Blockchain Capital is raising $700 million for two new funds—the seventh early-stage fund and the second growth fund—and has begun deploying capital, aiming to close in five to six months. Blockchain Capital is raising $700 million for two new funds—the seventh early-stage fund and the second growth fund. The firm has begun deploying capital and plans to wrap the fundraising in five to six months.

Foresight News reports that the privacy protection project zERC20 has launched the zERC20 protocol to support the asset zBNB. The official statement says that zBNB retains the familiar and user-friendly features of BNB while adding privacy protection functions for on-chain transactions. When users wrap BNB, the original BNB will be destroyed to an irrecoverable address, and a cryptographic proof will be generated. Users can use this proof to mint zBNB to a new address, which is completely separate from historical transaction records.