Mantle ecological DeFi project INIT Capital announced the completion of a US$3.1 million seed round of financing. Electric Capital and Mirana Ventures co-led the investment, and BitMEX founder Arthur Hayes’ family office Maelstrom, Robot Ventures, Nomad Capital, TANGENT, BanklessVC, Selini Capital and Faction participated in the investment . Pendle Lianchuang (@tn\_pendle), Ethena Labs founder Leptokurtic, Aevo Lianchuang Julian, Dragonfly’s Ashwin, MetaStreet founder David Choi, SCB 10X CEO Tai Panich and other investors also participated.

According to official news, Bybit Web3’s latest Inscription Launchpad project Tuna Chain (WOOG) has been launched. Tuna Chain is a Layer-2 solution operating on the Bitcoin network, providing service functions based on existing blockchain functions.

CoinList announced that it will hold a Masa community sale at 24:00 on March 7, 2024 (Beijing time). Masa is the world's largest decentralized personal data network, built on a dedicated Avalanche subnet, to help users control their data. This sale provides 63,554,660 MASA tokens (4% of the total supply) at a price of $0.079/token, with linear vesting in 6 months after 25% is unlocked for the first time. Registration ends on March 4th, and the purchase limit is $50 to $2000 (USDT/USDC). Masa uses zero-knowledge Soulbound tokens (zkSBTs) to achieve private data sharing and revenue.

Venture capital firm Hack VC plans to announce on Tuesday that it has raised a $150 million fund dedicated to the digital asset industry despite a sharp decline in funding for crypto startups last year.

Layer2 Network Blast announced on their official Twitter that they have received over 60 hours of video submissions for the upcoming Big Bang competition. Due to the sheer volume of submissions, winners will be revealed asynchronously and will be announced on Friday (February 23) instead of Wednesday as originally scheduled. In addition, Blast also pointed out that due to excessive submissions, the originally planned live broadcast event will be canceled and plans to increase the number of winners in each category, and the rewards allocated to the winners will also exceed the original plan.

Inflows into digital asset investment products totaled $2.45 billion last week, with weekly inflows hitting a record high and year-to-date inflows reaching $5.2 billion. These inflows, coupled with recent positive price action, pushed total assets under management (AuM) to $67 billion, the highest level since December 2021. Regionally, the United States dominates, accounting for 99% of inflows, totaling $2.4 billion. Other regions such as Germany and Switzerland saw inflows of $13 million and $1 million respectively, while outflows from Sweden totaled $2 million.

Abraxas Capital Management is suspected of selling 5,002 Ethereum (ETH), with a transaction value of approximately $14.12 million. Seven hours ago, the institution withdrew its pledged 3,640 ETH from Lido and 2,240 ETH from Compound, which were then fully deposited into the cryptocurrency exchange Bitfinex.

Coinglass data shows that the current open positions of Bitcoin futures contracts across the entire network are 458,600 BTC (approximately US$23.72 billion). Among them, the open interest of Bitcoin futures on the Chicago Mercantile Exchange (CME) has reached 130,710 BTC (approximately 6.75 billion US dollars), a record high, ranking first; the open position of Binance Bitcoin contract is 112,950 BTC BTC (approximately $5.84 billion), ranked second.

Global Millennial Capital Ltd. (GMCL), a venture capital institution that introduces data science concepts into the traditional investment process, announced that its first US$20 million venture capital fund has successfully closed in an oversubscribed private subscription round. The fund, led by Qatar’s Al Attiyah Family Office, will invest in highly scalable, intellectual property-focused technology businesses. GMCL uses data-driven research methods to identify investment opportunities in the global technology sector and reduce investment bias. The company was founded in 2021 and has invested in 15 early-stage growth technology companies, covering decentralized finance, blockchain technology and other fields. GMCL also adopts a "profit and purpose" investment model that emphasizes the impact on social and financial inclusion by quantifying the tangible and intangible effects of investments, supporting the construction of technology companies that can change the way the new digital economy interacts.