primary

At the Ethereum University Tour - Shanghai Station Fudan University special event, SYNBO was invited to give a keynote speech, systematically breaking down the evolution logic of the public chain ecological investment and financing market.Currently, the primary market in the industry heavily relies on offline intermediary models, facing four major disconnection issues in terms of access, trust, capital release, and profit distribution.In response to the existing pain points in the industry, SYNBO is committed to transforming capital operations into on-chain verifiable rules, relying on delivery-oriented capital release, dynamic pricing and financing share trading, continuous asset generation mechanisms, and community co-construction models to build a native on-chain investment and financing protocol system.The SYNBO model will break down traditional VC industry barriers, lower the financing threshold for innovation and entrepreneurship, and promote the industry's development from "asset on-chain" to "on-chain capital efficiency upgrade," creating sustainable endogenous growth momentum for the entire public chain ecosystem.

At the Bitget "Obsidian Night" offline event, the platform's Chinese language head, Xie Jiayin, elaborated on the IPO Prime product strategy. He stated that relying on the UEX panoramic exchange architecture, IPO Prime aims to break the barriers of traditional primary markets that have long been monopolized by leading institutions, building a standardized asset subscription channel that allows ordinary users to fairly participate in the early value growth of global unicorns like SpaceX.Xie Jiayin emphasized that "coming means being a VIP" has never just been a slogan, but a substantial right delivered to users based on UEX capabilities. IPO Prime is not only an upgrade and iteration of the product system but also a deep practice of the concept of financial equality in the cryptocurrency trading field. By continuously lowering participation thresholds and improving asset circulation efficiency, the rights to allocate high-quality global assets are truly made accessible to every user.

Liquid Capital (formerly LD Capital) founder Yi Lihua stated on social media, "The war is confirmed to be over, there is no insider information, and neither side has a reason to continue fighting. We will take profits wherever the rebound stops and observe as we go.This year's cryptocurrency market is very similar to 2019, with a cliff-like drop in secondary liquidity, almost no confidence in primary investments, and Web3 companies laying off large numbers of employees, with industry personnel switching careers. Be greedy when others are fearful; this year is definitely the best time for secondary bottom-fishing and primary investment, similar to 2019. Institutions that bottomed out in the secondary market and invested in the primary market in 2019 were the biggest winners in the 2020 bull market, and we are working hard to do these two things well."

According to Jinshi, Federal Reserve's Williams stated that the primary reason for lowering interest rates is to keep real rates unchanged as inflation declines; the second consideration is whether the policy needs to be closer to the neutral rate.

According to Jinshi News, Chris Grisanti, Chief Market Strategist at New York MAI Capital Management, stated that today's Federal Reserve statement and press conference are clearly hawkish. The description of economic activity was upgraded from "moderate" to "robust," while the wording regarding downside risks to employment was removed. Powell indicated that the labor market has "stabilized," and although inflation is stabilizing, it remains "slightly elevated." He believes that there will be no rate cuts in the short term, and under continued economic strength, there may not be any rate cuts even in 2026.

Ethereum core developer Tim Beiko stated that he will shift his focus from primary development to exploring cutting-edge application scenarios of Ethereum in the coming months.Ensuring a smooth transition for AllCoreDevs and his responsibilities at the Ethereum Foundation is his current top short-term goal. He will continue to stay at the Ethereum Foundation and serve as a protocol advisor, working with the foundation and cluster leadership to ensure the establishment of a reasonable organizational structure to support participation from various ecosystems. Tim Beiko emphasized that the Ethereum protocol is nearing its final stage, but we have only just begun to touch the potential of a permissionless, scalable, economically secure, and low-cost verifiable world computer.

According to the “RootData 2025 Web3 Industry Annual Report”, the total financing amount in the crypto primary market will reach $22.73 billion in 2025, a significant year-on-year increase of 120.6%, with the number of merger and acquisition events hitting a historical high.However, behind the impressive data is a serious structural divergence: the growth is mainly driven by a few large financings from companies like Polymarket and Binance, while the financing environment for early-stage projects continues to deteriorate, with the number of financing deals reaching a five-year low. The overall market is still in a deep clearing phase, with no widespread cyclical recovery signals yet.

