hashed

The CEO of the South Korean crypto venture capital firm Hashed, Simon Kim, stated in a post that since entering the crypto space in 2015, he has experienced multiple market fluctuations, and this bear market is the first that has not truly frightened him. Although watching his investment portfolio still stings due to the bear market, this bear market is fundamentally different from previous ones. In past bear markets, there was a pervasive fear of the survival of crypto technology and the market potentially disappearing entirely, such as threats from governments jointly banning crypto assets or new global ledger technologies replacing blockchain. However, currently, regardless of daily price fluctuations, such fundamental concerns have not emerged. Global regulation is gradually evolving, aiming to promote development in conjunction with the industry rather than suppress it; more institutional investors are beginning to recognize the value of this asset class, as evidenced by the significant position of IBIT in Harvard University's endowment fund, which is highly symbolic; stablecoin metrics are hitting new highs every month, and it is expected that by 2030, its issuance will grow several times from current levels.Simon Kim also mentioned that billions of people worldwide will access digital assets through everyday fintech applications and large tech applications in the future, rather than relying on exchanges. Everything is being tokenized, and the prosperity of the on-chain ecosystem has become a foregone conclusion. He emphasized that cycles are temporary, and the fundamentals are irreversibly moving forward, urging everyone to remain patient, as price rebounds to catch up with these fundamentals will not take long.

ChainCatcher news, blockchain game developer Delabs Games announced the completion of a new funding round of $5.2 million, bringing its total funding to $17.2 million. This round was led by Hashed, TON Ventures, and Kilo Fund, with participation from several strategic investors.Delabs stated that the funds would be used to promote the development of the AI game creation platform Verse8 and accelerate the implementation of AI-enabled Web3 games.

ChainCatcher News, Japan's Sumitomo Mitsui Financial Group (SMFG) announced a strategic investment in Hashed Venture's blockchain fund, Hashed Venture Fund III, through its securities subsidiary, SMBC Nikko Securities. The specific investment amount has not been disclosed.It is reported that this investment may promote broader cooperation between Japan's traditional finance and the Web3 industry. There are reports that SMBC Nikko's innovation lab, Nikko Open Innovation Lab (NOIL), is advancing a project called "Proof of Japan," which aims to utilize NFT technology to digitize Japanese cultural assets.

ChainCatcher news, according to Onchain Lens monitoring, Hashed transferred 18.45 million SAND to Binance, approximately 5.79 million USD.

ChainCatcher news, according to Lookonchain monitoring, Hashed (@hashed_official) deposited 18.45 million SAND to Binance 2 hours ago, worth 6.3 million USD.Hashed withdrew 11.36 million SAND (worth 2.9 million USD) from Binance last month at a price of 0.26 USD, and since then SAND has increased by 35%.

ChainCatcher news, reported by Chainwire, the Web3 infrastructure startup Catalysis announced the completion of a $1.25 million Pre-Seed funding round, led by Hashed Emergent, with participation from Presto Labs, Spaceship DAO, Funfair Ventures, Cosmostation, and Crypto Times.It is reported that the funds will be used to develop the first "security abstraction layer" specifically designed for re-staking protocols, to unify the economic security of multiple re-staking protocols and simplify the process for developers and node operators to deploy shared security services. The platform has integrated with re-staking protocols such as EigenLayer, Symbiotic, and Kernel DAO, and plans to launch a public testnet in the second quarter of 2025.

ChainCatcher news, according to OnchainLens monitoring, Hashed Official deposited 17.03 million SAND into Binance, worth 4.1 million USD, and may have sold it. Hashed Official led a 2.5 million USD investment in SAND on May 22, 2019, and still holds 25.55 million SAND, worth 6.15 million USD.

ChainCatcher news, Hashed partner Ryan Kim stated that although many tokens with Ponzi characteristics have collapsed, some Memecoins have survived. The key to the survival of these tokens lies in the enthusiasm of the community and an almost religious belief.Ryan pointed out that for Meme coins to exist in the long term, they need to pursue sustainable and achievable values, such as love, peace, and community spirit, rather than relying solely on short-term speculation and market sentiment.

ChainCatcher news, the Solana restaking protocol Fragmetric announced via tweet that it has completed a $7 million seed round financing, led by Finality Capital Partners and Hashed, with participation from institutions such as Hypersphere, Presto, Bitscale Capital, Halo Capital, Flowdesk, and support from multiple angel investors in the Solana and Restaking ecosystems.According to Web3 asset data platform RootData, Fragmetric is Solana's native liquid restaking protocol, with a vision to enhance the security and economic potential of the Solana ecosystem. By leveraging Solana's token expansion, Fragmetric effectively achieves NCN reward distribution. Additionally, Fragmetric has designed a practical solution, a standardized token program, to utilize various LSTs within the restaking platform. Fragmetric's mission is to build a secure, transparent, and efficient restaking infrastructure that empowers users and supports the stability of the Solana restaking ecosystem.

