ChainCatcher news, the UK crypto trading platform Archax has provided access to a money market fund of the UK asset management company abrdn in a tokenized form on the decentralized blockchain XRP Ledger (XRPL). This fund is part of abrdn's £3.8 billion liquidity fund and is the first tokenized money market fund on the XRPL.

ChainCatcher news, according to Businesswire, the venture capital firm Theory Venture, which focuses on early software investments in the fields of data, artificial intelligence, and Web3, announced that after launching its first fund of $238 million in April 2023, it has completed fundraising of $450 million for its second fund, which will further expand support for innovators.The new fund will focus on three areas: data analytics, artificial intelligence as a new platform, and decentralized infrastructure as a database. Since launching its first fund, Theory has led investments in companies such as Context.ai, Initia, Superlinked, and Tobiko Data, and has opened a new office in San Francisco.

ChainCatcher message, IntoTheBlock data shows that the funding rate for perpetual swap contracts has soared to over 10%, with some major exchanges even reaching 20%.Such high costs indicate that traders' bullish sentiment is on the rise, and although it is still below the peak in the first quarter, sustained demand may suggest overheating speculation.

According to ChainCatcher's message, monitored by on-chain data analyst Yu Jin, the ZKasino address started to misappropriate "funds prepared to be returned to users" for on-chain leveraged long positions on ETH 7 hours ago. They deposited 5,270 ETH into Aave as collateral to borrow 11.589 million DAI, and then increased their position by 3,500 ETH.

ChainCatcher news, according to Bloomberg, the Alpha Long Biased strategy fund under investment management company Pythagoras has performed remarkably since its launch, with a year-to-date increase of 230% (206% after fees), consistently outperforming Bitcoin except for two months. The fund was launched a few weeks before the approval of the spot Bitcoin ETF in January 2024.The fund's investment portfolio employs a tri-partite allocation: one-third is allocated to core Bitcoin holdings, one-third utilizes a trend-following strategy (which can flexibly adjust to 2x leverage based on market conditions), and the remaining one-third is allocated to market-neutral, beta-neutral, and dollar-neutral long-short strategies. The fund's founder, Mitchell Dong, stated that the product aims to provide investors with an investment option superior to the spot Bitcoin ETF.

ChainCatcher news, Accolade Partners, based in Washington D.C., announced that it has raised $202 million for its latest "fund of funds," which will focus on blockchain and cryptocurrency investments. The fund is named Accolade Partners Blockchain III and completed its fundraising in October of this year, but the company only announced the news recently.It is reported that Accolade's portfolio includes 1kx, Archetype, Framework Ventures, Parafi, Portal, Reverie, and Varrock.

ChainCatcher news, South Korean virtual asset exchange Upbit announced that it has refunded approximately 8.5 billion won (about 6.07 million USD) to around 380 victims of telecom fraud. The operator Dunamu utilized a real-time abnormal transaction monitoring system (FDS) to freeze the affected funds and collaborated with the Seoul Metropolitan Police Agency to advance the refund process. In February of this year, refunds of about 5 billion won were made to 246 victims, and this time an additional 3.5 billion won was refunded to 134 victims.Upbit stated that it will continue to strengthen monitoring and collaboration to protect user assets from telecom fraud.

ChainCatcher news, according to The Block, the market-based news and entertainment platform Truemarkets has raised over $4 million through a public NFT sale, raising $4.03 million by selling 15,071 NFTs, with a minting fee of 0.08 ETH (approximately $250) per NFT. Ethereum co-founder Vitalik Buterin purchased 400 of these NFTs, spending a total of 32 ETH (approximately $107,000).Truemarkets allows users to bet on real-world events. Truemarkets has two types of NFTs: Oracle Patron NFT and Truth Seeker NFT. NFT holders are eligible to claim the upcoming asset TRUE tokens in the platform's token generation event.

ChainCatcher news, Coinbase Wallet announced on X the launch of the USDC Rewards feature, where users can earn a 4.7% APY just by holding USDC in their on-chain wallet. This means that users' funds will remain liquid and available for use at any time; users should update the mobile app to the latest version and then navigate to their USDC balance to get started.It is reported that this feature is available in most regions worldwide and will be rolled out to U.S. users this week. Rewards will be paid on Base during the first week of each month, directly deposited into users' wallets.

ChainCatcher news, the decentralized gamer network KGeN (Kratos Gamer Network) announced the completion of a $10 million ecosystem round financing, led by Aptos Labs, with participation from Polygon and Game7, bringing its total funding to $30 million.It is reported that the Kratos gamer network primarily operates in India, Brazil, Nigeria, Southeast Asia, and the Middle East and North Africa.Additionally, the Web3 asset data platform RootData shows that since 2022, Kratos Studios' mission has been to bring millions of micro gaming communities in emerging markets into Web3 to create the most powerful POG (Player Owned Game) engine and the Kratos gaming network (KGeN). The POG engine will enable gamers and game developers worldwide to interact seamlessly with each other through the multi-chain gaming data network KGEN.