Slow Mist released the analysis of stolen funds from MistTrack for the fourth quarter of 2025. In the fourth quarter of 2025, there were 300 reports of stolen funds received (excluding cases reported through other channels), with approximately $1 million successfully frozen or recovered in 9 cases.The three main causes of theft incidents are: phishing attacks, scams, and private key leaks. Phishing remains the primary cause of losses, evolving from fake domains to autocomplete hijacking redirects; phishing is no longer limited to "clicking the wrong link." One victim mistakenly sent 50 million USDT to a forged similar address—where the first 3 and last 4 characters were exactly the same.

Circle CEO Jeremy Allaire stated at the Solana Breakpoint conference that Solana's transaction volume far exceeds that of all other chains. The Solana infrastructure is becoming increasingly mature, and its appeal is growing day by day. More and more large platforms aimed at consumers and merchants are using USDC on Solana as their preferred infrastructure.

Synbo Protocol successfully held the "On-chain Primary Market Summit Forum" at the Sheraton Hotel in Kuala Lumpur, attracting numerous industry OGs, representatives from well-known investment institutions, core community consensus participants, and hundreds of senior players in the blockchain and primary market.Community leaders of Synbo Protocol shared in-depth insights on their latest product developments and future vision: to completely transform the traditional primary market investment, which is often obscure, has high barriers to entry, and suffers from severe information asymmetry, through an innovative "Position Consensus Mechanism," allowing ordinary users to participate in top-tier project primary investment opportunities as simply and transparently as buying and selling spot assets, achieving "fair participation in early wealth effects for everyone."During the event, several heavyweight guests delivered keynote speeches and engaged in deep interactions with the audience. Synbo Protocol is driving the evolution of the primary market from a "closed club" to a new paradigm of "open transparency and community co-governance," aiming to become one of the most imaginative infrastructures in the next bull market.

The report "2025 Web3 Financing Panorama Interpretation" released by Gate Research Institute shows that the Web3 financing market rebounded strongly in October, completing a total of 130 transactions with a total financing amount of $5.12 billion, a month-on-month increase of 104.8%, marking the second highest level in nearly a year.The financing structure in October was dominated by strategic rounds, accounting for over 70%, driven primarily by the explosion of prediction markets and the accelerated integration of CeFi and TradFi. Among them, Polymarket topped the list with $2 billion in strategic financing, marking a capital highlight moment for the prediction market track; CeFi maintained its expansion momentum through mergers and acquisitions and structured financing, continuously deepening its synergy with the traditional financial system.In terms of tracks, DeFi surged to the top with a total financing of $2.15 billion, reflecting concentrated capital allocation towards innovative financial applications; stablecoin infrastructure also became a focus, with Tempo completing $500 million in Series A financing, further consolidating its strategic position as the underlying layer of Web3 finance.The distribution of financing scale shows characteristics of "mid-to-large dominance, with increasing polarization," with projects in the $3 million to $10 million range being the most active, accounting for over one-third; while small financing below $1 million accounted for only 5.9%, hitting a recent low, indicating that capital's screening criteria for "purely conceptual" projects are becoming increasingly stringent, with funds accelerating towards mature teams and viable solutions that possess long-term competitiveness.Overall, the Web3 financing landscape in October presented three trends: "capital return, structural reshaping, and confidence recovery," as the industry enters a new cycle oriented towards steady growth and actual value creation.

