Stakes

The full-chain liquidity asset protocol StakeStone has completed a $22 million financing round, led by Polychain Capital, with strategic investments from Binance Labs and OKX Ventures

ChainCatcher news, according to Bitcoin.com, the full-chain liquidity asset protocol StakeStone announced the completion of a $22 million financing round led by Polychain Capital. This financing also includes strategic investments from Binance Labs and OKX Ventures, with the seed round led by SevenX and participation from Nomad Capital, HashKey Capital, HashKey Cloud, Amber Group, Coinsummer, Bankless Ventures, DAO5, Symbolic Capital, Arcane Group, Quantstamp, and others. This financing will drive StakeStone to achieve accelerated growth while expanding its product services and strengthening its influence in key markets.StakeStone is committed to building the first liquidity ETH/BTC asset standard based on a highly scalable staking network, which supports a risk-free consensus layer for various native assets. With the support of this financing round, StakeStone has also launched its liquidity BTC products, including liquidity index BTC ------ SBTC and interest-bearing liquidity BTC ------ STONEBTC, to enhance the application of native BTC in the EVM ecosystem and other blockchain networks. StakeStone aims to drive real applications by providing high-utilization liquidity, empowering ecosystem partners and DeFi protocols such as Berachain, Movement Labs, Monad, Plume Network, Corn, Pendle, and AAVE DAO.StakeStone will also launch payment products, providing flexible savings account features based on its interest-bearing liquidity ETH asset STONE, while offering a "buy now, pay later" (BNPL) option to bring greater transaction flexibility to users. Leveraging the real-time processing capabilities of MegaETH, this product aims to establish a sustainable model that drives real-world applications and supports large-scale adoption."We are very happy to collaborate with the world's leading crypto funds to build a new generation of full-chain liquidity infrastructure," said Charles K, co-founder of StakeStone. "Their expertise and support are crucial for our ongoing innovation and the global adoption of our products. At the same time, through this financing, we are committed to bringing decentralized finance into the real world. Together with the next generation of high-performance blockchain networks, we aim to increase the number of users served from hundreds of thousands to tens of millions or even hundreds of millions through RWAFi and PayFi, pushing the crypto industry into the era of super applications."

CryptoQuant CEO: The industry should view Zhao Changpeng with a new perspective after his release, as his achievements far outweigh his mistakes

ChainCatcher news, CryptoQuant CEO Ki Young Ju posted on social media that Zhao Changpeng should not be underestimated and deserves respect.When the intrinsic value of an industry is lower than the capital it absorbs, society often views it as a "sin." In this case, those labeled as "sinners" are the individuals who build and participate in this industry. Society lists the most influential figures as the main culprits, believing they should be responsible for the industry's failure to develop properly. Although many have made mistakes, only a few atone for the "sins" of this industry.From the perspective of a mature society, the crypto industry bears many "evils." It has absorbed massive capital, yet its intrinsic value has not grown correspondingly. Like other young and immature industries, crime is rampant—this is one of the growing pains it faces.Binance co-founder and former CEO Zhao Changpeng will end his four-month detention. While he has indeed made mistakes, his detention also carries an alternative meaning, representing the growing pains of the industry. Zhao Changpeng is a respected businessman. Without Binance, the cryptocurrency industry would not have attracted the immense global liquidity it has today.It is crucial to clearly distinguish his merits from his faults. "In my opinion, Zhao Changpeng's achievements far outweigh his mistakes. He has paid fines, and his detention period is about to end. The industry should start to view him with a fresh perspective."
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