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ChainCatcher reported that recently, Ethereum core developer Federico Carrone issued a warning that the growing influence of venture capital firm Paradigm on the Ethereum network could pose a potential risk to the ecosystem. Carrone stated on social media that although Paradigm has created value for the community, as a venture capital fund driven by profit and influence, its goals may not align with Ethereum's philosophy and political ideals. Paradigm has gradually expanded its influence in the ecosystem by hiring key Ethereum researchers and funding open-source libraries critical to Ethereum. The company recently partnered with fintech giant Stripe to incubate a competing Layer-1 blockchain called Tempo, a network focused on stablecoins and payments, which is essentially controlled by Stripe and stands in stark contrast to Ethereum's decentralized and open-source nature.

ChainCatcher reported that UAE-based M2 Capital has announced a $21 million investment in Nasdaq-listed company AVAX One. AVAX One is a digital asset vault focused on accumulating Avalanche blockchain’s native token AVAX, and was transformed from the former agricultural technology company AgriFORCE. This investment aims to support the development of the Avalanche network and promote the adoption of regulated digital assets in the Middle East.