Daily Alpha and Summary. February 25, 2025

DeFi

Ethena raised $100M in funding led by Franklin Templeton in bid to build new chain and launch TradFi-focused token

RateX integrates liquid staking Fragmetric's $fragSOL & $fragJTO for 5x RateX points boosts, 4x Fragmetric points boost and a share of 5k $JTO Rewards

We’re staking on RateX too via- https://app.rate-x.io/referral?ref=2JWCo3LS

Fragmetric recently raised $7M seed led by Finality

Yzi labs formerly Binance labs invests in Vana and CZ becomes Vana advisor

Altvm abstraction chain Skate chain announce Skate yapper leaderboard for 1% of their supply

Been bullish on stablecoin projects and Defi as a whole, good to see rumored Institutional bullishness too

0xfun allegedly insolvent

Pumpfun to soon launch AMM, Raydium competitor

State of the market

Binance allegedly using MM Wintermute to withdraw $38M in SOL ahead of March Sol unlock

11.2M SOL ($2B) to be unlocked on March 1

Gold hit ATH at $2,956.11/OZ

CZ has 98.48% of his portfolio in BNB and 1% in BTC

Bybit hacker laundered funds 89,500 ETH (18% of 499,000 ETH stolen) in 2.5 days, with the rest expected to be laundered within 15 days, transactions show same hacker tied to Bybit, Poloniex, Phemex, BingX hack

SBF tweets from Jail resonating on his past

MicroStrategy purchased additional 20,356 BTC (~$1.99B), they also completed a $2B offering of convertible notes. Leveraged debts