ChainCatcher news, Perena founder and former head of stablecoin operations at the Solana Foundation, Anna Yuan, posted on X: "Forever grateful to the angels (investors) who funded Perena today. Fundraising on a day like this is only suitable for those with a 'stable' mindset." Previously, it was reported that Perena completed approximately $3 million in Pre-Seed funding in December, led by Borderless Capital, with participation from Binance Labs, Primitive Ventures, ANAGRAM, Maelstrom, Breed VC, Temporal, ABCDE Labs, SevenX Ventures, Pivot Global, Miton, Graph Ventures, and others.

ChainCatcher news, Curve Finance founder Michael Egorov has launched a new project Yield Basis and raised $5 million at a valuation of $50 million. The project aims to help tokenized Bitcoin and Ethereum holders earn returns from market creation by mitigating impermanent loss.

ChainCatcher news, crypto blogger AB Kuai.Dong pointed out that the current crypto market is generally facing a liquidity shortage issue, except for Bitcoin. Many projects are forced to issue tokens at high prices due to overvaluation in the last round, in order to avoid early investors' rights protection. It is expected that new projects launched this year may face a decline of over 80%, with a $2 billion initial offering potentially dropping to $300 million, and a $700 million project possibly falling below $100 million. Projects with a market cap below $100 million that have not opened TGE node sales and public offerings face relatively less pressure, and this phenomenon may continue until the summer of 2025.Analysis indicates that not only retail investors but also institutions and node purchasers are adopting short-selling strategies for hedging after new coins are launched. The crypto VC industry may undergo a restructuring from the second half of 2025 to 2026. Influenced by the excessive returns of 2020-2021, a large influx of funds has led to investment managers' salaries rising to over $5,000 per month. As five-year funds are about to expire, some funds may be unable to complete a new round of fundraising due to investment returns falling short of expectations, leading to potential large-scale layoffs and salary cuts in the industry.

ChainCatcher news, Binance Labs posted on social media that with Changpeng Zhao's return and spending most of his time investing in the industry, he is eager to connect with existing and new founders and engage with projects on a personal level.In addition, Binance Labs is expanding its investment scope from primary market trading to any type of trading, including secondary market liquidity, over-the-counter trading, and more.

ChainCatcher news, Hong Kong Monetary Authority President Yu Weiwen stated that there will be "good news to share soon" regarding interconnectivity, the Greater Bay Area, and financial technology, and new developments in financial technology projects will be announced at the Hong Kong FinTech Week 2024 at the end of the month.Regarding the importance of developing tokenization in Hong Kong, Yu Weiwen said that if Hong Kong can become a pioneer in tokenization development and establish a mature technology, operation, and issuance system, then as tokenization becomes increasingly popular, "business will naturally gather here."

ChainCatcher message, UniSat posted on social media that the Fractal Bitcoin search function has been updated and now supports searching for .fb names, runes, and CAT20.

According to ChainCatcher news, the new projects launched on BNB Chain since September include:DeFi: Contango, ReHold, RNDM, SOFA;Games: DogeGoal AI, Tashi Protocol;AI: Memehub.AI;Infrastructure: Reclaim Protocol, Webacy;DeSoc: SELF Crypto.

ChainCatcher news, focusing on derivatives trading, the Layer 1 blockchain Vega Protocol has proposed to shut down the Vega Alpha mainnet chain and the VEGA token in the coming months, shifting its focus to the development and promotion of protocol software, and launching a new project called Nebula.Nebula plans to launch its own chain running the Vega protocol, and Nebula will have its own token NEB. VEGA token holders will have the opportunity to exchange VEGA for this new token, with VEGA holders being diluted to 5:1. Vega will reallocate the on-chain treasury to stakers and provide guaranteed USDT incentives to validators to keep the network running for the next two months, allowing users to withdraw funds from the Vega DEX. The related governance vote will end on September 6.

ChainCatcher news, Donald Trump Jr. stated during a live Q&A session on the subscription platform Locals that he personally likes Memecoins and this culture, but cannot conflate memes with the projects they are working on. The rumors related to Restore The Republic (RTR) and their project are "absolutely false," and the token is unrelated to the project he and Eric Trump are building. The project will be a non-Memecoin initiative aimed at long-term development, and they will make a direct announcement when they are ready.Donald Trump Jr. said, "What we want to do is take over most of the banking business, and this concept of decentralized finance is obviously very appealing to someone like me who has been deprived of funds by banks or unable to get insurance."

ChainCatcher news, Genesis Digital Assets Limited (GDA) has launched a new project in Norsjö, Sweden, utilizing the residual heat from one of its Bitcoin mining data centers to heat local garages.GDA operates 20 data centers with 600 megawatts (MW) of hash power and over 180,000 mining devices, and has partnered with Muttern Fastigheter to initiate a heating program. The project redirects waste heat from GDA's data center operations, providing 90,000 cubic meters of heated air at a rate of 52°C per hour in a 1,200 square meter garage, addressing the urgent needs of Västerbotten County, where temperatures can drop as low as -25°C.

ChainCatcher news, Tether CEO Paolo Ardoino posted on social media that Tether is preparing to launch a new open-source project, which will become an important part of Tether's future ecosystem.

ChainCatcher message, in response to Binance's recent rapid listing frequency and the bulk introduction of large-cap VC projects to the market, which has led to liquidity issues, Binance co-founder He Yi stated that the crypto market is a free market where liquidity and trading volume are shared among all trading platforms. Even if Binance does not list new projects, these projects still exist, and funds will be diverted to the entire industry.In addition to the unlocking of VC-invested projects, meme coins, on-chain shitcoins, yield farming, and Ponzi schemes will also divert liquidity. After the approval of ETFs, traditional financial market funds will also flow directly into the crypto space.She pointed out that some VCs do indeed lead to inflated prices, but VCs generally have a 7-year lock-up period, with the unlocking period usually one year after the TGE, so many VCs are also going bankrupt. Projects that secure large financing have more opportunities to navigate through the bubble cycle, but the price and governance model are determined by the project parties, which requires in-depth analysis.He Yi also mentioned that the rise of DeFi has increased market liquidity and freedom, making it more difficult for CEXs to set rules, which is precisely the charm of the free market in the crypto space. She reminded everyone to do their own research (DYOR).

ChainCatcher news, according to the South China Morning Post, Tether co-founder Brock Pierce stated that as the government seeks to attract the crypto industry back, he is considering a third return to Hong Kong to introduce a new venture. Brock Pierce did not disclose what his new venture will entail or whether Hong Kong will become its new headquarters.Brock Pierce co-founded the stablecoin Tether in Hong Kong ten years ago and sold his shares a year after the company was established. He first entered the virtual currency space by selling virtual currency traded in games through his internet gaming entertainment company founded in Hong Kong, Internet Gaming Entertainment. In 2012, he sold his other company, the video game community building company Zam, which was established in 2003, to Tencent Holdings.