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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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ASTER Consolidates for a Month as On-Chain Whale HODLs $18 Million Long Position

March 11th: Per HyperInsight monitoring, the whale address neoyokio.eth (0x152) holds a 4x leveraged long position on ASTER, with a floating profit of $1.6 million and a current position size of $18 million—making it the largest ASTER long position on Hyperliquid. The address established an initial position at an average price of $0.69 on January 28. It later ramped up holdings near $0.56, adjusted positions via rollovers, and ultimately locked in an average entry price of $0.636. After ASTER broke above $0.7 on February 11, it has traded in a narrow range, consolidating sideways for nearly a month. In response to this trend, the top-ranked whale has held firm: the account has made no ASTER position adjustments for 20 consecutive days, with floating profit remaining stable at ~$1.6 million.

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On March 11, Bloomberg reported that this week, lawyers for Zhizhi Chen filed a motion in federal court in New York to overturn the U.S. government’s seizure of a batch of bitcoin linked to him. The lawyers argued many charges against Chen are “obviously and patently false,” describing allegations he ran a fraud scheme as merely “vague descriptions and contextual comments about the situation in Cambodia.” They also challenged the timeline of the cryptocurrency seizure, claiming the bitcoin was not obtained via fraud or money laundering. FBI findings show one of Chen’s key aides boasted the Prince Group raked in over $30 million daily in 2018 from a Ponzi scheme and related illegal activities. Some of those funds funded a crypto mining operation, yielding bitcoin and other cryptocurrencies that are easily transferable across borders. Previously, U.S. federal prosecutors charged Chen with money laundering and telecommunications fraud. In October 2025, they disclosed the U.S. had

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March 11th: Per monitoring data from HyperInsight’s Telegram channel (@HyperInsight), the address tagged “Heavy Positioning in Three Major Markets” (0x8af7...) executed a take-profit on its short position in CL (WTI Crude Oil), reducing its short holdings by 10,000 CL contracts—valued at roughly $830,000. To date, this long position has realized approximately $280,000 in profits. Following this trade, the total value of its remaining CL short position has dropped to $4.58 million, with an average entry price of $106.28. The position is currently showing a floating profit of around $1.32 million, translating to a return rate of 35.19%. The current market price of CL is temporarily quoted at $82.3.

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