ChainCatcher news, according to DBA co-founder Jon Charbonneau's analysis, when Ethereum and Solana reached their all-time high prices, their network revenues also peaked simultaneously, and their valuation multiples were close. Ethereum peaked in November 2021, with an annualized network revenue of approximately $21.9 billion, an FDV of $578.71 billion, and a multiple of 26.42x; Solana peaked in January 2025, with an annualized network revenue of approximately $6.61 billion, an FDV of $177 billion, and a multiple of 26.77x.

ChainCatcher news, according to Cointelegraph, 10T Holdings CEO Dan Tapiero stated at the Consensus conference that there is a widespread issue of overvaluation among current cryptocurrency startups, with many companies seeking funding at valuations 50-80 times their revenue, far exceeding reasonable limits. The firm has thus rejected over 200 projects, including well-known companies like the bankrupt FTX, BlockFi, and Celsius. Tapiero indicated that they prefer to invest in projects with valuations between $400 million and $500 million, with a valuation-to-revenue ratio not exceeding 10 times.Market data shows that despite concerns about valuation bubbles, the total amount of venture capital transactions in the cryptocurrency sector reached $6 billion in the first quarter of 2025, a more than 100% increase quarter-over-quarter. Pantera Capital CEO Dan Morehead shared his investment strategy at the conference, noting that 86% of their investment projects have achieved positive returns, with 22 becoming unicorn companies. Morehead suggested adopting a diversified strategy of equity and token combination investments to mitigate market volatility risks.Industry analysts pointed out that the current cryptocurrency financing market shows a clear trend of differentiation: on one hand, overvalued projects face difficulties in securing funding, while on the other hand, high-quality projects continue to attract capital. This pattern reflects investors' increasingly rational judgments regarding project quality and valuation.

ChainCatcher news, Cygnus officially released the project report for April 2025. In the past month, Cygnus's total value locked (TVL) has grown by over 20% again, achieving a cumulative growth of 500% over the past six months, rising from $200 million to over $1 billion. During this period, Cygnus has engaged in deep collaborations with several important partners, including HashKey Cloud, Lorenzo Protocol, B² Network, and Sky Ecosystem.In addition, to encourage multidimensional community contributions (including development, content creation, community operation, etc.), Cygnus has launched a community contribution airdrop evaluation system to achieve fair airdrop distribution.As the first Web3 Instagram application layer, Cygnus InstaPlay also set a historical high of 908 million visits in March.Cygnus is the Web3 Instagram application layer and modular real yield layer, which is bringing over 2 billion Instagram users into Web3. It has pioneered the rapidly growing Cygnus InstaPlay Hub and continues to expand into the creator economy, data ownership, and AI integration fields. Currently, the user base of the Instagram application layer has surpassed 7.3 million, with daily active users (DAU) exceeding 1 million.

ChainCatcher news, Elon Musk's AI startup xAI is in talks for a new round of financing, with a valuation potentially rising to $120 billion, a significant increase from $80 billion in March. Investors are discussing a financing amount of about $20 billion.Previously, Musk sold the social platform X to xAI in an all-stock deal, deeply integrating the operations of both. xAI's chatbot Grok is trained on user data from the X platform and contributes a portion of revenue to X. This round of financing follows OpenAI's announcement of completing a financing round with a valuation of $300 billion.

ChainCatcher news, according to Crowdfund Insider, digital bank Revolut has rejected an investment proposal that valued the company at approximately $65 billion. Previously, in a secondary share sale in 2024, the company was valued at $45 billion.The report states that Revolut is expanding its business into the telecommunications industry and plans to launch its own mobile communication package service. The company has also introduced an employee incentive program called "Karma," which tracks and rewards employee performance through a points system.

ChainCatcher news, according to Bloomberg, Elon Musk's XAI Holdings is in talks with investors to raise about $20 billion for its newly merged artificial intelligence and social media business.Insiders revealed that if the deal is completed, the company's valuation will exceed $120 billion, making it the second-largest funding round for a startup in history, following OpenAI's $40 billion funding earlier this year.

ChainCatcher news, the AI agent project Manus under Butterfly Effect announced the completion of a $75 million financing round, led by Benchmark, with existing investors continuing to participate, valuing the project at $500 million. The project is dedicated to developing intelligent agents that can substitute for daily tasks and is currently planning to expand its services to markets in the United States, Japan, and the Middle East.

