Huobi Ventures Weekly Report #24
Huobi Ventures Weekly Insights
This week, the international landscape experienced sudden changes as Russia officially declared war on Ukraine. Against such a backdrop, the international financial market was hit hard with volatile fluctuations. The Russian stock market fell by more than 35% in a single day, and Nasdaq went through huge falls and rebounds within a single day. Let’s take a look at the crypto market based on these facts.
An analysis of the crypto industry:
1. The secondary market has been sluggish in the past three months, but VCs have been flowing into the primary market.
2. The pressure of raising the interest rate by the Federal Reserve has been relieved.
3. The bear market caused by the war between Russia and Ukraine has been preliminarily diffused.
Next week, a closer look is needed on whether the impact of the war is expanding. The cryptocurrency market will continue to follow the violent fluctuations of the international financial market next week if we refer to the previous expectation of increasing interest rates by the Federal Reserve in March.
Huobi Ventures Latest Update
Huobi Ventures attended Huobi Global WEB3 Industry Insights.
Huobi Ventures portfolio Solana Wallet Slope Finance Raises $8M.
Huobi Ventures announced to support Cradles Who Just Closed $5 Million Private Funding Round.
Portfolios Weekly Status
Unleash the Power of LunaX: Inviting Applications for Degen Strategists. Details
Atlas Finance 2-way cross-chain swaps will be launched in March. Details
Biconomy announced to partner with Swing to provide instant cross-chain transfers via Hyphen. Details
Cradles just closed $8 million Private Funding Round. Details
The design of $CESS v0.3.0 is in process. Details
FBG Partners with Clearpool to Become a Borrower on the Protocol. Details
Alpha Testing was launched on 21 Feb, 22 (12 PM UTC). Details
Ignite Tournaments Forms Partnership with MetaGods. Details
KingdomX announced to get a new partnership with Formless. Details
Mizar has finished a $3million raise led by Nexo. Details
The Second round of Neptune’s NFTs sale has ended, with all 3,000 NFTs sold out. Details
RSS3 are excited to announce that as of today the RSS3 protocol and nodes are fully supporting the avalanche network for content and data indexing. Details
About Huobi Ventures
Huobi Ventures is focused on growing its venture investment portfolio and supporting blockchain projects through long-term investment strategies.Huobi Ventures aims to identify strategic opportunities across different blockchain verticals to complement and expand Huobi’s product offerings. Acquisitions will be integrated into Huobi’s growing suite of blockchain-enabled applications and services to expand the business into new markets.