DeFi Protocol INIT Capital Announces Listing on Blast | Cryptocurrency Trends

1. Mainstream Exchange Trends:

• Binance announces that due to increased trading volumes on the Solana (SOL) network, withdrawals may be suspended on an intermittent basis as of March 4, 2024 (UTC+8) for maintenance.
• Mainstream Exchange Listings (CEX: Token — Time of Listing in UTC)

2. Cryptocurrency Trends:

• Backpack announces that it will launch W trading on the token's issuance date.
• PYTH stakers decrease from 193,879 on February 27 to 191,361 today.
• According to the snapshot page, the Activate Uniswap Protocol Governance proposal has passed. The proposal's on-chain voting results will be released on March 8, according to the schedule.
• Bankrupt crypto lender BlockFi reaches a nearly $1 billion "in-principle" agreement with the estates of FTX and Alameda Research, according to a court filing, which could lead to full value recovery for BlockFi's customers.
• Cross-chain protocol Wormhole opens airdrop queries to determine the eligibility for snapshots of user on-chain activity on February 6, 11:59 PM (UTC).
• INIT Capital, a DeFi protocol, announces its listing on Blast and the launch of the Blast Phase 0: Blast Ultimate Boost event.
• EGGX, an ERC404 GameFi project, announces the launch of the ERC404P protocol, which is designed to explore the possibilities of ERC404 with a focus on GameFi.
• In a social media post, 10x Research (headed by founder and head of research Markus Thielen) states that it expects the Bitcoin bull market to continue without a big macro event that impacts the market's liquidity (through interest rate hikes or a stock market correction).

3. Financing Trends:

• Hedgehog, an on-chain transaction fee hedging protocol, raises $1.5 million in pre-seed round funding.
• Agio Rating, a crypto risk rating company, raises $4.6 million in two funding rounds from Superscrypt, Portage, MSAD Ventures, as well as several angel investors.

4. Regulatory Trends:

• Wu Jiezhuang, a member of the National Committee of the Chinese People's Political Consultative Conference (CPPCC) and the Legislative Council of the Hong Kong SAR, submits a proposal to the CPPCC, suggesting the construction of an international SME innovation Web3 financing platform in the Guangdong–Hong Kong–Macao Greater Bay Area, to promote China's specialized SMEs to "go global."