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According to ChainCatcher, the second round project CWFC closed its subscription at 16:00 on April 4 and will complete its TGE at 20:00 on April 4. More than 42,000 people participated in this round, with a total subscription amount of 58,563,157 USDT, representing an oversubscription of nearly 59 times. After settlement, the subscribed CWFC assets from this round will not be subject to any lock-up; assets will be delivered as spot and users can choose to sell or withdraw immediately.

According to Odaily, Matthew Sigel, Head of Research at VanEck, posted an analysis on the X platform, noting that current protective demand in the Bitcoin derivatives market has risen to the 99th historical percentile, which is typically seen as a “contrarian bullish signal” under conditions of extreme risk aversion, and judges that the market is currently suitable for establishing long positions. The VanEck Digital Transformation ETF (NODE), which Matthew Sigel also manages, has risen 27% since its inception, while Bitcoin fell 33% over the same period. The ETF achieved lower volatility performance through diversified allocation and a focus on profitable sectors. However, he also warned that if companies' large capital expenditures in the field of artificial intelligence (AI) do not generate corresponding returns, this could pose substantial pressure on the market, especially against the backdrop of weightings concentrated in S&P 500 constituent stocks. Note: Percentile is a concept of statistical position; the 99th percentile represents a relatively extreme level, and the 50th percentile represents the median level.

According to ChainCatcher, Tether is encouraging investors to participate in a new fundraising round at an estimated valuation of around $500 billion. If market demand does not meet expectations, the fundraising process may be postponed. It is reported that the company has been exploring fundraising plans since last year, but some investors remain cautious about the valuation. If this valuation is reached, Tether's size will surpass most U.S. banks, second only to JPMorgan. Previously, the company discussed raising approximately $15 to $20 billion through private placements, but related plans remain uncertain.