According to ChainCatcher's message, citing a 2025 security report released by the crypto trading platform WhiteBIT, social engineering scams (including false investments, identity impersonation, etc.) have become the primary security threat faced by crypto users, accounting for 40.8% of all security incidents this year.The report indicates that technical wallet attacks (such as phishing, malware, and keyloggers) rank second with a share of 33.7%, while over 10% of scams are carried out through instant messaging platforms like Telegram, commonly in the form of "pump and dump scams" or impersonated channels. The compliance team at WhiteBIT stated that most threats target "human behavior vulnerabilities" rather than technical flaws, urging users to take proactive defensive measures, including: enabling two-factor authentication, carefully verifying URLs, not sharing sensitive data, and prioritizing the use of secure exchanges and cold wallets for asset storage. The report also mentioned that in the first half of this year, losses from crypto-related crimes approached $2.5 billion, with the Bybit hacking incident (believed to be orchestrated by North Korea's Lazarus group) becoming the largest crypto theft in history, resulting in losses of approximately $1.5 billion.

ChainCatcher news, according to Jinshi reports, Federal Reserve's Paulson stated that the increasing risks facing the labor market should become the primary focus of monetary policy.

ChainCatcher message, according to the official disclosure from Hyperdrive, the security issue encountered by the protocol currently affects only two markets: the Primary USDT0 market and the Treasury USDT market.To prevent malicious activities, the protocol has temporarily suspended all markets (including the interest mechanism) and all withdrawal functions. The Hyperdrive team stated that they are working with top security and forensic experts to investigate and are developing a patch to address the issue. The team has committed to releasing a complete post-incident analysis report after the investigation concludes and will provide the next substantial update within 24 hours through official Twitter and Discord channels.Currently, the team is exploring all possible avenues to mitigate the impact on affected users, prioritizing the assessment of the overall impact of the incident and formulating a comprehensive remediation plan. Users are advised not to interact with the protocol or send funds to its smart contracts temporarily.

ChainCatcher news, recently Synbo Protocol announced that its Alpha test version NFT Exchange module deployed on the Binance mainnet has officially launched for testing.This update marks an important step for Synbo in building the on-chain capital market, bringing users new decentralized investment and financing opportunities, and further accelerating Synbo's evolution towards an on-chain primary market foundational protocol.

ChainCatcher news, on-chain data analyst Murphy stated that based on the BTC cost basis distribution (CBD) data, there is a dense chip accumulation area above the current price, with more than 500,000 coins and a cost basis around $117,300 to $119,100. The $117,000 level, previously the strongest support, has now turned into the biggest resistance for BTC's rebound. The accumulation of these chips roughly occurred between July 15 and July 22 of this year, and they have not been sold during BTC's pullback, remaining held until now.The overall market sentiment remains cautious. Once these holders transition from unrealized losses to break-even, it will significantly impact the height of BTC's rebound. Combining the "MVRV extreme deviation pricing range," this round of market activity has been operating between the yellow and orange lines of the pricing range since it started in April this year, forming an upward trend channel. The current lower boundary of the channel has moved up to $117,500, while the upper boundary is at $128,700. If BTC can successfully break through the aforementioned resistance range and the subsequent pullback does not fall below it, it means BTC has returned to the upward trend channel from April to August, and the expected height of the rebound can be seen at the upper boundary of the channel. This analysis is for learning and communication purposes only and should not be considered investment advice.

According to ChainCatcher news and data from the RootData platform, the crypto primary market completed a total of 67 financing events in July, of which 38 disclosed specific amounts, with a total financing of 1.16 billion USD. In addition, RootData also recorded 18 Post-IPO type financing events.Key financing events include:Polymarket acquired the U.S. derivatives exchange QCEX for 112 million USDPump.fun completed a public round financing of 500 million USD at a valuation of 4 billion USDAgora completed a 50 million USD Series A financing, led by ParadigmStable completed a 28 million USD seed round financing, co-led by Hack VC and Bitfinex

ChainCatcher news, according to the official announcement, the publicly listed company Robin Energy in the United States has announced that it will use Bitcoin as its primary asset reserve, planning to allocate up to 50% of its cash reserves for this purpose, with an initial allocation amount of 5 million dollars.It is reported that Robin Energy is a publicly listed international shipping company headquartered in Cyprus, providing energy transportation services globally.