💰 RootData Funding Report (4/24) - Catalysis
@0xcatalysis has raised $1.25M in a pre-seed round to develop the first security abstraction layer for shared security protocols, with a strong emphasis on streamlining restaking infrastructure. The round was led by @HashedEM, with support from @Presto_Labs, @SpaceshipDAO, @FunFairVentures, @CosmostationVD, and @CryptoTimes_mag.
This early backing, while modest in size, is strategically aligned with Catalysis’ vision of becoming the middleware layer for Actively Validated Services (AVSs) across restaking ecosystems like EigenLayer, Symbiotic, and SatLayer. Hashed Emergent, focused on early-stage innovation in the Indian and APAC Web3 ecosystems, brings regional expertise and deep-rooted community access—valuable for scaling adoption and attracting dev talent.
Presto Labs and Funfair Ventures, known for their quantitative and Web3 infra investments, can offer both product development guidance and tokenomics insight, which will be crucial as Catalysis aims to unify fragmented security layers into a cohesive developer experience.
Cosmostation, a key validator and infra player in the Cosmos ecosystem, strengthens Catalysis’ ties to modular blockchain architecture—especially as the team targets bridges, DA layers, oracles, and zero-knowledge use cases that benefit from dynamic shared security.
By focusing on abstraction and UX improvements across multiple restaking layers, Catalysis is well-positioned to become the “Stripe for security” in the emerging modular blockchain stack. This funding sets a foundational step for its testnet and future integrations.
Asset tokenization firm Securitize, in partnership with Mantle, has launched a new institutional crypto index fund, Mantle Index Four (MI4), with Mantle committing $400 million as the fund's anchor investment. MI4 will provide exposure to major crypto assets such as BTC, ETH, SOL, and U.S. dollar stablecoins, with allocations based on market capitalization and risk. Additionally, MI4 surpasses Securitize's previous $148 million BCAP fund, making it the largest tokenized institutional fund.
ETHEREUM ACTIVE ADDRESSES JUMP 10% IN 48 HOURS, NETWORK ACTIVITY SPIKES
Ethereum saw a sharp increase in on-chain activity between April 20–22, with active addresses rising from 306,211 to 336,366 — a nearly 10% surge in just two days.
The spike comes amid renewed interest in dApps, DeFi, and NFT markets, hinting at growing user engagement across the Ethereum ecosystem.
Source: CryptoQuant
ElonMusk $DOGE
🇺🇸 Elon Musk Steps Back from the White House’s DOGE Office
“Mission (mostly) accomplished.” Musk says the heavy lifting at the Department of Government Efficiency (DOGE) is done, so he’s scaling back to focus on Tesla.
He’ll now spend just 1–2 days a week at DOGE, staying on until the end of Trump’s term.
📉 DOGE Savings Take a Hit
Originally aimed to save the U.S. government $2 trillion through efficiency reforms — that number’s been cut to $150 billion due to flawed math, missed targets, and system issues.
Over 200,000 federal jobs have reportedly been eliminated so far.
⚖️ Legal & Public Heat
DOGE faces legal scrutiny over its savings claims and layoff procedures. Multiple lawsuits are underway, with early rulings not going in DOGE’s favor.
Public backlash is growing — especially from unions demanding transparency and accountability.
⏳ DOGE’s Long Game
The goal? DOGE plans to shut itself down by July 4, 2026. Musk calls it “the first gov agency designed to die.”
In the meantime, it’s launching controversial programs — like a $5M ‘Golden Card’ visa for wealthy immigrants to boost revenue.
⚙️ Tesla Needs Him Back
Tesla’s profits are down 71% year-over-year, with the stock losing nearly half its value. Musk is shifting focus to stabilize the company.
🐶 Dogecoin Update
Despite the confusion, the $DOGE Office has nothing to do with Dogecoin the crypto.
Fun fact though — Dogecoin is up 3.1% today, trading around $0.1793.
Current Price: $0.1733 (-4.77%)
#ElonMuskTalks #BinanceAlphaAlert
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Following the call from Commissioner Hester M. Peirce and the U.S. Securities and Exchange Commission (SEC) Crypto Task Force, Cardano Foundation has contributed to the U.S. SEC Crypto Task Force questionnaire.
As the regulatory landscape evolves, we believe there is a way forward—one that fosters innovation, clarity, and global interoperability.
Our submission advocates for some key pillars:
✅ A functional, risk-based taxonomy, avoiding decentralization as a legal criteria in determining whether a blockchain asset is a security for U.S. federal security law purposes
✅ Greater global interoperability by aligning U.S. frameworks with those of other jurisdictions such as MiCAR in the EU
✅ A technology-neutral approach to tokenization, emphasizing its potential to enhance market efficiency and transparency
✅ Introduces a constructive perspective on outsourcing, proposing a proportionate, function-focused model for public, permissionless infrastructures like Cardano
Read our full submission here:
Following the call from Commissioner Hester M. Peirce and the @SECGov Crypto Task Force, Cardano Foundation has contributed to the U.S. SEC Crypto Task Force questionnaire.
As the regulatory landscape evolves, we believe there is a way forward—one that fosters innovation, clarity, and global interoperability.
Our submission advocates for some key pillars:
✅ A functional, risk-based taxonomy, avoiding decentralization as a legal criteria in determining whether a blockchain asset is a security for U.S. federal security law purposes
✅ Greater global interoperability by aligning U.S. frameworks with those of other jurisdictions such as MiCAR in the EU
✅ A technology-neutral approach to tokenization, emphasizing its potential to enhance market efficiency and transparency
✅ Introduces a constructive perspective on outsourcing, proposing a proportionate, function-focused model for public, permissionless infrastructures like Cardano
Read our full submission here:
Bitdeer Technologies 🇸🇬 surged on April 22, ranking No. 2 among top-performing stocks, fueled by Bitcoin’s rally & a reported $200M credit facility for ASIC manufacturing. 💡💱
Yet, controversy looms as Callisto Research accuses Bitdeer of financial opacity & ties to Chinese entities, prompting CEO Jihan Wu to dismiss claims as market manipulation. Legal action may follow, he noted.
Will Bitdeer ride its momentum or face a reckoning?