fund

According to Coinglass data, the current 8-hour average funding rate for ETH across the network is -0.0052%. Among the current mainstream exchanges, the rate on Binance is 0.0018%, OKX is -0.0059%, Bybit is 0.0011%, and Gate is -0.0197%.

According to Coinglass data, the current 8-hour average funding rate for BTC across the network is -0.0118%. Among the current mainstream exchanges, the rate on Binance is -0.0107%, OKX is -0.0087%, Bybit is -0.0001%, and Gate is -0.023%.

According to Jinshi reports, Fed's Daly stated that the current federal funds rate is slightly tight, just above the neutral level of 3%.

Artificial intelligence company DeepSeek seeks to raise funds for the first time, with a valuation exceeding 10 billion dollars.

Polish Prime Minister Donald Tusk stated that a cryptocurrency company linked to "Russian gangs and intelligence agencies" is funding political opponents and influencing domestic cryptocurrency regulatory legislation.During a parliamentary vote on Friday, Tusk pointed out that some Polish politicians obstructing cryptocurrency regulatory legislation are serving the interests of a company named Zondacrypto, which is accused of providing "financial support" to political figures and has ties to Russia. Tusk further claimed that the company sponsored the CPAC (Conservative Political Action Conference) event held in Poland last year, during which former U.S. Secretary of Homeland Security Kristi Noem publicly supported President Karol Nawrocki's campaign. Tusk bluntly stated that the company's funding sources involve not only "money related to the Russian mafia (Bratva)" but may also be connected to Russian intelligence agencies.Meanwhile, President Nawrocki won the election in June last year, with support from former U.S. President Donald Trump. The president's office responded that it does not oppose cryptocurrency regulation itself but opposes the "flawed regulatory model" proposed by the government. This controversy arises amid the political tug-of-war in Poland over the cryptocurrency regulatory bill. The bill aims to align with the EU's MiCA (Markets in Crypto-Assets Regulation) framework, but the president previously vetoed the related bill and blocked parliament from overturning the veto in December, hindering the regulatory process.

The enterprise-focused digital banking platform Slash announced the completion of a $100 million Series C financing round, led by Ribbit Capital, with Goodwater Capital and Khosla Ventures co-leading. The post-money valuation is approximately $1.4 billion, with total financing reaching $160 million.Slash claims to serve over 5,000 corporate clients, offering features such as corporate accounts, virtual accounts, stablecoin payments, expense management, accounting automation, and real-time payments. The company stated it will use the new funds to accelerate product iteration and promote its strategy of "bank accounts as the financial command center for businesses."

The Nasdaq-listed Bitcoin mining company TeraWulf announced that it has completed the previously announced public offering of 54,510,000 shares of common stock, with an offering price of $19 per share, raising a total of $1,035,690,000. Morgan Stanley acted as the lead underwriter for this offering, while Bank of America Securities, Citigroup, TD Cowen, and Wells Fargo Securities served as co-managers.Citizens Capital Markets and Santander Bank acted as sub-underwriters, and Cantor Fitzgerald served as the equity capital markets advisor. TeraWulf plans to use the net proceeds from this offering to pay for a portion of the construction costs of its planned data center campus in Horse Cave, Kentucky, including the full repayment of outstanding amounts under its transitional credit facility, as well as for future site acquisitions and general corporate purposes.

According to Fortune, U.S. Senator Richard Blumenthal (Democrat, Connecticut) has sent a letter to the Department of Justice (DOJ) and the Financial Crimes Enforcement Network (FinCEN) requesting clarification on the status of two compliance supervisors at the world's largest cryptocurrency exchange, Binance.Previous reports indicated that internal investigators at Binance had warned executives that over $1 billion in funds were flowing to wallets associated with Iran, but were subsequently fired. Binance denies that the firings were related to the investigation results and claims that its compliance system is strict. Notably, the DOJ had previously terminated independent oversight requirements for Glencore and Boeing, raising concerns about whether the oversight mechanism has also been suspended for Binance. In 2023, Binance was fined $4.3 billion for deficiencies in anti-money laundering and sanctions compliance, and the two supervisors were part of the agreement at that time.

According to Coinglass data, the current 8-hour average funding rate for ETH across the network is 0.0004%. Among the current mainstream exchanges, the rate on Binance is 0.0007%, OKX is 0.0044%, Bybit is -0.0041%, and Gate is 0.0029%.

According to Coinglass data, the current average funding rate for BTC across the network over 8 hours is -0.0009%. Among the current mainstream exchanges, the rate on Binance is 0.0027%, OKX is -0.0004%, Bybit is -0.0017%, and Gate is -0.0024%.

