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ChainCatcher reports that on August 23, MovaChain, a modular blockchain platform designed for global payment scenarios, announced the completion of its strategic financing round, bringing its post-investment valuation to $100 million. This round was co-led by the Aqua1 Foundation and UAE-based GeoNova Capital, with participation from other top financial institutions in Abu Dhabi. The Aqua1 Foundation is a leading UAE Web3 investment fund focused on blockchain infrastructure, financial protocols, and real-world asset tokenization. It previously drew significant attention for investing $100 million in World Liberty Financial, a crypto platform backed by the Trump family. GeoNova Capital, on the other hand, is a fund jointly established by Standard Chartered Bank, several UAE institutions, and family offices. It specializes in high-growth sectors with a hands-on investment approach, collaborates extensively with sovereign wealth funds, family offices, and private equity, and is committed to long-term value creation through deep engagement. This financing will help MovaChain advance its three core strategic priorities: building modular, high-performance infrastructure to meet institutional-grade application needs worldwide; expanding its global payment network and stablecoin settlement solutions to enable multi-dimensional payment channels; and accelerating ecosystem development through global collaboration with governments, financial institutions, enterprises, and developers. Stephen Wong, Co-founder of Mova, stated: “Earning the recognition of the UAE’s most strategically minded investment institutions is a strong endorsement of our efforts to build institutional-grade, scalable blockchain infrastructure for global payment scenarios.” With its modular architecture, high performance, and global payment capabilities, MovaChain is redefining Web3 infrastructure and building a trusted foundation for the next generation digital economy.

According to ChainCatcher, as monitored by @ai_9684xtpa, following this morning’s ETH surge, the trader known for “making a fortune and then suffering heavy losses after rolling over $125,000” now has an unrealized profit of $4.78 million on a 15x leveraged ETH long position. The position is currently being rolled over, holding 25,108.32 ETH (approximately $120 million), with an entry price of $4,590 and a closing price of $4,670.3.