ChainCatcher news, according to Arkham monitoring, the BlackRock BUIDL Fund transferred 2.972 million USDC to Ondo Finance in the past two hours.

ChainCatcher news, Galaxy Research analyzed the growth of the Bitcoin L2 ecosystem in its latest report for 2024, pointing out that as of now, venture capital in the Bitcoin L2 space has reached $447 million, with 39% of the investments occurring in the first three quarters of 2024. From January to September 2024, Bitcoin L2 projects secured $174 million in funding. Of this, $105 million went to sidechain projects, while $63 million went to rollups projects.Galaxy estimates that by 2030, approximately $47 billion in Bitcoin liquidity could flow into the Bitcoin L2 network. The agency believes that before 2024, traditional crypto venture capital firms (excluding those focused on Bitcoin) had limited involvement in the Bitcoin ecosystem. As the ecosystem matures, crypto venture capital firms will continue to deploy funds into Bitcoin L2 projects.

ChainCatcher news, according to The Block, the developer of the modular DEX protocol Valantis, Valantis Labs, has completed a $7.5 million Pre-Seed and Seed round financing.Deven Matthews, co-founder of Valantis Labs, stated that they completed a $3.5 million Pre-seed financing in April 2023, with Cyber Fund and Kraken Ventures co-leading the Pre-seed financing, which was valued at $20 million. In September 2024, they completed a $4 million Seed round financing, with SevenX Ventures leading the Seed round, raising the valuation to $40 million. Other participants included Semantic Ventures, Figment Capital, Robot Ventures, Anthony Sassano, and Sandeep Nailwal.Valantis provides a modular framework that helps developers build decentralized trading platforms through composable "modules."

ChainCatcher news, according to financefeeds, Web3 investors and market makers DWF Labs have launched a $20 million Meme fund to support innovative memecoin projects across multiple blockchains.DWF Labs has previously collaborated with tokens such as Floki, Turbo, Simon's Cat, Neiro Ethereum, and First Neiro on Ethereum. The Meme fund aims to provide financial and strategic support to projects that demonstrate strong community engagement, unique value, and global impact potential.DWF Labs Executive Partner Andrei Grachev stated, "Memecoins are a powerful cultural force in the cryptocurrency space, often uniting communities around shared humor and creativity. The Meme fund is our way of supporting this vibrant industry and empowering developers and communities to turn their ideas into impactful projects."

ChainCatcher news, according to official sources, Canadian investment fund SOL Global Investments announced that it has entered into an agreement with Canaccord Genuity Corp. and Clarus Securities Inc. as co-lead underwriters and co-book runners, representing a group of underwriters.Under the agreement, the underwriters will offer up to 18 million shares of the company at an issue price of $0.20 per share on a "best efforts" basis; this issuance will bring the company a maximum total fundraising amount of $3.6 million. The company plans to use the net proceeds from the issuance to purchase Solana tokens through cryptocurrency exchanges at current market prices.At the same time, the company clarified that the Solana tokens acquired from the net proceeds of the issuance will not be used as collateral for any current or future secured debt of the company.

ChainCatcher news, according to Coindesk, the UK compliant crypto exchange Archax has announced that it will offer tokenized money market funds supported by State Street, Fidelity International, and Legal & General Investment Management (LGIM).The first batch of tokenized assets will be issued on the Hedera Hashgraph, XRPL, and Arbitrum blockchains, and will represent asset ownership through tokenized rights held by customers. In the future, Archax also plans to add more types of fund products. It is worth mentioning that traditional financial giants such as BlackRock, Franklin Templeton, and Abrdn have also launched tokenized funds.Previous news, Archax has also acquired the Spanish brokerage firm King & Shaxson Capital Markets (KSCM), and the deal is pending approval from Spanish regulatory authorities.

ChainCatcher news, Slow Mist founder Yu Xian posted on X stating that a user encountered a phishing attack with a wallet address similar to their own, mistakenly transferring 129 million USDT to the phishing address. However, the phishing gang returned 90% of the amount within less than an hour, and then after more than 4 hours, they returned the remaining 10% as well.

ChainCatcher news, Strategas ETF strategist Todd Sohn stated that the launch of Bitcoin ETF options could trigger the emergence of new funds for these options. He explained, "Grayscale has already applied for a covered call option fund, and I believe BlackRock will also apply. Then the related market will gain some buffer, and any other trend-following strategies that come to mind will be implemented. I think the crypto options ecosystem will really start to take off from here."

ChainCatcher news, Rumble CEO Chris Pavlovski expressed interest in adopting a Bitcoin funding strategy, leading to an increase in Rumble (RUM) stock price during Tuesday's afternoon trading session in the U.S.Pavlovski asked on X: "Should Rumble add Bitcoin to its balance sheet?" MicroStrategy (MSTR) CEO Michael Saylor replied: "Yes, I would love to discuss why and how with you."It is reported that Rumble's revenue for the third quarter was $25.1 million, a 39% increase compared to the same period last year. Its balance sheet shows cash and cash equivalents of $130.8 million. Year to date, the company's stock price has risen 26%, with a current market capitalization of approximately $1.6 billion.