ChainCatcher news, according to official sources, digital asset infrastructure company Treehouse has completed a round of strategic financing, with a valuation of 400 million USD.This round was led by the venture capital arm of a large financial services institution managing over 500 billion USD in assets, in collaboration with several well-known investors from both the cryptocurrency and traditional finance sectors. Angel investors include Jordi Alexander (Selini), Guy Young (Ethena), Darius Sit (QCP), Rich Teo (Paxos), Matthew Tan (Etherscan), Michael Ashby (Algoquant), Mirko Schmiedl (Staking Rewards), Jack Yang (LTP), Benedict Chan (Chainlink), as well as key contributors from Lido and EtherFi.This financing round builds on Treehouse's 18 million USD seed round, which received support from several large institutions including Binance, Lightspeed, Jump Capital, Mirana Ventures, Wintermute, and GSR.According to the Web3 asset data platform RootData, [Treehouse](https://www.rootdata.com/zh/Projects/detail/TreeHouse Finance?k=NDg3Ng== "Digital Asset Data Company") is a digital asset data company focused on institutional-grade portfolio, protocol, and market analysis. The company's flagship product, Hyperion, is the most comprehensive portfolio management and market intelligence platform, providing institutional investors and professional traders with complete control over their digital assets. The platform features over 30 portfolio and market widgets for personalized dashboard visualization, redefining how financial professionals monitor trends in the cryptocurrency space and analyze their portfolio risks and performance.

ChainCatcher news, Open AI co-founder Ilya Sutskever's artificial intelligence startup Safe Superintelligence (SSI) has raised $2 billion in its latest funding round, with its valuation skyrocketing to $3.2 billion. Founded just a year ago, the company currently has no products but has attracted the attention of well-known venture capital firms such as Greenoaks, Lightspeed Venture Partners, and Andreessen Horowitz.SSI is dedicated to developing AI models that are more powerful than competitors like Open AI, Anthropic, and Google, with offices in Palo Alto, California, and Tel Aviv, Israel.

ChainCatcher news, according to Forbes, in the latest move as traditional financial institutions increasingly embrace blockchain and tokenized assets, banking giant Bank of New York Mellon (BNY) has partnered with BlackRock to launch a real-time reporting tool—Digital Assets Data Insights.The collaboration between these two financial giants to develop on-chain valuation and reporting tools is expected to have a significant impact on discussions around accounting and reporting for cryptocurrencies. In short, the tool will allow for the direct publication of Net Asset Value (NAV) data onto selected blockchains without relying on third-party accounting services.Benefits associated with this tool include: Bank of New York Mellon being able to directly publish NAV data on-chain; enhanced credibility of tokenized funds due to increased transparency and real-time information; and other products benefiting from a more comprehensive toolkit tailored specifically for tokenized information.

ChainCatcher news, according to Bloomberg citing informed sources, a subsidiary of Japan's financial services group SBI Holdings Inc. is considering selling a minority stake in cryptocurrency market maker B2C2, with a potential transaction value of $100 million. The company is currently in discussions with several potential buyers. Due to the private nature of the negotiations, the sources wished to remain anonymous. A spokesperson for SBI Holdings denied that the company is considering selling part of its stake in B2C2. A representative for B2C2 declined to comment.

ChainCatcher news, according to Cointelegraph, despite the SOL price dropping by 9% from March 28 to April 4, the on-chain metrics of Solana continue to strengthen. On April 2, the total value locked (TVL) in Solana's DApps reached 53.8 million SOL, setting a new high since June 2022, amounting to 6.5 billion USD, leading BNB Chain by about 780 million USD. Major DApps include Jito, Jupiter, and Kamino. During the same period, DEX trading volume showed strength, with Solana capturing a 24% market share, surpassing BNB Chain (12%) and Base (10%). However, the unlocking of 1.79 million SOL on April 4 released significant selling pressure, coupled with the waning popularity of memecoins, leading to uncertainty in short-term price rebounds. Despite facing MEV controversies, Solana continues to gain support from developers and users in terms of underlying scalability and Web3 experience, solidifying its second position among decentralized platforms.

ChainCatcher news, according to Cointelegraph, due to escalating concerns over U.S. President Trump's tariffs, the U.S. stock market lost $3.25 trillion on April 4, which is about $570 billion higher than the entire cryptocurrency market's valuation of $2.68 trillion. TradingView data shows that among the seven major stocks, Tesla (TSLA) led the decline on that day, falling 10.42%, followed by Nvidia (NVDA) down 7.36%, and Apple (AAPL) down 7.29%.

ChainCatcher news, investment company Republic will acquire crypto trading platform operator INX Digital (INXDF) at a valuation of up to $60 million.It is reported that Republic's subsidiary Republic Strategic Acquisition will acquire all issued shares of INX. The transaction is expected to be completed within eight months, subject to closing conditions.