the Saylor level.