ChainCatcher news, according to official sources, the Sui ecosystem liquid staking protocol Haedal Protocol has announced the completion of its seed round financing, with the specific amount undisclosed. Investors participating in this round of financing include Hashed, Comma3 Ventures, OKX Ventures, Animoca Ventures, Sui Foundation, Flow Traders, Dewhales Capital, Cetus, Scallop, and others. Haedal will utilize this financing and new resources to support the further development of its liquid staking infrastructure and on-chain yield products focused on the Sui ecosystem.According to the Web3 asset data platform RootData, Haedal is a liquid staking protocol based on Sui that allows anyone to stake their Sui tokens to facilitate governance and decentralization of the Sui blockchain. Meanwhile, users will receive haSUI as a reward, enabling them to continue participating in DeFi activities for additional earnings.

ChainCatcher news, according to The Block, generative AI storytelling startup Sekai announced the completion of a $3.1 million seed round financing, led by Hashed.Sekai aims to transform storytelling into a "multiplayer experience" using Story Protocol, allowing aspiring storytellers to collaborate with others on its platform with the help of generative AI. At the same time, Sekai hopes to empower creators to protect their intellectual property and profit from their creations.

ChainCatcher news, Simon Kim, CEO of South Korea's largest crypto venture capital firm Hashed, pointed out that with the postponement of cryptocurrency taxation in South Korea for another two years, the institutionalization process in the country's cryptocurrency and Web3 sectors is expected to accelerate. Kim listed several anticipated policies, including allowing companies to open cryptocurrency accounts, opening up participation for institutional investors in cryptocurrency investments, permitting the issuance of tokens in South Korea, and releasing a regulatory framework for STO/RWA.Other important policy directions include establishing guidelines related to stablecoins, creating accounting standards for virtual assets, segmenting professional fields such as custody, recognizing cryptocurrency companies as venture capital firms (currently regarded as part of the gambling industry), allowing South Korean exchanges to access overseas users, and lifting restrictions on South Korean companies' investments in overseas blockchain firms.

ChainCatcher news, Ryan Kim, founding partner of the crypto investment firm Hashed, stated on social media that in 2014, Ripple Labs sold XRP in South Korea through the "Ripple Market Korea" project in a "Ponzi scheme" manner, attracting a large number of South Korean investors. These early investors may have received substantial returns, and there is a real XRP community in South Korea, which is why many Koreans are buying XRP.According to a report from South Korean media in November 2014, the platform operator Ripple Market Korea completed its first round of sales within 2 hours on its opening day. The platform issued its own token RMK, promising to return transaction fee profits to users based on their holdings. At that time, the platform promoted advantages such as the ability to exchange XRP with various national currencies, investment from Google Ventures, and compliance with U.S. regulations.

ChainCatcher news, Web3 venture capital firm Hashed Ventures announced that starting from its fourth fund, it will be fully establishing funds overseas and plans to set up a large office in Abu Dhabi, UAE, with core team members including the CFO and CPO relocating to Abu Dhabi for work.Hashed's move aims to escape the restrictions of the Korean Venture Capital Act on domestic investment ratios to enhance global investment freedom. It is reported that over 80% of the company's assets are currently invested overseas, and more than half of the funds for the third fund being established also come from international capital.Founded in 2017, Hashed focuses on virtual assets and equity investments. This strategic adjustment will further strengthen its project discovery and investment capabilities globally.

ChainCatcher news, Sui ecosystem game XOCIETY developer NDUS Interactive announced the completion of a $7.5 million Series A funding round, led by Hashed and the Sui Foundation, with participation from Spartan, Neoclassic, Big Brain Holdings, and PUBG game publisher Krafton.

ChainCatcher news, according to Theblock, the Fantom Foundation announced the completion of a $10 million strategic financing, led by Hashed, with participation from UOB Ventures, Signum Capital, SoftBank, Aave Foundation, and others. The funds from this round of financing will be used to support the Sonic Foundation, as well as strategic growth and ecosystem development, with a particular focus on enhancing the liquidity of automated market makers and blue-chip pools in the money market. This move aims to attract users from Ethereum and other Layer 2 networks.Additionally, the Web3 asset data platform RootData shows that Fantom is a high-performance, scalable, EVM-compatible, and secure smart contract platform. Developers can quickly port existing Ethereum-based DAPPs to the Fantom Opera mainnet, significantly improving performance and reducing costs.

ChainCatcher news, according to Lookonchain monitoring, Hashed deposited 16.65 million C98 (approximately 4.2 million USD) to Binance 15 minutes ago.