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Solana staking protocol Fragmetric completes $7 million seed round

2025.02.07 23:40:18

On February 7th, the Solana re-staking protocol, Fragmetric, announced the completion of a $7 million seed round of financing. This round was led by Finality Capital Partners and Hashed. Institutions such as Hypersphere, Presto Labs, Bitscale Capital, Halo Capital, and Flowdesk participated. Additionally, it received support from several angel investors within the Solana and restaking ecosystems. Fragmetric intends to achieve precise distribution of NCN (Node Consensus Network) rewards in the Solana ecosystem. It aims to provide a more efficient capital utilization solution for Solana LST (Liquid Staking Token) while enhancing network security and decentralization.
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In the past 1 hour, the total amount liquidated across the network was $776 million, pushing the 24-hour liquidation total to $1.742 billion.

As of January 30, Coinglass data shows total forced liquidations across the crypto network hit $776 million in the past hour—with long positions accounting for $766 million of that total. Over the past 24 hours, 274,884 global traders have faced liquidation, totaling $1.742 billion in value. The largest single liquidation was a $80.58 million HTX BTC-USDT trade.

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Ethereum Drops Below $2700, Down Over 9.2% in 24 Hours

On January 30, per HTX market data, Ethereum fell below $2,700, posting a 24-hour drop of more than 9.2%.

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Bitcoin Plunges Over $2,000 in 5 Minutes, Breaks Below $82,000

January 30 — Bitcoin plummeted more than $2,000 in five minutes, dropping below $82,000, according to market data from HTX. Its 24-hour decline widened to 8.1%.

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MegaETH: 53% of MEGA Token Supply to be Released Upon 'Protocol Achieves Significant Milestone'

On January 30, MegaETH co-founder Namik Muduroglu announced that 53% of the total supply of the MEGA token will be unlocked when the protocol hits major milestones—rather than adhering to a time-based unlock schedule. Those milestones cover MegaETH’s total value locked (TVL), Layer 2 (L2) decentralization, protocol performance, and external achievements by the Ethereum community. The move aims to address long-running concerns about the “low circulation/high fully diluted valuation (FDV)” tokenomics model.

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Griff Green to Establish Ethereum Security Fund Utilizing Unclaimed Hacker Funds

January 30: Per TheBlock, Griff Green—an Ethereum developer—plans to allocate a portion of unclaimed funds from the 2016 The DAO hack to launch a new Ethereum Security Fund. Originally valued at roughly $6 million, the unclaimed funds are now worth approximately $200 million, including some 70,500 ETH.

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SEC Chair: Crypto Innovation Safe Harbor to Be Delayed

On January 30, SEC Chairman Paul Atkins announced a delay to the crypto innovation exemption the agency had previously pledged to release in January. The exemption was designed to bring regulatory clarity to tokenized securities, decentralized finance (DeFi), and related areas. Atkins added, “We need to proceed with caution,” and hinted the SEC may wait for congressional legislative developments before moving forward.

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