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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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Trend Research: The "BTC OG Insider Whale" address has sold a total of 310,000 ETH in the past 3 days to repay a loan

As of February 4th, per MLM Monitor, a wallet address linked to Trend Research and the "BTC OG Insider Whale" has deposited 310,000 ETH (roughly $651 million) into Binance over the past three days to repay a loan.

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Bitcoin Bounces 3.23% in Under 20 Minutes, Ethereum Rebounds 4.14%

February 4th — Per HTX market data, Bitcoin rallied 3.23% sharply over nearly 20 minutes, briefly breaking above $75,000. Meanwhile, Ethereum jumped 4.14% in the same window, touching $2,200 briefly. At press time, Bitcoin was trading at $74,560, while Ethereum stood at $2,172.

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Bitcoin Surges Above $75,000

On February 4, HTX market data shows Bitcoin rebounded above $75,000, with its 24-hour drop narrowing to 4.32%.

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Total Liquidations in the Last 1 Hour: $269M

**Crypto Liquidations Update (Feb 4)** Per Coinglass data: - **Past Hour**: Total network liquidations hit $269M, with $247M in long positions liquidated and $22.54M in short positions. - **Past 24 Hours**: 159,826 global traders were liquidated, totaling $657M. The largest single liquidation was on Binance’s ETHUSDT pair, worth ~$6.09M.

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Ethereum experiences a brief dip to $2110, now recovering to $2180

On February 4, per HTX market data, Ethereum briefly fell to $2,110 before slightly rebounding to $2,180, posting a 7.28% 24-hour drop.

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Bitcoin Briefly Dips Below $73,000 Before Slightly Rebounding to $74,700

On February 4, market data from HTX shows Bitcoin briefly dropped below $73,000. It has since rebounded slightly to $74,700, with its 24-hour decline narrowing to 4.92%.

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