According to CoinDesk, Bitcoin is currently priced at $74,700, down 0.4% in the last 24 hours. News of ceasefire negotiations between the U.S. and Iran has boosted risk sentiment, with the S&P 500 index reaching a record high on Thursday. Trump stated that the prospects for a permanent ceasefire between the U.S. and Iran "look very optimistic," claiming that Iran has agreed to abandon its nuclear ambitions, hand over nuclear materials, and reopen the Strait of Hormuz, although Iran has not yet confirmed these concessions.Meanwhile, the market is closely monitoring the structural signals behind Bitcoin's price movements. ZeroStack CEO Daniel Reis-Faria stated, "The funding rate is so negative that it indicates the market is heavily short. If Bitcoin continues to rise in this context, a large number of short positions may be forced to close, further accelerating the price upward." He predicts that if the short base is forced to cover, Bitcoin could reach $125,000 within the next 30 to 60 days.On-chain analyst CryptoVizArt provided another perspective: Bitcoin's "True Market Mean" (TMM) shows that the average cost basis of active holders is currently above the market price, indicating that holders are overall in a state of unrealized losses. Since 2016, consistently falling below this mean has often coincided with Bitcoin's most severe downturns, including the bear market from 2018 to 2019 (with a maximum drop of 57%, lasting 282 days) and the decline following the Luna and FTX collapses from 2022 to 2023 (with a maximum drop of 56%, lasting 339 days).Analysts point out that these two judgments are not mutually exclusive—the short squeeze triggered by the extremely negative funding rate and the structural pressure of overall unrealized losses among active holders can coexist. The former may trigger a significant rise, but ultimately could be absorbed by selling from the latter. The future market direction may depend on whether the U.S.-Iran ceasefire can be sustained after its expiration next week.

According to Cointelegraph, the Ethereum Foundation stated that its funded Ketman project identified 100 North Korean IT personnel lurking in Web3 organizations within six months and issued alerts to about 53 projects, indicating that they may have employed related personnel.The project focuses on the issue of "fake developers" in the cryptocurrency industry and is part of the ETH Rangers public safety funding program. Ketman also developed an open-source detection tool for identifying suspicious GitHub activity and collaborated with the Security Alliance to create an industry identification framework for recognizing North Korean IT personnel.

According to Bloomberg, Flow Capital Partners plans to launch its $150 million private credit fund on a blockchain platform based in Singapore by the end of this month, becoming one of the first asset management firms in Asia to leverage the growing liquidity of stablecoins.The alternative asset management company headquartered in Hong Kong will provide its master fund through DigiFT Tech Pte. and plans to raise an additional $30 million through tokenized shares by the end of this year. The company's Chief Investment Officer Jacky Tian stated that the goal is to expand the fund, which was launched in June, to $250 million by the end of the year.

The cryptocurrency fintech company Superstate has launched a new fund operating system, FundOS. FundOS opens the underlying infrastructure used by Superstate's own funds to asset management companies, helping traditional private equity funds, public funds, and ETFs achieve on-chain deployment.Managers do not need to change the existing fund operation methods and can independently choose the supported chains, DeFi protocols, and whether to enable stablecoin subscriptions/redemptions. Currently, FundOS has provided technical support for USTB and USCC, with a total managed scale exceeding 1 billion dollars, and has been adopted by Invesco US.

According to Cointelegraph, stablecoin issuer Circle is facing a class-action lawsuit in the U.S. District Court for the District of Massachusetts for failing to freeze the stolen funds from the Drift Protocol during the attack incident.The plaintiffs claim that the attacker transferred approximately $230 million USDC from Solana to Ethereum within hours using Circle's Cross-Chain Transfer Protocol (CCTP), and Circle did not intervene. The lawsuit accuses Circle of complicity and incitement to misappropriation and negligence. Crypto analytics firm Elliptic previously suspected that the attack may be related to North Korean-backed hackers, and the related funds were subsequently exchanged for ETH and transferred via Tornado Cash.

According to Coinglass data, the current 8-hour average funding rate for ETH across the network is 0.0005%. Among the current mainstream exchanges, the rate on Binance is 0.0008%, OKX is -0.0002%, Bybit is 0.0051%, and Gate is -0.0014%.

According to Coinglass data, the current average funding rate for BTC across the network over 8 hours is -0.0015%. Among the current mainstream exchanges, the rate on Binance is 0.0033%, OKX is 0.0009%, Bybit is 0.0019%, and Gate is -0.0028%.

According to Coinglass data, the current 8-hour average funding rate for ETH across the network is -0.0017%. Among the current mainstream exchanges, the funding rate for Binance is -0.0037%, OKX is -0.0042%, Bybit is -0.0066%, and Gate is 0.002%.

According to Coinglass data, the current 8-hour average funding rate for BTC across the network is -0.0023%. Among the current mainstream exchanges, the rate on Binance is -0.0022%, OKX is -0.0013%, Bybit is -0.0081%, and Gate is -0.003%.